COMINN: 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
COMINN
NACE 68.310, Real estate agency activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€64,033
2024 · €18,822+€45,212
Equity
€130,792
2024 · €66,758+€64,033
Cash
€57,834
2024 · €33,614+€24,219
Balance sheet total
€2.5m
2024 · €1.7m+€756,483
Largest movements
Assets
- Financial fixed assets +€780,000
up €780,000 (+963.0%), from €80,998 to €860,998
- Tangible fixed assets -€49,175
down €49,175 (-3.3%), from €1.5m to €1.5m
of which Land and buildings: -€55,303
Equity and liabilities
- Other debts +€528,020
up €528,020 (+74.2%), from €711,175 to €1.2m
- Debts after one year +€155,024
up €155,024 (+21.9%), from €708,143 to €863,166
- Reserves +€64,033
up €64,033 (+136.9%), from €46,758 to €110,792
of which Tax-exempt reserves: +€42,100
Income statement
- Gross operating margin +€56,398
up €56,398 (+31.6%), from €178,284 to €234,682
- Other operating charges -€18,382
down €18,382 (-56.7%), from €32,405 to €14,023
- Taxes +€13,689
up €13,689 (+144.0%), from €9,504 to €23,193
- Financial charges +€8,436
up €8,436 (+42.4%), from €19,873 to €28,309
- Write-downs +€3,375
new in 2025: €3,375
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
€18,822
Gross operating margin
+€56,398
Staff costs
-€1,847
Depreciation
-€2,222
Write-downs
-€3,375
Other operating charges
+€18,382
Financial charges
-€8,436
Taxes
-€13,689
Result 2025
€64,033
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.
From operations
+€639,049
Investment
-€793,027
Financing
+€178,197
Cash 2024
€33,614
From operations (derived)
+€639,049
Net result for the year
+€64,033
Depreciation
+€62,202
Stocks and contracts
-€4,950
Receivables within one year
+€3,967
Smaller working-capital items
-€993
Provisions
-€4,953
Trade debts
-€4,813
Tax, wage and social debts
-€3,465
Other debts
+€528,020
Investment (derived)
-€793,027
Investment in fixed assets (net)
-€793,027
Financing
+€178,197
Debts after one year
+€155,024
Current portion of long-term debt
+€23,174
Cash 2025
€57,834
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,715,699 | €2,472,182 | +€756,483 | +44.1% |
| Fixed assets | 21/28 | €1,591,844 | €2,322,669 | +€730,825 | +45.9% |
| Tangible fixed assets | 22/27 | €1,510,846 | €1,461,671 | -€49,175 | -3.3% |
| Land and buildings | 22 | €1,509,790 | €1,454,487 | -€55,303 | -3.7% |
| Plant, machinery and equipment | 23 | €1,056 | €1,409 | +€353 | +33.4% |
| Assets under construction and advance payments | 27 | - | €5,775 | +€5,775 | |
| Financial fixed assets | 28 | €80,998 | €860,998 | +€780,000 | +963.0% |
| Current assets | 29/58 | €123,855 | €149,513 | +€25,658 | +20.7% |
| Stocks and contracts in progress | 3 | - | €4,950 | +€4,950 | |
| Stocks | 30/36 | - | €4,950 | +€4,950 | |
| Amounts receivable within one year | 40/41 | €87,046 | €83,079 | -€3,967 | -4.6% |
| Trade receivables | 40 | €34,121 | €33,079 | -€1,042 | -3.1% |
| Other amounts receivable | 41 | €52,925 | €50,000 | -€2,925 | -5.5% |
| Cash at bank and in hand | 54/58 | €33,614 | €57,834 | +€24,219 | +72.1% |
| Deferred charges and accrued income | 490/1 | €3,195 | €3,650 | +€456 | +14.3% |
| Total equity and liabilities | 10/49 | €1,715,699 | €2,472,182 | +€756,483 | +44.1% |
| Equity | 10/15 | €66,758 | €130,792 | +€64,033 | +95.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €46,758 | €110,792 | +€64,033 | +136.9% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €46,758 | €68,692 | +€21,933 | +46.9% |
| Provisions and deferred taxes | 16 | €112,333 | €107,380 | -€4,953 | -4.4% |
| Provisions for liabilities and charges | 160/5 | €112,333 | €107,380 | -€4,953 | -4.4% |
| Environmental obligations | 163 | €112,333 | €107,380 | -€4,953 | -4.4% |
| Amounts payable | 17/49 | €1,536,608 | €2,234,010 | +€697,402 | +45.4% |
| Amounts payable after more than one year | 17 | €708,143 | €863,166 | +€155,024 | +21.9% |
| Financial debts | 170/4 | €708,143 | €863,166 | +€155,024 | +21.9% |
| Amounts payable within one year | 42/48 | €827,893 | €1,370,808 | +€542,916 | +65.6% |
| Current portion of amounts payable after more than one year | 42 | €59,331 | €82,504 | +€23,174 | +39.1% |
| Trade debts | 44 | €9,109 | €4,295 | -€4,813 | -52.8% |
| Suppliers | 440/4 | €9,109 | €4,295 | -€4,813 | -52.8% |
| Taxes, remuneration and social security | 45 | €48,278 | €44,813 | -€3,465 | -7.2% |
| Taxes | 450/3 | €38,316 | €34,286 | -€4,030 | -10.5% |
| Remuneration and social security | 454/9 | €9,962 | €10,528 | +€565 | +5.7% |
| Other amounts payable | 47/48 | €711,175 | €1,239,195 | +€528,020 | +74.2% |
| Accrued charges and deferred income | 492/3 | €573 | €36 | -€537 | -93.7% |
| Non-recurring operating income | 76A | - | €248 | +€248 | |
| Remuneration, social security and pensions | 62 | €37,700 | €39,547 | +€1,847 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,980 | €62,202 | +€2,222 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,375 | +€3,375 | |
| Other operating charges | 640/8 | €32,405 | €14,023 | -€18,382 | -56.7% |
| Gross operating margin | 9900 | €178,284 | €234,682 | +€56,398 | +31.6% |
| Operating profit (loss) | 9901 | €48,199 | €115,535 | +€67,336 | +139.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €19,873 | €28,309 | +€8,436 | +42.4% |
| Recurring financial charges | 65 | €19,873 | €28,309 | +€8,436 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €28,326 | €87,226 | +€58,901 | +207.9% |
| Income taxes | 67/77 | €9,504 | €23,193 | +€13,689 | +144.0% |
| Profit (loss) for the period | 9904 | €18,822 | €64,033 | +€45,212 | +240.2% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,822 | €21,933 | +€3,112 | +16.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.