COMEET: 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.
COMEET
Largest movements
- Deferred charges and accrued income +€450,466
up €450,466 (+51.0%), from €883,681 to €1.3m
- Cash +€187,420
up €187,420 (+37.4%), from €500,494 to €687,914
mainly Advances received (+€466,155) and Net result for the year (+€141,573)
- Tangible fixed assets -€62,141
down €62,141 (-32.8%), from €189,269 to €127,128
of which Furniture and vehicles: -€60,808
- Current investments -€27,725
no longer reported in 2025 (was €27,725)
- Advances received +€466,155
up €466,155 (+39.5%), from €1.2m to €1.6m
- Reserves +€96,884
up €96,884 (+32.5%), from €298,093 to €394,978
of which Distributable reserves: +€96,884
- Accrued charges and deferred income +€60,304
up €60,304 (+138.4%), from €43,577 to €103,881
- Current portion of long-term debt -€40,914
down €40,914 (-70.6%), from €57,954 to €17,040
- Provisions -€27,725
no longer reported in 2025 (was €27,725)
- Provisions -€55,450
down €55,450, from €27,725 to -€27,725
- Gross operating margin +€53,206
up €53,206 (+7.6%), from €695,550 to €748,756
- Staff costs +€50,496
up €50,496 (+10.7%), from €473,576 to €524,072
- Other operating charges -€13,560
down €13,560 (-66.5%), from €20,391 to €6,831
- Taxes +€9,584
up €9,584 (+108.0%), from €8,878 to €18,463
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 | €1,872,823 | €2,430,507 | +€557,683 | +29.8% |
| Fixed assets | 21/28 | €272,333 | €207,002 | -€65,331 | -24.0% |
| Intangible fixed assets | 21 | €15,448 | €12,258 | -€3,190 | -20.6% |
| Tangible fixed assets | 22/27 | €189,269 | €127,128 | -€62,141 | -32.8% |
| Land and buildings | 22 | €9,017 | €9,651 | +€634 | +7.0% |
| Plant, machinery and equipment | 23 | €15,395 | €13,568 | -€1,826 | -11.9% |
| Furniture and vehicles | 24 | €164,433 | €103,625 | -€60,808 | -37.0% |
| Other tangible fixed assets | 26 | €425 | €283 | -€142 | -33.3% |
| Financial fixed assets | 28 | €67,616 | €67,616 | = | 0.0% |
| Current assets | 29/58 | €1,600,491 | €2,223,505 | +€623,014 | +38.9% |
| Amounts receivable within one year | 40/41 | €188,591 | €201,444 | +€12,853 | +6.8% |
| Trade receivables | 40 | €102,875 | €121,489 | +€18,614 | +18.1% |
| Other amounts receivable | 41 | €85,717 | €79,956 | -€5,761 | -6.7% |
| Current investments | 50/53 | €27,725 | - | -€27,725 | |
| Cash at bank and in hand | 54/58 | €500,494 | €687,914 | +€187,420 | +37.4% |
| Deferred charges and accrued income | 490/1 | €883,681 | €1,334,146 | +€450,466 | +51.0% |
| Total equity and liabilities | 10/49 | €1,872,823 | €2,430,507 | +€557,683 | +29.8% |
| Equity | 10/15 | €318,553 | €415,438 | +€96,884 | +30.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €298,093 | €394,978 | +€96,884 | +32.5% |
| Tax-exempt reserves | 132 | €22,056 | €22,056 | = | 0.0% |
| Distributable reserves | 133 | €276,037 | €372,922 | +€96,884 | +35.1% |
| Provisions and deferred taxes | 16 | €27,725 | - | -€27,725 | |
| Provisions for liabilities and charges | 160/5 | €27,725 | - | -€27,725 | |
| Environmental obligations | 163 | €27,725 | - | -€27,725 | |
| Amounts payable | 17/49 | €1,526,545 | €2,015,069 | +€488,524 | +32.0% |
| Amounts payable after more than one year | 17 | €17,040 | - | -€17,040 | |
| Financial debts | 170/4 | €17,040 | - | -€17,040 | |
| Amounts payable within one year | 42/48 | €1,465,928 | €1,911,188 | +€445,260 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €57,954 | €17,040 | -€40,914 | -70.6% |
| Trade debts | 44 | €115,142 | €125,865 | +€10,723 | +9.3% |
| Suppliers | 440/4 | €115,142 | €125,865 | +€10,723 | +9.3% |
| Advances received on contracts in progress | 46 | €1,181,429 | €1,647,584 | +€466,155 | +39.5% |
| Taxes, remuneration and social security | 45 | €111,319 | €120,699 | +€9,380 | +8.4% |
| Taxes | 450/3 | €26,837 | €38,010 | +€11,173 | +41.6% |
| Remuneration and social security | 454/9 | €84,482 | €82,689 | -€1,793 | -2.1% |
| Other amounts payable | 47/48 | €85 | - | -€85 | |
| Accrued charges and deferred income | 492/3 | €43,577 | €103,881 | +€60,304 | +138.4% |
| Non-recurring operating income | 76A | - | €43,507 | +€43,507 | |
| Remuneration, social security and pensions | 62 | €473,576 | €524,072 | +€50,496 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,440 | €59,116 | -€5,324 | -8.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €27,725 | -€27,725 | -€55,450 | |
| Other operating charges | 640/8 | €20,391 | €6,831 | -€13,560 | -66.5% |
| Non-recurring operating charges | 66A | - | €1,894 | +€1,894 | |
| Gross operating margin | 9900 | €695,550 | €748,756 | +€53,206 | +7.6% |
| Operating profit (loss) | 9901 | €109,418 | €184,569 | +€75,150 | +68.7% |
| Financial income | 75/76B | €7,376 | €3,815 | -€3,561 | -48.3% |
| Recurring financial income | 75 | €7,376 | €3,815 | -€3,561 | -48.3% |
| Financial charges | 65/66B | €26,703 | €28,348 | +€1,646 | +6.2% |
| Recurring financial charges | 65 | €26,703 | €28,348 | +€1,646 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €90,092 | €160,035 | +€69,944 | +77.6% |
| Income taxes | 67/77 | €8,878 | €18,463 | +€9,584 | +108.0% |
| Profit (loss) for the period | 9904 | €81,213 | €141,573 | +€60,359 | +74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,213 | €141,573 | +€60,359 | +74.3% |
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 7 October 2026 via checked.be.