KOBAG: 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.
KOBAG
Largest movements
- Cash +€16,893
up €16,893 (+1,342%), from €1,258 to €18,152
mainly Other debts (+€7,588) and Receivables within one year (+€5,872)
- Receivables within one year -€5,872
down €5,872 (-70.3%), from €8,352 to €2,480
of which Trade receivables: -€5,172
- Deferred charges and accrued income -€1,352
down €1,352 (-74.1%), from €1,825 to €474
- Other debts +€7,588
up €7,588 (+13.1%), from €57,804 to €65,392
- Tax, wage and social debts +€2,423
up €2,423, from €0 to €2,423
of which Taxes: +€2,423
- Trade debts -€2,295
down €2,295 (-80.8%), from €2,842 to €547
- Profit (loss) carried forward +€1,907
up €1,907 (+5.8%), from -€32,610 to -€30,703
- Gross operating margin +€11,835
up €11,835, from -€7,964 to €3,871
- Staff costs -€11,068
down €11,068, from €10,950 to -€119
- Depreciation -€382
down €382 (-89.2%), from €429 to €46
- Other operating charges +€95
up €95 (+7.5%), from €1,266 to €1,361
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 | €113,492 | €123,116 | +€9,624 | +8.5% |
| Fixed assets | 21/28 | €102,057 | €102,011 | -€46 | 0.0% |
| Tangible fixed assets | 22/27 | €185 | €139 | -€46 | -25.0% |
| Plant, machinery and equipment | 23 | €185 | €139 | -€46 | -25.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €101,872 | €101,872 | = | 0.0% |
| Current assets | 29/58 | €11,435 | €21,105 | +€9,670 | +84.6% |
| Amounts receivable within one year | 40/41 | €8,352 | €2,480 | -€5,872 | -70.3% |
| Trade receivables | 40 | €7,538 | €2,366 | -€5,172 | -68.6% |
| Other amounts receivable | 41 | €814 | €114 | -€699 | -85.9% |
| Cash at bank and in hand | 54/58 | €1,258 | €18,152 | +€16,893 | +1,342% |
| Deferred charges and accrued income | 490/1 | €1,825 | €474 | -€1,352 | -74.1% |
| Total equity and liabilities | 10/49 | €113,492 | €123,116 | +€9,624 | +8.5% |
| Equity | 10/15 | €51,816 | €53,723 | +€1,907 | +3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,226 | €78,226 | = | 0.0% |
| Distributable reserves | 133 | €78,226 | €78,226 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,610 | -€30,703 | +€1,907 | +5.8% |
| Amounts payable | 17/49 | €61,677 | €69,393 | +€7,717 | +12.5% |
| Amounts payable within one year | 42/48 | €60,665 | €68,382 | +€7,717 | +12.7% |
| Financial debts | 43 | €20 | €21 | +€1 | +5.0% |
| Credit institutions | 430/8 | €20 | €21 | +€1 | +5.0% |
| Trade debts | 44 | €2,842 | €547 | -€2,295 | -80.8% |
| Suppliers | 440/4 | €2,842 | €547 | -€2,295 | -80.8% |
| Taxes, remuneration and social security | 45 | €0 | €2,423 | +€2,423 | |
| Taxes | 450/3 | €0 | €2,423 | +€2,423 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €57,804 | €65,392 | +€7,588 | +13.1% |
| Accrued charges and deferred income | 492/3 | €1,011 | €1,011 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €10,950 | -€119 | -€11,068 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €46 | -€382 | -89.2% |
| Other operating charges | 640/8 | €1,266 | €1,361 | +€95 | +7.5% |
| Gross operating margin | 9900 | -€7,964 | €3,871 | +€11,835 | |
| Operating profit (loss) | 9901 | -€20,608 | €2,583 | +€23,191 | |
| Financial income | 75/76B | €0 | €10 | +€10 | |
| Recurring financial income | 75 | €0 | €10 | +€10 | |
| Financial charges | 65/66B | €172 | €193 | +€21 | +12.5% |
| Recurring financial charges | 65 | €172 | €193 | +€21 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,780 | €2,399 | +€23,179 | |
| Income taxes | 67/77 | €469 | €493 | +€24 | +5.0% |
| Profit (loss) for the period | 9904 | -€21,249 | €1,907 | +€23,156 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,249 | €1,907 | +€23,156 |
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 16 October 2026 via checked.be.