Kobton: 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.
Kobton
Largest movements
- Stocks and contracts +€155,860
new in 2025: €155,860
- Cash -€63,520
down €63,520 (-81.9%), from €77,543 to €14,023
mainly Stocks and contracts (-€155,860) and Net result for the year (-€50,882)
- Receivables within one year +€10,471
up €10,471 (+124.2%), from €8,433 to €18,904
of which Other amounts receivable: +€10,471
- Other debts +€135,791
up €135,791 (+65112.2%), from €209 to €136,000
- Reserves -€50,882
down €50,882 (-64.0%), from €79,467 to €28,585
- Trade debts +€20,187
up €20,187 (+2043.5%), from €988 to €21,175
- Tax, wage and social debts -€4,229
down €4,229 (-69.6%), from €6,077 to €1,847
of which Taxes: -€2,628
- Gross operating margin -€56,121
down €56,121, from €6,330 to -€49,791
- Taxes -€1,908
down €1,908 (-95.8%), from €1,993 to €85
- Financial income +€914
up €914 (+205.3%), from €445 to €1,359
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 | €89,741 | €190,608 | +€100,868 | +112.4% |
| Fixed assets | 21/28 | €3,635 | €1,822 | -€1,814 | -49.9% |
| Tangible fixed assets | 22/27 | €3,635 | €1,822 | -€1,814 | -49.9% |
| Furniture and vehicles | 24 | €3,635 | €1,822 | -€1,814 | -49.9% |
| Current assets | 29/58 | €86,105 | €188,787 | +€102,681 | +119.3% |
| Stocks and contracts in progress | 3 | - | €155,860 | +€155,860 | |
| Contracts in progress | 37 | - | €155,860 | +€155,860 | |
| Amounts receivable within one year | 40/41 | €8,433 | €18,904 | +€10,471 | +124.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €8,433 | €18,904 | +€10,471 | +124.2% |
| Cash at bank and in hand | 54/58 | €77,543 | €14,023 | -€63,520 | -81.9% |
| Deferred charges and accrued income | 490/1 | €130 | €0 | -€130 | -100.0% |
| Total equity and liabilities | 10/49 | €89,741 | €190,608 | +€100,868 | +112.4% |
| Equity | 10/15 | €82,467 | €31,585 | -€50,882 | -61.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €79,467 | €28,585 | -€50,882 | -64.0% |
| Distributable reserves | 133 | €79,467 | €28,585 | -€50,882 | -64.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,273 | €159,023 | +€151,750 | +2086.4% |
| Amounts payable within one year | 42/48 | €7,273 | €159,023 | +€151,750 | +2086.4% |
| Trade debts | 44 | €988 | €21,175 | +€20,187 | +2043.5% |
| Suppliers | 440/4 | €988 | €21,175 | +€20,187 | +2043.5% |
| Taxes, remuneration and social security | 45 | €6,077 | €1,847 | -€4,229 | -69.6% |
| Taxes | 450/3 | €2,652 | €25 | -€2,628 | -99.1% |
| Remuneration and social security | 454/9 | €3,424 | €1,823 | -€1,602 | -46.8% |
| Other amounts payable | 47/48 | €209 | €136,000 | +€135,791 | +65112.2% |
| Non-recurring operating income | 76A | - | €675 | +€675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,535 | €1,814 | +€279 | +18.2% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €6,330 | -€49,791 | -€56,121 | |
| Operating profit (loss) | 9901 | €4,346 | -€52,066 | -€56,412 | |
| Financial income | 75/76B | €445 | €1,359 | +€914 | +205.3% |
| Recurring financial income | 75 | €445 | €1,359 | +€914 | +205.3% |
| Financial charges | 65/66B | €58 | €90 | +€32 | +54.7% |
| Recurring financial charges | 65 | €58 | €90 | +€32 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €4,733 | -€50,798 | -€55,530 | |
| Income taxes | 67/77 | €1,993 | €85 | -€1,908 | -95.8% |
| Profit (loss) for the period | 9904 | €2,740 | -€50,882 | -€53,622 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,740 | -€50,882 | -€53,622 |
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 6 October 2026 via checked.be.