Comeco: 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
Comeco
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€826,626
2024 · €566,596-€1.4m
Equity
€14.4m
2024 · €15.3m-€861,448
Cash
€137,252
2024 · €6,033+€131,219
Balance sheet total
€20.8m
2024 · €23.8m-€3.0m
Largest movements
Assets
- Receivables within one year -€2.2m
down €2.2m (-13.3%), from €16.9m to €14.6m
of which Trade receivables: -€2.8m
- Tangible fixed assets -€915,738
down €915,738 (-13.5%), from €6.8m to €5.9m
of which Land and buildings: -€564,705
Equity and liabilities
- Trade debts -€2.2m
down €2.2m (-30.3%), from €7.3m to €5.1m
- Reserves -€553,867
down €553,867 (-3.8%), from €14.6m to €14.0m
of which Distributable reserves: -€553,867
- Profit (loss) carried forward -€272,760
new in 2025: -€272,760
Income statement
- Turnover -€34.5m
down €34.5m (-16.5%), from €209.5m to €175.0m
- Goods and materials -€32.6m
down €32.6m (-17.0%), from €191.7m to €159.1m
of which Purchases: -€32.6m
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
€566,596
Turnover
-€34.5m
Other operating income
+€578
Goods and materials
+€32.6m
Services and other goods
+€215,320
Staff costs
-€84,422
Depreciation
-€11,570
Write-downs
+€10,744
Provisions
-€2,992
Other operating charges
+€15,398
Other operating items
+€332,226
Financial income
-€211,139
Financial charges
+€65,249
Taxes
+€231,398
Deferred taxes and other
-€1,633
Result 2025
-€826,626
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
+€655,162
Investment
-€489,121
Financing
-€34,821
Cash 2024
€6,033
From operations (derived)
+€655,162
Net result for the year
-€826,626
Depreciation
+€1.4m
Stocks and contracts
-€9,282
Receivables within one year
+€2.2m
Smaller working-capital items
-€1,609
Trade debts
-€2.2m
Tax, wage and social debts
+€68,674
Other debts
-€12,739
Accrued charges and deferred income
-€9,539
Investment (derived)
-€489,121
Investment in fixed assets (net)
-€489,121
Financing
-€34,821
Contributions, distributions and other
-€34,821
Cash 2025
€137,252
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,839,477 | €20,821,356 | -€3.0m | -12.7% |
| Fixed assets | 21/28 | €6,811,118 | €5,894,779 | -€916,339 | -13.5% |
| Intangible fixed assets | 21 | €2,814 | €2,212 | -€602 | -21.4% |
| Tangible fixed assets | 22/27 | €6,806,804 | €5,891,066 | -€915,738 | -13.5% |
| Land and buildings | 22 | €3,807,642 | €3,242,937 | -€564,705 | -14.8% |
| Plant, machinery and equipment | 23 | €2,925,155 | €2,600,957 | -€324,198 | -11.1% |
| Furniture and vehicles | 24 | €74,008 | €47,172 | -€26,836 | -36.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €17,028,359 | €14,926,578 | -€2.1m | -12.3% |
| Stocks and contracts in progress | 3 | €156,811 | €166,093 | +€9,282 | +5.9% |
| Stocks | 30/36 | €156,811 | €166,093 | +€9,282 | +5.9% |
| Raw materials and consumables | 30/31 | €101,913 | €77,688 | -€24,225 | -23.8% |
| Work in progress | 32 | €22,831 | €16,452 | -€6,379 | -27.9% |
| Finished goods | 33 | €32,067 | €71,953 | +€39,886 | +124.4% |
| Amounts receivable within one year | 40/41 | €16,865,434 | €14,617,994 | -€2.2m | -13.3% |
| Trade receivables | 40 | €13,811,451 | €10,966,910 | -€2.8m | -20.6% |
| Other amounts receivable | 41 | €3,053,983 | €3,651,084 | +€597,101 | +19.6% |
| Cash at bank and in hand | 54/58 | €6,033 | €137,252 | +€131,219 | +2175.0% |
| Deferred charges and accrued income | 490/1 | €81 | €5,238 | +€5,157 | +6376.2% |
| Total equity and liabilities | 10/49 | €23,839,477 | €20,821,356 | -€3.0m | -12.7% |
| Equity | 10/15 | €15,252,345 | €14,390,898 | -€861,448 | -5.6% |
| Contributions | 10/11 | €546,000 | €546,000 | = | 0.0% |
| Capital | 10 | €546,000 | €546,000 | = | 0.0% |
| Issued capital | 100 | €546,000 | €546,000 | = | 0.0% |
| Reserves | 13 | €14,579,978 | €14,026,111 | -€553,867 | -3.8% |
| Non-distributable reserves | 130/1 | €54,600 | €54,600 | = | 0.0% |
| Legal reserve | 130 | €54,600 | €54,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,971,511 | €13,971,511 | = | 0.0% |
| Distributable reserves | 133 | €553,867 | - | -€553,867 | |
| Profit (loss) carried forward | 14 | - | -€272,760 | -€272,760 | |
| Investment grants | 15 | €126,368 | €91,547 | -€34,821 | -27.6% |
| Provisions and deferred taxes | 16 | €20,337 | €23,885 | +€3,548 | +17.4% |
| Provisions for liabilities and charges | 160/5 | €19,443 | €23,040 | +€3,598 | +18.5% |
| Other liabilities and charges | 164/5 | €19,443 | €23,040 | +€3,598 | +18.5% |
| Deferred taxes | 168 | €894 | €845 | -€50 | -5.5% |
| Amounts payable | 17/49 | €8,566,795 | €6,406,573 | -€2.2m | -25.2% |
| Amounts payable within one year | 42/48 | €8,557,256 | €6,406,573 | -€2.2m | -25.1% |
| Trade debts | 44 | €7,276,092 | €5,069,474 | -€2.2m | -30.3% |
| Suppliers | 440/4 | €7,276,092 | €5,069,474 | -€2.2m | -30.3% |
| Taxes, remuneration and social security | 45 | €1,215,441 | €1,284,116 | +€68,674 | +5.7% |
| Taxes | 450/3 | €132,421 | €147,566 | +€15,145 | +11.4% |
| Remuneration and social security | 454/9 | €1,083,020 | €1,136,550 | +€53,530 | +4.9% |
| Other amounts payable | 47/48 | €65,722 | €52,983 | -€12,739 | -19.4% |
| Accrued charges and deferred income | 492/3 | €9,540 | €0 | -€9,539 | -100.0% |
| Operating income | 70/76A | €209,406,117 | €175,199,021 | -€34.2m | -16.3% |
| Turnover | 70 | €209,499,041 | €174,959,142 | -€34.5m | -16.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€333,687 | €33,507 | +€367,194 | |
| Other operating income | 74 | €180,224 | €180,803 | +€578 | +0.3% |
| Non-recurring operating income | 76A | €60,539 | €25,570 | -€34,969 | -57.8% |
| Operating charges | 60/66A | €208,465,801 | €175,735,803 | -€32.7m | -15.7% |
| Goods for resale, raw materials and consumables | 60 | €191,731,618 | €159,144,098 | -€32.6m | -17.0% |
| Purchases | 600/8 | €191,704,565 | €159,119,873 | -€32.6m | -17.0% |
| Change in stocks: decrease (increase) | 609 | €27,053 | €24,225 | -€2,828 | -10.5% |
| Services and other goods | 61 | €9,542,389 | €9,327,069 | -€215,320 | -2.3% |
| Remuneration, social security and pensions | 62 | €5,646,419 | €5,730,841 | +€84,422 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,393,891 | €1,405,461 | +€11,570 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,331 | -€8,413 | -€10,744 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €606 | €3,598 | +€2,992 | +493.9% |
| Other operating charges | 640/8 | €148,548 | €133,150 | -€15,398 | -10.4% |
| Operating profit (loss) | 9901 | €940,316 | -€536,781 | -€1.5m | |
| Financial income | 75/76B | €291,593 | €80,454 | -€211,139 | -72.4% |
| Recurring financial income | 75 | €291,593 | €74,751 | -€216,842 | -74.4% |
| Income from current assets | 751 | €258,404 | €8,614 | -€249,791 | -96.7% |
| Other financial income | 752/9 | €33,188 | €66,137 | +€32,949 | +99.3% |
| Non-recurring financial income | 76B | - | €5,703 | +€5,703 | |
| Financial charges | 65/66B | €443,699 | €378,450 | -€65,249 | -14.7% |
| Recurring financial charges | 65 | €443,665 | €378,450 | -€65,214 | -14.7% |
| Debt charges | 650 | €10,599 | €11,982 | +€1,384 | +13.1% |
| Other financial charges | 652/9 | €433,066 | €366,468 | -€66,598 | -15.4% |
| Non-recurring financial charges | 66B | €35 | - | -€35 | |
| Profit (loss) for the period before taxes | 9903 | €788,209 | -€834,777 | -€1.6m | |
| Transfer from deferred taxes | 780 | €1,683 | €50 | -€1,633 | -97.1% |
| Income taxes | 67/77 | €223,296 | -€8,101 | -€231,398 | |
| Taxes | 670/3 | €223,296 | €1,126 | -€222,171 | -99.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €9,227 | +€9,227 | |
| Profit (loss) for the period | 9904 | €566,596 | -€826,626 | -€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €566,596 | -€826,626 | -€1.4m |
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.