COBOCADO: 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.
COBOCADO
Largest movements
- Cash -€83,961
down €83,961 (-42.4%), from €198,038 to €114,077
mainly Contributions, distributions and other (-€195,000) and Trade debts (-€114,071)
- Intangible fixed assets -€67,817
down €67,817 (-15.6%), from €436,008 to €368,191
- Receivables within one year -€46,899
down €46,899 (-25.0%), from €187,660 to €140,761
of which Other amounts receivable: -€40,033
- Deferred charges and accrued income +€29,331
up €29,331 (+331.7%), from €8,843 to €38,174
- Stocks and contracts -€18,339
down €18,339 (-11.1%), from €164,867 to €146,528
- Trade debts -€114,071
down €114,071 (-56.4%), from €202,361 to €88,290
- Debts after one year -€55,747
down €55,747 (-18.3%), from €304,694 to €248,947
- Tax, wage and social debts -€22,366
down €22,366 (-23.0%), from €97,451 to €75,084
of which Remuneration and social security: -€18,752
- Reserves +€11,833
up €11,833 (+8.7%), from €136,529 to €148,362
of which Distributable reserves: +€11,833
- Gross operating margin +€149,752
up €149,752 (+27.5%), from €544,763 to €694,515
- Staff costs +€87,832
up €87,832 (+30.3%), from €289,890 to €377,722
- Depreciation +€31,379
up €31,379 (+78.8%), from €39,824 to €71,203
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 | €1,015,470 | €835,030 | -€180,440 | -17.8% |
| Fixed assets | 21/28 | €456,061 | €395,489 | -€60,572 | -13.3% |
| Intangible fixed assets | 21 | €436,008 | €368,191 | -€67,817 | -15.6% |
| Tangible fixed assets | 22/27 | €20,053 | €27,298 | +€7,245 | +36.1% |
| Plant, machinery and equipment | 23 | €19,300 | €18,953 | -€346 | -1.8% |
| Furniture and vehicles | 24 | - | €1,843 | +€1,843 | |
| Other tangible fixed assets | 26 | €753 | €6,501 | +€5,748 | +762.9% |
| Current assets | 29/58 | €559,408 | €439,541 | -€119,868 | -21.4% |
| Stocks and contracts in progress | 3 | €164,867 | €146,528 | -€18,339 | -11.1% |
| Stocks | 30/36 | €164,867 | €146,528 | -€18,339 | -11.1% |
| Amounts receivable within one year | 40/41 | €187,660 | €140,761 | -€46,899 | -25.0% |
| Trade receivables | 40 | €6,866 | - | -€6,866 | |
| Other amounts receivable | 41 | €180,794 | €140,761 | -€40,033 | -22.1% |
| Cash at bank and in hand | 54/58 | €198,038 | €114,077 | -€83,961 | -42.4% |
| Deferred charges and accrued income | 490/1 | €8,843 | €38,174 | +€29,331 | +331.7% |
| Total equity and liabilities | 10/49 | €1,015,470 | €835,030 | -€180,440 | -17.8% |
| Equity | 10/15 | €155,129 | €166,962 | +€11,833 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,529 | €148,362 | +€11,833 | +8.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €419 | €419 | = | 0.0% |
| Distributable reserves | 133 | €134,250 | €146,083 | +€11,833 | +8.8% |
| Amounts payable | 17/49 | €860,341 | €668,068 | -€192,273 | -22.3% |
| Amounts payable after more than one year | 17 | €304,694 | €248,947 | -€55,747 | -18.3% |
| Financial debts | 170/4 | €304,694 | €248,947 | -€55,747 | -18.3% |
| Amounts payable within one year | 42/48 | €552,656 | €419,121 | -€133,534 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €62,844 | €60,747 | -€2,097 | -3.3% |
| Trade debts | 44 | €202,361 | €88,290 | -€114,071 | -56.4% |
| Suppliers | 440/4 | €202,361 | €88,290 | -€114,071 | -56.4% |
| Taxes, remuneration and social security | 45 | €97,451 | €75,084 | -€22,366 | -23.0% |
| Taxes | 450/3 | €11,023 | €7,408 | -€3,615 | -32.8% |
| Remuneration and social security | 454/9 | €86,428 | €67,676 | -€18,752 | -21.7% |
| Other amounts payable | 47/48 | €190,000 | €195,000 | +€5,000 | +2.6% |
| Accrued charges and deferred income | 492/3 | €2,991 | - | -€2,991 | |
| Remuneration, social security and pensions | 62 | €289,890 | €377,722 | +€87,832 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,824 | €71,203 | +€31,379 | +78.8% |
| Other operating charges | 640/8 | €12,124 | €15,433 | +€3,309 | +27.3% |
| Gross operating margin | 9900 | €544,763 | €694,515 | +€149,752 | +27.5% |
| Operating profit (loss) | 9901 | €202,926 | €230,157 | +€27,231 | +13.4% |
| Financial income | 75/76B | €4,998 | €1,275 | -€3,723 | -74.5% |
| Recurring financial income | 75 | €4,998 | €1,275 | -€3,723 | -74.5% |
| Financial charges | 65/66B | €11,407 | €17,279 | +€5,872 | +51.5% |
| Recurring financial charges | 65 | €11,407 | €17,279 | +€5,872 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €196,518 | €214,152 | +€17,635 | +9.0% |
| Income taxes | 67/77 | €3,400 | €7,319 | +€3,920 | +115.3% |
| Profit (loss) for the period | 9904 | €193,118 | €206,833 | +€13,715 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €193,118 | €206,833 | +€13,715 | +7.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.