COBRERO: 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.
What changed
COBRERO
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€47,986
2024 · €653,140-€605,154
Equity
€11.4m
2024 · €11.4m+€47,986
Cash
€120,233
2024 · €83,947+€36,286
Balance sheet total
€14.9m
2024 · €15.8m-€861,352
Largest movements
Assets
- Receivables within one year -€877,542
down €877,542 (-67.0%), from €1.3m to €432,417
of which Other amounts receivable: -€769,722
Equity and liabilities
- Other debts -€535,735
down €535,735 (-26.9%), from €2.0m to €1.5m
- Debts after one year -€325,000
down €325,000 (-14.4%), from €2.3m to €1.9m
Income statement
- Financial income -€1.1m
down €1.1m (-100%), from €1.1m to €0
- Turnover -€636,975
down €636,975 (-41.3%), from €1.5m to €903,900
- Services and other goods -€538,450
down €538,450 (-42.4%), from €1.3m to €730,695
- Depreciation -€510,666
down €510,666 (-96.9%), from €526,735 to €16,069
- Staff costs -€232,200
down €232,200 (-63.5%), from €365,617 to €133,417
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.
Result 2024
€653,140
Turnover
-€636,975
Other operating income
-€88,631
Services and other goods
+€538,450
Staff costs
+€232,200
Depreciation
+€510,666
Other operating charges
-€1,042
Financial income
-€1.1m
Financial charges
+€354
Taxes
-€16,177
Result 2025
€47,986
raises the resultlowers the result
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.
From operations
+€361,286
Investment
€0
Financing
-€325,000
Cash 2024
€83,947
From operations (derived)
+€361,286
Net result for the year
+€47,986
Depreciation
+€16,069
Receivables within one year
+€877,542
Deferred charges and accrued income
+€4,027
Trade debts
-€2,774
Tax, wage and social debts
-€49,339
Advances received
+€3,976
Other debts
-€535,735
Accrued charges and deferred income
-€466
Financing
-€325,000
Debts after one year
-€325,000
Cash 2025
€120,233
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,771,041 | €14,909,689 | -€861,352 | -5.5% |
| Fixed assets | 21/28 | €14,371,273 | €14,355,204 | -€16,069 | -0.1% |
| Intangible fixed assets | 21 | €3,785,252 | €3,785,252 | = | 0.0% |
| Tangible fixed assets | 22/27 | €173,178 | €157,109 | -€16,069 | -9.3% |
| Land and buildings | 22 | €173,178 | €157,109 | -€16,069 | -9.3% |
| Financial fixed assets | 28 | €10,412,844 | €10,412,844 | = | 0.0% |
| Affiliated companies | 280/1 | €10,412,844 | €10,412,844 | = | 0.0% |
| Participating interests | 280 | €10,412,844 | €10,412,844 | = | 0.0% |
| Current assets | 29/58 | €1,399,767 | €554,485 | -€845,283 | -60.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,309,959 | €432,417 | -€877,542 | -67.0% |
| Trade receivables | 40 | €113,265 | €5,445 | -€107,820 | -95.2% |
| Other amounts receivable | 41 | €1,196,694 | €426,972 | -€769,722 | -64.3% |
| Cash at bank and in hand | 54/58 | €83,947 | €120,233 | +€36,286 | +43.2% |
| Deferred charges and accrued income | 490/1 | €5,862 | €1,835 | -€4,027 | -68.7% |
| Total equity and liabilities | 10/49 | €15,771,041 | €14,909,689 | -€861,352 | -5.5% |
| Equity | 10/15 | €11,353,326 | €11,401,312 | +€47,986 | +0.4% |
| Contributions | 10/11 | €10,363,501 | €10,363,501 | = | 0.0% |
| Reserves | 13 | €49,851 | €49,851 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €49,851 | €49,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | €939,974 | €987,960 | +€47,986 | +5.1% |
| Amounts payable | 17/49 | €4,417,715 | €3,508,377 | -€909,338 | -20.6% |
| Amounts payable after more than one year | 17 | €2,260,000 | €1,935,000 | -€325,000 | -14.4% |
| Financial debts | 170/4 | €2,260,000 | €1,935,000 | -€325,000 | -14.4% |
| Other loans | 174 | €2,260,000 | €1,935,000 | -€325,000 | -14.4% |
| Amounts payable within one year | 42/48 | €2,157,131 | €1,573,259 | -€583,872 | -27.1% |
| Trade debts | 44 | €6,626 | €3,852 | -€2,774 | -41.9% |
| Suppliers | 440/4 | €6,626 | €3,852 | -€2,774 | -41.9% |
| Advances received on contracts in progress | 46 | - | €3,976 | +€3,976 | |
| Taxes, remuneration and social security | 45 | €160,581 | €111,242 | -€49,339 | -30.7% |
| Taxes | 450/3 | €73,911 | €70,229 | -€3,682 | -5.0% |
| Remuneration and social security | 454/9 | €86,670 | €41,012 | -€45,658 | -52.7% |
| Other amounts payable | 47/48 | €1,989,924 | €1,454,189 | -€535,735 | -26.9% |
| Accrued charges and deferred income | 492/3 | €584 | €118 | -€466 | -79.7% |
| Operating income | 70/76A | €1,675,812 | €950,206 | -€725,606 | -43.3% |
| Turnover | 70 | €1,540,875 | €903,900 | -€636,975 | -41.3% |
| Other operating income | 74 | €134,937 | €46,306 | -€88,631 | -65.7% |
| Operating charges | 60/66A | €2,165,157 | €884,882 | -€1.3m | -59.1% |
| Services and other goods | 61 | €1,269,145 | €730,695 | -€538,450 | -42.4% |
| Remuneration, social security and pensions | 62 | €365,617 | €133,417 | -€232,200 | -63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €526,735 | €16,069 | -€510,666 | -96.9% |
| Other operating charges | 640/8 | €3,660 | €4,701 | +€1,042 | +28.5% |
| Operating profit (loss) | 9901 | -€489,345 | €65,324 | +€554,669 | |
| Financial income | 75/76B | €1,144,000 | €0 | -€1.1m | -100% |
| Recurring financial income | 75 | €1,144,000 | €0 | -€1.1m | -100% |
| Income from financial fixed assets | 750 | €1,144,000 | €0 | -€1.1m | -100% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €814 | €460 | -€354 | -43.5% |
| Recurring financial charges | 65 | €814 | €460 | -€354 | -43.5% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €814 | €460 | -€354 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €653,841 | €64,864 | -€588,977 | -90.1% |
| Income taxes | 67/77 | €701 | €16,878 | +€16,177 | +2,307% |
| Taxes | 670/3 | €701 | €16,878 | +€16,177 | +2,307% |
| Profit (loss) for the period | 9904 | €653,140 | €47,986 | -€605,154 | -92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €653,140 | €47,986 | -€605,154 | -92.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.