COBO Consulting: 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.
COBO Consulting
Largest movements
- Cash -€29,677
down €29,677 (-70.5%), from €42,099 to €12,422
mainly Contributions, distributions and other (-€48,177) and Current portion of long-term debt (-€17,000)
- Tangible fixed assets -€9,637
down €9,637 (-45.2%), from €21,301 to €11,664
of which Furniture and vehicles: -€14,677
- Receivables within one year -€7,584
down €7,584 (-54.3%), from €13,976 to €6,392
of which Trade receivables: -€11,616
- Reserves -€36,392
down €36,392 (-75.5%), from €48,177 to €11,785
- Current portion of long-term debt -€17,000
down €17,000 (-100%), from €17,000 to €0
- Trade debts +€9,035
up €9,035 (+4,221%), from €214 to €9,249
- Tax, wage and social debts -€2,082
down €2,082 (-76.4%), from €2,727 to €645
- Other debts -€1,246
down €1,246 (-93.8%), from €1,328 to €82
- Gross operating margin -€17,795
down €17,795 (-29.3%), from €60,698 to €42,902
- Depreciation -€4,370
down €4,370 (-18.4%), from €23,756 to €19,386
- Taxes -€1,918
down €1,918 (-17.6%), from €10,886 to €8,968
- Financial charges -€684
down €684 (-50.1%), from €1,366 to €682
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.
Derived cash bridge
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 | €77,377 | €30,479 | -€46,898 | -60.6% |
| Fixed assets | 21/28 | €21,301 | €11,664 | -€9,637 | -45.2% |
| Tangible fixed assets | 22/27 | €21,301 | €11,664 | -€9,637 | -45.2% |
| Land and buildings | 22 | - | €5,040 | +€5,040 | |
| Furniture and vehicles | 24 | €21,301 | €6,624 | -€14,677 | -68.9% |
| Current assets | 29/58 | €56,076 | €18,814 | -€37,261 | -66.4% |
| Amounts receivable within one year | 40/41 | €13,976 | €6,392 | -€7,584 | -54.3% |
| Trade receivables | 40 | €13,613 | €1,997 | -€11,616 | -85.3% |
| Other amounts receivable | 41 | €364 | €4,396 | +€4,032 | +1,108% |
| Cash at bank and in hand | 54/58 | €42,099 | €12,422 | -€29,677 | -70.5% |
| Total equity and liabilities | 10/49 | €77,377 | €30,479 | -€46,898 | -60.6% |
| Equity | 10/15 | €53,177 | €16,785 | -€36,392 | -68.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,177 | €11,785 | -€36,392 | -75.5% |
| Distributable reserves | 133 | €48,177 | €11,785 | -€36,392 | -75.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €24,200 | €13,694 | -€10,506 | -43.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €24,025 | €13,519 | -€10,506 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €17,000 | €0 | -€17,000 | -100% |
| Financial debts | 43 | €2,755 | €3,543 | +€788 | +28.6% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €2,755 | €3,543 | +€788 | +28.6% |
| Trade debts | 44 | €214 | €9,249 | +€9,035 | +4,221% |
| Suppliers | 440/4 | €214 | €9,249 | +€9,035 | +4,221% |
| Taxes, remuneration and social security | 45 | €2,727 | €645 | -€2,082 | -76.4% |
| Taxes | 450/3 | €2,727 | €645 | -€2,082 | -76.4% |
| Other amounts payable | 47/48 | €1,328 | €82 | -€1,246 | -93.8% |
| Accrued charges and deferred income | 492/3 | €175 | €175 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,756 | €19,386 | -€4,370 | -18.4% |
| Other operating charges | 640/8 | €2,365 | €2,083 | -€282 | -11.9% |
| Gross operating margin | 9900 | €60,698 | €42,902 | -€17,795 | -29.3% |
| Operating profit (loss) | 9901 | €34,578 | €21,434 | -€13,144 | -38.0% |
| Financial income | 75/76B | €28 | €1 | -€27 | -97.4% |
| Recurring financial income | 75 | €28 | €1 | -€27 | -97.4% |
| Financial charges | 65/66B | €1,366 | €682 | -€684 | -50.1% |
| Recurring financial charges | 65 | €1,366 | €682 | -€684 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €33,240 | €20,753 | -€12,487 | -37.6% |
| Income taxes | 67/77 | €10,886 | €8,968 | -€1,918 | -17.6% |
| Profit (loss) for the period | 9904 | €22,354 | €11,785 | -€10,569 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,354 | €11,785 | -€10,569 | -47.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.