KOBATI: what changed
Two fiscal 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.
KOBATI
Largest movements
- Receivables within one year +€123,394
up €123,394 (+65.0%), from €189,807 to €313,201
of which Trade receivables: +€99,181
- Cash +€67,228
up €67,228 (+91.7%), from €73,284 to €140,512
mainly Other debts (+€222,198) and Accrued charges and deferred income (+€190,803)
- Tangible fixed assets -€20,441
down €20,441 (-5.1%), from €401,152 to €380,711
of which Land and buildings: -€19,974
- Other debts +€222,198
up €222,198 (+775.0%), from €28,671 to €250,869
- Accrued charges and deferred income +€190,803
new in 2025: €190,803
- Profit (loss) carried forward -€138,854
no longer reported in 2025 (was €138,854)
- Trade debts -€55,811
down €55,811 (-95.0%), from €58,734 to €2,923
- Debts after one year -€49,457
down €49,457 (-12.1%), from €409,423 to €359,966
of which Other amounts payable: -€25,000
- Gross operating margin -€99,293
down €99,293 (-37.3%), from €266,018 to €166,724
- Financial income -€9,622
down €9,622 (-96.2%), from €10,004 to €382
of which Non-recurring financial income: -€9,817
- Taxes +€3,256
up €3,256 (+10.7%), from €30,367 to €33,623
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.
Cash bridge derived
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 | €668,396 | €836,608 | +€168,213 | +25.2% |
| Fixed assets | 21/28 | €403,076 | €382,635 | -€20,441 | -5.1% |
| Tangible fixed assets | 22/27 | €401,152 | €380,711 | -€20,441 | -5.1% |
| Land and buildings | 22 | €394,338 | €374,364 | -€19,974 | -5.1% |
| Plant, machinery and equipment | 23 | €372 | €255 | -€117 | -31.4% |
| Furniture and vehicles | 24 | €6,442 | €6,092 | -€351 | -5.4% |
| Financial fixed assets | 28 | €1,924 | €1,924 | = | 0.0% |
| Current assets | 29/58 | €265,320 | €453,974 | +€188,654 | +71.1% |
| Amounts receivable within one year | 40/41 | €189,807 | €313,201 | +€123,394 | +65.0% |
| Trade receivables | 40 | €175,805 | €274,986 | +€99,181 | +56.4% |
| Other amounts receivable | 41 | €14,002 | €38,215 | +€24,213 | +172.9% |
| Cash at bank and in hand | 54/58 | €73,284 | €140,512 | +€67,228 | +91.7% |
| Deferred charges and accrued income | 490/1 | €2,228 | €261 | -€1,968 | -88.3% |
| Total equity and liabilities | 10/49 | €668,396 | €836,608 | +€168,213 | +25.2% |
| Equity | 10/15 | €143,854 | €5,000 | -€138,854 | -96.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,854 | - | -€138,854 | |
| Amounts payable | 17/49 | €524,541 | €831,608 | +€307,067 | +58.5% |
| Amounts payable after more than one year | 17 | €409,423 | €359,966 | -€49,457 | -12.1% |
| Financial debts | 170/4 | €329,423 | €304,966 | -€24,457 | -7.4% |
| Other amounts payable | 178/9 | €80,000 | €55,000 | -€25,000 | -31.3% |
| Amounts payable within one year | 42/48 | €115,118 | €280,840 | +€165,721 | +144.0% |
| Current portion of amounts payable after more than one year | 42 | €27,709 | €27,037 | -€672 | -2.4% |
| Financial debts | 43 | €5 | €11 | +€6 | +125.8% |
| Credit institutions | 430/8 | €5 | €11 | +€6 | +125.8% |
| Trade debts | 44 | €58,734 | €2,923 | -€55,811 | -95.0% |
| Suppliers | 440/4 | €58,734 | €2,923 | -€55,811 | -95.0% |
| Other amounts payable | 47/48 | €28,671 | €250,869 | +€222,198 | +775.0% |
| Accrued charges and deferred income | 492/3 | - | €190,803 | +€190,803 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,867 | €25,656 | +€789 | +3.2% |
| Other operating charges | 640/8 | €3,292 | €3,411 | +€118 | +3.6% |
| Gross operating margin | 9900 | €266,018 | €166,724 | -€99,293 | -37.3% |
| Operating profit (loss) | 9901 | €237,858 | €137,658 | -€100,201 | -42.1% |
| Financial income | 75/76B | €10,004 | €382 | -€9,622 | -96.2% |
| Recurring financial income | 75 | €187 | €382 | +€195 | +104.2% |
| Non-recurring financial income | 76B | €9,817 | - | -€9,817 | |
| Financial charges | 65/66B | €17,468 | €17,402 | -€66 | -0.4% |
| Recurring financial charges | 65 | €17,468 | €17,402 | -€66 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €230,395 | €120,638 | -€109,757 | -47.6% |
| Income taxes | 67/77 | €30,367 | €33,623 | +€3,256 | +10.7% |
| Profit (loss) for the period | 9904 | €200,028 | €87,015 | -€113,013 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €200,028 | €87,015 | -€113,013 | -56.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.