COMENGO: 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.
COMENGO
Largest movements
- Tangible fixed assets +€72,735
up €72,735 (+42.5%), from €171,179 to €243,914
of which Land and buildings: +€79,920
- Receivables within one year +€17,168
up €17,168 (+45,310%), from €38 to €17,206
of which Trade receivables: +€17,052
- Cash +€14,328
up €14,328 (+4.4%), from €326,991 to €341,319
mainly Net result for the year (+€142,642) and Depreciation (+€25,446)
- Profit (loss) carried forward +€142,642
up €142,642 (+381%), from €37,437 to €180,079
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Tax, wage and social debts -€15,363
down €15,363 (-60.7%), from €25,331 to €9,967
of which Taxes: -€15,363
- Debts after one year -€11,002
down €11,002 (-18.6%), from €59,145 to €48,143
- Other debts +€6,651
up €6,651 (+3.3%), from €202,228 to €208,879
- Gross operating margin +€29,505
up €29,505 (+15.6%), from €188,988 to €218,493
- Taxes -€18,732
down €18,732 (-30.1%), from €62,314 to €43,583
- Depreciation +€10,541
up €10,541 (+70.7%), from €14,905 to €25,446
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 | €501,253 | €605,479 | +€104,226 | +20.8% |
| Fixed assets | 21/28 | €171,179 | €243,914 | +€72,735 | +42.5% |
| Tangible fixed assets | 22/27 | €171,179 | €243,914 | +€72,735 | +42.5% |
| Land and buildings | 22 | €152,603 | €232,523 | +€79,920 | +52.4% |
| Plant, machinery and equipment | 23 | €5,423 | €4,673 | -€750 | -13.8% |
| Furniture and vehicles | 24 | €13,154 | €6,719 | -€6,435 | -48.9% |
| Current assets | 29/58 | €330,074 | €361,565 | +€31,491 | +9.5% |
| Amounts receivable within one year | 40/41 | €38 | €17,206 | +€17,168 | +45,310% |
| Trade receivables | 40 | €32 | €17,084 | +€17,052 | +52,710% |
| Other amounts receivable | 41 | €6 | €122 | +€116 | +2,100% |
| Cash at bank and in hand | 54/58 | €326,991 | €341,319 | +€14,328 | +4.4% |
| Deferred charges and accrued income | 490/1 | €3,046 | €3,040 | -€5 | -0.2% |
| Total equity and liabilities | 10/49 | €501,253 | €605,479 | +€104,226 | +20.8% |
| Equity | 10/15 | €201,037 | €325,079 | +€124,042 | +61.7% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €145,000 | €145,000 | = | 0.0% |
| Distributable reserves | 133 | €145,000 | €145,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,437 | €180,079 | +€142,642 | +381% |
| Amounts payable | 17/49 | €300,217 | €280,400 | -€19,817 | -6.6% |
| Amounts payable after more than one year | 17 | €59,145 | €48,143 | -€11,002 | -18.6% |
| Financial debts | 170/4 | €59,145 | €48,143 | -€11,002 | -18.6% |
| Amounts payable within one year | 42/48 | €241,071 | €232,257 | -€8,814 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €10,617 | €11,002 | +€385 | +3.6% |
| Trade debts | 44 | €2,896 | €2,409 | -€487 | -16.8% |
| Suppliers | 440/4 | €2,896 | €2,409 | -€487 | -16.8% |
| Taxes, remuneration and social security | 45 | €25,331 | €9,967 | -€15,363 | -60.7% |
| Taxes | 450/3 | €22,881 | €7,517 | -€15,363 | -67.1% |
| Remuneration and social security | 454/9 | €2,450 | €2,450 | = | 0.0% |
| Other amounts payable | 47/48 | €202,228 | €208,879 | +€6,651 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,905 | €25,446 | +€10,541 | +70.7% |
| Other operating charges | 640/8 | €5,854 | €3,906 | -€1,948 | -33.3% |
| Non-recurring operating charges | 66A | €96 | €127 | +€31 | +32.0% |
| Gross operating margin | 9900 | €188,988 | €218,493 | +€29,505 | +15.6% |
| Operating profit (loss) | 9901 | €168,133 | €189,014 | +€20,881 | +12.4% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €3,389 | €2,789 | -€599 | -17.7% |
| Recurring financial charges | 65 | €3,389 | €2,789 | -€599 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €164,751 | €186,225 | +€21,473 | +13.0% |
| Income taxes | 67/77 | €62,314 | €43,583 | -€18,732 | -30.1% |
| Profit (loss) for the period | 9904 | €102,437 | €142,642 | +€40,205 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €102,437 | €142,642 | +€40,205 | +39.2% |
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 17 October 2026 via checked.be.