ARENA COMET GROUP: 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.
ARENA COMET GROUP
Largest movements
- Receivables within one year -€131,145
down €131,145 (-25.3%), from €517,750 to €386,605
of which Other amounts receivable: -€127,083
- Financial fixed assets +€65,848
up €65,848 (+3.3%), from €2.0m to €2.1m
- Debts after one year -€73,492
down €73,492 (-30.4%), from €242,068 to €168,576
- Reserves +€40,010
up €40,010 (+2.7%), from €1.5m to €1.5m
of which Distributable reserves: +€40,000
- Current portion of long-term debt -€33,406
down €33,406 (-31.3%), from €106,898 to €73,492
- Financial income +€399,205
up €399,205 (+3,631%), from €10,995 to €410,199
- Depreciation +€20,000
new in 2025: €20,000
- Gross operating margin +€6,708
up €6,708 (+7.7%), from €87,069 to €93,777
- Financial charges -€3,226
down €3,226 (-9.8%), from €33,053 to €29,827
- Taxes -€2,792
down €2,792 (-17.4%), from €16,023 to €13,231
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 | €2,908,936 | €2,842,263 | -€66,674 | -2.3% |
| Fixed assets | 21/28 | €2,244,557 | €2,290,405 | +€45,848 | +2.0% |
| Tangible fixed assets | 22/27 | €240,000 | €220,000 | -€20,000 | -8.3% |
| Plant, machinery and equipment | 23 | €240,000 | €220,000 | -€20,000 | -8.3% |
| Financial fixed assets | 28 | €2,004,557 | €2,070,405 | +€65,848 | +3.3% |
| Current assets | 29/58 | €664,379 | €551,857 | -€112,522 | -16.9% |
| Amounts receivable within one year | 40/41 | €517,750 | €386,605 | -€131,145 | -25.3% |
| Trade receivables | 40 | €13,623 | €9,561 | -€4,063 | -29.8% |
| Other amounts receivable | 41 | €504,126 | €377,044 | -€127,083 | -25.2% |
| Current investments | 50/53 | - | €10 | +€10 | |
| Cash at bank and in hand | 54/58 | €23,713 | €30,162 | +€6,448 | +27.2% |
| Deferred charges and accrued income | 490/1 | €122,916 | €135,081 | +€12,165 | +9.9% |
| Total equity and liabilities | 10/49 | €2,908,936 | €2,842,263 | -€66,674 | -2.3% |
| Equity | 10/15 | €2,544,080 | €2,583,774 | +€39,694 | +1.6% |
| Contributions | 10/11 | €1,040,000 | €1,040,000 | = | 0.0% |
| Capital | 10 | €1,040,000 | €1,040,000 | = | 0.0% |
| Issued capital | 100 | €1,040,000 | €1,040,000 | = | 0.0% |
| Reserves | 13 | €1,484,000 | €1,524,010 | +€40,010 | +2.7% |
| Non-distributable reserves | 130/1 | €104,000 | €104,010 | +€10 | 0.0% |
| Legal reserve | 130 | €104,000 | €104,000 | = | 0.0% |
| Own shares acquired | 1312 | - | €10 | +€10 | |
| Distributable reserves | 133 | €1,380,000 | €1,420,000 | +€40,000 | +2.9% |
| Profit (loss) carried forward | 14 | €20,080 | €19,764 | -€316 | -1.6% |
| Amounts payable | 17/49 | €364,856 | €258,489 | -€106,368 | -29.2% |
| Amounts payable after more than one year | 17 | €242,068 | €168,576 | -€73,492 | -30.4% |
| Financial debts | 170/4 | €242,068 | €168,576 | -€73,492 | -30.4% |
| Amounts payable within one year | 42/48 | €122,039 | €86,263 | -€35,776 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €106,898 | €73,492 | -€33,406 | -31.3% |
| Trade debts | 44 | €8,348 | €12,771 | +€4,423 | +53.0% |
| Suppliers | 440/4 | €8,348 | €12,771 | +€4,423 | +53.0% |
| Taxes, remuneration and social security | 45 | €437 | - | -€437 | |
| Taxes | 450/3 | €437 | - | -€437 | |
| Other amounts payable | 47/48 | €6,356 | - | -€6,356 | |
| Accrued charges and deferred income | 492/3 | €749 | €3,650 | +€2,901 | +387% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €20,000 | +€20,000 | |
| Other operating charges | 640/8 | €1,183 | €1,225 | +€42 | +3.6% |
| Gross operating margin | 9900 | €87,069 | €93,777 | +€6,708 | +7.7% |
| Operating profit (loss) | 9901 | €85,886 | €72,552 | -€13,334 | -15.5% |
| Financial income | 75/76B | €10,995 | €410,199 | +€399,205 | +3,631% |
| Recurring financial income | 75 | €10,995 | €410,199 | +€399,205 | +3,631% |
| Financial charges | 65/66B | €33,053 | €29,827 | -€3,226 | -9.8% |
| Recurring financial charges | 65 | €33,053 | €29,827 | -€3,226 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €63,828 | €452,925 | +€389,097 | +610% |
| Income taxes | 67/77 | €16,023 | €13,231 | -€2,792 | -17.4% |
| Profit (loss) for the period | 9904 | €47,805 | €439,694 | +€391,889 | +820% |
| Profit (loss) for the period to be appropriated | 9905 | €47,805 | €439,694 | +€391,889 | +820% |
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 28 October 2026 via checked.be.