COBOTECH: 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.
COBOTECH
Largest movements
- Cash +€106,162
up €106,162 (+46.7%), from €227,397 to €333,559
mainly Other debts (+€310,723) and Depreciation (+€46,263)
- Tangible fixed assets -€54,001
down €54,001 (-8.9%), from €609,735 to €555,734
of which Land and buildings: -€28,695
- Receivables within one year -€10,286
down €10,286 (-34.8%), from €29,540 to €19,254
of which Other amounts receivable: -€10,286
- Contributions -€311,400
down €311,400 (-94.4%), from €329,992 to €18,592
- Other debts +€310,723
up €310,723 (+7,206%), from €4,312 to €315,035
- Reserves +€42,055
up €42,055 (+8.1%), from €518,409 to €560,464
of which Distributable reserves: +€44,098
- Gross operating margin +€22,855
up €22,855 (+27.4%), from €83,262 to €106,117
- Taxes +€6,135
up €6,135 (+61.7%), from €9,945 to €16,079
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 | €868,176 | €909,522 | +€41,346 | +4.8% |
| Fixed assets | 21/28 | €609,735 | €555,734 | -€54,001 | -8.9% |
| Tangible fixed assets | 22/27 | €609,735 | €555,734 | -€54,001 | -8.9% |
| Land and buildings | 22 | €541,507 | €512,812 | -€28,695 | -5.3% |
| Furniture and vehicles | 24 | €68,228 | €42,922 | -€25,306 | -37.1% |
| Current assets | 29/58 | €258,441 | €353,788 | +€95,346 | +36.9% |
| Amounts receivable within one year | 40/41 | €29,540 | €19,254 | -€10,286 | -34.8% |
| Trade receivables | 40 | €13,310 | €13,310 | = | 0.0% |
| Other amounts receivable | 41 | €16,230 | €5,944 | -€10,286 | -63.4% |
| Cash at bank and in hand | 54/58 | €227,397 | €333,559 | +€106,162 | +46.7% |
| Deferred charges and accrued income | 490/1 | €1,504 | €975 | -€529 | -35.2% |
| Total equity and liabilities | 10/49 | €868,176 | €909,522 | +€41,346 | +4.8% |
| Equity | 10/15 | €848,401 | €579,056 | -€269,345 | -31.7% |
| Contributions | 10/11 | €329,992 | €18,592 | -€311,400 | -94.4% |
| Reserves | 13 | €518,409 | €560,464 | +€42,055 | +8.1% |
| Tax-exempt reserves | 132 | €44,959 | €42,916 | -€2,044 | -4.5% |
| Distributable reserves | 133 | €473,450 | €517,548 | +€44,098 | +9.3% |
| Provisions and deferred taxes | 16 | €11,522 | €10,998 | -€524 | -4.5% |
| Deferred taxes | 168 | €11,522 | €10,998 | -€524 | -4.5% |
| Amounts payable | 17/49 | €8,253 | €319,468 | +€311,215 | +3,771% |
| Amounts payable within one year | 42/48 | €8,253 | €317,554 | +€309,301 | +3,748% |
| Trade debts | 44 | €594 | €46 | -€547 | -92.2% |
| Suppliers | 440/4 | €594 | €46 | -€547 | -92.2% |
| Taxes, remuneration and social security | 45 | €3,347 | €2,473 | -€874 | -26.1% |
| Taxes | 450/3 | €3,347 | €2,473 | -€874 | -26.1% |
| Other amounts payable | 47/48 | €4,312 | €315,035 | +€310,723 | +7,206% |
| Accrued charges and deferred income | 492/3 | - | €1,913 | +€1,913 | |
| Non-recurring operating income | 76A | - | €3,123 | +€3,123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,897 | €46,263 | -€633 | -1.4% |
| Other operating charges | 640/8 | €5,600 | €5,887 | +€287 | +5.1% |
| Gross operating margin | 9900 | €83,262 | €106,117 | +€22,855 | +27.4% |
| Operating profit (loss) | 9901 | €30,765 | €53,967 | +€23,202 | +75.4% |
| Financial income | 75/76B | €4,492 | €3,794 | -€698 | -15.5% |
| Recurring financial income | 75 | €4,492 | €3,794 | -€698 | -15.5% |
| Financial charges | 65/66B | €268 | €150 | -€118 | -43.9% |
| Recurring financial charges | 65 | €268 | €150 | -€118 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €34,990 | €57,610 | +€22,621 | +64.7% |
| Transfer from deferred taxes | 780 | €524 | €524 | = | 0.0% |
| Income taxes | 67/77 | €9,945 | €16,079 | +€6,135 | +61.7% |
| Profit (loss) for the period | 9904 | €25,569 | €42,055 | +€16,486 | +64.5% |
| Transfer from tax-exempt reserves | 789 | €2,044 | €2,044 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,612 | €44,098 | +€16,486 | +59.7% |
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 18 October 2026 via checked.be.