KOBRA DESIGN: 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.
KOBRA DESIGN
Largest movements
- Receivables within one year +€22,303
up €22,303 (+90.9%), from €24,530 to €46,833
of which Other amounts receivable: +€25,081
- Cash -€19,825
down €19,825 (-85.0%), from €23,326 to €3,501
mainly Contributions, distributions and other (-€28,571) and Receivables within one year (-€22,303)
- Tax, wage and social debts +€12,287
up €12,287 (+234%), from €5,254 to €17,541
of which Taxes: +€10,287
- Profit (loss) carried forward -€9,586
down €9,586 (-22.5%), from €42,552 to €32,966
- Gross operating margin +€24,131
up €24,131 (+331%), from €7,292 to €31,423
- Taxes +€5,122
up €5,122 (+271%), from €1,891 to €7,013
- Other operating charges +€2,044
up €2,044 (+744%), from €275 to €2,319
- Financial charges -€801
down €801 (-25.5%), from €3,142 to €2,341
- Staff costs +€400
new in 2026: €400
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,333 | €50,753 | +€2,420 | +5.0% |
| Fixed assets | 21/28 | €477 | €100 | -€377 | -79.0% |
| Tangible fixed assets | 22/27 | €477 | €100 | -€377 | -79.0% |
| Furniture and vehicles | 24 | €477 | €100 | -€377 | -79.0% |
| Current assets | 29/58 | €47,856 | €50,653 | +€2,797 | +5.8% |
| Amounts receivable within one year | 40/41 | €24,530 | €46,833 | +€22,303 | +90.9% |
| Trade receivables | 40 | €14,020 | €11,241 | -€2,778 | -19.8% |
| Other amounts receivable | 41 | €10,510 | €35,592 | +€25,081 | +239% |
| Cash at bank and in hand | 54/58 | €23,326 | €3,501 | -€19,825 | -85.0% |
| Deferred charges and accrued income | 490/1 | - | €319 | +€319 | |
| Total equity and liabilities | 10/49 | €48,333 | €50,753 | +€2,420 | +5.0% |
| Equity | 10/15 | €42,552 | €32,966 | -€9,586 | -22.5% |
| Profit (loss) carried forward | 14 | €42,552 | €32,966 | -€9,586 | -22.5% |
| Amounts payable | 17/49 | €5,781 | €17,787 | +€12,007 | +208% |
| Amounts payable within one year | 42/48 | €5,781 | €17,787 | +€12,007 | +208% |
| Trade debts | 44 | €527 | €246 | -€281 | -53.3% |
| Suppliers | 440/4 | €527 | €246 | -€281 | -53.3% |
| Taxes, remuneration and social security | 45 | €5,254 | €17,541 | +€12,287 | +234% |
| Taxes | 450/3 | €5,254 | €15,541 | +€10,287 | +196% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €377 | = | 0.0% |
| Other operating charges | 640/8 | €275 | €2,319 | +€2,044 | +744% |
| Gross operating margin | 9900 | €7,292 | €31,423 | +€24,131 | +331% |
| Operating profit (loss) | 9901 | €6,640 | €28,327 | +€21,687 | +327% |
| Financial income | 75/76B | €8 | €13 | +€4 | +54.2% |
| Recurring financial income | 75 | €8 | €13 | +€4 | +54.2% |
| Financial charges | 65/66B | €3,142 | €2,341 | -€801 | -25.5% |
| Recurring financial charges | 65 | €3,142 | €2,341 | -€801 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €3,506 | €25,999 | +€22,492 | +641% |
| Income taxes | 67/77 | €1,891 | €7,013 | +€5,122 | +271% |
| Profit (loss) for the period | 9904 | €1,615 | €18,985 | +€17,370 | +1,075% |
| Profit (loss) for the period to be appropriated | 9905 | €1,615 | €18,985 | +€17,370 | +1,075% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.