COMET STEPHANIE: 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 STEPHANIE
Largest movements
- Cash +€269,187
up €269,187 (+115%), from €233,685 to €502,872
mainly Advances received (+€898,271) and Net result for the year (+€533,406)
- Tangible fixed assets -€126,154
down €126,154 (-4.0%), from €3.2m to €3.0m
of which Other tangible fixed assets: -€153,670
- Advances received +€898,271
new in 2025: €898,271
- Accrued charges and deferred income -€634,900
down €634,900 (-95.4%), from €665,661 to €30,760
- Profit (loss) carried forward +€527,256
up €527,256 (+29.8%), from -€1.8m to -€1.2m
- Debts after one year -€323,262
down €323,262 (-22.9%), from €1.4m to €1.1m
- Other debts -€300,000
down €300,000 (-9.7%), from €3.1m to €2.8m
- Gross operating margin +€956,372
up €956,372 (+122%), from €785,074 to €1.7m
- Staff costs +€335,515
up €335,515 (+82.0%), from €409,202 to €744,717
- Depreciation +€21,347
up €21,347 (+8.0%), from €267,678 to €289,025
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 | €4,487,750 | €4,599,102 | +€111,352 | +2.5% |
| Fixed assets | 21/28 | €3,222,253 | €3,096,099 | -€126,154 | -3.9% |
| Tangible fixed assets | 22/27 | €3,175,302 | €3,049,148 | -€126,154 | -4.0% |
| Land and buildings | 22 | €637,642 | €657,679 | +€20,037 | +3.1% |
| Plant, machinery and equipment | 23 | €44,117 | €36,537 | -€7,580 | -17.2% |
| Furniture and vehicles | 24 | €902 | €15,960 | +€15,059 | +1,670% |
| Other tangible fixed assets | 26 | €2,492,641 | €2,338,971 | -€153,670 | -6.2% |
| Financial fixed assets | 28 | €46,951 | €46,951 | = | 0.0% |
| Current assets | 29/58 | €1,265,497 | €1,503,002 | +€237,505 | +18.8% |
| Stocks and contracts in progress | 3 | €7,821 | €19,613 | +€11,793 | +151% |
| Stocks | 30/36 | €7,821 | €19,613 | +€11,793 | +151% |
| Amounts receivable within one year | 40/41 | €755,763 | €736,695 | -€19,068 | -2.5% |
| Trade receivables | 40 | €755,763 | €736,695 | -€19,068 | -2.5% |
| Cash at bank and in hand | 54/58 | €233,685 | €502,872 | +€269,187 | +115% |
| Deferred charges and accrued income | 490/1 | €268,229 | €243,822 | -€24,407 | -9.1% |
| Total equity and liabilities | 10/49 | €4,487,750 | €4,599,102 | +€111,352 | +2.5% |
| Equity | 10/15 | -€1,705,883 | -€1,172,477 | +€533,406 | +31.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €6,150 | +€6,150 | |
| Non-distributable reserves | 130/1 | - | €6,150 | +€6,150 | |
| Legal reserve | 130 | - | €6,150 | +€6,150 | |
| Profit (loss) carried forward | 14 | -€1,767,383 | -€1,240,127 | +€527,256 | +29.8% |
| Amounts payable | 17/49 | €6,193,633 | €5,771,579 | -€422,054 | -6.8% |
| Amounts payable after more than one year | 17 | €1,414,576 | €1,091,314 | -€323,262 | -22.9% |
| Financial debts | 170/4 | €1,414,576 | €1,091,314 | -€323,262 | -22.9% |
| Amounts payable within one year | 42/48 | €4,113,396 | €4,649,504 | +€536,109 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €317,549 | €323,262 | +€5,713 | +1.8% |
| Trade debts | 44 | €593,545 | €509,399 | -€84,147 | -14.2% |
| Suppliers | 440/4 | €593,545 | €509,399 | -€84,147 | -14.2% |
| Advances received on contracts in progress | 46 | - | €898,271 | +€898,271 | |
| Taxes, remuneration and social security | 45 | €123,801 | €140,072 | +€16,271 | +13.1% |
| Taxes | 450/3 | €87,234 | €83,188 | -€4,046 | -4.6% |
| Remuneration and social security | 454/9 | €36,567 | €56,884 | +€20,317 | +55.6% |
| Other amounts payable | 47/48 | €3,078,500 | €2,778,500 | -€300,000 | -9.7% |
| Accrued charges and deferred income | 492/3 | €665,661 | €30,760 | -€634,900 | -95.4% |
| Remuneration, social security and pensions | 62 | €409,202 | €744,717 | +€335,515 | +82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267,678 | €289,025 | +€21,347 | +8.0% |
| Other operating charges | 640/8 | €96,059 | €104,467 | +€8,408 | +8.8% |
| Gross operating margin | 9900 | €785,074 | €1,741,446 | +€956,372 | +122% |
| Operating profit (loss) | 9901 | €12,135 | €603,237 | +€591,102 | +4,871% |
| Financial income | 75/76B | €296 | €28 | -€268 | -90.5% |
| Recurring financial income | 75 | €296 | €28 | -€268 | -90.5% |
| Financial charges | 65/66B | €74,708 | €69,859 | -€4,848 | -6.5% |
| Recurring financial charges | 65 | €74,708 | €69,859 | -€4,848 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€62,277 | €533,406 | +€595,682 | |
| Profit (loss) for the period | 9904 | -€62,277 | €533,406 | +€595,682 | |
| Profit (loss) for the period to be appropriated | 9905 | -€62,277 | €533,406 | +€595,682 |
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.