CoBrAflex: 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.
CoBrAflex
Largest movements
- Tangible fixed assets +€31,151
up €31,151 (+88.9%), from €35,054 to €66,206
of which Plant, machinery and equipment: +€33,918
- Cash +€22,692
up €22,692 (+317.8%), from €7,140 to €29,831
mainly Debts after one year (+€33,404) and Current portion of long-term debt (+€9,367)
- Receivables within one year -€2,952
down €2,952 (-27.1%), from €10,908 to €7,956
of which Trade receivables: -€3,038
- Stocks and contracts -€2,600
down €2,600 (-23.4%), from €11,100 to €8,500
- Deferred charges and accrued income +€2,450
new in 2025: €2,450
- Debts after one year +€33,404
new in 2025: €33,404
- Current portion of long-term debt +€9,367
new in 2025: €9,367
- Trade debts +€8,787
up €8,787 (+21.5%), from €40,781 to €49,568
- Other debts -€5,137
down €5,137 (-47.1%), from €10,918 to €5,780
- Profit (loss) carried forward +€4,321
up €4,321 (+27.9%), from -€15,500 to -€11,179
- Gross operating margin +€15,634
up €15,634 (+745.9%), from €2,096 to €17,730
- Taxes -€4,871
no longer reported in 2025 (was €4,871)
- Staff costs +€735
up €735 (+333.9%), from €220 to €955
- Other operating charges -€583
down €583 (-22.1%), from €2,643 to €2,060
- Depreciation +€354
up €354 (+4.1%), from €8,653 to €9,007
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 | €64,202 | €114,943 | +€50,741 | +79.0% |
| Fixed assets | 21/28 | €35,054 | €66,206 | +€31,151 | +88.9% |
| Tangible fixed assets | 22/27 | €35,054 | €66,206 | +€31,151 | +88.9% |
| Land and buildings | 22 | €3,585 | €3,411 | -€174 | -4.9% |
| Plant, machinery and equipment | 23 | €22,533 | €56,451 | +€33,918 | +150.5% |
| Furniture and vehicles | 24 | €8,936 | €6,344 | -€2,592 | -29.0% |
| Current assets | 29/58 | €29,148 | €48,737 | +€19,590 | +67.2% |
| Stocks and contracts in progress | 3 | €11,100 | €8,500 | -€2,600 | -23.4% |
| Stocks | 30/36 | €11,100 | €8,500 | -€2,600 | -23.4% |
| Amounts receivable within one year | 40/41 | €10,908 | €7,956 | -€2,952 | -27.1% |
| Trade receivables | 40 | €8,735 | €5,697 | -€3,038 | -34.8% |
| Other amounts receivable | 41 | €2,173 | €2,259 | +€86 | +3.9% |
| Cash at bank and in hand | 54/58 | €7,140 | €29,831 | +€22,692 | +317.8% |
| Deferred charges and accrued income | 490/1 | - | €2,450 | +€2,450 | |
| Total equity and liabilities | 10/49 | €64,202 | €114,943 | +€50,741 | +79.0% |
| Equity | 10/15 | €12,503 | €16,824 | +€4,321 | +34.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,803 | €21,803 | = | 0.0% |
| Distributable reserves | 133 | €21,803 | €21,803 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,500 | -€11,179 | +€4,321 | +27.9% |
| Amounts payable | 17/49 | €51,699 | €98,119 | +€46,420 | +89.8% |
| Amounts payable after more than one year | 17 | - | €33,404 | +€33,404 | |
| Financial debts | 170/4 | - | €33,404 | +€33,404 | |
| Amounts payable within one year | 42/48 | €51,699 | €64,715 | +€13,016 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | - | €9,367 | +€9,367 | |
| Trade debts | 44 | €40,781 | €49,568 | +€8,787 | +21.5% |
| Suppliers | 440/4 | €40,781 | €49,568 | +€8,787 | +21.5% |
| Other amounts payable | 47/48 | €10,918 | €5,780 | -€5,137 | -47.1% |
| Remuneration, social security and pensions | 62 | €220 | €955 | +€735 | +333.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,653 | €9,007 | +€354 | +4.1% |
| Other operating charges | 640/8 | €2,643 | €2,060 | -€583 | -22.1% |
| Gross operating margin | 9900 | €2,096 | €17,730 | +€15,634 | +745.9% |
| Operating profit (loss) | 9901 | -€9,420 | €5,708 | +€15,128 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €1,208 | €1,393 | +€184 | +15.2% |
| Recurring financial charges | 65 | €1,208 | €1,393 | +€184 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,629 | €4,321 | +€14,950 | |
| Income taxes | 67/77 | €4,871 | - | -€4,871 | |
| Profit (loss) for the period | 9904 | -€15,500 | €4,321 | +€19,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,500 | €4,321 | +€19,821 |
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 9 October 2026 via checked.be.