KOBEC: 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.
KOBEC
Largest movements
- Cash -€62,203
down €62,203 (-81.0%), from €76,792 to €14,589
- Tangible fixed assets -€14,925
no longer reported in 2025 (was €14,925)
of which Furniture and vehicles: -€13,691
- Receivables within one year -€1,186
down €1,186 (-48.8%), from €2,431 to €1,246
of which Other amounts receivable: -€1,869
- Profit (loss) carried forward -€66,419
down €66,419 (-1817.9%), from -€3,654 to -€70,072
- Trade debts -€10,000
no longer reported in 2025 (was €10,000)
- Tax, wage and social debts -€1,236
down €1,236 (-64.0%), from €1,932 to €695
- Turnover -€63,685
down €63,685 (-96.7%), from €65,875 to €2,190
- Purchases and services -€32,960
down €32,960 (-59.7%), from €55,181 to €22,221
- Gross operating margin -€27,265
down €27,265, from €11,841 to -€15,424
- Depreciation -€4,950
no longer reported in 2025 (was €4,950)
- Other operating charges -€4,745
down €4,745 (-84.5%), from €5,617 to €872
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,147 | €15,835 | -€78,313 | -83.2% |
| Fixed assets | 21/28 | €14,925 | - | -€14,925 | |
| Tangible fixed assets | 22/27 | €14,925 | - | -€14,925 | |
| Plant, machinery and equipment | 23 | €1,233 | - | -€1,233 | |
| Furniture and vehicles | 24 | €13,691 | - | -€13,691 | |
| Current assets | 29/58 | €79,223 | €15,835 | -€63,388 | -80.0% |
| Amounts receivable within one year | 40/41 | €2,431 | €1,246 | -€1,186 | -48.8% |
| Trade receivables | 40 | - | €684 | +€684 | |
| Other amounts receivable | 41 | €2,431 | €562 | -€1,869 | -76.9% |
| Cash at bank and in hand | 54/58 | €76,792 | €14,589 | -€62,203 | -81.0% |
| Total equity and liabilities | 10/49 | €94,147 | €15,835 | -€78,313 | -83.2% |
| Equity | 10/15 | €81,423 | €15,004 | -€66,419 | -81.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €66,527 | €66,527 | = | 0.0% |
| Distributable reserves | 133 | €66,527 | €66,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,654 | -€70,072 | -€66,419 | -1817.9% |
| Amounts payable | 17/49 | €12,724 | €830 | -€11,894 | -93.5% |
| Amounts payable within one year | 42/48 | €12,724 | €830 | -€11,894 | -93.5% |
| Trade debts | 44 | €10,000 | - | -€10,000 | |
| Suppliers | 440/4 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €1,932 | €695 | -€1,236 | -64.0% |
| Taxes | 450/3 | €1,932 | €695 | -€1,236 | -64.0% |
| Other amounts payable | 47/48 | €792 | €135 | -€658 | -83.0% |
| Turnover | 70 | €65,875 | €2,190 | -€63,685 | -96.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €55,181 | €22,221 | -€32,960 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,950 | - | -€4,950 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,418 | - | -€1,418 | |
| Other operating charges | 640/8 | €5,617 | €872 | -€4,745 | -84.5% |
| Gross operating margin | 9900 | €11,841 | -€15,424 | -€27,265 | |
| Operating profit (loss) | 9901 | -€144 | -€16,296 | -€16,152 | -11249.0% |
| Financial income | 75/76B | €105 | €196 | +€91 | +86.9% |
| Recurring financial income | 75 | €105 | €196 | +€91 | +86.9% |
| Financial charges | 65/66B | €46 | €45 | -€1 | -1.8% |
| Recurring financial charges | 65 | €46 | €45 | -€1 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€85 | -€16,145 | -€16,061 | -18961.7% |
| Income taxes | 67/77 | €3,569 | €692 | -€2,877 | -80.6% |
| Profit (loss) for the period | 9904 | -€3,654 | -€16,837 | -€13,184 | -360.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,654 | -€16,837 | -€13,184 | -360.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.