COBUSS MANAGEMENT: 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.
COBUSS MANAGEMENT
Largest movements
- Receivables within one year +€415,632
up €415,632 (+296%), from €140,297 to €555,929
of which Trade receivables: +€360,345
- Stocks and contracts -€81,000
down €81,000 (-100%), from €81,000 to €0
- Cash +€23,837
up €23,837 (+312%), from €7,628 to €31,465
mainly Trade debts (+€308,062) and Stocks and contracts (+€81,000)
- Tangible fixed assets -€12,506
down €12,506 (-3.4%), from €371,489 to €358,983
of which Land and buildings: -€9,099
- Trade debts +€308,062
up €308,062 (+7,273%), from €4,236 to €312,298
- Profit (loss) carried forward +€52,195
up €52,195 (+49.5%), from -€105,364 to -€53,169
- Debts after one year -€21,397
down €21,397 (-10.6%), from €202,232 to €180,835
- Gross operating margin +€50,093
up €50,093 (+125%), from €39,948 to €90,041
- Financial income +€12,140
up €12,140 (+7,552%), from €161 to €12,301
- Other operating charges +€10,354
up €10,354 (+507%), from €2,042 to €12,396
- Financial charges +€9,401
up €9,401 (+74.5%), from €12,625 to €22,026
- Depreciation +€1,432
up €1,432 (+10.2%), from €14,022 to €15,454
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 | €601,993 | €948,447 | +€346,454 | +57.6% |
| Fixed assets | 21/28 | €371,489 | €358,984 | -€12,505 | -3.4% |
| Tangible fixed assets | 22/27 | €371,489 | €358,983 | -€12,506 | -3.4% |
| Land and buildings | 22 | €360,721 | €351,622 | -€9,099 | -2.5% |
| Plant, machinery and equipment | 23 | €1,072 | €382 | -€690 | -64.4% |
| Furniture and vehicles | 24 | €9,697 | €6,980 | -€2,717 | -28.0% |
| Financial fixed assets | 28 | - | €1 | +€1 | |
| Current assets | 29/58 | €230,504 | €589,463 | +€358,959 | +156% |
| Stocks and contracts in progress | 3 | €81,000 | €0 | -€81,000 | -100% |
| Stocks | 30/36 | €81,000 | €0 | -€81,000 | -100% |
| Amounts receivable within one year | 40/41 | €140,297 | €555,929 | +€415,632 | +296% |
| Trade receivables | 40 | €52,752 | €413,096 | +€360,345 | +683% |
| Other amounts receivable | 41 | €87,546 | €142,833 | +€55,287 | +63.2% |
| Cash at bank and in hand | 54/58 | €7,628 | €31,465 | +€23,837 | +312% |
| Deferred charges and accrued income | 490/1 | €1,578 | €2,068 | +€490 | +31.0% |
| Total equity and liabilities | 10/49 | €601,993 | €948,447 | +€346,454 | +57.6% |
| Equity | 10/15 | -€32,115 | €20,080 | +€52,195 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €63,249 | €63,249 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €63,249 | €63,249 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,364 | -€53,169 | +€52,195 | +49.5% |
| Amounts payable | 17/49 | €634,108 | €928,367 | +€294,259 | +46.4% |
| Amounts payable after more than one year | 17 | €202,232 | €180,835 | -€21,397 | -10.6% |
| Financial debts | 170/4 | €202,232 | €180,835 | -€21,397 | -10.6% |
| Amounts payable within one year | 42/48 | €431,230 | €747,532 | +€316,302 | +73.3% |
| Current portion of amounts payable after more than one year | 42 | €20,434 | €21,397 | +€963 | +4.7% |
| Trade debts | 44 | €4,236 | €312,298 | +€308,062 | +7,273% |
| Suppliers | 440/4 | €4,236 | €312,298 | +€308,062 | +7,273% |
| Taxes, remuneration and social security | 45 | €707 | €651 | -€56 | -7.9% |
| Taxes | 450/3 | €707 | €651 | -€56 | -7.9% |
| Other amounts payable | 47/48 | €405,853 | €413,186 | +€7,333 | +1.8% |
| Accrued charges and deferred income | 492/3 | €646 | €0 | -€646 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,022 | €15,454 | +€1,432 | +10.2% |
| Other operating charges | 640/8 | €2,042 | €12,396 | +€10,354 | +507% |
| Non-recurring operating charges | 66A | - | €271 | +€271 | |
| Gross operating margin | 9900 | €39,948 | €90,041 | +€50,093 | +125% |
| Operating profit (loss) | 9901 | €23,885 | €61,921 | +€38,036 | +159% |
| Financial income | 75/76B | €161 | €12,301 | +€12,140 | +7,552% |
| Recurring financial income | 75 | €161 | €12,301 | +€12,140 | +7,552% |
| Financial charges | 65/66B | €12,625 | €22,026 | +€9,401 | +74.5% |
| Recurring financial charges | 65 | €12,625 | €22,026 | +€9,401 | +74.5% |
| Profit (loss) for the period before taxes | 9903 | €11,420 | €52,195 | +€40,775 | +357% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €11,420 | €52,195 | +€40,775 | +357% |
| Profit (loss) for the period to be appropriated | 9905 | €11,420 | €52,195 | +€40,775 | +357% |
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.