COMET PROJECTS: 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.
COMET PROJECTS
Largest movements
- Cash +€207,231
up €207,231 (+584%), from €35,458 to €242,689
mainly Receivables within one year (+€134,070) and Net result for the year (+€44,441)
- Receivables within one year -€134,070
down €134,070 (-53.9%), from €248,718 to €114,648
of which Trade receivables: -€141,177
- Financial fixed assets -€12,600
no longer reported in 2025 (was €12,600)
- Reserves +€46,301
up €46,301 (+19.2%), from €241,560 to €287,861
- Trade debts +€32,661
up €32,661 (+3,424%), from €954 to €33,615
- Tax, wage and social debts -€16,541
down €16,541 (-48.9%), from €33,803 to €17,262
- Gross operating margin -€84,821
down €84,821 (-56.5%), from €150,201 to €65,380
- Taxes -€27,786
down €27,786 (-57.2%), from €48,570 to €20,784
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 | €296,776 | €357,337 | +€60,561 | +20.4% |
| Fixed assets | 21/28 | €12,600 | - | -€12,600 | |
| Financial fixed assets | 28 | €12,600 | - | -€12,600 | |
| Current assets | 29/58 | €284,176 | €357,337 | +€73,161 | +25.7% |
| Amounts receivable within one year | 40/41 | €248,718 | €114,648 | -€134,070 | -53.9% |
| Trade receivables | 40 | €241,599 | €100,423 | -€141,177 | -58.4% |
| Other amounts receivable | 41 | €7,119 | €14,225 | +€7,106 | +99.8% |
| Cash at bank and in hand | 54/58 | €35,458 | €242,689 | +€207,231 | +584% |
| Total equity and liabilities | 10/49 | €296,776 | €357,337 | +€60,561 | +20.4% |
| Equity | 10/15 | €262,020 | €306,461 | +€44,441 | +17.0% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €241,560 | €287,861 | +€46,301 | +19.2% |
| Distributable reserves | 133 | €241,560 | €287,861 | +€46,301 | +19.2% |
| Amounts payable | 17/49 | €34,757 | €50,876 | +€16,120 | +46.4% |
| Amounts payable within one year | 42/48 | €34,757 | €50,876 | +€16,120 | +46.4% |
| Trade debts | 44 | €954 | €33,615 | +€32,661 | +3,424% |
| Suppliers | 440/4 | €954 | €33,615 | +€32,661 | +3,424% |
| Taxes, remuneration and social security | 45 | €33,803 | €17,262 | -€16,541 | -48.9% |
| Taxes | 450/3 | €33,803 | €17,262 | -€16,541 | -48.9% |
| Other operating charges | 640/8 | €246 | €248 | +€2 | +0.8% |
| Gross operating margin | 9900 | €150,201 | €65,380 | -€84,821 | -56.5% |
| Operating profit (loss) | 9901 | €149,955 | €65,132 | -€84,823 | -56.6% |
| Financial income | 75/76B | €665 | €133 | -€532 | -80.0% |
| Recurring financial income | 75 | €665 | €133 | -€532 | -80.0% |
| Financial charges | 65/66B | €40 | €40 | +€1 | +2.1% |
| Recurring financial charges | 65 | €40 | €40 | +€1 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €150,581 | €65,225 | -€85,356 | -56.7% |
| Income taxes | 67/77 | €48,570 | €20,784 | -€27,786 | -57.2% |
| Profit (loss) for the period | 9904 | €102,011 | €44,441 | -€57,570 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,011 | €44,441 | -€57,570 | -56.4% |
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 15 October 2026 via checked.be.