CoMaFo: 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.
CoMaFo
Largest movements
- Tangible fixed assets +€48,880
up €48,880 (+5294.8%), from €923 to €49,803
of which Furniture and vehicles: +€37,274
- Receivables within one year -€7,671
down €7,671 (-94.6%), from €8,105 to €434
- Intangible fixed assets -€6,500
down €6,500 (-50.0%), from €13,000 to €6,500
- Cash +€3,070
up €3,070 (+64.3%), from €4,776 to €7,846
mainly Debts after one year (+€27,510) and Depreciation (+€16,061)
- Deferred charges and accrued income +€1,288
up €1,288 (+421.7%), from €306 to €1,594
- Debts after one year +€27,510
new in 2025: €27,510
- Current portion of long-term debt +€12,101
new in 2025: €12,101
- Tax, wage and social debts -€6,240
down €6,240 (-71.7%), from €8,698 to €2,458
- Profit (loss) carried forward +€5,094
up €5,094 (+57.8%), from -€8,810 to -€3,716
- Trade debts +€1,017
up €1,017 (+677.7%), from €150 to €1,167
- Gross operating margin +€14,654
up €14,654 (+167.9%), from €8,725 to €23,379
- Depreciation +€9,244
up €9,244 (+135.6%), from €6,817 to €16,061
- Financial income +€1,675
new in 2025: €1,675
of which Financial income: +€1,675
- Financial charges +€1,257
up €1,257 (+819.9%), from €153 to €1,410
- Taxes +€874
up €874 (+62.3%), from €1,403 to €2,277
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.
Cash bridge derived
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 | €27,149 | €66,217 | +€39,068 | +143.9% |
| Fixed assets | 21/28 | €13,963 | €56,343 | +€42,380 | +303.5% |
| Intangible fixed assets | 21 | €13,000 | €6,500 | -€6,500 | -50.0% |
| Tangible fixed assets | 22/27 | €923 | €49,803 | +€48,880 | +5294.8% |
| Land and buildings | 22 | €521 | €419 | -€102 | -19.6% |
| Plant, machinery and equipment | 23 | - | €11,708 | +€11,708 | |
| Furniture and vehicles | 24 | €402 | €37,676 | +€37,274 | +9266.1% |
| Financial fixed assets | 28 | €40 | €40 | +€0 | +0.3% |
| Current assets | 29/58 | €13,186 | €9,874 | -€3,312 | -25.1% |
| Amounts receivable within one year | 40/41 | €8,105 | €434 | -€7,671 | -94.6% |
| Trade receivables | 40 | €8,105 | €434 | -€7,671 | -94.6% |
| Cash at bank and in hand | 54/58 | €4,776 | €7,846 | +€3,070 | +64.3% |
| Deferred charges and accrued income | 490/1 | €306 | €1,594 | +€1,288 | +421.7% |
| Total equity and liabilities | 10/49 | €27,149 | €66,217 | +€39,068 | +143.9% |
| Equity | 10/15 | €9,791 | €14,884 | +€5,094 | +52.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,810 | -€3,716 | +€5,094 | +57.8% |
| Amounts payable | 17/49 | €17,358 | €51,333 | +€33,975 | +195.7% |
| Amounts payable after more than one year | 17 | - | €27,510 | +€27,510 | |
| Financial debts | 170/4 | - | €27,510 | +€27,510 | |
| Amounts payable within one year | 42/48 | €17,358 | €23,823 | +€6,465 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | - | €12,101 | +€12,101 | |
| Trade debts | 44 | €150 | €1,167 | +€1,017 | +677.7% |
| Suppliers | 440/4 | €150 | €1,167 | +€1,017 | +677.7% |
| Taxes, remuneration and social security | 45 | €8,698 | €2,458 | -€6,240 | -71.7% |
| Taxes | 450/3 | €8,698 | €2,458 | -€6,240 | -71.7% |
| Other amounts payable | 47/48 | €8,510 | €8,097 | -€413 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,817 | €16,061 | +€9,244 | +135.6% |
| Other operating charges | 640/8 | €233 | €213 | -€20 | -8.7% |
| Gross operating margin | 9900 | €8,725 | €23,379 | +€14,654 | +167.9% |
| Operating profit (loss) | 9901 | €1,675 | €7,105 | +€5,430 | +324.2% |
| Financial income | 75/76B | - | €1,675 | +€1,675 | |
| Recurring financial income | 75 | - | €1,675 | +€1,675 | |
| Non-recurring financial income | 76B | - | €1,675 | +€1,675 | |
| Financial charges | 65/66B | €153 | €1,410 | +€1,257 | +819.9% |
| Recurring financial charges | 65 | €153 | €1,410 | +€1,257 | +819.9% |
| Profit (loss) for the period before taxes | 9903 | €1,522 | €7,370 | +€5,848 | +384.3% |
| Income taxes | 67/77 | €1,403 | €2,277 | +€874 | +62.3% |
| Profit (loss) for the period | 9904 | €119 | €5,093 | +€4,974 | +4178.0% |
| Profit (loss) for the period to be appropriated | 9905 | €119 | €5,093 | +€4,974 | +4178.0% |
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 9 October 2026 via checked.be.