COMA: 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.
COMA
Largest movements
- Tangible fixed assets +€500,381
up €500,381 (+117%), from €429,450 to €929,832
of which Land and buildings: +€500,747
- Current investments -€399,747
down €399,747 (-45.4%), from €879,882 to €480,135
- Cash +€70,387
up €70,387 (+187%), from €37,691 to €108,078
mainly Current investments (+€399,747) and Trade debts (+€242,277)
- Trade debts +€242,277
up €242,277 (+1,911%), from €12,679 to €254,956
- Provisions -€41,916
down €41,916 (-15.1%), from €277,879 to €235,963
- Profit (loss) carried forward -€20,611
down €20,611 (-37.2%), from -€55,449 to -€76,060
- Reserves +€15,700
up €15,700 (+2.2%), from €728,817 to €744,518
of which Tax-exempt reserves: +€15,700
- Gross operating margin -€292,973
down €292,973 (-99.9%), from €293,220 to €247
- Other operating charges -€5,246
down €5,246 (-75.3%), from €6,969 to €1,723
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 | €1,347,372 | €1,519,681 | +€172,309 | +12.8% |
| Fixed assets | 21/28 | €429,698 | €929,832 | +€500,133 | +116% |
| Tangible fixed assets | 22/27 | €429,450 | €929,832 | +€500,381 | +117% |
| Land and buildings | 22 | €428,538 | €929,286 | +€500,747 | +117% |
| Plant, machinery and equipment | 23 | €912 | €546 | -€366 | -40.1% |
| Financial fixed assets | 28 | €248 | €0 | -€248 | -100% |
| Current assets | 29/58 | €917,674 | €589,849 | -€327,824 | -35.7% |
| Amounts receivable within one year | 40/41 | €101 | €0 | -€101 | -100% |
| Other amounts receivable | 41 | €101 | €0 | -€101 | -100% |
| Current investments | 50/53 | €879,882 | €480,135 | -€399,747 | -45.4% |
| Cash at bank and in hand | 54/58 | €37,691 | €108,078 | +€70,387 | +187% |
| Deferred charges and accrued income | 490/1 | - | €1,636 | +€1,636 | |
| Total equity and liabilities | 10/49 | €1,347,372 | €1,519,681 | +€172,309 | +12.8% |
| Equity | 10/15 | €884,537 | €879,627 | -€4,910 | -0.6% |
| Contributions | 10/11 | €211,169 | €211,169 | = | 0.0% |
| Capital | 10 | €211,169 | €211,169 | = | 0.0% |
| Issued capital | 100 | €211,169 | €211,169 | = | 0.0% |
| Reserves | 13 | €728,817 | €744,518 | +€15,700 | +2.2% |
| Non-distributable reserves | 130/1 | €31,117 | €31,117 | = | 0.0% |
| Legal reserve | 130 | €31,117 | €31,117 | = | 0.0% |
| Tax-exempt reserves | 132 | €692,188 | €707,889 | +€15,700 | +2.3% |
| Distributable reserves | 133 | €5,512 | €5,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,449 | -€76,060 | -€20,611 | -37.2% |
| Provisions and deferred taxes | 16 | €277,879 | €235,963 | -€41,916 | -15.1% |
| Deferred taxes | 168 | €277,879 | €235,963 | -€41,916 | -15.1% |
| Amounts payable | 17/49 | €184,957 | €404,092 | +€219,135 | +118% |
| Amounts payable after more than one year | 17 | €132,000 | €121,000 | -€11,000 | -8.3% |
| Financial debts | 170/4 | €132,000 | €121,000 | -€11,000 | -8.3% |
| Amounts payable within one year | 42/48 | €52,957 | €283,092 | +€230,135 | +435% |
| Current portion of amounts payable after more than one year | 42 | €11,000 | €11,000 | = | 0.0% |
| Trade debts | 44 | €12,679 | €254,956 | +€242,277 | +1,911% |
| Suppliers | 440/4 | €12,679 | €254,956 | +€242,277 | +1,911% |
| Taxes, remuneration and social security | 45 | €895 | €1,650 | +€754 | +84.2% |
| Taxes | 450/3 | €895 | €1,650 | +€754 | +84.2% |
| Other amounts payable | 47/48 | €28,382 | €15,486 | -€12,897 | -45.4% |
| Non-recurring operating income | 76A | €295,947 | €0 | -€295,947 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,056 | €39,619 | +€563 | +1.4% |
| Other operating charges | 640/8 | €6,969 | €1,723 | -€5,246 | -75.3% |
| Gross operating margin | 9900 | €293,220 | €247 | -€292,973 | -99.9% |
| Operating profit (loss) | 9901 | €247,195 | -€41,095 | -€288,290 | |
| Financial income | 75/76B | €2,002 | €706 | -€1,296 | -64.8% |
| Recurring financial income | 75 | €2,002 | €706 | -€1,296 | -64.8% |
| Financial charges | 65/66B | €7,508 | €5,683 | -€1,825 | -24.3% |
| Recurring financial charges | 65 | €7,508 | €5,683 | -€1,825 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €241,689 | -€46,072 | -€287,761 | |
| Transfer from deferred taxes | 780 | €19,215 | €6,554 | -€12,661 | -65.9% |
| Transfer to deferred taxes | 680 | €73,987 | €0 | -€73,987 | -100% |
| Income taxes | 67/77 | €895 | €754 | -€141 | -15.8% |
| Profit (loss) for the period | 9904 | €186,021 | -€40,272 | -€226,293 | |
| Transfer from tax-exempt reserves | 789 | €57,644 | €19,662 | -€37,982 | -65.9% |
| Transfer to tax-exempt reserves | 689 | €221,961 | €0 | -€221,961 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €21,704 | -€20,611 | -€42,315 |
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 15 October 2026 via checked.be.