KOBACON: 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.
KOBACON
Largest movements
- Cash +€14,008
up €14,008 (+443%), from €3,164 to €17,173
mainly Net result for the year (+€26,884) and Tax, wage and social debts (+€4,733)
- Receivables within one year +€6,715
up €6,715 (+12.5%), from €53,555 to €60,270
of which Other amounts receivable: +€3,805
- Deferred charges and accrued income +€2,132
up €2,132 (+59.1%), from €3,606 to €5,737
- Tangible fixed assets -€1,565
down €1,565 (-16.8%), from €9,324 to €7,759
of which Other tangible fixed assets: -€987
- Reserves +€26,050
up €26,050 (+142%), from €18,320 to €44,370
- Debts after one year -€8,448
down €8,448 (-53.7%), from €15,730 to €7,282
- Tax, wage and social debts +€4,733
up €4,733 (+27.1%), from €17,434 to €22,168
of which Taxes: +€4,733
- Trade debts -€1,361
down €1,361 (-26.4%), from €5,158 to €3,797
- Gross operating margin +€5,624
up €5,624 (+16.3%), from €34,608 to €40,232
- Taxes +€1,563
up €1,563 (+23.2%), from €6,728 to €8,291
- Financial income +€1,413
up €1,413 (+952%), from €148 to €1,561
- Depreciation -€719
down €719 (-31.5%), from €2,284 to €1,565
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 | €69,649 | €90,939 | +€21,291 | +30.6% |
| Fixed assets | 21/28 | €9,324 | €7,759 | -€1,565 | -16.8% |
| Tangible fixed assets | 22/27 | €9,324 | €7,759 | -€1,565 | -16.8% |
| Furniture and vehicles | 24 | €771 | €193 | -€578 | -75.0% |
| Other tangible fixed assets | 26 | €8,553 | €7,566 | -€987 | -11.5% |
| Current assets | 29/58 | €60,324 | €83,180 | +€22,856 | +37.9% |
| Amounts receivable within one year | 40/41 | €53,555 | €60,270 | +€6,715 | +12.5% |
| Trade receivables | 40 | €28,695 | €31,605 | +€2,910 | +10.1% |
| Other amounts receivable | 41 | €24,859 | €28,665 | +€3,805 | +15.3% |
| Cash at bank and in hand | 54/58 | €3,164 | €17,173 | +€14,008 | +443% |
| Deferred charges and accrued income | 490/1 | €3,606 | €5,737 | +€2,132 | +59.1% |
| Total equity and liabilities | 10/49 | €69,649 | €90,939 | +€21,291 | +30.6% |
| Equity | 10/15 | €21,328 | €47,379 | +€26,051 | +122% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,320 | €44,370 | +€26,050 | +142% |
| Distributable reserves | 133 | €18,320 | €44,370 | +€26,050 | +142% |
| Profit (loss) carried forward | 14 | €8 | €9 | +€1 | +8.8% |
| Amounts payable | 17/49 | €48,321 | €43,561 | -€4,760 | -9.9% |
| Amounts payable after more than one year | 17 | €15,730 | €7,282 | -€8,448 | -53.7% |
| Financial debts | 170/4 | €15,730 | €7,282 | -€8,448 | -53.7% |
| Amounts payable within one year | 42/48 | €31,594 | €35,246 | +€3,652 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €8,143 | €8,448 | +€306 | +3.8% |
| Trade debts | 44 | €5,158 | €3,797 | -€1,361 | -26.4% |
| Suppliers | 440/4 | €5,158 | €3,797 | -€1,361 | -26.4% |
| Taxes, remuneration and social security | 45 | €17,434 | €22,168 | +€4,733 | +27.1% |
| Taxes | 450/3 | €15,434 | €20,168 | +€4,733 | +30.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Accrued charges and deferred income | 492/3 | €997 | €1,033 | +€36 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,284 | €1,565 | -€719 | -31.5% |
| Other operating charges | 640/8 | €705 | €524 | -€181 | -25.6% |
| Gross operating margin | 9900 | €34,608 | €40,232 | +€5,624 | +16.3% |
| Operating profit (loss) | 9901 | €31,619 | €38,143 | +€6,524 | +20.6% |
| Financial income | 75/76B | €148 | €1,561 | +€1,413 | +952% |
| Recurring financial income | 75 | €148 | €1,561 | +€1,413 | +952% |
| Financial charges | 65/66B | €4,503 | €4,530 | +€27 | +0.6% |
| Recurring financial charges | 65 | €4,503 | €4,530 | +€27 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €27,265 | €35,174 | +€7,910 | +29.0% |
| Income taxes | 67/77 | €6,728 | €8,291 | +€1,563 | +23.2% |
| Profit (loss) for the period | 9904 | €20,537 | €26,884 | +€6,347 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,537 | €26,884 | +€6,347 | +30.9% |
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 15 October 2026 via checked.be.