COMO: 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.
COMO
Largest movements
- Financial fixed assets +€278,665
up €278,665 (+92.4%), from €301,745 to €580,410
- Cash +€88,702
up €88,702 (+415%), from €21,357 to €110,059
mainly Debts after one year (+€176,041) and Net result for the year (+€161,145)
- Receivables within one year +€21,716
new in 2025: €21,716
of which Trade receivables: +€20,000
- Debts after one year +€176,041
up €176,041 (+71.8%), from €245,031 to €421,072
- Reserves +€161,145
up €161,145 (+372%), from €43,264 to €204,409
- Current portion of long-term debt +€54,429
new in 2025: €54,429
- Gross operating margin +€112,158
up €112,158 (+247%), from €45,424 to €157,582
- Financial income +€55,000
up €55,000 (+16,666,567%), from €0 to €55,000
- Taxes +€21,273
up €21,273 (+243%), from €8,770 to €30,043
- Financial charges +€14,853
up €14,853 (+273%), from €5,444 to €20,297
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €323,360 | €714,777 | +€391,416 | +121% |
| Fixed assets | 21/28 | €301,745 | €582,743 | +€280,998 | +93.1% |
| Tangible fixed assets | 22/27 | - | €2,333 | +€2,333 | |
| Other tangible fixed assets | 26 | - | €2,333 | +€2,333 | |
| Financial fixed assets | 28 | €301,745 | €580,410 | +€278,665 | +92.4% |
| Current assets | 29/58 | €21,615 | €132,034 | +€110,419 | +511% |
| Amounts receivable within one year | 40/41 | - | €21,716 | +€21,716 | |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | - | €1,716 | +€1,716 | |
| Cash at bank and in hand | 54/58 | €21,357 | €110,059 | +€88,702 | +415% |
| Deferred charges and accrued income | 490/1 | €258 | €258 | = | 0.0% |
| Total equity and liabilities | 10/49 | €323,360 | €714,777 | +€391,416 | +121% |
| Equity | 10/15 | €68,264 | €229,409 | +€161,145 | +236% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €43,264 | €204,409 | +€161,145 | +372% |
| Distributable reserves | 133 | €43,264 | €204,409 | +€161,145 | +372% |
| Amounts payable | 17/49 | €255,096 | €485,368 | +€230,272 | +90.3% |
| Amounts payable after more than one year | 17 | €245,031 | €421,072 | +€176,041 | +71.8% |
| Financial debts | 170/4 | €245,031 | €421,072 | +€176,041 | +71.8% |
| Amounts payable within one year | 42/48 | €10,065 | €64,296 | +€54,231 | +539% |
| Current portion of amounts payable after more than one year | 42 | - | €54,429 | +€54,429 | |
| Trade debts | 44 | €1,634 | - | -€1,634 | |
| Suppliers | 440/4 | €1,634 | - | -€1,634 | |
| Taxes, remuneration and social security | 45 | €7,028 | €9,867 | +€2,839 | +40.4% |
| Taxes | 450/3 | €7,028 | €9,867 | +€2,839 | +40.4% |
| Other amounts payable | 47/48 | €1,403 | - | -€1,403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €583 | +€583 | |
| Other operating charges | 640/8 | €622 | €515 | -€107 | -17.2% |
| Gross operating margin | 9900 | €45,424 | €157,582 | +€112,158 | +247% |
| Operating profit (loss) | 9901 | €44,802 | €156,484 | +€111,682 | +249% |
| Financial income | 75/76B | €0 | €55,000 | +€55,000 | +16,666,567% |
| Recurring financial income | 75 | €0 | €55,000 | +€55,000 | +16,666,567% |
| Financial charges | 65/66B | €5,444 | €20,297 | +€14,853 | +273% |
| Recurring financial charges | 65 | €5,444 | €20,297 | +€14,853 | +273% |
| Profit (loss) for the period before taxes | 9903 | €39,358 | €191,187 | +€151,829 | +386% |
| Income taxes | 67/77 | €8,770 | €30,043 | +€21,273 | +243% |
| Profit (loss) for the period | 9904 | €30,588 | €161,145 | +€130,556 | +427% |
| Profit (loss) for the period to be appropriated | 9905 | €30,588 | €161,145 | +€130,556 | +427% |
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 26 October 2026 via checked.be.