COMINEO: what changed
Two fiscal 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.
COMINEO
Largest movements
- Receivables within one year +€49,045
up €49,045 (+350.6%), from €13,988 to €63,033
of which Other amounts receivable: +€30,000
- Cash +€27,179
up €27,179 (+43.0%), from €63,135 to €90,313
mainly Net result for the year (+€72,989) and Tax, wage and social debts (+€5,338)
- Tangible fixed assets +€2,313
up €2,313 (+204.3%), from €1,132 to €3,445
- Profit (loss) carried forward +€72,989
up €72,989 (+133.3%), from €54,740 to €127,729
- Tax, wage and social debts +€5,338
up €5,338 (+24.9%), from €21,450 to €26,789
- Gross operating margin +€23,054
up €23,054 (+31.7%), from €72,624 to €95,678
- Taxes +€4,927
up €4,927 (+35.3%), from €13,971 to €18,898
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 | €78,942 | €157,193 | +€78,252 | +99.1% |
| Fixed assets | 21/28 | €1,132 | €3,445 | +€2,313 | +204.3% |
| Tangible fixed assets | 22/27 | €1,132 | €3,445 | +€2,313 | +204.3% |
| Furniture and vehicles | 24 | €1,132 | €3,445 | +€2,313 | +204.3% |
| Current assets | 29/58 | €77,809 | €153,748 | +€75,939 | +97.6% |
| Amounts receivable within one year | 40/41 | €13,988 | €63,033 | +€49,045 | +350.6% |
| Trade receivables | 40 | €13,988 | €33,033 | +€19,045 | +136.2% |
| Other amounts receivable | 41 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €63,135 | €90,313 | +€27,179 | +43.0% |
| Deferred charges and accrued income | 490/1 | €687 | €402 | -€285 | -41.5% |
| Total equity and liabilities | 10/49 | €78,942 | €157,193 | +€78,252 | +99.1% |
| Equity | 10/15 | €56,740 | €129,729 | +€72,989 | +128.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,740 | €127,729 | +€72,989 | +133.3% |
| Amounts payable | 17/49 | €22,202 | €27,465 | +€5,263 | +23.7% |
| Amounts payable within one year | 42/48 | €22,202 | €27,465 | +€5,263 | +23.7% |
| Trade debts | 44 | €751 | €676 | -€75 | -10.0% |
| Suppliers | 440/4 | €751 | €676 | -€75 | -10.0% |
| Taxes, remuneration and social security | 45 | €21,450 | €26,789 | +€5,338 | +24.9% |
| Taxes | 450/3 | €21,450 | €26,789 | +€5,338 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,515 | €1,025 | -€490 | -32.3% |
| Other operating charges | 640/8 | €159 | €167 | +€7 | +4.7% |
| Gross operating margin | 9900 | €72,624 | €95,678 | +€23,054 | +31.7% |
| Operating profit (loss) | 9901 | €70,950 | €94,487 | +€23,537 | +33.2% |
| Financial income | 75/76B | - | €49 | +€49 | |
| Recurring financial income | 75 | - | €49 | +€49 | |
| Financial charges | 65/66B | €2,239 | €2,648 | +€409 | +18.3% |
| Recurring financial charges | 65 | €2,239 | €2,648 | +€409 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €68,711 | €91,887 | +€23,176 | +33.7% |
| Income taxes | 67/77 | €13,971 | €18,898 | +€4,927 | +35.3% |
| Profit (loss) for the period | 9904 | €54,740 | €72,989 | +€18,249 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,740 | €72,989 | +€18,249 | +33.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.