KoBe Mgmt: 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 Mgmt
Largest movements
- Cash +€55,324
up €55,324 (+40.5%), from €136,623 to €191,948
mainly Net result for the year (+€100,362) and Receivables within one year (+€7,490)
- Current investments +€40,934
up €40,934 (+87.2%), from €46,957 to €87,891
- Receivables within one year -€7,490
down €7,490 (-4.8%), from €154,748 to €147,257
of which Trade receivables: -€7,742
- Reserves +€100,362
up €100,362 (+34.7%), from €289,055 to €389,417
- Tax, wage and social debts -€14,942
down €14,942 (-28.3%), from €52,764 to €37,823
- Gross operating margin -€108,377
down €108,377 (-43.1%), from €251,447 to €143,070
- Taxes -€27,049
down €27,049 (-45.6%), from €59,381 to €32,332
- Financial charges +€4,105
up €4,105 (+97.5%), from €4,209 to €8,314
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 | €353,995 | €442,156 | +€88,161 | +24.9% |
| Fixed assets | 21/28 | €13,824 | €13,503 | -€321 | -2.3% |
| Tangible fixed assets | 22/27 | €13,424 | €13,103 | -€321 | -2.4% |
| Plant, machinery and equipment | 23 | €2,507 | €1,694 | -€813 | -32.4% |
| Furniture and vehicles | 24 | €8,461 | €9,263 | +€802 | +9.5% |
| Other tangible fixed assets | 26 | €2,457 | €2,146 | -€311 | -12.6% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €340,171 | €428,653 | +€88,482 | +26.0% |
| Amounts receivable within one year | 40/41 | €154,748 | €147,257 | -€7,490 | -4.8% |
| Trade receivables | 40 | €153,446 | €145,704 | -€7,742 | -5.0% |
| Other amounts receivable | 41 | €1,302 | €1,553 | +€252 | +19.3% |
| Current investments | 50/53 | €46,957 | €87,891 | +€40,934 | +87.2% |
| Cash at bank and in hand | 54/58 | €136,623 | €191,948 | +€55,324 | +40.5% |
| Deferred charges and accrued income | 490/1 | €1,843 | €1,557 | -€286 | -15.5% |
| Total equity and liabilities | 10/49 | €353,995 | €442,156 | +€88,161 | +24.9% |
| Equity | 10/15 | €299,055 | €399,417 | +€100,362 | +33.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €289,055 | €389,417 | +€100,362 | +34.7% |
| Distributable reserves | 133 | €289,055 | €389,417 | +€100,362 | +34.7% |
| Amounts payable | 17/49 | €54,940 | €42,739 | -€12,201 | -22.2% |
| Amounts payable within one year | 42/48 | €54,940 | €42,739 | -€12,201 | -22.2% |
| Trade debts | 44 | €2,176 | €4,917 | +€2,741 | +126.0% |
| Suppliers | 440/4 | €2,176 | €4,917 | +€2,741 | +126.0% |
| Taxes, remuneration and social security | 45 | €52,764 | €37,823 | -€14,942 | -28.3% |
| Taxes | 450/3 | €52,764 | €37,823 | -€14,942 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,217 | €3,432 | +€214 | +6.7% |
| Other operating charges | 640/8 | €1,138 | €1,370 | +€232 | +20.4% |
| Gross operating margin | 9900 | €251,447 | €143,070 | -€108,377 | -43.1% |
| Operating profit (loss) | 9901 | €247,091 | €138,268 | -€108,823 | -44.0% |
| Financial income | 75/76B | €430 | €2,739 | +€2,310 | +537.3% |
| Recurring financial income | 75 | €430 | €2,739 | +€2,310 | +537.3% |
| Financial charges | 65/66B | €4,209 | €8,314 | +€4,105 | +97.5% |
| Recurring financial charges | 65 | €4,209 | €8,314 | +€4,105 | +97.5% |
| Profit (loss) for the period before taxes | 9903 | €243,312 | €132,694 | -€110,618 | -45.5% |
| Income taxes | 67/77 | €59,381 | €32,332 | -€27,049 | -45.6% |
| Profit (loss) for the period | 9904 | €183,931 | €100,362 | -€83,569 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €183,931 | €100,362 | -€83,569 | -45.4% |
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.