COMAPE: what changed
What changed
COMAPE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€29,956
2024 · €32,323-€2,367
Equity
€645,099
2024 · €1.9m-€1.2m
Cash
€1,593
2024 · €14,714-€13,121
Balance sheet total
€1.9m
2024 · €3.2m-€1.3m
Largest movements
Assets
- Tangible fixed assets -€1.3m
down €1.3m (-40.9%), from €3.2m to €1.9m
of which Land and buildings: -€1.3m
Equity and liabilities
- Reserves -€1.2m
down €1.2m (-66.0%), from €1.7m to €594,208
of which Tax-exempt reserves: -€584,526
- Contributions -€74,630
down €74,630 (-59.5%), from €125,521 to €50,891
- Debts after one year -€68,509
down €68,509 (-7.4%), from €929,323 to €860,814
Income statement
- Gross operating margin -€13,713
down €13,713 (-10.7%), from €128,511 to €114,798
- Depreciation -€8,552
down €8,552 (-14.6%), from €58,628 to €50,076
- Other operating charges -€4,103
down €4,103 (-30.1%), from €13,617 to €9,513
- Taxes +€2,558
up €2,558 (+43.1%), from €5,937 to €8,496
- Financial charges -€1,661
down €1,661 (-6.1%), from €27,023 to €25,361
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€32,323
Gross operating margin
-€13,713
Staff costs
-€226
Depreciation
+€8,552
Other operating charges
+€4,103
Financial income
+€3
Financial charges
+€1,661
Taxes
-€2,558
Deferred taxes and other
-€190
Result 2025
€29,956
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€56,394
Investment
+€1.3m
Financing
-€1.3m
Cash 2024
€14,714
From operations (derived)
+€56,394
Net result for the year
+€29,956
Depreciation
+€50,076
Smaller working-capital items
-€2,400
Provisions
-€8,827
Other debts
-€7,160
Accrued charges and deferred income
-€5,251
Investment (derived)
+€1.3m
Investment in fixed assets (net)
+€1.3m
Financing
-€1.3m
Debts after one year
-€68,509
Current portion of long-term debt
+€1,760
Contributions, distributions and other
-€1.3m
Cash 2025
€1,593
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,212,510 | €1,894,066 | -€1.3m | -41.0% |
| Fixed assets | 21/28 | €3,195,998 | €1,889,558 | -€1.3m | -40.9% |
| Tangible fixed assets | 22/27 | €3,195,998 | €1,889,558 | -€1.3m | -40.9% |
| Land and buildings | 22 | €3,193,734 | €1,887,051 | -€1.3m | -40.9% |
| Furniture and vehicles | 24 | €2,264 | €2,507 | +€243 | +10.7% |
| Current assets | 29/58 | €16,511 | €4,508 | -€12,003 | -72.7% |
| Cash at bank and in hand | 54/58 | €14,714 | €1,593 | -€13,121 | -89.2% |
| Deferred charges and accrued income | 490/1 | €1,797 | €2,916 | +€1,118 | +62.2% |
| Total equity and liabilities | 10/49 | €3,212,510 | €1,894,066 | -€1.3m | -41.0% |
| Equity | 10/15 | €1,874,274 | €645,099 | -€1.2m | -65.6% |
| Contributions | 10/11 | €125,521 | €50,891 | -€74,630 | -59.5% |
| Reserves | 13 | €1,748,753 | €594,208 | -€1.2m | -66.0% |
| Tax-exempt reserves | 132 | €730,417 | €145,891 | -€584,526 | -80.0% |
| Distributable reserves | 133 | €1,018,336 | €448,317 | -€570,019 | -56.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €243,472 | €234,645 | -€8,827 | -3.6% |
| Deferred taxes | 168 | €243,472 | €234,645 | -€8,827 | -3.6% |
| Amounts payable | 17/49 | €1,094,763 | €1,014,322 | -€80,441 | -7.3% |
| Amounts payable after more than one year | 17 | €929,323 | €860,814 | -€68,509 | -7.4% |
| Financial debts | 170/4 | €929,323 | €860,814 | -€68,509 | -7.4% |
| Amounts payable within one year | 42/48 | €157,667 | €150,986 | -€6,681 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €66,749 | €68,509 | +€1,760 | +2.6% |
| Trade debts | 44 | - | €1,160 | +€1,160 | |
| Suppliers | 440/4 | - | €1,160 | +€1,160 | |
| Taxes, remuneration and social security | 45 | €10,937 | €8,496 | -€2,442 | -22.3% |
| Taxes | 450/3 | €10,937 | €8,496 | -€2,442 | -22.3% |
| Other amounts payable | 47/48 | €79,981 | €72,821 | -€7,160 | -9.0% |
| Accrued charges and deferred income | 492/3 | €7,773 | €2,522 | -€5,251 | -67.6% |
| Remuneration, social security and pensions | 62 | - | €226 | +€226 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,628 | €50,076 | -€8,552 | -14.6% |
| Other operating charges | 640/8 | €13,617 | €9,513 | -€4,103 | -30.1% |
| Gross operating margin | 9900 | €128,511 | €114,798 | -€13,713 | -10.7% |
| Operating profit (loss) | 9901 | €56,266 | €54,983 | -€1,284 | -2.3% |
| Financial income | 75/76B | €0 | €3 | +€3 | +1,718% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +1,718% |
| Financial charges | 65/66B | €27,023 | €25,361 | -€1,661 | -6.1% |
| Recurring financial charges | 65 | €27,023 | €25,361 | -€1,661 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €29,243 | €29,624 | +€381 | +1.3% |
| Transfer from deferred taxes | 780 | €9,017 | €8,827 | -€190 | -2.1% |
| Income taxes | 67/77 | €5,937 | €8,496 | +€2,558 | +43.1% |
| Profit (loss) for the period | 9904 | €32,323 | €29,956 | -€2,367 | -7.3% |
| Transfer from tax-exempt reserves | 789 | €27,052 | €5,488 | -€21,563 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,375 | €35,444 | -€23,931 | -40.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.