COMINOTTO: 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.
COMINOTTO
Largest movements
- Intangible fixed assets -€43,200
down €43,200 (-17.8%), from €242,665 to €199,465
- Stocks and contracts +€42,430
up €42,430 (+95.9%), from €44,235 to €86,665
- Tangible fixed assets -€28,994
down €28,994 (-23.3%), from €124,568 to €95,574
of which Plant, machinery and equipment: -€97,626
- Receivables within one year +€13,180
up €13,180 (+3.8%), from €345,587 to €358,768
of which Trade receivables: +€16,200
- Cash -€12,465
down €12,465 (-85.8%), from €14,532 to €2,067
mainly Trade debts (-€56,646) and Stocks and contracts (-€42,430)
- Other debts +€99,751
up €99,751 (+399.0%), from €25,000 to €124,751
- Trade debts -€56,646
down €56,646 (-24.4%), from €232,235 to €175,589
- Tax, wage and social debts -€35,930
down €35,930 (-41.0%), from €87,677 to €51,747
of which Taxes: -€37,517
- Reserves -€27,198
down €27,198 (-14.0%), from €194,607 to €167,409
of which Distributable reserves: -€27,198
- Debts after one year -€15,224
down €15,224 (-15.1%), from €101,122 to €85,898
of which Trade debts: -€99,167
- Financial charges +€11,468
up €11,468 (+73.0%), from €15,708 to €27,176
- Taxes -€4,996
down €4,996 (-39.0%), from €12,822 to €7,826
- Write-downs +€3,872
up €3,872, from -€3,872 to €0
- Depreciation +€3,414
up €3,414 (+5.1%), from €67,525 to €70,938
- Financial income -€2,646
down €2,646 (-73.1%), from €3,621 to €975
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 | €773,649 | €744,897 | -€28,752 | -3.7% |
| Fixed assets | 21/28 | €367,233 | €295,039 | -€72,194 | -19.7% |
| Intangible fixed assets | 21 | €242,665 | €199,465 | -€43,200 | -17.8% |
| Tangible fixed assets | 22/27 | €124,568 | €95,574 | -€28,994 | -23.3% |
| Land and buildings | 22 | - | €84,093 | +€84,093 | |
| Plant, machinery and equipment | 23 | €101,722 | €4,095 | -€97,626 | -96.0% |
| Furniture and vehicles | 24 | €12,331 | €5,796 | -€6,535 | -53.0% |
| Leasing and similar rights | 25 | €10,515 | €1,589 | -€8,926 | -84.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €406,416 | €449,858 | +€43,441 | +10.7% |
| Stocks and contracts in progress | 3 | €44,235 | €86,665 | +€42,430 | +95.9% |
| Stocks | 30/36 | €44,235 | €86,665 | +€42,430 | +95.9% |
| Amounts receivable within one year | 40/41 | €345,587 | €358,768 | +€13,180 | +3.8% |
| Trade receivables | 40 | €340,738 | €356,938 | +€16,200 | +4.8% |
| Other amounts receivable | 41 | €4,850 | €1,830 | -€3,020 | -62.3% |
| Cash at bank and in hand | 54/58 | €14,532 | €2,067 | -€12,465 | -85.8% |
| Deferred charges and accrued income | 490/1 | €2,062 | €2,359 | +€296 | +14.4% |
| Total equity and liabilities | 10/49 | €773,649 | €744,897 | -€28,752 | -3.7% |
| Equity | 10/15 | €268,975 | €241,777 | -€27,198 | -10.1% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €194,607 | €167,409 | -€27,198 | -14.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €187,170 | €159,972 | -€27,198 | -14.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €504,674 | €503,120 | -€1,554 | -0.3% |
| Amounts payable after more than one year | 17 | €101,122 | €85,898 | -€15,224 | -15.1% |
| Financial debts | 170/4 | €1,955 | €85,898 | +€83,942 | +4292.8% |
| Trade debts | 175 | €99,167 | €0 | -€99,167 | -100.0% |
| Amounts payable within one year | 42/48 | €403,552 | €414,347 | +€10,794 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €44,057 | €51,545 | +€7,489 | +17.0% |
| Financial debts | 43 | €14,583 | €10,714 | -€3,869 | -26.5% |
| Credit institutions | 430/8 | €14,583 | €0 | -€14,583 | -100.0% |
| Other loans | 439 | - | €10,714 | +€10,714 | |
| Trade debts | 44 | €232,235 | €175,589 | -€56,646 | -24.4% |
| Suppliers | 440/4 | €232,235 | €175,589 | -€56,646 | -24.4% |
| Taxes, remuneration and social security | 45 | €87,677 | €51,747 | -€35,930 | -41.0% |
| Taxes | 450/3 | €70,194 | €32,677 | -€37,517 | -53.4% |
| Remuneration and social security | 454/9 | €17,483 | €19,070 | +€1,586 | +9.1% |
| Other amounts payable | 47/48 | €25,000 | €124,751 | +€99,751 | +399.0% |
| Accrued charges and deferred income | 492/3 | - | €2,876 | +€2,876 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €107,757 | €109,271 | +€1,514 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,525 | €70,938 | +€3,414 | +5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,872 | €0 | +€3,872 | |
| Other operating charges | 640/8 | €5,847 | €7,568 | +€1,721 | +29.4% |
| Non-recurring operating charges | 66A | €5,261 | €905 | -€4,355 | -82.8% |
| Gross operating margin | 9900 | €236,898 | €235,511 | -€1,387 | -0.6% |
| Operating profit (loss) | 9901 | €54,381 | €46,829 | -€7,552 | -13.9% |
| Financial income | 75/76B | €3,621 | €975 | -€2,646 | -73.1% |
| Recurring financial income | 75 | €3,621 | €975 | -€2,646 | -73.1% |
| Financial charges | 65/66B | €15,708 | €27,176 | +€11,468 | +73.0% |
| Recurring financial charges | 65 | €15,708 | €27,176 | +€11,468 | +73.0% |
| Profit (loss) for the period before taxes | 9903 | €42,294 | €20,628 | -€21,666 | -51.2% |
| Income taxes | 67/77 | €12,822 | €7,826 | -€4,996 | -39.0% |
| Profit (loss) for the period | 9904 | €29,473 | €12,802 | -€16,671 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,473 | €12,802 | -€16,671 | -56.6% |
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 1 October 2026 via checked.be.