COBIMO: 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.
COBIMO
Largest movements
- Stocks and contracts -€190,595
down €190,595 (-11.3%), from €1.7m to €1.5m
- Tangible fixed assets +€84,943
up €84,943 (+35.4%), from €239,868 to €324,810
of which Other tangible fixed assets: +€91,894
- Cash -€71,459
down €71,459 (-63.0%), from €113,497 to €42,039
mainly Other debts (-€143,984) and Investment in fixed assets (net) (-€140,338)
- Receivables within one year +€41,006
up €41,006 (+66.4%), from €61,719 to €102,725
of which Trade receivables: +€50,963
- Debts after one year +€160,472
up €160,472 (+781.1%), from €20,543 to €181,015
- Other debts -€143,984
down €143,984 (-29.3%), from €490,679 to €346,695
- Tax, wage and social debts -€114,221
down €114,221 (-70.5%), from €162,018 to €47,796
of which Taxes: -€74,255
- Profit (loss) carried forward -€96,933
down €96,933 (-22.1%), from €437,971 to €341,038
- Short-term financial debts +€83,570
up €83,570 (+48.7%), from €171,657 to €255,227
- Gross operating margin -€260,163
down €260,163 (-47.4%), from €549,251 to €289,088
- Taxes -€45,836
down €45,836, from €45,416 to -€420
- Staff costs -€20,648
down €20,648 (-6.9%), from €297,774 to €277,127
- Depreciation +€6,155
up €6,155 (+12.5%), from €49,241 to €55,395
- Financial charges +€5,747
up €5,747 (+12.5%), from €45,893 to €51,640
of which Financial charges: +€5,780
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,919,358 | €2,774,308 | -€145,050 | -5.0% |
| Fixed assets | 21/28 | €973,368 | €1,058,310 | +€84,943 | +8.7% |
| Tangible fixed assets | 22/27 | €239,868 | €324,810 | +€84,943 | +35.4% |
| Plant, machinery and equipment | 23 | €11,099 | €8,147 | -€2,952 | -26.6% |
| Furniture and vehicles | 24 | €6,343 | €2,344 | -€3,999 | -63.1% |
| Other tangible fixed assets | 26 | €222,425 | €314,320 | +€91,894 | +41.3% |
| Financial fixed assets | 28 | €733,500 | €733,500 | = | 0.0% |
| Current assets | 29/58 | €1,945,990 | €1,715,998 | -€229,993 | -11.8% |
| Stocks and contracts in progress | 3 | €1,684,413 | €1,493,819 | -€190,595 | -11.3% |
| Stocks | 30/36 | €1,684,413 | €1,493,819 | -€190,595 | -11.3% |
| Amounts receivable within one year | 40/41 | €61,719 | €102,725 | +€41,006 | +66.4% |
| Trade receivables | 40 | €1,874 | €52,837 | +€50,963 | +2719.2% |
| Other amounts receivable | 41 | €59,845 | €49,888 | -€9,957 | -16.6% |
| Cash at bank and in hand | 54/58 | €113,497 | €42,039 | -€71,459 | -63.0% |
| Deferred charges and accrued income | 490/1 | €86,361 | €77,416 | -€8,945 | -10.4% |
| Total equity and liabilities | 10/49 | €2,919,358 | €2,774,308 | -€145,050 | -5.0% |
| Equity | 10/15 | €1,104,757 | €1,007,824 | -€96,933 | -8.8% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €542,786 | €542,786 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €530,386 | €530,386 | = | 0.0% |
| Profit (loss) carried forward | 14 | €437,971 | €341,038 | -€96,933 | -22.1% |
| Amounts payable | 17/49 | €1,814,601 | €1,766,484 | -€48,117 | -2.7% |
| Amounts payable after more than one year | 17 | €20,543 | €181,015 | +€160,472 | +781.1% |
| Financial debts | 170/4 | €20,543 | €181,015 | +€160,472 | +781.1% |
| Amounts payable within one year | 42/48 | €1,794,058 | €1,585,470 | -€208,589 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €66,089 | €52,016 | -€14,073 | -21.3% |
| Financial debts | 43 | €171,657 | €255,227 | +€83,570 | +48.7% |
| Credit institutions | 430/8 | €171,657 | €255,227 | +€83,570 | +48.7% |
| Trade debts | 44 | €903,616 | €883,735 | -€19,881 | -2.2% |
| Suppliers | 440/4 | €903,616 | €883,735 | -€19,881 | -2.2% |
| Taxes, remuneration and social security | 45 | €162,018 | €47,796 | -€114,221 | -70.5% |
| Taxes | 450/3 | €94,428 | €20,173 | -€74,255 | -78.6% |
| Remuneration and social security | 454/9 | €67,589 | €27,623 | -€39,966 | -59.1% |
| Other amounts payable | 47/48 | €490,679 | €346,695 | -€143,984 | -29.3% |
| Remuneration, social security and pensions | 62 | €297,774 | €277,127 | -€20,648 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,241 | €55,395 | +€6,155 | +12.5% |
| Other operating charges | 640/8 | €7,457 | €4,547 | -€2,910 | -39.0% |
| Non-recurring operating charges | 66A | €2,356 | - | -€2,356 | |
| Gross operating margin | 9900 | €549,251 | €289,088 | -€260,163 | -47.4% |
| Operating profit (loss) | 9901 | €192,423 | -€47,981 | -€240,404 | |
| Financial income | 75/76B | €1,781 | €2,268 | +€487 | +27.3% |
| Recurring financial income | 75 | €1,781 | €2,268 | +€487 | +27.3% |
| Financial charges | 65/66B | €45,893 | €51,640 | +€5,747 | +12.5% |
| Recurring financial charges | 65 | €45,859 | €51,640 | +€5,780 | +12.6% |
| Non-recurring financial charges | 66B | €33 | - | -€33 | |
| Profit (loss) for the period before taxes | 9903 | €148,311 | -€97,353 | -€245,664 | |
| Income taxes | 67/77 | €45,416 | -€420 | -€45,836 | |
| Profit (loss) for the period | 9904 | €102,895 | -€96,933 | -€199,828 | |
| Profit (loss) for the period to be appropriated | 9905 | €102,895 | -€96,933 | -€199,828 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.