COM-SA: 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-SA
Largest movements
- Receivables within one year +€16,538
up €16,538 (+25.5%), from €64,792 to €81,329
of which Trade receivables: +€16,350
- Tangible fixed assets -€11,617
down €11,617 (-16.0%), from €72,766 to €61,149
of which Other tangible fixed assets: -€7,242
- Other debts +€39,941
up €39,941 (+264.3%), from €15,112 to €55,054
- Debts after one year -€31,352
down €31,352 (-41.8%), from €75,017 to €43,665
- Trade debts -€6,563
down €6,563 (-71.5%), from €9,174 to €2,611
- Reserves +€6,274
up €6,274 (+16.7%), from €37,678 to €43,952
of which Distributable reserves: +€6,274
- Tax, wage and social debts -€3,265
down €3,265 (-34.8%), from €9,383 to €6,118
- Other operating charges -€2,886
down €2,886 (-41.7%), from €6,914 to €4,028
- Write-downs -€2,212
no longer reported in 2025 (was €2,212)
- Taxes +€1,893
up €1,893 (+120.5%), from €1,572 to €3,465
- Financial charges -€1,780
down €1,780 (-23.8%), from €7,478 to €5,699
- Depreciation +€896
up €896 (+4.5%), from €20,007 to €20,902
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 | €198,542 | €205,268 | +€6,726 | +3.4% |
| Fixed assets | 21/28 | €132,466 | €120,849 | -€11,617 | -8.8% |
| Tangible fixed assets | 22/27 | €72,766 | €61,149 | -€11,617 | -16.0% |
| Plant, machinery and equipment | 23 | €5,259 | €3,421 | -€1,838 | -34.9% |
| Furniture and vehicles | 24 | €7,432 | €4,895 | -€2,538 | -34.1% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €60,075 | €52,833 | -€7,242 | -12.1% |
| Financial fixed assets | 28 | €59,700 | €59,700 | = | 0.0% |
| Current assets | 29/58 | €66,076 | €84,420 | +€18,343 | +27.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €64,792 | €81,329 | +€16,538 | +25.5% |
| Trade receivables | 40 | €51,464 | €67,814 | +€16,350 | +31.8% |
| Other amounts receivable | 41 | €13,328 | €13,516 | +€188 | +1.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,285 | €3,090 | +€1,806 | +140.5% |
| Total equity and liabilities | 10/49 | €198,542 | €205,268 | +€6,726 | +3.4% |
| Equity | 10/15 | €60,195 | €66,469 | +€6,274 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,678 | €43,952 | +€6,274 | +16.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,818 | €42,092 | +€6,274 | +17.5% |
| Profit (loss) carried forward | 14 | €3,917 | €3,917 | = | 0.0% |
| Amounts payable | 17/49 | €138,347 | €138,799 | +€452 | +0.3% |
| Amounts payable after more than one year | 17 | €75,017 | €43,665 | -€31,352 | -41.8% |
| Financial debts | 170/4 | €75,017 | €43,665 | -€31,352 | -41.8% |
| Amounts payable within one year | 42/48 | €63,330 | €95,134 | +€31,804 | +50.2% |
| Current portion of amounts payable after more than one year | 42 | €29,661 | €31,352 | +€1,691 | +5.7% |
| Trade debts | 44 | €9,174 | €2,611 | -€6,563 | -71.5% |
| Suppliers | 440/4 | €9,174 | €2,611 | -€6,563 | -71.5% |
| Taxes, remuneration and social security | 45 | €9,383 | €6,118 | -€3,265 | -34.8% |
| Taxes | 450/3 | €9,383 | €6,118 | -€3,265 | -34.8% |
| Other amounts payable | 47/48 | €15,112 | €55,054 | +€39,941 | +264.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,007 | €20,902 | +€896 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,212 | - | -€2,212 | |
| Other operating charges | 640/8 | €6,914 | €4,028 | -€2,886 | -41.7% |
| Gross operating margin | 9900 | €41,173 | €40,368 | -€805 | -2.0% |
| Operating profit (loss) | 9901 | €12,040 | €15,438 | +€3,398 | +28.2% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €7,478 | €5,699 | -€1,780 | -23.8% |
| Recurring financial charges | 65 | €7,478 | €5,699 | -€1,780 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €4,567 | €9,739 | +€5,172 | +113.3% |
| Income taxes | 67/77 | €1,572 | €3,465 | +€1,893 | +120.5% |
| Profit (loss) for the period | 9904 | €2,995 | €6,274 | +€3,279 | +109.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,995 | €6,274 | +€3,279 | +109.5% |
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 8 October 2026 via checked.be.