KOBRIC: 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.
KOBRIC
Largest movements
- Tangible fixed assets -€36,453
down €36,453 (-5.9%), from €620,632 to €584,180
of which Land and buildings: -€28,258
- Cash +€29,091
up €29,091 (+96.6%), from €30,102 to €59,193
mainly Net result for the year (+€53,535) and Current portion of long-term debt (+€52,190)
- Stocks and contracts -€23,301
down €23,301 (-3.2%), from €727,369 to €704,068
- Receivables within one year +€16,977
up €16,977 (+38.9%), from €43,692 to €60,670
of which Trade receivables: +€19,169
- Debts after one year -€137,221
down €137,221 (-20.3%), from €674,637 to €537,416
- Current portion of long-term debt +€52,190
up €52,190 (+40.1%), from €130,032 to €182,221
- Other debts +€41,886
up €41,886 (+4548.0%), from €921 to €42,807
- Short-term financial debts +€21,821
up €21,821 (+95.6%), from €22,837 to €44,659
- Gross operating margin +€67,072
up €67,072 (+18.3%), from €366,554 to €433,626
- Taxes +€18,616
up €18,616 (+839.5%), from €2,218 to €20,834
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 | €1,440,904 | €1,426,313 | -€14,592 | -1.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €620,782 | €584,330 | -€36,453 | -5.9% |
| Tangible fixed assets | 22/27 | €620,632 | €584,180 | -€36,453 | -5.9% |
| Land and buildings | 22 | €607,907 | €579,649 | -€28,258 | -4.6% |
| Plant, machinery and equipment | 23 | €5,867 | €1,532 | -€4,335 | -73.9% |
| Furniture and vehicles | 24 | €6,858 | €2,998 | -€3,859 | -56.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €820,122 | €841,983 | +€21,861 | +2.7% |
| Stocks and contracts in progress | 3 | €727,369 | €704,068 | -€23,301 | -3.2% |
| Stocks | 30/36 | €727,369 | €704,068 | -€23,301 | -3.2% |
| Amounts receivable within one year | 40/41 | €43,692 | €60,670 | +€16,977 | +38.9% |
| Trade receivables | 40 | €39,835 | €59,004 | +€19,169 | +48.1% |
| Other amounts receivable | 41 | €3,857 | €1,666 | -€2,191 | -56.8% |
| Cash at bank and in hand | 54/58 | €30,102 | €59,193 | +€29,091 | +96.6% |
| Deferred charges and accrued income | 490/1 | €18,959 | €18,053 | -€906 | -4.8% |
| Total equity and liabilities | 10/49 | €1,440,904 | €1,426,313 | -€14,592 | -1.0% |
| Equity | 10/15 | €367,835 | €371,370 | +€3,535 | +1.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €317,835 | €321,370 | +€3,535 | +1.1% |
| Distributable reserves | 133 | €317,835 | €321,370 | +€3,535 | +1.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,073,069 | €1,054,943 | -€18,127 | -1.7% |
| Amounts payable after more than one year | 17 | €674,637 | €537,416 | -€137,221 | -20.3% |
| Financial debts | 170/4 | €674,637 | €537,416 | -€137,221 | -20.3% |
| Amounts payable within one year | 42/48 | €398,432 | €516,823 | +€118,391 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €130,032 | €182,221 | +€52,190 | +40.1% |
| Financial debts | 43 | €22,837 | €44,659 | +€21,821 | +95.6% |
| Credit institutions | 430/8 | €22,837 | €44,659 | +€21,821 | +95.6% |
| Trade debts | 44 | €194,614 | €190,180 | -€4,434 | -2.3% |
| Suppliers | 440/4 | €194,614 | €190,180 | -€4,434 | -2.3% |
| Taxes, remuneration and social security | 45 | €50,029 | €56,957 | +€6,928 | +13.8% |
| Taxes | 450/3 | €14,724 | €27,174 | +€12,450 | +84.6% |
| Remuneration and social security | 454/9 | €35,305 | €29,783 | -€5,522 | -15.6% |
| Other amounts payable | 47/48 | €921 | €42,807 | +€41,886 | +4548.0% |
| Accrued charges and deferred income | 492/3 | €0 | €704 | +€704 | |
| Remuneration, social security and pensions | 62 | €279,212 | €276,990 | -€2,222 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,223 | €36,453 | -€770 | -2.1% |
| Other operating charges | 640/8 | €19,852 | €20,428 | +€576 | +2.9% |
| Gross operating margin | 9900 | €366,554 | €433,626 | +€67,072 | +18.3% |
| Operating profit (loss) | 9901 | €30,267 | €99,755 | +€69,489 | +229.6% |
| Financial income | 75/76B | €103 | €182 | +€80 | +77.4% |
| Recurring financial income | 75 | €103 | €182 | +€80 | +77.4% |
| Financial charges | 65/66B | €27,423 | €25,569 | -€1,855 | -6.8% |
| Recurring financial charges | 65 | €27,423 | €25,569 | -€1,855 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €2,946 | €74,369 | +€71,423 | +2424.2% |
| Income taxes | 67/77 | €2,218 | €20,834 | +€18,616 | +839.5% |
| Profit (loss) for the period | 9904 | €729 | €53,535 | +€52,807 | +7247.6% |
| Profit (loss) for the period to be appropriated | 9905 | €729 | €53,535 | +€52,807 | +7247.6% |
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 10 October 2026 via checked.be.