COBRASOFT: 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.
COBRASOFT
Largest movements
- Receivables within one year -€116,992
down €116,992 (-88.9%), from €131,662 to €14,670
of which Other amounts receivable: -€118,361
- Current investments -€50,493
down €50,493 (-71.6%), from €70,493 to €20,000
- Tangible fixed assets -€18,561
down €18,561 (-13.6%), from €136,008 to €117,447
- Cash -€10,236
down €10,236 (-8.1%), from €125,779 to €115,543
mainly Tax, wage and social debts (-€119,628) and Contributions, distributions and other (-€84,159)
- Tax, wage and social debts -€119,628
down €119,628 (-97.0%), from €123,342 to €3,714
- Reserves -€51,027
down €51,027 (-18.8%), from €272,052 to €221,025
- Debts after one year -€28,185
down €28,185 (-58.1%), from €48,476 to €20,291
- Financial charges -€1,893
down €1,893 (-57.1%), from €3,314 to €1,421
- Depreciation +€1,047
up €1,047 (+6.0%), from €17,513 to €18,561
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 | €465,244 | €269,534 | -€195,710 | -42.1% |
| Fixed assets | 21/28 | €136,008 | €117,447 | -€18,561 | -13.6% |
| Tangible fixed assets | 22/27 | €136,008 | €117,447 | -€18,561 | -13.6% |
| Land and buildings | 22 | €93,163 | €87,061 | -€6,101 | -6.5% |
| Furniture and vehicles | 24 | €10,517 | €6,219 | -€4,299 | -40.9% |
| Other tangible fixed assets | 26 | €32,328 | €24,167 | -€8,161 | -25.2% |
| Current assets | 29/58 | €329,236 | €152,087 | -€177,149 | -53.8% |
| Amounts receivable within one year | 40/41 | €131,662 | €14,670 | -€116,992 | -88.9% |
| Trade receivables | 40 | €3,500 | €4,870 | +€1,370 | +39.1% |
| Other amounts receivable | 41 | €128,162 | €9,801 | -€118,361 | -92.4% |
| Current investments | 50/53 | €70,493 | €20,000 | -€50,493 | -71.6% |
| Cash at bank and in hand | 54/58 | €125,779 | €115,543 | -€10,236 | -8.1% |
| Deferred charges and accrued income | 490/1 | €1,303 | €1,874 | +€571 | +43.8% |
| Total equity and liabilities | 10/49 | €465,244 | €269,534 | -€195,710 | -42.1% |
| Equity | 10/15 | €290,652 | €239,625 | -€51,027 | -17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €272,052 | €221,025 | -€51,027 | -18.8% |
| Distributable reserves | 133 | €272,052 | €221,025 | -€51,027 | -18.8% |
| Amounts payable | 17/49 | €174,593 | €29,910 | -€144,683 | -82.9% |
| Amounts payable after more than one year | 17 | €48,476 | €20,291 | -€28,185 | -58.1% |
| Other amounts payable | 178/9 | €48,476 | €20,291 | -€28,185 | -58.1% |
| Amounts payable within one year | 42/48 | €126,117 | €9,608 | -€116,509 | -92.4% |
| Trade debts | 44 | €2,775 | €5,894 | +€3,119 | +112.4% |
| Suppliers | 440/4 | €2,775 | €5,894 | +€3,119 | +112.4% |
| Taxes, remuneration and social security | 45 | €123,342 | €3,714 | -€119,628 | -97.0% |
| Taxes | 450/3 | €123,342 | €3,714 | -€119,628 | -97.0% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,513 | €18,561 | +€1,047 | +6.0% |
| Other operating charges | 640/8 | €2,111 | €2,336 | +€225 | +10.6% |
| Gross operating margin | 9900 | €67,894 | €68,302 | +€408 | +0.6% |
| Operating profit (loss) | 9901 | €48,270 | €47,406 | -€864 | -1.8% |
| Financial income | 75/76B | €704 | €451 | -€253 | -35.9% |
| Recurring financial income | 75 | €704 | €451 | -€253 | -35.9% |
| Financial charges | 65/66B | €3,314 | €1,421 | -€1,893 | -57.1% |
| Recurring financial charges | 65 | €3,314 | €1,421 | -€1,893 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €45,659 | €46,436 | +€777 | +1.7% |
| Income taxes | 67/77 | €12,760 | €13,304 | +€544 | +4.3% |
| Profit (loss) for the period | 9904 | €32,899 | €33,132 | +€233 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,899 | €33,132 | +€233 | +0.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.