Comalin: 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.
Comalin
Largest movements
- Receivables within one year +€73,136
up €73,136 (+136%), from €53,582 to €126,718
of which Trade receivables: +€82,632
- Tangible fixed assets -€56,105
down €56,105 (-3.8%), from €1.5m to €1.4m
of which Land and buildings: -€53,970
- Financial fixed assets -€16,500
down €16,500 (-17.7%), from €93,250 to €76,750
- Reserves +€58,624
up €58,624 (+9.2%), from €638,635 to €697,259
of which Distributable reserves: +€65,000
- Debts after one year -€34,000
down €34,000 (-6.0%), from €564,300 to €530,300
of which Financial debts: -€54,000
- Financial income +€36,560
up €36,560 (+69.7%), from €52,449 to €89,009
- Gross operating margin +€18,636
up €18,636 (+35.0%), from €53,318 to €71,953
- Taxes +€7,072
up €7,072 (+393%), from €1,800 to €8,872
- Depreciation -€968
down €968 (-1.7%), from €57,072 to €56,105
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 | €1,640,434 | €1,647,649 | +€7,216 | +0.4% |
| Fixed assets | 21/28 | €1,564,312 | €1,491,707 | -€72,605 | -4.6% |
| Tangible fixed assets | 22/27 | €1,471,062 | €1,414,957 | -€56,105 | -3.8% |
| Land and buildings | 22 | €1,461,077 | €1,407,107 | -€53,970 | -3.7% |
| Furniture and vehicles | 24 | €9,985 | €7,851 | -€2,134 | -21.4% |
| Financial fixed assets | 28 | €93,250 | €76,750 | -€16,500 | -17.7% |
| Current assets | 29/58 | €76,122 | €155,942 | +€79,820 | +105% |
| Amounts receivable within one year | 40/41 | €53,582 | €126,718 | +€73,136 | +136% |
| Trade receivables | 40 | €2,936 | €85,568 | +€82,632 | +2,814% |
| Other amounts receivable | 41 | €50,646 | €41,150 | -€9,496 | -18.8% |
| Current investments | 50/53 | €10,007 | €14,045 | +€4,038 | +40.3% |
| Cash at bank and in hand | 54/58 | €3,921 | €5,093 | +€1,172 | +29.9% |
| Deferred charges and accrued income | 490/1 | €8,611 | €10,086 | +€1,475 | +17.1% |
| Total equity and liabilities | 10/49 | €1,640,434 | €1,647,649 | +€7,216 | +0.4% |
| Equity | 10/15 | €909,013 | €968,651 | +€59,638 | +6.6% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Revaluation surpluses | 12 | €45,037 | €45,037 | = | 0.0% |
| Reserves | 13 | €638,635 | €697,259 | +€58,624 | +9.2% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €95,635 | €89,259 | -€6,376 | -6.7% |
| Distributable reserves | 133 | €538,000 | €603,000 | +€65,000 | +12.1% |
| Profit (loss) carried forward | 14 | €342 | €1,355 | +€1,014 | +297% |
| Provisions and deferred taxes | 16 | €31,845 | €29,720 | -€2,125 | -6.7% |
| Deferred taxes | 168 | €31,845 | €29,720 | -€2,125 | -6.7% |
| Amounts payable | 17/49 | €699,575 | €649,278 | -€50,297 | -7.2% |
| Amounts payable after more than one year | 17 | €564,300 | €530,300 | -€34,000 | -6.0% |
| Financial debts | 170/4 | €334,300 | €280,300 | -€54,000 | -16.2% |
| Other amounts payable | 178/9 | €230,000 | €250,000 | +€20,000 | +8.7% |
| Amounts payable within one year | 42/48 | €114,212 | €98,082 | -€16,130 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €55,000 | €55,000 | = | 0.0% |
| Trade debts | 44 | €9,104 | €140 | -€8,964 | -98.5% |
| Suppliers | 440/4 | €9,104 | €140 | -€8,964 | -98.5% |
| Taxes, remuneration and social security | 45 | €8,233 | €17,182 | +€8,950 | +109% |
| Taxes | 450/3 | €8,233 | €17,182 | +€8,950 | +109% |
| Other amounts payable | 47/48 | €41,875 | €25,760 | -€16,116 | -38.5% |
| Accrued charges and deferred income | 492/3 | €21,063 | €20,896 | -€167 | -0.8% |
| Non-recurring operating income | 76A | €1,461 | €272 | -€1,189 | -81.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,072 | €56,105 | -€968 | -1.7% |
| Other operating charges | 640/8 | €14,037 | €14,288 | +€251 | +1.8% |
| Gross operating margin | 9900 | €53,318 | €71,953 | +€18,636 | +35.0% |
| Operating profit (loss) | 9901 | -€17,792 | €1,561 | +€19,353 | |
| Financial income | 75/76B | €52,449 | €89,009 | +€36,560 | +69.7% |
| Recurring financial income | 75 | €52,449 | €89,009 | +€36,560 | +69.7% |
| Financial charges | 65/66B | €24,328 | €24,185 | -€144 | -0.6% |
| Recurring financial charges | 65 | €24,328 | €24,185 | -€144 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €10,328 | €66,384 | +€56,056 | +543% |
| Transfer from deferred taxes | 780 | €2,297 | €2,125 | -€172 | -7.5% |
| Income taxes | 67/77 | €1,800 | €8,872 | +€7,072 | +393% |
| Profit (loss) for the period | 9904 | €10,825 | €59,638 | +€48,812 | +451% |
| Transfer from tax-exempt reserves | 789 | €6,892 | €6,376 | -€516 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,717 | €66,014 | +€48,296 | +273% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.