A.B. COMEX: 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.
A.B. COMEX
Largest movements
- Receivables within one year -€126,646
down €126,646 (-48.5%), from €261,095 to €134,449
of which Trade receivables: -€121,232
- Deferred charges and accrued income -€54,086
down €54,086 (-92.9%), from €58,189 to €4,103
- Cash +€45,411
up €45,411 (+28.2%), from €161,019 to €206,430
mainly Receivables within one year (+€126,646) and Deferred charges and accrued income (+€54,086)
- Tangible fixed assets -€27,584
down €27,584 (-16.6%), from €166,361 to €138,777
of which Furniture and vehicles: -€22,466
- Stocks and contracts -€19,804
down €19,804 (-45.0%), from €43,986 to €24,182
- Other debts -€82,898
down €82,898 (-48.9%), from €169,629 to €86,731
- Trade debts -€65,991
down €65,991 (-49.8%), from €132,634 to €66,643
- Current portion of long-term debt -€13,706
down €13,706 (-67.6%), from €20,286 to €6,579
- Reserves -€13,181
down €13,181 (-4.7%), from €278,761 to €265,579
of which Distributable reserves: -€13,181
- Gross operating margin +€28,971
up €28,971 (+47.2%), from €61,438 to €90,409
- Depreciation +€15,823
up €15,823 (+51.9%), from €30,473 to €46,297
- Financial charges -€11,239
down €11,239 (-77.1%), from €14,582 to €3,343
- Other operating charges -€6,716
down €6,716 (-65.7%), from €10,217 to €3,501
- Financial income -€5,181
down €5,181 (-76.3%), from €6,794 to €1,613
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 | €690,649 | €507,941 | -€182,708 | -26.5% |
| Fixed assets | 21/28 | €166,361 | €138,777 | -€27,584 | -16.6% |
| Tangible fixed assets | 22/27 | €166,361 | €138,777 | -€27,584 | -16.6% |
| Land and buildings | 22 | €9,366 | €7,003 | -€2,363 | -25.2% |
| Plant, machinery and equipment | 23 | €6,707 | €3,953 | -€2,755 | -41.1% |
| Furniture and vehicles | 24 | €150,288 | €127,821 | -€22,466 | -14.9% |
| Current assets | 29/58 | €524,289 | €369,164 | -€155,124 | -29.6% |
| Stocks and contracts in progress | 3 | €43,986 | €24,182 | -€19,804 | -45.0% |
| Stocks | 30/36 | €43,986 | €24,182 | -€19,804 | -45.0% |
| Amounts receivable within one year | 40/41 | €261,095 | €134,449 | -€126,646 | -48.5% |
| Trade receivables | 40 | €221,020 | €99,788 | -€121,232 | -54.9% |
| Other amounts receivable | 41 | €40,075 | €34,660 | -€5,414 | -13.5% |
| Cash at bank and in hand | 54/58 | €161,019 | €206,430 | +€45,411 | +28.2% |
| Deferred charges and accrued income | 490/1 | €58,189 | €4,103 | -€54,086 | -92.9% |
| Total equity and liabilities | 10/49 | €690,649 | €507,941 | -€182,708 | -26.5% |
| Equity | 10/15 | €340,261 | €327,079 | -€13,181 | -3.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €278,761 | €265,579 | -€13,181 | -4.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €272,611 | €259,429 | -€13,181 | -4.8% |
| Amounts payable | 17/49 | €350,389 | €180,862 | -€169,527 | -48.4% |
| Amounts payable after more than one year | 17 | €15,178 | €8,598 | -€6,580 | -43.4% |
| Financial debts | 170/4 | €15,178 | €8,598 | -€6,580 | -43.4% |
| Amounts payable within one year | 42/48 | €335,211 | €172,264 | -€162,947 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €20,286 | €6,579 | -€13,706 | -67.6% |
| Trade debts | 44 | €132,634 | €66,643 | -€65,991 | -49.8% |
| Suppliers | 440/4 | €132,634 | €66,643 | -€65,991 | -49.8% |
| Taxes, remuneration and social security | 45 | €12,663 | €12,311 | -€352 | -2.8% |
| Taxes | 450/3 | €7,858 | €4,196 | -€3,662 | -46.6% |
| Remuneration and social security | 454/9 | €4,805 | €8,115 | +€3,311 | +68.9% |
| Other amounts payable | 47/48 | €169,629 | €86,731 | -€82,898 | -48.9% |
| Remuneration, social security and pensions | 62 | €51,511 | €51,678 | +€167 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,473 | €46,297 | +€15,823 | +51.9% |
| Other operating charges | 640/8 | €10,217 | €3,501 | -€6,716 | -65.7% |
| Non-recurring operating charges | 66A | €2,954 | - | -€2,954 | |
| Gross operating margin | 9900 | €61,438 | €90,409 | +€28,971 | +47.2% |
| Operating profit (loss) | 9901 | -€33,718 | -€11,067 | +€22,652 | +67.2% |
| Financial income | 75/76B | €6,794 | €1,613 | -€5,181 | -76.3% |
| Recurring financial income | 75 | €6,794 | €1,613 | -€5,181 | -76.3% |
| Financial charges | 65/66B | €14,582 | €3,343 | -€11,239 | -77.1% |
| Recurring financial charges | 65 | €14,582 | €3,343 | -€11,239 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | -€41,507 | -€12,797 | +€28,709 | +69.2% |
| Income taxes | 67/77 | €1,026 | €384 | -€641 | -62.5% |
| Profit (loss) for the period | 9904 | -€42,532 | -€13,181 | +€29,351 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,532 | -€13,181 | +€29,351 | +69.0% |
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 17 October 2026 via checked.be.