COM4T: 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.
COM4T
Largest movements
- Cash +€40,312
up €40,312 (+54.1%), from €74,449 to €114,761
mainly Other debts (+€32,300) and Net result for the year (+€17,639)
- Tangible fixed assets -€9,673
down €9,673 (-24.5%), from €39,455 to €29,782
of which Plant, machinery and equipment: -€9,251
- Receivables within one year -€3,587
down €3,587 (-13.7%), from €26,133 to €22,546
of which Other amounts receivable: -€2,867
- Other debts +€32,300
up €32,300 (+942%), from €3,429 to €35,729
- Reserves -€10,000
down €10,000 (-13.4%), from €74,360 to €64,360
of which Distributable reserves: -€10,000
- Tax, wage and social debts +€8,507
up €8,507 (+72.9%), from €11,668 to €20,175
of which Taxes: +€5,518
- Profit (loss) carried forward -€7,361
down €7,361 (-17.1%), from €43,147 to €35,786
- Trade debts +€4,408
up €4,408 (+169%), from €2,615 to €7,023
- Gross operating margin -€10,830
down €10,830 (-23.2%), from €46,582 to €35,752
- Taxes -€2,140
down €2,140 (-20.9%), from €10,260 to €8,120
- Other operating charges -€473
down €473 (-65.6%), from €721 to €248
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 | €141,737 | €169,846 | +€28,109 | +19.8% |
| Fixed assets | 21/28 | €39,455 | €29,782 | -€9,673 | -24.5% |
| Tangible fixed assets | 22/27 | €39,455 | €29,782 | -€9,673 | -24.5% |
| Land and buildings | 22 | €1,688 | €1,266 | -€422 | -25.0% |
| Plant, machinery and equipment | 23 | €37,767 | €28,516 | -€9,251 | -24.5% |
| Current assets | 29/58 | €102,282 | €140,064 | +€37,782 | +36.9% |
| Amounts receivable within one year | 40/41 | €26,133 | €22,546 | -€3,587 | -13.7% |
| Trade receivables | 40 | €17,853 | €17,133 | -€720 | -4.0% |
| Other amounts receivable | 41 | €8,280 | €5,413 | -€2,867 | -34.6% |
| Cash at bank and in hand | 54/58 | €74,449 | €114,761 | +€40,312 | +54.1% |
| Deferred charges and accrued income | 490/1 | €1,700 | €2,757 | +€1,057 | +62.2% |
| Total equity and liabilities | 10/49 | €141,737 | €169,846 | +€28,109 | +19.8% |
| Equity | 10/15 | €124,007 | €106,646 | -€17,361 | -14.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €74,360 | €64,360 | -€10,000 | -13.4% |
| 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 | €72,500 | €62,500 | -€10,000 | -13.8% |
| Profit (loss) carried forward | 14 | €43,147 | €35,786 | -€7,361 | -17.1% |
| Amounts payable | 17/49 | €17,730 | €63,200 | +€45,470 | +256% |
| Amounts payable within one year | 42/48 | €17,712 | €62,927 | +€45,215 | +255% |
| Trade debts | 44 | €2,615 | €7,023 | +€4,408 | +169% |
| Suppliers | 440/4 | €2,615 | €7,023 | +€4,408 | +169% |
| Taxes, remuneration and social security | 45 | €11,668 | €20,175 | +€8,507 | +72.9% |
| Taxes | 450/3 | €11,668 | €17,186 | +€5,518 | +47.3% |
| Remuneration and social security | 454/9 | - | €2,989 | +€2,989 | |
| Other amounts payable | 47/48 | €3,429 | €35,729 | +€32,300 | +942% |
| Accrued charges and deferred income | 492/3 | €18 | €273 | +€255 | +1,417% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,984 | €9,673 | -€311 | -3.1% |
| Other operating charges | 640/8 | €721 | €248 | -€473 | -65.6% |
| Gross operating margin | 9900 | €46,582 | €35,752 | -€10,830 | -23.2% |
| Operating profit (loss) | 9901 | €35,877 | €25,831 | -€10,046 | -28.0% |
| Financial charges | 65/66B | €78 | €72 | -€6 | -7.7% |
| Recurring financial charges | 65 | €78 | €72 | -€6 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €35,799 | €25,759 | -€10,040 | -28.0% |
| Income taxes | 67/77 | €10,260 | €8,120 | -€2,140 | -20.9% |
| Profit (loss) for the period | 9904 | €25,539 | €17,639 | -€7,900 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,539 | €17,639 | -€7,900 | -30.9% |
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 15 October 2026 via checked.be.