COBERCINE: 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.
COBERCINE
Largest movements
- Receivables within one year -€10,919
down €10,919 (-14.8%), from €73,689 to €62,770
of which Trade receivables: -€12,070
- Tangible fixed assets +€4,095
up €4,095 (+5.6%), from €73,487 to €77,581
of which Plant, machinery and equipment: +€4,541
- Profit (loss) carried forward -€43,178
down €43,178 (-10.8%), from -€400,392 to -€443,570
- Accrued charges and deferred income +€22,356
new in 2025: €22,356
- Other debts +€15,273
up €15,273 (+3.5%), from €431,853 to €447,126
- Financial charges +€20,880
up €20,880 (+345.9%), from €6,037 to €26,917
- Other operating charges -€9,809
down €9,809 (-72.8%), from €13,472 to €3,663
- Gross operating margin -€5,859
down €5,859 (-98.7%), from €5,935 to €77
- Depreciation +€265
up €265 (+2.1%), from €12,410 to €12,675
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 | €147,314 | €140,490 | -€6,824 | -4.6% |
| Fixed assets | 21/28 | €73,487 | €77,581 | +€4,095 | +5.6% |
| Tangible fixed assets | 22/27 | €73,487 | €77,581 | +€4,095 | +5.6% |
| Land and buildings | 22 | €34,705 | €34,705 | = | 0.0% |
| Plant, machinery and equipment | 23 | €38,336 | €42,876 | +€4,541 | +11.8% |
| Furniture and vehicles | 24 | €446 | - | -€446 | |
| Current assets | 29/58 | €73,828 | €62,909 | -€10,919 | -14.8% |
| Amounts receivable within one year | 40/41 | €73,689 | €62,770 | -€10,919 | -14.8% |
| Trade receivables | 40 | €61,738 | €49,668 | -€12,070 | -19.6% |
| Other amounts receivable | 41 | €11,951 | €13,102 | +€1,151 | +9.6% |
| Cash at bank and in hand | 54/58 | €139 | €139 | = | 0.0% |
| Total equity and liabilities | 10/49 | €147,314 | €140,490 | -€6,824 | -4.6% |
| Equity | 10/15 | -€324,732 | -€367,910 | -€43,178 | -13.3% |
| Contributions | 10/11 | €69,410 | €69,410 | = | 0.0% |
| Capital | 10 | €69,410 | €69,410 | = | 0.0% |
| Issued capital | 100 | €69,410 | €69,410 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€400,392 | -€443,570 | -€43,178 | -10.8% |
| Amounts payable | 17/49 | €472,046 | €508,400 | +€36,354 | +7.7% |
| Amounts payable within one year | 42/48 | €472,046 | €486,044 | +€13,998 | +3.0% |
| Financial debts | 43 | €31,652 | €30,644 | -€1,008 | -3.2% |
| Credit institutions | 430/8 | €31,652 | €30,644 | -€1,008 | -3.2% |
| Trade debts | 44 | €8,541 | €8,274 | -€267 | -3.1% |
| Suppliers | 440/4 | €8,541 | €8,274 | -€267 | -3.1% |
| Other amounts payable | 47/48 | €431,853 | €447,126 | +€15,273 | +3.5% |
| Accrued charges and deferred income | 492/3 | - | €22,356 | +€22,356 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,410 | €12,675 | +€265 | +2.1% |
| Other operating charges | 640/8 | €13,472 | €3,663 | -€9,809 | -72.8% |
| Gross operating margin | 9900 | €5,935 | €77 | -€5,859 | -98.7% |
| Operating profit (loss) | 9901 | -€19,946 | -€16,261 | +€3,685 | +18.5% |
| Financial charges | 65/66B | €6,037 | €26,917 | +€20,880 | +345.9% |
| Recurring financial charges | 65 | €6,037 | €26,917 | +€20,880 | +345.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,984 | -€43,178 | -€17,195 | -66.2% |
| Profit (loss) for the period | 9904 | -€25,984 | -€43,178 | -€17,195 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,984 | -€43,178 | -€17,195 | -66.2% |
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 7 October 2026 via checked.be.