COBEN: what changed
Two fiscal 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.
COBEN
Largest movements
- Tangible fixed assets -€24,838
down €24,838 (-22.0%), from €113,002 to €88,164
- Stocks and contracts -€9,802
down €9,802 (-100.0%), from €9,802 to €0
- Cash +€7,279
up €7,279 (+76.1%), from €9,569 to €16,848
mainly Depreciation (+€31,068) and Other debts (+€11,543)
- Current investments +€6,194
up €6,194 (+23.8%), from €26,000 to €32,194
- Intangible fixed assets -€3,125
down €3,125 (-39.0%), from €8,014 to €4,889
- Profit (loss) carried forward -€32,182
down €32,182, from €6,095 to -€26,087
- Other debts +€11,543
up €11,543 (+90.5%), from €12,750 to €24,293
- Debts after one year -€8,166
down €8,166 (-8.6%), from €94,470 to €86,304
- Trade debts +€7,869
up €7,869 (+94.5%), from €8,326 to €16,194
- Current portion of long-term debt -€6,406
down €6,406 (-44.0%), from €14,572 to €8,166
- Gross operating margin -€43,760
down €43,760 (-47.2%), from €92,768 to €49,008
- Staff costs +€10,489
up €10,489 (+29.5%), from €35,517 to €46,006
- Financial charges -€2,947
down €2,947 (-55.5%), from €5,314 to €2,367
- Taxes -€2,502
down €2,502 (-94.7%), from €2,643 to €141
- Depreciation -€1,225
down €1,225 (-3.8%), from €32,292 to €31,068
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.
Cash bridge derived
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 | €171,652 | €144,430 | -€27,222 | -15.9% |
| Fixed assets | 21/28 | €121,226 | €93,262 | -€27,963 | -23.1% |
| Intangible fixed assets | 21 | €8,014 | €4,889 | -€3,125 | -39.0% |
| Tangible fixed assets | 22/27 | €113,002 | €88,164 | -€24,838 | -22.0% |
| Plant, machinery and equipment | 23 | €25,514 | €22,752 | -€2,762 | -10.8% |
| Furniture and vehicles | 24 | €26,058 | €14,281 | -€11,777 | -45.2% |
| Other tangible fixed assets | 26 | €61,430 | €51,131 | -€10,299 | -16.8% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €50,426 | €51,167 | +€741 | +1.5% |
| Stocks and contracts in progress | 3 | €9,802 | €0 | -€9,802 | -100.0% |
| Stocks | 30/36 | €9,802 | €0 | -€9,802 | -100.0% |
| Amounts receivable within one year | 40/41 | €2,570 | €1,281 | -€1,289 | -50.2% |
| Trade receivables | 40 | €1,452 | €0 | -€1,452 | -100.0% |
| Other amounts receivable | 41 | €1,118 | €1,281 | +€163 | +14.6% |
| Current investments | 50/53 | €26,000 | €32,194 | +€6,194 | +23.8% |
| Cash at bank and in hand | 54/58 | €9,569 | €16,848 | +€7,279 | +76.1% |
| Deferred charges and accrued income | 490/1 | €2,485 | €844 | -€1,641 | -66.0% |
| Total equity and liabilities | 10/49 | €171,652 | €144,430 | -€27,222 | -15.9% |
| Equity | 10/15 | €26,095 | -€3,218 | -€29,313 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,095 | -€26,087 | -€32,182 | |
| Investment grants | 15 | - | €2,869 | +€2,869 | |
| Amounts payable | 17/49 | €145,557 | €147,648 | +€2,091 | +1.4% |
| Amounts payable after more than one year | 17 | €94,470 | €86,304 | -€8,166 | -8.6% |
| Financial debts | 170/4 | €94,470 | €86,304 | -€8,166 | -8.6% |
| Amounts payable within one year | 42/48 | €51,086 | €60,944 | +€9,857 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €14,572 | €8,166 | -€6,406 | -44.0% |
| Trade debts | 44 | €8,326 | €16,194 | +€7,869 | +94.5% |
| Suppliers | 440/4 | €8,326 | €16,194 | +€7,869 | +94.5% |
| Taxes, remuneration and social security | 45 | €15,439 | €12,290 | -€3,149 | -20.4% |
| Taxes | 450/3 | €9,099 | €4,630 | -€4,469 | -49.1% |
| Remuneration and social security | 454/9 | €6,340 | €7,660 | +€1,320 | +20.8% |
| Other amounts payable | 47/48 | €12,750 | €24,293 | +€11,543 | +90.5% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €35,517 | €46,006 | +€10,489 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,292 | €31,068 | -€1,225 | -3.8% |
| Other operating charges | 640/8 | €1,805 | €1,808 | +€3 | +0.2% |
| Gross operating margin | 9900 | €92,768 | €49,008 | -€43,760 | -47.2% |
| Operating profit (loss) | 9901 | €23,153 | -€29,874 | -€53,027 | |
| Financial income | 75/76B | €0 | €200 | +€200 | |
| Recurring financial income | 75 | €0 | €200 | +€200 | |
| Financial charges | 65/66B | €5,314 | €2,367 | -€2,947 | -55.5% |
| Recurring financial charges | 65 | €5,314 | €2,367 | -€2,947 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €17,839 | -€32,041 | -€49,880 | |
| Income taxes | 67/77 | €2,643 | €141 | -€2,502 | -94.7% |
| Profit (loss) for the period | 9904 | €15,197 | -€32,182 | -€47,379 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,197 | -€32,182 | -€47,379 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.