KOBOS: 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.
What changed
KOBOS
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€223,197
2024 · €2.9m-€2.6m
Equity
€4.1m
2024 · €4.6m-€454,882
Cash
€239,278
2024 · €190,480+€48,798
Balance sheet total
€5.1m
2024 · €5.0m+€69,123
Largest movements
Assets
- Receivables after one year -€222,243
down €222,243 (-6.0%), from €3.7m to €3.5m
- Deferred charges and accrued income +€150,068
up €150,068 (+88.4%), from €169,752 to €319,820
- Tangible fixed assets +€90,023
up €90,023 (+22.2%), from €405,562 to €495,585
of which Land and buildings: +€92,793
Equity and liabilities
- Reserves -€454,882
down €454,882 (-9.9%), from €4.6m to €4.1m
of which Distributable reserves: -€454,882
- Other debts +€449,654
up €449,654 (+192.4%), from €233,740 to €683,394
- Debts after one year +€52,887
up €52,887 (+126.4%), from €41,836 to €94,723
Income statement
- Gross operating margin -€2.4m
down €2.4m (-93.2%), from €2.6m to €175,313
- Financial income -€499,041
down €499,041 (-74.5%), from €670,060 to €171,019
- Taxes -€275,217
down €275,217 (-73.6%), from €374,080 to €98,863
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.
Result 2024
€2.9m
Gross operating margin
-€2.4m
Depreciation
-€1,274
Other operating charges
-€1,319
Financial income
-€499,041
Financial charges
+€1,873
Taxes
+€275,217
Result 2025
€223,197
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.
From operations
+€756,368
Investment
-€93,206
Financing
-€614,365
Cash 2024
€190,480
From operations (derived)
+€756,368
Net result for the year
+€223,197
Depreciation
+€13,854
Receivables after one year
+€222,243
Receivables within one year
-€13,147
Deferred charges and accrued income
-€150,068
Smaller working-capital items
-€2,431
Tax, wage and social debts
+€13,068
Other debts
+€449,654
Investment (derived)
-€93,206
Investment in fixed assets (net)
-€103,877
Current investments
+€10,671
Financing
-€614,365
Debts after one year
+€52,887
Current portion of long-term debt
+€10,828
Contributions, distributions and other
-€678,079
Cash 2025
€239,278
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,006,122 | €5,075,245 | +€69,123 | +1.4% |
| Fixed assets | 21/28 | €405,567 | €495,590 | +€90,023 | +22.2% |
| Tangible fixed assets | 22/27 | €405,562 | €495,585 | +€90,023 | +22.2% |
| Land and buildings | 22 | €395,824 | €488,617 | +€92,793 | +23.4% |
| Plant, machinery and equipment | 23 | €5,356 | €3,718 | -€1,638 | -30.6% |
| Furniture and vehicles | 24 | €499 | €0 | -€499 | -100.0% |
| Other tangible fixed assets | 26 | €3,884 | €3,250 | -€633 | -16.3% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €4,600,555 | €4,579,655 | -€20,900 | -0.5% |
| Amounts receivable after more than one year | 29 | €3,698,790 | €3,476,548 | -€222,243 | -6.0% |
| Other amounts receivable | 291 | €3,698,790 | €3,476,548 | -€222,243 | -6.0% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €340,447 | €353,595 | +€13,147 | +3.9% |
| Trade receivables | 40 | €34,049 | €73,919 | +€39,870 | +117.1% |
| Other amounts receivable | 41 | €306,398 | €279,676 | -€26,722 | -8.7% |
| Current investments | 50/53 | €200,585 | €189,914 | -€10,671 | -5.3% |
| Cash at bank and in hand | 54/58 | €190,480 | €239,278 | +€48,798 | +25.6% |
| Deferred charges and accrued income | 490/1 | €169,752 | €319,820 | +€150,068 | +88.4% |
| Total equity and liabilities | 10/49 | €5,006,122 | €5,075,245 | +€69,123 | +1.4% |
| Equity | 10/15 | €4,603,104 | €4,148,222 | -€454,882 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,584,504 | €4,129,622 | -€454,882 | -9.9% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €4,584,504 | €4,129,622 | -€454,882 | -9.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €403,018 | €927,023 | +€524,005 | +130.0% |
| Amounts payable after more than one year | 17 | €41,836 | €94,723 | +€52,887 | +126.4% |
| Financial debts | 170/4 | €41,836 | €94,723 | +€52,887 | +126.4% |
| Amounts payable within one year | 42/48 | €354,184 | €826,349 | +€472,166 | +133.3% |
| Current portion of amounts payable after more than one year | 42 | €34,727 | €45,555 | +€10,828 | +31.2% |
| Trade debts | 44 | €25,340 | €23,956 | -€1,383 | -5.5% |
| Suppliers | 440/4 | €25,340 | €23,956 | -€1,383 | -5.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €60,377 | €73,444 | +€13,068 | +21.6% |
| Taxes | 450/3 | €60,377 | €73,444 | +€13,068 | +21.6% |
| Other amounts payable | 47/48 | €233,740 | €683,394 | +€449,654 | +192.4% |
| Accrued charges and deferred income | 492/3 | €6,998 | €5,951 | -€1,047 | -15.0% |
| Non-recurring operating income | 76A | €2,469,096 | €0 | -€2.5m | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,579 | €13,854 | +€1,274 | +10.1% |
| Other operating charges | 640/8 | €4,112 | €5,431 | +€1,319 | +32.1% |
| Gross operating margin | 9900 | €2,594,781 | €175,313 | -€2.4m | -93.2% |
| Operating profit (loss) | 9901 | €2,578,090 | €156,028 | -€2.4m | -93.9% |
| Financial income | 75/76B | €670,060 | €171,019 | -€499,041 | -74.5% |
| Recurring financial income | 75 | €670,060 | €171,019 | -€499,041 | -74.5% |
| Financial charges | 65/66B | €6,860 | €4,988 | -€1,873 | -27.3% |
| Recurring financial charges | 65 | €6,860 | €4,988 | -€1,873 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €3,241,289 | €322,059 | -€2.9m | -90.1% |
| Income taxes | 67/77 | €374,080 | €98,863 | -€275,217 | -73.6% |
| Profit (loss) for the period | 9904 | €2,867,210 | €223,197 | -€2.6m | -92.2% |
| Transfer from tax-exempt reserves | 789 | €231,550 | €0 | -€231,550 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,098,760 | €223,197 | -€2.9m | -92.8% |
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.