COMFETH: 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.
COMFETH
Largest movements
- Receivables within one year +€854,937
up €854,937 (+91.6%), from €933,515 to €1.8m
of which Trade receivables: +€669,626
- Tangible fixed assets +€433,838
up €433,838 (+3027.8%), from €14,329 to €448,167
of which Other tangible fixed assets: +€252,459
- Cash -€390,163
down €390,163 (-93.1%), from €418,872 to €28,709
mainly Receivables within one year (-€854,937) and Investment in fixed assets (net) (-€494,211)
- Deferred charges and accrued income +€252,126
up €252,126 (+87328.5%), from €289 to €252,415
- Financial fixed assets +€40,000
up €40,000 (+57.7%), from €69,345 to €109,345
- Trade debts +€1.0m
up €1.0m (+128.4%), from €810,540 to €1.9m
- Debts after one year +€118,027
new in 2024: €118,027
- Current portion of long-term debt +€32,662
new in 2024: €32,662
- Staff costs +€251,296
up €251,296 (+93.3%), from €269,289 to €520,585
- Gross operating margin +€192,953
up €192,953 (+44.9%), from €429,736 to €622,689
- Taxes -€20,289
down €20,289 (-44.9%), from €45,145 to €24,855
- Other operating charges +€17,479
up €17,479 (+161.9%), from €10,793 to €28,273
- Depreciation +€15,284
up €15,284 (+300.3%), from €5,090 to €20,373
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,436,349 | €2,627,087 | +€1.2m | +82.9% |
| Fixed assets | 21/28 | €83,673 | €557,511 | +€473,838 | +566.3% |
| Tangible fixed assets | 22/27 | €14,329 | €448,167 | +€433,838 | +3027.8% |
| Furniture and vehicles | 24 | €14,329 | €33,125 | +€18,797 | +131.2% |
| Leasing and similar rights | 25 | - | €162,582 | +€162,582 | |
| Other tangible fixed assets | 26 | - | €252,459 | +€252,459 | |
| Financial fixed assets | 28 | €69,345 | €109,345 | +€40,000 | +57.7% |
| Current assets | 29/58 | €1,352,676 | €2,069,576 | +€716,900 | +53.0% |
| Amounts receivable within one year | 40/41 | €933,515 | €1,788,452 | +€854,937 | +91.6% |
| Trade receivables | 40 | €908,660 | €1,578,286 | +€669,626 | +73.7% |
| Other amounts receivable | 41 | €24,855 | €210,166 | +€185,310 | +745.6% |
| Cash at bank and in hand | 54/58 | €418,872 | €28,709 | -€390,163 | -93.1% |
| Deferred charges and accrued income | 490/1 | €289 | €252,415 | +€252,126 | +87328.5% |
| Total equity and liabilities | 10/49 | €1,436,349 | €2,627,087 | +€1.2m | +82.9% |
| Equity | 10/15 | €489,647 | €505,211 | +€15,565 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €469,187 | €484,751 | +€15,565 | +3.3% |
| Amounts payable | 17/49 | €946,702 | €2,121,876 | +€1.2m | +124.1% |
| Amounts payable after more than one year | 17 | - | €118,027 | +€118,027 | |
| Financial debts | 170/4 | - | €118,027 | +€118,027 | |
| Amounts payable within one year | 42/48 | €946,702 | €2,003,848 | +€1.1m | +111.7% |
| Current portion of amounts payable after more than one year | 42 | - | €32,662 | +€32,662 | |
| Trade debts | 44 | €810,540 | €1,851,180 | +€1.0m | +128.4% |
| Suppliers | 440/4 | €810,540 | €1,851,180 | +€1.0m | +128.4% |
| Taxes, remuneration and social security | 45 | €136,163 | €118,206 | -€17,957 | -13.2% |
| Taxes | 450/3 | €135,103 | €72,646 | -€62,457 | -46.2% |
| Remuneration and social security | 454/9 | €1,060 | €45,560 | +€44,500 | +4197.6% |
| Other amounts payable | 47/48 | - | €1,800 | +€1,800 | |
| Remuneration, social security and pensions | 62 | €269,289 | €520,585 | +€251,296 | +93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,090 | €20,373 | +€15,284 | +300.3% |
| Other operating charges | 640/8 | €10,793 | €28,273 | +€17,479 | +161.9% |
| Non-recurring operating charges | 66A | - | €270 | +€270 | |
| Gross operating margin | 9900 | €429,736 | €622,689 | +€192,953 | +44.9% |
| Operating profit (loss) | 9901 | €144,565 | €53,188 | -€91,377 | -63.2% |
| Financial charges | 65/66B | €7,674 | €12,768 | +€5,094 | +66.4% |
| Recurring financial charges | 65 | €7,674 | €12,768 | +€5,094 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | €136,891 | €40,420 | -€96,471 | -70.5% |
| Income taxes | 67/77 | €45,145 | €24,855 | -€20,289 | -44.9% |
| Profit (loss) for the period | 9904 | €91,746 | €15,565 | -€76,181 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,746 | €15,565 | -€76,181 | -83.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.