C.O.M.O.: 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.
C.O.M.O.
Largest movements
- Cash +€56,426
up €56,426 (+118%), from €48,001 to €104,426
mainly Net result for the year (+€68,389) and Depreciation (+€37,906)
- Tangible fixed assets -€22,160
down €22,160 (-4.9%), from €455,583 to €433,423
of which Land and buildings: -€25,706
- Receivables within one year -€13,782
down €13,782 (-5.6%), from €244,846 to €231,064
of which Other amounts receivable: -€11,362
- Reserves +€68,389
up €68,389 (+22.2%), from €308,296 to €376,685
of which Distributable reserves: +€70,249
- Debts after one year -€40,247
down €40,247 (-19.2%), from €209,529 to €169,282
- Gross operating margin -€14,826
down €14,826 (-9.4%), from €158,433 to €143,607
- Depreciation +€6,813
up €6,813 (+21.9%), from €31,093 to €37,906
- Financial income +€4,091
up €4,091 (+41.0%), from €9,991 to €14,082
- Financial charges -€1,870
down €1,870 (-19.9%), from €9,404 to €7,534
- Taxes -€1,768
down €1,768 (-4.2%), from €42,559 to €40,792
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 | €759,280 | €785,871 | +€26,591 | +3.5% |
| Fixed assets | 21/28 | €455,583 | €433,423 | -€22,160 | -4.9% |
| Tangible fixed assets | 22/27 | €455,583 | €433,423 | -€22,160 | -4.9% |
| Land and buildings | 22 | €410,837 | €385,131 | -€25,706 | -6.3% |
| Furniture and vehicles | 24 | €6,821 | €16,370 | +€9,550 | +140% |
| Other tangible fixed assets | 26 | €37,925 | €31,922 | -€6,003 | -15.8% |
| Current assets | 29/58 | €303,697 | €352,447 | +€48,750 | +16.1% |
| Amounts receivable within one year | 40/41 | €244,846 | €231,064 | -€13,782 | -5.6% |
| Trade receivables | 40 | €4,840 | €2,420 | -€2,420 | -50.0% |
| Other amounts receivable | 41 | €240,006 | €228,644 | -€11,362 | -4.7% |
| Cash at bank and in hand | 54/58 | €48,001 | €104,426 | +€56,426 | +118% |
| Deferred charges and accrued income | 490/1 | €10,850 | €16,957 | +€6,107 | +56.3% |
| Total equity and liabilities | 10/49 | €759,280 | €785,871 | +€26,591 | +3.5% |
| Equity | 10/15 | €485,070 | €551,793 | +€66,723 | +13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €308,296 | €376,685 | +€68,389 | +22.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €306,436 | €376,685 | +€70,249 | +22.9% |
| Profit (loss) carried forward | 14 | €170,575 | €168,909 | -€1,666 | -1.0% |
| Amounts payable | 17/49 | €274,210 | €234,077 | -€40,133 | -14.6% |
| Amounts payable after more than one year | 17 | €209,529 | €169,282 | -€40,247 | -19.2% |
| Financial debts | 170/4 | €209,529 | €169,282 | -€40,247 | -19.2% |
| Amounts payable within one year | 42/48 | €64,636 | €64,795 | +€159 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €39,174 | €40,247 | +€1,073 | +2.7% |
| Trade debts | 44 | €7,329 | €3,108 | -€4,221 | -57.6% |
| Suppliers | 440/4 | €7,329 | €3,108 | -€4,221 | -57.6% |
| Taxes, remuneration and social security | 45 | €13,138 | €19,774 | +€6,636 | +50.5% |
| Taxes | 450/3 | €13,138 | €19,774 | +€6,636 | +50.5% |
| Other amounts payable | 47/48 | €4,995 | €1,666 | -€3,329 | -66.6% |
| Accrued charges and deferred income | 492/3 | €45 | - | -€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,093 | €37,906 | +€6,813 | +21.9% |
| Other operating charges | 640/8 | €3,345 | €3,069 | -€276 | -8.3% |
| Gross operating margin | 9900 | €158,433 | €143,607 | -€14,826 | -9.4% |
| Operating profit (loss) | 9901 | €123,995 | €102,632 | -€21,363 | -17.2% |
| Financial income | 75/76B | €9,991 | €14,082 | +€4,091 | +41.0% |
| Recurring financial income | 75 | €9,991 | €14,082 | +€4,091 | +41.0% |
| Financial charges | 65/66B | €9,404 | €7,534 | -€1,870 | -19.9% |
| Recurring financial charges | 65 | €9,404 | €7,534 | -€1,870 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €124,582 | €109,181 | -€15,401 | -12.4% |
| Income taxes | 67/77 | €42,559 | €40,792 | -€1,768 | -4.2% |
| Profit (loss) for the period | 9904 | €82,023 | €68,389 | -€13,634 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,023 | €68,389 | -€13,634 | -16.6% |
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.