COMAXIA: 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.
COMAXIA
Largest movements
- Cash -€58,246
down €58,246 (-49.3%), from €118,265 to €60,019
mainly Contributions, distributions and other (-€84,179) and Other debts (-€41,397)
- Tangible fixed assets -€10,229
down €10,229 (-27.9%), from €36,676 to €26,447
- Receivables within one year -€9,734
down €9,734 (-33.6%), from €28,995 to €19,261
of which Trade receivables: -€9,486
- Other debts -€41,397
down €41,397 (-33.0%), from €125,576 to €84,179
- Tax, wage and social debts -€25,309
down €25,309 (-60.6%), from €41,775 to €16,467
- Current portion of long-term debt -€9,699
down €9,699 (-91.4%), from €10,606 to €908
- Gross operating margin -€14,564
down €14,564 (-10.5%), from €138,358 to €123,793
- Taxes -€3,424
down €3,424 (-12.9%), from €26,602 to €23,178
- Depreciation -€1,477
down €1,477 (-9.3%), from €15,888 to €14,411
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 | €183,936 | €107,074 | -€76,862 | -41.8% |
| Fixed assets | 21/28 | €36,676 | €26,447 | -€10,229 | -27.9% |
| Tangible fixed assets | 22/27 | €36,676 | €26,447 | -€10,229 | -27.9% |
| Furniture and vehicles | 24 | €36,676 | €26,447 | -€10,229 | -27.9% |
| Current assets | 29/58 | €147,260 | €80,627 | -€66,633 | -45.2% |
| Amounts receivable within one year | 40/41 | €28,995 | €19,261 | -€9,734 | -33.6% |
| Trade receivables | 40 | €18,967 | €9,481 | -€9,486 | -50.0% |
| Other amounts receivable | 41 | €10,029 | €9,780 | -€248 | -2.5% |
| Cash at bank and in hand | 54/58 | €118,265 | €60,019 | -€58,246 | -49.3% |
| Deferred charges and accrued income | 490/1 | - | €1,347 | +€1,347 | |
| Total equity and liabilities | 10/49 | €183,936 | €107,074 | -€76,862 | -41.8% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €178,936 | €102,074 | -€76,862 | -43.0% |
| Amounts payable after more than one year | 17 | €908 | - | -€908 | |
| Financial debts | 170/4 | €908 | - | -€908 | |
| Amounts payable within one year | 42/48 | €178,029 | €102,074 | -€75,955 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €10,606 | €908 | -€9,699 | -91.4% |
| Trade debts | 44 | €70 | €520 | +€450 | +638.7% |
| Suppliers | 440/4 | €70 | €520 | +€450 | +638.7% |
| Taxes, remuneration and social security | 45 | €41,775 | €16,467 | -€25,309 | -60.6% |
| Taxes | 450/3 | €41,775 | €16,467 | -€25,309 | -60.6% |
| Other amounts payable | 47/48 | €125,576 | €84,179 | -€41,397 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,888 | €14,411 | -€1,477 | -9.3% |
| Other operating charges | 640/8 | €1,088 | €1,457 | +€369 | +33.9% |
| Gross operating margin | 9900 | €138,358 | €123,793 | -€14,564 | -10.5% |
| Operating profit (loss) | 9901 | €121,382 | €107,925 | -€13,456 | -11.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €245 | €568 | +€324 | +132.4% |
| Recurring financial charges | 65 | €245 | €568 | +€324 | +132.4% |
| Profit (loss) for the period before taxes | 9903 | €121,137 | €107,357 | -€13,780 | -11.4% |
| Income taxes | 67/77 | €26,602 | €23,178 | -€3,424 | -12.9% |
| Profit (loss) for the period | 9904 | €94,535 | €84,179 | -€10,356 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,535 | €84,179 | -€10,356 | -11.0% |
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 29 September 2026 via checked.be.