KOBJE: 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.
KOBJE
Largest movements
- Tangible fixed assets +€289,429
new in 2025: €289,429
of which Plant, machinery and equipment: +€273,637
- Cash +€77,782
up €77,782 (+424.0%), from €18,344 to €96,126
mainly Trade debts (+€179,291) and Debts after one year (+€179,283)
- Receivables within one year +€38,841
up €38,841 (+120.7%), from €32,192 to €71,032
of which Trade receivables: +€33,509
- Financial fixed assets +€5,400
new in 2025: €5,400
- Trade debts +€179,291
up €179,291 (+47625.6%), from €376 to €179,668
- Debts after one year +€179,283
new in 2025: €179,283
- Current portion of long-term debt +€45,526
new in 2025: €45,526
- Reserves +€12,951
up €12,951 (+38.9%), from €33,283 to €46,235
- Tax, wage and social debts -€5,347
down €5,347 (-37.9%), from €14,115 to €8,768
- Depreciation +€14,480
up €14,480 (+1043.5%), from €1,388 to €15,867
- Gross operating margin -€10,508
down €10,508 (-24.2%), from €43,462 to €32,954
- Taxes -€8,468
down €8,468 (-100.0%), from €8,468 to €0
- Financial charges +€3,574
up €3,574 (+13762.2%), from €26 to €3,600
- Financial income +€1,022
up €1,022 (+1132.1%), from €90 to €1,112
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 | €52,775 | €465,313 | +€412,538 | +781.7% |
| Formation expenses | 20 | €2,239 | €0 | -€2,239 | -100.0% |
| Fixed assets | 21/28 | - | €294,829 | +€294,829 | |
| Tangible fixed assets | 22/27 | - | €289,429 | +€289,429 | |
| Plant, machinery and equipment | 23 | - | €273,637 | +€273,637 | |
| Furniture and vehicles | 24 | - | €4,094 | +€4,094 | |
| Other tangible fixed assets | 26 | - | €11,698 | +€11,698 | |
| Financial fixed assets | 28 | - | €5,400 | +€5,400 | |
| Current assets | 29/58 | €50,536 | €170,484 | +€119,948 | +237.4% |
| Amounts receivable within one year | 40/41 | €32,192 | €71,032 | +€38,841 | +120.7% |
| Trade receivables | 40 | €12,100 | €45,609 | +€33,509 | +276.9% |
| Other amounts receivable | 41 | €20,092 | €25,423 | +€5,331 | +26.5% |
| Cash at bank and in hand | 54/58 | €18,344 | €96,126 | +€77,782 | +424.0% |
| Deferred charges and accrued income | 490/1 | - | €3,325 | +€3,325 | |
| Total equity and liabilities | 10/49 | €52,775 | €465,313 | +€412,538 | +781.7% |
| Equity | 10/15 | €38,283 | €51,235 | +€12,951 | +33.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,283 | €46,235 | +€12,951 | +38.9% |
| Distributable reserves | 133 | €33,283 | €46,235 | +€12,951 | +38.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,491 | €414,078 | +€399,586 | +2757.4% |
| Amounts payable after more than one year | 17 | - | €179,283 | +€179,283 | |
| Financial debts | 170/4 | - | €179,283 | +€179,283 | |
| Amounts payable within one year | 42/48 | €14,491 | €234,795 | +€220,303 | +1520.2% |
| Current portion of amounts payable after more than one year | 42 | - | €45,526 | +€45,526 | |
| Trade debts | 44 | €376 | €179,668 | +€179,291 | +47625.6% |
| Suppliers | 440/4 | €376 | €179,668 | +€179,291 | +47625.6% |
| Taxes, remuneration and social security | 45 | €14,115 | €8,768 | -€5,347 | -37.9% |
| Taxes | 450/3 | €14,115 | €8,768 | -€5,347 | -37.9% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,388 | €15,867 | +€14,480 | +1043.5% |
| Other operating charges | 640/8 | €387 | €815 | +€427 | +110.3% |
| Gross operating margin | 9900 | €43,462 | €32,954 | -€10,508 | -24.2% |
| Operating profit (loss) | 9901 | €41,687 | €16,272 | -€25,415 | -61.0% |
| Financial income | 75/76B | €90 | €1,112 | +€1,022 | +1132.1% |
| Recurring financial income | 75 | €90 | €1,112 | +€1,022 | +1132.1% |
| Financial charges | 65/66B | €26 | €3,600 | +€3,574 | +13762.2% |
| Recurring financial charges | 65 | €26 | €3,600 | +€3,574 | +13762.2% |
| Profit (loss) for the period before taxes | 9903 | €41,752 | €13,784 | -€27,967 | -67.0% |
| Income taxes | 67/77 | €8,468 | €0 | -€8,468 | -100.0% |
| Profit (loss) for the period | 9904 | €33,283 | €13,784 | -€19,499 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,283 | €13,784 | -€19,499 | -58.6% |
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 9 October 2026 via checked.be.