COBOGRA: 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.
COBOGRA
Largest movements
- Tangible fixed assets -€42,809
down €42,809 (-3.5%), from €1.2m to €1.2m
- Reserves -€30,429
down €30,429 (-41.5%), from €73,325 to €42,896
of which Distributable reserves: -€30,429
- Gross operating margin +€2,985
up €2,985 (+20.1%), from €14,824 to €17,809
- Other operating charges +€2,067
up €2,067 (+63.0%), from €3,280 to €5,347
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 | €1,221,704 | €1,181,093 | -€40,612 | -3.3% |
| Fixed assets | 21/28 | €1,220,895 | €1,178,086 | -€42,809 | -3.5% |
| Tangible fixed assets | 22/27 | €1,220,895 | €1,178,086 | -€42,809 | -3.5% |
| Land and buildings | 22 | €1,220,895 | €1,178,086 | -€42,809 | -3.5% |
| Current assets | 29/58 | €809 | €3,007 | +€2,198 | +271.6% |
| Cash at bank and in hand | 54/58 | €809 | €3,007 | +€2,198 | +271.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,221,704 | €1,181,093 | -€40,612 | -3.3% |
| Equity | 10/15 | €321,325 | €290,896 | -€30,429 | -9.5% |
| Contributions | 10/11 | €248,000 | €248,000 | = | 0.0% |
| Capital | 10 | €248,000 | €248,000 | = | 0.0% |
| Issued capital | 100 | €248,000 | €248,000 | = | 0.0% |
| Reserves | 13 | €73,325 | €42,896 | -€30,429 | -41.5% |
| Non-distributable reserves | 130/1 | €24,800 | €24,800 | = | 0.0% |
| Legal reserve | 130 | €24,800 | €24,800 | = | 0.0% |
| Distributable reserves | 133 | €48,525 | €18,096 | -€30,429 | -62.7% |
| Amounts payable | 17/49 | €900,379 | €890,197 | -€10,183 | -1.1% |
| Amounts payable within one year | 42/48 | €898,379 | €888,197 | -€10,183 | -1.1% |
| Trade debts | 44 | €62 | €1,372 | +€1,310 | +2112.6% |
| Suppliers | 440/4 | €62 | €1,372 | +€1,310 | +2112.6% |
| Other amounts payable | 47/48 | €898,317 | €886,825 | -€11,493 | -1.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,858 | €42,809 | -€49 | -0.1% |
| Other operating charges | 640/8 | €3,280 | €5,347 | +€2,067 | +63.0% |
| Gross operating margin | 9900 | €14,824 | €17,809 | +€2,985 | +20.1% |
| Operating profit (loss) | 9901 | -€31,315 | -€30,347 | +€967 | +3.1% |
| Financial charges | 65/66B | €80 | €81 | +€1 | +1.5% |
| Recurring financial charges | 65 | €80 | €81 | +€1 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€31,395 | -€30,429 | +€966 | +3.1% |
| Profit (loss) for the period | 9904 | -€31,395 | -€30,429 | +€966 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,395 | -€30,429 | +€966 | +3.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.