COMAR: 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.
COMAR
Largest movements
- Cash -€3,794
down €3,794 (-15.0%), from €25,357 to €21,563
mainly Investment in fixed assets (net) (-€12,100) and Net result for the year (-€7,379)
- Tangible fixed assets -€1,644
down €1,644 (-1.8%), from €91,758 to €90,114
- Profit (loss) carried forward -€7,379
down €7,379 (-11.4%), from -€64,916 to -€72,295
- Accrued charges and deferred income +€2,130
new in 2025: €2,130
- Depreciation -€8,330
down €8,330 (-37.7%), from €22,074 to €13,744
- Other operating charges -€4,766
down €4,766 (-65.3%), from €7,295 to €2,530
- Gross operating margin -€3,148
down €3,148 (-26.1%), from €12,060 to €8,913
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 | €120,289 | €115,040 | -€5,249 | -4.4% |
| Fixed assets | 21/28 | €91,758 | €90,114 | -€1,644 | -1.8% |
| Tangible fixed assets | 22/27 | €91,758 | €90,114 | -€1,644 | -1.8% |
| Land and buildings | 22 | €91,758 | €90,114 | -€1,644 | -1.8% |
| Current assets | 29/58 | €28,532 | €24,927 | -€3,605 | -12.6% |
| Cash at bank and in hand | 54/58 | €25,357 | €21,563 | -€3,794 | -15.0% |
| Deferred charges and accrued income | 490/1 | €3,174 | €3,364 | +€189 | +6.0% |
| Total equity and liabilities | 10/49 | €120,289 | €115,040 | -€5,249 | -4.4% |
| Equity | 10/15 | €111,919 | €104,540 | -€7,379 | -6.6% |
| Contributions | 10/11 | €153,074 | €153,074 | = | 0.0% |
| Capital | 10 | €153,074 | €153,074 | = | 0.0% |
| Issued capital | 100 | €153,074 | €153,074 | = | 0.0% |
| Reserves | 13 | €23,760 | €23,760 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,760 | €23,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,916 | -€72,295 | -€7,379 | -11.4% |
| Amounts payable | 17/49 | €8,370 | €10,500 | +€2,130 | +25.4% |
| Amounts payable within one year | 42/48 | €8,370 | €8,370 | = | 0.0% |
| Other amounts payable | 47/48 | €8,370 | €8,370 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,130 | +€2,130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,074 | €13,744 | -€8,330 | -37.7% |
| Other operating charges | 640/8 | €7,295 | €2,530 | -€4,766 | -65.3% |
| Gross operating margin | 9900 | €12,060 | €8,913 | -€3,148 | -26.1% |
| Operating profit (loss) | 9901 | -€17,309 | -€7,361 | +€9,948 | +57.5% |
| Financial charges | 65/66B | €69 | €18 | -€51 | -74.1% |
| Recurring financial charges | 65 | €69 | €18 | -€51 | -74.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,378 | -€7,379 | +€10,000 | +57.5% |
| Profit (loss) for the period | 9904 | -€17,378 | -€7,379 | +€10,000 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,378 | -€7,379 | +€10,000 | +57.5% |
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 16 October 2026 via checked.be.