COMINES STEEL: 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
COMINES STEEL
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€543,228
2024 · €445,420+€97,808
Equity
€5.1m
2024 · €4.6m+€490,686
Cash
€467,168
2024 · €578,735-€111,567
Balance sheet total
€10.9m
2024 · €10.4m+€532,062
Largest movements
Assets
- Stocks and contracts +€440,075
up €440,075 (+49.9%), from €881,147 to €1.3m
- Tangible fixed assets +€389,351
up €389,351 (+7.7%), from €5.0m to €5.4m
of which Land and buildings: +€681,018
- Deferred charges and accrued income -€215,892
down €215,892 (-85.9%), from €251,460 to €35,568
- Cash -€111,567
down €111,567 (-19.3%), from €578,735 to €467,168
mainly Investment in fixed assets (net) (-€1.5m) and Stocks and contracts (-€440,075)
Equity and liabilities
- Trade debts -€438,834
down €438,834 (-29.8%), from €1.5m to €1.0m
- Reserves +€343,228
up €343,228 (+8.1%), from €4.2m to €4.6m
- Debts after one year +€217,548
up €217,548 (+7.2%), from €3.0m to €3.2m
- Short-term financial debts +€199,854
up €199,854 (+591%), from €33,800 to €233,655
- Investment grants +€147,458
up €147,458 (+103%), from €143,803 to €291,261
Income statement
- Turnover +€1.1m
up €1.1m (+6.5%), from €17.2m to €18.3m
- Goods and materials +€541,442
up €541,442 (+4.3%), from €12.5m to €13.0m
of which Purchases: +€896,102
- Services and other goods +€338,177
up €338,177 (+16.7%), from €2.0m to €2.4m
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
€445,420
Turnover
+€1.1m
Other operating income
-€1,463
Goods and materials
-€541,442
Services and other goods
-€338,177
Staff costs
-€115,167
Depreciation
-€98,150
Write-downs
-€30,134
Other operating charges
+€7,484
Other operating items
+€22,055
Financial income
+€14,605
Financial charges
+€8,972
Taxes
+€47,080
Result 2025
€543,228
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
+€947,429
Investment
-€1.5m
Financing
+€421,772
Cash 2024
€578,735
From operations (derived)
+€947,429
Net result for the year
+€543,228
Depreciation
+€1.1m
Stocks and contracts
-€440,075
Receivables within one year
-€33,817
Deferred charges and accrued income
+€215,892
Trade debts
-€438,834
Tax, wage and social debts
-€38,718
Other debts
+€35,000
Accrued charges and deferred income
+€9,614
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
+€421,772
Debts after one year
+€217,548
Current portion of long-term debt
+€56,911
Short-term financial debts
+€199,854
Contributions, distributions and other
-€52,542
Cash 2025
€467,168
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,389,168 | €10,921,230 | +€532,062 | +5.1% |
| Fixed assets | 21/28 | €5,042,683 | €5,428,312 | +€385,629 | +7.6% |
| Intangible fixed assets | 21 | €4,306 | €584 | -€3,722 | -86.4% |
| Tangible fixed assets | 22/27 | €5,038,377 | €5,427,728 | +€389,351 | +7.7% |
| Land and buildings | 22 | €1,574,606 | €2,255,625 | +€681,018 | +43.3% |
| Plant, machinery and equipment | 23 | €462,434 | €485,271 | +€22,838 | +4.9% |
| Furniture and vehicles | 24 | €61,521 | €41,702 | -€19,819 | -32.2% |
| Leasing and similar rights | 25 | €2,614,760 | €2,386,353 | -€228,407 | -8.7% |
| Other tangible fixed assets | 26 | €325,056 | €258,777 | -€66,279 | -20.4% |
| Current assets | 29/58 | €5,346,485 | €5,492,918 | +€146,433 | +2.7% |
| Stocks and contracts in progress | 3 | €881,147 | €1,321,222 | +€440,075 | +49.9% |
| Stocks | 30/36 | €881,147 | €1,321,222 | +€440,075 | +49.9% |
| Raw materials and consumables | 30/31 | €757,421 | €1,213,601 | +€456,180 | +60.2% |
| Goods purchased for resale | 34 | €123,725 | €107,621 | -€16,105 | -13.0% |
| Amounts receivable within one year | 40/41 | €3,635,143 | €3,668,960 | +€33,817 | +0.9% |
| Trade receivables | 40 | €3,400,228 | €3,031,165 | -€369,063 | -10.9% |
| Other amounts receivable | 41 | €234,915 | €637,795 | +€402,879 | +171% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €578,735 | €467,168 | -€111,567 | -19.3% |
| Deferred charges and accrued income | 490/1 | €251,460 | €35,568 | -€215,892 | -85.9% |
| Total equity and liabilities | 10/49 | €10,389,168 | €10,921,230 | +€532,062 | +5.1% |
| Equity | 10/15 | €4,589,219 | €5,079,905 | +€490,686 | +10.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €4,244,996 | €4,588,224 | +€343,228 | +8.1% |
| Distributable reserves | 133 | €4,244,996 | €4,588,224 | +€343,228 | +8.1% |
| Profit (loss) carried forward | 14 | €420 | €420 | = | 0.0% |
| Investment grants | 15 | €143,803 | €291,261 | +€147,458 | +103% |
| Amounts payable | 17/49 | €5,799,949 | €5,841,325 | +€41,376 | +0.7% |
| Amounts payable after more than one year | 17 | €3,016,845 | €3,234,393 | +€217,548 | +7.2% |
| Financial debts | 170/4 | €3,016,845 | €3,234,393 | +€217,548 | +7.2% |
| Leasing and similar obligations | 172 | €1,746,845 | €1,607,226 | -€139,618 | -8.0% |
| Credit institutions | 173 | €1,270,000 | €1,627,166 | +€357,167 | +28.1% |
| Amounts payable within one year | 42/48 | €2,775,871 | €2,590,085 | -€185,786 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €836,012 | €892,924 | +€56,911 | +6.8% |
| Financial debts | 43 | €33,800 | €233,655 | +€199,854 | +591% |
| Credit institutions | 430/8 | €33,800 | €233,655 | +€199,854 | +591% |
| Trade debts | 44 | €1,471,236 | €1,032,403 | -€438,834 | -29.8% |
| Suppliers | 440/4 | €1,471,236 | €1,032,403 | -€438,834 | -29.8% |
| Taxes, remuneration and social security | 45 | €269,822 | €231,104 | -€38,718 | -14.3% |
| Taxes | 450/3 | €117,064 | €65,195 | -€51,870 | -44.3% |
| Remuneration and social security | 454/9 | €152,757 | €165,909 | +€13,152 | +8.6% |
| Other amounts payable | 47/48 | €165,000 | €200,000 | +€35,000 | +21.2% |
| Accrued charges and deferred income | 492/3 | €7,233 | €16,847 | +€9,614 | +133% |
| Operating income | 70/76A | €17,248,357 | €18,377,213 | +€1.1m | +6.5% |
| Turnover | 70 | €17,169,443 | €18,291,588 | +€1.1m | +6.5% |
| Other operating income | 74 | €78,914 | €77,451 | -€1,463 | -1.9% |
| Non-recurring operating income | 76A | €0 | €8,174 | +€8,174 | |
| Operating charges | 60/66A | €16,673,596 | €17,775,301 | +€1.1m | +6.6% |
| Goods for resale, raw materials and consumables | 60 | €12,487,995 | €13,029,438 | +€541,442 | +4.3% |
| Purchases | 600/8 | €12,573,411 | €13,469,513 | +€896,102 | +7.1% |
| Change in stocks: decrease (increase) | 609 | -€85,416 | -€440,075 | -€354,660 | -415% |
| Services and other goods | 61 | €2,025,166 | €2,363,343 | +€338,177 | +16.7% |
| Remuneration, social security and pensions | 62 | €1,073,361 | €1,188,528 | +€115,167 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €996,988 | €1,095,139 | +€98,150 | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,134 | +€30,134 | |
| Other operating charges | 640/8 | €76,204 | €68,721 | -€7,484 | -9.8% |
| Non-recurring operating charges | 66A | €13,881 | €0 | -€13,881 | -100% |
| Operating profit (loss) | 9901 | €574,761 | €601,912 | +€27,151 | +4.7% |
| Financial income | 75/76B | €190,676 | €205,281 | +€14,605 | +7.7% |
| Recurring financial income | 75 | €190,676 | €205,281 | +€14,605 | +7.7% |
| Income from current assets | 751 | €5,728 | €0 | -€5,728 | -100% |
| Other financial income | 752/9 | €184,948 | €205,281 | +€20,333 | +11.0% |
| Financial charges | 65/66B | €183,066 | €174,094 | -€8,972 | -4.9% |
| Recurring financial charges | 65 | €183,066 | €174,094 | -€8,972 | -4.9% |
| Debt charges | 650 | €108,801 | €111,916 | +€3,115 | +2.9% |
| Other financial charges | 652/9 | €74,265 | €62,178 | -€12,087 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €582,371 | €633,099 | +€50,728 | +8.7% |
| Income taxes | 67/77 | €136,951 | €89,871 | -€47,080 | -34.4% |
| Taxes | 670/3 | €136,951 | €89,871 | -€47,080 | -34.4% |
| Profit (loss) for the period | 9904 | €445,420 | €543,228 | +€97,808 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €445,420 | €543,228 | +€97,808 | +22.0% |
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 19 October 2026 via checked.be.