KOBUS: 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.
KOBUS
Largest movements
- Cash +€163,099
up €163,099 (+35.1%), from €464,866 to €627,965
mainly Net result for the year (+€276,691) and Depreciation (+€17,145)
- Tangible fixed assets -€25,071
down €25,071 (-5.4%), from €466,476 to €441,404
of which Furniture and vehicles: -€16,209
- Receivables within one year +€13,479
up €13,479 (+41.4%), from €32,543 to €46,021
of which Trade receivables: +€23,948
- Reserves +€152,991
up €152,991 (+17.2%), from €888,929 to €1.0m
- Financial charges -€4,871
down €4,871 (-26.7%), from €18,217 to €13,346
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 | €1,067,622 | €1,217,426 | +€149,804 | +14.0% |
| Fixed assets | 21/28 | €466,476 | €441,404 | -€25,071 | -5.4% |
| Tangible fixed assets | 22/27 | €466,476 | €441,404 | -€25,071 | -5.4% |
| Land and buildings | 22 | €411,562 | €404,877 | -€6,686 | -1.6% |
| Furniture and vehicles | 24 | €48,613 | €32,404 | -€16,209 | -33.3% |
| Other tangible fixed assets | 26 | €6,300 | €4,123 | -€2,177 | -34.6% |
| Current assets | 29/58 | €601,146 | €776,022 | +€174,876 | +29.1% |
| Amounts receivable within one year | 40/41 | €32,543 | €46,021 | +€13,479 | +41.4% |
| Trade receivables | 40 | €5,000 | €28,948 | +€23,948 | +479.0% |
| Other amounts receivable | 41 | €27,543 | €17,073 | -€10,470 | -38.0% |
| Current investments | 50/53 | €99,871 | €99,871 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €464,866 | €627,965 | +€163,099 | +35.1% |
| Deferred charges and accrued income | 490/1 | €3,867 | €2,164 | -€1,703 | -44.0% |
| Total equity and liabilities | 10/49 | €1,067,622 | €1,217,426 | +€149,804 | +14.0% |
| Equity | 10/15 | €901,329 | €1,054,320 | +€152,991 | +17.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €888,929 | €1,041,920 | +€152,991 | +17.2% |
| Distributable reserves | 133 | €888,929 | €1,041,920 | +€152,991 | +17.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €166,293 | €163,106 | -€3,187 | -1.9% |
| Amounts payable within one year | 42/48 | €156,693 | €153,054 | -€3,639 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €3,359 | €0 | -€3,359 | -100.0% |
| Trade debts | 44 | €5,139 | €1,123 | -€4,017 | -78.2% |
| Suppliers | 440/4 | €5,139 | €1,123 | -€4,017 | -78.2% |
| Taxes, remuneration and social security | 45 | €9,437 | €10,749 | +€1,312 | +13.9% |
| Taxes | 450/3 | €9,437 | €10,749 | +€1,312 | +13.9% |
| Other amounts payable | 47/48 | €138,757 | €141,182 | +€2,425 | +1.7% |
| Accrued charges and deferred income | 492/3 | €9,600 | €10,052 | +€452 | +4.7% |
| Non-recurring operating income | 76A | €1,365 | €10,173 | +€8,808 | +645.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,216 | €17,145 | -€71 | -0.4% |
| Other operating charges | 640/8 | €3,262 | €2,395 | -€867 | -26.6% |
| Gross operating margin | 9900 | €420,299 | €424,490 | +€4,191 | +1.0% |
| Operating profit (loss) | 9901 | €399,821 | €404,950 | +€5,129 | +1.3% |
| Financial income | 75/76B | €7,394 | €5,181 | -€2,213 | -29.9% |
| Recurring financial income | 75 | €7,394 | €5,181 | -€2,213 | -29.9% |
| Financial charges | 65/66B | €18,217 | €13,346 | -€4,871 | -26.7% |
| Recurring financial charges | 65 | €18,217 | €13,346 | -€4,871 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €388,998 | €396,785 | +€7,787 | +2.0% |
| Income taxes | 67/77 | €119,736 | €120,094 | +€357 | +0.3% |
| Profit (loss) for the period | 9904 | €269,261 | €276,691 | +€7,430 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €269,261 | €276,691 | +€7,430 | +2.8% |
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 8 October 2026 via checked.be.