COM-ART: 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.
COM-ART
Largest movements
- Receivables within one year -€61,435
down €61,435 (-86.7%), from €70,857 to €9,421
- Intangible fixed assets -€8,114
down €8,114 (-50.0%), from €16,229 to €8,114
- Cash -€6,727
down €6,727 (-81.5%), from €8,256 to €1,529
- Tangible fixed assets -€2,083
down €2,083 (-72.1%), from €2,889 to €806
- Reserves -€83,000
down €83,000 (-59.4%), from €139,712 to €56,712
- Profit (loss) carried forward +€2,588
up €2,588 (+5.4%), from -€48,350 to -€45,763
- Tax, wage and social debts +€2,187
up €2,187 (+50.6%), from €4,323 to €6,510
- Taxes -€12,128
down €12,128 (-97.2%), from €12,473 to €345
- Gross operating margin +€11,914
up €11,914, from -€11,805 to €109
- Financial income -€2,765
no longer reported in 2025 (was €2,765)
- Other operating charges +€992
up €992 (+169.2%), from €586 to €1,578
- Financial charges -€400
down €400 (-63.7%), from €628 to €228
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,642 | €20,345 | -€78,297 | -79.4% |
| Fixed assets | 21/28 | €19,118 | €8,920 | -€10,197 | -53.3% |
| Intangible fixed assets | 21 | €16,229 | €8,114 | -€8,114 | -50.0% |
| Tangible fixed assets | 22/27 | €2,889 | €806 | -€2,083 | -72.1% |
| Furniture and vehicles | 24 | €2,889 | €806 | -€2,083 | -72.1% |
| Current assets | 29/58 | €79,524 | €11,424 | -€68,100 | -85.6% |
| Amounts receivable within one year | 40/41 | €70,857 | €9,421 | -€61,435 | -86.7% |
| Other amounts receivable | 41 | €70,857 | €9,421 | -€61,435 | -86.7% |
| Cash at bank and in hand | 54/58 | €8,256 | €1,529 | -€6,727 | -81.5% |
| Deferred charges and accrued income | 490/1 | €411 | €474 | +€63 | +15.2% |
| Total equity and liabilities | 10/49 | €98,642 | €20,345 | -€78,297 | -79.4% |
| Equity | 10/15 | €93,362 | €12,949 | -€80,412 | -86.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €139,712 | €56,712 | -€83,000 | -59.4% |
| Distributable reserves | 133 | €139,712 | €56,712 | -€83,000 | -59.4% |
| Profit (loss) carried forward | 14 | -€48,350 | -€45,763 | +€2,588 | +5.4% |
| Amounts payable | 17/49 | €5,280 | €7,395 | +€2,115 | +40.1% |
| Amounts payable within one year | 42/48 | €5,280 | €7,395 | +€2,115 | +40.1% |
| Trade debts | 44 | €957 | €67 | -€890 | -93.0% |
| Suppliers | 440/4 | €957 | €67 | -€890 | -93.0% |
| Taxes, remuneration and social security | 45 | €4,323 | €6,510 | +€2,187 | +50.6% |
| Taxes | 450/3 | €4,323 | €6,510 | +€2,187 | +50.6% |
| Other amounts payable | 47/48 | - | €818 | +€818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,411 | €5,264 | -€147 | -2.7% |
| Other operating charges | 640/8 | €586 | €1,578 | +€992 | +169.2% |
| Gross operating margin | 9900 | -€11,805 | €109 | +€11,914 | |
| Operating profit (loss) | 9901 | -€17,802 | -€6,733 | +€11,069 | +62.2% |
| Financial income | 75/76B | €2,765 | - | -€2,765 | |
| Recurring financial income | 75 | €2,765 | - | -€2,765 | |
| Financial charges | 65/66B | €628 | €228 | -€400 | -63.7% |
| Recurring financial charges | 65 | €628 | €228 | -€400 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,665 | -€6,961 | +€8,704 | +55.6% |
| Income taxes | 67/77 | €12,473 | €345 | -€12,128 | -97.2% |
| Profit (loss) for the period | 9904 | -€28,138 | -€7,306 | +€20,832 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,138 | -€7,306 | +€20,832 | +74.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.