COMADAZA: 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.
COMADAZA
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+54.4%), from €2.0m to €3.0m
of which Land and buildings: +€949,185
- Cash -€71,862
down €71,862 (-40.7%), from €176,379 to €104,517
mainly Investment in fixed assets (net) (-€1.4m) and Debts after one year (-€73,178)
- Receivables within one year -€36,692
down €36,692 (-54.4%), from €67,416 to €30,724
of which Trade receivables: -€26,841
- Other debts +€546,317
up €546,317 (+65.6%), from €833,002 to €1.4m
- Trade debts +€230,027
up €230,027 (+356%), from €64,696 to €294,723
- Profit (loss) carried forward +€190,605
up €190,605, from -€50,373 to €140,231
- Debts after one year -€73,178
down €73,178 (-6.9%), from €1.1m to €982,287
- Current portion of long-term debt +€55,172
up €55,172 (+153%), from €36,094 to €91,266
- Gross operating margin +€227,725
up €227,725 (+46.6%), from €489,005 to €716,731
- Staff costs +€168,588
up €168,588 (+1,793%), from €9,404 to €177,991
- Depreciation +€121,990
up €121,990 (+64.4%), from €189,442 to €311,432
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.
Derived cash bridge
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 | €2,224,424 | €3,188,945 | +€964,521 | +43.4% |
| Fixed assets | 21/28 | €1,976,250 | €3,046,842 | +€1.1m | +54.2% |
| Tangible fixed assets | 22/27 | €1,968,250 | €3,038,842 | +€1.1m | +54.4% |
| Land and buildings | 22 | €1,854,976 | €2,804,161 | +€949,185 | +51.2% |
| Plant, machinery and equipment | 23 | €93,239 | €194,212 | +€100,973 | +108% |
| Furniture and vehicles | 24 | €20,035 | €40,469 | +€20,434 | +102% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €248,174 | €142,103 | -€106,070 | -42.7% |
| Amounts receivable within one year | 40/41 | €67,416 | €30,724 | -€36,692 | -54.4% |
| Trade receivables | 40 | €42,641 | €15,800 | -€26,841 | -62.9% |
| Other amounts receivable | 41 | €24,775 | €14,924 | -€9,851 | -39.8% |
| Current investments | 50/53 | €3,099 | €3,099 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €176,379 | €104,517 | -€71,862 | -40.7% |
| Deferred charges and accrued income | 490/1 | €1,280 | €3,764 | +€2,484 | +194% |
| Total equity and liabilities | 10/49 | €2,224,424 | €3,188,945 | +€964,521 | +43.4% |
| Equity | 10/15 | €235,053 | €425,657 | +€190,605 | +81.1% |
| Contributions | 10/11 | €59,572 | €59,572 | = | 0.0% |
| Reserves | 13 | €225,854 | €225,854 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,872 | €17,872 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,872 | €17,872 | = | 0.0% |
| Tax-exempt reserves | 132 | €207,982 | €207,982 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,373 | €140,231 | +€190,605 | |
| Amounts payable | 17/49 | €1,989,371 | €2,763,288 | +€773,917 | +38.9% |
| Amounts payable after more than one year | 17 | €1,055,465 | €982,287 | -€73,178 | -6.9% |
| Financial debts | 170/4 | €1,055,465 | €982,287 | -€73,178 | -6.9% |
| Amounts payable within one year | 42/48 | €933,907 | €1,781,001 | +€847,095 | +90.7% |
| Current portion of amounts payable after more than one year | 42 | €36,094 | €91,266 | +€55,172 | +153% |
| Trade debts | 44 | €64,696 | €294,723 | +€230,027 | +356% |
| Suppliers | 440/4 | €64,696 | €294,723 | +€230,027 | +356% |
| Advances received on contracts in progress | 46 | - | €3,130 | +€3,130 | |
| Taxes, remuneration and social security | 45 | €115 | €12,564 | +€12,449 | +10,864% |
| Taxes | 450/3 | €115 | €1,057 | +€942 | +822% |
| Remuneration and social security | 454/9 | €0 | €11,507 | +€11,507 | |
| Other amounts payable | 47/48 | €833,002 | €1,379,319 | +€546,317 | +65.6% |
| Remuneration, social security and pensions | 62 | €9,404 | €177,991 | +€168,588 | +1,793% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,442 | €311,432 | +€121,990 | +64.4% |
| Other operating charges | 640/8 | €12,899 | €12,933 | +€34 | +0.3% |
| Non-recurring operating charges | 66A | €19,739 | €933 | -€18,806 | -95.3% |
| Gross operating margin | 9900 | €489,005 | €716,731 | +€227,725 | +46.6% |
| Operating profit (loss) | 9901 | €257,521 | €213,441 | -€44,080 | -17.1% |
| Financial income | 75/76B | €0 | €2,509 | +€2,509 | |
| Recurring financial income | 75 | €0 | €1,897 | +€1,897 | |
| Non-recurring financial income | 76B | - | €612 | +€612 | |
| Financial charges | 65/66B | €21,691 | €25,202 | +€3,511 | +16.2% |
| Recurring financial charges | 65 | €21,691 | €25,202 | +€3,511 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €235,830 | €190,748 | -€45,081 | -19.1% |
| Income taxes | 67/77 | €115 | €144 | +€29 | +25.6% |
| Profit (loss) for the period | 9904 | €235,715 | €190,605 | -€45,111 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €235,715 | €190,605 | -€45,111 | -19.1% |
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 14 October 2026 via checked.be.