LA COMINOISE: 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.
LA COMINOISE
Largest movements
- Cash +€46,336
up €46,336 (+24.8%), from €187,116 to €233,451
mainly Net result for the year (+€106,900) and Depreciation (+€103,032)
- Tangible fixed assets -€22,872
down €22,872 (-2.2%), from €1.0m to €1.0m
of which Other tangible fixed assets: -€31,876
- Debts after one year -€58,633
down €58,633 (-13.5%), from €433,928 to €375,295
- Tax, wage and social debts +€31,193
up €31,193 (+29.5%), from €105,602 to €136,795
of which Taxes: +€37,385
- Other debts +€29,000
up €29,000 (+38.7%), from €75,000 to €104,000
- Trade debts +€15,212
up €15,212 (+18.8%), from €80,999 to €96,211
- Gross operating margin +€50,486
up €50,486 (+12.8%), from €395,678 to €446,164
- Staff costs -€19,313
down €19,313 (-10.9%), from €176,632 to €157,318
- Taxes +€17,615
up €17,615 (+43.0%), from €40,963 to €58,578
- Depreciation +€16,021
up €16,021 (+18.4%), from €87,011 to €103,032
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 | €1,298,901 | €1,312,822 | +€13,921 | +1.1% |
| Fixed assets | 21/28 | €1,043,388 | €1,020,516 | -€22,872 | -2.2% |
| Tangible fixed assets | 22/27 | €1,042,600 | €1,019,728 | -€22,872 | -2.2% |
| Land and buildings | 22 | €618,537 | €644,139 | +€25,601 | +4.1% |
| Plant, machinery and equipment | 23 | €11,407 | €5,029 | -€6,378 | -55.9% |
| Furniture and vehicles | 24 | €27,741 | €17,522 | -€10,219 | -36.8% |
| Other tangible fixed assets | 26 | €384,914 | €353,038 | -€31,876 | -8.3% |
| Financial fixed assets | 28 | €788 | €788 | = | 0.0% |
| Current assets | 29/58 | €255,514 | €292,306 | +€36,792 | +14.4% |
| Amounts receivable within one year | 40/41 | €56,997 | €47,175 | -€9,822 | -17.2% |
| Trade receivables | 40 | €10,137 | €34,775 | +€24,637 | +243% |
| Other amounts receivable | 41 | €46,860 | €12,400 | -€34,460 | -73.5% |
| Cash at bank and in hand | 54/58 | €187,116 | €233,451 | +€46,336 | +24.8% |
| Deferred charges and accrued income | 490/1 | €11,401 | €11,680 | +€279 | +2.4% |
| Total equity and liabilities | 10/49 | €1,298,901 | €1,312,822 | +€13,921 | +1.1% |
| Equity | 10/15 | €526,556 | €529,455 | +€2,900 | +0.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €506,096 | €508,995 | +€2,900 | +0.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €41,891 | €34,775 | -€7,116 | -17.0% |
| Distributable reserves | 133 | €464,204 | €474,220 | +€10,016 | +2.2% |
| Provisions and deferred taxes | 16 | €10,473 | €8,694 | -€1,779 | -17.0% |
| Deferred taxes | 168 | €10,473 | €8,694 | -€1,779 | -17.0% |
| Amounts payable | 17/49 | €761,873 | €774,673 | +€12,800 | +1.7% |
| Amounts payable after more than one year | 17 | €433,928 | €375,295 | -€58,633 | -13.5% |
| Financial debts | 170/4 | €433,928 | €375,295 | -€58,633 | -13.5% |
| Amounts payable within one year | 42/48 | €326,264 | €395,640 | +€69,375 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €64,663 | €58,633 | -€6,030 | -9.3% |
| Trade debts | 44 | €80,999 | €96,211 | +€15,212 | +18.8% |
| Suppliers | 440/4 | €80,999 | €96,211 | +€15,212 | +18.8% |
| Taxes, remuneration and social security | 45 | €105,602 | €136,795 | +€31,193 | +29.5% |
| Taxes | 450/3 | €73,391 | €110,775 | +€37,385 | +50.9% |
| Remuneration and social security | 454/9 | €32,211 | €26,020 | -€6,191 | -19.2% |
| Other amounts payable | 47/48 | €75,000 | €104,000 | +€29,000 | +38.7% |
| Accrued charges and deferred income | 492/3 | €1,681 | €3,739 | +€2,058 | +122% |
| Non-recurring operating income | 76A | €66,428 | - | -€66,428 | |
| Remuneration, social security and pensions | 62 | €176,632 | €157,318 | -€19,313 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,011 | €103,032 | +€16,021 | +18.4% |
| Other operating charges | 640/8 | €10,865 | €12,631 | +€1,767 | +16.3% |
| Non-recurring operating charges | 66A | €246 | €160 | -€86 | -35.1% |
| Gross operating margin | 9900 | €395,678 | €446,164 | +€50,486 | +12.8% |
| Operating profit (loss) | 9901 | €120,924 | €173,022 | +€52,097 | +43.1% |
| Financial income | 75/76B | €3,781 | €1,739 | -€2,041 | -54.0% |
| Recurring financial income | 75 | €3,781 | €1,739 | -€2,041 | -54.0% |
| Financial charges | 65/66B | €12,451 | €11,062 | -€1,388 | -11.2% |
| Recurring financial charges | 65 | €12,451 | €11,062 | -€1,388 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €112,254 | €163,698 | +€51,444 | +45.8% |
| Transfer from deferred taxes | 780 | €1,779 | €1,779 | +€0 | 0.0% |
| Income taxes | 67/77 | €40,963 | €58,578 | +€17,615 | +43.0% |
| Profit (loss) for the period | 9904 | €73,070 | €106,900 | +€33,829 | +46.3% |
| Transfer from tax-exempt reserves | 789 | €7,115 | €7,116 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,186 | €114,016 | +€33,830 | +42.2% |
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 19 October 2026 via checked.be.