COMEFI: 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.
COMEFI
Largest movements
- Financial fixed assets +€545,626
up €545,626 (+139%), from €391,489 to €937,115
- Receivables within one year -€527,647
down €527,647 (-99.8%), from €528,647 to €1,000
of which Other amounts receivable: -€528,647
- Tangible fixed assets -€36,667
down €36,667 (-6.1%), from €605,927 to €569,259
- Cash +€27,164
up €27,164 (+516%), from €5,269 to €32,434
mainly Receivables within one year (+€527,647) and Depreciation (+€36,667)
- Profit (loss) carried forward +€21,683
up €21,683 (+15.9%), from €136,784 to €158,467
- Gross operating margin +€35,858
up €35,858 (+212%), from €16,911 to €52,769
- Financial charges -€9,641
down €9,641 (-22.2%), from €43,332 to €33,691
- Financial income -€8,603
down €8,603 (-24.2%), from €35,582 to €26,979
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.
Derived cash bridge
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 | €1,533,243 | €1,544,724 | +€11,481 | +0.7% |
| Fixed assets | 21/28 | €997,416 | €1,506,374 | +€508,959 | +51.0% |
| Tangible fixed assets | 22/27 | €605,927 | €569,259 | -€36,667 | -6.1% |
| Land and buildings | 22 | €605,927 | €569,259 | -€36,667 | -6.1% |
| Financial fixed assets | 28 | €391,489 | €937,115 | +€545,626 | +139% |
| Current assets | 29/58 | €535,828 | €38,349 | -€497,478 | -92.8% |
| Amounts receivable within one year | 40/41 | €528,647 | €1,000 | -€527,647 | -99.8% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €528,647 | - | -€528,647 | |
| Cash at bank and in hand | 54/58 | €5,269 | €32,434 | +€27,164 | +516% |
| Deferred charges and accrued income | 490/1 | €1,911 | €4,916 | +€3,005 | +157% |
| Total equity and liabilities | 10/49 | €1,533,243 | €1,544,724 | +€11,481 | +0.7% |
| Equity | 10/15 | €472,718 | €480,285 | +€7,567 | +1.6% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €261,566 | €247,450 | -€14,116 | -5.4% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €254,130 | €240,014 | -€14,116 | -5.6% |
| Profit (loss) carried forward | 14 | €136,784 | €158,467 | +€21,683 | +15.9% |
| Provisions and deferred taxes | 16 | €84,710 | €80,005 | -€4,705 | -5.6% |
| Deferred taxes | 168 | €84,710 | €80,005 | -€4,705 | -5.6% |
| Amounts payable | 17/49 | €975,815 | €984,434 | +€8,619 | +0.9% |
| Amounts payable after more than one year | 17 | €2,650 | €2,650 | = | 0.0% |
| Other amounts payable | 178/9 | €2,650 | €2,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €950,866 | €956,482 | +€5,616 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €950,000 | €950,000 | = | 0.0% |
| Trade debts | 44 | €866 | €219 | -€647 | -74.7% |
| Suppliers | 440/4 | €866 | €219 | -€647 | -74.7% |
| Taxes, remuneration and social security | 45 | - | €6,145 | +€6,145 | |
| Taxes | 450/3 | - | €6,145 | +€6,145 | |
| Other amounts payable | 47/48 | - | €118 | +€118 | |
| Accrued charges and deferred income | 492/3 | €22,299 | €25,302 | +€3,002 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,667 | €36,667 | = | 0.0% |
| Other operating charges | 640/8 | €6,215 | €6,527 | +€313 | +5.0% |
| Gross operating margin | 9900 | €16,911 | €52,769 | +€35,858 | +212% |
| Operating profit (loss) | 9901 | -€25,971 | €9,574 | +€35,545 | |
| Financial income | 75/76B | €35,582 | €26,979 | -€8,603 | -24.2% |
| Recurring financial income | 75 | €35,582 | €26,979 | -€8,603 | -24.2% |
| Financial charges | 65/66B | €43,332 | €33,691 | -€9,641 | -22.2% |
| Recurring financial charges | 65 | €43,332 | €33,691 | -€9,641 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€33,721 | €2,862 | +€36,583 | |
| Transfer from deferred taxes | 780 | €4,705 | €4,705 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€29,016 | €7,567 | +€36,583 | |
| Transfer from tax-exempt reserves | 789 | €14,116 | €14,116 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,900 | €21,683 | +€36,583 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.