COMFIS CONSULTING: 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.
What changed
COMFIS CONSULTING
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€920,030
2024 · €3.5m-€2.5m
Equity
€18.7m
2024 · €17.8m+€920,030
Cash
€631,020
2024 · €112,695+€518,325
Balance sheet total
€31.3m
2024 · €27.1m+€4.2m
Largest movements
Assets
- Receivables within one year +€2.5m
up €2.5m (+128%), from €2.0m to €4.5m
of which Other amounts receivable: +€2.6m
- Financial fixed assets +€887,435
up €887,435 (+5.0%), from €17.9m to €18.8m
- Cash +€518,325
up €518,325 (+460%), from €112,695 to €631,020
mainly Other debts (+€4.3m) and Net result for the year (+€920,030)
Equity and liabilities
- Other debts +€4.3m
up €4.3m (+878%), from €490,000 to €4.8m
- Profit (loss) carried forward +€982,837
up €982,837 (+12.7%), from €7.7m to €8.7m
- Short-term financial debts -€600,000
down €600,000 (-9.2%), from €6.5m to €5.9m
- Debts after one year -€447,620
down €447,620 (-29.6%), from €1.5m to €1.1m
Income statement
- Gross operating margin -€2.2m
down €2.2m (-94.8%), from €2.3m to €120,697
- Financial income -€849,198
down €849,198 (-35.4%), from €2.4m to €1.6m
of which Financial income: -€811,728
- Financial charges -€101,437
down €101,437 (-19.8%), from €512,017 to €410,580
- Taxes +€96,154
up €96,154 (+6,148%), from €1,564 to €97,718
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
€3.5m
Gross operating margin
-€2.2m
Staff costs
-€3,484
Depreciation
+€14,838
Other operating charges
-€891
Financial income
-€849,198
Financial charges
+€101,437
Taxes
-€96,154
Deferred taxes and other
+€475,034
Result 2025
€920,030
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.7m
Investment
-€1.3m
Financing
-€967,179
Cash 2024
€112,695
From operations (derived)
+€2.7m
Net result for the year
+€920,030
Depreciation
+€201,542
Receivables within one year
-€2.5m
Deferred charges and accrued income
-€70,753
Provisions
-€20,936
Trade debts
+€11,010
Tax, wage and social debts
-€33,675
Other debts
+€4.3m
Accrued charges and deferred income
-€14,060
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.0m
Current investments
-€248,092
Financing
-€967,179
Debts after one year
-€447,620
Current portion of long-term debt
+€80,441
Short-term financial debts
-€600,000
Cash 2025
€631,020
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,081,463 | €31,276,853 | +€4.2m | +15.5% |
| Fixed assets | 21/28 | €23,686,336 | €24,497,730 | +€811,394 | +3.4% |
| Tangible fixed assets | 22/27 | €5,797,684 | €5,721,643 | -€76,041 | -1.3% |
| Land and buildings | 22 | €4,457,003 | €4,381,761 | -€75,242 | -1.7% |
| Plant, machinery and equipment | 23 | €952,626 | €885,013 | -€67,614 | -7.1% |
| Furniture and vehicles | 24 | €141,927 | €145,052 | +€3,125 | +2.2% |
| Other tangible fixed assets | 26 | €246,127 | €309,817 | +€63,690 | +25.9% |
| Financial fixed assets | 28 | €17,888,652 | €18,776,087 | +€887,435 | +5.0% |
| Current assets | 29/58 | €3,395,127 | €6,779,124 | +€3.4m | +99.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,996,407 | €4,543,234 | +€2.5m | +128% |
| Trade receivables | 40 | €599,034 | €525,318 | -€73,716 | -12.3% |
| Other amounts receivable | 41 | €1,397,374 | €4,017,916 | +€2.6m | +188% |
| Current investments | 50/53 | €1,130,331 | €1,378,423 | +€248,092 | +21.9% |
| Cash at bank and in hand | 54/58 | €112,695 | €631,020 | +€518,325 | +460% |
| Deferred charges and accrued income | 490/1 | €155,694 | €226,447 | +€70,753 | +45.4% |
| Total equity and liabilities | 10/49 | €27,081,463 | €31,276,853 | +€4.2m | +15.5% |
| Equity | 10/15 | €17,811,199 | €18,731,229 | +€920,030 | +5.2% |
| Contributions | 10/11 | €267,264 | €267,264 | = | 0.0% |
| Reserves | 13 | €9,831,219 | €9,768,412 | -€62,807 | -0.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,731,483 | €1,668,676 | -€62,807 | -3.6% |
| Distributable reserves | 133 | €8,099,737 | €8,099,737 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,712,716 | €8,695,553 | +€982,837 | +12.7% |
| Provisions and deferred taxes | 16 | €577,161 | €556,225 | -€20,936 | -3.6% |
| Deferred taxes | 168 | €577,161 | €556,225 | -€20,936 | -3.6% |
| Amounts payable | 17/49 | €8,693,103 | €11,989,399 | +€3.3m | +37.9% |
| Amounts payable after more than one year | 17 | €1,510,459 | €1,062,839 | -€447,620 | -29.6% |
| Financial debts | 170/4 | €1,510,459 | €1,062,839 | -€447,620 | -29.6% |
| Amounts payable within one year | 42/48 | €7,168,584 | €10,926,559 | +€3.8m | +52.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €80,441 | +€80,441 | |
| Financial debts | 43 | €6,500,000 | €5,900,000 | -€600,000 | -9.2% |
| Credit institutions | 430/8 | €6,500,000 | €5,900,000 | -€600,000 | -9.2% |
| Trade debts | 44 | €106,498 | €117,508 | +€11,010 | +10.3% |
| Suppliers | 440/4 | €106,498 | €117,508 | +€11,010 | +10.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €72,086 | €38,411 | -€33,675 | -46.7% |
| Taxes | 450/3 | €70,587 | €33,775 | -€36,812 | -52.2% |
| Remuneration and social security | 454/9 | €1,499 | €4,636 | +€3,137 | +209% |
| Other amounts payable | 47/48 | €490,000 | €4,790,200 | +€4.3m | +878% |
| Accrued charges and deferred income | 492/3 | €14,060 | - | -€14,060 | |
| Non-recurring operating income | 76A | €31,402 | - | -€31,402 | |
| Remuneration, social security and pensions | 62 | €23,927 | €27,411 | +€3,484 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,380 | €201,542 | -€14,838 | -6.9% |
| Other operating charges | 640/8 | €34,290 | €35,180 | +€891 | +2.6% |
| Gross operating margin | 9900 | €2,304,988 | €120,697 | -€2.2m | -94.8% |
| Operating profit (loss) | 9901 | €2,030,392 | -€143,437 | -€2.2m | |
| Financial income | 75/76B | €2,400,026 | €1,550,828 | -€849,198 | -35.4% |
| Recurring financial income | 75 | €2,362,557 | €1,550,828 | -€811,728 | -34.4% |
| Non-recurring financial income | 76B | €37,470 | - | -€37,470 | |
| Financial charges | 65/66B | €512,017 | €410,580 | -€101,437 | -19.8% |
| Recurring financial charges | 65 | €512,017 | €410,580 | -€101,437 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €3,918,402 | €996,812 | -€2.9m | -74.6% |
| Transfer from deferred taxes | 780 | €7,100 | €20,936 | +€13,836 | +195% |
| Transfer to deferred taxes | 680 | €461,198 | - | -€461,198 | |
| Income taxes | 67/77 | €1,564 | €97,718 | +€96,154 | +6,148% |
| Profit (loss) for the period | 9904 | €3,462,739 | €920,030 | -€2.5m | -73.4% |
| Transfer from tax-exempt reserves | 789 | €21,299 | €62,807 | +€41,508 | +195% |
| Transfer to tax-exempt reserves | 689 | €1,383,504 | - | -€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,100,534 | €982,837 | -€1.1m | -53.2% |
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 17 October 2026 via checked.be.