KOBELMA: 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.
KOBELMA
Largest movements
- Receivables within one year -€156,840
down €156,840 (-55.4%), from €283,219 to €126,378
of which Other amounts receivable: -€154,934
- Cash +€107,952
up €107,952 (+358%), from €30,171 to €138,124
mainly Receivables within one year (+€156,840) and Net result for the year (+€90,406)
- Other debts -€150,000
no longer reported in 2025 (was €150,000)
- Reserves +€90,406
up €90,406 (+16.4%), from €550,633 to €641,040
of which Distributable reserves: +€90,406
- Trade debts +€19,201
up €19,201 (+1,454%), from €1,321 to €20,522
- Gross operating margin -€6,174
down €6,174 (-4.3%), from €143,992 to €137,819
- Financial income +€1,607
up €1,607 (+46.7%), from €3,441 to €5,048
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 | €825,685 | €777,099 | -€48,586 | -5.9% |
| Fixed assets | 21/28 | €219,832 | €216,272 | -€3,561 | -1.6% |
| Tangible fixed assets | 22/27 | €219,722 | €216,162 | -€3,561 | -1.6% |
| Land and buildings | 22 | €219,722 | €216,162 | -€3,561 | -1.6% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €605,852 | €560,827 | -€45,025 | -7.4% |
| Stocks and contracts in progress | 3 | €271,251 | €271,251 | = | 0.0% |
| Contracts in progress | 37 | €271,251 | €271,251 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €283,219 | €126,378 | -€156,840 | -55.4% |
| Trade receivables | 40 | €1,906 | - | -€1,906 | |
| Other amounts receivable | 41 | €281,313 | €126,378 | -€154,934 | -55.1% |
| Cash at bank and in hand | 54/58 | €30,171 | €138,124 | +€107,952 | +358% |
| Deferred charges and accrued income | 490/1 | €21,212 | €25,075 | +€3,863 | +18.2% |
| Total equity and liabilities | 10/49 | €825,685 | €777,099 | -€48,586 | -5.9% |
| Equity | 10/15 | €612,633 | €703,040 | +€90,406 | +14.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €550,633 | €641,040 | +€90,406 | +16.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €544,433 | €634,840 | +€90,406 | +16.6% |
| Amounts payable | 17/49 | €213,051 | €74,060 | -€138,992 | -65.2% |
| Amounts payable within one year | 42/48 | €152,424 | €20,522 | -€131,902 | -86.5% |
| Trade debts | 44 | €1,321 | €20,522 | +€19,201 | +1,454% |
| Suppliers | 440/4 | €1,321 | €20,522 | +€19,201 | +1,454% |
| Taxes, remuneration and social security | 45 | €1,103 | - | -€1,103 | |
| Taxes | 450/3 | €1,103 | - | -€1,103 | |
| Other amounts payable | 47/48 | €150,000 | - | -€150,000 | |
| Accrued charges and deferred income | 492/3 | €60,628 | €53,538 | -€7,090 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,561 | €3,561 | = | 0.0% |
| Other operating charges | 640/8 | €19,225 | €18,525 | -€700 | -3.6% |
| Gross operating margin | 9900 | €143,992 | €137,819 | -€6,174 | -4.3% |
| Operating profit (loss) | 9901 | €121,207 | €115,733 | -€5,474 | -4.5% |
| Financial income | 75/76B | €3,441 | €5,048 | +€1,607 | +46.7% |
| Recurring financial income | 75 | €3,441 | €5,048 | +€1,607 | +46.7% |
| Financial charges | 65/66B | €236 | €240 | +€4 | +1.6% |
| Recurring financial charges | 65 | €236 | €240 | +€4 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €124,412 | €120,542 | -€3,870 | -3.1% |
| Income taxes | 67/77 | €31,103 | €30,135 | -€968 | -3.1% |
| Profit (loss) for the period | 9904 | €93,309 | €90,406 | -€2,903 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,309 | €90,406 | -€2,903 | -3.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.