COMEFI: 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.
COMEFI
Largest movements
- Current investments -€35,000
no longer reported in 2025 (was €35,000)
- Tangible fixed assets -€11,363
down €11,363 (-6.9%), from €164,107 to €152,744
of which Leasing and similar rights: -€10,672
- Cash +€8,212
up €8,212 (+52.8%), from €15,544 to €23,756
mainly Current investments (+€35,000) and Depreciation (+€25,902)
- Other debts -€19,204
down €19,204 (-25.3%), from €75,823 to €56,619
- Debts after one year -€15,204
down €15,204 (-51.1%), from €29,768 to €14,563
- Current portion of long-term debt -€4,850
down €4,850 (-24.2%), from €20,025 to €15,176
- Gross operating margin -€4,401
down €4,401 (-7.4%), from €59,486 to €55,085
- Staff costs +€893
up €893 (+3.8%), from €23,549 to €24,442
- Depreciation +€765
up €765 (+3.0%), from €25,137 to €25,902
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 | €217,991 | €178,419 | -€39,572 | -18.2% |
| Fixed assets | 21/28 | €164,282 | €152,919 | -€11,363 | -6.9% |
| Tangible fixed assets | 22/27 | €164,107 | €152,744 | -€11,363 | -6.9% |
| Land and buildings | 22 | €87,336 | €84,503 | -€2,833 | -3.2% |
| Plant, machinery and equipment | 23 | €50,766 | €54,791 | +€4,025 | +7.9% |
| Furniture and vehicles | 24 | €3,150 | €1,587 | -€1,562 | -49.6% |
| Leasing and similar rights | 25 | €21,576 | €10,904 | -€10,672 | -49.5% |
| Other tangible fixed assets | 26 | €1,280 | €960 | -€320 | -25.0% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €53,710 | €25,500 | -€28,210 | -52.5% |
| Amounts receivable within one year | 40/41 | €2,232 | €1,694 | -€538 | -24.1% |
| Trade receivables | 40 | €2,138 | - | -€2,138 | |
| Other amounts receivable | 41 | €94 | €1,694 | +€1,600 | +1698.7% |
| Current investments | 50/53 | €35,000 | - | -€35,000 | |
| Cash at bank and in hand | 54/58 | €15,544 | €23,756 | +€8,212 | +52.8% |
| Deferred charges and accrued income | 490/1 | €934 | €50 | -€884 | -94.7% |
| Total equity and liabilities | 10/49 | €217,991 | €178,419 | -€39,572 | -18.2% |
| Equity | 10/15 | €89,133 | €90,158 | +€1,025 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,533 | €71,558 | +€1,025 | +1.5% |
| Distributable reserves | 133 | €70,533 | €71,558 | +€1,025 | +1.5% |
| Amounts payable | 17/49 | €128,858 | €88,261 | -€40,597 | -31.5% |
| Amounts payable after more than one year | 17 | €29,768 | €14,563 | -€15,204 | -51.1% |
| Financial debts | 170/4 | €29,768 | €14,563 | -€15,204 | -51.1% |
| Amounts payable within one year | 42/48 | €99,079 | €72,855 | -€26,224 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €20,025 | €15,176 | -€4,850 | -24.2% |
| Financial debts | 43 | €291 | - | -€291 | |
| Other loans | 439 | €291 | - | -€291 | |
| Trade debts | 44 | €2,361 | €388 | -€1,973 | -83.6% |
| Suppliers | 440/4 | €2,361 | €388 | -€1,973 | -83.6% |
| Taxes, remuneration and social security | 45 | €578 | €672 | +€94 | +16.2% |
| Taxes | 450/3 | €578 | €672 | +€94 | +16.2% |
| Other amounts payable | 47/48 | €75,823 | €56,619 | -€19,204 | -25.3% |
| Accrued charges and deferred income | 492/3 | €12 | €843 | +€831 | +6925.0% |
| Remuneration, social security and pensions | 62 | €23,549 | €24,442 | +€893 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,137 | €25,902 | +€765 | +3.0% |
| Other operating charges | 640/8 | €1,347 | €1,597 | +€250 | +18.6% |
| Non-recurring operating charges | 66A | €7,712 | €759 | -€6,953 | -90.2% |
| Gross operating margin | 9900 | €59,486 | €55,085 | -€4,401 | -7.4% |
| Operating profit (loss) | 9901 | €1,741 | €2,384 | +€644 | +37.0% |
| Financial income | 75/76B | €314 | €333 | +€19 | +6.2% |
| Recurring financial income | 75 | €314 | €333 | +€19 | +6.2% |
| Financial charges | 65/66B | €2,049 | €1,590 | -€459 | -22.4% |
| Recurring financial charges | 65 | €2,049 | €1,590 | -€459 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €5 | €1,127 | +€1,122 | +21129.8% |
| Income taxes | 67/77 | - | €102 | +€102 | |
| Profit (loss) for the period | 9904 | €5 | €1,025 | +€1,020 | +19199.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5 | €1,025 | +€1,020 | +19199.8% |
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 5 October 2026 via checked.be.