Comax Consult: 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 Consult
Largest movements
- Cash +€76,599
up €76,599 (+498.5%), from €15,365 to €91,964
- Receivables within one year +€44,122
up €44,122 (+1584.5%), from €2,785 to €46,906
- Tangible fixed assets -€8,342
down €8,342 (-5.1%), from €165,177 to €156,835
of which Land and buildings: -€7,178
- Reserves +€71,815
up €71,815 (+3861.0%), from €1,860 to €73,675
of which Tax-exempt reserves: +€73,675
- Tax, wage and social debts +€20,033
up €20,033 (+80.5%), from €24,898 to €44,931
- Trade debts +€14,147
up €14,147 (+205.2%), from €6,893 to €21,040
- Other debts +€12,750
up €12,750 (+27.3%), from €46,750 to €59,500
- Debts after one year -€11,486
down €11,486 (-13.0%), from €88,391 to €76,905
of which Financial debts: -€11,778
- Gross operating margin +€145,574
up €145,574 (+189.1%), from €77,000 to €222,574
- Taxes +€35,323
up €35,323 (+232.4%), from €15,202 to €50,525
- Depreciation +€6,366
up €6,366 (+38.2%), from €16,676 to €23,042
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,625 | €297,810 | +€112,186 | +60.4% |
| Fixed assets | 21/28 | €166,677 | €158,335 | -€8,342 | -5.0% |
| Tangible fixed assets | 22/27 | €165,177 | €156,835 | -€8,342 | -5.1% |
| Land and buildings | 22 | €128,221 | €121,043 | -€7,178 | -5.6% |
| Furniture and vehicles | 24 | €33,556 | €33,317 | -€239 | -0.7% |
| Other tangible fixed assets | 26 | €3,401 | €2,476 | -€925 | -27.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €18,948 | €139,475 | +€120,527 | +636.1% |
| Amounts receivable within one year | 40/41 | €2,785 | €46,906 | +€44,122 | +1584.5% |
| Other amounts receivable | 41 | €2,785 | €46,906 | +€44,122 | +1584.5% |
| Cash at bank and in hand | 54/58 | €15,365 | €91,964 | +€76,599 | +498.5% |
| Deferred charges and accrued income | 490/1 | €798 | €605 | -€193 | -24.2% |
| Total equity and liabilities | 10/49 | €185,625 | €297,810 | +€112,186 | +60.4% |
| Equity | 10/15 | €11,593 | €86,408 | +€74,815 | +645.3% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €73,675 | +€71,815 | +3861.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | - | €73,675 | +€73,675 | |
| Profit (loss) carried forward | 14 | €3,533 | €4,673 | +€1,140 | +32.3% |
| Amounts payable | 17/49 | €174,031 | €211,402 | +€37,371 | +21.5% |
| Amounts payable after more than one year | 17 | €88,391 | €76,905 | -€11,486 | -13.0% |
| Financial debts | 170/4 | €84,363 | €72,585 | -€11,778 | -14.0% |
| Other amounts payable | 178/9 | €4,028 | €4,320 | +€292 | +7.2% |
| Amounts payable within one year | 42/48 | €85,140 | €132,237 | +€47,097 | +55.3% |
| Current portion of amounts payable after more than one year | 42 | €6,599 | €6,766 | +€167 | +2.5% |
| Trade debts | 44 | €6,893 | €21,040 | +€14,147 | +205.2% |
| Suppliers | 440/4 | €6,893 | €21,040 | +€14,147 | +205.2% |
| Taxes, remuneration and social security | 45 | €24,898 | €44,931 | +€20,033 | +80.5% |
| Taxes | 450/3 | €24,898 | €44,931 | +€20,033 | +80.5% |
| Other amounts payable | 47/48 | €46,750 | €59,500 | +€12,750 | +27.3% |
| Accrued charges and deferred income | 492/3 | €500 | €2,260 | +€1,760 | +352.0% |
| Non-recurring operating income | 76A | €19,073 | €4,372 | -€14,701 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,676 | €23,042 | +€6,366 | +38.2% |
| Other operating charges | 640/8 | €2,303 | €1,791 | -€513 | -22.3% |
| Non-recurring operating charges | 66A | €192 | €288 | +€96 | +50.1% |
| Gross operating margin | 9900 | €77,000 | €222,574 | +€145,574 | +189.1% |
| Operating profit (loss) | 9901 | €57,829 | €197,453 | +€139,625 | +241.4% |
| Financial income | 75/76B | - | €260 | +€260 | |
| Recurring financial income | 75 | - | €260 | +€260 | |
| Financial charges | 65/66B | €1,452 | €2,373 | +€921 | +63.4% |
| Recurring financial charges | 65 | €1,452 | €2,373 | +€921 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €56,376 | €195,340 | +€138,963 | +246.5% |
| Income taxes | 67/77 | €15,202 | €50,525 | +€35,323 | +232.4% |
| Profit (loss) for the period | 9904 | €41,174 | €144,815 | +€103,641 | +251.7% |
| Transfer to tax-exempt reserves | 689 | - | €73,675 | +€73,675 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,174 | €71,140 | +€29,966 | +72.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.