COBUCO: 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.
COBUCO
Largest movements
- Tangible fixed assets +€53,593
up €53,593 (+265.3%), from €20,203 to €73,797
of which Leasing and similar rights: +€50,006
- Receivables within one year -€26,084
down €26,084 (-61.3%), from €42,534 to €16,450
of which Other amounts receivable: -€22,384
- Cash +€22,498
up €22,498 (+475.7%), from €4,730 to €27,228
mainly Debts after one year (+€47,773) and Net result for the year (+€37,476)
- Debts after one year +€47,773
up €47,773 (+477.7%), from €10,000 to €57,773
- Current portion of long-term debt +€3,370
up €3,370 (+32.3%), from €10,439 to €13,809
- Other debts -€2,588
down €2,588 (-6.5%), from €40,064 to €37,476
- Gross operating margin +€6,368
up €6,368 (+10.2%), from €62,691 to €69,059
- Depreciation +€4,162
up €4,162 (+42.4%), from €9,825 to €13,987
- Financial charges +€1,853
up €1,853 (+265.4%), from €698 to €2,552
- Other operating charges +€1,779
up €1,779 (+131.3%), from €1,355 to €3,134
- Taxes +€1,202
up €1,202 (+11.1%), from €10,816 to €12,018
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 | €72,589 | €122,232 | +€49,643 | +68.4% |
| Fixed assets | 21/28 | €20,203 | €73,797 | +€53,593 | +265.3% |
| Tangible fixed assets | 22/27 | €20,203 | €73,797 | +€53,593 | +265.3% |
| Plant, machinery and equipment | 23 | €3,320 | €2,692 | -€628 | -18.9% |
| Furniture and vehicles | 24 | €5,806 | €10,022 | +€4,216 | +72.6% |
| Leasing and similar rights | 25 | €11,077 | €61,082 | +€50,006 | +451.4% |
| Current assets | 29/58 | €52,385 | €48,435 | -€3,950 | -7.5% |
| Amounts receivable within one year | 40/41 | €42,534 | €16,450 | -€26,084 | -61.3% |
| Trade receivables | 40 | €19,470 | €15,770 | -€3,700 | -19.0% |
| Other amounts receivable | 41 | €23,064 | €681 | -€22,384 | -97.0% |
| Current investments | 50/53 | €3,900 | €3,900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,730 | €27,228 | +€22,498 | +475.7% |
| Deferred charges and accrued income | 490/1 | €1,222 | €858 | -€364 | -29.8% |
| Total equity and liabilities | 10/49 | €72,589 | €122,232 | +€49,643 | +68.4% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,589 | €119,232 | +€49,643 | +71.3% |
| Amounts payable after more than one year | 17 | €10,000 | €57,773 | +€47,773 | +477.7% |
| Financial debts | 170/4 | €10,000 | €57,773 | +€47,773 | +477.7% |
| Amounts payable within one year | 42/48 | €59,549 | €61,362 | +€1,813 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €10,439 | €13,809 | +€3,370 | +32.3% |
| Trade debts | 44 | €58 | €74 | +€16 | +28.4% |
| Suppliers | 440/4 | €58 | €74 | +€16 | +28.4% |
| Taxes, remuneration and social security | 45 | €8,988 | €10,002 | +€1,014 | +11.3% |
| Taxes | 450/3 | €8,929 | €10,002 | +€1,073 | +12.0% |
| Remuneration and social security | 454/9 | €59 | €0 | -€59 | -100.0% |
| Other amounts payable | 47/48 | €40,064 | €37,476 | -€2,588 | -6.5% |
| Accrued charges and deferred income | 492/3 | €40 | €97 | +€57 | +142.5% |
| Non-recurring operating income | 76A | - | €2,312 | +€2,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,825 | €13,987 | +€4,162 | +42.4% |
| Other operating charges | 640/8 | €1,355 | €3,134 | +€1,779 | +131.3% |
| Gross operating margin | 9900 | €62,691 | €69,059 | +€6,368 | +10.2% |
| Operating profit (loss) | 9901 | €51,510 | €51,937 | +€427 | +0.8% |
| Financial income | 75/76B | €69 | €109 | +€40 | +58.3% |
| Recurring financial income | 75 | €69 | €109 | +€40 | +58.3% |
| Financial charges | 65/66B | €698 | €2,552 | +€1,853 | +265.4% |
| Recurring financial charges | 65 | €698 | €2,552 | +€1,853 | +265.4% |
| Profit (loss) for the period before taxes | 9903 | €50,880 | €49,494 | -€1,386 | -2.7% |
| Income taxes | 67/77 | €10,816 | €12,018 | +€1,202 | +11.1% |
| Profit (loss) for the period | 9904 | €40,064 | €37,476 | -€2,588 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,064 | €37,476 | -€2,588 | -6.5% |
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 7 October 2026 via checked.be.