COMADBEL: 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.
COMADBEL
Largest movements
- Tangible fixed assets -€18,364
down €18,364 (-28.7%), from €63,933 to €45,569
of which Land and buildings: -€17,500
- Cash -€17,953
down €17,953 (-25.6%), from €70,205 to €52,252
mainly Trade debts (-€20,534) and Net result for the year (-€14,664)
- Receivables within one year -€3,630
down €3,630 (-69.0%), from €5,264 to €1,634
- Deferred charges and accrued income -€2,260
down €2,260 (-66.3%), from €3,411 to €1,151
- Trade debts -€20,534
down €20,534 (-89.8%), from €22,869 to €2,335
- Profit (loss) carried forward -€14,664
down €14,664 (-6.4%), from -€228,997 to -€243,661
- Other debts -€7,054
down €7,054 (-5.2%), from €134,778 to €127,724
- Depreciation -€53,850
down €53,850 (-74.6%), from €72,214 to €18,364
- Gross operating margin -€47,552
down €47,552 (-86.8%), from €54,795 to €7,243
- Other operating charges -€2,902
down €2,902 (-48.5%), from €5,984 to €3,082
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 | €142,812 | €100,605 | -€42,207 | -29.6% |
| Fixed assets | 21/28 | €63,933 | €45,569 | -€18,364 | -28.7% |
| Tangible fixed assets | 22/27 | €63,933 | €45,569 | -€18,364 | -28.7% |
| Land and buildings | 22 | €35,000 | €17,500 | -€17,500 | -50.0% |
| Plant, machinery and equipment | 23 | €28,933 | €28,069 | -€864 | -3.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €78,879 | €55,036 | -€23,843 | -30.2% |
| Amounts receivable within one year | 40/41 | €5,264 | €1,634 | -€3,630 | -69.0% |
| Trade receivables | 40 | €5,264 | €1,634 | -€3,630 | -69.0% |
| Cash at bank and in hand | 54/58 | €70,205 | €52,252 | -€17,953 | -25.6% |
| Deferred charges and accrued income | 490/1 | €3,411 | €1,151 | -€2,260 | -66.3% |
| Total equity and liabilities | 10/49 | €142,812 | €100,605 | -€42,207 | -29.6% |
| Equity | 10/15 | -€15,812 | -€30,476 | -€14,664 | -92.7% |
| Contributions | 10/11 | €62,550 | €62,550 | = | 0.0% |
| Reserves | 13 | €150,635 | €150,635 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,210 | €4,210 | = | 0.0% |
| Distributable reserves | 133 | €146,426 | €146,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,997 | -€243,661 | -€14,664 | -6.4% |
| Amounts payable | 17/49 | €158,624 | €131,081 | -€27,543 | -17.4% |
| Amounts payable within one year | 42/48 | €158,624 | €131,081 | -€27,543 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €22,869 | €2,335 | -€20,534 | -89.8% |
| Suppliers | 440/4 | €22,869 | €2,335 | -€20,534 | -89.8% |
| Taxes, remuneration and social security | 45 | €978 | €1,022 | +€44 | +4.5% |
| Taxes | 450/3 | €978 | €1,022 | +€44 | +4.5% |
| Other amounts payable | 47/48 | €134,778 | €127,724 | -€7,054 | -5.2% |
| Non-recurring operating income | 76A | €67,104 | €0 | -€67,104 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,214 | €18,364 | -€53,850 | -74.6% |
| Other operating charges | 640/8 | €5,984 | €3,082 | -€2,902 | -48.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €54,795 | €7,243 | -€47,552 | -86.8% |
| Operating profit (loss) | 9901 | -€23,402 | -€14,203 | +€9,199 | +39.3% |
| Financial income | 75/76B | €11 | €0 | -€11 | -100% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100% |
| Financial charges | 65/66B | €542 | €320 | -€222 | -41.0% |
| Recurring financial charges | 65 | €542 | €320 | -€222 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,933 | -€14,523 | +€9,410 | +39.3% |
| Income taxes | 67/77 | €150 | €141 | -€9 | -6.1% |
| Profit (loss) for the period | 9904 | -€24,084 | -€14,664 | +€9,419 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,084 | -€14,664 | +€9,419 | +39.1% |
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.