COBOL: 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.
COBOL
Largest movements
- Cash -€15,109
down €15,109 (-30.0%), from €50,303 to €35,194
mainly Net result for the year (-€6,670) and Tax, wage and social debts (-€6,544)
- Stocks and contracts -€5,840
down €5,840 (-28.8%), from €20,269 to €14,429
of which Contracts in progress: -€6,642
- Receivables within one year +€2,859
up €2,859 (+45.2%), from €6,330 to €9,189
of which Trade receivables: +€2,551
- Profit (loss) carried forward -€6,670
down €6,670 (-24.8%), from -€26,879 to -€33,550
- Tax, wage and social debts -€6,544
down €6,544 (-84.5%), from €7,748 to €1,204
- Trade debts -€3,203
down €3,203 (-44.9%), from €7,138 to €3,935
- Other debts -€1,673
down €1,673 (-4.7%), from €35,446 to €33,773
- Gross operating margin -€18,005
down €18,005, from €12,895 to -€5,110
- Depreciation -€355
down €355 (-100.0%), from €355 to €0
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 | €76,902 | €58,812 | -€18,089 | -23.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €76,902 | €58,812 | -€18,089 | -23.5% |
| Stocks and contracts in progress | 3 | €20,269 | €14,429 | -€5,840 | -28.8% |
| Stocks | 30/36 | €6,927 | €7,729 | +€803 | +11.6% |
| Contracts in progress | 37 | €13,342 | €6,700 | -€6,642 | -49.8% |
| Amounts receivable within one year | 40/41 | €6,330 | €9,189 | +€2,859 | +45.2% |
| Trade receivables | 40 | €6,011 | €8,563 | +€2,551 | +42.4% |
| Other amounts receivable | 41 | €319 | €627 | +€308 | +96.7% |
| Cash at bank and in hand | 54/58 | €50,303 | €35,194 | -€15,109 | -30.0% |
| Total equity and liabilities | 10/49 | €76,902 | €58,812 | -€18,089 | -23.5% |
| Equity | 10/15 | -€7,929 | -€14,600 | -€6,670 | -84.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €350 | €350 | = | 0.0% |
| Distributable reserves | 133 | €350 | €350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,879 | -€33,550 | -€6,670 | -24.8% |
| Amounts payable | 17/49 | €84,831 | €73,412 | -€11,419 | -13.5% |
| Amounts payable within one year | 42/48 | €84,831 | €73,412 | -€11,419 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,138 | €3,935 | -€3,203 | -44.9% |
| Suppliers | 440/4 | €7,138 | €3,935 | -€3,203 | -44.9% |
| Advances received on contracts in progress | 46 | €34,500 | €34,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,748 | €1,204 | -€6,544 | -84.5% |
| Taxes | 450/3 | €7,748 | €1,204 | -€6,544 | -84.5% |
| Other amounts payable | 47/48 | €35,446 | €33,773 | -€1,673 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355 | €0 | -€355 | -100.0% |
| Other operating charges | 640/8 | €1,319 | €1,253 | -€65 | -5.0% |
| Gross operating margin | 9900 | €12,895 | -€5,110 | -€18,005 | |
| Operating profit (loss) | 9901 | €11,221 | -€6,363 | -€17,584 | |
| Financial income | 75/76B | €19 | €4 | -€15 | -80.1% |
| Recurring financial income | 75 | €19 | €4 | -€15 | -80.1% |
| Financial charges | 65/66B | €172 | €141 | -€31 | -17.9% |
| Recurring financial charges | 65 | €172 | €141 | -€31 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €11,068 | -€6,501 | -€17,569 | |
| Income taxes | 67/77 | €178 | €170 | -€8 | -4.4% |
| Profit (loss) for the period | 9904 | €10,891 | -€6,670 | -€17,561 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,891 | -€6,670 | -€17,561 |
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 11 October 2026 via checked.be.