COMETRANS BELGIUM: 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
COMETRANS BELGIUM
NACE 52.210, Service activities incidental to land transportation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,686
2024 · -€193,854+€201,540
Equity
€646,965
2024 · €643,513+€3,452
Cash
€121,130
2024 · €72,163+€48,967
Balance sheet total
€1.8m
2024 · €1.7m+€127,611
Largest movements
Assets
- Receivables within one year +€105,061
up €105,061 (+11.1%), from €943,070 to €1.0m
of which Trade receivables: +€85,643
- Cash +€48,967
up €48,967 (+67.9%), from €72,163 to €121,130
mainly Depreciation (+€102,235) and Trade debts (+€100,433)
- Tangible fixed assets -€33,512
down €33,512 (-5.4%), from €624,051 to €590,539
of which Land and buildings: -€62,201
Equity and liabilities
- Trade debts +€100,433
up €100,433 (+21.8%), from €460,403 to €560,836
- Other debts +€50,948
up €50,948 (+60.7%), from €83,871 to €134,819
- Current portion of long-term debt -€24,048
down €24,048 (-68.7%), from €35,029 to €10,981
Income statement
- Gross operating margin +€136,806
up €136,806 (+12.1%), from €1.1m to €1.3m
- Depreciation -€121,181
down €121,181 (-54.2%), from €223,416 to €102,235
- Financial income -€57,565
down €57,565 (-86.0%), from €66,915 to €9,350
- Other operating charges +€29,668
up €29,668 (+17.6%), from €169,049 to €198,717
- Staff costs -€29,172
down €29,172 (-3.0%), from €978,993 to €949,821
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
-€193,854
Gross operating margin
+€136,806
Staff costs
+€29,172
Depreciation
+€121,181
Write-downs
+€2,794
Other operating charges
-€29,668
Other operating items
-€784
Financial income
-€57,565
Financial charges
-€396
Result 2025
€7,686
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€153,227
Investment
-€68,732
Financing
-€35,528
Cash 2024
€72,163
From operations (derived)
+€153,227
Net result for the year
+€7,686
Depreciation
+€102,235
Receivables within one year
-€105,061
Deferred charges and accrued income
-€7,086
Trade debts
+€100,433
Tax, wage and social debts
+€3,354
Other debts
+€50,948
Accrued charges and deferred income
+€718
Investment (derived)
-€68,732
Investment in fixed assets (net)
-€68,723
Current investments
-€9
Financing
-€35,528
Debts after one year
-€7,246
Current portion of long-term debt
-€24,048
Contributions, distributions and other
-€4,234
Cash 2025
€121,130
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,711,879 | €1,839,489 | +€127,611 | +7.5% |
| Fixed assets | 21/28 | €647,751 | €614,239 | -€33,512 | -5.2% |
| Tangible fixed assets | 22/27 | €624,051 | €590,539 | -€33,512 | -5.4% |
| Land and buildings | 22 | €552,720 | €490,519 | -€62,201 | -11.3% |
| Plant, machinery and equipment | 23 | €43,399 | €81,424 | +€38,025 | +87.6% |
| Furniture and vehicles | 24 | €27,932 | €18,596 | -€9,336 | -33.4% |
| Financial fixed assets | 28 | €23,700 | €23,700 | = | 0.0% |
| Current assets | 29/58 | €1,064,127 | €1,225,250 | +€161,123 | +15.1% |
| Amounts receivable within one year | 40/41 | €943,070 | €1,048,131 | +€105,061 | +11.1% |
| Trade receivables | 40 | €880,223 | €965,865 | +€85,643 | +9.7% |
| Other amounts receivable | 41 | €62,847 | €82,265 | +€19,418 | +30.9% |
| Current investments | 50/53 | €1,328 | €1,337 | +€9 | +0.7% |
| Cash at bank and in hand | 54/58 | €72,163 | €121,130 | +€48,967 | +67.9% |
| Deferred charges and accrued income | 490/1 | €47,566 | €54,652 | +€7,086 | +14.9% |
| Total equity and liabilities | 10/49 | €1,711,879 | €1,839,489 | +€127,611 | +7.5% |
| Equity | 10/15 | €643,513 | €646,965 | +€3,452 | +0.5% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Capital | 10 | €325,000 | €325,000 | = | 0.0% |
| Issued capital | 100 | €325,000 | €325,000 | = | 0.0% |
| Revaluation surpluses | 12 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €163,448 | €171,134 | +€7,686 | +4.7% |
| Non-distributable reserves | 130/1 | €19,923 | €19,923 | = | 0.0% |
| Legal reserve | 130 | €19,923 | €19,923 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €143,525 | €151,211 | +€7,686 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €5,065 | €831 | -€4,234 | -83.6% |
| Amounts payable | 17/49 | €1,068,365 | €1,192,524 | +€124,159 | +11.6% |
| Amounts payable after more than one year | 17 | €399,549 | €392,303 | -€7,246 | -1.8% |
| Financial debts | 170/4 | €8,246 | €0 | -€8,246 | -100% |
| Other amounts payable | 178/9 | €391,303 | €392,303 | +€1,000 | +0.3% |
| Amounts payable within one year | 42/48 | €664,376 | €795,063 | +€130,687 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €35,029 | €10,981 | -€24,048 | -68.7% |
| Trade debts | 44 | €460,403 | €560,836 | +€100,433 | +21.8% |
| Suppliers | 440/4 | €460,403 | €560,836 | +€100,433 | +21.8% |
| Taxes, remuneration and social security | 45 | €85,074 | €88,428 | +€3,354 | +3.9% |
| Taxes | 450/3 | €11,551 | €16,304 | +€4,753 | +41.1% |
| Remuneration and social security | 454/9 | €73,522 | €72,124 | -€1,398 | -1.9% |
| Other amounts payable | 47/48 | €83,871 | €134,819 | +€50,948 | +60.7% |
| Accrued charges and deferred income | 492/3 | €4,440 | €5,158 | +€718 | +16.2% |
| Non-recurring operating income | 76A | €0 | €2,150 | +€2,150 | |
| Remuneration, social security and pensions | 62 | €978,993 | €949,821 | -€29,172 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223,416 | €102,235 | -€121,181 | -54.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€150 | -€2,944 | -€2,794 | -1,863% |
| Other operating charges | 640/8 | €169,049 | €198,717 | +€29,668 | +17.6% |
| Non-recurring operating charges | 66A | €3,629 | €4,413 | +€784 | +21.6% |
| Gross operating margin | 9900 | €1,131,358 | €1,268,163 | +€136,806 | +12.1% |
| Operating profit (loss) | 9901 | -€243,579 | €15,921 | +€259,500 | |
| Financial income | 75/76B | €66,915 | €9,350 | -€57,565 | -86.0% |
| Recurring financial income | 75 | €66,915 | €9,350 | -€57,565 | -86.0% |
| Financial charges | 65/66B | €17,190 | €17,585 | +€396 | +2.3% |
| Recurring financial charges | 65 | €17,190 | €17,585 | +€396 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€193,854 | €7,686 | +€201,540 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€193,854 | €7,686 | +€201,540 | |
| Transfer from tax-exempt reserves | 789 | €2,727 | €0 | -€2,727 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€191,127 | €7,686 | +€198,813 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.