COBRAMED: 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.
COBRAMED
Largest movements
- Receivables within one year +€17,639
up €17,639 (+72.7%), from €24,273 to €41,913
of which Other amounts receivable: +€17,639
- Cash -€12,021
down €12,021 (-35.6%), from €33,793 to €21,773
mainly Receivables within one year (-€17,639) and Contributions, distributions and other (-€6,823)
- Tangible fixed assets -€6,666
down €6,666 (-12.5%), from €53,279 to €46,613
of which Land and buildings: -€6,491
- Other debts +€6,823
up €6,823 (+133.1%), from €5,125 to €11,948
- Reserves -€5,149
down €5,149 (-5.6%), from €92,218 to €87,069
of which Distributable reserves: -€3,289
- Tax, wage and social debts -€2,482
no longer reported in 2026 (was €2,482)
- Gross operating margin -€14,683
down €14,683 (-54.3%), from €27,044 to €12,361
- Taxes -€5,004
down €5,004 (-91.3%), from €5,482 to €478
- Other operating charges +€4,924
new in 2026: €4,924
- Financial income +€1,069
up €1,069 (+171.1%), from €625 to €1,694
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,515 | €112,536 | +€22 | 0.0% |
| Fixed assets | 21/28 | €53,823 | €47,157 | -€6,666 | -12.4% |
| Tangible fixed assets | 22/27 | €53,279 | €46,613 | -€6,666 | -12.5% |
| Land and buildings | 22 | €52,077 | €45,586 | -€6,491 | -12.5% |
| Other tangible fixed assets | 26 | €1,202 | €1,027 | -€175 | -14.6% |
| Financial fixed assets | 28 | €544 | €544 | = | 0.0% |
| Current assets | 29/58 | €58,691 | €65,379 | +€6,688 | +11.4% |
| Amounts receivable within one year | 40/41 | €24,273 | €41,913 | +€17,639 | +72.7% |
| Trade receivables | 40 | €2,650 | €2,650 | = | 0.0% |
| Other amounts receivable | 41 | €21,623 | €39,263 | +€17,639 | +81.6% |
| Cash at bank and in hand | 54/58 | €33,793 | €21,773 | -€12,021 | -35.6% |
| Deferred charges and accrued income | 490/1 | €625 | €1,694 | +€1,069 | +171.1% |
| Total equity and liabilities | 10/49 | €112,515 | €112,536 | +€22 | 0.0% |
| Equity | 10/15 | €98,424 | €93,275 | -€5,149 | -5.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €92,218 | €87,069 | -€5,149 | -5.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €71,608 | €68,319 | -€3,289 | -4.6% |
| Amounts payable | 17/49 | €14,091 | €19,261 | +€5,170 | +36.7% |
| Amounts payable within one year | 42/48 | €14,091 | €19,261 | +€5,170 | +36.7% |
| Trade debts | 44 | €6,484 | €7,313 | +€829 | +12.8% |
| Suppliers | 440/4 | €6,484 | €7,313 | +€829 | +12.8% |
| Taxes, remuneration and social security | 45 | €2,482 | - | -€2,482 | |
| Taxes | 450/3 | €2,482 | - | -€2,482 | |
| Other amounts payable | 47/48 | €5,125 | €11,948 | +€6,823 | +133.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,662 | €6,666 | +€4 | +0.1% |
| Other operating charges | 640/8 | - | €4,924 | +€4,924 | |
| Gross operating margin | 9900 | €27,044 | €12,361 | -€14,683 | -54.3% |
| Operating profit (loss) | 9901 | €20,382 | €771 | -€19,612 | -96.2% |
| Financial income | 75/76B | €625 | €1,694 | +€1,069 | +171.1% |
| Recurring financial income | 75 | €625 | €1,694 | +€1,069 | +171.1% |
| Financial charges | 65/66B | €229 | €312 | +€83 | +36.3% |
| Recurring financial charges | 65 | €229 | €312 | +€83 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €20,778 | €2,152 | -€18,626 | -89.6% |
| Income taxes | 67/77 | €5,482 | €478 | -€5,004 | -91.3% |
| Profit (loss) for the period | 9904 | €15,296 | €1,674 | -€13,622 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,296 | €1,674 | -€13,622 | -89.1% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.