COMARFIN: 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.
COMARFIN
Largest movements
- Tangible fixed assets -€33,890
down €33,890 (-27.9%), from €121,524 to €87,634
of which Furniture and vehicles: -€32,093
- Cash +€21,465
up €21,465 (+34.1%), from €63,009 to €84,474
mainly Net result for the year (+€75,371) and Depreciation (+€33,890)
- Debts after one year -€32,681
down €32,681 (-36.3%), from €90,016 to €57,335
- Current portion of long-term debt +€17,109
up €17,109 (+46.4%), from €36,844 to €53,953
- Other debts +€5,000
up €5,000 (+7.1%), from €70,000 to €75,000
- Tax, wage and social debts +€2,850
up €2,850 (+5.5%), from €52,230 to €55,080
of which Taxes: +€2,872
- Gross operating margin +€12,075
up €12,075 (+5.2%), from €233,260 to €245,335
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.
Cash bridge derived
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 | €278,755 | €268,113 | -€10,642 | -3.8% |
| Fixed assets | 21/28 | €124,822 | €90,958 | -€33,864 | -27.1% |
| Tangible fixed assets | 22/27 | €121,524 | €87,634 | -€33,890 | -27.9% |
| Furniture and vehicles | 24 | €115,159 | €83,066 | -€32,093 | -27.9% |
| Other tangible fixed assets | 26 | €6,365 | €4,568 | -€1,797 | -28.2% |
| Financial fixed assets | 28 | €3,298 | €3,324 | +€26 | +0.8% |
| Current assets | 29/58 | €153,933 | €177,155 | +€23,222 | +15.1% |
| Amounts receivable within one year | 40/41 | €80,568 | €82,840 | +€2,272 | +2.8% |
| Trade receivables | 40 | €69,506 | €71,020 | +€1,514 | +2.2% |
| Other amounts receivable | 41 | €11,062 | €11,820 | +€758 | +6.9% |
| Current investments | 50/53 | €189 | €166 | -€23 | -12.2% |
| Cash at bank and in hand | 54/58 | €63,009 | €84,474 | +€21,465 | +34.1% |
| Deferred charges and accrued income | 490/1 | €10,167 | €9,675 | -€492 | -4.8% |
| Total equity and liabilities | 10/49 | €278,755 | €268,113 | -€10,642 | -3.8% |
| Equity | 10/15 | €15,861 | €16,232 | +€371 | +2.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,601 | €1,972 | +€371 | +23.2% |
| Amounts payable | 17/49 | €262,894 | €251,881 | -€11,013 | -4.2% |
| Amounts payable after more than one year | 17 | €90,016 | €57,335 | -€32,681 | -36.3% |
| Financial debts | 170/4 | €90,016 | €57,335 | -€32,681 | -36.3% |
| Amounts payable within one year | 42/48 | €170,612 | €194,252 | +€23,640 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €36,844 | €53,953 | +€17,109 | +46.4% |
| Trade debts | 44 | €11,538 | €10,219 | -€1,319 | -11.4% |
| Suppliers | 440/4 | €11,538 | €10,219 | -€1,319 | -11.4% |
| Taxes, remuneration and social security | 45 | €52,230 | €55,080 | +€2,850 | +5.5% |
| Taxes | 450/3 | €40,924 | €43,796 | +€2,872 | +7.0% |
| Remuneration and social security | 454/9 | €11,306 | €11,284 | -€22 | -0.2% |
| Other amounts payable | 47/48 | €70,000 | €75,000 | +€5,000 | +7.1% |
| Accrued charges and deferred income | 492/3 | €2,266 | €294 | -€1,972 | -87.0% |
| Non-recurring operating income | 76A | - | €5,900 | +€5,900 | |
| Remuneration, social security and pensions | 62 | €101,053 | €102,349 | +€1,296 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,709 | €33,890 | +€2,181 | +6.9% |
| Other operating charges | 640/8 | €3,577 | €3,589 | +€12 | +0.3% |
| Gross operating margin | 9900 | €233,260 | €245,335 | +€12,075 | +5.2% |
| Operating profit (loss) | 9901 | €96,921 | €105,507 | +€8,586 | +8.9% |
| Financial income | 75/76B | €536 | €116 | -€420 | -78.4% |
| Recurring financial income | 75 | €536 | €116 | -€420 | -78.4% |
| Financial charges | 65/66B | €4,885 | €4,870 | -€15 | -0.3% |
| Recurring financial charges | 65 | €4,885 | €4,870 | -€15 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €92,572 | €100,753 | +€8,181 | +8.8% |
| Income taxes | 67/77 | €23,864 | €25,382 | +€1,518 | +6.4% |
| Profit (loss) for the period | 9904 | €68,708 | €75,371 | +€6,663 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,708 | €75,371 | +€6,663 | +9.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.