COMFINA: 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.
What changed
COMFINA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€163,700
2024 · -€18,375+€182,076
Equity
€6.5m
2024 · €6.3m+€163,700
Cash
€29,466
2024 · €1,128+€28,337
Balance sheet total
€12.1m
2024 · €12.4m-€298,072
Largest movements
Assets
- Receivables within one year -€424,576
down €424,576 (-41.4%), from €1.0m to €600,103
of which Other amounts receivable: -€613,040
Equity and liabilities
- Debts after one year -€506,575
down €506,575 (-11.3%), from €4.5m to €4.0m
- Profit (loss) carried forward +€163,700
up €163,700 (+11.0%), from €1.5m to €1.7m
Income statement
- Financial charges -€228,854
down €228,854 (-53.5%), from €427,386 to €198,531
- Other operating charges -€90,339
down €90,339 (-85.8%), from €105,342 to €15,003
- Gross operating margin -€51,520
down €51,520 (-4.8%), from €1.1m to €1.0m
- Taxes +€28,540
up €28,540 (+52.7%), from €54,116 to €82,656
- Financial income -€20,270
down €20,270 (-83.3%), from €24,347 to €4,077
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.
Result 2024
-€18,375
Gross operating margin
-€51,520
Staff costs
-€8,203
Depreciation
-€1,425
Other operating charges
+€90,339
Financial income
-€20,270
Financial charges
+€228,854
Taxes
-€28,540
Deferred taxes and other
-€27,160
Result 2025
€163,700
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.
From operations
+€764,461
Investment
-€232,898
Financing
-€503,226
Cash 2024
€1,128
From operations (derived)
+€764,461
Net result for the year
+€163,700
Depreciation
+€120,504
Receivables within one year
+€424,576
Deferred charges and accrued income
+€14,227
Trade debts
-€52,352
Tax, wage and social debts
+€40,738
Other debts
+€43,754
Accrued charges and deferred income
+€9,314
Investment (derived)
-€232,898
Investment in fixed assets (net)
-€232,898
Financing
-€503,226
Debts after one year
-€506,575
Current portion of long-term debt
+€857
Short-term financial debts
+€2,492
Cash 2025
€29,466
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,370,955 | €12,072,883 | -€298,072 | -2.4% |
| Fixed assets | 21/28 | €11,320,802 | €11,433,196 | +€112,394 | +1.0% |
| Tangible fixed assets | 22/27 | €11,320,802 | €11,433,196 | +€112,394 | +1.0% |
| Land and buildings | 22 | €11,199,638 | €11,344,515 | +€144,877 | +1.3% |
| Furniture and vehicles | 24 | €121,164 | €88,681 | -€32,483 | -26.8% |
| Current assets | 29/58 | €1,050,153 | €639,687 | -€410,466 | -39.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,024,679 | €600,103 | -€424,576 | -41.4% |
| Trade receivables | 40 | €273,448 | €461,912 | +€188,463 | +68.9% |
| Other amounts receivable | 41 | €751,231 | €138,191 | -€613,040 | -81.6% |
| Cash at bank and in hand | 54/58 | €1,128 | €29,466 | +€28,337 | +2511.7% |
| Deferred charges and accrued income | 490/1 | €24,346 | €10,119 | -€14,227 | -58.4% |
| Total equity and liabilities | 10/49 | €12,370,955 | €12,072,883 | -€298,072 | -2.4% |
| Equity | 10/15 | €6,324,340 | €6,488,040 | +€163,700 | +2.6% |
| Contributions | 10/11 | €2,750,000 | €2,750,000 | = | 0.0% |
| Capital | 10 | €2,750,000 | €2,750,000 | = | 0.0% |
| Issued capital | 100 | €2,750,000 | €2,750,000 | = | 0.0% |
| Reserves | 13 | €2,087,475 | €2,087,475 | = | 0.0% |
| Non-distributable reserves | 130/1 | €275,000 | €275,000 | = | 0.0% |
| Legal reserve | 130 | €275,000 | €275,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,272,194 | €1,272,194 | = | 0.0% |
| Distributable reserves | 133 | €540,280 | €540,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,486,865 | €1,650,566 | +€163,700 | +11.0% |
| Provisions and deferred taxes | 16 | €424,065 | €424,065 | = | 0.0% |
| Deferred taxes | 168 | €424,065 | €424,065 | = | 0.0% |
| Amounts payable | 17/49 | €5,622,551 | €5,160,778 | -€461,773 | -8.2% |
| Amounts payable after more than one year | 17 | €4,481,726 | €3,975,151 | -€506,575 | -11.3% |
| Financial debts | 170/4 | €4,481,726 | €3,975,151 | -€506,575 | -11.3% |
| Amounts payable within one year | 42/48 | €1,136,215 | €1,171,703 | +€35,488 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €507,572 | €508,429 | +€857 | +0.2% |
| Financial debts | 43 | €42,635 | €45,127 | +€2,492 | +5.8% |
| Credit institutions | 430/8 | €42,635 | €45,127 | +€2,492 | +5.8% |
| Trade debts | 44 | €113,465 | €61,113 | -€52,352 | -46.1% |
| Suppliers | 440/4 | €113,465 | €61,113 | -€52,352 | -46.1% |
| Taxes, remuneration and social security | 45 | €326,685 | €367,423 | +€40,738 | +12.5% |
| Taxes | 450/3 | €250,437 | €279,393 | +€28,955 | +11.6% |
| Remuneration and social security | 454/9 | €76,248 | €88,030 | +€11,782 | +15.5% |
| Other amounts payable | 47/48 | €145,858 | €189,611 | +€43,754 | +30.0% |
| Accrued charges and deferred income | 492/3 | €4,610 | €13,924 | +€9,314 | +202.1% |
| Non-recurring operating income | 76A | €515,747 | €0 | -€515,747 | -100.0% |
| Remuneration, social security and pensions | 62 | €436,733 | €444,936 | +€8,203 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,079 | €120,504 | +€1,425 | +1.2% |
| Other operating charges | 640/8 | €105,342 | €15,003 | -€90,339 | -85.8% |
| Gross operating margin | 9900 | €1,072,773 | €1,021,254 | -€51,520 | -4.8% |
| Operating profit (loss) | 9901 | €411,620 | €440,811 | +€29,191 | +7.1% |
| Financial income | 75/76B | €24,347 | €4,077 | -€20,270 | -83.3% |
| Recurring financial income | 75 | €24,347 | €4,077 | -€20,270 | -83.3% |
| Financial charges | 65/66B | €427,386 | €198,531 | -€228,854 | -53.5% |
| Recurring financial charges | 65 | €427,386 | €198,531 | -€228,854 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €8,580 | €246,356 | +€237,776 | +2771.2% |
| Transfer from deferred taxes | 780 | €27,160 | €0 | -€27,160 | -100.0% |
| Income taxes | 67/77 | €54,116 | €82,656 | +€28,540 | +52.7% |
| Profit (loss) for the period | 9904 | -€18,375 | €163,700 | +€182,076 | |
| Transfer from tax-exempt reserves | 789 | €52,747 | €0 | -€52,747 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,371 | €163,700 | +€129,329 | +376.3% |
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.