COMALSA: what changed
Two fiscal 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.
COMALSA
Largest movements
- Receivables within one year +€7,448
up €7,448 (+58.5%), from €12,733 to €20,181
- Tangible fixed assets -€6,521
down €6,521 (-27.0%), from €24,171 to €17,651
- Cash -€5,584
down €5,584 (-81.6%), from €6,847 to €1,263
mainly Receivables within one year (-€7,448) and Debts after one year (-€6,176)
- Debts after one year -€6,176
down €6,176 (-56.6%), from €10,906 to €4,730
- Profit (loss) carried forward +€1,375
up €1,375 (+5.2%), from €26,264 to €27,639
- Purchases and services -€50,703
no longer reported in 2025 (was €50,703)
- Turnover -€50,072
no longer reported in 2025 (was €50,072)
- Depreciation +€6,521
new in 2025: €6,521
- Gross operating margin +€4,667
up €4,667 (+94.8%), from €4,922 to €9,589
- Other operating charges -€1,127
down €1,127 (-51.3%), from €2,199 to €1,072
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 | €43,901 | €39,245 | -€4,656 | -10.6% |
| Fixed assets | 21/28 | €24,321 | €17,801 | -€6,521 | -26.8% |
| Tangible fixed assets | 22/27 | €24,171 | €17,651 | -€6,521 | -27.0% |
| Furniture and vehicles | 24 | €24,171 | €17,651 | -€6,521 | -27.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €19,580 | €21,444 | +€1,864 | +9.5% |
| Amounts receivable within one year | 40/41 | €12,733 | €20,181 | +€7,448 | +58.5% |
| Other amounts receivable | 41 | €12,733 | €20,181 | +€7,448 | +58.5% |
| Cash at bank and in hand | 54/58 | €6,847 | €1,263 | -€5,584 | -81.6% |
| Total equity and liabilities | 10/49 | €43,901 | €39,245 | -€4,656 | -10.6% |
| Equity | 10/15 | €26,964 | €28,339 | +€1,375 | +5.1% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,264 | €27,639 | +€1,375 | +5.2% |
| Amounts payable | 17/49 | €16,937 | €10,906 | -€6,031 | -35.6% |
| Amounts payable after more than one year | 17 | €10,906 | €4,730 | -€6,176 | -56.6% |
| Financial debts | 170/4 | €10,906 | €4,730 | -€6,176 | -56.6% |
| Amounts payable within one year | 42/48 | €6,031 | €6,176 | +€145 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €6,031 | €6,176 | +€145 | +2.4% |
| Turnover | 70 | €50,072 | - | -€50,072 | |
| Goods, raw materials, services and sundry goods | 60/61 | €50,703 | - | -€50,703 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,521 | +€6,521 | |
| Other operating charges | 640/8 | €2,199 | €1,072 | -€1,127 | -51.3% |
| Gross operating margin | 9900 | €4,922 | €9,589 | +€4,667 | +94.8% |
| Operating profit (loss) | 9901 | €2,723 | €1,997 | -€726 | -26.7% |
| Financial charges | 65/66B | €637 | €526 | -€111 | -17.4% |
| Recurring financial charges | 65 | €637 | €526 | -€111 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €2,086 | €1,470 | -€615 | -29.5% |
| Income taxes | 67/77 | - | €95 | +€95 | |
| Profit (loss) for the period | 9904 | €2,086 | €1,375 | -€711 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,086 | €1,375 | -€711 | -34.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.