Kobai: 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.
Kobai
Largest movements
- Receivables within one year -€10,504
down €10,504 (-40.9%), from €25,692 to €15,188
of which Other amounts receivable: -€9,517
- Cash -€7,666
down €7,666 (-13.8%), from €55,605 to €47,939
mainly Contributions, distributions and other (-€60,160) and Tax, wage and social debts (-€2,540)
- Reserves -€39,051
down €39,051 (-57.3%), from €68,129 to €29,078
- Other debts +€22,440
new in 2025: €22,440
- Tax, wage and social debts -€2,540
down €2,540 (-88.3%), from €2,878 to €337
- Gross operating margin -€1,334
down €1,334 (-4.5%), from €29,435 to €28,101
- Financial income -€675
down €675 (-100.0%), from €675 to €0
- Taxes -€373
down €373 (-6.4%), from €5,857 to €5,484
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 | €90,846 | €72,136 | -€18,711 | -20.6% |
| Fixed assets | 21/28 | €2,734 | €2,004 | -€729 | -26.7% |
| Tangible fixed assets | 22/27 | €2,734 | €2,004 | -€729 | -26.7% |
| Furniture and vehicles | 24 | €2,734 | €2,004 | -€729 | -26.7% |
| Current assets | 29/58 | €88,113 | €70,131 | -€17,981 | -20.4% |
| Amounts receivable within one year | 40/41 | €25,692 | €15,188 | -€10,504 | -40.9% |
| Trade receivables | 40 | €10,516 | €9,529 | -€987 | -9.4% |
| Other amounts receivable | 41 | €15,177 | €5,660 | -€9,517 | -62.7% |
| Cash at bank and in hand | 54/58 | €55,605 | €47,939 | -€7,666 | -13.8% |
| Deferred charges and accrued income | 490/1 | €6,815 | €7,004 | +€189 | +2.8% |
| Total equity and liabilities | 10/49 | €90,846 | €72,136 | -€18,711 | -20.6% |
| Equity | 10/15 | €86,729 | €47,678 | -€39,051 | -45.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,129 | €29,078 | -€39,051 | -57.3% |
| Distributable reserves | 133 | €68,129 | €29,078 | -€39,051 | -57.3% |
| Amounts payable | 17/49 | €4,117 | €24,458 | +€20,340 | +494% |
| Amounts payable within one year | 42/48 | €4,117 | €24,458 | +€20,340 | +494% |
| Trade debts | 44 | €1,240 | €1,680 | +€441 | +35.5% |
| Suppliers | 440/4 | €1,240 | €1,680 | +€441 | +35.5% |
| Taxes, remuneration and social security | 45 | €2,878 | €337 | -€2,540 | -88.3% |
| Taxes | 450/3 | €2,878 | €337 | -€2,540 | -88.3% |
| Other amounts payable | 47/48 | - | €22,440 | +€22,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €729 | €729 | = | 0.0% |
| Other operating charges | 640/8 | €558 | €694 | +€136 | +24.3% |
| Gross operating margin | 9900 | €29,435 | €28,101 | -€1,334 | -4.5% |
| Operating profit (loss) | 9901 | €28,147 | €26,678 | -€1,470 | -5.2% |
| Financial income | 75/76B | €675 | €0 | -€675 | -100.0% |
| Recurring financial income | 75 | €675 | €0 | -€675 | -100.0% |
| Financial charges | 65/66B | €84 | €85 | +€1 | +1.6% |
| Recurring financial charges | 65 | €84 | €85 | +€1 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €28,739 | €26,592 | -€2,146 | -7.5% |
| Income taxes | 67/77 | €5,857 | €5,484 | -€373 | -6.4% |
| Profit (loss) for the period | 9904 | €22,882 | €21,109 | -€1,773 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,882 | €21,109 | -€1,773 | -7.7% |
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 22 October 2026 via checked.be.