COMAT BE: what changed
Two fiscal 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.
COMAT BE
Largest movements
- Cash -€121,939
down €121,939 (-85.5%), from €142,629 to €20,690
mainly Debts after one year (-€141,718) and Receivables within one year (-€54,700)
- Tangible fixed assets -€119,670
down €119,670 (-4.2%), from €2.9m to €2.8m
- Receivables within one year +€54,700
up €54,700 (+163.8%), from €33,400 to €88,100
- Debts after one year -€141,718
down €141,718 (-8.7%), from €1.6m to €1.5m
- Profit (loss) carried forward -€48,138
down €48,138 (-66.1%), from -€72,788 to -€120,926
- Gross operating margin +€119,451
up €119,451 (+319.1%), from €37,433 to €156,884
- Financial charges +€65,946
up €65,946 (+2533.9%), from €2,603 to €68,548
- Depreciation +€23,264
up €23,264 (+24.0%), from €96,987 to €120,250
- Other operating charges +€5,591
up €5,591 (+52.6%), from €10,632 to €16,223
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,062,528 | €2,875,051 | -€187,477 | -6.1% |
| Formation expenses | 20 | €2,471 | €1,890 | -€581 | -23.5% |
| Fixed assets | 21/28 | €2,883,555 | €2,763,886 | -€119,670 | -4.2% |
| Tangible fixed assets | 22/27 | €2,883,555 | €2,763,886 | -€119,670 | -4.2% |
| Land and buildings | 22 | €2,883,555 | €2,763,886 | -€119,670 | -4.2% |
| Current assets | 29/58 | €176,502 | €109,275 | -€67,226 | -38.1% |
| Amounts receivable within one year | 40/41 | €33,400 | €88,100 | +€54,700 | +163.8% |
| Trade receivables | 40 | €33,400 | €88,100 | +€54,700 | +163.8% |
| Cash at bank and in hand | 54/58 | €142,629 | €20,690 | -€121,939 | -85.5% |
| Deferred charges and accrued income | 490/1 | €473 | €486 | +€13 | +2.7% |
| Total equity and liabilities | 10/49 | €3,062,528 | €2,875,051 | -€187,477 | -6.1% |
| Equity | 10/15 | €1,427,212 | €1,379,074 | -€48,138 | -3.4% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,788 | -€120,926 | -€48,138 | -66.1% |
| Amounts payable | 17/49 | €1,635,316 | €1,495,978 | -€139,339 | -8.5% |
| Amounts payable after more than one year | 17 | €1,627,404 | €1,485,686 | -€141,718 | -8.7% |
| Other amounts payable | 178/9 | €1,627,404 | €1,485,686 | -€141,718 | -8.7% |
| Amounts payable within one year | 42/48 | €7,912 | €10,292 | +€2,379 | +30.1% |
| Trade debts | 44 | €1,799 | €2,275 | +€475 | +26.4% |
| Suppliers | 440/4 | €1,799 | €2,275 | +€475 | +26.4% |
| Taxes, remuneration and social security | 45 | €6,113 | €8,017 | +€1,904 | +31.1% |
| Taxes | 450/3 | €6,113 | €8,017 | +€1,904 | +31.1% |
| Non-recurring operating income | 76A | €0 | €0 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,987 | €120,250 | +€23,264 | +24.0% |
| Other operating charges | 640/8 | €10,632 | €16,223 | +€5,591 | +52.6% |
| Gross operating margin | 9900 | €37,433 | €156,884 | +€119,451 | +319.1% |
| Operating profit (loss) | 9901 | -€70,186 | €20,410 | +€90,596 | |
| Financial charges | 65/66B | €2,603 | €68,548 | +€65,946 | +2533.9% |
| Recurring financial charges | 65 | €2,603 | €68,548 | +€65,946 | +2533.9% |
| Profit (loss) for the period before taxes | 9903 | -€72,788 | -€48,138 | +€24,651 | +33.9% |
| Profit (loss) for the period | 9904 | -€72,788 | -€48,138 | +€24,651 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,788 | -€48,138 | +€24,651 | +33.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.