YOUR COBAR: 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.
YOUR COBAR
Largest movements
- Tangible fixed assets -€23,021
down €23,021 (-19.5%), from €118,234 to €95,213
of which Other tangible fixed assets: -€117,359
- Receivables within one year -€4,865
down €4,865 (-28.0%), from €17,386 to €12,521
of which Trade receivables: -€4,307
- Stocks and contracts +€2,215
up €2,215 (+30.5%), from €7,260 to €9,475
- Deferred charges and accrued income -€1,775
down €1,775 (-73.4%), from €2,418 to €643
- Trade debts -€31,419
down €31,419 (-59.5%), from €52,792 to €21,373
- Profit (loss) carried forward +€29,429
up €29,429 (+36.4%), from -€80,943 to -€51,514
- Debts after one year -€16,311
down €16,311 (-100%), from €16,311 to €0
- Investment grants -€5,716
down €5,716 (-36.4%), from €15,719 to €10,003
- Tax, wage and social debts -€4,087
down €4,087 (-35.5%), from €11,500 to €7,413
of which Remuneration and social security: -€4,407
- Gross operating margin +€23,950
up €23,950 (+29.8%), from €80,465 to €104,415
- Staff costs -€15,849
down €15,849 (-25.0%), from €63,312 to €47,463
- Depreciation -€3,399
down €3,399 (-12.9%), from €26,420 to €23,021
- Financial charges -€2,030
down €2,030 (-31.6%), from €6,431 to €4,401
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.
Derived cash bridge
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 | €156,610 | €128,791 | -€27,820 | -17.8% |
| Fixed assets | 21/28 | €118,234 | €95,213 | -€23,021 | -19.5% |
| Tangible fixed assets | 22/27 | €118,234 | €95,213 | -€23,021 | -19.5% |
| Plant, machinery and equipment | 23 | - | €94,728 | +€94,728 | |
| Furniture and vehicles | 24 | €875 | €485 | -€390 | -44.6% |
| Other tangible fixed assets | 26 | €117,359 | - | -€117,359 | |
| Current assets | 29/58 | €38,376 | €33,577 | -€4,799 | -12.5% |
| Stocks and contracts in progress | 3 | €7,260 | €9,475 | +€2,215 | +30.5% |
| Stocks | 30/36 | €7,260 | €9,475 | +€2,215 | +30.5% |
| Amounts receivable within one year | 40/41 | €17,386 | €12,521 | -€4,865 | -28.0% |
| Trade receivables | 40 | €16,244 | €11,936 | -€4,307 | -26.5% |
| Other amounts receivable | 41 | €1,142 | €585 | -€558 | -48.8% |
| Cash at bank and in hand | 54/58 | €11,312 | €10,938 | -€374 | -3.3% |
| Deferred charges and accrued income | 490/1 | €2,418 | €643 | -€1,775 | -73.4% |
| Total equity and liabilities | 10/49 | €156,610 | €128,791 | -€27,820 | -17.8% |
| Equity | 10/15 | €34,796 | €58,509 | +€23,713 | +68.2% |
| Contributions | 10/11 | €100,020 | €100,020 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,943 | -€51,514 | +€29,429 | +36.4% |
| Investment grants | 15 | €15,719 | €10,003 | -€5,716 | -36.4% |
| Amounts payable | 17/49 | €121,815 | €70,281 | -€51,533 | -42.3% |
| Amounts payable after more than one year | 17 | €16,311 | €0 | -€16,311 | -100% |
| Financial debts | 170/4 | €16,311 | €0 | -€16,311 | -100% |
| Amounts payable within one year | 42/48 | €80,161 | €45,096 | -€35,065 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €15,869 | €16,311 | +€442 | +2.8% |
| Trade debts | 44 | €52,792 | €21,373 | -€31,419 | -59.5% |
| Suppliers | 440/4 | €52,792 | €21,373 | -€31,419 | -59.5% |
| Taxes, remuneration and social security | 45 | €11,500 | €7,413 | -€4,087 | -35.5% |
| Taxes | 450/3 | €48 | €368 | +€320 | +669% |
| Remuneration and social security | 454/9 | €11,452 | €7,045 | -€4,407 | -38.5% |
| Accrued charges and deferred income | 492/3 | €25,342 | €25,185 | -€157 | -0.6% |
| Remuneration, social security and pensions | 62 | €63,312 | €47,463 | -€15,849 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,420 | €23,021 | -€3,399 | -12.9% |
| Other operating charges | 640/8 | €526 | €100 | -€426 | -81.0% |
| Gross operating margin | 9900 | €80,465 | €104,415 | +€23,950 | +29.8% |
| Operating profit (loss) | 9901 | -€9,793 | €33,831 | +€43,624 | |
| Financial charges | 65/66B | €6,431 | €4,401 | -€2,030 | -31.6% |
| Recurring financial charges | 65 | €6,431 | €4,401 | -€2,030 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,224 | €29,429 | +€45,653 | |
| Profit (loss) for the period | 9904 | -€16,224 | €29,429 | +€45,653 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,224 | €29,429 | +€45,653 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.