COMATE: 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.
What changed
COMATE
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€561,791
2023 · €538,326-€1.1m
Equity
€2.9m
2023 · €3.7m-€811,791
Cash
€536,338
2023 · €30,352+€505,986
Balance sheet total
€9.3m
2023 · €10.9m-€1.5m
Largest movements
Assets
- Receivables within one year -€1.5m
down €1.5m (-41.6%), from €3.5m to €2.0m
of which Trade receivables: -€1.5m
- Intangible fixed assets -€564,796
down €564,796 (-8.6%), from €6.6m to €6.0m
- Cash +€505,986
up €505,986 (+1667.0%), from €30,352 to €536,338
mainly Debts after one year (+€1.9m) and Receivables within one year (+€1.5m)
Equity and liabilities
- Short-term financial debts -€2.5m
down €2.5m (-85.0%), from €2.9m to €440,000
- Debts after one year +€1.9m
up €1.9m (+3616.2%), from €52,912 to €2.0m
- Profit (loss) carried forward -€811,791
down €811,791 (-24.8%), from €3.3m to €2.5m
- Accrued charges and deferred income +€364,822
up €364,822, from €0 to €364,822
- Trade debts -€321,104
down €321,104 (-50.4%), from €636,775 to €315,671
Income statement
- Turnover -€899,018
down €899,018 (-7.5%), from €12.0m to €11.1m
- Taxes -€375,631
down €375,631 (-76.2%), from €493,057 to €117,427
of which Taxes: -€375,687
- Staff costs +€168,752
up €168,752 (+2.7%), from €6.3m to €6.5m
From the 2023 result to the 2024 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 2023
€538,326
Turnover
-€899,018
Other operating income
+€12,783
Goods and materials
-€91,792
Services and other goods
-€39,331
Staff costs
-€168,752
Depreciation
-€14,765
Other operating charges
-€15,478
Other operating items
-€237,017
Financial income
+€17,028
Financial charges
-€39,407
Taxes
+€375,631
Result 2024
-€561,791
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.7m
Investment
-€297,136
Financing
-€864,498
Cash 2023
€30,352
From operations (derived)
+€1.7m
Net result for the year
-€561,791
Depreciation
+€957,551
Receivables after one year
+€50
Receivables within one year
+€1.5m
Deferred charges and accrued income
-€84,649
Trade debts
-€321,104
Tax, wage and social debts
-€85,527
Other debts
-€53,000
Accrued charges and deferred income
+€364,822
Investment (derived)
-€297,136
Investment in fixed assets (net)
-€297,136
Financing
-€864,498
Debts after one year
+€1.9m
Current portion of long-term debt
-€28,630
Short-term financial debts
-€2.5m
Contributions, distributions and other
-€250,000
Cash 2024
€536,338
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,866,473 | €9,345,374 | -€1.5m | -14.0% |
| Fixed assets | 21/28 | €7,221,249 | €6,560,834 | -€660,415 | -9.1% |
| Intangible fixed assets | 21 | €6,583,560 | €6,018,765 | -€564,796 | -8.6% |
| Tangible fixed assets | 22/27 | €487,144 | €391,525 | -€95,619 | -19.6% |
| Plant, machinery and equipment | 23 | €108,475 | €96,149 | -€12,326 | -11.4% |
| Furniture and vehicles | 24 | €283,960 | €175,846 | -€108,114 | -38.1% |
| Other tangible fixed assets | 26 | €94,709 | €119,530 | +€24,821 | +26.2% |
| Financial fixed assets | 28 | €150,545 | €150,545 | = | 0.0% |
| Affiliated companies | 280/1 | €150,000 | €150,000 | = | 0.0% |
| Participating interests | 280 | €150,000 | €150,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €545 | €545 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €545 | €545 | = | 0.0% |
| Current assets | 29/58 | €3,645,223 | €2,784,540 | -€860,684 | -23.6% |
| Amounts receivable after more than one year | 29 | €900 | €850 | -€50 | -5.6% |
| Other amounts receivable | 291 | €900 | €850 | -€50 | -5.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,490,883 | €2,039,615 | -€1.5m | -41.6% |
| Trade receivables | 40 | €3,347,077 | €1,864,541 | -€1.5m | -44.3% |
| Other amounts receivable | 41 | €143,806 | €175,073 | +€31,268 | +21.7% |
| Cash at bank and in hand | 54/58 | €30,352 | €536,338 | +€505,986 | +1667.0% |
| Deferred charges and accrued income | 490/1 | €123,088 | €207,737 | +€84,649 | +68.8% |
| Total equity and liabilities | 10/49 | €10,866,473 | €9,345,374 | -€1.5m | -14.0% |
| Equity | 10/15 | €3,734,141 | €2,922,350 | -€811,791 | -21.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €436,807 | €436,807 | = | 0.0% |
| Distributable reserves | 133 | €436,807 | €436,807 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,276,875 | €2,465,083 | -€811,791 | -24.8% |
| Amounts payable | 17/49 | €7,132,331 | €6,423,024 | -€709,308 | -9.9% |
| Amounts payable after more than one year | 17 | €52,912 | €1,966,317 | +€1.9m | +3616.2% |
| Financial debts | 170/4 | €52,912 | €1,966,317 | +€1.9m | +3616.2% |
| Credit institutions | 173 | €52,912 | €6,317 | -€46,595 | -88.1% |
| Other loans | 174 | - | €1,960,000 | +€2.0m | |
| Amounts payable within one year | 42/48 | €7,079,419 | €4,091,885 | -€3.0m | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €75,226 | €46,595 | -€28,630 | -38.1% |
| Financial debts | 43 | €2,939,273 | €440,000 | -€2.5m | -85.0% |
| Credit institutions | 430/8 | €2,939,273 | €440,000 | -€2.5m | -85.0% |
| Trade debts | 44 | €636,775 | €315,671 | -€321,104 | -50.4% |
| Suppliers | 440/4 | €636,775 | €315,671 | -€321,104 | -50.4% |
| Taxes, remuneration and social security | 45 | €892,101 | €806,574 | -€85,527 | -9.6% |
| Taxes | 450/3 | €169,477 | €107,213 | -€62,264 | -36.7% |
| Remuneration and social security | 454/9 | €722,624 | €699,361 | -€23,263 | -3.2% |
| Other amounts payable | 47/48 | €2,536,045 | €2,483,045 | -€53,000 | -2.1% |
| Accrued charges and deferred income | 492/3 | €0 | €364,822 | +€364,822 | |
| Operating income | 70/76A | €13,337,000 | €12,504,451 | -€832,550 | -6.2% |
| Turnover | 70 | €12,025,884 | €11,126,866 | -€899,018 | -7.5% |
| Own construction capitalised | 72 | €181,686 | €235,371 | +€53,685 | +29.5% |
| Other operating income | 74 | €1,129,430 | €1,142,214 | +€12,783 | +1.1% |
| Operating charges | 60/66A | €12,128,214 | €12,749,033 | +€620,819 | +5.1% |
| Goods for resale, raw materials and consumables | 60 | €2,262,112 | €2,353,904 | +€91,792 | +4.1% |
| Purchases | 600/8 | €2,262,112 | €2,353,904 | +€91,792 | +4.1% |
| Services and other goods | 61 | €2,607,321 | €2,646,651 | +€39,331 | +1.5% |
| Remuneration, social security and pensions | 62 | €6,289,433 | €6,458,185 | +€168,752 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €942,787 | €957,551 | +€14,765 | +1.6% |
| Other operating charges | 640/8 | €26,562 | €42,040 | +€15,478 | +58.3% |
| Non-recurring operating charges | 66A | - | €290,702 | +€290,702 | |
| Operating profit (loss) | 9901 | €1,208,787 | -€244,582 | -€1.5m | |
| Financial income | 75/76B | €5,821 | €22,849 | +€17,028 | +292.5% |
| Recurring financial income | 75 | €5,821 | €22,849 | +€17,028 | +292.5% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €21 | €0 | -€21 | -100.0% |
| Other financial income | 752/9 | €5,801 | €22,849 | +€17,049 | +293.9% |
| Financial charges | 65/66B | €183,225 | €222,632 | +€39,407 | +21.5% |
| Recurring financial charges | 65 | €183,225 | €222,632 | +€39,407 | +21.5% |
| Debt charges | 650 | €172,154 | €219,836 | +€47,681 | +27.7% |
| Other financial charges | 652/9 | €11,070 | €2,796 | -€8,274 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €1,031,383 | -€444,365 | -€1.5m | |
| Income taxes | 67/77 | €493,057 | €117,427 | -€375,631 | -76.2% |
| Taxes | 670/3 | €493,114 | €117,427 | -€375,687 | -76.2% |
| Tax adjustments and reversals of tax provisions | 77 | €56 | €0 | -€56 | -100.0% |
| Profit (loss) for the period | 9904 | €538,326 | -€561,791 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €538,326 | -€561,791 | -€1.1m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.