COMARO: 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.
What changed
COMARO
NACE 68.110, Buying and selling of own real estate
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9,841
2024 · -€20,811+€10,970
Equity
€2.0m
2024 · €2.0m-€9,841
Cash
€377,668
2024 · €345,275+€32,393
Balance sheet total
€3.7m
2024 · €3.7m-€74,345
Largest movements
Assets
- Tangible fixed assets -€159,710
down €159,710 (-4.7%), from €3.4m to €3.2m
of which Land and buildings: -€178,084
- Stocks and contracts +€55,377
new in 2025: €55,377
Equity and liabilities
- Debts after one year -€69,802
down €69,802 (-5.1%), from €1.4m to €1.3m
of which Financial debts: -€39,802
Income statement
- Depreciation -€21,150
down €21,150 (-10.5%), from €201,133 to €179,982
- Other operating charges +€10,872
up €10,872 (+30.8%), from €35,249 to €46,121
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.
Result 2024
-€20,811
Gross operating margin
+€691
Depreciation
+€21,150
Other operating charges
-€10,872
Financial income
+€5
Financial charges
-€4
Result 2025
-€9,841
Cash bridge derived
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.
From operations
+€122,468
Investment
-€20,273
Financing
-€69,802
Cash 2024
€345,275
From operations (derived)
+€122,468
Net result for the year
-€9,841
Depreciation
+€179,982
Stocks and contracts
-€55,377
Receivables within one year
+€14,426
Deferred charges and accrued income
-€12,021
Provisions
-€4,537
Trade debts
+€6,399
Other debts
+€740
Accrued charges and deferred income
+€2,696
Investment (derived)
-€20,273
Investment in fixed assets (net)
-€20,273
Financing
-€69,802
Debts after one year
-€69,802
Cash 2025
€377,668
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,738,295 | €3,663,950 | -€74,345 | -2.0% |
| Fixed assets | 21/28 | €3,373,833 | €3,214,123 | -€159,710 | -4.7% |
| Tangible fixed assets | 22/27 | €3,373,833 | €3,214,123 | -€159,710 | -4.7% |
| Land and buildings | 22 | €3,370,322 | €3,192,238 | -€178,084 | -5.3% |
| Plant, machinery and equipment | 23 | €1,254 | €1,113 | -€140 | -11.2% |
| Furniture and vehicles | 24 | €2,257 | €20,772 | +€18,515 | +820.3% |
| Current assets | 29/58 | €364,462 | €449,827 | +€85,365 | +23.4% |
| Stocks and contracts in progress | 3 | - | €55,377 | +€55,377 | |
| Stocks | 30/36 | - | €55,377 | +€55,377 | |
| Amounts receivable within one year | 40/41 | €17,787 | €3,361 | -€14,426 | -81.1% |
| Other amounts receivable | 41 | €17,787 | €3,361 | -€14,426 | -81.1% |
| Cash at bank and in hand | 54/58 | €345,275 | €377,668 | +€32,393 | +9.4% |
| Deferred charges and accrued income | 490/1 | €1,400 | €13,421 | +€12,021 | +858.7% |
| Total equity and liabilities | 10/49 | €3,738,295 | €3,663,950 | -€74,345 | -2.0% |
| Equity | 10/15 | €1,968,902 | €1,959,061 | -€9,841 | -0.5% |
| Contributions | 10/11 | €760,686 | €760,686 | = | 0.0% |
| Capital | 10 | €760,686 | €760,686 | = | 0.0% |
| Issued capital | 100 | €768,470 | €768,470 | = | 0.0% |
| Uncalled capital | 101 | €7,784 | €7,784 | = | 0.0% |
| Reserves | 13 | €727,411 | €716,298 | -€11,114 | -1.5% |
| Non-distributable reserves | 130/1 | €76,847 | €76,847 | = | 0.0% |
| Legal reserve | 130 | €76,847 | €76,847 | = | 0.0% |
| Tax-exempt reserves | 132 | €607,029 | €595,915 | -€11,114 | -1.8% |
| Distributable reserves | 133 | €43,536 | €43,536 | = | 0.0% |
| Profit (loss) carried forward | 14 | €480,804 | €482,077 | +€1,273 | +0.3% |
| Provisions and deferred taxes | 16 | €222,319 | €217,782 | -€4,537 | -2.0% |
| Deferred taxes | 168 | €222,319 | €217,782 | -€4,537 | -2.0% |
| Amounts payable | 17/49 | €1,547,074 | €1,487,107 | -€59,967 | -3.9% |
| Amounts payable after more than one year | 17 | €1,366,326 | €1,296,524 | -€69,802 | -5.1% |
| Financial debts | 170/4 | €1,082,326 | €1,042,524 | -€39,802 | -3.7% |
| Other amounts payable | 178/9 | €284,000 | €254,000 | -€30,000 | -10.6% |
| Amounts payable within one year | 42/48 | €177,215 | €184,354 | +€7,139 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €39,802 | €39,802 | = | 0.0% |
| Trade debts | 44 | €459 | €6,858 | +€6,399 | +1394.0% |
| Suppliers | 440/4 | €459 | €6,858 | +€6,399 | +1394.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €136,954 | €137,694 | +€740 | +0.5% |
| Accrued charges and deferred income | 492/3 | €3,532 | €6,229 | +€2,696 | +76.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,133 | €179,982 | -€21,150 | -10.5% |
| Other operating charges | 640/8 | €35,249 | €46,121 | +€10,872 | +30.8% |
| Gross operating margin | 9900 | €210,931 | €211,622 | +€691 | +0.3% |
| Operating profit (loss) | 9901 | -€25,451 | -€14,482 | +€10,969 | +43.1% |
| Financial income | 75/76B | €136 | €142 | +€5 | +3.9% |
| Recurring financial income | 75 | €136 | €142 | +€5 | +3.9% |
| Financial charges | 65/66B | €33 | €38 | +€4 | +13.6% |
| Recurring financial charges | 65 | €33 | €38 | +€4 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,348 | -€14,378 | +€10,970 | +43.3% |
| Transfer from deferred taxes | 780 | €4,537 | €4,537 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€20,811 | -€9,841 | +€10,970 | +52.7% |
| Transfer from tax-exempt reserves | 789 | €11,114 | €11,114 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,697 | €1,273 | +€10,970 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.