KOBELFRA: 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.
KOBELFRA
Largest movements
- Receivables within one year -€13,093
down €13,093 (-23.7%), from €55,314 to €42,221
of which Trade receivables: -€10,448
- Tangible fixed assets -€8,070
down €8,070 (-29.7%), from €27,189 to €19,120
of which Plant, machinery and equipment: -€4,588
- Profit (loss) carried forward -€6,813
down €6,813 (-70.5%), from €9,663 to €2,851
- Other debts -€5,616
down €5,616 (-85.3%), from €6,582 to €967
- Current portion of long-term debt -€4,681
down €4,681 (-91.6%), from €5,108 to €427
- Trade debts -€2,331
down €2,331 (-80.7%), from €2,889 to €558
- Tax, wage and social debts -€1,695
down €1,695 (-41.6%), from €4,076 to €2,381
of which Taxes: -€1,525
- Gross operating margin -€8,602
down €8,602 (-50.1%), from €17,177 to €8,575
- Depreciation -€3,255
down €3,255 (-26.9%), from €12,120 to €8,866
- Other operating charges +€1,086
up €1,086 (+24.7%), from €4,390 to €5,477
- Taxes +€598
new in 2025: €598
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 | €90,692 | €69,553 | -€21,139 | -23.3% |
| Fixed assets | 21/28 | €27,189 | €19,120 | -€8,070 | -29.7% |
| Tangible fixed assets | 22/27 | €27,189 | €19,120 | -€8,070 | -29.7% |
| Plant, machinery and equipment | 23 | €12,743 | €8,155 | -€4,588 | -36.0% |
| Furniture and vehicles | 24 | €14,446 | €10,965 | -€3,481 | -24.1% |
| Current assets | 29/58 | €63,503 | €50,433 | -€13,070 | -20.6% |
| Stocks and contracts in progress | 3 | €129 | €199 | +€70 | +54.2% |
| Stocks | 30/36 | €129 | €199 | +€70 | +54.2% |
| Amounts receivable within one year | 40/41 | €55,314 | €42,221 | -€13,093 | -23.7% |
| Trade receivables | 40 | €51,612 | €41,163 | -€10,448 | -20.2% |
| Other amounts receivable | 41 | €3,703 | €1,058 | -€2,645 | -71.4% |
| Cash at bank and in hand | 54/58 | €8,059 | €8,013 | -€47 | -0.6% |
| Total equity and liabilities | 10/49 | €90,692 | €69,553 | -€21,139 | -23.3% |
| Equity | 10/15 | €59,513 | €52,701 | -€6,813 | -11.4% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Outside capital | 11 | €7,200 | €7,200 | = | 0.0% |
| Share premium | 1100/10 | - | €7,200 | +€7,200 | |
| Other | 1109/19 | €7,200 | - | -€7,200 | |
| Reserves | 13 | €42,650 | €42,650 | = | 0.0% |
| Distributable reserves | 133 | €42,650 | €42,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,663 | €2,851 | -€6,813 | -70.5% |
| Amounts payable | 17/49 | €31,179 | €16,852 | -€14,326 | -45.9% |
| Amounts payable after more than one year | 17 | €12,524 | €12,519 | -€4 | 0.0% |
| Other amounts payable | 178/9 | €12,524 | €12,519 | -€4 | 0.0% |
| Amounts payable within one year | 42/48 | €18,655 | €4,333 | -€14,322 | -76.8% |
| Current portion of amounts payable after more than one year | 42 | €5,108 | €427 | -€4,681 | -91.6% |
| Trade debts | 44 | €2,889 | €558 | -€2,331 | -80.7% |
| Suppliers | 440/4 | €2,889 | €558 | -€2,331 | -80.7% |
| Taxes, remuneration and social security | 45 | €4,076 | €2,381 | -€1,695 | -41.6% |
| Taxes | 450/3 | €2,467 | €942 | -€1,525 | -61.8% |
| Remuneration and social security | 454/9 | €1,609 | €1,439 | -€170 | -10.6% |
| Other amounts payable | 47/48 | €6,582 | €967 | -€5,616 | -85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,120 | €8,866 | -€3,255 | -26.9% |
| Other operating charges | 640/8 | €4,390 | €5,477 | +€1,086 | +24.7% |
| Gross operating margin | 9900 | €17,177 | €8,575 | -€8,602 | -50.1% |
| Operating profit (loss) | 9901 | €667 | -€5,767 | -€6,434 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €564 | €448 | -€116 | -20.6% |
| Recurring financial charges | 65 | €564 | €448 | -€116 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €104 | -€6,215 | -€6,319 | |
| Income taxes | 67/77 | - | €598 | +€598 | |
| Profit (loss) for the period | 9904 | €104 | -€6,813 | -€6,917 | |
| Profit (loss) for the period to be appropriated | 9905 | €104 | -€6,813 | -€6,917 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.