COBUT Jean: 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.
COBUT Jean
Largest movements
- Tangible fixed assets +€66,162
up €66,162 (+504%), from €13,128 to €79,290
of which Furniture and vehicles: +€34,877
- Receivables within one year +€4,919
up €4,919 (+18.9%), from €25,983 to €30,902
of which Trade receivables: +€6,939
- Deferred charges and accrued income +€1,815
up €1,815 (+427%), from €425 to €2,240
- Reserves +€32,936
up €32,936 (+1,771%), from €1,860 to €34,796
of which Distributable reserves: +€34,796
- Advances received +€29,878
new in 2025: €29,878
- Trade debts +€10,658
up €10,658 (+140%), from €7,628 to €18,286
- Gross operating margin +€66,435
up €66,435 (+198%), from €33,618 to €100,053
- Staff costs +€12,300
up €12,300 (+34.7%), from €35,496 to €47,795
- Depreciation +€9,011
up €9,011 (+195%), from €4,610 to €13,621
- Taxes +€4,332
new in 2025: €4,332
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 | €71,912 | €145,221 | +€73,309 | +102% |
| Fixed assets | 21/28 | €13,228 | €79,390 | +€66,162 | +500% |
| Tangible fixed assets | 22/27 | €13,128 | €79,290 | +€66,162 | +504% |
| Plant, machinery and equipment | 23 | €6,482 | €37,768 | +€31,285 | +483% |
| Furniture and vehicles | 24 | €6,646 | €41,522 | +€34,877 | +525% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €58,684 | €65,831 | +€7,147 | +12.2% |
| Stocks and contracts in progress | 3 | €23,511 | €22,798 | -€712 | -3.0% |
| Stocks | 30/36 | €23,511 | €22,798 | -€712 | -3.0% |
| Amounts receivable within one year | 40/41 | €25,983 | €30,902 | +€4,919 | +18.9% |
| Trade receivables | 40 | €2,989 | €9,929 | +€6,939 | +232% |
| Other amounts receivable | 41 | €22,994 | €20,974 | -€2,020 | -8.8% |
| Cash at bank and in hand | 54/58 | €8,766 | €9,890 | +€1,125 | +12.8% |
| Deferred charges and accrued income | 490/1 | €425 | €2,240 | +€1,815 | +427% |
| Total equity and liabilities | 10/49 | €71,912 | €145,221 | +€73,309 | +102% |
| Equity | 10/15 | €55,043 | €87,978 | +€32,936 | +59.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €34,796 | +€32,936 | +1,771% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €34,796 | +€34,796 | |
| Profit (loss) carried forward | 14 | €34,583 | €34,583 | = | 0.0% |
| Amounts payable | 17/49 | €16,870 | €57,243 | +€40,373 | +239% |
| Amounts payable within one year | 42/48 | €16,870 | €57,243 | +€40,373 | +239% |
| Current portion of amounts payable after more than one year | 42 | €2,037 | €2,024 | -€13 | -0.6% |
| Financial debts | 43 | €19 | €6 | -€13 | -68.2% |
| Credit institutions | 430/8 | €19 | €6 | -€13 | -68.2% |
| Trade debts | 44 | €7,628 | €18,286 | +€10,658 | +140% |
| Suppliers | 440/4 | €7,628 | €18,286 | +€10,658 | +140% |
| Advances received on contracts in progress | 46 | - | €29,878 | +€29,878 | |
| Taxes, remuneration and social security | 45 | €7,186 | €7,049 | -€136 | -1.9% |
| Taxes | 450/3 | €60 | €235 | +€175 | +294% |
| Remuneration and social security | 454/9 | €7,126 | €6,814 | -€312 | -4.4% |
| Remuneration, social security and pensions | 62 | €35,496 | €47,795 | +€12,300 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,610 | €13,621 | +€9,011 | +195% |
| Other operating charges | 640/8 | €1,189 | €1,185 | -€3 | -0.3% |
| Gross operating margin | 9900 | €33,618 | €100,053 | +€66,435 | +198% |
| Operating profit (loss) | 9901 | -€7,676 | €37,451 | +€45,127 | |
| Financial income | 75/76B | €364 | €551 | +€188 | +51.6% |
| Recurring financial income | 75 | €364 | €551 | +€188 | +51.6% |
| Financial charges | 65/66B | €1,288 | €735 | -€553 | -42.9% |
| Recurring financial charges | 65 | €1,288 | €735 | -€553 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,600 | €37,267 | +€45,867 | |
| Income taxes | 67/77 | - | €4,332 | +€4,332 | |
| Profit (loss) for the period | 9904 | -€8,600 | €32,936 | +€41,536 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,600 | €32,936 | +€41,536 |
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 19 October 2026 via checked.be.