COMUL PROFESSIONAL: 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.
COMUL PROFESSIONAL
Largest movements
- Stocks and contracts +€58,671
up €58,671 (+29.3%), from €199,951 to €258,622
- Intangible fixed assets +€44,440
up €44,440 (+2539.4%), from €1,750 to €46,190
- Cash -€19,065
down €19,065 (-15.5%), from €122,924 to €103,859
mainly Investment in fixed assets (net) (-€68,300) and Stocks and contracts (-€58,671)
- Receivables within one year -€9,430
down €9,430 (-6.6%), from €143,353 to €133,923
of which Trade receivables: -€19,613
- Debts after one year +€39,254
up €39,254 (+262.2%), from €14,970 to €54,224
- Reserves +€27,718
up €27,718 (+39.3%), from €70,458 to €98,175
of which Distributable reserves: +€37,718
- Current portion of long-term debt +€11,855
up €11,855 (+7.6%), from €156,061 to €167,916
- Gross operating margin +€61,030
up €61,030 (+166.0%), from €36,772 to €97,802
- Other operating charges +€15,650
up €15,650 (+250.4%), from €6,249 to €21,899
- Depreciation +€15,392
up €15,392 (+218.0%), from €7,060 to €22,452
- Taxes +€7,618
up €7,618 (+143.3%), from €5,317 to €12,935
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 | €481,430 | €560,321 | +€78,891 | +16.4% |
| Fixed assets | 21/28 | €13,045 | €58,892 | +€45,848 | +351.5% |
| Intangible fixed assets | 21 | €1,750 | €46,190 | +€44,440 | +2539.4% |
| Tangible fixed assets | 22/27 | €11,295 | €12,702 | +€1,408 | +12.5% |
| Plant, machinery and equipment | 23 | €7,516 | €3,146 | -€4,370 | -58.1% |
| Furniture and vehicles | 24 | €3,779 | €9,556 | +€5,777 | +152.9% |
| Current assets | 29/58 | €468,385 | €501,428 | +€33,043 | +7.1% |
| Stocks and contracts in progress | 3 | €199,951 | €258,622 | +€58,671 | +29.3% |
| Stocks | 30/36 | €199,951 | €258,622 | +€58,671 | +29.3% |
| Amounts receivable within one year | 40/41 | €143,353 | €133,923 | -€9,430 | -6.6% |
| Trade receivables | 40 | €143,172 | €123,558 | -€19,613 | -13.7% |
| Other amounts receivable | 41 | €181 | €10,365 | +€10,183 | +5617.1% |
| Cash at bank and in hand | 54/58 | €122,924 | €103,859 | -€19,065 | -15.5% |
| Deferred charges and accrued income | 490/1 | €2,158 | €5,025 | +€2,867 | +132.9% |
| Total equity and liabilities | 10/49 | €481,430 | €560,321 | +€78,891 | +16.4% |
| Equity | 10/15 | €170,458 | €198,175 | +€27,718 | +16.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €70,458 | €98,175 | +€27,718 | +39.3% |
| Non-distributable reserves | 130/1 | €10,000 | - | -€10,000 | |
| Reserves not available under the articles | 1311 | €10,000 | - | -€10,000 | |
| Distributable reserves | 133 | €60,458 | €98,175 | +€37,718 | +62.4% |
| Amounts payable | 17/49 | €310,972 | €362,145 | +€51,173 | +16.5% |
| Amounts payable after more than one year | 17 | €14,970 | €54,224 | +€39,254 | +262.2% |
| Financial debts | 170/4 | €14,970 | €54,224 | +€39,254 | +262.2% |
| Amounts payable within one year | 42/48 | €296,003 | €307,921 | +€11,919 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €156,061 | €167,916 | +€11,855 | +7.6% |
| Trade debts | 44 | €98,042 | €95,226 | -€2,817 | -2.9% |
| Suppliers | 440/4 | €98,042 | €95,226 | -€2,817 | -2.9% |
| Taxes, remuneration and social security | 45 | €14,001 | €14,272 | +€271 | +1.9% |
| Taxes | 450/3 | €11,151 | €14,272 | +€3,121 | +28.0% |
| Remuneration and social security | 454/9 | €2,850 | - | -€2,850 | |
| Other amounts payable | 47/48 | €27,899 | €30,507 | +€2,609 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,060 | €22,452 | +€15,392 | +218.0% |
| Other operating charges | 640/8 | €6,249 | €21,899 | +€15,650 | +250.4% |
| Gross operating margin | 9900 | €36,772 | €97,802 | +€61,030 | +166.0% |
| Operating profit (loss) | 9901 | €23,463 | €53,450 | +€29,987 | +127.8% |
| Financial income | 75/76B | €840 | €113 | -€727 | -86.6% |
| Recurring financial income | 75 | €840 | €113 | -€727 | -86.6% |
| Financial charges | 65/66B | €13,069 | €12,910 | -€159 | -1.2% |
| Recurring financial charges | 65 | €13,069 | €12,910 | -€159 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €11,234 | €40,653 | +€29,419 | +261.9% |
| Income taxes | 67/77 | €5,317 | €12,935 | +€7,618 | +143.3% |
| Profit (loss) for the period | 9904 | €5,917 | €27,718 | +€21,801 | +368.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,917 | €27,718 | +€21,801 | +368.5% |
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 10 October 2026 via checked.be.