COMET PROJECTS: what changed
COMET PROJECTS
Largest movements
- Cash +€207,231
up €207,231 (+584%), from €35,458 to €242,689
mainly Receivables within one year (+€134,070) and Net result for the year (+€44,441)
- Receivables within one year -€134,070
down €134,070 (-53.9%), from €248,718 to €114,648
of which Trade receivables: -€141,177
- Financial fixed assets -€12,600
no longer reported in 2025 (was €12,600)
- Reserves +€46,301
up €46,301 (+19.2%), from €241,560 to €287,861
- Trade debts +€32,661
up €32,661 (+3,424%), from €954 to €33,615
- Tax, wage and social debts -€16,541
down €16,541 (-48.9%), from €33,803 to €17,262
- Gross operating margin -€84,821
down €84,821 (-56.5%), from €150,201 to €65,380
- Taxes -€27,786
down €27,786 (-57.2%), from €48,570 to €20,784
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 | €296,776 | €357,337 | +€60,561 | +20.4% |
| Fixed assets | 21/28 | €12,600 | - | -€12,600 | |
| Financial fixed assets | 28 | €12,600 | - | -€12,600 | |
| Current assets | 29/58 | €284,176 | €357,337 | +€73,161 | +25.7% |
| Amounts receivable within one year | 40/41 | €248,718 | €114,648 | -€134,070 | -53.9% |
| Trade receivables | 40 | €241,599 | €100,423 | -€141,177 | -58.4% |
| Other amounts receivable | 41 | €7,119 | €14,225 | +€7,106 | +99.8% |
| Cash at bank and in hand | 54/58 | €35,458 | €242,689 | +€207,231 | +584% |
| Total equity and liabilities | 10/49 | €296,776 | €357,337 | +€60,561 | +20.4% |
| Equity | 10/15 | €262,020 | €306,461 | +€44,441 | +17.0% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €241,560 | €287,861 | +€46,301 | +19.2% |
| Distributable reserves | 133 | €241,560 | €287,861 | +€46,301 | +19.2% |
| Amounts payable | 17/49 | €34,757 | €50,876 | +€16,120 | +46.4% |
| Amounts payable within one year | 42/48 | €34,757 | €50,876 | +€16,120 | +46.4% |
| Trade debts | 44 | €954 | €33,615 | +€32,661 | +3,424% |
| Suppliers | 440/4 | €954 | €33,615 | +€32,661 | +3,424% |
| Taxes, remuneration and social security | 45 | €33,803 | €17,262 | -€16,541 | -48.9% |
| Taxes | 450/3 | €33,803 | €17,262 | -€16,541 | -48.9% |
| Other operating charges | 640/8 | €246 | €248 | +€2 | +0.8% |
| Gross operating margin | 9900 | €150,201 | €65,380 | -€84,821 | -56.5% |
| Operating profit (loss) | 9901 | €149,955 | €65,132 | -€84,823 | -56.6% |
| Financial income | 75/76B | €665 | €133 | -€532 | -80.0% |
| Recurring financial income | 75 | €665 | €133 | -€532 | -80.0% |
| Financial charges | 65/66B | €40 | €40 | +€1 | +2.1% |
| Recurring financial charges | 65 | €40 | €40 | +€1 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €150,581 | €65,225 | -€85,356 | -56.7% |
| Income taxes | 67/77 | €48,570 | €20,784 | -€27,786 | -57.2% |
| Profit (loss) for the period | 9904 | €102,011 | €44,441 | -€57,570 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,011 | €44,441 | -€57,570 | -56.4% |
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 5 November 2026 via checked.be.