CoBil: 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.
CoBil
Largest movements
- Tangible fixed assets -€29,897
down €29,897 (-33.2%), from €90,151 to €60,254
of which Assets under construction and advance payments: -€57,395
- Cash +€17,841
up €17,841 (+132.2%), from €13,493 to €31,334
mainly Net result for the year (+€20,961) and Depreciation (+€19,936)
- Deferred charges and accrued income +€1,227
up €1,227 (+91.6%), from €1,339 to €2,566
- Reserves +€20,961
up €20,961 (+29.5%), from €71,144 to €92,105
- Tax, wage and social debts -€19,403
down €19,403 (-97.9%), from €19,827 to €425
- Debts after one year -€12,949
down €12,949 (-97.5%), from €13,285 to €337
of which Financial debts: -€13,285
- Other debts -€1,795
no longer reported in 2025 (was €1,795)
- Current portion of long-term debt +€1,363
up €1,363 (+12.5%), from €10,915 to €12,278
- Depreciation +€8,421
up €8,421 (+73.1%), from €11,515 to €19,936
- Gross operating margin -€6,551
down €6,551 (-11.3%), from €57,897 to €51,346
- Taxes -€4,064
down €4,064 (-31.2%), from €13,036 to €8,972
- Financial charges -€690
down €690 (-51.2%), from €1,347 to €657
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 | €120,874 | €109,744 | -€11,130 | -9.2% |
| Fixed assets | 21/28 | €90,151 | €60,254 | -€29,897 | -33.2% |
| Tangible fixed assets | 22/27 | €90,151 | €60,254 | -€29,897 | -33.2% |
| Furniture and vehicles | 24 | €32,756 | €60,254 | +€27,498 | +83.9% |
| Assets under construction and advance payments | 27 | €57,395 | - | -€57,395 | |
| Current assets | 29/58 | €30,723 | €49,490 | +€18,767 | +61.1% |
| Amounts receivable within one year | 40/41 | €15,892 | €15,591 | -€301 | -1.9% |
| Trade receivables | 40 | €13,219 | €14,562 | +€1,344 | +10.2% |
| Other amounts receivable | 41 | €2,673 | €1,028 | -€1,645 | -61.5% |
| Cash at bank and in hand | 54/58 | €13,493 | €31,334 | +€17,841 | +132.2% |
| Deferred charges and accrued income | 490/1 | €1,339 | €2,566 | +€1,227 | +91.6% |
| Total equity and liabilities | 10/49 | €120,874 | €109,744 | -€11,130 | -9.2% |
| Equity | 10/15 | €74,144 | €95,105 | +€20,961 | +28.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €71,144 | €92,105 | +€20,961 | +29.5% |
| Distributable reserves | 133 | €71,144 | €92,105 | +€20,961 | +29.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €46,730 | €14,639 | -€32,091 | -68.7% |
| Amounts payable after more than one year | 17 | €13,285 | €337 | -€12,949 | -97.5% |
| Financial debts | 170/4 | €13,285 | - | -€13,285 | |
| Other amounts payable | 178/9 | - | €337 | +€337 | |
| Amounts payable within one year | 42/48 | €33,251 | €14,109 | -€19,142 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | €10,915 | €12,278 | +€1,363 | +12.5% |
| Trade debts | 44 | €713 | €1,406 | +€693 | +97.1% |
| Suppliers | 440/4 | €713 | €1,406 | +€693 | +97.1% |
| Taxes, remuneration and social security | 45 | €19,827 | €425 | -€19,403 | -97.9% |
| Taxes | 450/3 | €19,827 | €425 | -€19,403 | -97.9% |
| Other amounts payable | 47/48 | €1,795 | - | -€1,795 | |
| Accrued charges and deferred income | 492/3 | €194 | €194 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,515 | €19,936 | +€8,421 | +73.1% |
| Other operating charges | 640/8 | €548 | €821 | +€273 | +49.9% |
| Gross operating margin | 9900 | €57,897 | €51,346 | -€6,551 | -11.3% |
| Operating profit (loss) | 9901 | €45,834 | €30,589 | -€15,245 | -33.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,347 | €657 | -€690 | -51.2% |
| Recurring financial charges | 65 | €1,347 | €657 | -€690 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €44,488 | €29,932 | -€14,556 | -32.7% |
| Income taxes | 67/77 | €13,036 | €8,972 | -€4,064 | -31.2% |
| Profit (loss) for the period | 9904 | €31,452 | €20,961 | -€10,491 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,452 | €20,961 | -€10,491 | -33.4% |
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 8 October 2026 via checked.be.