COOBALT: 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.
COOBALT
Largest movements
- Stocks and contracts -€124,886
down €124,886 (-100.0%), from €124,886 to €0
- Tangible fixed assets +€118,042
up €118,042 (+2683.8%), from €4,398 to €122,440
of which Land and buildings: +€116,117
- Cash +€73,569
up €73,569 (+750.0%), from €9,809 to €83,378
mainly Stocks and contracts (+€124,886) and Net result for the year (+€97,310)
- Receivables within one year +€35,090
up €35,090 (+72.2%), from €48,617 to €83,707
of which Trade receivables: +€39,354
- Reserves +€97,310
up €97,310 (+371.4%), from €26,202 to €123,511
- Debts after one year -€55,569
down €55,569 (-44.5%), from €125,000 to €69,431
- Tax, wage and social debts +€35,312
up €35,312 (+235.5%), from €14,993 to €50,305
of which Taxes: +€35,312
- Trade debts +€20,667
up €20,667 (+515.0%), from €4,013 to €24,680
- Current portion of long-term debt +€16,527
new in 2025: €16,527
- Gross operating margin +€94,091
up €94,091 (+209.8%), from €44,840 to €138,931
- Taxes +€20,054
up €20,054 (+262.7%), from €7,635 to €27,689
- Depreciation +€6,145
up €6,145 (+13118.4%), from €47 to €6,191
- Financial charges +€4,410
up €4,410 (+577.6%), from €763 to €5,173
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,266 | €290,277 | +€102,011 | +54.2% |
| Fixed assets | 21/28 | €4,398 | €122,440 | +€118,042 | +2683.8% |
| Tangible fixed assets | 22/27 | €4,398 | €122,440 | +€118,042 | +2683.8% |
| Land and buildings | 22 | - | €116,117 | +€116,117 | |
| Plant, machinery and equipment | 23 | - | €3,133 | +€3,133 | |
| Furniture and vehicles | 24 | €4,398 | €3,190 | -€1,208 | -27.5% |
| Current assets | 29/58 | €183,868 | €167,837 | -€16,031 | -8.7% |
| Stocks and contracts in progress | 3 | €124,886 | €0 | -€124,886 | -100.0% |
| Stocks | 30/36 | €124,886 | €0 | -€124,886 | -100.0% |
| Amounts receivable within one year | 40/41 | €48,617 | €83,707 | +€35,090 | +72.2% |
| Trade receivables | 40 | €44,352 | €83,707 | +€39,354 | +88.7% |
| Other amounts receivable | 41 | €4,265 | €0 | -€4,265 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,809 | €83,378 | +€73,569 | +750.0% |
| Deferred charges and accrued income | 490/1 | €556 | €752 | +€197 | +35.4% |
| Total equity and liabilities | 10/49 | €188,266 | €290,277 | +€102,011 | +54.2% |
| Equity | 10/15 | €28,202 | €125,511 | +€97,310 | +345.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €26,202 | €123,511 | +€97,310 | +371.4% |
| Distributable reserves | 133 | €26,202 | €123,511 | +€97,310 | +371.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €160,065 | €164,766 | +€4,701 | +2.9% |
| Amounts payable after more than one year | 17 | €125,000 | €69,431 | -€55,569 | -44.5% |
| Financial debts | 170/4 | €125,000 | €69,431 | -€55,569 | -44.5% |
| Amounts payable within one year | 42/48 | €28,006 | €94,670 | +€66,664 | +238.0% |
| Current portion of amounts payable after more than one year | 42 | - | €16,527 | +€16,527 | |
| Trade debts | 44 | €4,013 | €24,680 | +€20,667 | +515.0% |
| Suppliers | 440/4 | €4,013 | €24,680 | +€20,667 | +515.0% |
| Taxes, remuneration and social security | 45 | €14,993 | €50,305 | +€35,312 | +235.5% |
| Taxes | 450/3 | €14,833 | €50,145 | +€35,312 | +238.1% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €9,000 | €3,158 | -€5,842 | -64.9% |
| Accrued charges and deferred income | 492/3 | €7,059 | €665 | -€6,394 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €6,191 | +€6,145 | +13118.4% |
| Other operating charges | 640/8 | €387 | €752 | +€365 | +94.1% |
| Non-recurring operating charges | 66A | €1,083 | €2,306 | +€1,222 | +112.9% |
| Gross operating margin | 9900 | €44,840 | €138,931 | +€94,091 | +209.8% |
| Operating profit (loss) | 9901 | €43,322 | €129,682 | +€86,360 | +199.3% |
| Financial income | 75/76B | €277 | €490 | +€212 | +76.5% |
| Recurring financial income | 75 | €277 | €490 | +€212 | +76.5% |
| Financial charges | 65/66B | €763 | €5,173 | +€4,410 | +577.6% |
| Recurring financial charges | 65 | €763 | €5,173 | +€4,410 | +577.6% |
| Profit (loss) for the period before taxes | 9903 | €42,836 | €124,999 | +€82,162 | +191.8% |
| Income taxes | 67/77 | €7,635 | €27,689 | +€20,054 | +262.7% |
| Profit (loss) for the period | 9904 | €35,202 | €97,310 | +€62,108 | +176.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,202 | €97,310 | +€62,108 | +176.4% |
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 7 October 2026 via checked.be.