COBUREX: 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.
What changed
COBUREX
NACE 46.491, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€59,191
2024 · -€23,977-€35,215
Equity
€225,780
2024 · €284,971-€59,191
Cash
€3,060
2024 · €3,005+€54
Balance sheet total
€884,795
2024 · €904,796-€20,002
Largest movements
Assets
- Receivables within one year -€24,956
down €24,956 (-16.6%), from €150,530 to €125,574
of which Trade receivables: -€20,684
Equity and liabilities
- Profit (loss) carried forward -€59,191
down €59,191 (-24.2%), from -€244,863 to -€304,054
- Other debts +€37,483
up €37,483 (+6.3%), from €593,797 to €631,279
Income statement
- Gross operating margin -€34,156
down €34,156 (-99.0%), from -€34,492 to -€68,647
- Financial income -€863
down €863 (-3.2%), from €27,062 to €26,200
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
-€23,977
Gross operating margin
-€34,156
Depreciation
+€28
Other operating charges
-€160
Financial income
-€863
Financial charges
-€64
Result 2025
-€59,191
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.
From operations
+€16,299
Investment
-€16,244
Financing
€0
Cash 2024
€3,005
From operations (derived)
+€16,299
Net result for the year
-€59,191
Depreciation
+€11,421
Receivables within one year
+€24,956
Deferred charges and accrued income
-€76
Trade debts
+€2,625
Tax, wage and social debts
-€918
Other debts
+€37,483
Investment (derived)
-€16,244
Investment in fixed assets (net)
-€16,244
Cash 2025
€3,060
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €904,796 | €884,795 | -€20,002 | -2.2% |
| Fixed assets | 21/28 | €149,918 | €154,742 | +€4,824 | +3.2% |
| Tangible fixed assets | 22/27 | €149,668 | €154,492 | +€4,824 | +3.2% |
| Land and buildings | 22 | €74,578 | €69,910 | -€4,668 | -6.3% |
| Plant, machinery and equipment | 23 | €41,430 | €51,822 | +€10,393 | +25.1% |
| Furniture and vehicles | 24 | €33,660 | €32,760 | -€901 | -2.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €754,878 | €730,053 | -€24,825 | -3.3% |
| Amounts receivable after more than one year | 29 | €600,000 | €600,000 | = | 0.0% |
| Other amounts receivable | 291 | €600,000 | €600,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €150,530 | €125,574 | -€24,956 | -16.6% |
| Trade receivables | 40 | €49,684 | €29,000 | -€20,684 | -41.6% |
| Other amounts receivable | 41 | €100,846 | €96,574 | -€4,272 | -4.2% |
| Cash at bank and in hand | 54/58 | €3,005 | €3,060 | +€54 | +1.8% |
| Deferred charges and accrued income | 490/1 | €1,343 | €1,419 | +€76 | +5.7% |
| Total equity and liabilities | 10/49 | €904,796 | €884,795 | -€20,002 | -2.2% |
| Equity | 10/15 | €284,971 | €225,780 | -€59,191 | -20.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €29,834 | €29,834 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,189 | €7,189 | = | 0.0% |
| Legal reserve | 130 | €7,189 | €7,189 | = | 0.0% |
| Distributable reserves | 133 | €22,645 | €22,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€244,863 | -€304,054 | -€59,191 | -24.2% |
| Amounts payable | 17/49 | €619,825 | €659,015 | +€39,190 | +6.3% |
| Amounts payable within one year | 42/48 | €619,825 | €659,015 | +€39,190 | +6.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €19,326 | €21,952 | +€2,625 | +13.6% |
| Suppliers | 440/4 | €19,326 | €21,952 | +€2,625 | +13.6% |
| Taxes, remuneration and social security | 45 | €6,702 | €5,784 | -€918 | -13.7% |
| Taxes | 450/3 | €6,702 | €5,784 | -€918 | -13.7% |
| Other amounts payable | 47/48 | €593,797 | €631,279 | +€37,483 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,449 | €11,421 | -€28 | -0.2% |
| Other operating charges | 640/8 | €4,402 | €4,562 | +€160 | +3.6% |
| Gross operating margin | 9900 | -€34,492 | -€68,647 | -€34,156 | -99.0% |
| Operating profit (loss) | 9901 | -€50,342 | -€84,630 | -€34,288 | -68.1% |
| Financial income | 75/76B | €27,062 | €26,200 | -€863 | -3.2% |
| Recurring financial income | 75 | €27,062 | €26,200 | -€863 | -3.2% |
| Financial charges | 65/66B | €697 | €761 | +€64 | +9.2% |
| Recurring financial charges | 65 | €697 | €761 | +€64 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,977 | -€59,191 | -€35,215 | -146.9% |
| Profit (loss) for the period | 9904 | -€23,977 | -€59,191 | -€35,215 | -146.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,977 | -€59,191 | -€35,215 | -146.9% |
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 6 October 2026 via checked.be.