COMET FLUVIAL: 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.
COMET FLUVIAL
Largest movements
- Tangible fixed assets -€823,252
down €823,252 (-62.6%), from €1.3m to €491,554
of which Land and buildings: -€823,252
- Cash +€126,887
up €126,887 (+61.0%), from €207,893 to €334,779
mainly Investment in fixed assets (net) (+€690,073) and Depreciation (+€133,179)
- Deferred charges and accrued income +€23,624
up €23,624 (+297.1%), from €7,952 to €31,576
- Other debts -€450,000
no longer reported in 2025 (was €450,000)
- Debts after one year -€105,648
down €105,648 (-15.1%), from €698,277 to €592,628
- Trade debts -€62,878
down €62,878 (-51.2%), from €122,728 to €59,849
- Profit (loss) carried forward -€28,614
down €28,614 (-16.9%), from €169,604 to €140,990
- Gross operating margin -€177,112
down €177,112 (-15.1%), from €1.2m to €994,113
- Financial charges +€19,152
up €19,152 (+178.1%), from €10,754 to €29,905
- Depreciation -€15,830
down €15,830 (-10.6%), from €149,010 to €133,179
- Staff costs +€13,919
up €13,919 (+1.6%), from €844,119 to €858,038
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,780,818 | €1,101,307 | -€679,511 | -38.2% |
| Fixed assets | 21/28 | €1,314,807 | €491,554 | -€823,252 | -62.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,314,807 | €491,554 | -€823,252 | -62.6% |
| Land and buildings | 22 | €1,314,807 | €491,554 | -€823,252 | -62.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €466,011 | €609,753 | +€143,742 | +30.8% |
| Amounts receivable within one year | 40/41 | €250,167 | €243,397 | -€6,769 | -2.7% |
| Trade receivables | 40 | €239,678 | €223,879 | -€15,799 | -6.6% |
| Other amounts receivable | 41 | €10,489 | €19,518 | +€9,029 | +86.1% |
| Cash at bank and in hand | 54/58 | €207,893 | €334,779 | +€126,887 | +61.0% |
| Deferred charges and accrued income | 490/1 | €7,952 | €31,576 | +€23,624 | +297.1% |
| Total equity and liabilities | 10/49 | €1,780,818 | €1,101,307 | -€679,511 | -38.2% |
| Equity | 10/15 | €217,513 | €181,077 | -€36,435 | -16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €169,604 | €140,990 | -€28,614 | -16.9% |
| Investment grants | 15 | €27,448 | €19,627 | -€7,821 | -28.5% |
| Amounts payable | 17/49 | €1,563,305 | €920,230 | -€643,075 | -41.1% |
| Amounts payable after more than one year | 17 | €698,277 | €592,628 | -€105,648 | -15.1% |
| Financial debts | 170/4 | €698,277 | €592,628 | -€105,648 | -15.1% |
| Amounts payable within one year | 42/48 | €848,693 | €327,602 | -€521,091 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | €101,723 | €105,648 | +€3,925 | +3.9% |
| Trade debts | 44 | €122,728 | €59,849 | -€62,878 | -51.2% |
| Suppliers | 440/4 | €122,728 | €59,849 | -€62,878 | -51.2% |
| Taxes, remuneration and social security | 45 | €174,242 | €162,104 | -€12,138 | -7.0% |
| Taxes | 450/3 | €64,357 | €59,901 | -€4,456 | -6.9% |
| Remuneration and social security | 454/9 | €109,885 | €102,203 | -€7,682 | -7.0% |
| Other amounts payable | 47/48 | €450,000 | - | -€450,000 | |
| Accrued charges and deferred income | 492/3 | €16,336 | - | -€16,336 | |
| Non-recurring operating income | 76A | - | €27,655 | +€27,655 | |
| Remuneration, social security and pensions | 62 | €844,119 | €858,038 | +€13,919 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,010 | €133,179 | -€15,830 | -10.6% |
| Other operating charges | 640/8 | €1,348 | €1,666 | +€318 | +23.6% |
| Non-recurring operating charges | 66A | €75 | €7,438 | +€7,363 | +9816.8% |
| Gross operating margin | 9900 | €1,171,224 | €994,113 | -€177,112 | -15.1% |
| Operating profit (loss) | 9901 | €176,672 | -€6,209 | -€182,881 | |
| Financial income | 75/76B | €7,821 | €7,821 | +€0 | 0.0% |
| Recurring financial income | 75 | €7,821 | €7,821 | +€0 | 0.0% |
| Financial charges | 65/66B | €10,754 | €29,905 | +€19,152 | +178.1% |
| Recurring financial charges | 65 | €10,754 | €29,905 | +€19,152 | +178.1% |
| Profit (loss) for the period before taxes | 9903 | €173,739 | -€28,293 | -€202,032 | |
| Income taxes | 67/77 | €321 | €321 | +€1 | +0.3% |
| Profit (loss) for the period | 9904 | €173,419 | -€28,614 | -€202,033 | |
| Profit (loss) for the period to be appropriated | 9905 | €173,419 | -€28,614 | -€202,033 |
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 4 October 2026 via checked.be.