KOBOR: 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.
KOBOR
Largest movements
- Cash +€323,942
up €323,942 (+250.7%), from €129,217 to €453,159
mainly Net result for the year (+€397,028) and Other debts (+€164,819)
- Receivables within one year +€208,853
up €208,853 (+91.1%), from €229,247 to €438,100
of which Trade receivables: +€220,609
- Financial fixed assets +€27,000
new in 2024: €27,000
- Reserves +€239,068
up €239,068 (+206.9%), from €115,523 to €354,590
- Other debts +€164,819
up €164,819 (+193.5%), from €85,181 to €250,000
- Tax, wage and social debts +€138,819
up €138,819 (+95.8%), from €144,966 to €283,785
of which Taxes: +€85,248
- Trade debts +€29,931
up €29,931 (+290.1%), from €10,319 to €40,250
- Gross operating margin +€798,853
up €798,853 (+194.2%), from €411,359 to €1.2m
- Staff costs +€413,950
up €413,950 (+181.9%), from €227,535 to €641,486
- Taxes +€95,063
up €95,063 (+144.9%), from €65,589 to €160,652
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €386,505 | €952,152 | +€565,647 | +146.3% |
| Fixed assets | 21/28 | €5,040 | €40,711 | +€35,672 | +707.8% |
| Tangible fixed assets | 22/27 | €5,040 | €13,711 | +€8,672 | +172.1% |
| Plant, machinery and equipment | 23 | €1,523 | €5,959 | +€4,436 | +291.2% |
| Furniture and vehicles | 24 | €3,517 | €7,752 | +€4,236 | +120.4% |
| Financial fixed assets | 28 | - | €27,000 | +€27,000 | |
| Current assets | 29/58 | €381,465 | €911,441 | +€529,975 | +138.9% |
| Amounts receivable within one year | 40/41 | €229,247 | €438,100 | +€208,853 | +91.1% |
| Trade receivables | 40 | €212,260 | €432,869 | +€220,609 | +103.9% |
| Other amounts receivable | 41 | €16,987 | €5,231 | -€11,756 | -69.2% |
| Cash at bank and in hand | 54/58 | €129,217 | €453,159 | +€323,942 | +250.7% |
| Deferred charges and accrued income | 490/1 | €23,001 | €20,181 | -€2,820 | -12.3% |
| Total equity and liabilities | 10/49 | €386,505 | €952,152 | +€565,647 | +146.3% |
| Equity | 10/15 | €145,523 | €377,601 | +€232,078 | +159.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €115,523 | €354,590 | +€239,068 | +206.9% |
| Distributable reserves | 133 | €115,523 | €354,590 | +€239,068 | +206.9% |
| Profit (loss) carried forward | 14 | - | -€6,989 | -€6,989 | |
| Amounts payable | 17/49 | €240,982 | €574,551 | +€333,568 | +138.4% |
| Amounts payable within one year | 42/48 | €240,466 | €574,034 | +€333,568 | +138.7% |
| Trade debts | 44 | €10,319 | €40,250 | +€29,931 | +290.1% |
| Suppliers | 440/4 | €10,319 | €40,250 | +€29,931 | +290.1% |
| Taxes, remuneration and social security | 45 | €144,966 | €283,785 | +€138,819 | +95.8% |
| Taxes | 450/3 | €126,105 | €211,352 | +€85,248 | +67.6% |
| Remuneration and social security | 454/9 | €18,861 | €72,432 | +€53,571 | +284.0% |
| Other amounts payable | 47/48 | €85,181 | €250,000 | +€164,819 | +193.5% |
| Accrued charges and deferred income | 492/3 | €517 | €517 | = | 0.0% |
| Non-recurring operating income | 76A | €988 | - | -€988 | |
| Remuneration, social security and pensions | 62 | €227,535 | €641,486 | +€413,950 | +181.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,841 | €3,139 | +€1,298 | +70.5% |
| Other operating charges | 640/8 | - | €4,242 | +€4,242 | |
| Gross operating margin | 9900 | €411,359 | €1,210,212 | +€798,853 | +194.2% |
| Operating profit (loss) | 9901 | €181,983 | €561,345 | +€379,362 | +208.5% |
| Financial income | 75/76B | €1 | €14 | +€14 | +2453.6% |
| Recurring financial income | 75 | €1 | €14 | +€14 | +2453.6% |
| Financial charges | 65/66B | €872 | €3,679 | +€2,807 | +322.1% |
| Recurring financial charges | 65 | €872 | €3,679 | +€2,807 | +322.1% |
| Profit (loss) for the period before taxes | 9903 | €181,112 | €557,680 | +€376,568 | +207.9% |
| Income taxes | 67/77 | €65,589 | €160,652 | +€95,063 | +144.9% |
| Profit (loss) for the period | 9904 | €115,523 | €397,028 | +€281,506 | +243.7% |
| Profit (loss) for the period to be appropriated | 9905 | €115,523 | €397,028 | +€281,506 | +243.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.