COM by Stef: 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.
COM by Stef
Largest movements
- Cash +€22,063
up €22,063 (+39.1%), from €56,486 to €78,549
mainly Net result for the year (+€26,783) and Deferred charges and accrued income (+€6,378)
- Receivables within one year +€12,490
up €12,490 (+413%), from €3,025 to €15,515
of which Trade receivables: +€11,935
- Deferred charges and accrued income -€6,378
down €6,378 (-90.2%), from €7,071 to €693
- Tangible fixed assets +€1,190
up €1,190 (+31.4%), from €3,790 to €4,980
of which Plant, machinery and equipment: +€2,482
- Reserves +€26,783
up €26,783 (+48.2%), from €55,589 to €82,372
- Tax, wage and social debts +€2,934
up €2,934 (+28.6%), from €10,242 to €13,176
- Gross operating margin +€12,719
up €12,719 (+54.6%), from €23,301 to €36,020
- Taxes +€870
up €870 (+13.9%), from €6,260 to €7,130
- Other operating charges +€402
up €402 (+340%), from €118 to €520
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.
Derived cash bridge
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 | €70,372 | €99,736 | +€29,364 | +41.7% |
| Fixed assets | 21/28 | €3,790 | €4,980 | +€1,190 | +31.4% |
| Tangible fixed assets | 22/27 | €3,790 | €4,980 | +€1,190 | +31.4% |
| Plant, machinery and equipment | 23 | - | €2,482 | +€2,482 | |
| Furniture and vehicles | 24 | €2,947 | €1,756 | -€1,192 | -40.4% |
| Other tangible fixed assets | 26 | €842 | €742 | -€101 | -12.0% |
| Current assets | 29/58 | €66,582 | €94,757 | +€28,174 | +42.3% |
| Amounts receivable within one year | 40/41 | €3,025 | €15,515 | +€12,490 | +413% |
| Trade receivables | 40 | €3,025 | €14,960 | +€11,935 | +395% |
| Other amounts receivable | 41 | - | €554 | +€554 | |
| Cash at bank and in hand | 54/58 | €56,486 | €78,549 | +€22,063 | +39.1% |
| Deferred charges and accrued income | 490/1 | €7,071 | €693 | -€6,378 | -90.2% |
| Total equity and liabilities | 10/49 | €70,372 | €99,736 | +€29,364 | +41.7% |
| Equity | 10/15 | €58,589 | €85,372 | +€26,783 | +45.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €55,589 | €82,372 | +€26,783 | +48.2% |
| Distributable reserves | 133 | €55,589 | €82,372 | +€26,783 | +48.2% |
| Amounts payable | 17/49 | €11,783 | €14,365 | +€2,581 | +21.9% |
| Amounts payable within one year | 42/48 | €11,561 | €14,158 | +€2,597 | +22.5% |
| Trade debts | 44 | €518 | €877 | +€359 | +69.3% |
| Suppliers | 440/4 | €518 | €877 | +€359 | +69.3% |
| Taxes, remuneration and social security | 45 | €10,242 | €13,176 | +€2,934 | +28.6% |
| Taxes | 450/3 | €10,242 | €13,176 | +€2,934 | +28.6% |
| Other amounts payable | 47/48 | €801 | €105 | -€696 | -86.9% |
| Accrued charges and deferred income | 492/3 | €223 | €207 | -€16 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,164 | €1,486 | +€322 | +27.6% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Gross operating margin | 9900 | €23,301 | €36,020 | +€12,719 | +54.6% |
| Operating profit (loss) | 9901 | €22,019 | €34,014 | +€11,996 | +54.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €90 | €101 | +€12 | +13.1% |
| Recurring financial charges | 65 | €90 | €101 | +€12 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €21,929 | €33,913 | +€11,983 | +54.6% |
| Income taxes | 67/77 | €6,260 | €7,130 | +€870 | +13.9% |
| Profit (loss) for the period | 9904 | €15,669 | €26,783 | +€11,114 | +70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,669 | €26,783 | +€11,114 | +70.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.