Cobet: 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.
Cobet
Largest movements
- Receivables within one year -€20,886
down €20,886 (-55.0%), from €37,970 to €17,084
of which Trade receivables: -€24,756
- Intangible fixed assets +€12,312
new in 2025: €12,312
- Tangible fixed assets +€10,697
up €10,697 (+32.7%), from €32,698 to €43,395
of which Other tangible fixed assets: +€21,564
- Cash -€3,433
down €3,433 (-4.3%), from €80,461 to €77,028
mainly Investment in fixed assets (net) (-€34,607) and Debts after one year (-€9,675)
- Trade debts +€12,862
up €12,862 (+585.0%), from €2,199 to €15,061
- Debts after one year -€9,675
down €9,675 (-47.4%), from €20,399 to €10,724
- Tax, wage and social debts -€7,282
down €7,282 (-90.6%), from €8,042 to €760
- Short-term financial debts +€1,965
up €1,965 (+311.0%), from €632 to €2,596
- Gross operating margin -€34,926
down €34,926 (-69.4%), from €50,320 to €15,393
- Taxes -€6,998
down €6,998 (-90.2%), from €7,758 to €760
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 | €152,484 | €151,109 | -€1,374 | -0.9% |
| Fixed assets | 21/28 | €32,698 | €55,707 | +€23,009 | +70.4% |
| Intangible fixed assets | 21 | - | €12,312 | +€12,312 | |
| Tangible fixed assets | 22/27 | €32,698 | €43,395 | +€10,697 | +32.7% |
| Plant, machinery and equipment | 23 | €1,593 | €1,062 | -€531 | -33.3% |
| Furniture and vehicles | 24 | €1,241 | €392 | -€849 | -68.4% |
| Leasing and similar rights | 25 | €29,865 | €20,378 | -€9,487 | -31.8% |
| Other tangible fixed assets | 26 | - | €21,564 | +€21,564 | |
| Current assets | 29/58 | €119,785 | €95,402 | -€24,383 | -20.4% |
| Amounts receivable within one year | 40/41 | €37,970 | €17,084 | -€20,886 | -55.0% |
| Trade receivables | 40 | €33,396 | €8,640 | -€24,756 | -74.1% |
| Other amounts receivable | 41 | €4,574 | €8,444 | +€3,870 | +84.6% |
| Cash at bank and in hand | 54/58 | €80,461 | €77,028 | -€3,433 | -4.3% |
| Deferred charges and accrued income | 490/1 | €1,354 | €1,290 | -€64 | -4.7% |
| Total equity and liabilities | 10/49 | €152,484 | €151,109 | -€1,374 | -0.9% |
| Equity | 10/15 | €111,747 | €111,744 | -€3 | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,247 | €109,244 | -€3 | 0.0% |
| Amounts payable | 17/49 | €40,737 | €39,365 | -€1,371 | -3.4% |
| Amounts payable after more than one year | 17 | €20,399 | €10,724 | -€9,675 | -47.4% |
| Financial debts | 170/4 | €20,399 | €10,724 | -€9,675 | -47.4% |
| Amounts payable within one year | 42/48 | €20,337 | €28,093 | +€7,755 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €9,465 | €9,675 | +€210 | +2.2% |
| Financial debts | 43 | €632 | €2,596 | +€1,965 | +311.0% |
| Credit institutions | 430/8 | €632 | €2,596 | +€1,965 | +311.0% |
| Trade debts | 44 | €2,199 | €15,061 | +€12,862 | +585.0% |
| Suppliers | 440/4 | €2,199 | €15,061 | +€12,862 | +585.0% |
| Taxes, remuneration and social security | 45 | €8,042 | €760 | -€7,282 | -90.6% |
| Taxes | 450/3 | €8,042 | €760 | -€7,282 | -90.6% |
| Accrued charges and deferred income | 492/3 | €0 | €549 | +€549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,587 | €11,599 | +€12 | +0.1% |
| Other operating charges | 640/8 | €1,879 | €1,663 | -€215 | -11.5% |
| Gross operating margin | 9900 | €50,320 | €15,393 | -€34,926 | -69.4% |
| Operating profit (loss) | 9901 | €36,854 | €2,132 | -€34,723 | -94.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €1,649 | €1,375 | -€273 | -16.6% |
| Recurring financial charges | 65 | €1,649 | €1,375 | -€273 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €35,206 | €757 | -€34,449 | -97.9% |
| Income taxes | 67/77 | €7,758 | €760 | -€6,998 | -90.2% |
| Profit (loss) for the period | 9904 | €27,448 | -€3 | -€27,451 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,448 | -€3 | -€27,451 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.