KOMEVA: 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.
KOMEVA
Largest movements
- Tangible fixed assets +€226,716
up €226,716 (+30.3%), from €749,380 to €976,095
of which Furniture and vehicles: +€147,368
- Cash +€144,367
up €144,367 (+35.9%), from €402,389 to €546,756
mainly Depreciation (+€147,815) and Net result for the year (+€128,845)
- Current investments -€127,475
down €127,475 (-63.0%), from €202,475 to €75,000
- Receivables within one year -€37,090
down €37,090 (-13.0%), from €286,360 to €249,270
of which Trade receivables: -€47,808
- Reserves +€128,845
up €128,845 (+12.8%), from €1.0m to €1.1m
of which Distributable reserves: +€200,415
- Debts after one year +€67,633
up €67,633 (+17.7%), from €381,466 to €449,099
of which Financial debts: +€258,090
- Current portion of long-term debt +€20,489
up €20,489 (+39.4%), from €51,959 to €72,448
- Gross operating margin +€57,167
up €57,167 (+8.1%), from €706,207 to €763,374
- Depreciation +€11,327
up €11,327 (+8.3%), from €136,488 to €147,815
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 | €1,662,912 | €1,867,488 | +€204,576 | +12.3% |
| Fixed assets | 21/28 | €752,920 | €979,635 | +€226,716 | +30.1% |
| Tangible fixed assets | 22/27 | €749,380 | €976,095 | +€226,716 | +30.3% |
| Land and buildings | 22 | €458,321 | €554,111 | +€95,790 | +20.9% |
| Plant, machinery and equipment | 23 | €53,301 | €36,858 | -€16,443 | -30.8% |
| Furniture and vehicles | 24 | €237,759 | €385,127 | +€147,368 | +62.0% |
| Financial fixed assets | 28 | €3,540 | €3,540 | = | 0.0% |
| Current assets | 29/58 | €909,992 | €887,852 | -€22,139 | -2.4% |
| Amounts receivable within one year | 40/41 | €286,360 | €249,270 | -€37,090 | -13.0% |
| Trade receivables | 40 | €264,197 | €216,389 | -€47,808 | -18.1% |
| Other amounts receivable | 41 | €22,163 | €32,881 | +€10,718 | +48.4% |
| Current investments | 50/53 | €202,475 | €75,000 | -€127,475 | -63.0% |
| Cash at bank and in hand | 54/58 | €402,389 | €546,756 | +€144,367 | +35.9% |
| Deferred charges and accrued income | 490/1 | €18,768 | €16,826 | -€1,941 | -10.3% |
| Total equity and liabilities | 10/49 | €1,662,912 | €1,867,488 | +€204,576 | +12.3% |
| Equity | 10/15 | €1,027,228 | €1,154,473 | +€127,245 | +12.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,005,122 | €1,133,967 | +€128,845 | +12.8% |
| Tax-exempt reserves | 132 | €166,121 | €94,551 | -€71,570 | -43.1% |
| Distributable reserves | 133 | €839,001 | €1,039,416 | +€200,415 | +23.9% |
| Investment grants | 15 | €2,106 | €506 | -€1,600 | -76.0% |
| Amounts payable | 17/49 | €635,684 | €713,015 | +€77,331 | +12.2% |
| Amounts payable after more than one year | 17 | €381,466 | €449,099 | +€67,633 | +17.7% |
| Financial debts | 170/4 | €191,009 | €449,099 | +€258,090 | +135.1% |
| Other amounts payable | 178/9 | €190,457 | €0 | -€190,457 | -100.0% |
| Amounts payable within one year | 42/48 | €253,076 | €262,265 | +€9,190 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €51,959 | €72,448 | +€20,489 | +39.4% |
| Trade debts | 44 | €88,831 | €79,355 | -€9,476 | -10.7% |
| Suppliers | 440/4 | €88,831 | €79,355 | -€9,476 | -10.7% |
| Taxes, remuneration and social security | 45 | €102,499 | €110,462 | +€7,963 | +7.8% |
| Taxes | 450/3 | €65,052 | €81,848 | +€16,796 | +25.8% |
| Remuneration and social security | 454/9 | €37,447 | €28,614 | -€8,833 | -23.6% |
| Other amounts payable | 47/48 | €9,787 | €0 | -€9,787 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,142 | €1,651 | +€509 | +44.5% |
| Remuneration, social security and pensions | 62 | €338,421 | €337,949 | -€472 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,488 | €147,815 | +€11,327 | +8.3% |
| Other operating charges | 640/8 | €12,193 | €12,266 | +€73 | +0.6% |
| Non-recurring operating charges | 66A | €3,023 | €77,650 | +€74,628 | +2469.1% |
| Gross operating margin | 9900 | €706,207 | €763,374 | +€57,167 | +8.1% |
| Operating profit (loss) | 9901 | €216,082 | €187,694 | -€28,388 | -13.1% |
| Financial income | 75/76B | €7,323 | €9,457 | +€2,133 | +29.1% |
| Recurring financial income | 75 | €7,323 | €9,457 | +€2,133 | +29.1% |
| Financial charges | 65/66B | €19,632 | €19,749 | +€117 | +0.6% |
| Recurring financial charges | 65 | €19,632 | €19,749 | +€117 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €203,774 | €177,402 | -€26,372 | -12.9% |
| Income taxes | 67/77 | €53,165 | €48,557 | -€4,608 | -8.7% |
| Profit (loss) for the period | 9904 | €150,609 | €128,845 | -€21,764 | -14.5% |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Transfer to tax-exempt reserves | 689 | €71,570 | €12,630 | -€58,940 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €79,039 | €200,415 | +€121,376 | +153.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.