COBRASOFT: what changed
COBRASOFT
Largest movements
- Receivables within one year -€116,992
down €116,992 (-88.9%), from €131,662 to €14,670
of which Other amounts receivable: -€118,361
- Current investments -€50,493
down €50,493 (-71.6%), from €70,493 to €20,000
- Tangible fixed assets -€18,561
down €18,561 (-13.6%), from €136,008 to €117,447
- Cash -€10,236
down €10,236 (-8.1%), from €125,779 to €115,543
mainly Tax, wage and social debts (-€119,628) and Contributions, distributions and other (-€84,159)
- Tax, wage and social debts -€119,628
down €119,628 (-97.0%), from €123,342 to €3,714
- Reserves -€51,027
down €51,027 (-18.8%), from €272,052 to €221,025
- Debts after one year -€28,185
down €28,185 (-58.1%), from €48,476 to €20,291
- Financial charges -€1,893
down €1,893 (-57.1%), from €3,314 to €1,421
- Depreciation +€1,047
up €1,047 (+6.0%), from €17,513 to €18,561
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €465,244 | €269,534 | -€195,710 | -42.1% |
| Fixed assets | 21/28 | €136,008 | €117,447 | -€18,561 | -13.6% |
| Tangible fixed assets | 22/27 | €136,008 | €117,447 | -€18,561 | -13.6% |
| Land and buildings | 22 | €93,163 | €87,061 | -€6,101 | -6.5% |
| Furniture and vehicles | 24 | €10,517 | €6,219 | -€4,299 | -40.9% |
| Other tangible fixed assets | 26 | €32,328 | €24,167 | -€8,161 | -25.2% |
| Current assets | 29/58 | €329,236 | €152,087 | -€177,149 | -53.8% |
| Amounts receivable within one year | 40/41 | €131,662 | €14,670 | -€116,992 | -88.9% |
| Trade receivables | 40 | €3,500 | €4,870 | +€1,370 | +39.1% |
| Other amounts receivable | 41 | €128,162 | €9,801 | -€118,361 | -92.4% |
| Current investments | 50/53 | €70,493 | €20,000 | -€50,493 | -71.6% |
| Cash at bank and in hand | 54/58 | €125,779 | €115,543 | -€10,236 | -8.1% |
| Deferred charges and accrued income | 490/1 | €1,303 | €1,874 | +€571 | +43.8% |
| Total equity and liabilities | 10/49 | €465,244 | €269,534 | -€195,710 | -42.1% |
| Equity | 10/15 | €290,652 | €239,625 | -€51,027 | -17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €272,052 | €221,025 | -€51,027 | -18.8% |
| Distributable reserves | 133 | €272,052 | €221,025 | -€51,027 | -18.8% |
| Amounts payable | 17/49 | €174,593 | €29,910 | -€144,683 | -82.9% |
| Amounts payable after more than one year | 17 | €48,476 | €20,291 | -€28,185 | -58.1% |
| Other amounts payable | 178/9 | €48,476 | €20,291 | -€28,185 | -58.1% |
| Amounts payable within one year | 42/48 | €126,117 | €9,608 | -€116,509 | -92.4% |
| Trade debts | 44 | €2,775 | €5,894 | +€3,119 | +112% |
| Suppliers | 440/4 | €2,775 | €5,894 | +€3,119 | +112% |
| Taxes, remuneration and social security | 45 | €123,342 | €3,714 | -€119,628 | -97.0% |
| Taxes | 450/3 | €123,342 | €3,714 | -€119,628 | -97.0% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,513 | €18,561 | +€1,047 | +6.0% |
| Other operating charges | 640/8 | €2,111 | €2,336 | +€225 | +10.6% |
| Gross operating margin | 9900 | €67,894 | €68,302 | +€408 | +0.6% |
| Operating profit (loss) | 9901 | €48,270 | €47,406 | -€864 | -1.8% |
| Financial income | 75/76B | €704 | €451 | -€253 | -35.9% |
| Recurring financial income | 75 | €704 | €451 | -€253 | -35.9% |
| Financial charges | 65/66B | €3,314 | €1,421 | -€1,893 | -57.1% |
| Recurring financial charges | 65 | €3,314 | €1,421 | -€1,893 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €45,659 | €46,436 | +€777 | +1.7% |
| Income taxes | 67/77 | €12,760 | €13,304 | +€544 | +4.3% |
| Profit (loss) for the period | 9904 | €32,899 | €33,132 | +€233 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,899 | €33,132 | +€233 | +0.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.