COMACO: 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.
What changed
COMACO
NACE 64.210, Activities of holding companies
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€119
2023 · €6,474-€6,355
Equity
€247,045
2023 · €246,926+€119
Cash
€16,158
2023 · €16,018+€140
Balance sheet total
€709,833
2023 · €705,073+€4,760
Largest movements
Assets
- Receivables within one year +€7,118
up €7,118 (+157%), from €4,537 to €11,656
of which Trade receivables: +€4,720
Equity and liabilities
- Other debts +€36,725
up €36,725 (+22.1%), from €166,498 to €203,222
- Current portion of long-term debt -€28,948
down €28,948 (-15.0%), from €193,162 to €164,214
- Provisions -€22,845
down €22,845 (-33.3%), from €68,535 to €45,690
- Advances received +€18,600
new in 2024: €18,600
Income statement
- Financial charges +€5,311
up €5,311 (+29.0%), from €18,307 to €23,618
- Gross operating margin -€3,328
down €3,328 (-8.9%), from €37,469 to €34,141
- Taxes -€1,347
down €1,347 (-34.1%), from €3,949 to €2,602
- Depreciation -€963
down €963 (-16.7%), from €5,758 to €4,794
From the 2023 result to the 2024 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.
Result 2023
€6,474
Gross operating margin
-€3,328
Staff costs
+€99
Depreciation
+€963
Other operating charges
-€125
Financial income
+€0
Financial charges
-€5,311
Taxes
+€1,347
Result 2024
€119
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€30,409
Investment
-€1,321
Financing
-€28,948
Cash 2023
€16,018
From operations (derived)
+€30,409
Net result for the year
+€119
Depreciation
+€4,794
Receivables within one year
-€7,118
Deferred charges and accrued income
-€975
Provisions
-€22,845
Trade debts
+€3,545
Tax, wage and social debts
-€2,436
Advances received
+€18,600
Other debts
+€36,725
Investment (derived)
-€1,321
Investment in fixed assets (net)
-€1,321
Financing
-€28,948
Current portion of long-term debt
-€28,948
Cash 2024
€16,158
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €705,073 | €709,833 | +€4,760 | +0.7% |
| Fixed assets | 21/28 | €682,229 | €678,756 | -€3,473 | -0.5% |
| Tangible fixed assets | 22/27 | €462,229 | €458,756 | -€3,473 | -0.8% |
| Land and buildings | 22 | €460,297 | €456,835 | -€3,463 | -0.8% |
| Plant, machinery and equipment | 23 | €1,921 | €1,911 | -€10 | -0.5% |
| Furniture and vehicles | 24 | €10 | €10 | = | 0.0% |
| Financial fixed assets | 28 | €220,000 | €220,000 | = | 0.0% |
| Current assets | 29/58 | €22,845 | €31,077 | +€8,233 | +36.0% |
| Amounts receivable within one year | 40/41 | €4,537 | €11,656 | +€7,118 | +157% |
| Trade receivables | 40 | €3,486 | €8,207 | +€4,720 | +135% |
| Other amounts receivable | 41 | €1,051 | €3,449 | +€2,398 | +228% |
| Cash at bank and in hand | 54/58 | €16,018 | €16,158 | +€140 | +0.9% |
| Deferred charges and accrued income | 490/1 | €2,289 | €3,264 | +€975 | +42.6% |
| Total equity and liabilities | 10/49 | €705,073 | €709,833 | +€4,760 | +0.7% |
| Equity | 10/15 | €246,926 | €247,045 | +€119 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,871 | €238,990 | +€119 | 0.0% |
| Provisions and deferred taxes | 16 | €68,535 | €45,690 | -€22,845 | -33.3% |
| Provisions for liabilities and charges | 160/5 | €68,535 | €45,690 | -€22,845 | -33.3% |
| Pensions and similar obligations | 160 | €68,535 | €45,690 | -€22,845 | -33.3% |
| Amounts payable | 17/49 | €389,613 | €417,098 | +€27,486 | +7.1% |
| Amounts payable within one year | 42/48 | €389,613 | €417,098 | +€27,486 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €193,162 | €164,214 | -€28,948 | -15.0% |
| Trade debts | 44 | €4,871 | €8,416 | +€3,545 | +72.8% |
| Suppliers | 440/4 | €4,871 | €8,416 | +€3,545 | +72.8% |
| Advances received on contracts in progress | 46 | - | €18,600 | +€18,600 | |
| Taxes, remuneration and social security | 45 | €25,082 | €22,646 | -€2,436 | -9.7% |
| Taxes | 450/3 | €25,082 | €22,646 | -€2,436 | -9.7% |
| Other amounts payable | 47/48 | €166,498 | €203,222 | +€36,725 | +22.1% |
| Non-recurring operating income | 76A | - | €22,845 | +€22,845 | |
| Remuneration, social security and pensions | 62 | €99 | - | -€99 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,758 | €4,794 | -€963 | -16.7% |
| Other operating charges | 640/8 | €2,883 | €3,008 | +€125 | +4.3% |
| Gross operating margin | 9900 | €37,469 | €34,141 | -€3,328 | -8.9% |
| Operating profit (loss) | 9901 | €28,730 | €26,339 | -€2,391 | -8.3% |
| Financial income | 75/76B | €0 | €1 | +€0 | +4,900% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +4,900% |
| Financial charges | 65/66B | €18,307 | €23,618 | +€5,311 | +29.0% |
| Recurring financial charges | 65 | €18,307 | €23,618 | +€5,311 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €10,423 | €2,722 | -€7,701 | -73.9% |
| Income taxes | 67/77 | €3,949 | €2,602 | -€1,347 | -34.1% |
| Profit (loss) for the period | 9904 | €6,474 | €119 | -€6,355 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,474 | €119 | -€6,355 | -98.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.