COMEN: 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.
COMEN
Largest movements
- Receivables within one year -€11,006
down €11,006 (-22.0%), from €49,973 to €38,967
of which Other amounts receivable: -€12,534
- Tangible fixed assets -€4,305
down €4,305 (-8.7%), from €49,592 to €45,288
- Cash +€2,735
new in 2025: €2,735
mainly Trade debts (+€21,468) and Receivables within one year (+€11,006)
- Other debts -€23,514
down €23,514 (-94.1%), from €24,976 to €1,462
- Trade debts +€21,468
up €21,468 (+232.4%), from €9,237 to €30,705
- Current portion of long-term debt -€7,492
down €7,492 (-51.0%), from €14,698 to €7,207
- Debts after one year -€7,207
down €7,207 (-27.3%), from €26,356 to €19,149
- Reserves +€2,860
up €2,860 (+16.8%), from €17,009 to €19,869
- Gross operating margin +€5,094
up €5,094 (+53.4%), from €9,544 to €14,638
- Financial income -€2,845
down €2,845 (-100.0%), from €2,846 to €0
- Financial charges +€1,505
up €1,505 (+159.5%), from €944 to €2,449
- Other operating charges -€1,173
down €1,173 (-73.0%), from €1,607 to €434
- Taxes -€236
down €236 (-12.7%), from €1,854 to €1,618
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 | €100,100 | €86,989 | -€13,111 | -13.1% |
| Fixed assets | 21/28 | €49,592 | €45,288 | -€4,305 | -8.7% |
| Tangible fixed assets | 22/27 | €49,592 | €45,288 | -€4,305 | -8.7% |
| Other tangible fixed assets | 26 | €49,592 | €45,288 | -€4,305 | -8.7% |
| Current assets | 29/58 | €50,508 | €41,702 | -€8,806 | -17.4% |
| Amounts receivable within one year | 40/41 | €49,973 | €38,967 | -€11,006 | -22.0% |
| Trade receivables | 40 | €5,497 | €7,025 | +€1,528 | +27.8% |
| Other amounts receivable | 41 | €44,476 | €31,942 | -€12,534 | -28.2% |
| Cash at bank and in hand | 54/58 | - | €2,735 | +€2,735 | |
| Deferred charges and accrued income | 490/1 | €535 | - | -€535 | |
| Total equity and liabilities | 10/49 | €100,100 | €86,989 | -€13,111 | -13.1% |
| Equity | 10/15 | €20,009 | €22,869 | +€2,860 | +14.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,009 | €19,869 | +€2,860 | +16.8% |
| Distributable reserves | 133 | €17,009 | €19,869 | +€2,860 | +16.8% |
| Amounts payable | 17/49 | €80,092 | €64,120 | -€15,971 | -19.9% |
| Amounts payable after more than one year | 17 | €26,356 | €19,149 | -€7,207 | -27.3% |
| Financial debts | 170/4 | €26,356 | €19,149 | -€7,207 | -27.3% |
| Amounts payable within one year | 42/48 | €53,736 | €44,971 | -€8,765 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €14,698 | €7,207 | -€7,492 | -51.0% |
| Financial debts | 43 | €158 | - | -€158 | |
| Credit institutions | 430/8 | €158 | - | -€158 | |
| Trade debts | 44 | €9,237 | €30,705 | +€21,468 | +232.4% |
| Suppliers | 440/4 | €9,237 | €30,705 | +€21,468 | +232.4% |
| Taxes, remuneration and social security | 45 | €4,667 | €5,598 | +€931 | +19.9% |
| Taxes | 450/3 | €4,667 | €5,598 | +€931 | +19.9% |
| Other amounts payable | 47/48 | €24,976 | €1,462 | -€23,514 | -94.1% |
| Remuneration, social security and pensions | 62 | - | €25 | +€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,081 | €7,253 | +€172 | +2.4% |
| Other operating charges | 640/8 | €1,607 | €434 | -€1,173 | -73.0% |
| Gross operating margin | 9900 | €9,544 | €14,638 | +€5,094 | +53.4% |
| Operating profit (loss) | 9901 | €856 | €6,926 | +€6,070 | +709.4% |
| Financial income | 75/76B | €2,846 | €0 | -€2,845 | -100.0% |
| Recurring financial income | 75 | €2,846 | €0 | -€2,845 | -100.0% |
| Financial charges | 65/66B | €944 | €2,449 | +€1,505 | +159.5% |
| Recurring financial charges | 65 | €944 | €2,449 | +€1,505 | +159.5% |
| Profit (loss) for the period before taxes | 9903 | €2,758 | €4,478 | +€1,720 | +62.4% |
| Income taxes | 67/77 | €1,854 | €1,618 | -€236 | -12.7% |
| Profit (loss) for the period | 9904 | €904 | €2,860 | +€1,956 | +216.4% |
| Profit (loss) for the period to be appropriated | 9905 | €904 | €2,860 | +€1,956 | +216.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.