Dr. D. Violon - COMED: what changed
Dr. D. Violon - COMED
Largest movements
- Receivables within one year +€37,192
new in 2025: €37,192
- Deferred charges and accrued income -€11,165
down €11,165 (-53.2%), from €21,000 to €9,835
- Tangible fixed assets +€9,501
up €9,501 (+638%), from €1,488 to €10,989
of which Furniture and vehicles: +€9,588
- Cash -€5,458
down €5,458 (-22.4%), from €24,333 to €18,875
mainly Receivables within one year (-€37,192) and Other debts (-€18,124)
- Reserves +€35,607
up €35,607 (+219%), from €16,236 to €51,843
- Other debts -€18,124
no longer reported in 2025 (was €18,124)
- Accrued charges and deferred income +€7,000
new in 2025: €7,000
- Tax, wage and social debts +€3,935
up €3,935 (+1,278%), from €308 to €4,242
- Trade debts +€1,652
up €1,652 (+1,315%), from €126 to €1,778
- Gross operating margin -€62,527
down €62,527 (-58.7%), from €106,449 to €43,922
- Taxes +€3,627
up €3,627 (+1,178%), from €308 to €3,935
- Depreciation +€2,545
up €2,545 (+217%), from €1,173 to €3,717
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,193 | €77,263 | +€30,070 | +63.7% |
| Fixed assets | 21/28 | €1,860 | €11,361 | +€9,501 | +511% |
| Tangible fixed assets | 22/27 | €1,488 | €10,989 | +€9,501 | +638% |
| Plant, machinery and equipment | 23 | €210 | €123 | -€88 | -41.6% |
| Furniture and vehicles | 24 | €1,278 | €10,866 | +€9,588 | +750% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €45,333 | €65,902 | +€20,569 | +45.4% |
| Amounts receivable within one year | 40/41 | - | €37,192 | +€37,192 | |
| Other amounts receivable | 41 | - | €37,192 | +€37,192 | |
| Cash at bank and in hand | 54/58 | €24,333 | €18,875 | -€5,458 | -22.4% |
| Deferred charges and accrued income | 490/1 | €21,000 | €9,835 | -€11,165 | -53.2% |
| Total equity and liabilities | 10/49 | €47,193 | €77,263 | +€30,070 | +63.7% |
| Equity | 10/15 | €28,636 | €64,243 | +€35,607 | +124% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €16,236 | €51,843 | +€35,607 | +219% |
| Distributable reserves | 133 | €16,236 | €51,843 | +€35,607 | +219% |
| Amounts payable | 17/49 | €18,557 | €13,020 | -€5,537 | -29.8% |
| Amounts payable within one year | 42/48 | €18,557 | €6,020 | -€12,537 | -67.6% |
| Trade debts | 44 | €126 | €1,778 | +€1,652 | +1,315% |
| Suppliers | 440/4 | €126 | €1,778 | +€1,652 | +1,315% |
| Taxes, remuneration and social security | 45 | €308 | €4,242 | +€3,935 | +1,278% |
| Taxes | 450/3 | €308 | €4,242 | +€3,935 | +1,278% |
| Other amounts payable | 47/48 | €18,124 | - | -€18,124 | |
| Accrued charges and deferred income | 492/3 | - | €7,000 | +€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,173 | €3,717 | +€2,545 | +217% |
| Other operating charges | 640/8 | €1,134 | €1,105 | -€29 | -2.5% |
| Gross operating margin | 9900 | €106,449 | €43,922 | -€62,527 | -58.7% |
| Operating profit (loss) | 9901 | €104,142 | €39,100 | -€65,043 | -62.5% |
| Financial income | 75/76B | - | €517 | +€517 | |
| Recurring financial income | 75 | - | €517 | +€517 | |
| Financial charges | 65/66B | €182 | €75 | -€108 | -59.0% |
| Recurring financial charges | 65 | €182 | €75 | -€108 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €103,960 | €39,541 | -€64,418 | -62.0% |
| Income taxes | 67/77 | €308 | €3,935 | +€3,627 | +1,178% |
| Profit (loss) for the period | 9904 | €103,652 | €35,607 | -€68,045 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €103,652 | €35,607 | -€68,045 | -65.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.