KOBAY: 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.
KOBAY
Largest movements
- Receivables within one year +€41,415
up €41,415 (+32.1%), from €129,049 to €170,464
of which Trade receivables: +€58,975
- Cash +€15,717
up €15,717 (+85.6%), from €18,357 to €34,074
mainly Net result for the year (+€38,574) and Trade debts (+€35,801)
- Intangible fixed assets -€7,499
down €7,499 (-25.0%), from €29,996 to €22,497
- Trade debts +€35,801
up €35,801 (+1,117%), from €3,204 to €39,005
- Reserves +€15,996
up €15,996 (+8.0%), from €199,494 to €215,490
of which Distributable reserves: +€17,856
- Staff costs -€35,609
down €35,609 (-38.3%), from €92,856 to €57,247
- Other operating charges +€22,582
up €22,582 (+494%), from €4,567 to €27,149
- Taxes +€2,949
up €2,949 (+24.4%), from €12,084 to €15,033
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 | €236,649 | €286,912 | +€50,263 | +21.2% |
| Fixed assets | 21/28 | €46,059 | €38,132 | -€7,927 | -17.2% |
| Intangible fixed assets | 21 | €29,996 | €22,497 | -€7,499 | -25.0% |
| Tangible fixed assets | 22/27 | €11,233 | €10,805 | -€428 | -3.8% |
| Plant, machinery and equipment | 23 | €8,816 | €6,555 | -€2,261 | -25.7% |
| Furniture and vehicles | 24 | €2,417 | €4,250 | +€1,833 | +75.9% |
| Financial fixed assets | 28 | €4,830 | €4,830 | = | 0.0% |
| Current assets | 29/58 | €190,590 | €248,780 | +€58,190 | +30.5% |
| Amounts receivable after more than one year | 29 | €40,016 | €40,016 | = | 0.0% |
| Trade receivables | 290 | €40,016 | €40,016 | = | 0.0% |
| Stocks and contracts in progress | 3 | €736 | €736 | = | 0.0% |
| Stocks | 30/36 | €736 | €736 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €129,049 | €170,464 | +€41,415 | +32.1% |
| Trade receivables | 40 | €91,365 | €150,341 | +€58,975 | +64.5% |
| Other amounts receivable | 41 | €37,684 | €20,123 | -€17,560 | -46.6% |
| Cash at bank and in hand | 54/58 | €18,357 | €34,074 | +€15,717 | +85.6% |
| Deferred charges and accrued income | 490/1 | €2,433 | €3,491 | +€1,058 | +43.5% |
| Total equity and liabilities | 10/49 | €236,649 | €286,912 | +€50,263 | +21.2% |
| Equity | 10/15 | €205,694 | €221,690 | +€15,996 | +7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €199,494 | €215,490 | +€15,996 | +8.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €197,634 | €215,490 | +€17,856 | +9.0% |
| Amounts payable | 17/49 | €30,955 | €65,222 | +€34,267 | +111% |
| Amounts payable within one year | 42/48 | €30,955 | €65,222 | +€34,267 | +111% |
| Trade debts | 44 | €3,204 | €39,005 | +€35,801 | +1,117% |
| Suppliers | 440/4 | €3,204 | €39,005 | +€35,801 | +1,117% |
| Taxes, remuneration and social security | 45 | €20,318 | €17,980 | -€2,338 | -11.5% |
| Taxes | 450/3 | €13,916 | €13,574 | -€343 | -2.5% |
| Remuneration and social security | 454/9 | €6,402 | €4,406 | -€1,996 | -31.2% |
| Other amounts payable | 47/48 | €7,433 | €8,238 | +€805 | +10.8% |
| Remuneration, social security and pensions | 62 | €92,856 | €57,247 | -€35,609 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,799 | €12,846 | +€47 | +0.4% |
| Other operating charges | 640/8 | €4,567 | €27,149 | +€22,582 | +494% |
| Non-recurring operating charges | 66A | - | €571 | +€571 | |
| Gross operating margin | 9900 | €153,231 | €153,086 | -€145 | -0.1% |
| Operating profit (loss) | 9901 | €43,010 | €55,274 | +€12,265 | +28.5% |
| Financial income | 75/76B | €1,563 | €924 | -€638 | -40.9% |
| Recurring financial income | 75 | €1,563 | €924 | -€638 | -40.9% |
| Financial charges | 65/66B | €1,979 | €2,591 | +€612 | +30.9% |
| Recurring financial charges | 65 | €1,979 | €2,591 | +€612 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €42,593 | €53,607 | +€11,014 | +25.9% |
| Income taxes | 67/77 | €12,084 | €15,033 | +€2,949 | +24.4% |
| Profit (loss) for the period | 9904 | €30,509 | €38,574 | +€8,065 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,509 | €38,574 | +€8,065 | +26.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.