COMET TRAITEMENTS: 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 TRAITEMENTS
NACE 38.210, Materials recovery from waste
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €3.0m-€935,773
Equity
€46.3m
2024 · €44.6m+€1.7m
Cash
€6.3m
2024 · €8.8m-€2.5m
Balance sheet total
€104.1m
2024 · €105.4m-€1.3m
Largest movements
Assets
- Tangible fixed assets -€3.4m
down €3.4m (-6.4%), from €53.5m to €50.1m
of which Assets under construction and advance payments: -€29.0m
- Stocks and contracts +€3.0m
up €3.0m (+16.9%), from €17.8m to €20.8m
- Cash -€2.5m
down €2.5m (-28.3%), from €8.8m to €6.3m
mainly Debts after one year (-€5.4m) and Investment in fixed assets (net) (-€3.9m)
- Receivables within one year +€1.4m
up €1.4m (+9.9%), from €14.5m to €16.0m
of which Trade receivables: +€3.3m
Equity and liabilities
- Debts after one year -€5.4m
down €5.4m (-19.4%), from €27.7m to €22.4m
- Short-term financial debts +€3.5m
new in 2025: €3.5m
- Trade debts -€2.7m
down €2.7m (-18.1%), from €15.2m to €12.4m
- Investment grants +€2.6m
up €2.6m (+107.1%), from €2.4m to €5.1m
- Advances received +€2.6m
up €2.6m (+370.6%), from €694,769 to €3.3m
Income statement
- Turnover +€3.1m
up €3.1m (+3.9%), from €78.4m to €81.5m
- Goods and materials +€1.4m
up €1.4m (+3.5%), from €39.8m to €41.1m
of which Purchases: +€1.1m
- Services and other goods +€1.1m
up €1.1m (+5.2%), from €21.1m to €22.2m
- Staff costs +€1.0m
up €1.0m (+8.0%), from €13.1m to €14.2m
- Financial charges +€1.0m
up €1.0m (+113.5%), from €883,768 to €1.9m
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
€3.0m
Turnover
+€3.1m
Other operating income
-€175,316
Goods and materials
-€1.4m
Services and other goods
-€1.1m
Staff costs
-€1.0m
Depreciation
-€168,247
Write-downs
+€39,822
Provisions
-€176,159
Other operating charges
-€3,476
Other operating items
-€159,079
Financial income
+€979,732
Financial charges
-€1.0m
Taxes
+€172,515
Result 2025
€2.1m
Cash bridge derived
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
+€3.0m
Investment
-€3.9m
Financing
-€1.6m
Cash 2024
€8.8m
From operations (derived)
+€3.0m
Net result for the year
+€2.1m
Depreciation
+€7.5m
Stocks and contracts
-€3.0m
Receivables within one year
-€1.4m
Deferred charges and accrued income
-€367,393
Trade debts
-€2.7m
Tax, wage and social debts
-€133,687
Advances received
+€2.6m
Other debts
-€1.7m
Accrued charges and deferred income
+€217,474
Investment (derived)
-€3.9m
Investment in fixed assets (net)
-€3.9m
Financing
-€1.6m
Debts after one year
-€5.4m
Current portion of long-term debt
+€646,183
Short-term financial debts
+€3.5m
Contributions, distributions and other
-€380,516
Cash 2025
€6.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,406,519 | €104,091,702 | -€1.3m | -1.2% |
| Fixed assets | 21/28 | €55,402,060 | €51,761,923 | -€3.6m | -6.6% |
| Intangible fixed assets | 21 | €1,855,351 | €1,618,874 | -€236,477 | -12.7% |
| Tangible fixed assets | 22/27 | €53,539,782 | €50,136,140 | -€3.4m | -6.4% |
| Land and buildings | 22 | €10,021,125 | €18,071,792 | +€8.1m | +80.3% |
| Plant, machinery and equipment | 23 | €10,178,956 | €28,047,290 | +€17.9m | +175.5% |
| Furniture and vehicles | 24 | €2,522,818 | €2,306,699 | -€216,119 | -8.6% |
| Leasing and similar rights | 25 | €370,206 | €299,349 | -€70,856 | -19.1% |
| Assets under construction and advance payments | 27 | €30,446,677 | €1,411,009 | -€29.0m | -95.4% |
| Financial fixed assets | 28 | €6,926 | €6,908 | -€18 | -0.3% |
| Companies linked by participating interests | 282/3 | €4,526 | €4,526 | = | 0.0% |
| Participating interests | 282 | €4,526 | €4,526 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,400 | €2,382 | -€18 | -0.7% |
| Shares | 284 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €400 | €382 | -€18 | -4.4% |
| Current assets | 29/58 | €50,004,459 | €52,329,780 | +€2.3m | +4.7% |
| Stocks and contracts in progress | 3 | €17,811,317 | €20,815,319 | +€3.0m | +16.9% |
| Stocks | 30/36 | €17,811,317 | €20,815,319 | +€3.0m | +16.9% |
| Goods purchased for resale | 34 | €17,811,317 | €20,815,319 | +€3.0m | +16.9% |
| Amounts receivable within one year | 40/41 | €14,542,888 | €15,977,764 | +€1.4m | +9.9% |
| Trade receivables | 40 | €10,872,684 | €14,219,891 | +€3.3m | +30.8% |
| Other amounts receivable | 41 | €3,670,204 | €1,757,874 | -€1.9m | -52.1% |
| Current investments | 50/53 | €8,872,000 | €8,872,000 | = | 0.0% |
| Own shares | 50 | €8,872,000 | €8,872,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,752,107 | €6,271,156 | -€2.5m | -28.3% |
| Deferred charges and accrued income | 490/1 | €26,148 | €393,540 | +€367,393 | +1405.1% |
| Total equity and liabilities | 10/49 | €105,406,519 | €104,091,702 | -€1.3m | -1.2% |
| Equity | 10/15 | €44,637,766 | €46,337,648 | +€1.7m | +3.8% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €40,192,094 | €39,272,491 | -€919,602 | -2.3% |
| Non-distributable reserves | 130/1 | €9,072,000 | €9,072,000 | = | 0.0% |
| Legal reserve | 130 | €200,000 | €200,000 | = | 0.0% |
| Own shares acquired | 1312 | €8,872,000 | €8,872,000 | = | 0.0% |
| Distributable reserves | 133 | €31,120,094 | €30,200,491 | -€919,602 | -3.0% |
| Investment grants | 15 | €2,445,673 | €5,065,157 | +€2.6m | +107.1% |
| Amounts payable | 17/49 | €60,768,752 | €57,754,054 | -€3.0m | -5.0% |
| Amounts payable after more than one year | 17 | €27,725,187 | €22,350,465 | -€5.4m | -19.4% |
| Financial debts | 170/4 | €27,725,187 | €22,350,465 | -€5.4m | -19.4% |
| Leasing and similar obligations | 172 | €250,450 | €175,596 | -€74,854 | -29.9% |
| Credit institutions | 173 | €27,474,737 | €22,174,868 | -€5.3m | -19.3% |
| Amounts payable within one year | 42/48 | €32,640,969 | €34,783,519 | +€2.1m | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €7,489,131 | €8,135,314 | +€646,183 | +8.6% |
| Financial debts | 43 | - | €3,500,000 | +€3.5m | |
| Credit institutions | 430/8 | - | €3,500,000 | +€3.5m | |
| Trade debts | 44 | €15,182,312 | €12,436,529 | -€2.7m | -18.1% |
| Suppliers | 440/4 | €15,182,312 | €12,436,529 | -€2.7m | -18.1% |
| Advances received on contracts in progress | 46 | €694,769 | €3,269,874 | +€2.6m | +370.6% |
| Taxes, remuneration and social security | 45 | €1,982,776 | €1,849,088 | -€133,687 | -6.7% |
| Taxes | 450/3 | €92,756 | €79,366 | -€13,390 | -14.4% |
| Remuneration and social security | 454/9 | €1,890,020 | €1,769,723 | -€120,297 | -6.4% |
| Other amounts payable | 47/48 | €7,291,982 | €5,592,713 | -€1.7m | -23.3% |
| Accrued charges and deferred income | 492/3 | €402,596 | €620,070 | +€217,474 | +54.0% |
| Operating income | 70/76A | €84,373,948 | €87,121,500 | +€2.7m | +3.3% |
| Turnover | 70 | €78,429,516 | €81,512,589 | +€3.1m | +3.9% |
| Other operating income | 74 | €5,663,556 | €5,488,240 | -€175,316 | -3.1% |
| Non-recurring operating income | 76A | €280,876 | €120,672 | -€160,204 | -57.0% |
| Operating charges | 60/66A | €81,446,696 | €85,279,309 | +€3.8m | +4.7% |
| Goods for resale, raw materials and consumables | 60 | €39,757,654 | €41,140,003 | +€1.4m | +3.5% |
| Purchases | 600/8 | €43,002,081 | €44,144,005 | +€1.1m | +2.7% |
| Change in stocks: decrease (increase) | 609 | -€3,244,427 | -€3,004,002 | +€240,425 | +7.4% |
| Services and other goods | 61 | €21,107,388 | €22,207,929 | +€1.1m | +5.2% |
| Remuneration, social security and pensions | 62 | €13,112,538 | €14,155,325 | +€1.0m | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,363,963 | €7,532,211 | +€168,247 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,822 | - | -€39,822 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€176,159 | - | +€176,159 | |
| Other operating charges | 640/8 | €225,437 | €228,913 | +€3,476 | +1.5% |
| Non-recurring operating charges | 66A | €16,052 | €14,928 | -€1,125 | -7.0% |
| Operating profit (loss) | 9901 | €2,927,251 | €1,842,191 | -€1.1m | -37.1% |
| Financial income | 75/76B | €1,162,972 | €2,142,704 | +€979,732 | +84.2% |
| Recurring financial income | 75 | €1,162,972 | €2,142,704 | +€979,732 | +84.2% |
| Income from current assets | 751 | €17,697 | €81,894 | +€64,196 | +362.7% |
| Other financial income | 752/9 | €1,145,274 | €2,060,810 | +€915,536 | +79.9% |
| Financial charges | 65/66B | €883,768 | €1,886,728 | +€1.0m | +113.5% |
| Recurring financial charges | 65 | €883,768 | €1,886,728 | +€1.0m | +113.5% |
| Debt charges | 650 | €660,984 | €892,251 | +€231,267 | +35.0% |
| Other financial charges | 652/9 | €222,784 | €994,477 | +€771,693 | +346.4% |
| Profit (loss) for the period before taxes | 9903 | €3,206,455 | €2,098,167 | -€1.1m | -34.6% |
| Income taxes | 67/77 | €190,284 | €17,770 | -€172,515 | -90.7% |
| Taxes | 670/3 | €190,284 | €17,770 | -€172,515 | -90.7% |
| Profit (loss) for the period | 9904 | €3,016,171 | €2,080,398 | -€935,773 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,016,171 | €2,080,398 | -€935,773 | -31.0% |
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 12 October 2026 via checked.be.