KOBA VISION: 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.
KOBA VISION
Largest movements
- Stocks and contracts +€90,950
up €90,950 (+17.3%), from €526,505 to €617,456
- Cash -€85,067
down €85,067 (-9.3%), from €914,115 to €829,048
mainly Contributions, distributions and other (-€607,838) and Other debts (-€312,599)
- Receivables within one year -€44,135
down €44,135 (-14.0%), from €314,871 to €270,736
of which Trade receivables: -€45,141
- Tangible fixed assets -€27,433
down €27,433 (-40.7%), from €67,329 to €39,896
of which Land and buildings: -€15,099
- Other debts -€312,599
down €312,599 (-33.8%), from €924,140 to €611,541
- Profit (loss) carried forward +€180,983
up €180,983 (+42.2%), from €428,898 to €609,881
- Trade debts +€68,607
up €68,607 (+614%), from €11,173 to €79,780
- Staff costs +€81,456
up €81,456 (+36.6%), from €222,540 to €303,996
- Gross operating margin -€52,688
down €52,688 (-4.1%), from €1.3m to €1.2m
- Taxes -€15,047
down €15,047 (-11.2%), from €134,513 to €119,466
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 | €1,841,121 | €1,786,697 | -€54,424 | -3.0% |
| Fixed assets | 21/28 | €69,579 | €42,146 | -€27,433 | -39.4% |
| Tangible fixed assets | 22/27 | €67,329 | €39,896 | -€27,433 | -40.7% |
| Land and buildings | 22 | €21,966 | €6,867 | -€15,099 | -68.7% |
| Plant, machinery and equipment | 23 | €4,766 | €3,191 | -€1,575 | -33.1% |
| Furniture and vehicles | 24 | €31,860 | €23,046 | -€8,814 | -27.7% |
| Other tangible fixed assets | 26 | €8,738 | €6,792 | -€1,945 | -22.3% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €1,771,542 | €1,744,551 | -€26,991 | -1.5% |
| Stocks and contracts in progress | 3 | €526,505 | €617,456 | +€90,950 | +17.3% |
| Stocks | 30/36 | €526,505 | €617,456 | +€90,950 | +17.3% |
| Amounts receivable within one year | 40/41 | €314,871 | €270,736 | -€44,135 | -14.0% |
| Trade receivables | 40 | €277,639 | €232,498 | -€45,141 | -16.3% |
| Other amounts receivable | 41 | €37,232 | €38,238 | +€1,006 | +2.7% |
| Cash at bank and in hand | 54/58 | €914,115 | €829,048 | -€85,067 | -9.3% |
| Deferred charges and accrued income | 490/1 | €16,051 | €27,311 | +€11,260 | +70.2% |
| Total equity and liabilities | 10/49 | €1,841,121 | €1,786,697 | -€54,424 | -3.0% |
| Equity | 10/15 | €884,033 | €1,065,016 | +€180,983 | +20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €436,535 | €436,535 | = | 0.0% |
| Distributable reserves | 133 | €436,535 | €436,535 | = | 0.0% |
| Profit (loss) carried forward | 14 | €428,898 | €609,881 | +€180,983 | +42.2% |
| Amounts payable | 17/49 | €957,088 | €721,682 | -€235,406 | -24.6% |
| Amounts payable within one year | 42/48 | €956,814 | €721,637 | -€235,177 | -24.6% |
| Trade debts | 44 | €11,173 | €79,780 | +€68,607 | +614% |
| Suppliers | 440/4 | €11,173 | €79,780 | +€68,607 | +614% |
| Taxes, remuneration and social security | 45 | €21,501 | €30,316 | +€8,814 | +41.0% |
| Taxes | 450/3 | €335 | €674 | +€340 | +101% |
| Remuneration and social security | 454/9 | €21,166 | €29,641 | +€8,475 | +40.0% |
| Other amounts payable | 47/48 | €924,140 | €611,541 | -€312,599 | -33.8% |
| Accrued charges and deferred income | 492/3 | €274 | €45 | -€229 | -83.7% |
| Non-recurring operating income | 76A | €1,008 | €0 | -€1,008 | -100% |
| Remuneration, social security and pensions | 62 | €222,540 | €303,996 | +€81,456 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,423 | €27,433 | +€10 | 0.0% |
| Other operating charges | 640/8 | €2,641 | €2,952 | +€311 | +11.8% |
| Non-recurring operating charges | 66A | €1,751 | €0 | -€1,751 | -100% |
| Gross operating margin | 9900 | €1,295,504 | €1,242,815 | -€52,688 | -4.1% |
| Operating profit (loss) | 9901 | €1,041,148 | €908,435 | -€132,714 | -12.7% |
| Financial income | 75/76B | €10,536 | €1,835 | -€8,701 | -82.6% |
| Recurring financial income | 75 | €10,536 | €1,835 | -€8,701 | -82.6% |
| Financial charges | 65/66B | €1,328 | €1,983 | +€655 | +49.4% |
| Recurring financial charges | 65 | €1,328 | €1,983 | +€655 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | €1,050,357 | €908,286 | -€142,070 | -13.5% |
| Income taxes | 67/77 | €134,513 | €119,466 | -€15,047 | -11.2% |
| Profit (loss) for the period | 9904 | €915,843 | €788,820 | -€127,023 | -13.9% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €915,843 | €788,820 | -€127,023 | -13.9% |
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 24 October 2026 via checked.be.