COBURG Consulting: 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.
COBURG Consulting
Largest movements
- Current investments +€277,891
up €277,891 (+232%), from €120,010 to €397,901
- Cash +€28,230
up €28,230 (+49.3%), from €57,300 to €85,530
mainly Net result for the year (+€289,302) and Tax, wage and social debts (+€23,063)
- Receivables within one year -€18,585
down €18,585 (-63.0%), from €29,499 to €10,914
of which Trade receivables: -€16,000
- Tangible fixed assets -€12,948
down €12,948 (-5.2%), from €249,131 to €236,183
of which Land and buildings: -€7,212
- Reserves +€273,626
up €273,626 (+69.7%), from €392,554 to €666,180
- Tax, wage and social debts +€23,063
up €23,063 (+16,724%), from €138 to €23,201
- Current portion of long-term debt -€17,321
down €17,321 (-53.3%), from €32,514 to €15,193
- Debts after one year -€12,670
no longer reported in 2025 (was €12,670)
- Trade debts +€7,458
up €7,458 (+2,226%), from €335 to €7,793
- Gross operating margin +€274,918
up €274,918 (+1,653%), from €16,631 to €291,549
- Financial income +€111,420
up €111,420 (+6,713%), from €1,660 to €113,080
- Taxes +€97,889
up €97,889 (+20,351%), from €481 to €98,370
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 | €466,332 | €740,423 | +€274,091 | +58.8% |
| Fixed assets | 21/28 | €259,319 | €245,861 | -€13,458 | -5.2% |
| Tangible fixed assets | 22/27 | €249,131 | €236,183 | -€12,948 | -5.2% |
| Land and buildings | 22 | €215,095 | €207,883 | -€7,212 | -3.4% |
| Plant, machinery and equipment | 23 | €31,832 | €26,270 | -€5,562 | -17.5% |
| Furniture and vehicles | 24 | €2,204 | €2,030 | -€174 | -7.9% |
| Financial fixed assets | 28 | €10,188 | €9,678 | -€510 | -5.0% |
| Current assets | 29/58 | €207,013 | €494,562 | +€287,549 | +139% |
| Amounts receivable within one year | 40/41 | €29,499 | €10,914 | -€18,585 | -63.0% |
| Trade receivables | 40 | €22,370 | €6,370 | -€16,000 | -71.5% |
| Other amounts receivable | 41 | €7,129 | €4,544 | -€2,585 | -36.3% |
| Current investments | 50/53 | €120,010 | €397,901 | +€277,891 | +232% |
| Cash at bank and in hand | 54/58 | €57,300 | €85,530 | +€28,230 | +49.3% |
| Deferred charges and accrued income | 490/1 | €204 | €217 | +€13 | +6.6% |
| Total equity and liabilities | 10/49 | €466,332 | €740,423 | +€274,091 | +58.8% |
| Equity | 10/15 | €420,610 | €694,236 | +€273,626 | +65.1% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €392,554 | €666,180 | +€273,626 | +69.7% |
| Distributable reserves | 133 | €392,554 | €666,180 | +€273,626 | +69.7% |
| Profit (loss) carried forward | 14 | €6,056 | €6,056 | = | 0.0% |
| Amounts payable | 17/49 | €45,723 | €46,187 | +€464 | +1.0% |
| Amounts payable after more than one year | 17 | €12,670 | - | -€12,670 | |
| Financial debts | 170/4 | €12,670 | - | -€12,670 | |
| Amounts payable within one year | 42/48 | €32,987 | €46,186 | +€13,199 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €32,514 | €15,193 | -€17,321 | -53.3% |
| Trade debts | 44 | €335 | €7,793 | +€7,458 | +2,226% |
| Suppliers | 440/4 | €335 | €7,793 | +€7,458 | +2,226% |
| Taxes, remuneration and social security | 45 | €138 | €23,201 | +€23,063 | +16,724% |
| Taxes | 450/3 | €138 | €23,201 | +€23,063 | +16,724% |
| Accrued charges and deferred income | 492/3 | €66 | €1 | -€65 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,795 | €13,777 | -€18 | -0.1% |
| Other operating charges | 640/8 | €1,925 | €2,449 | +€524 | +27.2% |
| Gross operating margin | 9900 | €16,631 | €291,549 | +€274,918 | +1,653% |
| Operating profit (loss) | 9901 | €912 | €275,324 | +€274,412 | +30,099% |
| Financial income | 75/76B | €1,660 | €113,080 | +€111,420 | +6,713% |
| Recurring financial income | 75 | €1,660 | €113,080 | +€111,420 | +6,713% |
| Financial charges | 65/66B | €1,334 | €732 | -€602 | -45.1% |
| Recurring financial charges | 65 | €1,334 | €732 | -€602 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €1,238 | €387,672 | +€386,434 | +31,222% |
| Income taxes | 67/77 | €481 | €98,370 | +€97,889 | +20,351% |
| Profit (loss) for the period | 9904 | €757 | €289,302 | +€288,545 | +38,134% |
| Profit (loss) for the period to be appropriated | 9905 | €757 | €289,302 | +€288,545 | +38,134% |
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 30 October 2026 via checked.be.