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.
COMAX
Largest movements
- Tangible fixed assets -€22,484
down €22,484 (-1.5%), from €1.5m to €1.5m
- Profit (loss) carried forward -€37,120
down €37,120 (-11.2%), from -€330,597 to -€367,717
- Other debts +€27,122
up €27,122 (+12.8%), from €211,700 to €238,822
- Debts after one year -€19,288
down €19,288 (-14.9%), from €129,812 to €110,523
- Gross operating margin -€2,773
down €2,773 (-14.7%), from €18,862 to €16,089
- Other operating charges -€1,786
down €1,786 (-6.1%), from €29,175 to €27,388
- Financial charges +€1,040
up €1,040 (+45.3%), from €2,296 to €3,337
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 | €1,852,754 | €1,823,896 | -€28,858 | -1.6% |
| Fixed assets | 21/28 | €1,474,876 | €1,452,392 | -€22,484 | -1.5% |
| Tangible fixed assets | 22/27 | €1,474,876 | €1,452,392 | -€22,484 | -1.5% |
| Land and buildings | 22 | €1,474,876 | €1,452,392 | -€22,484 | -1.5% |
| Current assets | 29/58 | €377,878 | €371,504 | -€6,374 | -1.7% |
| Cash at bank and in hand | 54/58 | €26,032 | €19,658 | -€6,374 | -24.5% |
| Deferred charges and accrued income | 490/1 | €351,846 | €351,846 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,852,754 | €1,823,896 | -€28,858 | -1.6% |
| Equity | 10/15 | €1,318,635 | €1,281,515 | -€37,120 | -2.8% |
| Contributions | 10/11 | €1,642,616 | €1,642,616 | = | 0.0% |
| Reserves | 13 | €6,617 | €6,617 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,418 | €1,418 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,418 | €1,418 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,198 | €5,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€330,597 | -€367,717 | -€37,120 | -11.2% |
| Amounts payable | 17/49 | €534,118 | €542,380 | +€8,262 | +1.5% |
| Amounts payable after more than one year | 17 | €129,812 | €110,523 | -€19,288 | -14.9% |
| Financial debts | 170/4 | €129,812 | €110,523 | -€19,288 | -14.9% |
| Amounts payable within one year | 42/48 | €230,559 | €258,110 | +€27,550 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €18,859 | €19,288 | +€429 | +2.3% |
| Other amounts payable | 47/48 | €211,700 | €238,822 | +€27,122 | +12.8% |
| Accrued charges and deferred income | 492/3 | €173,747 | €173,747 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,484 | €22,484 | = | 0.0% |
| Other operating charges | 640/8 | €29,175 | €27,388 | -€1,786 | -6.1% |
| Gross operating margin | 9900 | €18,862 | €16,089 | -€2,773 | -14.7% |
| Operating profit (loss) | 9901 | -€32,797 | -€33,783 | -€987 | -3.0% |
| Financial charges | 65/66B | €2,296 | €3,337 | +€1,040 | +45.3% |
| Recurring financial charges | 65 | €2,296 | €3,337 | +€1,040 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | -€35,093 | -€37,120 | -€2,027 | -5.8% |
| Profit (loss) for the period | 9904 | -€35,093 | -€37,120 | -€2,027 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,093 | -€37,120 | -€2,027 | -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.