GROEP COBOISE: 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.
GROEP COBOISE
Largest movements
- Cash -€9,256
down €9,256 (-5.8%), from €158,759 to €149,504
mainly Contributions, distributions and other (-€40,000) and Trade debts (-€19,747)
- Tangible fixed assets -€7,723
down €7,723 (-9.2%), from €83,647 to €75,924
of which Land and buildings: -€9,135
- Stocks and contracts +€5,285
up €5,285 (+8.8%), from €60,189 to €65,474
- Receivables within one year +€3,485
up €3,485 (+11.0%), from €31,583 to €35,068
- Other debts +€23,310
up €23,310 (+159%), from €14,631 to €37,941
- Trade debts -€19,747
down €19,747 (-50.5%), from €39,071 to €19,324
- Reserves -€5,545
down €5,545 (-3.1%), from €176,651 to €171,106
of which Distributable reserves: -€5,545
- Current portion of long-term debt +€4,594
up €4,594 (+199%), from €2,308 to €6,902
- Debts after one year -€4,213
no longer reported in 2026 (was €4,213)
- Gross operating margin -€24,992
down €24,992 (-25.1%), from €99,501 to €74,508
- Taxes -€4,382
down €4,382 (-19.7%), from €22,187 to €17,805
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,179 | €327,301 | -€6,878 | -2.1% |
| Fixed assets | 21/28 | €83,647 | €75,924 | -€7,723 | -9.2% |
| Tangible fixed assets | 22/27 | €83,647 | €75,924 | -€7,723 | -9.2% |
| Land and buildings | 22 | €74,322 | €65,186 | -€9,135 | -12.3% |
| Plant, machinery and equipment | 23 | €4,674 | €3,605 | -€1,069 | -22.9% |
| Furniture and vehicles | 24 | €4,652 | €7,132 | +€2,481 | +53.3% |
| Current assets | 29/58 | €250,532 | €251,377 | +€845 | +0.3% |
| Stocks and contracts in progress | 3 | €60,189 | €65,474 | +€5,285 | +8.8% |
| Stocks | 30/36 | €60,189 | €65,474 | +€5,285 | +8.8% |
| Amounts receivable within one year | 40/41 | €31,583 | €35,068 | +€3,485 | +11.0% |
| Trade receivables | 40 | €31,583 | €35,068 | +€3,485 | +11.0% |
| Cash at bank and in hand | 54/58 | €158,759 | €149,504 | -€9,256 | -5.8% |
| Deferred charges and accrued income | 490/1 | - | €1,331 | +€1,331 | |
| Total equity and liabilities | 10/49 | €334,179 | €327,301 | -€6,878 | -2.1% |
| Equity | 10/15 | €253,845 | €248,000 | -€5,845 | -2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €176,651 | €171,106 | -€5,545 | -3.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,011 | €9,011 | = | 0.0% |
| Distributable reserves | 133 | €165,780 | €160,235 | -€5,545 | -3.3% |
| Profit (loss) carried forward | 14 | €58,602 | €58,302 | -€300 | -0.5% |
| Amounts payable | 17/49 | €80,334 | €79,301 | -€1,033 | -1.3% |
| Amounts payable after more than one year | 17 | €4,213 | - | -€4,213 | |
| Financial debts | 170/4 | €4,213 | - | -€4,213 | |
| Amounts payable within one year | 42/48 | €76,121 | €78,756 | +€2,635 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €2,308 | €6,902 | +€4,594 | +199% |
| Financial debts | 43 | €2,028 | - | -€2,028 | |
| Credit institutions | 430/8 | €2,028 | - | -€2,028 | |
| Trade debts | 44 | €39,071 | €19,324 | -€19,747 | -50.5% |
| Suppliers | 440/4 | €39,071 | €19,324 | -€19,747 | -50.5% |
| Taxes, remuneration and social security | 45 | €18,083 | €14,589 | -€3,495 | -19.3% |
| Taxes | 450/3 | €18,083 | €14,589 | -€3,495 | -19.3% |
| Other amounts payable | 47/48 | €14,631 | €37,941 | +€23,310 | +159% |
| Accrued charges and deferred income | 492/3 | - | €545 | +€545 | |
| Non-recurring operating income | 76A | - | €7,973 | +€7,973 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,915 | €14,735 | -€180 | -1.2% |
| Other operating charges | 640/8 | €2,442 | €2,378 | -€63 | -2.6% |
| Non-recurring operating charges | 66A | - | €4 | +€4 | |
| Gross operating margin | 9900 | €99,501 | €74,508 | -€24,992 | -25.1% |
| Operating profit (loss) | 9901 | €82,144 | €57,392 | -€24,753 | -30.1% |
| Financial income | 75/76B | €697 | €372 | -€325 | -46.7% |
| Recurring financial income | 75 | €697 | €372 | -€325 | -46.7% |
| Financial charges | 65/66B | €5,875 | €5,803 | -€72 | -1.2% |
| Recurring financial charges | 65 | €5,875 | €5,803 | -€72 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €76,967 | €51,960 | -€25,006 | -32.5% |
| Income taxes | 67/77 | €22,187 | €17,805 | -€4,382 | -19.7% |
| Profit (loss) for the period | 9904 | €54,780 | €34,155 | -€20,625 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,780 | €34,155 | -€20,625 | -37.7% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.