COMETAL: 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.
COMETAL
Largest movements
- Receivables within one year +€774,182
up €774,182 (+29.5%), from €2.6m to €3.4m
of which Trade receivables: +€772,407
- Cash +€431,068
up €431,068 (+206.6%), from €208,628 to €639,696
mainly Depreciation (+€1.0m) and Other debts (+€998,508)
- Stocks and contracts -€232,245
down €232,245 (-14.2%), from €1.6m to €1.4m
- Current investments -€191,941
down €191,941 (-37.3%), from €514,640 to €322,699
- Tangible fixed assets +€168,432
up €168,432 (+4.1%), from €4.1m to €4.3m
of which Plant, machinery and equipment: +€132,876
- Other debts +€998,508
new in 2025: €998,508
- Profit (loss) carried forward -€775,000
down €775,000 (-15.3%), from €5.1m to €4.3m
- Reserves +€525,515
up €525,515 (+27.0%), from €1.9m to €2.5m
of which Distributable reserves: +€525,515
- Advances received +€215,617
new in 2025: €215,617
- Trade debts -€158,057
down €158,057 (-36.1%), from €438,168 to €280,110
- Gross operating margin +€1.1m
up €1.1m (+31.1%), from €3.5m to €4.6m
- Taxes +€281,417
up €281,417 (+216.1%), from €130,255 to €411,672
- Staff costs +€104,030
up €104,030 (+5.1%), from €2.1m to €2.2m
- Depreciation +€80,416
up €80,416 (+8.4%), from €952,492 to €1.0m
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,160,091 | €10,139,085 | +€978,994 | +10.7% |
| Fixed assets | 21/28 | €4,136,075 | €4,304,507 | +€168,432 | +4.1% |
| Tangible fixed assets | 22/27 | €4,099,976 | €4,268,408 | +€168,432 | +4.1% |
| Plant, machinery and equipment | 23 | €3,572,204 | €3,705,080 | +€132,876 | +3.7% |
| Furniture and vehicles | 24 | €277,721 | €334,525 | +€56,805 | +20.5% |
| Other tangible fixed assets | 26 | €250,051 | €228,802 | -€21,249 | -8.5% |
| Financial fixed assets | 28 | €36,099 | €36,099 | = | 0.0% |
| Current assets | 29/58 | €5,024,016 | €5,834,578 | +€810,562 | +16.1% |
| Stocks and contracts in progress | 3 | €1,638,529 | €1,406,283 | -€232,245 | -14.2% |
| Stocks | 30/36 | €1,638,529 | €1,406,283 | -€232,245 | -14.2% |
| Amounts receivable within one year | 40/41 | €2,624,528 | €3,398,711 | +€774,182 | +29.5% |
| Trade receivables | 40 | €1,724,528 | €2,496,935 | +€772,407 | +44.8% |
| Other amounts receivable | 41 | €900,000 | €901,776 | +€1,776 | +0.2% |
| Current investments | 50/53 | €514,640 | €322,699 | -€191,941 | -37.3% |
| Cash at bank and in hand | 54/58 | €208,628 | €639,696 | +€431,068 | +206.6% |
| Deferred charges and accrued income | 490/1 | €37,691 | €67,189 | +€29,498 | +78.3% |
| Total equity and liabilities | 10/49 | €9,160,091 | €10,139,085 | +€978,994 | +10.7% |
| Equity | 10/15 | €8,266,920 | €8,017,435 | -€249,485 | -3.0% |
| Contributions | 10/11 | €1,256,106 | €1,256,106 | = | 0.0% |
| Capital | 10 | €1,256,106 | €1,256,106 | = | 0.0% |
| Issued capital | 100 | €1,256,106 | €1,256,106 | = | 0.0% |
| Reserves | 13 | €1,943,147 | €2,468,663 | +€525,515 | +27.0% |
| Non-distributable reserves | 130/1 | €125,611 | €125,611 | = | 0.0% |
| Legal reserve | 130 | €125,611 | €125,611 | = | 0.0% |
| Distributable reserves | 133 | €1,817,537 | €2,343,052 | +€525,515 | +28.9% |
| Profit (loss) carried forward | 14 | €5,067,666 | €4,292,666 | -€775,000 | -15.3% |
| Provisions and deferred taxes | 16 | - | €100,000 | +€100,000 | |
| Provisions for liabilities and charges | 160/5 | - | €100,000 | +€100,000 | |
| Other liabilities and charges | 164/5 | - | €100,000 | +€100,000 | |
| Amounts payable | 17/49 | €893,172 | €2,021,650 | +€1.1m | +126.3% |
| Amounts payable after more than one year | 17 | €87,022 | €43,643 | -€43,379 | -49.8% |
| Financial debts | 170/4 | €87,022 | €43,643 | -€43,379 | -49.8% |
| Amounts payable within one year | 42/48 | €781,150 | €1,953,007 | +€1.2m | +150.0% |
| Current portion of amounts payable after more than one year | 42 | €43,116 | €43,379 | +€263 | +0.6% |
| Trade debts | 44 | €438,168 | €280,110 | -€158,057 | -36.1% |
| Suppliers | 440/4 | €438,168 | €280,110 | -€158,057 | -36.1% |
| Advances received on contracts in progress | 46 | - | €215,617 | +€215,617 | |
| Taxes, remuneration and social security | 45 | €299,866 | €415,392 | +€115,526 | +38.5% |
| Taxes | 450/3 | €66,028 | €164,711 | +€98,683 | +149.5% |
| Remuneration and social security | 454/9 | €233,838 | €250,681 | +€16,843 | +7.2% |
| Other amounts payable | 47/48 | - | €998,508 | +€998,508 | |
| Accrued charges and deferred income | 492/3 | €25,000 | €25,000 | = | 0.0% |
| Non-recurring operating income | 76A | €10,618 | €1,757 | -€8,861 | -83.4% |
| Remuneration, social security and pensions | 62 | €2,051,749 | €2,155,779 | +€104,030 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €952,492 | €1,032,908 | +€80,416 | +8.4% |
| Other operating charges | 640/8 | €24,100 | €32,987 | +€8,887 | +36.9% |
| Non-recurring operating charges | 66A | - | €100,232 | +€100,232 | |
| Gross operating margin | 9900 | €3,507,541 | €4,599,880 | +€1.1m | +31.1% |
| Operating profit (loss) | 9901 | €479,200 | €1,277,974 | +€798,774 | +166.7% |
| Financial income | 75/76B | €44,107 | €46,629 | +€2,522 | +5.7% |
| Recurring financial income | 75 | €44,107 | €46,629 | +€2,522 | +5.7% |
| Financial charges | 65/66B | €15,596 | €13,908 | -€1,688 | -10.8% |
| Recurring financial charges | 65 | €15,596 | €13,908 | -€1,688 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €507,711 | €1,310,695 | +€802,984 | +158.2% |
| Income taxes | 67/77 | €130,255 | €411,672 | +€281,417 | +216.1% |
| Profit (loss) for the period | 9904 | €377,457 | €899,024 | +€521,567 | +138.2% |
| Profit (loss) for the period to be appropriated | 9905 | €377,457 | €899,024 | +€521,567 | +138.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.