COBEPI: 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.
COBEPI
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Turnover +€8,814
up €8,814 (+20.2%), from €43,663 to €52,477
- Gross operating margin +€5,890
up €5,890 (+16.9%), from €34,830 to €40,720
- Purchases and services +€2,924
up €2,924 (+33.1%), from €8,833 to €11,757
- Depreciation +€1,398
up €1,398 (+5.4%), from €25,685 to €27,083
- Taxes +€1,070
up €1,070 (+126.8%), from €844 to €1,913
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,531,584 | €1,534,525 | +€2,941 | +0.2% |
| Fixed assets | 21/28 | €1,293,630 | €1,289,859 | -€3,771 | -0.3% |
| Tangible fixed assets | 22/27 | €694,871 | €691,101 | -€3,771 | -0.5% |
| Land and buildings | 22 | €694,871 | €691,101 | -€3,771 | -0.5% |
| Financial fixed assets | 28 | €598,759 | €598,759 | = | 0.0% |
| Current assets | 29/58 | €237,954 | €244,665 | +€6,712 | +2.8% |
| Amounts receivable within one year | 40/41 | €105,771 | €107,399 | +€1,628 | +1.5% |
| Trade receivables | 40 | €5,771 | €7,399 | +€1,628 | +28.2% |
| Other amounts receivable | 41 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €132,183 | €137,267 | +€5,084 | +3.8% |
| Total equity and liabilities | 10/49 | €1,531,584 | €1,534,525 | +€2,941 | +0.2% |
| Equity | 10/15 | €1,528,030 | €1,531,757 | +€3,727 | +0.2% |
| Contributions | 10/11 | €1,524,326 | €1,524,326 | = | 0.0% |
| Capital | 10 | €1,524,326 | €1,524,326 | = | 0.0% |
| Issued capital | 100 | €1,524,326 | €1,524,326 | = | 0.0% |
| Reserves | 13 | €522,799 | €521,180 | -€1,618 | -0.3% |
| Non-distributable reserves | 130/1 | €120,848 | €120,848 | = | 0.0% |
| Legal reserve | 130 | €120,848 | €120,848 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,321 | €3,703 | -€1,618 | -30.4% |
| Distributable reserves | 133 | €396,630 | €396,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€519,095 | -€513,750 | +€5,345 | +1.0% |
| Provisions and deferred taxes | 16 | €2,740 | €1,907 | -€833 | -30.4% |
| Deferred taxes | 168 | €2,740 | €1,907 | -€833 | -30.4% |
| Amounts payable | 17/49 | €814 | €861 | +€47 | +5.8% |
| Amounts payable within one year | 42/48 | €814 | €861 | +€47 | +5.8% |
| Taxes, remuneration and social security | 45 | €814 | €861 | +€47 | +5.8% |
| Taxes | 450/3 | €814 | €861 | +€47 | +5.8% |
| Turnover | 70 | €43,663 | €52,477 | +€8,814 | +20.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,833 | €11,757 | +€2,924 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,685 | €27,083 | +€1,398 | +5.4% |
| Other operating charges | 640/8 | €8,657 | €8,984 | +€326 | +3.8% |
| Gross operating margin | 9900 | €34,830 | €40,720 | +€5,890 | +16.9% |
| Operating profit (loss) | 9901 | €488 | €4,653 | +€4,166 | +854.0% |
| Financial income | 75/76B | €299 | €323 | +€24 | +8.1% |
| Recurring financial income | 75 | €299 | €323 | +€24 | +8.1% |
| Financial charges | 65/66B | €69 | €170 | +€101 | +145.7% |
| Recurring financial charges | 65 | €69 | €170 | +€101 | +145.7% |
| Profit (loss) for the period before taxes | 9903 | €718 | €4,807 | +€4,089 | +569.8% |
| Transfer from deferred taxes | 780 | €833 | €833 | = | 0.0% |
| Income taxes | 67/77 | €844 | €1,913 | +€1,070 | +126.8% |
| Profit (loss) for the period | 9904 | €707 | €3,727 | +€3,020 | +427.0% |
| Transfer from tax-exempt reserves | 789 | €1,618 | €1,618 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,325 | €5,345 | +€3,020 | +129.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.