COBEMI: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
COBEMI
Largest movements
- Tangible fixed assets -€31,065
down €31,065 (-8.7%), from €357,277 to €326,212
of which Land and buildings: -€33,212
- Current investments +€14,800
up €14,800 (+73.2%), from €20,221 to €35,021
- Cash -€5,107
down €5,107 (-22.4%), from €22,849 to €17,742
mainly Debts after one year (-€23,425) and Current investments (-€14,800)
- Debts after one year -€23,425
down €23,425 (-20.9%), from €111,857 to €88,432
- Trade debts -€7,003
down €7,003 (-74.5%), from €9,396 to €2,393
of which Suppliers: -€6,539
- Gross operating margin +€5,546
up €5,546 (+13.5%), from €41,125 to €46,671
- Depreciation -€2,000
down €2,000 (-5.4%), from €37,065 to €35,065
- Financial charges -€1,426
down €1,426 (-21.6%), from €6,616 to €5,190
- Taxes +€1,099
up €1,099 (+57.2%), from €1,921 to €3,020
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €422,219 | €397,263 | -€24,956 | -5.9% |
| Fixed assets | 21/28 | €357,467 | €326,402 | -€31,065 | -8.7% |
| Tangible fixed assets | 22/27 | €357,277 | €326,212 | -€31,065 | -8.7% |
| Land and buildings | 22 | €356,920 | €323,708 | -€33,212 | -9.3% |
| Furniture and vehicles | 24 | €357 | €2,504 | +€2,147 | +602% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €64,752 | €70,861 | +€6,109 | +9.4% |
| Stocks and contracts in progress | 3 | €3,749 | €3,398 | -€350 | -9.3% |
| Stocks | 30/36 | €3,749 | €3,398 | -€350 | -9.3% |
| Amounts receivable within one year | 40/41 | €17,042 | €13,740 | -€3,302 | -19.4% |
| Trade receivables | 40 | - | €8,760 | +€8,760 | |
| Other amounts receivable | 41 | €17,042 | €4,980 | -€12,062 | -70.8% |
| Current investments | 50/53 | €20,221 | €35,021 | +€14,800 | +73.2% |
| Cash at bank and in hand | 54/58 | €22,849 | €17,742 | -€5,107 | -22.4% |
| Deferred charges and accrued income | 490/1 | €891 | €960 | +€69 | +7.8% |
| Total equity and liabilities | 10/49 | €422,219 | €397,263 | -€24,956 | -5.9% |
| Equity | 10/15 | €200,031 | €202,729 | +€2,698 | +1.3% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €123,651 | €126,342 | +€2,690 | +2.2% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,015 | €1,005 | -€4,010 | -80.0% |
| Distributable reserves | 133 | €111,200 | €117,900 | +€6,700 | +6.0% |
| Profit (loss) carried forward | 14 | €2,012 | €2,019 | +€8 | +0.4% |
| Amounts payable | 17/49 | €222,188 | €194,534 | -€27,654 | -12.4% |
| Amounts payable after more than one year | 17 | €111,857 | €88,432 | -€23,425 | -20.9% |
| Financial debts | 170/4 | €111,857 | €88,432 | -€23,425 | -20.9% |
| Amounts payable within one year | 42/48 | €104,171 | €99,552 | -€4,619 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €25,192 | €25,482 | +€290 | +1.2% |
| Trade debts | 44 | €9,396 | €2,393 | -€7,003 | -74.5% |
| Suppliers | 440/4 | €8,932 | €2,393 | -€6,539 | -73.2% |
| Bills of exchange payable | 441 | €464 | - | -€464 | |
| Taxes, remuneration and social security | 45 | €1,200 | €2,391 | +€1,191 | +99.3% |
| Taxes | 450/3 | €1,200 | €2,391 | +€1,191 | +99.3% |
| Other amounts payable | 47/48 | €68,384 | €69,286 | +€903 | +1.3% |
| Accrued charges and deferred income | 492/3 | €6,160 | €6,550 | +€390 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,065 | €35,065 | -€2,000 | -5.4% |
| Other operating charges | 640/8 | €632 | €1,076 | +€444 | +70.2% |
| Gross operating margin | 9900 | €41,125 | €46,671 | +€5,546 | +13.5% |
| Operating profit (loss) | 9901 | €3,428 | €10,529 | +€7,102 | +207% |
| Financial income | 75/76B | €432 | €378 | -€54 | -12.6% |
| Recurring financial income | 75 | €432 | €378 | -€54 | -12.6% |
| Financial charges | 65/66B | €6,616 | €5,190 | -€1,426 | -21.6% |
| Recurring financial charges | 65 | €6,616 | €5,190 | -€1,426 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,756 | €5,718 | +€8,474 | |
| Income taxes | 67/77 | €1,921 | €3,020 | +€1,099 | +57.2% |
| Profit (loss) for the period | 9904 | -€4,677 | €2,698 | +€7,375 | |
| Transfer from tax-exempt reserves | 789 | €7,190 | €4,010 | -€3,180 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,513 | €6,708 | +€4,195 | +167% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.