CHARLES COMIJN: 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.
CHARLES COMIJN
Largest movements
- Tangible fixed assets -€6,814
down €6,814 (-9.2%), from €74,192 to €67,379
of which Plant, machinery and equipment: -€10,824
- Deferred charges and accrued income +€1,714
up €1,714 (+1176.2%), from €146 to €1,860
- Cash -€1,279
down €1,279 (-6.6%), from €19,376 to €18,097
mainly Contributions, distributions and other (-€36,890) and Investment in fixed assets (net) (-€18,401)
- Profit (loss) carried forward -€19,407
down €19,407 (-100.0%), from €19,409 to €1
- Other debts +€17,779
up €17,779 (+93.0%), from €19,111 to €36,890
- Debts after one year -€8,889
down €8,889 (-28.6%), from €31,110 to €22,221
- Trade debts +€3,308
up €3,308 (+2234.4%), from €148 to €3,456
- Purchases and services -€53,891
no longer reported in 2025 (was €53,891)
- Gross operating margin +€6,295
up €6,295 (+14.1%), from €44,605 to €50,900
- Depreciation +€5,652
up €5,652 (+28.9%), from €19,563 to €25,215
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 | €102,307 | €96,167 | -€6,139 | -6.0% |
| Fixed assets | 21/28 | €74,192 | €67,379 | -€6,814 | -9.2% |
| Tangible fixed assets | 22/27 | €74,192 | €67,379 | -€6,814 | -9.2% |
| Plant, machinery and equipment | 23 | €15,845 | €5,021 | -€10,824 | -68.3% |
| Furniture and vehicles | 24 | €54,600 | €51,815 | -€2,786 | -5.1% |
| Other tangible fixed assets | 26 | €3,747 | €10,543 | +€6,796 | +181.4% |
| Current assets | 29/58 | €28,114 | €28,789 | +€674 | +2.4% |
| Amounts receivable within one year | 40/41 | €8,593 | €8,832 | +€239 | +2.8% |
| Trade receivables | 40 | €1,130 | €2,845 | +€1,715 | +151.8% |
| Other amounts receivable | 41 | €7,463 | €5,987 | -€1,476 | -19.8% |
| Cash at bank and in hand | 54/58 | €19,376 | €18,097 | -€1,279 | -6.6% |
| Deferred charges and accrued income | 490/1 | €146 | €1,860 | +€1,714 | +1176.2% |
| Total equity and liabilities | 10/49 | €102,307 | €96,167 | -€6,139 | -6.0% |
| Equity | 10/15 | €43,409 | €24,001 | -€19,407 | -44.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,000 | €19,000 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,409 | €1 | -€19,407 | -100.0% |
| Amounts payable | 17/49 | €58,898 | €72,166 | +€13,268 | +22.5% |
| Amounts payable after more than one year | 17 | €31,110 | €22,221 | -€8,889 | -28.6% |
| Financial debts | 170/4 | €31,110 | €22,221 | -€8,889 | -28.6% |
| Amounts payable within one year | 42/48 | €27,788 | €49,945 | +€22,157 | +79.7% |
| Current portion of amounts payable after more than one year | 42 | €8,529 | €8,889 | +€359 | +4.2% |
| Trade debts | 44 | €148 | €3,456 | +€3,308 | +2234.4% |
| Suppliers | 440/4 | €148 | €3,456 | +€3,308 | +2234.4% |
| Taxes, remuneration and social security | 45 | €0 | €710 | +€710 | |
| Taxes | 450/3 | €0 | €710 | +€710 | |
| Other amounts payable | 47/48 | €19,111 | €36,890 | +€17,779 | +93.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €53,891 | - | -€53,891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,563 | €25,215 | +€5,652 | +28.9% |
| Other operating charges | 640/8 | €387 | €548 | +€161 | +41.6% |
| Gross operating margin | 9900 | €44,605 | €50,900 | +€6,295 | +14.1% |
| Operating profit (loss) | 9901 | €24,654 | €25,136 | +€482 | +2.0% |
| Financial income | 75/76B | €14 | €1 | -€12 | -90.7% |
| Recurring financial income | 75 | €14 | €1 | -€12 | -90.7% |
| Financial charges | 65/66B | €1,863 | €1,678 | -€186 | -10.0% |
| Recurring financial charges | 65 | €1,863 | €1,678 | -€186 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €22,804 | €23,460 | +€656 | +2.9% |
| Income taxes | 67/77 | €5,965 | €5,977 | +€13 | +0.2% |
| Profit (loss) for the period | 9904 | €16,840 | €17,483 | +€643 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,840 | €17,483 | +€643 | +3.8% |
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 3 October 2026 via checked.be.