COMANTRA: 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.
COMANTRA
Largest movements
- Cash +€207,627
up €207,627 (+817%), from €25,408 to €233,034
mainly Receivables within one year (+€140,632) and Net result for the year (+€101,996)
- Receivables within one year -€140,632
down €140,632 (-68.4%), from €205,740 to €65,107
of which Other amounts receivable: -€130,033
- Stocks and contracts +€16,430
new in 2025: €16,430
- Short-term financial debts -€125,366
down €125,366 (-100%), from €125,366 to €0
- Other debts +€93,945
up €93,945, from €0 to €93,945
- Profit (loss) carried forward +€77,117
up €77,117, from -€60,050 to €17,067
- Reserves +€24,879
up €24,879 (+4.2%), from €597,709 to €622,588
of which Distributable reserves: +€27,273
- Gross operating margin +€180,329
up €180,329, from -€49,346 to €130,983
- Taxes +€20,642
up €20,642, from -€1,633 to €19,009
- Financial charges -€1,973
down €1,973 (-23.9%), from €8,241 to €6,267
- Financial income +€1,757
up €1,757 (+42.3%), from €4,155 to €5,912
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 | €753,699 | €829,767 | +€76,067 | +10.1% |
| Fixed assets | 21/28 | €270,136 | €262,688 | -€7,448 | -2.8% |
| Tangible fixed assets | 22/27 | €270,136 | €262,688 | -€7,448 | -2.8% |
| Land and buildings | 22 | €270,136 | €262,126 | -€8,010 | -3.0% |
| Furniture and vehicles | 24 | - | €562 | +€562 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €483,563 | €567,078 | +€83,515 | +17.3% |
| Stocks and contracts in progress | 3 | - | €16,430 | +€16,430 | |
| Stocks | 30/36 | - | €16,430 | +€16,430 | |
| Amounts receivable within one year | 40/41 | €205,740 | €65,107 | -€140,632 | -68.4% |
| Trade receivables | 40 | €50,075 | €39,476 | -€10,599 | -21.2% |
| Other amounts receivable | 41 | €155,665 | €25,631 | -€130,033 | -83.5% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,408 | €233,034 | +€207,627 | +817% |
| Deferred charges and accrued income | 490/1 | €2,416 | €2,507 | +€90 | +3.7% |
| Total equity and liabilities | 10/49 | €753,699 | €829,767 | +€76,067 | +10.1% |
| Equity | 10/15 | €599,159 | €701,155 | +€101,996 | +17.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €597,709 | €622,588 | +€24,879 | +4.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,390 | €61,997 | -€2,394 | -3.7% |
| Distributable reserves | 133 | €527,169 | €554,441 | +€27,273 | +5.2% |
| Profit (loss) carried forward | 14 | -€60,050 | €17,067 | +€77,117 | |
| Provisions and deferred taxes | 16 | €21,463 | €20,666 | -€798 | -3.7% |
| Deferred taxes | 168 | €21,463 | €20,666 | -€798 | -3.7% |
| Amounts payable | 17/49 | €133,077 | €107,946 | -€25,131 | -18.9% |
| Amounts payable within one year | 42/48 | €133,077 | €107,946 | -€25,131 | -18.9% |
| Financial debts | 43 | €125,366 | €0 | -€125,366 | -100% |
| Credit institutions | 430/8 | €125,366 | €0 | -€125,366 | -100% |
| Trade debts | 44 | €285 | €3,507 | +€3,222 | +1,132% |
| Suppliers | 440/4 | €285 | €3,507 | +€3,222 | +1,132% |
| Taxes, remuneration and social security | 45 | €7,426 | €10,494 | +€3,068 | +41.3% |
| Taxes | 450/3 | €7,426 | €10,494 | +€3,068 | +41.3% |
| Other amounts payable | 47/48 | €0 | €93,945 | +€93,945 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,944 | €8,069 | +€126 | +1.6% |
| Other operating charges | 640/8 | €3,499 | €2,351 | -€1,148 | -32.8% |
| Gross operating margin | 9900 | -€49,346 | €130,983 | +€180,329 | |
| Operating profit (loss) | 9901 | -€60,789 | €120,562 | +€181,352 | |
| Financial income | 75/76B | €4,155 | €5,912 | +€1,757 | +42.3% |
| Recurring financial income | 75 | €4,155 | €5,912 | +€1,757 | +42.3% |
| Financial charges | 65/66B | €8,241 | €6,267 | -€1,973 | -23.9% |
| Recurring financial charges | 65 | €8,241 | €6,267 | -€1,973 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | -€64,875 | €120,207 | +€185,082 | |
| Transfer from deferred taxes | 780 | €798 | €798 | = | 0.0% |
| Income taxes | 67/77 | -€1,633 | €19,009 | +€20,642 | |
| Profit (loss) for the period | 9904 | -€62,444 | €101,996 | +€164,440 | |
| Transfer from tax-exempt reserves | 789 | €2,394 | €2,394 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,050 | €104,390 | +€164,440 |
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 30 October 2026 via checked.be.