COMADIS: 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.
COMADIS
Largest movements
- Cash +€308,964
up €308,964 (+97.2%), from €317,984 to €626,948
mainly Net result for the year (+€262,967) and Investment in fixed assets (net) (+€99,576)
- Tangible fixed assets -€115,380
down €115,380 (-70.4%), from €163,873 to €48,493
of which Land and buildings: -€99,576
- Receivables after one year -€28,704
down €28,704 (-13.2%), from €216,644 to €187,940
- Reserves +€220,110
up €220,110 (+74.7%), from €294,495 to €514,605
of which Distributable reserves: +€220,110
- Other debts -€27,530
down €27,530 (-12.8%), from €214,436 to €186,906
- Debts after one year -€20,402
down €20,402 (-47.6%), from €42,835 to €22,434
- Gross operating margin +€301,080
up €301,080 (+470%), from €63,994 to €365,074
- Taxes +€77,696
up €77,696 (+1,078%), from €7,208 to €84,905
- Depreciation -€6,283
down €6,283 (-28.4%), from €22,087 to €15,804
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 | €716,060 | €881,840 | +€165,780 | +23.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €163,873 | €48,493 | -€115,380 | -70.4% |
| Tangible fixed assets | 22/27 | €163,873 | €48,493 | -€115,380 | -70.4% |
| Land and buildings | 22 | €99,576 | - | -€99,576 | |
| Leasing and similar rights | 25 | €64,297 | €48,493 | -€15,804 | -24.6% |
| Current assets | 29/58 | €552,187 | €833,347 | +€281,160 | +50.9% |
| Amounts receivable after more than one year | 29 | €216,644 | €187,940 | -€28,704 | -13.2% |
| Trade receivables | 290 | €216,644 | €187,940 | -€28,704 | -13.2% |
| Amounts receivable within one year | 40/41 | €14,802 | €15,583 | +€782 | +5.3% |
| Trade receivables | 40 | €12,000 | €12,960 | +€960 | +8.0% |
| Other amounts receivable | 41 | €2,802 | €2,623 | -€179 | -6.4% |
| Cash at bank and in hand | 54/58 | €317,984 | €626,948 | +€308,964 | +97.2% |
| Deferred charges and accrued income | 490/1 | €2,758 | €2,876 | +€118 | +4.3% |
| Total equity and liabilities | 10/49 | €716,060 | €881,840 | +€165,780 | +23.2% |
| Equity | 10/15 | €418,445 | €638,555 | +€220,110 | +52.6% |
| Contributions | 10/11 | €123,950 | €123,950 | = | 0.0% |
| Capital | 10 | €123,950 | €123,950 | = | 0.0% |
| Issued capital | 100 | €123,950 | €123,950 | = | 0.0% |
| Reserves | 13 | €294,495 | €514,605 | +€220,110 | +74.7% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,798 | €2,798 | = | 0.0% |
| Distributable reserves | 133 | €279,302 | €499,412 | +€220,110 | +78.8% |
| Amounts payable | 17/49 | €297,615 | €243,285 | -€54,330 | -18.3% |
| Amounts payable after more than one year | 17 | €42,835 | €22,434 | -€20,402 | -47.6% |
| Financial debts | 170/4 | €42,835 | €22,434 | -€20,402 | -47.6% |
| Amounts payable within one year | 42/48 | €254,023 | €220,825 | -€33,198 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €19,000 | €20,000 | +€1,000 | +5.3% |
| Trade debts | 44 | €1,946 | €840 | -€1,107 | -56.9% |
| Suppliers | 440/4 | €1,946 | €840 | -€1,107 | -56.9% |
| Taxes, remuneration and social security | 45 | €18,641 | €13,079 | -€5,562 | -29.8% |
| Taxes | 450/3 | €18,641 | €13,079 | -€5,562 | -29.8% |
| Other amounts payable | 47/48 | €214,436 | €186,906 | -€27,530 | -12.8% |
| Accrued charges and deferred income | 492/3 | €756 | €26 | -€730 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,087 | €15,804 | -€6,283 | -28.4% |
| Other operating charges | 640/8 | €4,433 | €2,575 | -€1,858 | -41.9% |
| Non-recurring operating charges | 66A | €7,365 | €80 | -€7,285 | -98.9% |
| Gross operating margin | 9900 | €63,994 | €365,074 | +€301,080 | +470% |
| Operating profit (loss) | 9901 | €30,109 | €346,615 | +€316,506 | +1,051% |
| Financial income | 75/76B | €5,731 | €5,031 | -€700 | -12.2% |
| Recurring financial income | 75 | €5,731 | €5,031 | -€700 | -12.2% |
| Financial charges | 65/66B | €5,134 | €3,774 | -€1,360 | -26.5% |
| Recurring financial charges | 65 | €5,134 | €3,774 | -€1,360 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €30,706 | €347,872 | +€317,166 | +1,033% |
| Income taxes | 67/77 | €7,208 | €84,905 | +€77,696 | +1,078% |
| Profit (loss) for the period | 9904 | €23,498 | €262,967 | +€239,469 | +1,019% |
| Profit (loss) for the period to be appropriated | 9905 | €23,498 | €262,967 | +€239,469 | +1,019% |
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 28 October 2026 via checked.be.