COBRI: 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.
COBRI
Largest movements
- Cash +€36,298
up €36,298 (+19.7%), from €183,905 to €220,203
mainly Net result for the year (+€47,051) and Depreciation (+€15,934)
- Tangible fixed assets -€13,934
down €13,934 (-39.6%), from €35,185 to €21,251
of which Plant, machinery and equipment: -€9,000
- Reserves +€47,000
up €47,000 (+31.1%), from €151,059 to €198,059
of which Distributable reserves: +€47,000
- Debts after one year -€9,442
no longer reported in 2025 (was €9,442)
- Current portion of long-term debt -€6,824
down €6,824 (-42.7%), from €16,000 to €9,176
- Tax, wage and social debts -€6,597
down €6,597 (-47.7%), from €13,841 to €7,245
of which Taxes: -€6,597
- Financial income -€13,544
down €13,544 (-100.0%), from €13,544 to €0
of which Non-recurring financial income: -€13,536
- Gross operating margin +€3,314
up €3,314 (+4.2%), from €79,179 to €82,492
- Taxes -€2,669
down €2,669 (-12.6%), from €21,155 to €18,486
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 | €220,646 | €244,764 | +€24,118 | +10.9% |
| Fixed assets | 21/28 | €35,185 | €21,251 | -€13,934 | -39.6% |
| Tangible fixed assets | 22/27 | €35,185 | €21,251 | -€13,934 | -39.6% |
| Plant, machinery and equipment | 23 | €9,000 | - | -€9,000 | |
| Furniture and vehicles | 24 | €25,556 | €20,882 | -€4,674 | -18.3% |
| Leasing and similar rights | 25 | €629 | €369 | -€260 | -41.3% |
| Current assets | 29/58 | €185,461 | €223,513 | +€38,052 | +20.5% |
| Amounts receivable within one year | 40/41 | €0 | €1,514 | +€1,514 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €1,514 | +€1,514 | |
| Cash at bank and in hand | 54/58 | €183,905 | €220,203 | +€36,298 | +19.7% |
| Deferred charges and accrued income | 490/1 | €1,556 | €1,796 | +€240 | +15.4% |
| Total equity and liabilities | 10/49 | €220,646 | €244,764 | +€24,118 | +10.9% |
| Equity | 10/15 | €173,385 | €220,437 | +€47,051 | +27.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €151,059 | €198,059 | +€47,000 | +31.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €149,200 | €196,200 | +€47,000 | +31.5% |
| Profit (loss) carried forward | 14 | €16,129 | €16,180 | +€51 | +0.3% |
| Amounts payable | 17/49 | €47,261 | €24,328 | -€22,934 | -48.5% |
| Amounts payable after more than one year | 17 | €9,442 | - | -€9,442 | |
| Financial debts | 170/4 | €9,442 | - | -€9,442 | |
| Amounts payable within one year | 42/48 | €37,819 | €24,328 | -€13,491 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €16,000 | €9,176 | -€6,824 | -42.7% |
| Trade debts | 44 | €745 | €788 | +€42 | +5.7% |
| Suppliers | 440/4 | €745 | €788 | +€42 | +5.7% |
| Taxes, remuneration and social security | 45 | €13,841 | €7,245 | -€6,597 | -47.7% |
| Taxes | 450/3 | €11,341 | €4,745 | -€6,597 | -58.2% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €7,232 | €7,119 | -€113 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,934 | €15,934 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €463 | -€66 | -12.4% |
| Gross operating margin | 9900 | €79,179 | €82,492 | +€3,314 | +4.2% |
| Operating profit (loss) | 9901 | €62,716 | €66,096 | +€3,379 | +5.4% |
| Financial income | 75/76B | €13,544 | €0 | -€13,544 | -100.0% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.6% |
| Non-recurring financial income | 76B | €13,536 | - | -€13,536 | |
| Financial charges | 65/66B | €1,111 | €558 | -€553 | -49.7% |
| Recurring financial charges | 65 | €1,111 | €558 | -€553 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | €75,149 | €65,537 | -€9,612 | -12.8% |
| Income taxes | 67/77 | €21,155 | €18,486 | -€2,669 | -12.6% |
| Profit (loss) for the period | 9904 | €53,994 | €47,051 | -€6,943 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,994 | €47,051 | -€6,943 | -12.9% |
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 25 October 2026 via checked.be.