CoBrA-IP: 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.
CoBrA-IP
Largest movements
- Cash +€68,285
up €68,285 (+82.2%), from €83,040 to €151,325
mainly Net result for the year (+€56,004) and Tax, wage and social debts (+€14,871)
- Reserves +€56,000
up €56,000 (+59.7%), from €93,800 to €149,800
- Tax, wage and social debts +€14,871
up €14,871 (+73.7%), from €20,174 to €35,045
- Gross operating margin -€1,637
down €1,637 (-2.2%), from €73,645 to €72,008
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 | €118,497 | €187,953 | +€69,456 | +58.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €426 | €377 | -€49 | -11.5% |
| Tangible fixed assets | 22/27 | €426 | €377 | -€49 | -11.5% |
| Furniture and vehicles | 24 | €426 | €377 | -€49 | -11.5% |
| Current assets | 29/58 | €118,071 | €187,576 | +€69,505 | +58.9% |
| Amounts receivable within one year | 40/41 | €28,375 | €29,128 | +€752 | +2.7% |
| Trade receivables | 40 | €28,375 | €28,093 | -€282 | -1.0% |
| Other amounts receivable | 41 | - | €1,035 | +€1,035 | |
| Cash at bank and in hand | 54/58 | €83,040 | €151,325 | +€68,285 | +82.2% |
| Deferred charges and accrued income | 490/1 | €6,656 | €7,122 | +€467 | +7.0% |
| Total equity and liabilities | 10/49 | €118,497 | €187,953 | +€69,456 | +58.6% |
| Equity | 10/15 | €96,862 | €152,866 | +€56,004 | +57.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €93,800 | €149,800 | +€56,000 | +59.7% |
| Distributable reserves | 133 | €93,800 | €149,800 | +€56,000 | +59.7% |
| Profit (loss) carried forward | 14 | €62 | €66 | +€4 | +5.7% |
| Amounts payable | 17/49 | €21,635 | €35,087 | +€13,452 | +62.2% |
| Amounts payable within one year | 42/48 | €21,635 | €35,087 | +€13,452 | +62.2% |
| Trade debts | 44 | - | €42 | +€42 | |
| Suppliers | 440/4 | - | €42 | +€42 | |
| Taxes, remuneration and social security | 45 | €20,174 | €35,045 | +€14,871 | +73.7% |
| Taxes | 450/3 | €20,174 | €35,045 | +€14,871 | +73.7% |
| Other amounts payable | 47/48 | €1,461 | €0 | -€1,461 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €625 | €49 | -€576 | -92.2% |
| Other operating charges | 640/8 | €682 | €701 | +€18 | +2.7% |
| Gross operating margin | 9900 | €73,645 | €72,008 | -€1,637 | -2.2% |
| Operating profit (loss) | 9901 | €72,338 | €71,258 | -€1,079 | -1.5% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €51 | €185 | +€134 | +261.8% |
| Recurring financial charges | 65 | €51 | €185 | +€134 | +261.8% |
| Profit (loss) for the period before taxes | 9903 | €72,286 | €71,085 | -€1,201 | -1.7% |
| Income taxes | 67/77 | €15,000 | €15,082 | +€81 | +0.5% |
| Profit (loss) for the period | 9904 | €57,286 | €56,004 | -€1,282 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,286 | €56,004 | -€1,282 | -2.2% |
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 10 October 2026 via checked.be.