COMALU: 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.
COMALU
Largest movements
- Receivables within one year +€19,213
up €19,213 (+43.8%), from €43,913 to €63,126
of which Trade receivables: +€18,434
- Tangible fixed assets +€14,542
up €14,542 (+10.6%), from €137,013 to €151,556
of which Plant, machinery and equipment: +€21,133
- Debts after one year +€22,037
new in 2025: €22,037
- Current portion of long-term debt +€18,936
new in 2025: €18,936
- Trade debts -€14,050
down €14,050 (-32.8%), from €42,782 to €28,731
- Tax, wage and social debts +€3,401
up €3,401 (+209%), from €1,623 to €5,024
of which Remuneration and social security: +€2,000
- Reserves +€2,897
up €2,897 (+9.5%), from €30,370 to €33,267
of which Distributable reserves: +€7,244
- Financial income -€43,604
down €43,604 (-98.7%), from €44,197 to €593
of which Financial income: -€44,189
- Gross operating margin +€3,291
up €3,291 (+11.9%), from €27,745 to €31,036
- Depreciation -€2,596
down €2,596 (-9.9%), from €26,138 to €23,542
- Taxes +€2,272
up €2,272 (+604%), from €376 to €2,648
- Financial charges -€1,468
down €1,468 (-30.5%), from €4,822 to €3,353
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 | €182,940 | €214,889 | +€31,948 | +17.5% |
| Fixed assets | 21/28 | €137,013 | €151,556 | +€14,542 | +10.6% |
| Tangible fixed assets | 22/27 | €137,013 | €151,556 | +€14,542 | +10.6% |
| Land and buildings | 22 | €62,614 | €56,023 | -€6,591 | -10.5% |
| Plant, machinery and equipment | 23 | €74,399 | €95,533 | +€21,133 | +28.4% |
| Current assets | 29/58 | €45,927 | €63,333 | +€17,406 | +37.9% |
| Stocks and contracts in progress | 3 | €2,000 | - | -€2,000 | |
| Stocks | 30/36 | €2,000 | - | -€2,000 | |
| Amounts receivable within one year | 40/41 | €43,913 | €63,126 | +€19,213 | +43.8% |
| Trade receivables | 40 | €43,913 | €62,347 | +€18,434 | +42.0% |
| Other amounts receivable | 41 | - | €779 | +€779 | |
| Cash at bank and in hand | 54/58 | €14 | €28 | +€13 | +93.7% |
| Deferred charges and accrued income | 490/1 | - | €180 | +€180 | |
| Total equity and liabilities | 10/49 | €182,940 | €214,889 | +€31,948 | +17.5% |
| Equity | 10/15 | €48,970 | €51,867 | +€2,897 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,370 | €33,267 | +€2,897 | +9.5% |
| Tax-exempt reserves | 132 | €29,233 | €24,886 | -€4,347 | -14.9% |
| Distributable reserves | 133 | €1,136 | €8,381 | +€7,244 | +638% |
| Provisions and deferred taxes | 16 | €9,744 | €8,295 | -€1,449 | -14.9% |
| Deferred taxes | 168 | €9,744 | €8,295 | -€1,449 | -14.9% |
| Amounts payable | 17/49 | €124,226 | €154,727 | +€30,500 | +24.6% |
| Amounts payable after more than one year | 17 | - | €22,037 | +€22,037 | |
| Financial debts | 170/4 | - | €22,037 | +€22,037 | |
| Amounts payable within one year | 42/48 | €124,226 | €132,689 | +€8,463 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | - | €18,936 | +€18,936 | |
| Financial debts | 43 | €11,713 | €11,590 | -€123 | -1.1% |
| Credit institutions | 430/8 | €11,713 | €11,590 | -€123 | -1.1% |
| Trade debts | 44 | €42,782 | €28,731 | -€14,050 | -32.8% |
| Suppliers | 440/4 | €42,782 | €28,731 | -€14,050 | -32.8% |
| Taxes, remuneration and social security | 45 | €1,623 | €5,024 | +€3,401 | +209% |
| Taxes | 450/3 | €1,623 | €3,024 | +€1,401 | +86.3% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €68,108 | €68,408 | +€300 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,138 | €23,542 | -€2,596 | -9.9% |
| Other operating charges | 640/8 | €594 | €637 | +€43 | +7.2% |
| Gross operating margin | 9900 | €27,745 | €31,036 | +€3,291 | +11.9% |
| Operating profit (loss) | 9901 | €1,013 | €6,856 | +€5,844 | +577% |
| Financial income | 75/76B | €44,197 | €593 | -€43,604 | -98.7% |
| Recurring financial income | 75 | €44,197 | €8 | -€44,189 | -100.0% |
| Non-recurring financial income | 76B | €44,197 | €585 | -€43,612 | -98.7% |
| Financial charges | 65/66B | €4,822 | €3,353 | -€1,468 | -30.5% |
| Recurring financial charges | 65 | €4,822 | €3,353 | -€1,468 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €40,387 | €4,096 | -€36,292 | -89.9% |
| Transfer from deferred taxes | 780 | €381 | €1,449 | +€1,069 | +281% |
| Transfer to deferred taxes | 680 | €10,125 | - | -€10,125 | |
| Income taxes | 67/77 | €376 | €2,648 | +€2,272 | +604% |
| Profit (loss) for the period | 9904 | €30,267 | €2,897 | -€27,370 | -90.4% |
| Transfer from tax-exempt reserves | 789 | €1,142 | €4,347 | +€3,206 | +281% |
| Transfer to tax-exempt reserves | 689 | €30,375 | - | -€30,375 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,034 | €7,244 | +€6,211 | +601% |
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.