COBESEL GROUP: 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.
COBESEL GROUP
Largest movements
- Receivables within one year +€31,549
up €31,549 (+70.7%), from €44,624 to €76,173
of which Other amounts receivable: +€19,584
- Cash +€5,411
up €5,411 (+141%), from €3,835 to €9,246
mainly Net result for the year (+€28,131) and Tax, wage and social debts (+€9,047)
- Profit (loss) carried forward +€28,131
up €28,131 (+154%), from €18,277 to €46,408
- Tax, wage and social debts +€9,047
up €9,047 (+81.9%), from €11,046 to €20,093
of which Taxes: +€7,139
- Gross operating margin +€21,916
up €21,916 (+59.2%), from €37,009 to €58,925
- Other operating charges +€6,534
up €6,534 (+41.6%), from €15,700 to €22,235
- Taxes +€3,415
up €3,415 (+82.9%), from €4,121 to €7,535
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 | €48,459 | €85,693 | +€37,235 | +76.8% |
| Current assets | 29/58 | €48,459 | €85,693 | +€37,235 | +76.8% |
| Amounts receivable within one year | 40/41 | €44,624 | €76,173 | +€31,549 | +70.7% |
| Trade receivables | 40 | €3,058 | €15,023 | +€11,965 | +391% |
| Other amounts receivable | 41 | €41,566 | €61,150 | +€19,584 | +47.1% |
| Cash at bank and in hand | 54/58 | €3,835 | €9,246 | +€5,411 | +141% |
| Deferred charges and accrued income | 490/1 | - | €274 | +€274 | |
| Total equity and liabilities | 10/49 | €48,459 | €85,693 | +€37,235 | +76.8% |
| Equity | 10/15 | €35,277 | €63,408 | +€28,131 | +79.7% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,277 | €46,408 | +€28,131 | +154% |
| Amounts payable | 17/49 | €13,182 | €22,286 | +€9,104 | +69.1% |
| Amounts payable within one year | 42/48 | €13,182 | €22,286 | +€9,104 | +69.1% |
| Trade debts | 44 | €2,136 | €2,192 | +€56 | +2.6% |
| Suppliers | 440/4 | €2,136 | €2,192 | +€56 | +2.6% |
| Taxes, remuneration and social security | 45 | €11,046 | €20,093 | +€9,047 | +81.9% |
| Taxes | 450/3 | €11,046 | €18,185 | +€7,139 | +64.6% |
| Remuneration and social security | 454/9 | - | €1,908 | +€1,908 | |
| Other operating charges | 640/8 | €15,700 | €22,235 | +€6,534 | +41.6% |
| Gross operating margin | 9900 | €37,009 | €58,925 | +€21,916 | +59.2% |
| Operating profit (loss) | 9901 | €21,309 | €36,690 | +€15,381 | +72.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,055 | €1,024 | -€31 | -2.9% |
| Recurring financial charges | 65 | €1,055 | €1,024 | -€31 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €20,254 | €35,666 | +€15,412 | +76.1% |
| Income taxes | 67/77 | €4,121 | €7,535 | +€3,415 | +82.9% |
| Profit (loss) for the period | 9904 | €16,134 | €28,131 | +€11,997 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,134 | €28,131 | +€11,997 | +74.4% |
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 23 October 2026 via checked.be.