Kobri: 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.
Kobri
Largest movements
- Cash +€280,699
up €280,699 (+48.1%), from €584,057 to €864,756
mainly Net result for the year (+€277,488) and Tax, wage and social debts (+€59,306)
- Receivables within one year +€51,057
up €51,057 (+110.4%), from €46,227 to €97,284
- Reserves +€277,488
up €277,488 (+47.3%), from €586,186 to €863,674
- Tax, wage and social debts +€59,306
up €59,306 (+211.1%), from €28,093 to €87,399
- Gross operating margin +€188,946
up €188,946 (+82.3%), from €229,609 to €418,555
- Taxes +€62,903
up €62,903 (+89.2%), from €70,548 to €133,452
- Financial income -€8,540
no longer reported in 2025 (was €8,540)
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 | €648,647 | €984,166 | +€335,519 | +51.7% |
| Fixed assets | 21/28 | €16,394 | €19,845 | +€3,451 | +21.1% |
| Tangible fixed assets | 22/27 | €16,394 | €19,845 | +€3,451 | +21.1% |
| Plant, machinery and equipment | 23 | €1,566 | €693 | -€873 | -55.8% |
| Furniture and vehicles | 24 | €14,828 | €19,152 | +€4,325 | +29.2% |
| Current assets | 29/58 | €632,253 | €964,320 | +€332,068 | +52.5% |
| Amounts receivable within one year | 40/41 | €46,227 | €97,284 | +€51,057 | +110.4% |
| Trade receivables | 40 | €46,227 | €97,284 | +€51,057 | +110.4% |
| Cash at bank and in hand | 54/58 | €584,057 | €864,756 | +€280,699 | +48.1% |
| Deferred charges and accrued income | 490/1 | €1,969 | €2,281 | +€312 | +15.8% |
| Total equity and liabilities | 10/49 | €648,647 | €984,166 | +€335,519 | +51.7% |
| Equity | 10/15 | €587,186 | €864,674 | +€277,488 | +47.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €586,186 | €863,674 | +€277,488 | +47.3% |
| Distributable reserves | 133 | €586,186 | €863,674 | +€277,488 | +47.3% |
| Amounts payable | 17/49 | €61,461 | €119,492 | +€58,031 | +94.4% |
| Amounts payable within one year | 42/48 | €61,461 | €119,492 | +€58,031 | +94.4% |
| Trade debts | 44 | €259 | €352 | +€93 | +35.8% |
| Suppliers | 440/4 | €259 | €352 | +€93 | +35.8% |
| Taxes, remuneration and social security | 45 | €28,093 | €87,399 | +€59,306 | +211.1% |
| Taxes | 450/3 | €28,093 | €87,399 | +€59,306 | +211.1% |
| Other amounts payable | 47/48 | €33,109 | €31,741 | -€1,368 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,510 | €7,036 | +€527 | +8.1% |
| Other operating charges | 640/8 | €483 | €484 | +€1 | +0.3% |
| Gross operating margin | 9900 | €229,609 | €418,555 | +€188,946 | +82.3% |
| Operating profit (loss) | 9901 | €222,617 | €411,034 | +€188,418 | +84.6% |
| Financial income | 75/76B | €8,540 | - | -€8,540 | |
| Recurring financial income | 75 | €8,540 | - | -€8,540 | |
| Financial charges | 65/66B | €98 | €94 | -€3 | -3.2% |
| Recurring financial charges | 65 | €98 | €94 | -€3 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €231,059 | €410,940 | +€179,881 | +77.9% |
| Income taxes | 67/77 | €70,548 | €133,452 | +€62,903 | +89.2% |
| Profit (loss) for the period | 9904 | €160,511 | €277,488 | +€116,977 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €160,511 | €277,488 | +€116,977 | +72.9% |
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 7 October 2026 via checked.be.