COMITE MB: 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.
COMITE MB
Largest movements
- Current investments +€457,718
new in 2025: €457,718
- Cash -€446,745
down €446,745 (-98.3%), from €454,663 to €7,918
mainly Current investments (-€457,718) and Trade debts (-€94,260)
- Receivables within one year -€38,506
down €38,506 (-8.8%), from €439,858 to €401,352
of which Trade receivables: -€38,972
- Tangible fixed assets +€24,776
up €24,776 (+28.6%), from €86,523 to €111,300
of which Leasing and similar rights: +€43,995
- Trade debts -€94,260
down €94,260 (-34.2%), from €275,792 to €181,531
- Profit (loss) carried forward +€81,463
up €81,463 (+19.7%), from €413,521 to €494,984
- Debts after one year +€35,473
new in 2025: €35,473
- Other debts -€19,417
down €19,417 (-8.0%), from €243,712 to €224,294
- Tax, wage and social debts -€13,608
down €13,608 (-55.5%), from €24,515 to €10,907
- Gross operating margin -€47,330
down €47,330 (-14.1%), from €336,119 to €288,789
- Write-downs -€33,994
down €33,994, from €14,960 to -€19,034
- Staff costs -€15,644
down €15,644 (-10.6%), from €147,068 to €131,424
- Taxes +€12,443
up €12,443 (+32.6%), from €38,142 to €50,585
- Other operating charges +€5,322
up €5,322 (+98.6%), from €5,395 to €10,718
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 | €981,878 | €982,883 | +€1,004 | +0.1% |
| Fixed assets | 21/28 | €86,718 | €115,894 | +€29,176 | +33.6% |
| Tangible fixed assets | 22/27 | €86,523 | €111,300 | +€24,776 | +28.6% |
| Land and buildings | 22 | €11,474 | €10,889 | -€584 | -5.1% |
| Plant, machinery and equipment | 23 | €8,392 | €4,966 | -€3,427 | -40.8% |
| Furniture and vehicles | 24 | €66,657 | €51,450 | -€15,207 | -22.8% |
| Leasing and similar rights | 25 | - | €43,995 | +€43,995 | |
| Financial fixed assets | 28 | €194 | €4,594 | +€4,400 | +2263.5% |
| Current assets | 29/58 | €895,161 | €866,989 | -€28,172 | -3.1% |
| Amounts receivable within one year | 40/41 | €439,858 | €401,352 | -€38,506 | -8.8% |
| Trade receivables | 40 | €133,600 | €94,629 | -€38,972 | -29.2% |
| Other amounts receivable | 41 | €306,258 | €306,724 | +€466 | +0.2% |
| Current investments | 50/53 | - | €457,718 | +€457,718 | |
| Cash at bank and in hand | 54/58 | €454,663 | €7,918 | -€446,745 | -98.3% |
| Deferred charges and accrued income | 490/1 | €639 | - | -€639 | |
| Total equity and liabilities | 10/49 | €981,878 | €982,883 | +€1,004 | +0.1% |
| Equity | 10/15 | €421,578 | €503,040 | +€81,463 | +19.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €413,521 | €494,984 | +€81,463 | +19.7% |
| Provisions and deferred taxes | 16 | €2,500 | - | -€2,500 | |
| Provisions for liabilities and charges | 160/5 | €2,500 | - | -€2,500 | |
| Other liabilities and charges | 164/5 | €2,500 | - | -€2,500 | |
| Amounts payable | 17/49 | €557,801 | €479,842 | -€77,959 | -14.0% |
| Amounts payable after more than one year | 17 | - | €35,473 | +€35,473 | |
| Financial debts | 170/4 | - | €35,473 | +€35,473 | |
| Amounts payable within one year | 42/48 | €544,018 | €425,610 | -€118,408 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | - | €7,878 | +€7,878 | |
| Trade debts | 44 | €275,792 | €181,531 | -€94,260 | -34.2% |
| Suppliers | 440/4 | €275,792 | €181,531 | -€94,260 | -34.2% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €24,515 | €10,907 | -€13,608 | -55.5% |
| Remuneration and social security | 454/9 | €24,515 | €10,907 | -€13,608 | -55.5% |
| Other amounts payable | 47/48 | €243,712 | €224,294 | -€19,417 | -8.0% |
| Accrued charges and deferred income | 492/3 | €13,782 | €18,758 | +€4,976 | +36.1% |
| Non-recurring operating income | 76A | €18,982 | - | -€18,982 | |
| Remuneration, social security and pensions | 62 | €147,068 | €131,424 | -€15,644 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,285 | €19,219 | -€66 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,960 | -€19,034 | -€33,994 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,500 | - | -€2,500 | |
| Other operating charges | 640/8 | €5,395 | €10,718 | +€5,322 | +98.6% |
| Gross operating margin | 9900 | €336,119 | €288,789 | -€47,330 | -14.1% |
| Operating profit (loss) | 9901 | €146,911 | €146,463 | -€448 | -0.3% |
| Financial income | 75/76B | €1,417 | €5,848 | +€4,432 | +312.8% |
| Recurring financial income | 75 | €1,417 | €5,848 | +€4,432 | +312.8% |
| Financial charges | 65/66B | €15,043 | €20,263 | +€5,220 | +34.7% |
| Recurring financial charges | 65 | €15,043 | €20,263 | +€5,220 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €133,284 | €132,048 | -€1,236 | -0.9% |
| Income taxes | 67/77 | €38,142 | €50,585 | +€12,443 | +32.6% |
| Profit (loss) for the period | 9904 | €95,143 | €81,463 | -€13,680 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,143 | €81,463 | -€13,680 | -14.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.