CoBeZa: 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.
CoBeZa
Largest movements
- Tangible fixed assets -€330,842
down €330,842 (-3.8%), from €8.7m to €8.4m
of which Leasing and similar rights: -€349,062
- Cash +€82,343
up €82,343 (+13.5%), from €608,044 to €690,387
- Receivables within one year +€7,990
up €7,990 (+3.8%), from €212,641 to €220,632
of which Trade receivables: +€7,990
- Deferred charges and accrued income -€1,715
down €1,715 (-55.9%), from €3,068 to €1,353
- Investment grants -€200,640
down €200,640 (-4.1%), from €4.9m to €4.7m
- Debts after one year -€125,362
down €125,362 (-3.6%), from €3.5m to €3.3m
of which Financial debts: -€125,362
- Profit (loss) carried forward +€77,590
up €77,590 (+11.8%), from €659,025 to €736,615
- Trade debts -€49,134
down €49,134 (-46.8%), from €104,881 to €55,747
- Accrued charges and deferred income +€41,565
up €41,565 (+372.9%), from €11,145 to €52,710
- Turnover +€81,368
up €81,368 (+28.6%), from €284,417 to €365,785
- Other operating income -€24,121
down €24,121 (-29.0%), from €83,227 to €59,106
- Services and other goods +€20,102
up €20,102 (+4.3%), from €469,399 to €489,502
- Goods and materials +€19,592
up €19,592 (+14.9%), from €131,531 to €151,123
- Depreciation -€18,665
down €18,665 (-5.5%), from €337,977 to €319,312
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Fixed assets | 21/28 | €8,712,311 | €8,381,469 | -€330,842 | -3.8% |
| Tangible fixed assets | 22/27 | €8,707,063 | €8,376,221 | -€330,842 | -3.8% |
| Land and buildings | 22 | €20,764 | €20,764 | = | 0.0% |
| Plant, machinery and equipment | 23 | €171,070 | €175,704 | +€4,633 | +2.7% |
| Furniture and vehicles | 24 | €37,365 | €50,952 | +€13,587 | +36.4% |
| Leasing and similar rights | 25 | €8,463,644 | €8,114,582 | -€349,062 | -4.1% |
| Assets under construction and advance payments | 27 | €14,219 | €14,219 | = | 0.0% |
| Financial fixed assets | 28 | €5,248 | €5,248 | = | 0.0% |
| Participating interests | 280 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €823,753 | €912,371 | +€88,618 | +10.8% |
| Amounts receivable within one year | 40/41 | €212,641 | €220,632 | +€7,990 | +3.8% |
| Trade receivables | 40 | €212,635 | €220,626 | +€7,990 | +3.8% |
| Other amounts receivable | 41 | €6 | €6 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €608,044 | €690,387 | +€82,343 | +13.5% |
| Deferred charges and accrued income | 490/1 | €3,068 | €1,353 | -€1,715 | -55.9% |
| Total equity and liabilities | 10/49 | €9,536,064 | €9,293,840 | -€242,224 | -2.5% |
| Equity | 10/15 | €5,823,578 | €5,700,528 | -€123,050 | -2.1% |
| Contributions | 10/11 | €221,605 | €221,605 | = | 0.0% |
| Capital | 10 | €221,605 | €221,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | €659,025 | €736,615 | +€77,590 | +11.8% |
| Investment grants | 15 | €4,942,948 | €4,742,308 | -€200,640 | -4.1% |
| Provisions and deferred taxes | 16 | - | €11,640 | +€11,640 | |
| Provisions for liabilities and charges | 160/5 | - | €11,640 | +€11,640 | |
| Major repairs and maintenance | 162 | - | €11,640 | +€11,640 | |
| Amounts payable | 17/49 | €3,712,486 | €3,581,672 | -€130,814 | -3.5% |
| Amounts payable after more than one year | 17 | €3,463,600 | €3,338,238 | -€125,362 | -3.6% |
| Financial debts | 170/4 | €2,716,664 | €2,591,302 | -€125,362 | -4.6% |
| Leasing and similar obligations | 172 | €1,203,625 | €1,189,073 | -€14,552 | -1.2% |
| Credit institutions | 173 | €1,452,040 | €1,345,785 | -€106,254 | -7.3% |
| Other loans | 174 | €61,000 | €56,444 | -€4,556 | -7.5% |
| Other amounts payable | 178/9 | €746,936 | €746,936 | = | 0.0% |
| Amounts payable within one year | 42/48 | €237,741 | €190,724 | -€47,017 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €127,871 | €129,739 | +€1,867 | +1.5% |
| Trade debts | 44 | €104,881 | €55,747 | -€49,134 | -46.8% |
| Taxes, remuneration and social security | 45 | €4,982 | €5,232 | +€250 | +5.0% |
| Taxes | 450/3 | -€200 | -€200 | = | 0.0% |
| Remuneration and social security | 454/9 | €5,182 | €5,432 | +€250 | +4.8% |
| Accrued charges and deferred income | 492/3 | €11,145 | €52,710 | +€41,565 | +372.9% |
| Turnover | 70 | €284,417 | €365,785 | +€81,368 | +28.6% |
| Membership fees, donations, legacies and grants | 73 | €758,417 | €761,634 | +€3,217 | +0.4% |
| Other operating income | 74 | €83,227 | €59,106 | -€24,121 | -29.0% |
| Goods for resale, raw materials and consumables | 60 | €131,531 | €151,123 | +€19,592 | +14.9% |
| Services and other goods | 61 | €469,399 | €489,502 | +€20,102 | +4.3% |
| Remuneration, social security and pensions | 62 | €104,242 | €110,034 | +€5,792 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337,977 | €319,312 | -€18,665 | -5.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €11,640 | +€11,640 | |
| Recurring financial income | 75 | €6,991 | €4,047 | -€2,944 | -42.1% |
| Recurring financial charges | 65 | -€31,098 | -€30,132 | +€966 | +3.1% |
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 12 October 2026 via checked.be.