COBI MANAGEMENT: 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.
COBI MANAGEMENT
Largest movements
- Receivables within one year +€37,843
up €37,843 (+27.6%), from €137,126 to €174,970
of which Other amounts receivable: +€23,340
- Tangible fixed assets -€4,860
down €4,860 (-2.3%), from €211,409 to €206,549
of which Land and buildings: -€2,836
- Reserves +€85,891
up €85,891 (+51.5%), from €166,937 to €252,828
- Other debts -€50,000
no longer reported in 2024 (was €50,000)
- Debts after one year -€14,611
down €14,611 (-10.5%), from €138,998 to €124,386
- Tax, wage and social debts +€8,251
up €8,251 (+100.9%), from €8,174 to €16,425
- Write-downs +€5,150
new in 2024: €5,150
- Gross operating margin +€4,171
up €4,171 (+3.6%), from €115,093 to €119,264
- Financial income +€3,668
up €3,668 (+67.6%), from €5,424 to €9,092
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €404,657 | €435,346 | +€30,689 | +7.6% |
| Fixed assets | 21/28 | €211,559 | €206,699 | -€4,860 | -2.3% |
| Tangible fixed assets | 22/27 | €211,409 | €206,549 | -€4,860 | -2.3% |
| Land and buildings | 22 | €204,665 | €201,828 | -€2,836 | -1.4% |
| Furniture and vehicles | 24 | €6,744 | €4,721 | -€2,024 | -30.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €193,098 | €228,647 | +€35,549 | +18.4% |
| Amounts receivable within one year | 40/41 | €137,126 | €174,970 | +€37,843 | +27.6% |
| Trade receivables | 40 | €4,582 | €19,085 | +€14,503 | +316.5% |
| Other amounts receivable | 41 | €132,544 | €155,884 | +€23,340 | +17.6% |
| Current investments | 50/53 | €5,710 | €5,710 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,059 | €45,464 | -€1,595 | -3.4% |
| Deferred charges and accrued income | 490/1 | €3,203 | €2,503 | -€700 | -21.8% |
| Total equity and liabilities | 10/49 | €404,657 | €435,346 | +€30,689 | +7.6% |
| Equity | 10/15 | €185,487 | €271,378 | +€85,891 | +46.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €166,937 | €252,828 | +€85,891 | +51.5% |
| Distributable reserves | 133 | €166,937 | €252,828 | +€85,891 | +51.5% |
| Amounts payable | 17/49 | €219,170 | €163,968 | -€55,202 | -25.2% |
| Amounts payable after more than one year | 17 | €138,998 | €124,386 | -€14,611 | -10.5% |
| Financial debts | 170/4 | €138,998 | €124,386 | -€14,611 | -10.5% |
| Amounts payable within one year | 42/48 | €80,172 | €37,865 | -€42,307 | -52.8% |
| Financial debts | 43 | €14,462 | €14,611 | +€149 | +1.0% |
| Credit institutions | 430/8 | €14,462 | €14,611 | +€149 | +1.0% |
| Trade debts | 44 | €7,536 | €6,829 | -€707 | -9.4% |
| Suppliers | 440/4 | €7,536 | €6,829 | -€707 | -9.4% |
| Taxes, remuneration and social security | 45 | €8,174 | €16,425 | +€8,251 | +100.9% |
| Taxes | 450/3 | €8,174 | €16,425 | +€8,251 | +100.9% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,717 | +€1,717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,646 | €4,860 | +€214 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,150 | +€5,150 | |
| Other operating charges | 640/8 | €2,131 | €1,903 | -€228 | -10.7% |
| Gross operating margin | 9900 | €115,093 | €119,264 | +€4,171 | +3.6% |
| Operating profit (loss) | 9901 | €108,316 | €107,351 | -€965 | -0.9% |
| Financial income | 75/76B | €5,424 | €9,092 | +€3,668 | +67.6% |
| Recurring financial income | 75 | €5,424 | €9,092 | +€3,668 | +67.6% |
| Financial charges | 65/66B | €4,376 | €4,072 | -€305 | -7.0% |
| Recurring financial charges | 65 | €4,376 | €4,072 | -€305 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €109,364 | €112,372 | +€3,008 | +2.8% |
| Income taxes | 67/77 | €25,506 | €26,482 | +€975 | +3.8% |
| Profit (loss) for the period | 9904 | €83,858 | €85,891 | +€2,033 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,858 | €85,891 | +€2,033 | +2.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.