COBRAA: 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.
What changed
COBRAA
NACE 70.200, Business and other management consultancy
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€237,444
2023 · €264,763-€27,320
Equity
€2.0m
2023 · €1.7m+€237,444
Cash
€3,379
2023 · €844+€2,535
Balance sheet total
€2.2m
2023 · €1.9m+€247,569
Largest movements
Assets
- Receivables within one year +€163,228
up €163,228 (+8.8%), from €1.9m to €2.0m
of which Other amounts receivable: +€156,780
- Tangible fixed assets +€80,747
up €80,747 (+169.6%), from €47,601 to €128,348
of which Furniture and vehicles: +€79,635
Equity and liabilities
- Reserves +€237,444
up €237,444 (+22.4%), from €1.1m to €1.3m
of which Distributable reserves: +€300,594
Income statement
- Gross operating margin -€41,862
down €41,862 (-10.7%), from €390,567 to €348,705
- Taxes -€16,166
down €16,166 (-14.2%), from €113,738 to €97,572
- Depreciation +€13,755
up €13,755 (+45.5%), from €30,243 to €43,998
- Financial income +€11,892
up €11,892 (+51.4%), from €23,124 to €35,017
From the 2023 result to the 2024 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.
Result 2023
€264,763
Gross operating margin
-€41,862
Staff costs
+€1,244
Depreciation
-€13,755
Other operating charges
-€207
Financial income
+€11,892
Financial charges
-€799
Taxes
+€16,166
Result 2024
€237,444
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€127,280
Investment
-€124,745
Financing
€0
Cash 2023
€844
From operations (derived)
+€127,280
Net result for the year
+€237,444
Depreciation
+€43,998
Receivables within one year
-€163,228
Deferred charges and accrued income
-€1,059
Trade debts
+€14,414
Tax, wage and social debts
-€12,037
Other debts
+€7,228
Accrued charges and deferred income
+€520
Investment (derived)
-€124,745
Investment in fixed assets (net)
-€124,745
Cash 2024
€3,379
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,917,187 | €2,164,756 | +€247,569 | +12.9% |
| Fixed assets | 21/28 | €47,901 | €128,648 | +€80,747 | +168.6% |
| Tangible fixed assets | 22/27 | €47,601 | €128,348 | +€80,747 | +169.6% |
| Land and buildings | 22 | - | €2,453 | +€2,453 | |
| Plant, machinery and equipment | 23 | €4,134 | €2,792 | -€1,342 | -32.5% |
| Furniture and vehicles | 24 | €43,467 | €123,102 | +€79,635 | +183.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €1,869,286 | €2,036,108 | +€166,822 | +8.9% |
| Stocks and contracts in progress | 3 | €14,424 | €14,424 | = | 0.0% |
| Stocks | 30/36 | €14,424 | €14,424 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,853,133 | €2,016,361 | +€163,228 | +8.8% |
| Trade receivables | 40 | - | €6,448 | +€6,448 | |
| Other amounts receivable | 41 | €1,853,133 | €2,009,914 | +€156,780 | +8.5% |
| Cash at bank and in hand | 54/58 | €844 | €3,379 | +€2,535 | +300.2% |
| Deferred charges and accrued income | 490/1 | €885 | €1,943 | +€1,059 | +119.7% |
| Total equity and liabilities | 10/49 | €1,917,187 | €2,164,756 | +€247,569 | +12.9% |
| Equity | 10/15 | €1,732,713 | €1,970,157 | +€237,444 | +13.7% |
| Contributions | 10/11 | €344,000 | €344,000 | = | 0.0% |
| Reserves | 13 | €1,057,816 | €1,295,260 | +€237,444 | +22.4% |
| Tax-exempt reserves | 132 | €315,750 | €252,600 | -€63,150 | -20.0% |
| Distributable reserves | 133 | €742,066 | €1,042,660 | +€300,594 | +40.5% |
| Profit (loss) carried forward | 14 | €330,897 | €330,897 | = | 0.0% |
| Provisions and deferred taxes | 16 | €60,000 | €60,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,000 | €60,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable | 17/49 | €124,474 | €134,599 | +€10,125 | +8.1% |
| Amounts payable within one year | 42/48 | €123,759 | €133,364 | +€9,605 | +7.8% |
| Trade debts | 44 | €36,425 | €50,839 | +€14,414 | +39.6% |
| Suppliers | 440/4 | €36,425 | €50,839 | +€14,414 | +39.6% |
| Taxes, remuneration and social security | 45 | €35,658 | €23,620 | -€12,037 | -33.8% |
| Taxes | 450/3 | €33,266 | €23,620 | -€9,645 | -29.0% |
| Remuneration and social security | 454/9 | €2,392 | €0 | -€2,392 | -100.0% |
| Other amounts payable | 47/48 | €51,676 | €58,904 | +€7,228 | +14.0% |
| Accrued charges and deferred income | 492/3 | €715 | €1,235 | +€520 | +72.8% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €1,244 | - | -€1,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,243 | €43,998 | +€13,755 | +45.5% |
| Other operating charges | 640/8 | €2,460 | €2,667 | +€207 | +8.4% |
| Gross operating margin | 9900 | €390,567 | €348,705 | -€41,862 | -10.7% |
| Operating profit (loss) | 9901 | €356,620 | €302,041 | -€54,579 | -15.3% |
| Financial income | 75/76B | €23,124 | €35,017 | +€11,892 | +51.4% |
| Recurring financial income | 75 | €23,124 | €35,017 | +€11,892 | +51.4% |
| Financial charges | 65/66B | €1,243 | €2,042 | +€799 | +64.3% |
| Recurring financial charges | 65 | €1,243 | €2,042 | +€799 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | €378,501 | €335,016 | -€43,486 | -11.5% |
| Income taxes | 67/77 | €113,738 | €97,572 | -€16,166 | -14.2% |
| Profit (loss) for the period | 9904 | €264,763 | €237,444 | -€27,320 | -10.3% |
| Transfer from tax-exempt reserves | 789 | - | €189,450 | +€189,450 | |
| Transfer to tax-exempt reserves | 689 | €126,300 | €126,300 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €138,463 | €300,594 | +€162,130 | +117.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.