KOBATEX: 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.
KOBATEX
Largest movements
- Cash +€11,147
up €11,147 (+21.9%), from €50,916 to €62,063
mainly Net result for the year (+€31,614) and Depreciation (+€12,689)
- Tangible fixed assets -€10,678
down €10,678 (-27.5%), from €38,836 to €28,158
- Receivables within one year +€6,909
up €6,909 (+74.6%), from €9,257 to €16,166
of which Trade receivables: +€5,241
- Reserves +€11,004
up €11,004 (+5.7%), from €193,756 to €204,760
- Trade debts -€3,136
down €3,136 (-54.9%), from €5,714 to €2,579
- Gross operating margin -€18,145
down €18,145 (-23.5%), from €77,311 to €59,166
- Taxes -€5,732
down €5,732 (-27.5%), from €20,847 to €15,114
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 | €233,049 | €242,733 | +€9,683 | +4.2% |
| Fixed assets | 21/28 | €38,836 | €28,158 | -€10,678 | -27.5% |
| Tangible fixed assets | 22/27 | €38,836 | €28,158 | -€10,678 | -27.5% |
| Furniture and vehicles | 24 | €38,836 | €28,158 | -€10,678 | -27.5% |
| Current assets | 29/58 | €194,213 | €214,575 | +€20,362 | +10.5% |
| Stocks and contracts in progress | 3 | €2,215 | €3,121 | +€907 | +41.0% |
| Stocks | 30/36 | €2,215 | €3,121 | +€907 | +41.0% |
| Amounts receivable within one year | 40/41 | €9,257 | €16,166 | +€6,909 | +74.6% |
| Trade receivables | 40 | €9,248 | €14,489 | +€5,241 | +56.7% |
| Other amounts receivable | 41 | €9 | €1,676 | +€1,667 | +18,464% |
| Current investments | 50/53 | €130,064 | €130,743 | +€679 | +0.5% |
| Cash at bank and in hand | 54/58 | €50,916 | €62,063 | +€11,147 | +21.9% |
| Deferred charges and accrued income | 490/1 | €1,761 | €2,482 | +€721 | +40.9% |
| Total equity and liabilities | 10/49 | €233,049 | €242,733 | +€9,683 | +4.2% |
| Equity | 10/15 | €218,756 | €229,760 | +€11,004 | +5.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €193,756 | €204,760 | +€11,004 | +5.7% |
| Distributable reserves | 133 | €193,756 | €204,760 | +€11,004 | +5.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,293 | €12,973 | -€1,321 | -9.2% |
| Amounts payable within one year | 42/48 | €14,293 | €12,973 | -€1,321 | -9.2% |
| Trade debts | 44 | €5,714 | €2,579 | -€3,136 | -54.9% |
| Suppliers | 440/4 | €5,714 | €2,579 | -€3,136 | -54.9% |
| Taxes, remuneration and social security | 45 | €8,392 | €10,175 | +€1,783 | +21.2% |
| Taxes | 450/3 | €8,392 | €8,675 | +€283 | +3.4% |
| Remuneration and social security | 454/9 | €0 | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €186 | €218 | +€32 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,176 | €12,689 | +€512 | +4.2% |
| Other operating charges | 640/8 | €917 | €744 | -€173 | -18.8% |
| Gross operating margin | 9900 | €77,311 | €59,166 | -€18,145 | -23.5% |
| Operating profit (loss) | 9901 | €64,218 | €45,734 | -€18,485 | -28.8% |
| Financial income | 75/76B | €757 | €1,308 | +€551 | +72.8% |
| Recurring financial income | 75 | €757 | €1,308 | +€551 | +72.8% |
| Financial charges | 65/66B | €301 | €313 | +€12 | +3.9% |
| Recurring financial charges | 65 | €301 | €313 | +€12 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €64,674 | €46,728 | -€17,946 | -27.7% |
| Income taxes | 67/77 | €20,847 | €15,114 | -€5,732 | -27.5% |
| Profit (loss) for the period | 9904 | €43,827 | €31,614 | -€12,213 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,827 | €31,614 | -€12,213 | -27.9% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.