COMA: what changed
What changed
COMA
filed annual accounts (NBB)
Net result for the year
-€40,272
2024 · €186,021-€226,293
Equity
€879,627
2024 · €884,537-€4,910
Cash
€108,078
2024 · €37,691+€70,387
Balance sheet total
€1.5m
2024 · €1.3m+€172,309
Largest movements
Assets
- Tangible fixed assets +€500,381
up €500,381 (+117%), from €429,450 to €929,832
of which Land and buildings: +€500,747
- Current investments -€399,747
down €399,747 (-45.4%), from €879,882 to €480,135
- Cash +€70,387
up €70,387 (+187%), from €37,691 to €108,078
mainly Current investments (+€399,747) and Trade debts (+€242,277)
Equity and liabilities
- Trade debts +€242,277
up €242,277 (+1,911%), from €12,679 to €254,956
- Provisions -€41,916
down €41,916 (-15.1%), from €277,879 to €235,963
- Profit (loss) carried forward -€20,611
down €20,611 (-37.2%), from -€55,449 to -€76,060
- Reserves +€15,700
up €15,700 (+2.2%), from €728,817 to €744,518
of which Tax-exempt reserves: +€15,700
Income statement
- Gross operating margin -€292,973
down €292,973 (-99.9%), from €293,220 to €247
- Other operating charges -€5,246
down €5,246 (-75.3%), from €6,969 to €1,723
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.
Result 2024
€186,021
Gross operating margin
-€292,973
Depreciation
-€563
Other operating charges
+€5,246
Financial income
-€1,296
Financial charges
+€1,825
Taxes
+€141
Deferred taxes and other
+€61,326
Result 2025
-€40,272
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€186,031
Investment
-€140,005
Financing
+€24,362
Cash 2024
€37,691
From operations (derived)
+€186,031
Net result for the year
-€40,272
Depreciation
+€39,619
Smaller working-capital items
+€855
Deferred charges and accrued income
-€1,636
Provisions
-€41,916
Trade debts
+€242,277
Other debts
-€12,897
Investment (derived)
-€140,005
Investment in fixed assets (net)
-€539,752
Current investments
+€399,747
Financing
+€24,362
Debts after one year
-€11,000
Contributions, distributions and other
+€35,362
Cash 2025
€108,078
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,347,372 | €1,519,681 | +€172,309 | +12.8% |
| Fixed assets | 21/28 | €429,698 | €929,832 | +€500,133 | +116% |
| Tangible fixed assets | 22/27 | €429,450 | €929,832 | +€500,381 | +117% |
| Land and buildings | 22 | €428,538 | €929,286 | +€500,747 | +117% |
| Plant, machinery and equipment | 23 | €912 | €546 | -€366 | -40.1% |
| Financial fixed assets | 28 | €248 | €0 | -€248 | -100% |
| Current assets | 29/58 | €917,674 | €589,849 | -€327,824 | -35.7% |
| Amounts receivable within one year | 40/41 | €101 | €0 | -€101 | -100% |
| Other amounts receivable | 41 | €101 | €0 | -€101 | -100% |
| Current investments | 50/53 | €879,882 | €480,135 | -€399,747 | -45.4% |
| Cash at bank and in hand | 54/58 | €37,691 | €108,078 | +€70,387 | +187% |
| Deferred charges and accrued income | 490/1 | - | €1,636 | +€1,636 | |
| Total equity and liabilities | 10/49 | €1,347,372 | €1,519,681 | +€172,309 | +12.8% |
| Equity | 10/15 | €884,537 | €879,627 | -€4,910 | -0.6% |
| Contributions | 10/11 | €211,169 | €211,169 | = | 0.0% |
| Capital | 10 | €211,169 | €211,169 | = | 0.0% |
| Issued capital | 100 | €211,169 | €211,169 | = | 0.0% |
| Reserves | 13 | €728,817 | €744,518 | +€15,700 | +2.2% |
| Non-distributable reserves | 130/1 | €31,117 | €31,117 | = | 0.0% |
| Legal reserve | 130 | €31,117 | €31,117 | = | 0.0% |
| Tax-exempt reserves | 132 | €692,188 | €707,889 | +€15,700 | +2.3% |
| Distributable reserves | 133 | €5,512 | €5,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,449 | -€76,060 | -€20,611 | -37.2% |
| Provisions and deferred taxes | 16 | €277,879 | €235,963 | -€41,916 | -15.1% |
| Deferred taxes | 168 | €277,879 | €235,963 | -€41,916 | -15.1% |
| Amounts payable | 17/49 | €184,957 | €404,092 | +€219,135 | +118% |
| Amounts payable after more than one year | 17 | €132,000 | €121,000 | -€11,000 | -8.3% |
| Financial debts | 170/4 | €132,000 | €121,000 | -€11,000 | -8.3% |
| Amounts payable within one year | 42/48 | €52,957 | €283,092 | +€230,135 | +435% |
| Current portion of amounts payable after more than one year | 42 | €11,000 | €11,000 | = | 0.0% |
| Trade debts | 44 | €12,679 | €254,956 | +€242,277 | +1,911% |
| Suppliers | 440/4 | €12,679 | €254,956 | +€242,277 | +1,911% |
| Taxes, remuneration and social security | 45 | €895 | €1,650 | +€754 | +84.2% |
| Taxes | 450/3 | €895 | €1,650 | +€754 | +84.2% |
| Other amounts payable | 47/48 | €28,382 | €15,486 | -€12,897 | -45.4% |
| Non-recurring operating income | 76A | €295,947 | €0 | -€295,947 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,056 | €39,619 | +€563 | +1.4% |
| Other operating charges | 640/8 | €6,969 | €1,723 | -€5,246 | -75.3% |
| Gross operating margin | 9900 | €293,220 | €247 | -€292,973 | -99.9% |
| Operating profit (loss) | 9901 | €247,195 | -€41,095 | -€288,290 | |
| Financial income | 75/76B | €2,002 | €706 | -€1,296 | -64.8% |
| Recurring financial income | 75 | €2,002 | €706 | -€1,296 | -64.8% |
| Financial charges | 65/66B | €7,508 | €5,683 | -€1,825 | -24.3% |
| Recurring financial charges | 65 | €7,508 | €5,683 | -€1,825 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €241,689 | -€46,072 | -€287,761 | |
| Transfer from deferred taxes | 780 | €19,215 | €6,554 | -€12,661 | -65.9% |
| Transfer to deferred taxes | 680 | €73,987 | €0 | -€73,987 | -100% |
| Income taxes | 67/77 | €895 | €754 | -€141 | -15.8% |
| Profit (loss) for the period | 9904 | €186,021 | -€40,272 | -€226,293 | |
| Transfer from tax-exempt reserves | 789 | €57,644 | €19,662 | -€37,982 | -65.9% |
| Transfer to tax-exempt reserves | 689 | €221,961 | €0 | -€221,961 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €21,704 | -€20,611 | -€42,315 |
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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 2 November 2026 via checked.be.