COBIM: 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.
COBIM
Largest movements
- Tangible fixed assets +€408,959
up €408,959 (+5490.0%), from €7,449 to €416,408
of which Land and buildings: +€392,822
- Receivables within one year -€89,834
down €89,834 (-88.8%), from €101,114 to €11,280
of which Trade receivables: -€89,829
- Cash +€43,532
up €43,532 (+88.4%), from €49,221 to €92,753
mainly Debts after one year (+€348,035) and Receivables within one year (+€89,834)
- Intangible fixed assets -€13,300
down €13,300 (-12.9%), from €103,011 to €89,711
- Debts after one year +€348,035
up €348,035 (+631.4%), from €55,118 to €403,153
- Tax, wage and social debts -€16,169
down €16,169 (-35.9%), from €45,078 to €28,909
of which Taxes: -€15,487
- Current portion of long-term debt +€9,676
up €9,676 (+45.8%), from €21,132 to €30,808
- Other debts -€8,270
down €8,270 (-23.4%), from €35,309 to €27,039
- Profit (loss) carried forward +€8,199
up €8,199 (+10.6%), from €77,167 to €85,366
- Gross operating margin -€54,813
down €54,813 (-38.2%), from €143,627 to €88,814
- Taxes -€17,629
down €17,629 (-66.9%), from €26,348 to €8,719
- Depreciation +€12,102
up €12,102 (+66.9%), from €18,092 to €30,194
- Financial charges +€11,300
up €11,300 (+514.1%), from €2,198 to €13,498
- Other operating charges +€8,245
up €8,245 (+825.8%), from €998 to €9,244
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 | €265,296 | €611,067 | +€345,771 | +130.3% |
| Fixed assets | 21/28 | €110,460 | €506,119 | +€395,659 | +358.2% |
| Intangible fixed assets | 21 | €103,011 | €89,711 | -€13,300 | -12.9% |
| Tangible fixed assets | 22/27 | €7,449 | €416,408 | +€408,959 | +5490.0% |
| Land and buildings | 22 | - | €392,822 | +€392,822 | |
| Plant, machinery and equipment | 23 | €1,062 | €1,727 | +€666 | +62.7% |
| Furniture and vehicles | 24 | €4,011 | €3,332 | -€679 | -16.9% |
| Other tangible fixed assets | 26 | €2,377 | €2,128 | -€249 | -10.5% |
| Assets under construction and advance payments | 27 | - | €16,400 | +€16,400 | |
| Current assets | 29/58 | €154,835 | €104,948 | -€49,887 | -32.2% |
| Amounts receivable within one year | 40/41 | €101,114 | €11,280 | -€89,834 | -88.8% |
| Trade receivables | 40 | €101,109 | €11,280 | -€89,829 | -88.8% |
| Other amounts receivable | 41 | €5 | €0 | -€5 | -100.0% |
| Cash at bank and in hand | 54/58 | €49,221 | €92,753 | +€43,532 | +88.4% |
| Deferred charges and accrued income | 490/1 | €4,501 | €915 | -€3,586 | -79.7% |
| Total equity and liabilities | 10/49 | €265,296 | €611,067 | +€345,771 | +130.3% |
| Equity | 10/15 | €92,667 | €100,866 | +€8,199 | +8.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,167 | €85,366 | +€8,199 | +10.6% |
| Amounts payable | 17/49 | €172,629 | €510,202 | +€337,573 | +195.5% |
| Amounts payable after more than one year | 17 | €55,118 | €403,153 | +€348,035 | +631.4% |
| Financial debts | 170/4 | €55,118 | €403,153 | +€348,035 | +631.4% |
| Amounts payable within one year | 42/48 | €117,511 | €106,283 | -€11,229 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €21,132 | €30,808 | +€9,676 | +45.8% |
| Trade debts | 44 | €15,992 | €19,526 | +€3,534 | +22.1% |
| Suppliers | 440/4 | €15,992 | €19,526 | +€3,534 | +22.1% |
| Taxes, remuneration and social security | 45 | €45,078 | €28,909 | -€16,169 | -35.9% |
| Taxes | 450/3 | €44,396 | €28,909 | -€15,487 | -34.9% |
| Remuneration and social security | 454/9 | €682 | €0 | -€682 | -100.0% |
| Other amounts payable | 47/48 | €35,309 | €27,039 | -€8,270 | -23.4% |
| Accrued charges and deferred income | 492/3 | €0 | €766 | +€766 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €15,292 | €12,616 | -€2,676 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,092 | €30,194 | +€12,102 | +66.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€5,850 | -€5,850 | |
| Other operating charges | 640/8 | €998 | €9,244 | +€8,245 | +825.8% |
| Gross operating margin | 9900 | €143,627 | €88,814 | -€54,813 | -38.2% |
| Operating profit (loss) | 9901 | €109,244 | €42,611 | -€66,634 | -61.0% |
| Financial charges | 65/66B | €2,198 | €13,498 | +€11,300 | +514.1% |
| Recurring financial charges | 65 | €2,198 | €13,498 | +€11,300 | +514.1% |
| Profit (loss) for the period before taxes | 9903 | €107,047 | €29,113 | -€77,934 | -72.8% |
| Income taxes | 67/77 | €26,348 | €8,719 | -€17,629 | -66.9% |
| Profit (loss) for the period | 9904 | €80,699 | €20,394 | -€60,305 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,699 | €20,394 | -€60,305 | -74.7% |
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 5 October 2026 via checked.be.