COM-INVEST: 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-INVEST
Largest movements
- Cash +€48,555
up €48,555 (+108%), from €44,897 to €93,452
mainly Receivables within one year (+€42,122) and Depreciation (+€16,221)
- Receivables within one year -€42,122
down €42,122 (-77.3%), from €54,516 to €12,393
of which Trade receivables: -€30,562
- Tangible fixed assets -€16,221
down €16,221 (-11.4%), from €142,704 to €126,483
- Trade debts -€19,133
down €19,133 (-46.4%), from €41,251 to €22,117
- Profit (loss) carried forward +€16,311
up €16,311 (+7,658%), from €213 to €16,524
- Reserves -€4,008
down €4,008 (-2.9%), from €136,290 to €132,282
of which Tax-exempt reserves: -€4,008
- Gross operating margin +€45,660
up €45,660 (+33.7%), from €135,648 to €181,308
- Depreciation -€8,276
down €8,276 (-33.8%), from €24,496 to €16,221
- Financial income +€5,064
new in 2025: €5,064
- Staff costs +€4,960
up €4,960 (+3.4%), from €146,012 to €150,972
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 | €249,141 | €240,372 | -€8,769 | -3.5% |
| Fixed assets | 21/28 | €142,779 | €126,558 | -€16,221 | -11.4% |
| Tangible fixed assets | 22/27 | €142,704 | €126,483 | -€16,221 | -11.4% |
| Land and buildings | 22 | €102,200 | €95,481 | -€6,719 | -6.6% |
| Plant, machinery and equipment | 23 | €8,782 | €7,379 | -€1,403 | -16.0% |
| Furniture and vehicles | 24 | €31,722 | €23,623 | -€8,099 | -25.5% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €106,363 | €113,814 | +€7,452 | +7.0% |
| Stocks and contracts in progress | 3 | €6,950 | €7,969 | +€1,019 | +14.7% |
| Stocks | 30/36 | €6,950 | €7,969 | +€1,019 | +14.7% |
| Amounts receivable within one year | 40/41 | €54,516 | €12,393 | -€42,122 | -77.3% |
| Trade receivables | 40 | €36,597 | €6,035 | -€30,562 | -83.5% |
| Other amounts receivable | 41 | €17,919 | €6,358 | -€11,561 | -64.5% |
| Cash at bank and in hand | 54/58 | €44,897 | €93,452 | +€48,555 | +108% |
| Total equity and liabilities | 10/49 | €249,141 | €240,372 | -€8,769 | -3.5% |
| Equity | 10/15 | €156,954 | €169,257 | +€12,302 | +7.8% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Contributions outside capital | 11 | €20,451 | €20,451 | = | 0.0% |
| Share premium | 1100/10 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €136,290 | €132,282 | -€4,008 | -2.9% |
| Tax-exempt reserves | 132 | €82,290 | €78,282 | -€4,008 | -4.9% |
| Distributable reserves | 133 | €54,000 | €54,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213 | €16,524 | +€16,311 | +7,658% |
| Provisions and deferred taxes | 16 | €27,430 | €26,094 | -€1,336 | -4.9% |
| Deferred taxes | 168 | €27,430 | €26,094 | -€1,336 | -4.9% |
| Amounts payable | 17/49 | €64,757 | €45,021 | -€19,735 | -30.5% |
| Amounts payable within one year | 42/48 | €64,757 | €45,021 | -€19,735 | -30.5% |
| Trade debts | 44 | €41,251 | €22,117 | -€19,133 | -46.4% |
| Suppliers | 440/4 | €41,251 | €22,117 | -€19,133 | -46.4% |
| Taxes, remuneration and social security | 45 | €23,060 | €22,458 | -€602 | -2.6% |
| Taxes | 450/3 | €5,872 | €577 | -€5,295 | -90.2% |
| Remuneration and social security | 454/9 | €17,189 | €21,881 | +€4,692 | +27.3% |
| Other amounts payable | 47/48 | €446 | €446 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €146,012 | €150,972 | +€4,960 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,496 | €16,221 | -€8,276 | -33.8% |
| Other operating charges | 640/8 | €7,249 | €6,596 | -€653 | -9.0% |
| Gross operating margin | 9900 | €135,648 | €181,308 | +€45,660 | +33.7% |
| Operating profit (loss) | 9901 | -€42,109 | €7,519 | +€49,628 | |
| Financial income | 75/76B | - | €5,064 | +€5,064 | |
| Recurring financial income | 75 | - | €5,064 | +€5,064 | |
| Financial charges | 65/66B | €1,266 | €1,601 | +€335 | +26.5% |
| Recurring financial charges | 65 | €1,266 | €1,601 | +€335 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | -€43,375 | €10,982 | +€54,357 | |
| Transfer from deferred taxes | 780 | €1,336 | €1,336 | = | 0.0% |
| Income taxes | 67/77 | - | €16 | +€16 | |
| Profit (loss) for the period | 9904 | -€42,039 | €12,302 | +€54,341 | |
| Transfer from tax-exempt reserves | 789 | €4,008 | €4,008 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,031 | €16,311 | +€54,341 |
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 15 October 2026 via checked.be.