COBOS: 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.
COBOS
Largest movements
- Receivables within one year +€861,404
up €861,404 (+4211.0%), from €20,456 to €881,861
of which Other amounts receivable: +€823,993
- Tangible fixed assets -€249,300
down €249,300 (-100.0%), from €249,300 to €0
of which Land and buildings: -€221,497
- Stocks and contracts +€177,450
up €177,450 (+91.6%), from €193,812 to €371,262
- Deferred charges and accrued income +€39,488
new in 2025: €39,488
- Cash -€23,432
down €23,432 (-96.2%), from €24,369 to €937
mainly Receivables within one year (-€861,404) and Debts after one year (-€210,500)
- Profit (loss) carried forward +€698,436
up €698,436, from -€328,703 to €369,733
- Tax, wage and social debts +€260,674
up €260,674 (+70047.2%), from €372 to €261,046
- Debts after one year -€210,500
down €210,500 (-100.0%), from €210,500 to €0
- Trade debts +€58,832
up €58,832 (+2774.5%), from €2,120 to €60,952
- Accrued charges and deferred income -€21,291
down €21,291 (-100.0%), from €21,291 to €0
- Other operating income +€1.0m
up €1.0m (+1303.9%), from €79,223 to €1.1m
- Taxes +€256,184
up €256,184 (+12141418.5%), from €2 to €256,186
- Services and other goods +€69,128
up €69,128 (+804.6%), from €8,591 to €77,719
- Depreciation -€27,027
down €27,027 (-100.0%), from €27,027 to €0
- Financial income +€20,659
up €20,659 (+257276.0%), from €8 to €20,667
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 | €487,938 | €1,293,548 | +€805,610 | +165.1% |
| Fixed assets | 21/28 | €249,300 | €0 | -€249,300 | -100.0% |
| Tangible fixed assets | 22/27 | €249,300 | €0 | -€249,300 | -100.0% |
| Land and buildings | 22 | €221,497 | €0 | -€221,497 | -100.0% |
| Furniture and vehicles | 24 | €17,799 | €0 | -€17,799 | -100.0% |
| Leasing and similar rights | 25 | €10,005 | €0 | -€10,005 | -100.0% |
| Current assets | 29/58 | €238,637 | €1,293,548 | +€1.1m | +442.1% |
| Stocks and contracts in progress | 3 | €193,812 | €371,262 | +€177,450 | +91.6% |
| Stocks | 30/36 | €193,812 | €371,262 | +€177,450 | +91.6% |
| Property held for sale | 35 | €193,812 | €371,262 | +€177,450 | +91.6% |
| Amounts receivable within one year | 40/41 | €20,456 | €881,861 | +€861,404 | +4211.0% |
| Trade receivables | 40 | €20,456 | €57,868 | +€37,412 | +182.9% |
| Other amounts receivable | 41 | - | €823,993 | +€823,993 | |
| Cash at bank and in hand | 54/58 | €24,369 | €937 | -€23,432 | -96.2% |
| Deferred charges and accrued income | 490/1 | - | €39,488 | +€39,488 | |
| Total equity and liabilities | 10/49 | €487,938 | €1,293,548 | +€805,610 | +165.1% |
| Equity | 10/15 | €253,654 | €971,550 | +€717,896 | +283.0% |
| Contributions | 10/11 | €570,155 | €570,155 | = | 0.0% |
| Capital | 10 | €570,155 | €570,155 | = | 0.0% |
| Issued capital | 100 | €570,155 | €570,155 | = | 0.0% |
| Reserves | 13 | €12,202 | €31,662 | +€19,460 | +159.5% |
| Non-distributable reserves | 130/1 | €12,202 | €31,662 | +€19,460 | +159.5% |
| Legal reserve | 130 | €12,147 | €31,606 | +€19,460 | +160.2% |
| Reserves not available under the articles | 1311 | €55 | €55 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€328,703 | €369,733 | +€698,436 | |
| Amounts payable | 17/49 | €234,284 | €321,998 | +€87,714 | +37.4% |
| Amounts payable after more than one year | 17 | €210,500 | €0 | -€210,500 | -100.0% |
| Financial debts | 170/4 | €210,500 | €0 | -€210,500 | -100.0% |
| Other loans | 174 | €210,500 | €0 | -€210,500 | -100.0% |
| Amounts payable within one year | 42/48 | €2,493 | €321,998 | +€319,505 | +12818.4% |
| Trade debts | 44 | €2,120 | €60,952 | +€58,832 | +2774.5% |
| Suppliers | 440/4 | €2,120 | €60,952 | +€58,832 | +2774.5% |
| Taxes, remuneration and social security | 45 | €372 | €261,046 | +€260,674 | +70047.2% |
| Taxes | 450/3 | €372 | €261,046 | +€260,674 | +70047.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €21,291 | €0 | -€21,291 | -100.0% |
| Operating income | 70/76A | €251,743 | €1,150,746 | +€899,003 | +357.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €172,520 | €38,555 | -€133,965 | -77.7% |
| Other operating income | 74 | €79,223 | €1,112,191 | +€1.0m | +1303.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €77,930 | €196,838 | +€118,908 | +152.6% |
| Goods for resale, raw materials and consumables | 60 | €34,707 | €38,555 | +€3,848 | +11.1% |
| Purchases | 600/8 | €34,707 | €38,555 | +€3,848 | +11.1% |
| Services and other goods | 61 | €8,591 | €77,719 | +€69,128 | +804.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,027 | €0 | -€27,027 | -100.0% |
| Other operating charges | 640/8 | €7,605 | €8,455 | +€850 | +11.2% |
| Non-recurring operating charges | 66A | - | €72,109 | +€72,109 | |
| Operating profit (loss) | 9901 | €173,813 | €953,908 | +€780,095 | +448.8% |
| Financial income | 75/76B | €8 | €20,667 | +€20,659 | +257276.0% |
| Recurring financial income | 75 | €8 | €20,667 | +€20,659 | +257276.0% |
| Income from current assets | 751 | €7 | €20,655 | +€20,648 | +293296.4% |
| Other financial income | 752/9 | €1 | €12 | +€11 | +1130.3% |
| Financial charges | 65/66B | €252 | €493 | +€241 | +95.6% |
| Recurring financial charges | 65 | €252 | €493 | +€241 | +95.6% |
| Other financial charges | 652/9 | €252 | €493 | +€241 | +95.6% |
| Profit (loss) for the period before taxes | 9903 | €173,569 | €974,082 | +€800,513 | +461.2% |
| Income taxes | 67/77 | €2 | €256,186 | +€256,184 | +12141418.5% |
| Taxes | 670/3 | €2 | €256,186 | +€256,184 | +12141418.5% |
| Profit (loss) for the period | 9904 | €173,567 | €717,896 | +€544,329 | +313.6% |
| Profit (loss) for the period to be appropriated | 9905 | €173,567 | €717,896 | +€544,329 | +313.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.