Comax: 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.
What changed
Comax
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€299,868
2024 · €283,378+€16,490
Equity
€6.1m
2024 · €5.8m+€299,868
Cash
€632,304
2024 · €1.4m-€752,880
Balance sheet total
€8.6m
2024 · €9.8m-€1.2m
Largest movements
Assets
- Cash -€752,880
down €752,880 (-54.4%), from €1.4m to €632,304
mainly Trade debts (-€1.6m) and Investment in fixed assets (net) (-€238,570)
- Stocks and contracts -€469,048
down €469,048 (-10.7%), from €4.4m to €3.9m
- Receivables within one year +€202,895
up €202,895 (+9.9%), from €2.1m to €2.3m
of which Other amounts receivable: +€699,923
- Tangible fixed assets -€181,217
down €181,217 (-9.9%), from €1.8m to €1.7m
of which Plant, machinery and equipment: -€177,158
Equity and liabilities
- Trade debts -€1.6m
down €1.6m (-46.9%), from €3.4m to €1.8m
- Profit (loss) carried forward +€299,868
up €299,868 (+94.9%), from -€315,866 to -€15,998
Income statement
- Turnover +€1.2m
up €1.2m (+10.2%), from €12.1m to €13.4m
- Goods and materials +€1.0m
up €1.0m (+19.4%), from €5.3m to €6.4m
of which Change in stocks: decrease (increase): +€704,118
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.
Result 2024
€283,378
Turnover
+€1.2m
Other operating income
+€2,306
Goods and materials
-€1.0m
Services and other goods
-€71,922
Staff costs
-€15,072
Depreciation
-€80,468
Other operating charges
-€1,231
Financial income
-€11,709
Financial charges
-€2,016
Taxes
-€2,640
Result 2025
€299,868
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.
From operations
-€514,310
Investment
-€238,570
Financing
€0
Cash 2024
€1.4m
From operations (derived)
-€514,310
Net result for the year
+€299,868
Depreciation
+€414,537
Stocks and contracts
+€469,048
Receivables within one year
-€202,895
Deferred charges and accrued income
-€673
Trade debts
-€1.6m
Tax, wage and social debts
+€83,503
Other debts
+€6,943
Accrued charges and deferred income
-€9,791
Investment (derived)
-€238,570
Investment in fixed assets (net)
-€238,570
Cash 2025
€632,304
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,832,817 | €8,638,490 | -€1.2m | -12.1% |
| Fixed assets | 21/28 | €1,954,852 | €1,778,884 | -€175,967 | -9.0% |
| Tangible fixed assets | 22/27 | €1,832,119 | €1,650,902 | -€181,217 | -9.9% |
| Plant, machinery and equipment | 23 | €1,656,007 | €1,478,849 | -€177,158 | -10.7% |
| Furniture and vehicles | 24 | €176,112 | €172,053 | -€4,059 | -2.3% |
| Financial fixed assets | 28 | €122,733 | €127,983 | +€5,250 | +4.3% |
| Other financial fixed assets | 284/8 | €122,733 | €127,983 | +€5,250 | +4.3% |
| Amounts receivable and cash guarantees | 285/8 | €122,733 | €127,983 | +€5,250 | +4.3% |
| Current assets | 29/58 | €7,877,965 | €6,859,606 | -€1.0m | -12.9% |
| Stocks and contracts in progress | 3 | €4,364,903 | €3,895,855 | -€469,048 | -10.7% |
| Stocks | 30/36 | €4,364,903 | €3,895,855 | -€469,048 | -10.7% |
| Goods purchased for resale | 34 | €4,364,903 | €3,895,855 | -€469,048 | -10.7% |
| Amounts receivable within one year | 40/41 | €2,057,222 | €2,260,117 | +€202,895 | +9.9% |
| Trade receivables | 40 | €1,292,818 | €795,790 | -€497,028 | -38.4% |
| Other amounts receivable | 41 | €764,404 | €1,464,327 | +€699,923 | +91.6% |
| Cash at bank and in hand | 54/58 | €1,385,184 | €632,304 | -€752,880 | -54.4% |
| Deferred charges and accrued income | 490/1 | €70,657 | €71,330 | +€673 | +1.0% |
| Total equity and liabilities | 10/49 | €9,832,817 | €8,638,490 | -€1.2m | -12.1% |
| Equity | 10/15 | €5,768,281 | €6,068,149 | +€299,868 | +5.2% |
| Contributions | 10/11 | €6,020,647 | €6,020,647 | = | 0.0% |
| Capital | 10 | €5,935,000 | €5,935,000 | = | 0.0% |
| Issued capital | 100 | €5,935,000 | €5,935,000 | = | 0.0% |
| Outside capital | 11 | €85,647 | €85,647 | = | 0.0% |
| Share premium | 1100/10 | €85,647 | €85,647 | = | 0.0% |
| Reserves | 13 | €63,500 | €63,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €63,500 | €63,500 | = | 0.0% |
| Legal reserve | 130 | €63,500 | €63,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€315,866 | -€15,998 | +€299,868 | +94.9% |
| Amounts payable | 17/49 | €4,064,536 | €2,570,341 | -€1.5m | -36.8% |
| Amounts payable within one year | 42/48 | €3,999,469 | €2,515,065 | -€1.5m | -37.1% |
| Trade debts | 44 | €3,360,211 | €1,785,362 | -€1.6m | -46.9% |
| Suppliers | 440/4 | €3,360,211 | €1,785,362 | -€1.6m | -46.9% |
| Taxes, remuneration and social security | 45 | €598,964 | €682,466 | +€83,503 | +13.9% |
| Taxes | 450/3 | €275,145 | €346,624 | +€71,479 | +26.0% |
| Remuneration and social security | 454/9 | €323,819 | €335,842 | +€12,024 | +3.7% |
| Other amounts payable | 47/48 | €40,294 | €47,237 | +€6,943 | +17.2% |
| Accrued charges and deferred income | 492/3 | €65,067 | €55,276 | -€9,791 | -15.0% |
| Operating income | 70/76A | €12,243,161 | €13,478,724 | +€1.2m | +10.1% |
| Turnover | 70 | €12,147,093 | €13,380,350 | +€1.2m | +10.2% |
| Other operating income | 74 | €96,068 | €98,374 | +€2,306 | +2.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €11,975,214 | €13,177,921 | +€1.2m | +10.0% |
| Goods for resale, raw materials and consumables | 60 | €5,327,835 | €6,361,850 | +€1.0m | +19.4% |
| Purchases | 600/8 | €5,562,905 | €5,892,802 | +€329,897 | +5.9% |
| Change in stocks: decrease (increase) | 609 | -€235,070 | €469,048 | +€704,118 | |
| Services and other goods | 61 | €3,270,218 | €3,342,140 | +€71,922 | +2.2% |
| Remuneration, social security and pensions | 62 | €3,032,622 | €3,047,693 | +€15,072 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334,069 | €414,537 | +€80,468 | +24.1% |
| Other operating charges | 640/8 | €10,469 | €11,700 | +€1,231 | +11.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €267,947 | €300,803 | +€32,856 | +12.3% |
| Financial income | 75/76B | €30,478 | €18,769 | -€11,709 | -38.4% |
| Recurring financial income | 75 | €30,478 | €18,769 | -€11,709 | -38.4% |
| Income from current assets | 751 | €30,477 | €18,662 | -€11,815 | -38.8% |
| Other financial income | 752/9 | €1 | €107 | +€106 | +8975.4% |
| Financial charges | 65/66B | €12,212 | €14,229 | +€2,016 | +16.5% |
| Recurring financial charges | 65 | €12,212 | €14,229 | +€2,016 | +16.5% |
| Other financial charges | 652/9 | €12,212 | €14,229 | +€2,016 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €286,213 | €305,343 | +€19,131 | +6.7% |
| Income taxes | 67/77 | €2,835 | €5,475 | +€2,640 | +93.1% |
| Taxes | 670/3 | €2,835 | €5,475 | +€2,640 | +93.1% |
| Profit (loss) for the period | 9904 | €283,378 | €299,868 | +€16,490 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €283,378 | €299,868 | +€16,490 | +5.8% |
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 30 September 2026 via checked.be.