COMAX INVEST: 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.
COMAX INVEST
Largest movements
- Cash -€60,213
down €60,213 (-80.5%), from €74,799 to €14,585
mainly Debts after one year (-€63,954) and Net result for the year (-€37,347)
- Tangible fixed assets -€40,514
down €40,514 (-6.0%), from €673,794 to €633,280
- Debts after one year -€63,954
down €63,954 (-18.8%), from €339,696 to €275,742
- Profit (loss) carried forward -€37,347
down €37,347 (-21.6%), from €173,180 to €135,833
- Other operating charges -€3,509
down €3,509 (-32.4%), from €10,829 to €7,320
- Depreciation +€2,211
up €2,211 (+5.8%), from €38,303 to €40,514
- Gross operating margin -€1,047
down €1,047 (-6.6%), from €15,804 to €14,757
- Financial charges -€884
down €884 (-17.0%), from €5,205 to €4,321
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.
Derived cash bridge
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 | €748,906 | €648,210 | -€100,696 | -13.4% |
| Fixed assets | 21/28 | €673,794 | €633,280 | -€40,514 | -6.0% |
| Tangible fixed assets | 22/27 | €673,794 | €633,280 | -€40,514 | -6.0% |
| Land and buildings | 22 | €673,794 | €633,280 | -€40,514 | -6.0% |
| Current assets | 29/58 | €75,111 | €14,929 | -€60,182 | -80.1% |
| Amounts receivable within one year | 40/41 | €32 | €47 | +€15 | +48.8% |
| Other amounts receivable | 41 | €32 | €47 | +€15 | +48.8% |
| Cash at bank and in hand | 54/58 | €74,799 | €14,585 | -€60,213 | -80.5% |
| Deferred charges and accrued income | 490/1 | €281 | €297 | +€16 | +5.6% |
| Total equity and liabilities | 10/49 | €748,906 | €648,210 | -€100,696 | -13.4% |
| Equity | 10/15 | €249,164 | €211,817 | -€37,347 | -15.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €13,984 | €13,984 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €7,784 | €7,784 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,180 | €135,833 | -€37,347 | -21.6% |
| Amounts payable | 17/49 | €499,742 | €436,393 | -€63,349 | -12.7% |
| Amounts payable after more than one year | 17 | €339,696 | €275,742 | -€63,954 | -18.8% |
| Financial debts | 170/4 | €339,696 | €275,742 | -€63,954 | -18.8% |
| Amounts payable within one year | 42/48 | €158,675 | €160,651 | +€1,976 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €69,977 | €65,325 | -€4,653 | -6.6% |
| Trade debts | 44 | - | €2,033 | +€2,033 | |
| Suppliers | 440/4 | - | €2,033 | +€2,033 | |
| Other amounts payable | 47/48 | €88,698 | €93,293 | +€4,595 | +5.2% |
| Accrued charges and deferred income | 492/3 | €1,370 | - | -€1,370 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,303 | €40,514 | +€2,211 | +5.8% |
| Other operating charges | 640/8 | €10,829 | €7,320 | -€3,509 | -32.4% |
| Gross operating margin | 9900 | €15,804 | €14,757 | -€1,047 | -6.6% |
| Operating profit (loss) | 9901 | -€33,328 | -€33,078 | +€251 | +0.8% |
| Financial income | 75/76B | €150 | €52 | -€98 | -65.6% |
| Recurring financial income | 75 | €150 | €52 | -€98 | -65.6% |
| Financial charges | 65/66B | €5,205 | €4,321 | -€884 | -17.0% |
| Recurring financial charges | 65 | €5,205 | €4,321 | -€884 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€38,384 | -€37,347 | +€1,037 | +2.7% |
| Income taxes | 67/77 | €25 | - | -€25 | |
| Profit (loss) for the period | 9904 | -€38,409 | -€37,347 | +€1,062 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,409 | -€37,347 | +€1,062 | +2.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.