Cobra Commando: 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 Commando
Largest movements
- Receivables within one year -€18,775
down €18,775 (-76.7%), from €24,484 to €5,709
of which Trade receivables: -€13,639
- Cash -€4,421
down €4,421 (-74.2%), from €5,955 to €1,534
mainly Trade debts (-€14,826) and Advances received (-€7,570)
- Trade debts -€14,826
down €14,826 (-98.4%), from €15,068 to €242
- Advances received -€7,570
no longer reported in 2025 (was €7,570)
- Reserves -€800
down €800 (-10.2%), from €7,801 to €7,002
- Gross operating margin -€428
down €428, from €28 to -€399
- Financial charges +€47
up €47 (+93.3%), from €50 to €97
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 | €30,439 | €7,244 | -€23,196 | -76.2% |
| Current assets | 29/58 | €30,439 | €7,244 | -€23,196 | -76.2% |
| Amounts receivable within one year | 40/41 | €24,484 | €5,709 | -€18,775 | -76.7% |
| Trade receivables | 40 | €18,491 | €4,852 | -€13,639 | -73.8% |
| Other amounts receivable | 41 | €5,994 | €858 | -€5,136 | -85.7% |
| Cash at bank and in hand | 54/58 | €5,955 | €1,534 | -€4,421 | -74.2% |
| Total equity and liabilities | 10/49 | €30,439 | €7,244 | -€23,196 | -76.2% |
| Equity | 10/15 | €7,801 | €7,002 | -€800 | -10.2% |
| Reserves | 13 | €7,801 | €7,002 | -€800 | -10.2% |
| Amounts payable | 17/49 | €22,638 | €242 | -€22,396 | -98.9% |
| Amounts payable within one year | 42/48 | €22,638 | €242 | -€22,396 | -98.9% |
| Trade debts | 44 | €15,068 | €242 | -€14,826 | -98.4% |
| Suppliers | 440/4 | €15,068 | €242 | -€14,826 | -98.4% |
| Advances received on contracts in progress | 46 | €7,570 | - | -€7,570 | |
| Non-recurring operating charges | 66A | - | €304 | +€304 | |
| Gross operating margin | 9900 | €28 | -€399 | -€428 | |
| Operating profit (loss) | 9901 | €28 | -€703 | -€731 | |
| Financial charges | 65/66B | €50 | €97 | +€47 | +93.3% |
| Recurring financial charges | 65 | €50 | €97 | +€47 | +93.3% |
| Profit (loss) for the period before taxes | 9903 | -€22 | -€800 | -€778 | -3616.9% |
| Profit (loss) for the period | 9904 | -€22 | -€800 | -€778 | -3616.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€22 | -€800 | -€778 | -3616.9% |
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 6 October 2026 via checked.be.