COMATRACO: 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.
COMATRACO
Largest movements
- Cash +€1.2m
up €1.2m (+289.3%), from €414,004 to €1.6m
mainly Net result for the year (+€2.6m) and Investment in fixed assets (net) (+€49,986)
- Current investments +€996,867
up €996,867 (+23.4%), from €4.3m to €5.3m
- Receivables within one year +€427,199
up €427,199 (+211.3%), from €202,150 to €629,349
of which Trade receivables: +€351,901
- Tangible fixed assets -€95,287
down €95,287 (-73.0%), from €130,567 to €35,280
of which Land and buildings: -€69,913
- Reserves +€2.6m
up €2.6m (+57.5%), from €4.5m to €7.1m
of which Distributable reserves: +€2.6m
- Other debts -€96,138
down €96,138 (-32.3%), from €297,522 to €201,384
- Gross operating margin +€1.8m
up €1.8m (+128.4%), from €1.4m to €3.2m
- Taxes +€684,552
up €684,552 (+186.1%), from €367,923 to €1.1m
- Financial income +€428,023
up €428,023 (+379.8%), from €112,697 to €540,720
- Depreciation -€159,983
down €159,983 (-77.9%), from €205,285 to €45,302
- Staff costs -€58,073
down €58,073 (-61.0%), from €95,140 to €37,067
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 | €5,153,418 | €7,680,205 | +€2.5m | +49.0% |
| Fixed assets | 21/28 | €281,162 | €185,875 | -€95,287 | -33.9% |
| Tangible fixed assets | 22/27 | €130,567 | €35,280 | -€95,287 | -73.0% |
| Land and buildings | 22 | €73,256 | €3,343 | -€69,913 | -95.4% |
| Plant, machinery and equipment | 23 | €19,395 | - | -€19,395 | |
| Furniture and vehicles | 24 | €37,916 | €31,936 | -€5,980 | -15.8% |
| Financial fixed assets | 28 | €150,595 | €150,595 | = | 0.0% |
| Current assets | 29/58 | €4,872,255 | €7,494,330 | +€2.6m | +53.8% |
| Amounts receivable within one year | 40/41 | €202,150 | €629,349 | +€427,199 | +211.3% |
| Trade receivables | 40 | €202,150 | €554,051 | +€351,901 | +174.1% |
| Other amounts receivable | 41 | - | €75,298 | +€75,298 | |
| Current investments | 50/53 | €4,255,941 | €5,252,808 | +€996,867 | +23.4% |
| Cash at bank and in hand | 54/58 | €414,004 | €1,611,861 | +€1.2m | +289.3% |
| Deferred charges and accrued income | 490/1 | €160 | €312 | +€152 | +94.8% |
| Total equity and liabilities | 10/49 | €5,153,418 | €7,680,205 | +€2.5m | +49.0% |
| Equity | 10/15 | €4,782,801 | €7,367,779 | +€2.6m | +54.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €275,000 | €275,000 | = | 0.0% |
| Uncalled capital | 101 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €4,496,031 | €7,081,008 | +€2.6m | +57.5% |
| Non-distributable reserves | 130/1 | €27,500 | €27,500 | = | 0.0% |
| Legal reserve | 130 | €27,500 | €27,500 | = | 0.0% |
| Distributable reserves | 133 | €4,468,531 | €7,053,508 | +€2.6m | +57.8% |
| Profit (loss) carried forward | 14 | €161,771 | €161,771 | = | 0.0% |
| Amounts payable | 17/49 | €370,616 | €312,426 | -€58,190 | -15.7% |
| Amounts payable within one year | 42/48 | €370,616 | €312,426 | -€58,190 | -15.7% |
| Trade debts | 44 | €9,499 | €18,523 | +€9,023 | +95.0% |
| Suppliers | 440/4 | €9,499 | €18,523 | +€9,023 | +95.0% |
| Taxes, remuneration and social security | 45 | €63,595 | €92,519 | +€28,925 | +45.5% |
| Taxes | 450/3 | €58,898 | €87,999 | +€29,100 | +49.4% |
| Remuneration and social security | 454/9 | €4,696 | €4,521 | -€175 | -3.7% |
| Other amounts payable | 47/48 | €297,522 | €201,384 | -€96,138 | -32.3% |
| Non-recurring operating income | 76A | €8,296 | - | -€8,296 | |
| Remuneration, social security and pensions | 62 | €95,140 | €37,067 | -€58,073 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,285 | €45,302 | -€159,983 | -77.9% |
| Other operating charges | 640/8 | €12,725 | €9,763 | -€2,962 | -23.3% |
| Gross operating margin | 9900 | €1,397,254 | €3,190,986 | +€1.8m | +128.4% |
| Operating profit (loss) | 9901 | €1,084,105 | €3,098,854 | +€2.0m | +185.8% |
| Financial income | 75/76B | €112,697 | €540,720 | +€428,023 | +379.8% |
| Recurring financial income | 75 | €112,697 | €540,720 | +€428,023 | +379.8% |
| Financial charges | 65/66B | €961 | €2,121 | +€1,160 | +120.8% |
| Recurring financial charges | 65 | €961 | €2,121 | +€1,160 | +120.8% |
| Profit (loss) for the period before taxes | 9903 | €1,195,841 | €3,637,452 | +€2.4m | +204.2% |
| Transfer from deferred taxes | 780 | €5,478 | - | -€5,478 | |
| Income taxes | 67/77 | €367,923 | €1,052,475 | +€684,552 | +186.1% |
| Profit (loss) for the period | 9904 | €833,395 | €2,584,977 | +€1.8m | +210.2% |
| Transfer from tax-exempt reserves | 789 | €21,911 | - | -€21,911 | |
| Profit (loss) for the period to be appropriated | 9905 | €855,306 | €2,584,977 | +€1.7m | +202.2% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.