What changed?
Two fiscal 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.
COMET TYRE RECYCLING
Largest movements
- Current investments +€1.2m
new in 2025: €1.2m
- Receivables within one year -€873,825
down €873,825 (-58.3%), from €1.5m to €624,437
of which Other amounts receivable: -€702,372
- Tangible fixed assets +€178,710
up €178,710 (+7.1%), from €2.5m to €2.7m
of which Plant, machinery and equipment: +€1.8m
- Cash -€167,752
down €167,752 (-15.7%), from €1.1m to €898,622
mainly Current investments (-€1.2m) and Contributions, distributions and other (-€1.0m)
- Debts after one year +€1.3m
up €1.3m (+153.1%), from €824,097 to €2.1m
- Trade debts -€664,136
down €664,136 (-72.7%), from €913,508 to €249,372
- Current portion of long-term debt +€306,809
up €306,809 (+97.0%), from €316,227 to €623,036
- Profit (loss) carried forward -€289,077
down €289,077 (-33.5%), from €863,245 to €574,169
- Other debts -€225,520
down €225,520 (-18.3%), from €1.2m to €1.0m
- Gross operating margin -€701,955
down €701,955 (-24.8%), from €2.8m to €2.1m
- Taxes -€277,432
down €277,432 (-95.5%), from €290,354 to €12,922
- Staff costs +€230,233
up €230,233 (+39.9%), from €576,661 to €806,894
- Depreciation +€163,775
up €163,775 (+43.0%), from €381,116 to €544,891
- Financial income -€40,062
down €40,062 (-83.1%), from €48,230 to €8,168
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 | €5,115,140 | €5,437,552 | +€322,412 | +6.3% |
| Fixed assets | 21/28 | €2,550,505 | €2,711,045 | +€160,541 | +6.3% |
| Intangible fixed assets | 21 | €18,170 | - | -€18,170 | |
| Tangible fixed assets | 22/27 | €2,532,219 | €2,710,930 | +€178,710 | +7.1% |
| Land and buildings | 22 | €47,957 | €39,292 | -€8,665 | -18.1% |
| Plant, machinery and equipment | 23 | €307,658 | €2,101,562 | +€1.8m | +583.1% |
| Furniture and vehicles | 24 | €328,839 | €243,542 | -€85,297 | -25.9% |
| Leasing and similar rights | 25 | €501,916 | €326,534 | -€175,382 | -34.9% |
| Assets under construction and advance payments | 27 | €1,345,849 | - | -€1.3m | |
| Financial fixed assets | 28 | €116 | €116 | = | 0.0% |
| Current assets | 29/58 | €2,564,636 | €2,726,507 | +€161,871 | +6.3% |
| Amounts receivable within one year | 40/41 | €1,498,261 | €624,437 | -€873,825 | -58.3% |
| Trade receivables | 40 | €795,890 | €624,437 | -€171,453 | -21.5% |
| Other amounts receivable | 41 | €702,372 | - | -€702,372 | |
| Current investments | 50/53 | - | €1,200,000 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €1,066,374 | €898,622 | -€167,752 | -15.7% |
| Deferred charges and accrued income | 490/1 | - | €3,447 | +€3,447 | |
| Total equity and liabilities | 10/49 | €5,115,140 | €5,437,552 | +€322,412 | +6.3% |
| Equity | 10/15 | €997,536 | €708,459 | -€289,077 | -29.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €72,290 | €72,290 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,090 | €66,090 | = | 0.0% |
| Profit (loss) carried forward | 14 | €863,245 | €574,169 | -€289,077 | -33.5% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €155,430 | €155,430 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €133,400 | €133,400 | = | 0.0% |
| Major repairs and maintenance | 162 | €133,400 | €133,400 | = | 0.0% |
| Deferred taxes | 168 | €22,030 | €22,030 | = | 0.0% |
| Amounts payable | 17/49 | €3,962,174 | €4,573,663 | +€611,489 | +15.4% |
| Amounts payable after more than one year | 17 | €824,097 | €2,085,854 | +€1.3m | +153.1% |
| Financial debts | 170/4 | €824,097 | €2,085,854 | +€1.3m | +153.1% |
| Amounts payable within one year | 42/48 | €2,960,528 | €2,318,069 | -€642,459 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €316,227 | €623,036 | +€306,809 | +97.0% |
| Trade debts | 44 | €913,508 | €249,372 | -€664,136 | -72.7% |
| Suppliers | 440/4 | €913,508 | €249,372 | -€664,136 | -72.7% |
| Taxes, remuneration and social security | 45 | €500,080 | €440,468 | -€59,612 | -11.9% |
| Taxes | 450/3 | €421,299 | €364,008 | -€57,290 | -13.6% |
| Remuneration and social security | 454/9 | €78,781 | €76,460 | -€2,322 | -2.9% |
| Other amounts payable | 47/48 | €1,230,712 | €1,005,192 | -€225,520 | -18.3% |
| Accrued charges and deferred income | 492/3 | €177,550 | €169,740 | -€7,810 | -4.4% |
| Non-recurring operating income | 76A | - | €5,452 | +€5,452 | |
| Remuneration, social security and pensions | 62 | €576,661 | €806,894 | +€230,233 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381,116 | €544,891 | +€163,775 | +43.0% |
| Other operating charges | 640/8 | €3,901 | €6,453 | +€2,551 | +65.4% |
| Non-recurring operating charges | 66A | €46,203 | €617 | -€45,586 | -98.7% |
| Gross operating margin | 9900 | €2,835,440 | €2,133,484 | -€701,955 | -24.8% |
| Operating profit (loss) | 9901 | €1,827,558 | €774,629 | -€1.1m | -57.6% |
| Financial income | 75/76B | €48,230 | €8,168 | -€40,062 | -83.1% |
| Recurring financial income | 75 | €48,230 | €8,168 | -€40,062 | -83.1% |
| Financial charges | 65/66B | €32,139 | €58,951 | +€26,812 | +83.4% |
| Recurring financial charges | 65 | €32,139 | €58,951 | +€26,812 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | €1,843,648 | €723,846 | -€1.1m | -60.7% |
| Transfer from deferred taxes | 780 | €470 | - | -€470 | |
| Income taxes | 67/77 | €290,354 | €12,922 | -€277,432 | -95.5% |
| Profit (loss) for the period | 9904 | €1,553,764 | €710,923 | -€842,841 | -54.2% |
| Transfer from tax-exempt reserves | 789 | €1,410 | - | -€1,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,555,174 | €710,923 | -€844,250 | -54.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 September 2026 via checked.be.