COBERGH PROJECTS: 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.
COBERGH PROJECTS
Largest movements
- Cash +€448,251
up €448,251 (+1835.4%), from €24,423 to €472,674
mainly Other debts (+€1.0m) and Trade debts (+€219,229)
- Receivables within one year +€57,740
up €57,740 (+920.2%), from €6,275 to €64,015
of which Trade receivables: +€64,015
- Other debts +€1.0m
up €1.0m (+4349.9%), from €23,550 to €1.0m
- Short-term financial debts -€838,638
no longer reported in 2025 (was €838,638)
of which Other loans: -€533,363
- Trade debts +€219,229
up €219,229 (+20322.7%), from €1,079 to €220,308
- Profit (loss) carried forward +€38,775
up €38,775 (+89.2%), from €43,466 to €82,241
- Tax, wage and social debts +€34,372
up €34,372 (+794.4%), from €4,327 to €38,699
- Gross operating margin +€92,262
up €92,262, from -€8,183 to €84,080
- Financial charges +€29,015
up €29,015 (+370.4%), from €7,834 to €36,849
- Taxes +€8,068
new in 2025: €8,068
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 | €933,059 | €1,435,174 | +€502,115 | +53.8% |
| Current assets | 29/58 | €933,059 | €1,435,174 | +€502,115 | +53.8% |
| Stocks and contracts in progress | 3 | €902,362 | €898,485 | -€3,877 | -0.4% |
| Stocks | 30/36 | €902,362 | €898,485 | -€3,877 | -0.4% |
| Amounts receivable within one year | 40/41 | €6,275 | €64,015 | +€57,740 | +920.2% |
| Trade receivables | 40 | - | €64,015 | +€64,015 | |
| Other amounts receivable | 41 | €6,275 | - | -€6,275 | |
| Cash at bank and in hand | 54/58 | €24,423 | €472,674 | +€448,251 | +1835.4% |
| Total equity and liabilities | 10/49 | €933,059 | €1,435,174 | +€502,115 | +53.8% |
| Equity | 10/15 | €65,466 | €104,241 | +€38,775 | +59.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,466 | €82,241 | +€38,775 | +89.2% |
| Amounts payable | 17/49 | €867,593 | €1,330,932 | +€463,339 | +53.4% |
| Amounts payable within one year | 42/48 | €867,593 | €1,306,932 | +€439,339 | +50.6% |
| Financial debts | 43 | €838,638 | - | -€838,638 | |
| Credit institutions | 430/8 | €305,275 | - | -€305,275 | |
| Other loans | 439 | €533,363 | - | -€533,363 | |
| Trade debts | 44 | €1,079 | €220,308 | +€219,229 | +20322.7% |
| Suppliers | 440/4 | €1,079 | €220,308 | +€219,229 | +20322.7% |
| Taxes, remuneration and social security | 45 | €4,327 | €38,699 | +€34,372 | +794.4% |
| Taxes | 450/3 | €4,327 | €38,699 | +€34,372 | +794.4% |
| Other amounts payable | 47/48 | €23,550 | €1,047,926 | +€1.0m | +4349.9% |
| Accrued charges and deferred income | 492/3 | - | €24,000 | +€24,000 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€8,183 | €84,080 | +€92,262 | |
| Operating profit (loss) | 9901 | -€8,567 | €83,693 | +€92,260 | |
| Financial charges | 65/66B | €7,834 | €36,849 | +€29,015 | +370.4% |
| Recurring financial charges | 65 | €7,834 | €36,849 | +€29,015 | +370.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,401 | €46,843 | +€63,244 | |
| Income taxes | 67/77 | - | €8,068 | +€8,068 | |
| Profit (loss) for the period | 9904 | -€16,401 | €38,775 | +€55,176 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,401 | €38,775 | +€55,176 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.