KOBECO: 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.
KOBECO
Largest movements
- Receivables within one year -€29,778
down €29,778 (-40.7%), from €73,254 to €43,476
of which Trade receivables: -€29,629
- Cash +€29,563
up €29,563 (+98.9%), from €29,882 to €59,444
mainly Net result for the year (+€82,411) and Other debts (+€40,839)
- Tangible fixed assets +€4,754
up €4,754 (+51.8%), from €9,182 to €13,936
of which Furniture and vehicles: +€5,941
- Other debts +€40,839
up €40,839 (+72.8%), from €56,084 to €96,923
- Trade debts -€25,322
down €25,322 (-76.6%), from €33,066 to €7,744
- Tax, wage and social debts -€10,941
down €10,941 (-84.9%), from €12,892 to €1,951
- Gross operating margin +€78,902
up €78,902 (+200%), from €39,535 to €118,436
- Taxes +€22,227
up €22,227 (+311%), from €7,153 to €29,379
- Depreciation -€1,513
down €1,513 (-21.7%), from €6,970 to €5,457
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 | €116,043 | €120,619 | +€4,576 | +3.9% |
| Fixed assets | 21/28 | €9,182 | €13,936 | +€4,754 | +51.8% |
| Tangible fixed assets | 22/27 | €9,182 | €13,936 | +€4,754 | +51.8% |
| Land and buildings | 22 | €4,365 | €3,178 | -€1,187 | -27.2% |
| Furniture and vehicles | 24 | €4,817 | €10,758 | +€5,941 | +123% |
| Current assets | 29/58 | €106,861 | €106,683 | -€178 | -0.2% |
| Amounts receivable within one year | 40/41 | €73,254 | €43,476 | -€29,778 | -40.7% |
| Trade receivables | 40 | €70,698 | €41,068 | -€29,629 | -41.9% |
| Other amounts receivable | 41 | €2,556 | €2,408 | -€148 | -5.8% |
| Cash at bank and in hand | 54/58 | €29,882 | €59,444 | +€29,563 | +98.9% |
| Deferred charges and accrued income | 490/1 | €3,726 | €3,763 | +€37 | +1.0% |
| Total equity and liabilities | 10/49 | €116,043 | €120,619 | +€4,576 | +3.9% |
| Equity | 10/15 | €14,000 | €14,000 | = | 0.0% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Amounts payable | 17/49 | €102,043 | €106,619 | +€4,576 | +4.5% |
| Amounts payable within one year | 42/48 | €102,043 | €106,619 | +€4,576 | +4.5% |
| Trade debts | 44 | €33,066 | €7,744 | -€25,322 | -76.6% |
| Suppliers | 440/4 | €33,066 | €7,744 | -€25,322 | -76.6% |
| Taxes, remuneration and social security | 45 | €12,892 | €1,951 | -€10,941 | -84.9% |
| Taxes | 450/3 | €12,892 | €1,951 | -€10,941 | -84.9% |
| Other amounts payable | 47/48 | €56,084 | €96,923 | +€40,839 | +72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,970 | €5,457 | -€1,513 | -21.7% |
| Other operating charges | 640/8 | €728 | €644 | -€84 | -11.5% |
| Gross operating margin | 9900 | €39,535 | €118,436 | +€78,902 | +200% |
| Operating profit (loss) | 9901 | €31,837 | €112,336 | +€80,499 | +253% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.8% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.8% |
| Financial charges | 65/66B | €697 | €545 | -€152 | -21.8% |
| Recurring financial charges | 65 | €697 | €545 | -€152 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €31,144 | €111,791 | +€80,646 | +259% |
| Income taxes | 67/77 | €7,153 | €29,379 | +€22,227 | +311% |
| Profit (loss) for the period | 9904 | €23,992 | €82,411 | +€58,420 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €23,992 | €82,411 | +€58,420 | +243% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.