Kobenski: 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.
Kobenski
Largest movements
- Tangible fixed assets -€15,524
down €15,524 (-24.8%), from €62,580 to €47,056
of which Furniture and vehicles: -€15,996
- Cash +€10,666
up €10,666 (+40.1%), from €26,622 to €37,289
mainly Depreciation (+€16,458) and Net result for the year (+€5,204)
- Receivables within one year -€3,843
down €3,843 (-16.1%), from €23,873 to €20,030
of which Trade receivables: -€12,504
- Debts after one year -€13,406
down €13,406 (-29.1%), from €46,040 to €32,634
- Reserves +€5,204
up €5,204 (+11.1%), from €46,988 to €52,191
- Tax, wage and social debts -€1,908
down €1,908 (-43.5%), from €4,390 to €2,482
- Gross operating margin -€10,936
down €10,936 (-25.7%), from €42,490 to €31,554
- Write-downs -€6,406
no longer reported in 2025 (was €6,406)
- Depreciation +€3,168
up €3,168 (+23.8%), from €13,290 to €16,458
- Taxes -€1,338
down €1,338 (-31.6%), from €4,230 to €2,892
- Financial income +€702
up €702 (+197.9%), from €354 to €1,056
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 | €113,827 | €104,420 | -€9,407 | -8.3% |
| Fixed assets | 21/28 | €62,580 | €47,056 | -€15,524 | -24.8% |
| Tangible fixed assets | 22/27 | €62,580 | €47,056 | -€15,524 | -24.8% |
| Plant, machinery and equipment | 23 | €1,769 | €2,241 | +€472 | +26.7% |
| Furniture and vehicles | 24 | €60,811 | €44,815 | -€15,996 | -26.3% |
| Current assets | 29/58 | €51,247 | €57,364 | +€6,117 | +11.9% |
| Amounts receivable within one year | 40/41 | €23,873 | €20,030 | -€3,843 | -16.1% |
| Trade receivables | 40 | €12,504 | - | -€12,504 | |
| Other amounts receivable | 41 | €11,369 | €20,030 | +€8,661 | +76.2% |
| Cash at bank and in hand | 54/58 | €26,622 | €37,289 | +€10,666 | +40.1% |
| Deferred charges and accrued income | 490/1 | €751 | €45 | -€707 | -94.0% |
| Total equity and liabilities | 10/49 | €113,827 | €104,420 | -€9,407 | -8.3% |
| Equity | 10/15 | €48,988 | €54,191 | +€5,204 | +10.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €46,988 | €52,191 | +€5,204 | +11.1% |
| Distributable reserves | 133 | €46,988 | €52,191 | +€5,204 | +11.1% |
| Amounts payable | 17/49 | €64,839 | €50,229 | -€14,611 | -22.5% |
| Amounts payable after more than one year | 17 | €46,040 | €32,634 | -€13,406 | -29.1% |
| Financial debts | 170/4 | €46,040 | €32,634 | -€13,406 | -29.1% |
| Amounts payable within one year | 42/48 | €18,800 | €17,595 | -€1,205 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €13,812 | €13,406 | -€406 | -2.9% |
| Trade debts | 44 | €598 | €1,707 | +€1,109 | +185.5% |
| Suppliers | 440/4 | €598 | €1,707 | +€1,109 | +185.5% |
| Taxes, remuneration and social security | 45 | €4,390 | €2,482 | -€1,908 | -43.5% |
| Taxes | 450/3 | €4,390 | €2,482 | -€1,908 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,290 | €16,458 | +€3,168 | +23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,406 | - | -€6,406 | |
| Other operating charges | 640/8 | €961 | €986 | +€25 | +2.6% |
| Non-recurring operating charges | 66A | - | €4,000 | +€4,000 | |
| Gross operating margin | 9900 | €42,490 | €31,554 | -€10,936 | -25.7% |
| Operating profit (loss) | 9901 | €21,833 | €10,109 | -€11,723 | -53.7% |
| Financial income | 75/76B | €354 | €1,056 | +€702 | +197.9% |
| Recurring financial income | 75 | €354 | €1,056 | +€702 | +197.9% |
| Financial charges | 65/66B | €2,426 | €3,070 | +€643 | +26.5% |
| Recurring financial charges | 65 | €2,426 | €3,070 | +€643 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €19,761 | €8,096 | -€11,665 | -59.0% |
| Income taxes | 67/77 | €4,230 | €2,892 | -€1,338 | -31.6% |
| Profit (loss) for the period | 9904 | €15,531 | €5,204 | -€10,327 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,531 | €5,204 | -€10,327 | -66.5% |
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.