COMDEX: 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.
COMDEX
Largest movements
- Cash +€9,900
up €9,900 (+7.3%), from €135,642 to €145,541
mainly Depreciation (+€4,224) and Receivables within one year (+€1,988)
- Tangible fixed assets -€4,224
down €4,224 (-8.9%), from €47,701 to €43,477
- Receivables within one year -€1,988
down €1,988 (-100.0%), from €1,988 to €0
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€4,983
down €4,983 (-41.0%), from €12,148 to €7,165
- Taxes -€1,359
down €1,359 (-65.2%), from €2,086 to €727
- Financial income +€582
up €582 (+231.2%), from €252 to €833
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 | €185,646 | €189,334 | +€3,688 | +2.0% |
| Fixed assets | 21/28 | €47,887 | €43,663 | -€4,224 | -8.8% |
| Tangible fixed assets | 22/27 | €47,701 | €43,477 | -€4,224 | -8.9% |
| Land and buildings | 22 | €47,701 | €43,477 | -€4,224 | -8.9% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €137,759 | €145,671 | +€7,912 | +5.7% |
| Amounts receivable within one year | 40/41 | €1,988 | €0 | -€1,988 | -100.0% |
| Other amounts receivable | 41 | €1,988 | €0 | -€1,988 | -100.0% |
| Current investments | 50/53 | €129 | €129 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €135,642 | €145,541 | +€9,900 | +7.3% |
| Total equity and liabilities | 10/49 | €185,646 | €189,334 | +€3,688 | +2.0% |
| Equity | 10/15 | €79,827 | €81,307 | +€1,480 | +1.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €69,827 | €71,307 | +€1,480 | +2.1% |
| Distributable reserves | 133 | €69,827 | €71,307 | +€1,480 | +2.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €105,819 | €108,027 | +€2,208 | +2.1% |
| Amounts payable within one year | 42/48 | €102,984 | €103,461 | +€477 | +0.5% |
| Trade debts | 44 | €484 | €484 | = | 0.0% |
| Suppliers | 440/4 | €484 | €484 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | €477 | +€477 | |
| Taxes | 450/3 | €0 | €477 | +€477 | |
| Other amounts payable | 47/48 | €102,500 | €102,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,835 | €4,566 | +€1,731 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,224 | €4,224 | = | 0.0% |
| Other operating charges | 640/8 | €1,555 | €1,504 | -€51 | -3.3% |
| Gross operating margin | 9900 | €12,148 | €7,165 | -€4,983 | -41.0% |
| Operating profit (loss) | 9901 | €6,368 | €1,437 | -€4,931 | -77.4% |
| Financial income | 75/76B | €252 | €833 | +€582 | +231.2% |
| Recurring financial income | 75 | €252 | €833 | +€582 | +231.2% |
| Financial charges | 65/66B | €64 | €63 | -€1 | -0.9% |
| Recurring financial charges | 65 | €64 | €63 | -€1 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €6,556 | €2,207 | -€4,349 | -66.3% |
| Income taxes | 67/77 | €2,086 | €727 | -€1,359 | -65.2% |
| Profit (loss) for the period | 9904 | €4,470 | €1,480 | -€2,990 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,470 | €1,480 | -€2,990 | -66.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.