COBICO IMMO: 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.
COBICO IMMO
Largest movements
- Tangible fixed assets -€13,412
down €13,412 (-6.5%), from €205,338 to €191,926
of which Land and buildings: -€12,383
- Receivables within one year +€10,000
new in 2025: €10,000
- Cash -€4,167
down €4,167 (-5.3%), from €78,886 to €74,719
mainly Debts after one year (-€11,650) and Receivables within one year (-€10,000)
- Reserves +€13,296
up €13,296 (+31.4%), from €42,410 to €55,707
of which Distributable reserves: +€13,296
- Debts after one year -€11,650
down €11,650 (-51.4%), from €22,673 to €11,024
- Trade debts -€9,567
down €9,567 (-99.6%), from €9,601 to €34
- Other operating charges -€8,351
down €8,351 (-44.5%), from €18,778 to €10,427
- Gross operating margin +€6,363
up €6,363 (+18.4%), from €34,580 to €40,943
- Taxes +€2,518
up €2,518, from €0 to €2,518
- Depreciation -€1,399
down €1,399 (-9.4%), from €14,811 to €13,412
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 | €286,606 | €279,083 | -€7,523 | -2.6% |
| Fixed assets | 21/28 | €205,338 | €191,926 | -€13,412 | -6.5% |
| Tangible fixed assets | 22/27 | €205,338 | €191,926 | -€13,412 | -6.5% |
| Land and buildings | 22 | €198,568 | €186,184 | -€12,383 | -6.2% |
| Plant, machinery and equipment | 23 | €6,771 | €5,742 | -€1,028 | -15.2% |
| Current assets | 29/58 | €81,268 | €87,157 | +€5,888 | +7.2% |
| Amounts receivable within one year | 40/41 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €78,886 | €74,719 | -€4,167 | -5.3% |
| Deferred charges and accrued income | 490/1 | €2,382 | €2,437 | +€55 | +2.3% |
| Total equity and liabilities | 10/49 | €286,606 | €279,083 | -€7,523 | -2.6% |
| Equity | 10/15 | €231,410 | €244,707 | +€13,296 | +5.7% |
| Contributions | 10/11 | €189,000 | €189,000 | = | 0.0% |
| Capital | 10 | €189,000 | €189,000 | = | 0.0% |
| Issued capital | 100 | €189,000 | €189,000 | = | 0.0% |
| Reserves | 13 | €42,410 | €55,707 | +€13,296 | +31.4% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Legal reserve | 130 | €2,950 | €2,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,050 | €1,050 | = | 0.0% |
| Distributable reserves | 133 | €38,410 | €51,707 | +€13,296 | +34.6% |
| Amounts payable | 17/49 | €55,196 | €34,376 | -€20,819 | -37.7% |
| Amounts payable after more than one year | 17 | €22,673 | €11,024 | -€11,650 | -51.4% |
| Financial debts | 170/4 | €22,673 | €11,024 | -€11,650 | -51.4% |
| Amounts payable within one year | 42/48 | €32,522 | €23,353 | -€9,170 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €11,270 | €11,650 | +€380 | +3.4% |
| Trade debts | 44 | €9,601 | €34 | -€9,567 | -99.6% |
| Suppliers | 440/4 | €9,601 | €34 | -€9,567 | -99.6% |
| Taxes, remuneration and social security | 45 | €0 | €18 | +€18 | |
| Taxes | 450/3 | €0 | €18 | +€18 | |
| Other amounts payable | 47/48 | €11,651 | €11,651 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,811 | €13,412 | -€1,399 | -9.4% |
| Other operating charges | 640/8 | €18,778 | €10,427 | -€8,351 | -44.5% |
| Gross operating margin | 9900 | €34,580 | €40,943 | +€6,363 | +18.4% |
| Operating profit (loss) | 9901 | €992 | €17,104 | +€16,113 | +1624.7% |
| Financial charges | 65/66B | €1,645 | €1,290 | -€355 | -21.6% |
| Recurring financial charges | 65 | €1,645 | €1,290 | -€355 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€653 | €15,814 | +€16,467 | |
| Income taxes | 67/77 | €0 | €2,518 | +€2,518 | |
| Profit (loss) for the period | 9904 | -€653 | €13,296 | +€13,950 | |
| Profit (loss) for the period to be appropriated | 9905 | -€653 | €13,296 | +€13,950 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.