COBRA 1: 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.
COBRA 1
Largest movements
- Cash +€18,583
up €18,583 (+138.9%), from €13,383 to €31,966
mainly Net result for the year (+€35,647) and Tax, wage and social debts (+€15,894)
- Tangible fixed assets -€5,963
down €5,963 (-19.0%), from €31,351 to €25,387
- Receivables after one year +€4,806
up €4,806 (+2.5%), from €192,229 to €197,035
- Profit (loss) carried forward +€35,647
up €35,647 (+34.4%), from €103,710 to €139,357
- Trade debts -€34,266
down €34,266 (-36.2%), from €94,683 to €60,418
- Tax, wage and social debts +€15,894
up €15,894 (+90.2%), from €17,622 to €33,516
- Gross operating margin -€40,458
down €40,458 (-42.5%), from €95,216 to €54,758
- Taxes -€7,441
down €7,441 (-32.5%), from €22,926 to €15,486
- Financial income +€2,577
up €2,577 (+115.6%), from €2,229 to €4,806
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €236,963 | €254,388 | +€17,426 | +7.4% |
| Fixed assets | 21/28 | €31,351 | €25,387 | -€5,963 | -19.0% |
| Tangible fixed assets | 22/27 | €31,351 | €25,387 | -€5,963 | -19.0% |
| Other tangible fixed assets | 26 | €31,351 | €25,387 | -€5,963 | -19.0% |
| Current assets | 29/58 | €205,612 | €229,001 | +€23,389 | +11.4% |
| Amounts receivable after more than one year | 29 | €192,229 | €197,035 | +€4,806 | +2.5% |
| Other amounts receivable | 291 | €192,229 | €197,035 | +€4,806 | +2.5% |
| Cash at bank and in hand | 54/58 | €13,383 | €31,966 | +€18,583 | +138.9% |
| Total equity and liabilities | 10/49 | €236,963 | €254,388 | +€17,426 | +7.4% |
| Equity | 10/15 | €124,170 | €159,817 | +€35,647 | +28.7% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €103,710 | €139,357 | +€35,647 | +34.4% |
| Amounts payable | 17/49 | €112,793 | €94,572 | -€18,221 | -16.2% |
| Amounts payable within one year | 42/48 | €112,793 | €94,572 | -€18,221 | -16.2% |
| Trade debts | 44 | €94,683 | €60,418 | -€34,266 | -36.2% |
| Suppliers | 440/4 | €94,683 | €60,418 | -€34,266 | -36.2% |
| Taxes, remuneration and social security | 45 | €17,622 | €33,516 | +€15,894 | +90.2% |
| Taxes | 450/3 | €17,622 | €33,516 | +€15,894 | +90.2% |
| Other amounts payable | 47/48 | €487 | €638 | +€151 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,965 | €5,964 | -€1 | 0.0% |
| Other operating charges | 640/8 | €3,136 | €2,374 | -€762 | -24.3% |
| Gross operating margin | 9900 | €95,216 | €54,758 | -€40,458 | -42.5% |
| Operating profit (loss) | 9901 | €86,115 | €46,420 | -€39,695 | -46.1% |
| Financial income | 75/76B | €2,229 | €4,806 | +€2,577 | +115.6% |
| Recurring financial income | 75 | €2,229 | €4,806 | +€2,577 | +115.6% |
| Financial charges | 65/66B | €415 | €94 | -€321 | -77.3% |
| Recurring financial charges | 65 | €415 | €94 | -€321 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | €87,929 | €51,133 | -€36,797 | -41.8% |
| Income taxes | 67/77 | €22,926 | €15,486 | -€7,441 | -32.5% |
| Profit (loss) for the period | 9904 | €65,003 | €35,647 | -€29,356 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,003 | €35,647 | -€29,356 | -45.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.