COMAD: 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.
COMAD
Largest movements
- Tangible fixed assets -€2,264
down €2,264 (-3.2%), from €70,962 to €68,698
- Debts -€1,982
down €1,982 (-8.0%), from €24,709 to €22,727
- Profit (loss) carried forward -€914
down €914 (-2.1%), from -€44,194 to -€45,108
- Taxes -€19,871
no longer reported in 2011 (was €19,871)
- Gross operating margin +€3,303
up €3,303 (+103%), from €3,203 to €6,506
- Depreciation -€168
down €168 (-6.9%), from €2,432 to €2,264
From the 2010 result to the 2011 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2010 | 2011 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,005 | €69,109 | -€2,896 | -4.0% |
| Fixed assets | 21/28 | €70,962 | €68,698 | -€2,264 | -3.2% |
| Tangible fixed assets | 22/27 | €70,962 | €68,698 | -€2,264 | -3.2% |
| Current assets | 29/58 | €1,043 | €411 | -€632 | -60.6% |
| Cash at bank and in hand | 54/58 | €60 | €411 | +€351 | +585% |
| Total equity and liabilities | 10/49 | €72,005 | €69,109 | -€2,896 | -4.0% |
| Equity | 10/15 | €47,296 | €46,382 | -€914 | -1.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €60,503 | €60,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,194 | -€45,108 | -€914 | -2.1% |
| Amounts payable | 17/49 | €24,709 | €22,727 | -€1,982 | -8.0% |
| Amounts payable within one year | 42/48 | €24,709 | €22,579 | -€2,130 | -8.6% |
| Trade debts | 44 | €218 | €329 | +€111 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,432 | €2,264 | -€168 | -6.9% |
| Gross operating margin | 9900 | €3,203 | €6,506 | +€3,303 | +103% |
| Operating profit (loss) | 9901 | -€1,671 | -€889 | +€782 | +46.8% |
| Recurring financial income | 75 | €12 | €11 | -€1 | -8.3% |
| Recurring financial charges | 65 | €19 | €36 | +€17 | +89.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,678 | -€914 | +€764 | +45.5% |
| Income taxes | 67/77 | €19,871 | - | -€19,871 | |
| Profit (loss) for the period | 9904 | -€21,549 | -€914 | +€20,635 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,549 | -€914 | +€20,635 | +95.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2010 and 31 December 2011. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.