KOBUSCO: 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.
KOBUSCO
Largest movements
- Receivables within one year +€76,102
up €76,102 (+69.9%), from €108,896 to €184,998
of which Trade receivables: +€82,281
- Tangible fixed assets +€19,795
up €19,795 (+45.7%), from €43,296 to €63,092
of which Furniture and vehicles: +€19,795
- Cash +€9,732
up €9,732 (+58.3%), from €16,705 to €26,437
mainly Trade debts (+€71,415) and Depreciation (+€30,539)
- Trade debts +€71,415
up €71,415 (+225.3%), from €31,698 to €103,113
- Profit (loss) carried forward +€21,256
up €21,256 (+23.3%), from €91,349 to €112,605
- Current portion of long-term debt +€6,463
up €6,463 (+93.7%), from €6,898 to €13,361
- Tax, wage and social debts +€4,581
new in 2025: €4,581
- Gross operating margin +€27,566
up €27,566 (+74.0%), from €37,274 to €64,840
- Depreciation +€11,289
up €11,289 (+58.6%), from €19,250 to €30,539
- Taxes +€6,727
up €6,727 (+132.8%), from €5,064 to €11,791
- Financial income +€1,406
up €1,406 (+345.7%), from €407 to €1,812
- Financial charges +€847
up €847 (+82.7%), from €1,024 to €1,871
of which Financial charges: +€847
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 | €169,655 | €275,285 | +€105,629 | +62.3% |
| Fixed assets | 21/28 | €44,054 | €63,850 | +€19,795 | +44.9% |
| Tangible fixed assets | 22/27 | €43,296 | €63,092 | +€19,795 | +45.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €43,296 | €63,092 | +€19,795 | +45.7% |
| Financial fixed assets | 28 | €758 | €758 | = | 0.0% |
| Current assets | 29/58 | €125,601 | €211,435 | +€85,834 | +68.3% |
| Amounts receivable within one year | 40/41 | €108,896 | €184,998 | +€76,102 | +69.9% |
| Trade receivables | 40 | €88,082 | €170,364 | +€82,281 | +93.4% |
| Other amounts receivable | 41 | €20,814 | €14,634 | -€6,179 | -29.7% |
| Cash at bank and in hand | 54/58 | €16,705 | €26,437 | +€9,732 | +58.3% |
| Total equity and liabilities | 10/49 | €169,655 | €275,285 | +€105,629 | +62.3% |
| Equity | 10/15 | €98,658 | €119,913 | +€21,256 | +21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,108 | €1,108 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,108 | €1,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,349 | €112,605 | +€21,256 | +23.3% |
| Amounts payable | 17/49 | €70,998 | €155,371 | +€84,374 | +118.8% |
| Amounts payable within one year | 42/48 | €70,998 | €155,371 | +€84,374 | +118.8% |
| Current portion of amounts payable after more than one year | 42 | €6,898 | €13,361 | +€6,463 | +93.7% |
| Trade debts | 44 | €31,698 | €103,113 | +€71,415 | +225.3% |
| Suppliers | 440/4 | €31,698 | €103,113 | +€71,415 | +225.3% |
| Advances received on contracts in progress | 46 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €4,581 | +€4,581 | |
| Taxes | 450/3 | - | €4,581 | +€4,581 | |
| Other amounts payable | 47/48 | €30,402 | €32,316 | +€1,914 | +6.3% |
| Non-recurring operating income | 76A | - | €1,650 | +€1,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,250 | €30,539 | +€11,289 | +58.6% |
| Other operating charges | 640/8 | €1,114 | €1,196 | +€82 | +7.4% |
| Gross operating margin | 9900 | €37,274 | €64,840 | +€27,566 | +74.0% |
| Operating profit (loss) | 9901 | €16,911 | €33,105 | +€16,195 | +95.8% |
| Financial income | 75/76B | €407 | €1,812 | +€1,406 | +345.7% |
| Recurring financial income | 75 | €407 | €1,812 | +€1,406 | +345.7% |
| Financial charges | 65/66B | €1,024 | €1,871 | +€847 | +82.7% |
| Recurring financial charges | 65 | €1,024 | €1,871 | +€847 | +82.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €16,293 | €33,046 | +€16,753 | +102.8% |
| Income taxes | 67/77 | €5,064 | €11,791 | +€6,727 | +132.8% |
| Profit (loss) for the period | 9904 | €11,229 | €21,256 | +€10,027 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,229 | €21,256 | +€10,027 | +89.3% |
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 11 October 2026 via checked.be.