COMASE SERVICES: 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.
COMASE SERVICES
Largest movements
- Receivables within one year +€642,142
up €642,142 (+777%), from €82,617 to €724,759
of which Other amounts receivable: +€425,776
- Cash -€251,386
down €251,386 (-76.6%), from €328,105 to €76,719
mainly Receivables within one year (-€642,142) and Tax, wage and social debts (-€31,216)
- Tangible fixed assets -€84,895
down €84,895 (-7.7%), from €1.1m to €1.0m
of which Land and buildings: -€68,539
- Trade debts +€297,232
up €297,232 (+1,051%), from €28,287 to €325,518
- Profit (loss) carried forward +€73,401
up €73,401 (+8.8%), from €830,193 to €903,594
- Tax, wage and social debts -€31,216
down €31,216 (-22.2%), from €140,876 to €109,659
of which Taxes: -€20,210
- Debts after one year -€26,071
down €26,071 (-17.3%), from €151,132 to €125,061
- Turnover -€147,367
down €147,367 (-13.9%), from €1.1m to €915,636
- Gross operating margin -€128,966
down €128,966 (-14.4%), from €895,029 to €766,064
- Purchases and services -€70,398
down €70,398 (-25.8%), from €272,831 to €202,432
- Depreciation -€29,661
down €29,661 (-22.6%), from €131,189 to €101,528
- Taxes -€17,637
down €17,637 (-37.1%), from €47,513 to €29,876
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 | €1,536,549 | €1,830,527 | +€293,978 | +19.1% |
| Fixed assets | 21/28 | €1,117,326 | €1,027,452 | -€89,874 | -8.0% |
| Intangible fixed assets | 21 | €11,673 | €6,695 | -€4,978 | -42.6% |
| Tangible fixed assets | 22/27 | €1,105,652 | €1,020,757 | -€84,895 | -7.7% |
| Land and buildings | 22 | €1,046,533 | €977,994 | -€68,539 | -6.5% |
| Plant, machinery and equipment | 23 | €6,881 | €4,795 | -€2,086 | -30.3% |
| Furniture and vehicles | 24 | €52,238 | €37,968 | -€14,270 | -27.3% |
| Current assets | 29/58 | €419,223 | €803,075 | +€383,852 | +91.6% |
| Amounts receivable within one year | 40/41 | €82,617 | €724,759 | +€642,142 | +777% |
| Trade receivables | 40 | €82,111 | €298,477 | +€216,366 | +264% |
| Other amounts receivable | 41 | €505 | €426,281 | +€425,776 | +84,262% |
| Cash at bank and in hand | 54/58 | €328,105 | €76,719 | -€251,386 | -76.6% |
| Deferred charges and accrued income | 490/1 | €8,502 | €1,597 | -€6,904 | -81.2% |
| Total equity and liabilities | 10/49 | €1,536,549 | €1,830,527 | +€293,978 | +19.1% |
| Equity | 10/15 | €1,171,658 | €1,241,239 | +€69,580 | +5.9% |
| Contributions | 10/11 | €243,000 | €243,000 | = | 0.0% |
| Capital | 10 | €243,000 | €243,000 | = | 0.0% |
| Issued capital | 100 | €243,000 | €243,000 | = | 0.0% |
| Reserves | 13 | €23,621 | €24,300 | +€679 | +2.9% |
| Non-distributable reserves | 130/1 | €23,621 | €24,300 | +€679 | +2.9% |
| Legal reserve | 130 | €23,621 | €24,300 | +€679 | +2.9% |
| Profit (loss) carried forward | 14 | €830,193 | €903,594 | +€73,401 | +8.8% |
| Investment grants | 15 | €74,844 | €70,345 | -€4,500 | -6.0% |
| Amounts payable | 17/49 | €364,891 | €589,288 | +€224,398 | +61.5% |
| Amounts payable after more than one year | 17 | €151,132 | €125,061 | -€26,071 | -17.3% |
| Financial debts | 170/4 | €151,132 | €125,061 | -€26,071 | -17.3% |
| Amounts payable within one year | 42/48 | €209,124 | €461,249 | +€252,125 | +121% |
| Current portion of amounts payable after more than one year | 42 | €39,962 | €26,071 | -€13,891 | -34.8% |
| Trade debts | 44 | €28,287 | €325,518 | +€297,232 | +1,051% |
| Suppliers | 440/4 | €28,287 | €325,518 | +€297,232 | +1,051% |
| Taxes, remuneration and social security | 45 | €140,876 | €109,659 | -€31,216 | -22.2% |
| Taxes | 450/3 | €72,382 | €52,171 | -€20,210 | -27.9% |
| Remuneration and social security | 454/9 | €68,494 | €57,488 | -€11,006 | -16.1% |
| Accrued charges and deferred income | 492/3 | €4,634 | €2,979 | -€1,656 | -35.7% |
| Turnover | 70 | €1,063,003 | €915,636 | -€147,367 | -13.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €272,831 | €202,432 | -€70,398 | -25.8% |
| Remuneration, social security and pensions | 62 | €517,794 | €517,292 | -€502 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,189 | €101,528 | -€29,661 | -22.6% |
| Other operating charges | 640/8 | €56,728 | €46,848 | -€9,880 | -17.4% |
| Gross operating margin | 9900 | €895,029 | €766,064 | -€128,966 | -14.4% |
| Operating profit (loss) | 9901 | €189,318 | €100,395 | -€88,924 | -47.0% |
| Financial income | 75/76B | €5,359 | €10,669 | +€5,310 | +99.1% |
| Recurring financial income | 75 | €4,500 | €10,669 | +€6,169 | +137% |
| Non-recurring financial income | 76B | €860 | - | -€860 | |
| Financial charges | 65/66B | €12,324 | €7,108 | -€5,216 | -42.3% |
| Recurring financial charges | 65 | €12,324 | €7,108 | -€5,216 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €182,354 | €103,956 | -€78,398 | -43.0% |
| Income taxes | 67/77 | €47,513 | €29,876 | -€17,637 | -37.1% |
| Profit (loss) for the period | 9904 | €134,841 | €74,080 | -€60,761 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €134,841 | €74,080 | -€60,761 | -45.1% |
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 13 October 2026 via checked.be.