COMANCO: 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.
COMANCO
Largest movements
- Cash +€72,062
up €72,062 (+69.0%), from €104,373 to €176,435
mainly Other debts (+€75,249) and Net result for the year (+€48,924)
- Receivables within one year -€3,832
down €3,832 (-22.0%), from €17,394 to €13,562
of which Trade receivables: -€2,825
- Deferred charges and accrued income -€3,578
down €3,578 (-70.6%), from €5,070 to €1,493
- Other debts +€75,249
up €75,249 (+52784.2%), from €143 to €75,392
- Reserves -€25,076
down €25,076 (-22.6%), from €110,929 to €85,854
of which Distributable reserves: -€25,076
- Tax, wage and social debts +€9,435
up €9,435 (+78.5%), from €12,013 to €21,448
of which Taxes: +€6,760
- Trade debts +€3,761
up €3,761 (+211.7%), from €1,777 to €5,537
- Depreciation -€9,834
down €9,834 (-88.5%), from €11,117 to €1,283
- Taxes -€8,784
down €8,784 (-42.6%), from €20,635 to €11,852
- Gross operating margin -€3,799
down €3,799 (-5.7%), from €66,496 to €62,697
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 | €143,461 | €206,831 | +€63,369 | +44.2% |
| Fixed assets | 21/28 | €16,624 | €15,340 | -€1,283 | -7.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €16,624 | €15,340 | -€1,283 | -7.7% |
| Land and buildings | 22 | €16,624 | €15,340 | -€1,283 | -7.7% |
| Current assets | 29/58 | €126,838 | €191,491 | +€64,653 | +51.0% |
| Amounts receivable within one year | 40/41 | €17,394 | €13,562 | -€3,832 | -22.0% |
| Trade receivables | 40 | €11,745 | €8,920 | -€2,825 | -24.1% |
| Other amounts receivable | 41 | €5,649 | €4,642 | -€1,007 | -17.8% |
| Cash at bank and in hand | 54/58 | €104,373 | €176,435 | +€72,062 | +69.0% |
| Deferred charges and accrued income | 490/1 | €5,070 | €1,493 | -€3,578 | -70.6% |
| Total equity and liabilities | 10/49 | €143,461 | €206,831 | +€63,369 | +44.2% |
| Equity | 10/15 | €129,529 | €104,454 | -€25,076 | -19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,929 | €85,854 | -€25,076 | -22.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €109,069 | €83,994 | -€25,076 | -23.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €13,932 | €102,377 | +€88,445 | +634.8% |
| Amounts payable within one year | 42/48 | €13,932 | €102,377 | +€88,445 | +634.8% |
| Trade debts | 44 | €1,777 | €5,537 | +€3,761 | +211.7% |
| Suppliers | 440/4 | €1,777 | €5,537 | +€3,761 | +211.7% |
| Taxes, remuneration and social security | 45 | €12,013 | €21,448 | +€9,435 | +78.5% |
| Taxes | 450/3 | €12,013 | €18,773 | +€6,760 | +56.3% |
| Remuneration and social security | 454/9 | - | €2,675 | +€2,675 | |
| Other amounts payable | 47/48 | €143 | €75,392 | +€75,249 | +52784.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,117 | €1,283 | -€9,834 | -88.5% |
| Other operating charges | 640/8 | €1,173 | €1,178 | +€5 | +0.4% |
| Gross operating margin | 9900 | €66,496 | €62,697 | -€3,799 | -5.7% |
| Operating profit (loss) | 9901 | €54,206 | €60,236 | +€6,030 | +11.1% |
| Financial income | 75/76B | €612 | €801 | +€189 | +30.9% |
| Recurring financial income | 75 | €612 | €801 | +€189 | +30.9% |
| Financial charges | 65/66B | €259 | €261 | +€3 | +1.1% |
| Recurring financial charges | 65 | €259 | €261 | +€3 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €54,560 | €60,776 | +€6,216 | +11.4% |
| Income taxes | 67/77 | €20,635 | €11,852 | -€8,784 | -42.6% |
| Profit (loss) for the period | 9904 | €33,924 | €48,924 | +€15,000 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,924 | €48,924 | +€15,000 | +44.2% |
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 12 October 2026 via checked.be.