COBEVAL: 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.
COBEVAL
Largest movements
- Receivables within one year -€150,755
down €150,755 (-87.4%), from €172,486 to €21,731
of which Other amounts receivable: -€150,755
- Other debts -€185,267
down €185,267 (-17.5%), from €1.1m to €872,559
- Trade debts +€24,000
new in 2025: €24,000
- Financial charges -€32,845
down €32,845 (-59.2%), from €55,491 to €22,646
- Financial income -€13,728
down €13,728 (-62.7%), from €21,908 to €8,181
- Gross operating margin -€793
down €793 (-2.6%), from €30,167 to €29,373
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 | €2,127,486 | €1,980,118 | -€147,368 | -6.9% |
| Fixed assets | 21/28 | €830,526 | €830,526 | = | 0.0% |
| Financial fixed assets | 28 | €830,526 | €830,526 | = | 0.0% |
| Current assets | 29/58 | €1,296,960 | €1,149,592 | -€147,368 | -11.4% |
| Amounts receivable after more than one year | 29 | €600,000 | €600,000 | = | 0.0% |
| Other amounts receivable | 291 | €600,000 | €600,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €54,150 | €54,150 | = | 0.0% |
| Stocks | 30/36 | €54,150 | €54,150 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €172,486 | €21,731 | -€150,755 | -87.4% |
| Trade receivables | 40 | €21,731 | €21,731 | = | 0.0% |
| Other amounts receivable | 41 | €150,755 | - | -€150,755 | |
| Cash at bank and in hand | 54/58 | €6,082 | €1,289 | -€4,793 | -78.8% |
| Deferred charges and accrued income | 490/1 | €464,242 | €472,422 | +€8,181 | +1.8% |
| Total equity and liabilities | 10/49 | €2,127,486 | €1,980,118 | -€147,368 | -6.9% |
| Equity | 10/15 | €1,066,897 | €1,080,806 | +€13,910 | +1.3% |
| Contributions | 10/11 | €1,269,994 | €1,269,994 | = | 0.0% |
| Capital | 10 | €1,269,994 | €1,269,994 | = | 0.0% |
| Issued capital | 100 | €1,269,994 | €1,269,994 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€203,097 | -€189,188 | +€13,910 | +6.8% |
| Amounts payable | 17/49 | €1,060,589 | €899,312 | -€161,277 | -15.2% |
| Amounts payable within one year | 42/48 | €1,060,589 | €899,312 | -€161,277 | -15.2% |
| Trade debts | 44 | - | €24,000 | +€24,000 | |
| Suppliers | 440/4 | - | €24,000 | +€24,000 | |
| Taxes, remuneration and social security | 45 | €2,763 | €2,753 | -€10 | -0.4% |
| Taxes | 450/3 | €2,763 | €2,753 | -€10 | -0.4% |
| Other amounts payable | 47/48 | €1,057,826 | €872,559 | -€185,267 | -17.5% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €30,167 | €29,373 | -€793 | -2.6% |
| Operating profit (loss) | 9901 | €29,199 | €28,375 | -€824 | -2.8% |
| Financial income | 75/76B | €21,908 | €8,181 | -€13,728 | -62.7% |
| Recurring financial income | 75 | €21,908 | €8,181 | -€13,728 | -62.7% |
| Financial charges | 65/66B | €55,491 | €22,646 | -€32,845 | -59.2% |
| Recurring financial charges | 65 | €55,491 | €22,646 | -€32,845 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,383 | €13,910 | +€18,293 | |
| Profit (loss) for the period | 9904 | -€4,383 | €13,910 | +€18,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,383 | €13,910 | +€18,293 |
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 29 September 2026 via checked.be.