COMEVAR: 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.
COMEVAR
Largest movements
- Current assets +€1.4m
up €1.4m (+511%), from €271,258 to €1.7m
of which Receivables within one year: +€1.3m
- Tangible fixed assets +€770,122
up €770,122 (+72.7%), from €1.1m to €1.8m
of which Land and buildings: +€1.8m
- Equity +€2.5m
up €2.5m (+120%), from €2.1m to €4.6m
of which Profit (loss) carried forward: +€1.6m
- Debts -€327,898
down €327,898 (-33.4%), from €980,697 to €652,799
of which Debts within one year: -€196,626
- Financial income +€1.5m
new in 2022: €1.5m
- Gross operating margin -€252,731
down €252,731 (-45.6%), from €553,783 to €301,053
- Taxes -€76,113
down €76,113 (-59.6%), from €127,763 to €51,651
- Financial charges +€9,369
new in 2022: €9,369
From the 2021 result to the 2022 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,058,632 | €5,215,640 | +€2.2m | +70.5% |
| Fixed assets | 21/28 | €2,787,373 | €3,557,496 | +€770,122 | +27.6% |
| Tangible fixed assets | 22/27 | €1,059,271 | €1,829,394 | +€770,122 | +72.7% |
| Land and buildings | 22 | - | €1,819,327 | +€1.8m | |
| Plant, machinery and equipment | 23 | - | €4,505 | +€4,505 | |
| Furniture and vehicles | 24 | - | €2,618 | +€2,618 | |
| Other tangible fixed assets | 26 | - | €2,943 | +€2,943 | |
| Financial fixed assets | 28 | €1,728,102 | €1,728,102 | = | 0.0% |
| Current assets | 29/58 | €271,258 | €1,658,145 | +€1.4m | +511% |
| Stocks and contracts in progress | 3 | €2,800 | €2,000 | -€800 | -28.6% |
| Stocks | 30/36 | - | €2,000 | +€2,000 | |
| Amounts receivable within one year | 40/41 | €180,369 | €1,448,748 | +€1.3m | +703% |
| Trade receivables | 40 | - | €148,858 | +€148,858 | |
| Other amounts receivable | 41 | - | €1,299,890 | +€1.3m | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €81,135 | €202,433 | +€121,298 | +150% |
| Deferred charges and accrued income | 490/1 | - | €4,963 | +€4,963 | |
| Total equity and liabilities | 10/49 | €3,058,632 | €5,215,640 | +€2.2m | +70.5% |
| Equity | 10/15 | €2,077,935 | €4,562,841 | +€2.5m | +120% |
| Contributions | 10/11 | - | €1,074,302 | +€1.1m | |
| Revaluation surpluses | 12 | - | €855,963 | +€855,963 | |
| Reserves | 13 | €474,882 | €474,882 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €13,690 | +€13,690 | |
| Reserves not available under the articles | 1311 | - | €13,690 | +€13,690 | |
| Tax-exempt reserves | 132 | - | €214,041 | +€214,041 | |
| Distributable reserves | 133 | - | €247,152 | +€247,152 | |
| Profit (loss) carried forward | 14 | €528,751 | €2,157,694 | +€1.6m | +308% |
| Amounts payable | 17/49 | €980,697 | €652,799 | -€327,898 | -33.4% |
| Amounts payable after more than one year | 17 | €549,750 | €418,750 | -€131,000 | -23.8% |
| Financial debts | 170/4 | - | €418,750 | +€418,750 | |
| Amounts payable within one year | 42/48 | €429,191 | €232,565 | -€196,626 | -45.8% |
| Current portion of amounts payable after more than one year | 42 | - | €131,000 | +€131,000 | |
| Trade debts | 44 | €10,437 | €11,759 | +€1,322 | +12.7% |
| Suppliers | 440/4 | - | €11,759 | +€11,759 | |
| Taxes, remuneration and social security | 45 | - | €53,447 | +€53,447 | |
| Taxes | 450/3 | - | €53,447 | +€53,447 | |
| Other amounts payable | 47/48 | - | €36,359 | +€36,359 | |
| Accrued charges and deferred income | 492/3 | - | €1,484 | +€1,484 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,967 | €85,840 | -€3,126 | -3.5% |
| Other operating charges | 640/8 | - | €5,374 | +€5,374 | |
| Gross operating margin | 9900 | €553,783 | €301,053 | -€252,731 | -45.6% |
| Operating profit (loss) | 9901 | €454,046 | €209,839 | -€244,207 | -53.8% |
| Financial income | 75/76B | - | €1,480,125 | +€1.5m | |
| Recurring financial income | 75 | €50,000 | €1,480,125 | +€1.4m | +2,860% |
| Financial charges | 65/66B | - | €9,369 | +€9,369 | |
| Recurring financial charges | 65 | €14,430 | €9,369 | -€5,061 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €489,616 | €1,680,594 | +€1.2m | +243% |
| Income taxes | 67/77 | €127,763 | €51,651 | -€76,113 | -59.6% |
| Profit (loss) for the period | 9904 | €361,853 | €1,628,943 | +€1.3m | +350% |
| Profit (loss) for the period to be appropriated | 9905 | €361,853 | €1,628,943 | +€1.3m | +350% |
Source: filed annual accounts (NBB), financial years ended 30 June 2021 and 30 June 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.