COBOTRACKS: 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.
COBOTRACKS
Largest movements
- Cash -€105,028
down €105,028 (-75.9%), from €138,368 to €33,341
mainly Current portion of long-term debt (-€125,000) and Deferred charges and accrued income (-€7,571)
- Deferred charges and accrued income +€7,571
up €7,571 (+74.4%), from €10,171 to €17,742
- Current portion of long-term debt -€125,000
down €125,000 (-100%), from €125,000 to €0
- Profit (loss) carried forward +€20,459
up €20,459 (+18.6%), from -€109,933 to -€89,474
- Trade debts +€9,390
up €9,390 (+93.6%), from €10,035 to €19,424
- Accrued charges and deferred income -€3,338
down €3,338 (-100%), from €3,338 to €0
- Gross operating margin +€38,051
up €38,051, from -€15,149 to €22,902
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 | €178,439 | €79,950 | -€98,489 | -55.2% |
| Fixed assets | 21/28 | €10 | €10 | = | 0.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €178,429 | €79,940 | -€98,489 | -55.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €29,890 | €28,858 | -€1,032 | -3.5% |
| Trade receivables | 40 | €27,927 | €21,497 | -€6,430 | -23.0% |
| Other amounts receivable | 41 | €1,963 | €7,361 | +€5,398 | +275% |
| Cash at bank and in hand | 54/58 | €138,368 | €33,341 | -€105,028 | -75.9% |
| Deferred charges and accrued income | 490/1 | €10,171 | €17,742 | +€7,571 | +74.4% |
| Total equity and liabilities | 10/49 | €178,439 | €79,950 | -€98,489 | -55.2% |
| Equity | 10/15 | €40,067 | €60,526 | +€20,459 | +51.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,933 | -€89,474 | +€20,459 | +18.6% |
| Amounts payable | 17/49 | €138,372 | €19,424 | -€118,948 | -86.0% |
| Amounts payable within one year | 42/48 | €135,035 | €19,424 | -€115,610 | -85.6% |
| Current portion of amounts payable after more than one year | 42 | €125,000 | €0 | -€125,000 | -100% |
| Trade debts | 44 | €10,035 | €19,424 | +€9,390 | +93.6% |
| Suppliers | 440/4 | €10,035 | €19,424 | +€9,390 | +93.6% |
| Accrued charges and deferred income | 492/3 | €3,338 | €0 | -€3,338 | -100% |
| Other operating charges | 640/8 | €574 | €525 | -€50 | -8.6% |
| Gross operating margin | 9900 | -€15,149 | €22,902 | +€38,051 | |
| Operating profit (loss) | 9901 | -€15,723 | €22,377 | +€38,100 | |
| Financial charges | 65/66B | €1,921 | €1,918 | -€4 | -0.2% |
| Recurring financial charges | 65 | €1,921 | €1,918 | -€4 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,645 | €20,459 | +€38,104 | |
| Profit (loss) for the period | 9904 | -€17,645 | €20,459 | +€38,104 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,645 | €20,459 | +€38,104 |
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 16 October 2026 via checked.be.