COMET BELGIUM: 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.
What changed
COMET BELGIUM
NACE 28.220, Manufacture of machinery and equipment not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€39,320
2024 · -€160,005+€199,324
Equity
€1.9m
2024 · €1.8m+€35,243
Cash
€10,724
2024 · €81,162-€70,437
Balance sheet total
€4.4m
2024 · €4.9m-€495,032
Largest movements
Assets
- Receivables within one year -€500,140
down €500,140 (-26.2%), from €1.9m to €1.4m
of which Trade receivables: -€495,900
- Stocks and contracts +€75,980
up €75,980 (+5.7%), from €1.3m to €1.4m
- Cash -€70,437
down €70,437 (-86.8%), from €81,162 to €10,724
mainly Trade debts (-€443,597) and Investment in fixed assets (net) (-€213,299)
Equity and liabilities
- Trade debts -€443,597
down €443,597 (-35.4%), from €1.3m to €808,671
- Debts after one year -€101,295
down €101,295 (-10.2%), from €993,382 to €892,087
- Short-term financial debts +€101,224
up €101,224 (+21.0%), from €481,110 to €582,334
- Tax, wage and social debts -€55,511
down €55,511 (-32.5%), from €170,741 to €115,230
of which Taxes: -€40,419
Income statement
- Gross operating margin +€269,546
up €269,546 (+22.1%), from €1.2m to €1.5m
- Depreciation +€62,230
up €62,230 (+42.7%), from €145,728 to €207,958
- Staff costs +€42,606
up €42,606 (+3.7%), from €1.2m to €1.2m
- Write-downs -€40,000
new in 2025: -€40,000
- Financial charges +€15,922
up €15,922 (+36.8%), from €43,325 to €59,246
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.
Result 2024
-€160,005
Gross operating margin
+€269,546
Staff costs
-€42,606
Depreciation
-€62,230
Write-downs
+€40,000
Provisions
+€14,734
Other operating charges
-€4,421
Financial income
+€1
Financial charges
-€15,922
Taxes
+€221
Result 2025
€39,320
raises the resultlowers the result
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.
From operations
+€163,753
Investment
-€213,299
Financing
-€20,891
Cash 2024
€81,162
From operations (derived)
+€163,753
Net result for the year
+€39,320
Depreciation
+€207,958
Stocks and contracts
-€75,980
Receivables within one year
+€500,140
Deferred charges and accrued income
+€5,775
Provisions
-€14,028
Trade debts
-€443,597
Tax, wage and social debts
-€55,511
Accrued charges and deferred income
-€323
Investment (derived)
-€213,299
Investment in fixed assets (net)
-€213,299
Financing
-€20,891
Debts after one year
-€101,295
Current portion of long-term debt
-€16,744
Short-term financial debts
+€101,224
Contributions, distributions and other
-€4,076
Cash 2025
€10,724
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,878,411 | €4,383,379 | -€495,032 | -10.1% |
| Fixed assets | 21/28 | €1,523,451 | €1,528,791 | +€5,341 | +0.4% |
| Intangible fixed assets | 21 | €63,810 | €41,344 | -€22,466 | -35.2% |
| Tangible fixed assets | 22/27 | €1,458,020 | €1,485,827 | +€27,807 | +1.9% |
| Land and buildings | 22 | €1,228,254 | €1,141,641 | -€86,614 | -7.1% |
| Plant, machinery and equipment | 23 | €101,217 | €88,583 | -€12,635 | -12.5% |
| Furniture and vehicles | 24 | €90,436 | €235,294 | +€144,858 | +160% |
| Leasing and similar rights | 25 | €38,112 | €20,309 | -€17,803 | -46.7% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,621 | €1,621 | = | 0.0% |
| Current assets | 29/58 | €3,354,960 | €2,854,588 | -€500,372 | -14.9% |
| Stocks and contracts in progress | 3 | €1,324,889 | €1,400,869 | +€75,980 | +5.7% |
| Stocks | 30/36 | €1,324,889 | €1,400,869 | +€75,980 | +5.7% |
| Amounts receivable within one year | 40/41 | €1,905,726 | €1,405,587 | -€500,140 | -26.2% |
| Trade receivables | 40 | €1,846,079 | €1,350,179 | -€495,900 | -26.9% |
| Other amounts receivable | 41 | €59,647 | €55,407 | -€4,240 | -7.1% |
| Cash at bank and in hand | 54/58 | €81,162 | €10,724 | -€70,437 | -86.8% |
| Deferred charges and accrued income | 490/1 | €43,183 | €37,408 | -€5,775 | -13.4% |
| Total equity and liabilities | 10/49 | €4,878,411 | €4,383,379 | -€495,032 | -10.1% |
| Equity | 10/15 | €1,845,779 | €1,881,022 | +€35,243 | +1.9% |
| Contributions | 10/11 | €523,000 | €523,000 | = | 0.0% |
| Capital | 10 | €523,000 | €523,000 | = | 0.0% |
| Issued capital | 100 | €523,000 | €523,000 | = | 0.0% |
| Reserves | 13 | €52,300 | €52,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €52,300 | €52,300 | = | 0.0% |
| Legal reserve | 130 | €52,300 | €52,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,220,634 | €1,259,954 | +€39,320 | +3.2% |
| Investment grants | 15 | €49,845 | €45,768 | -€4,076 | -8.2% |
| Provisions and deferred taxes | 16 | €14,834 | €806 | -€14,028 | -94.6% |
| Provisions for liabilities and charges | 160/5 | €14,834 | €806 | -€14,028 | -94.6% |
| Other liabilities and charges | 164/5 | €14,834 | €806 | -€14,028 | -94.6% |
| Amounts payable | 17/49 | €3,017,798 | €2,501,551 | -€516,247 | -17.1% |
| Amounts payable after more than one year | 17 | €993,382 | €892,087 | -€101,295 | -10.2% |
| Financial debts | 170/4 | €993,382 | €892,087 | -€101,295 | -10.2% |
| Amounts payable within one year | 42/48 | €2,023,241 | €1,608,612 | -€414,629 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €119,121 | €102,377 | -€16,744 | -14.1% |
| Financial debts | 43 | €481,110 | €582,334 | +€101,224 | +21.0% |
| Credit institutions | 430/8 | €481,110 | €582,334 | +€101,224 | +21.0% |
| Trade debts | 44 | €1,252,269 | €808,671 | -€443,597 | -35.4% |
| Suppliers | 440/4 | €1,252,269 | €808,671 | -€443,597 | -35.4% |
| Taxes, remuneration and social security | 45 | €170,741 | €115,230 | -€55,511 | -32.5% |
| Taxes | 450/3 | €44,390 | €3,972 | -€40,419 | -91.1% |
| Remuneration and social security | 454/9 | €126,351 | €111,259 | -€15,092 | -11.9% |
| Accrued charges and deferred income | 492/3 | €1,175 | €851 | -€323 | -27.5% |
| Non-recurring operating income | 76A | €1,710 | €0 | -€1,710 | -100% |
| Remuneration, social security and pensions | 62 | €1,161,169 | €1,203,775 | +€42,606 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,728 | €207,958 | +€62,230 | +42.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€40,000 | -€40,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €706 | -€14,028 | -€14,734 | |
| Other operating charges | 640/8 | €30,458 | €34,879 | +€4,421 | +14.5% |
| Gross operating margin | 9900 | €1,217,857 | €1,487,403 | +€269,546 | +22.1% |
| Operating profit (loss) | 9901 | -€120,205 | €94,819 | +€215,024 | |
| Financial income | 75/76B | €4,086 | €4,087 | +€1 | 0.0% |
| Recurring financial income | 75 | €4,086 | €4,087 | +€1 | 0.0% |
| Financial charges | 65/66B | €43,325 | €59,246 | +€15,922 | +36.8% |
| Recurring financial charges | 65 | €43,325 | €59,246 | +€15,922 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | -€159,444 | €39,659 | +€199,103 | |
| Income taxes | 67/77 | €561 | €339 | -€221 | -39.5% |
| Profit (loss) for the period | 9904 | -€160,005 | €39,320 | +€199,324 | |
| Profit (loss) for the period to be appropriated | 9905 | -€160,005 | €39,320 | +€199,324 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.