CobVDE Horeca: 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.
CobVDE Horeca
Largest movements
- Receivables within one year +€34,752
up €34,752 (+67.6%), from €51,380 to €86,132
of which Other amounts receivable: +€31,548
- Cash -€14,615
down €14,615 (-54.9%), from €26,605 to €11,990
mainly Receivables within one year (-€34,752) and Net result for the year (-€14,316)
- Tangible fixed assets -€2,568
down €2,568 (-16.2%), from €15,809 to €13,240
of which Plant, machinery and equipment: -€2,594
- Financial fixed assets +€1,535
new in 2025: €1,535
- Tax, wage and social debts +€16,395
up €16,395 (+64.1%), from €25,562 to €41,957
of which Remuneration and social security: +€10,242
- Trade debts +€16,096
up €16,096 (+194%), from €8,285 to €24,381
- Profit (loss) carried forward -€14,316
down €14,316 (-43.8%), from -€32,679 to -€46,995
- Gross operating margin +€67,166
up €67,166 (+96.9%), from €69,291 to €136,457
- Staff costs +€49,246
up €49,246 (+53.1%), from €92,725 to €141,972
- Depreciation +€2,223
up €2,223 (+100%), from €2,214 to €4,438
- Other operating charges -€1,501
down €1,501 (-40.2%), from €3,730 to €2,229
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 | €101,168 | €119,344 | +€18,175 | +18.0% |
| Fixed assets | 21/28 | €18,561 | €16,778 | -€1,783 | -9.6% |
| Intangible fixed assets | 21 | €2,752 | €2,002 | -€750 | -27.2% |
| Tangible fixed assets | 22/27 | €15,809 | €13,240 | -€2,568 | -16.2% |
| Plant, machinery and equipment | 23 | €9,457 | €6,863 | -€2,594 | -27.4% |
| Furniture and vehicles | 24 | €6,352 | €6,378 | +€25 | +0.4% |
| Financial fixed assets | 28 | - | €1,535 | +€1,535 | |
| Current assets | 29/58 | €82,607 | €102,566 | +€19,958 | +24.2% |
| Stocks and contracts in progress | 3 | €4,622 | €4,443 | -€178 | -3.9% |
| Stocks | 30/36 | €4,622 | €4,443 | -€178 | -3.9% |
| Amounts receivable within one year | 40/41 | €51,380 | €86,132 | +€34,752 | +67.6% |
| Trade receivables | 40 | €1,380 | €4,584 | +€3,204 | +232% |
| Other amounts receivable | 41 | €50,000 | €81,548 | +€31,548 | +63.1% |
| Cash at bank and in hand | 54/58 | €26,605 | €11,990 | -€14,615 | -54.9% |
| Total equity and liabilities | 10/49 | €101,168 | €119,344 | +€18,175 | +18.0% |
| Equity | 10/15 | €67,321 | €53,005 | -€14,316 | -21.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,679 | -€46,995 | -€14,316 | -43.8% |
| Amounts payable | 17/49 | €33,847 | €66,338 | +€32,491 | +96.0% |
| Amounts payable within one year | 42/48 | €33,847 | €66,338 | +€32,491 | +96.0% |
| Trade debts | 44 | €8,285 | €24,381 | +€16,096 | +194% |
| Suppliers | 440/4 | €8,285 | €24,381 | +€16,096 | +194% |
| Taxes, remuneration and social security | 45 | €25,562 | €41,957 | +€16,395 | +64.1% |
| Taxes | 450/3 | €10,503 | €16,655 | +€6,153 | +58.6% |
| Remuneration and social security | 454/9 | €15,059 | €25,302 | +€10,242 | +68.0% |
| Remuneration, social security and pensions | 62 | €92,725 | €141,972 | +€49,246 | +53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,214 | €4,438 | +€2,223 | +100% |
| Other operating charges | 640/8 | €3,730 | €2,229 | -€1,501 | -40.2% |
| Gross operating margin | 9900 | €69,291 | €136,457 | +€67,166 | +96.9% |
| Operating profit (loss) | 9901 | -€29,379 | -€12,181 | +€17,198 | +58.5% |
| Financial income | 75/76B | - | €808 | +€808 | |
| Recurring financial income | 75 | - | €808 | +€808 | |
| Financial charges | 65/66B | €3,300 | €2,942 | -€358 | -10.8% |
| Recurring financial charges | 65 | €3,300 | €2,942 | -€358 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€32,679 | -€14,316 | +€18,363 | +56.2% |
| Profit (loss) for the period | 9904 | -€32,679 | -€14,316 | +€18,363 | +56.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,679 | -€14,316 | +€18,363 | +56.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.