KOBE: 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.
KOBE
Largest movements
- Tangible fixed assets -€22,906
down €22,906 (-48.8%), from €46,963 to €24,057
of which Land and buildings: -€21,209
- Receivables within one year +€22,545
up €22,545 (+226.4%), from €9,957 to €32,502
of which Other amounts receivable: +€15,942
- Cash +€21,212
up €21,212 (+112.8%), from €18,813 to €40,026
mainly Other debts (+€71,740) and Depreciation (+€22,906)
- Financial fixed assets -€16,502
no longer reported in 2025 (was €16,502)
- Deferred charges and accrued income -€12,278
no longer reported in 2025 (was €12,278)
- Profit (loss) carried forward -€91,328
down €91,328 (-22.0%), from -€414,737 to -€506,065
- Other debts +€71,740
up €71,740 (+17.2%), from €416,630 to €488,370
- Trade debts +€8,724
up €8,724 (+11.5%), from €75,870 to €84,594
- Tax, wage and social debts +€2,162
up €2,162 (+11.8%), from €18,254 to €20,416
of which Taxes: +€1,594
- Gross operating margin -€47,132
down €47,132 (-38.6%), from €122,260 to €75,128
- Depreciation -€2,666
down €2,666 (-10.4%), from €25,572 to €22,906
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 | €109,875 | €101,173 | -€8,702 | -7.9% |
| Fixed assets | 21/28 | €63,465 | €24,057 | -€39,408 | -62.1% |
| Tangible fixed assets | 22/27 | €46,963 | €24,057 | -€22,906 | -48.8% |
| Land and buildings | 22 | €44,266 | €23,057 | -€21,209 | -47.9% |
| Plant, machinery and equipment | 23 | €2,697 | €1,000 | -€1,697 | -62.9% |
| Financial fixed assets | 28 | €16,502 | - | -€16,502 | |
| Current assets | 29/58 | €46,410 | €77,116 | +€30,706 | +66.2% |
| Stocks and contracts in progress | 3 | €5,362 | €4,588 | -€774 | -14.4% |
| Stocks | 30/36 | €5,362 | €4,588 | -€774 | -14.4% |
| Amounts receivable within one year | 40/41 | €9,957 | €32,502 | +€22,545 | +226.4% |
| Trade receivables | 40 | €9,957 | €16,560 | +€6,603 | +66.3% |
| Other amounts receivable | 41 | - | €15,942 | +€15,942 | |
| Cash at bank and in hand | 54/58 | €18,813 | €40,026 | +€21,212 | +112.8% |
| Deferred charges and accrued income | 490/1 | €12,278 | - | -€12,278 | |
| Total equity and liabilities | 10/49 | €109,875 | €101,173 | -€8,702 | -7.9% |
| Equity | 10/15 | -€400,879 | -€492,207 | -€91,328 | -22.8% |
| Contributions | 10/11 | €12,392 | €12,392 | = | 0.0% |
| Reserves | 13 | €1,466 | €1,466 | = | 0.0% |
| Distributable reserves | 133 | €1,466 | €1,466 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€414,737 | -€506,065 | -€91,328 | -22.0% |
| Amounts payable | 17/49 | €510,754 | €593,380 | +€82,626 | +16.2% |
| Amounts payable within one year | 42/48 | €510,754 | €593,380 | +€82,626 | +16.2% |
| Trade debts | 44 | €75,870 | €84,594 | +€8,724 | +11.5% |
| Suppliers | 440/4 | €75,870 | €84,594 | +€8,724 | +11.5% |
| Taxes, remuneration and social security | 45 | €18,254 | €20,416 | +€2,162 | +11.8% |
| Taxes | 450/3 | €2,596 | €4,190 | +€1,594 | +61.4% |
| Remuneration and social security | 454/9 | €15,658 | €16,226 | +€568 | +3.6% |
| Other amounts payable | 47/48 | €416,630 | €488,370 | +€71,740 | +17.2% |
| Remuneration, social security and pensions | 62 | €139,625 | €138,593 | -€1,032 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,572 | €22,906 | -€2,666 | -10.4% |
| Other operating charges | 640/8 | €5,523 | €4,658 | -€866 | -15.7% |
| Gross operating margin | 9900 | €122,260 | €75,128 | -€47,132 | -38.6% |
| Operating profit (loss) | 9901 | -€48,460 | -€91,029 | -€42,568 | -87.8% |
| Financial income | 75/76B | €191 | €36 | -€155 | -81.0% |
| Recurring financial income | 75 | €191 | €36 | -€155 | -81.0% |
| Financial charges | 65/66B | €240 | €336 | +€95 | +39.7% |
| Recurring financial charges | 65 | €240 | €336 | +€95 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | -€48,509 | -€91,328 | -€42,819 | -88.3% |
| Profit (loss) for the period | 9904 | -€48,509 | -€91,328 | -€42,819 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,509 | -€91,328 | -€42,819 | -88.3% |
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 28 September 2026 via checked.be.