Cobhouse: 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.
Cobhouse
Largest movements
- Cash +€47,614
up €47,614 (+1,970%), from €2,416 to €50,031
mainly Net result for the year (+€74,119) and Advances received (+€68,257)
- Tangible fixed assets +€8,097
up €8,097 (+11.5%), from €70,529 to €78,626
of which Other tangible fixed assets: +€21,413
- Receivables within one year -€4,336
down €4,336 (-9.6%), from €44,978 to €40,642
of which Trade receivables: -€9,314
- Debts after one year -€70,433
down €70,433 (-23.4%), from €300,918 to €230,486
- Advances received +€68,257
up €68,257 (+132%), from €51,563 to €119,820
- Profit (loss) carried forward +€46,100
no longer reported in 2025 (was -€46,100)
- Tax, wage and social debts +€7,937
up €7,937 (+602%), from €1,317 to €9,254
- Accrued charges and deferred income -€5,221
down €5,221 (-19.6%), from €26,608 to €21,387
- Gross operating margin +€39,337
up €39,337 (+70.4%), from €55,868 to €95,206
- Depreciation +€6,488
up €6,488 (+67.6%), from €9,594 to €16,081
- Financial charges -€5,185
down €5,185 (-36.6%), from €14,152 to €8,967
- Financial income +€5,150
up €5,150 (+16,611%), from €31 to €5,181
of which Non-recurring financial income: +€5,181
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 | €368,178 | €419,857 | +€51,680 | +14.0% |
| Fixed assets | 21/28 | €320,529 | €328,626 | +€8,097 | +2.5% |
| Tangible fixed assets | 22/27 | €70,529 | €78,626 | +€8,097 | +11.5% |
| Plant, machinery and equipment | 23 | €5,075 | €5,796 | +€722 | +14.2% |
| Furniture and vehicles | 24 | €65,454 | €51,417 | -€14,038 | -21.4% |
| Other tangible fixed assets | 26 | - | €21,413 | +€21,413 | |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €47,649 | €91,231 | +€43,582 | +91.5% |
| Amounts receivable within one year | 40/41 | €44,978 | €40,642 | -€4,336 | -9.6% |
| Trade receivables | 40 | €17,423 | €8,109 | -€9,314 | -53.5% |
| Other amounts receivable | 41 | €27,555 | €32,533 | +€4,978 | +18.1% |
| Cash at bank and in hand | 54/58 | €2,416 | €50,031 | +€47,614 | +1,970% |
| Deferred charges and accrued income | 490/1 | €254 | €558 | +€304 | +120% |
| Total equity and liabilities | 10/49 | €368,178 | €419,857 | +€51,680 | +14.0% |
| Equity | 10/15 | -€38,040 | €11,078 | +€49,119 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €4,878 | +€3,018 | +162% |
| Distributable reserves | 133 | €1,860 | €4,878 | +€3,018 | +162% |
| Profit (loss) carried forward | 14 | -€46,100 | - | +€46,100 | |
| Amounts payable | 17/49 | €406,218 | €408,779 | +€2,561 | +0.6% |
| Amounts payable after more than one year | 17 | €300,918 | €230,486 | -€70,433 | -23.4% |
| Other amounts payable | 178/9 | €300,918 | €230,486 | -€70,433 | -23.4% |
| Amounts payable within one year | 42/48 | €78,691 | €156,906 | +€78,214 | +99.4% |
| Trade debts | 44 | €811 | €1,602 | +€791 | +97.5% |
| Suppliers | 440/4 | €811 | €1,602 | +€791 | +97.5% |
| Advances received on contracts in progress | 46 | €51,563 | €119,820 | +€68,257 | +132% |
| Taxes, remuneration and social security | 45 | €1,317 | €9,254 | +€7,937 | +602% |
| Taxes | 450/3 | €1,317 | €9,254 | +€7,937 | +602% |
| Other amounts payable | 47/48 | €25,000 | €26,230 | +€1,230 | +4.9% |
| Accrued charges and deferred income | 492/3 | €26,608 | €21,387 | -€5,221 | -19.6% |
| Non-recurring operating income | 76A | - | €11,229 | +€11,229 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,594 | €16,081 | +€6,488 | +67.6% |
| Other operating charges | 640/8 | €1,064 | €1,219 | +€155 | +14.5% |
| Non-recurring operating charges | 66A | €5,166 | - | -€5,166 | |
| Gross operating margin | 9900 | €55,868 | €95,206 | +€39,337 | +70.4% |
| Operating profit (loss) | 9901 | €40,044 | €77,905 | +€37,861 | +94.5% |
| Financial income | 75/76B | €31 | €5,181 | +€5,150 | +16,611% |
| Recurring financial income | 75 | €31 | €5,181 | +€5,150 | +16,611% |
| Non-recurring financial income | 76B | - | €5,181 | +€5,181 | |
| Financial charges | 65/66B | €14,152 | €8,967 | -€5,185 | -36.6% |
| Recurring financial charges | 65 | €14,152 | €8,967 | -€5,185 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €25,923 | €74,119 | +€48,196 | +186% |
| Income taxes | 67/77 | €250 | - | -€250 | |
| Profit (loss) for the period | 9904 | €25,673 | €74,119 | +€48,446 | +189% |
| Profit (loss) for the period to be appropriated | 9905 | €25,673 | €74,119 | +€48,446 | +189% |
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 1 November 2026 via checked.be.