Comacon: 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.
Comacon
Largest movements
- Receivables within one year -€205,818
down €205,818 (-24.2%), from €850,378 to €644,560
of which Trade receivables: -€190,973
- Cash -€19,474
down €19,474 (-34.9%), from €55,866 to €36,392
mainly Advances received (-€415,229) and Other debts (-€49,200)
- Tangible fixed assets -€13,941
down €13,941 (-18.9%), from €73,663 to €59,722
of which Furniture and vehicles: -€14,610
- Advances received -€415,229
down €415,229 (-100.0%), from €415,229 to €0
- Reserves +€124,154
up €124,154 (+68.8%), from €180,398 to €304,552
- Trade debts +€62,414
up €62,414 (+36.9%), from €169,180 to €231,594
- Tax, wage and social debts +€58,036
up €58,036 (+70.8%), from €81,960 to €139,996
of which Taxes: +€52,060
- Other debts -€49,200
down €49,200 (-80.2%), from €61,321 to €12,121
- Staff costs +€67,304
up €67,304 (+605.8%), from €11,109 to €78,413
- Gross operating margin -€49,766
down €49,766 (-15.9%), from €312,142 to €262,377
- Taxes -€18,277
down €18,277 (-32.1%), from €56,894 to €38,617
- Depreciation +€12,664
up €12,664 (+431.9%), from €2,932 to €15,596
- Other operating charges -€5,995
down €5,995 (-89.1%), from €6,731 to €736
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €980,357 | €743,389 | -€236,968 | -24.2% |
| Fixed assets | 21/28 | €74,113 | €60,172 | -€13,941 | -18.8% |
| Tangible fixed assets | 22/27 | €73,663 | €59,722 | -€13,941 | -18.9% |
| Land and buildings | 22 | €1,399 | €1,251 | -€148 | -10.6% |
| Plant, machinery and equipment | 23 | €1,977 | €2,794 | +€817 | +41.3% |
| Furniture and vehicles | 24 | €70,288 | €55,678 | -€14,610 | -20.8% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €906,243 | €683,216 | -€223,027 | -24.6% |
| Amounts receivable within one year | 40/41 | €850,378 | €644,560 | -€205,818 | -24.2% |
| Trade receivables | 40 | €439,514 | €248,540 | -€190,973 | -43.5% |
| Other amounts receivable | 41 | €410,864 | €396,019 | -€14,845 | -3.6% |
| Cash at bank and in hand | 54/58 | €55,866 | €36,392 | -€19,474 | -34.9% |
| Deferred charges and accrued income | 490/1 | - | €2,265 | +€2,265 | |
| Total equity and liabilities | 10/49 | €980,357 | €743,389 | -€236,968 | -24.2% |
| Equity | 10/15 | €182,398 | €306,552 | +€124,154 | +68.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €180,398 | €304,552 | +€124,154 | +68.8% |
| Distributable reserves | 133 | €180,398 | €304,552 | +€124,154 | +68.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €797,959 | €436,836 | -€361,122 | -45.3% |
| Amounts payable after more than one year | 17 | €53,126 | €35,168 | -€17,958 | -33.8% |
| Financial debts | 170/4 | €53,126 | €35,168 | -€17,958 | -33.8% |
| Amounts payable within one year | 42/48 | €744,833 | €401,669 | -€343,164 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | €17,144 | €17,958 | +€814 | +4.8% |
| Trade debts | 44 | €169,180 | €231,594 | +€62,414 | +36.9% |
| Suppliers | 440/4 | €169,180 | €231,594 | +€62,414 | +36.9% |
| Advances received on contracts in progress | 46 | €415,229 | €0 | -€415,229 | -100.0% |
| Taxes, remuneration and social security | 45 | €81,960 | €139,996 | +€58,036 | +70.8% |
| Taxes | 450/3 | €78,070 | €130,131 | +€52,060 | +66.7% |
| Remuneration and social security | 454/9 | €3,890 | €9,865 | +€5,975 | +153.6% |
| Other amounts payable | 47/48 | €61,321 | €12,121 | -€49,200 | -80.2% |
| Remuneration, social security and pensions | 62 | €11,109 | €78,413 | +€67,304 | +605.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,932 | €15,596 | +€12,664 | +431.9% |
| Other operating charges | 640/8 | €6,731 | €736 | -€5,995 | -89.1% |
| Gross operating margin | 9900 | €312,142 | €262,377 | -€49,766 | -15.9% |
| Operating profit (loss) | 9901 | €291,370 | €167,632 | -€123,738 | -42.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.7% |
| Financial charges | 65/66B | €1,917 | €4,861 | +€2,944 | +153.6% |
| Recurring financial charges | 65 | €1,917 | €4,861 | +€2,944 | +153.6% |
| Profit (loss) for the period before taxes | 9903 | €289,454 | €162,771 | -€126,682 | -43.8% |
| Income taxes | 67/77 | €56,894 | €38,617 | -€18,277 | -32.1% |
| Profit (loss) for the period | 9904 | €232,560 | €124,154 | -€108,405 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €232,560 | €124,154 | -€108,405 | -46.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.