COMFER: 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.
COMFER
Largest movements
- Receivables within one year -€24,779
down €24,779 (-10.9%), from €227,482 to €202,703
of which Trade receivables: -€30,224
- Cash +€11,083
up €11,083 (+122%), from €9,073 to €20,156
mainly Receivables within one year (+€24,779) and Depreciation (+€8,125)
- Tangible fixed assets -€6,829
down €6,829 (-43.7%), from €15,633 to €8,804
of which Plant, machinery and equipment: -€3,825
- Deferred charges and accrued income +€2,871
up €2,871 (+62.7%), from €4,578 to €7,449
- Profit (loss) carried forward -€11,961
down €11,961 (-15.1%), from €79,463 to €67,503
- Tax, wage and social debts -€4,975
down €4,975 (-12.9%), from €38,666 to €33,692
of which Taxes: -€4,809
- Write-downs +€15,718
new in 2025: €15,718
- Other operating charges +€11,849
up €11,849 (+1,214%), from €976 to €12,826
- Taxes -€4,564
down €4,564 (-92.2%), from €4,951 to €387
- Staff costs +€2,727
up €2,727 (+3.5%), from €79,028 to €81,756
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 | €257,067 | €239,413 | -€17,654 | -6.9% |
| Fixed assets | 21/28 | €15,933 | €9,104 | -€6,829 | -42.9% |
| Tangible fixed assets | 22/27 | €15,633 | €8,804 | -€6,829 | -43.7% |
| Plant, machinery and equipment | 23 | €10,426 | €6,600 | -€3,825 | -36.7% |
| Furniture and vehicles | 24 | €5,207 | €2,203 | -€3,004 | -57.7% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €241,134 | €230,309 | -€10,825 | -4.5% |
| Amounts receivable within one year | 40/41 | €227,482 | €202,703 | -€24,779 | -10.9% |
| Trade receivables | 40 | €220,415 | €190,191 | -€30,224 | -13.7% |
| Other amounts receivable | 41 | €7,067 | €12,512 | +€5,445 | +77.0% |
| Cash at bank and in hand | 54/58 | €9,073 | €20,156 | +€11,083 | +122% |
| Deferred charges and accrued income | 490/1 | €4,578 | €7,449 | +€2,871 | +62.7% |
| Total equity and liabilities | 10/49 | €257,067 | €239,413 | -€17,654 | -6.9% |
| Equity | 10/15 | €170,652 | €158,691 | -€11,961 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,589 | €72,589 | = | 0.0% |
| Distributable reserves | 133 | €72,589 | €72,589 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,463 | €67,503 | -€11,961 | -15.1% |
| Amounts payable | 17/49 | €86,414 | €80,722 | -€5,693 | -6.6% |
| Amounts payable after more than one year | 17 | €1,415 | - | -€1,415 | |
| Financial debts | 170/4 | €1,415 | - | -€1,415 | |
| Amounts payable within one year | 42/48 | €84,999 | €80,722 | -€4,278 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €5,224 | €3,880 | -€1,344 | -25.7% |
| Trade debts | 44 | €9,409 | €10,858 | +€1,450 | +15.4% |
| Suppliers | 440/4 | €9,409 | €10,858 | +€1,450 | +15.4% |
| Taxes, remuneration and social security | 45 | €38,666 | €33,692 | -€4,975 | -12.9% |
| Taxes | 450/3 | €19,800 | €14,991 | -€4,809 | -24.3% |
| Remuneration and social security | 454/9 | €18,866 | €18,701 | -€165 | -0.9% |
| Other amounts payable | 47/48 | €31,700 | €32,292 | +€591 | +1.9% |
| Remuneration, social security and pensions | 62 | €79,028 | €81,756 | +€2,727 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,943 | €8,125 | +€182 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,718 | +€15,718 | |
| Other operating charges | 640/8 | €976 | €12,826 | +€11,849 | +1,214% |
| Gross operating margin | 9900 | €108,744 | €107,913 | -€831 | -0.8% |
| Operating profit (loss) | 9901 | €20,796 | -€10,511 | -€31,307 | |
| Financial income | 75/76B | €23 | €111 | +€88 | +376% |
| Recurring financial income | 75 | €23 | €111 | +€88 | +376% |
| Financial charges | 65/66B | €1,043 | €1,175 | +€132 | +12.6% |
| Recurring financial charges | 65 | €1,043 | €1,175 | +€132 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €19,777 | -€11,574 | -€31,351 | |
| Income taxes | 67/77 | €4,951 | €387 | -€4,564 | -92.2% |
| Profit (loss) for the period | 9904 | €14,825 | -€11,961 | -€26,786 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,825 | -€11,961 | -€26,786 |
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 15 October 2026 via checked.be.