COMAPEX: 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.
COMAPEX
Largest movements
- Cash -€170,398
down €170,398 (-39.5%), from €431,269 to €260,871
mainly Net result for the year (-€324,169) and Stocks and contracts (-€60,249)
- Stocks and contracts +€60,249
up €60,249 (+34.6%), from €173,904 to €234,153
- Tangible fixed assets -€41,284
down €41,284 (-11.8%), from €348,751 to €307,467
- Financial fixed assets -€33,409
down €33,409 (-96.6%), from €34,574 to €1,165
- Deferred charges and accrued income -€17,855
down €17,855 (-80.3%), from €22,232 to €4,377
- Profit (loss) carried forward -€324,169
down €324,169 (-98.9%), from €327,655 to €3,486
- Other debts +€109,689
up €109,689 (+1,098%), from €9,994 to €119,683
- Debts after one year -€51,788
down €51,788 (-34.1%), from €151,788 to €100,000
of which Other amounts payable: -€45,218
- Trade debts +€27,629
up €27,629 (+48.9%), from €56,514 to €84,143
- Tax, wage and social debts +€17,345
up €17,345 (+284%), from €6,113 to €23,457
of which Taxes: +€16,994
- Gross operating margin -€1.8m
down €1.8m, from €1.6m to -€220,653
- Staff costs -€723,753
down €723,753 (-98.3%), from €736,189 to €12,436
- Write-downs -€54,782
no longer reported in 2024 (was €54,782)
- Financial charges -€27,030
down €27,030 (-77.0%), from €35,120 to €8,090
of which Financial charges: -€24,044
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,392,645 | €1,169,333 | -€223,312 | -16.0% |
| Fixed assets | 21/28 | €383,325 | €308,632 | -€74,693 | -19.5% |
| Tangible fixed assets | 22/27 | €348,751 | €307,467 | -€41,284 | -11.8% |
| Land and buildings | 22 | €228,030 | €220,191 | -€7,839 | -3.4% |
| Plant, machinery and equipment | 23 | €67,671 | €51,505 | -€16,166 | -23.9% |
| Furniture and vehicles | 24 | €52,950 | €35,770 | -€17,180 | -32.4% |
| Other tangible fixed assets | 26 | €100 | - | -€100 | |
| Financial fixed assets | 28 | €34,574 | €1,165 | -€33,409 | -96.6% |
| Current assets | 29/58 | €1,009,320 | €860,702 | -€148,619 | -14.7% |
| Amounts receivable after more than one year | 29 | €17,221 | - | -€17,221 | |
| Other amounts receivable | 291 | €17,221 | - | -€17,221 | |
| Stocks and contracts in progress | 3 | €173,904 | €234,153 | +€60,249 | +34.6% |
| Stocks | 30/36 | €173,904 | €234,153 | +€60,249 | +34.6% |
| Amounts receivable within one year | 40/41 | €364,694 | €361,300 | -€3,394 | -0.9% |
| Trade receivables | 40 | €89,736 | €104,581 | +€14,845 | +16.5% |
| Other amounts receivable | 41 | €274,958 | €256,720 | -€18,239 | -6.6% |
| Cash at bank and in hand | 54/58 | €431,269 | €260,871 | -€170,398 | -39.5% |
| Deferred charges and accrued income | 490/1 | €22,232 | €4,377 | -€17,855 | -80.3% |
| Total equity and liabilities | 10/49 | €1,392,645 | €1,169,333 | -€223,312 | -16.0% |
| Equity | 10/15 | €1,140,006 | €815,837 | -€324,169 | -28.4% |
| Contributions | 10/11 | €423,000 | €423,000 | = | 0.0% |
| Capital | 10 | €423,000 | €423,000 | = | 0.0% |
| Issued capital | 100 | €423,000 | €423,000 | = | 0.0% |
| Reserves | 13 | €389,351 | €389,351 | = | 0.0% |
| Non-distributable reserves | 130/1 | €42,300 | €42,300 | = | 0.0% |
| Legal reserve | 130 | €42,300 | €42,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €347,051 | €347,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | €327,655 | €3,486 | -€324,169 | -98.9% |
| Provisions and deferred taxes | 16 | €5,000 | - | -€5,000 | |
| Provisions for liabilities and charges | 160/5 | €5,000 | - | -€5,000 | |
| Environmental obligations | 163 | €5,000 | - | -€5,000 | |
| Amounts payable | 17/49 | €247,640 | €353,496 | +€105,857 | +42.7% |
| Amounts payable after more than one year | 17 | €151,788 | €100,000 | -€51,788 | -34.1% |
| Financial debts | 170/4 | €6,570 | - | -€6,570 | |
| Other amounts payable | 178/9 | €145,218 | €100,000 | -€45,218 | -31.1% |
| Amounts payable within one year | 42/48 | €81,309 | €233,879 | +€152,570 | +188% |
| Current portion of amounts payable after more than one year | 42 | €8,689 | €6,595 | -€2,094 | -24.1% |
| Trade debts | 44 | €56,514 | €84,143 | +€27,629 | +48.9% |
| Suppliers | 440/4 | €56,514 | €84,143 | +€27,629 | +48.9% |
| Taxes, remuneration and social security | 45 | €6,113 | €23,457 | +€17,345 | +284% |
| Taxes | 450/3 | €1,219 | €18,213 | +€16,994 | +1,394% |
| Remuneration and social security | 454/9 | €4,893 | €5,244 | +€351 | +7.2% |
| Other amounts payable | 47/48 | €9,994 | €119,683 | +€109,689 | +1,098% |
| Accrued charges and deferred income | 492/3 | €14,543 | €19,618 | +€5,075 | +34.9% |
| Non-recurring operating income | 76A | €22,498 | - | -€22,498 | |
| Remuneration, social security and pensions | 62 | €736,189 | €12,436 | -€723,753 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,316 | €44,100 | -€216 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €54,782 | - | -€54,782 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,000 | -€5,000 | -€10,000 | |
| Other operating charges | 640/8 | €6,632 | €16,851 | +€10,219 | +154% |
| Non-recurring operating charges | 66A | €8,921 | €26,673 | +€17,751 | +199% |
| Gross operating margin | 9900 | €1,622,767 | -€220,653 | -€1.8m | |
| Operating profit (loss) | 9901 | €766,927 | -€315,713 | -€1.1m | |
| Financial income | 75/76B | €2,088 | €554 | -€1,534 | -73.5% |
| Recurring financial income | 75 | €2,088 | €554 | -€1,534 | -73.5% |
| Financial charges | 65/66B | €35,120 | €8,090 | -€27,030 | -77.0% |
| Recurring financial charges | 65 | €32,134 | €8,090 | -€24,044 | -74.8% |
| Non-recurring financial charges | 66B | €2,986 | - | -€2,986 | |
| Profit (loss) for the period before taxes | 9903 | €733,894 | -€323,249 | -€1.1m | |
| Income taxes | 67/77 | €307 | €920 | +€613 | +199% |
| Profit (loss) for the period | 9904 | €733,587 | -€324,169 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €733,587 | -€324,169 | -€1.1m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.