KOBALT CONCEPTS: 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.
KOBALT CONCEPTS
Largest movements
- Cash +€16,230
up €16,230 (+32.8%), from €49,410 to €65,640
mainly Other debts (+€8,219) and Net result for the year (+€3,964)
- Tangible fixed assets -€3,417
down €3,417 (-41.1%), from €8,315 to €4,898
of which Furniture and vehicles: -€1,963
- Receivables within one year -€2,663
down €2,663 (-60.6%), from €4,398 to €1,735
of which Trade receivables: -€4,398
- Reserves +€8,908
new in 2025: €8,908
- Other debts +€8,219
up €8,219 (+27.0%), from €30,463 to €38,682
- Profit (loss) carried forward -€6,610
no longer reported in 2025 (was €6,610)
- Tax, wage and social debts -€2,282
down €2,282 (-33.5%), from €6,809 to €4,527
of which Taxes: -€5,482
- Trade debts +€1,903
new in 2025: €1,903
- Depreciation -€537
down €537 (-13.6%), from €3,954 to €3,417
- Gross operating margin +€459
up €459 (+4.1%), from €11,209 to €11,668
- Financial charges +€360
up €360 (+17.0%), from €2,123 to €2,483
- Other operating charges +€175
up €175 (+48.1%), from €364 to €539
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 | €62,482 | €72,620 | +€10,138 | +16.2% |
| Fixed assets | 21/28 | €8,315 | €4,898 | -€3,417 | -41.1% |
| Tangible fixed assets | 22/27 | €8,315 | €4,898 | -€3,417 | -41.1% |
| Plant, machinery and equipment | 23 | €2,724 | €1,270 | -€1,454 | -53.4% |
| Furniture and vehicles | 24 | €5,591 | €3,628 | -€1,963 | -35.1% |
| Current assets | 29/58 | €54,167 | €67,722 | +€13,555 | +25.0% |
| Amounts receivable within one year | 40/41 | €4,398 | €1,735 | -€2,663 | -60.6% |
| Trade receivables | 40 | €4,398 | - | -€4,398 | |
| Other amounts receivable | 41 | - | €1,735 | +€1,735 | |
| Cash at bank and in hand | 54/58 | €49,410 | €65,640 | +€16,230 | +32.8% |
| Deferred charges and accrued income | 490/1 | €359 | €347 | -€12 | -3.3% |
| Total equity and liabilities | 10/49 | €62,482 | €72,620 | +€10,138 | +16.2% |
| Equity | 10/15 | €25,210 | €27,508 | +€2,298 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €8,908 | +€8,908 | |
| Distributable reserves | 133 | - | €8,908 | +€8,908 | |
| Profit (loss) carried forward | 14 | €6,610 | - | -€6,610 | |
| Amounts payable | 17/49 | €37,272 | €45,112 | +€7,840 | +21.0% |
| Amounts payable within one year | 42/48 | €37,272 | €45,112 | +€7,840 | +21.0% |
| Trade debts | 44 | - | €1,903 | +€1,903 | |
| Suppliers | 440/4 | - | €1,903 | +€1,903 | |
| Taxes, remuneration and social security | 45 | €6,809 | €4,527 | -€2,282 | -33.5% |
| Taxes | 450/3 | €6,809 | €1,327 | -€5,482 | -80.5% |
| Remuneration and social security | 454/9 | - | €3,200 | +€3,200 | |
| Other amounts payable | 47/48 | €30,463 | €38,682 | +€8,219 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,954 | €3,417 | -€537 | -13.6% |
| Other operating charges | 640/8 | €364 | €539 | +€175 | +48.1% |
| Gross operating margin | 9900 | €11,209 | €11,668 | +€459 | +4.1% |
| Operating profit (loss) | 9901 | €6,891 | €7,712 | +€821 | +11.9% |
| Financial charges | 65/66B | €2,123 | €2,483 | +€360 | +17.0% |
| Recurring financial charges | 65 | €2,123 | €2,483 | +€360 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €4,768 | €5,229 | +€461 | +9.7% |
| Income taxes | 67/77 | €1,299 | €1,265 | -€34 | -2.6% |
| Profit (loss) for the period | 9904 | €3,469 | €3,964 | +€495 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,469 | €3,964 | +€495 | +14.3% |
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 25 October 2026 via checked.be.