COBRALINE: 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.
COBRALINE
Largest movements
- Tangible fixed assets +€31,643
up €31,643 (+60.5%), from €52,343 to €83,986
- Receivables within one year +€10,937
up €10,937 (+74.0%), from €14,784 to €25,721
of which Other amounts receivable: +€8,421
- Other debts +€39,196
up €39,196 (+3,004%), from €1,305 to €40,501
- Reserves +€10,000
up €10,000 (+45.7%), from €21,860 to €31,860
of which Distributable reserves: +€10,000
- Tax, wage and social debts -€8,476
down €8,476 (-61.3%), from €13,825 to €5,350
- Profit (loss) carried forward +€2,481
up €2,481 (+8.9%), from €27,847 to €30,328
- Gross operating margin -€10,709
down €10,709 (-24.6%), from €43,563 to €32,855
- Taxes -€7,777
down €7,777 (-69.4%), from €11,213 to €3,436
- Depreciation +€3,358
up €3,358 (+25.2%), from €13,329 to €16,687
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.
Derived cash bridge
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 | €79,311 | €122,638 | +€43,327 | +54.6% |
| Fixed assets | 21/28 | €63,143 | €94,786 | +€31,643 | +50.1% |
| Tangible fixed assets | 22/27 | €52,343 | €83,986 | +€31,643 | +60.5% |
| Furniture and vehicles | 24 | €52,343 | €83,986 | +€31,643 | +60.5% |
| Financial fixed assets | 28 | €10,800 | €10,800 | = | 0.0% |
| Current assets | 29/58 | €16,168 | €27,853 | +€11,684 | +72.3% |
| Amounts receivable within one year | 40/41 | €14,784 | €25,721 | +€10,937 | +74.0% |
| Trade receivables | 40 | €14,784 | €17,300 | +€2,517 | +17.0% |
| Other amounts receivable | 41 | - | €8,421 | +€8,421 | |
| Cash at bank and in hand | 54/58 | €1,384 | €1,666 | +€282 | +20.4% |
| Deferred charges and accrued income | 490/1 | - | €465 | +€465 | |
| Total equity and liabilities | 10/49 | €79,311 | €122,638 | +€43,327 | +54.6% |
| Equity | 10/15 | €62,107 | €74,588 | +€12,481 | +20.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €21,860 | €31,860 | +€10,000 | +45.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Profit (loss) carried forward | 14 | €27,847 | €30,328 | +€2,481 | +8.9% |
| Amounts payable | 17/49 | €17,204 | €48,051 | +€30,846 | +179% |
| Amounts payable within one year | 42/48 | €17,204 | €48,051 | +€30,846 | +179% |
| Trade debts | 44 | €2,074 | €2,200 | +€126 | +6.1% |
| Suppliers | 440/4 | €2,074 | €2,200 | +€126 | +6.1% |
| Taxes, remuneration and social security | 45 | €13,825 | €5,350 | -€8,476 | -61.3% |
| Taxes | 450/3 | €13,825 | €5,350 | -€8,476 | -61.3% |
| Other amounts payable | 47/48 | €1,305 | €40,501 | +€39,196 | +3,004% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,329 | €16,687 | +€3,358 | +25.2% |
| Other operating charges | 640/8 | €497 | €144 | -€353 | -71.0% |
| Gross operating margin | 9900 | €43,563 | €32,855 | -€10,709 | -24.6% |
| Operating profit (loss) | 9901 | €29,737 | €16,023 | -€13,714 | -46.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €143 | €106 | -€37 | -25.9% |
| Recurring financial charges | 65 | €143 | €106 | -€37 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €29,594 | €15,917 | -€13,677 | -46.2% |
| Income taxes | 67/77 | €11,213 | €3,436 | -€7,777 | -69.4% |
| Profit (loss) for the period | 9904 | €18,381 | €12,481 | -€5,900 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,381 | €12,481 | -€5,900 | -32.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.