COMFLOW: 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.
COMFLOW
Largest movements
- Cash -€95,810
down €95,810 (-39.5%), from €242,600 to €146,789
mainly Receivables within one year (-€92,071) and Debts after one year (-€41,506)
- Receivables within one year +€92,071
up €92,071 (+70.3%), from €130,877 to €222,948
of which Other amounts receivable: +€61,443
- Tangible fixed assets -€29,202
down €29,202 (-7.1%), from €409,335 to €380,134
of which Plant, machinery and equipment: -€16,760
- Debts after one year -€41,506
down €41,506 (-15.7%), from €264,213 to €222,707
- Advances received +€23,782
new in 2024: €23,782
- Other debts +€21,550
up €21,550 (+189.0%), from €11,400 to €32,950
- Reserves -€16,500
down €16,500 (-4.2%), from €395,360 to €378,860
- Tax, wage and social debts -€16,188
down €16,188 (-30.4%), from €53,272 to €37,084
of which Taxes: -€11,754
- Gross operating margin -€85,420
down €85,420 (-49.7%), from €171,830 to €86,409
- Taxes -€26,780
down €26,780 (-73.7%), from €36,348 to €9,568
- Staff costs -€11,544
down €11,544, from €11,515 to -€30
- Depreciation +€3,134
up €3,134 (+8.6%), from €36,630 to €39,764
- Financial charges +€2,031
up €2,031 (+16.7%), from €12,132 to €14,163
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 | €786,277 | €756,884 | -€29,393 | -3.7% |
| Fixed assets | 21/28 | €409,365 | €380,164 | -€29,202 | -7.1% |
| Tangible fixed assets | 22/27 | €409,335 | €380,134 | -€29,202 | -7.1% |
| Land and buildings | 22 | €270,574 | €261,020 | -€9,554 | -3.5% |
| Plant, machinery and equipment | 23 | €99,618 | €82,858 | -€16,760 | -16.8% |
| Furniture and vehicles | 24 | €39,143 | €36,256 | -€2,887 | -7.4% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €376,911 | €376,720 | -€191 | -0.1% |
| Amounts receivable within one year | 40/41 | €130,877 | €222,948 | +€92,071 | +70.3% |
| Trade receivables | 40 | €54,825 | €85,453 | +€30,628 | +55.9% |
| Other amounts receivable | 41 | €76,052 | €137,495 | +€61,443 | +80.8% |
| Cash at bank and in hand | 54/58 | €242,600 | €146,789 | -€95,810 | -39.5% |
| Deferred charges and accrued income | 490/1 | €3,435 | €6,983 | +€3,548 | +103.3% |
| Total equity and liabilities | 10/49 | €786,277 | €756,884 | -€29,393 | -3.7% |
| Equity | 10/15 | €403,291 | €386,886 | -€16,406 | -4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €395,360 | €378,860 | -€16,500 | -4.2% |
| Distributable reserves | 133 | €395,360 | €378,860 | -€16,500 | -4.2% |
| Profit (loss) carried forward | 14 | €1,731 | €1,826 | +€94 | +5.4% |
| Amounts payable | 17/49 | €382,985 | €369,998 | -€12,987 | -3.4% |
| Amounts payable after more than one year | 17 | €264,213 | €222,707 | -€41,506 | -15.7% |
| Financial debts | 170/4 | €264,213 | €222,707 | -€41,506 | -15.7% |
| Amounts payable within one year | 42/48 | €118,772 | €147,291 | +€28,519 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €17,199 | €29,753 | +€12,554 | +73.0% |
| Trade debts | 44 | €36,901 | €23,723 | -€13,178 | -35.7% |
| Suppliers | 440/4 | €36,901 | €23,723 | -€13,178 | -35.7% |
| Advances received on contracts in progress | 46 | - | €23,782 | +€23,782 | |
| Taxes, remuneration and social security | 45 | €53,272 | €37,084 | -€16,188 | -30.4% |
| Taxes | 450/3 | €48,837 | €37,084 | -€11,754 | -24.1% |
| Remuneration and social security | 454/9 | €4,435 | - | -€4,435 | |
| Other amounts payable | 47/48 | €11,400 | €32,950 | +€21,550 | +189.0% |
| Remuneration, social security and pensions | 62 | €11,515 | -€30 | -€11,544 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,630 | €39,764 | +€3,134 | +8.6% |
| Other operating charges | 640/8 | €2,007 | €2,332 | +€325 | +16.2% |
| Non-recurring operating charges | 66A | €1,510 | €4,620 | +€3,110 | +206.0% |
| Gross operating margin | 9900 | €171,830 | €86,409 | -€85,420 | -49.7% |
| Operating profit (loss) | 9901 | €120,168 | €39,724 | -€80,444 | -66.9% |
| Financial income | 75/76B | €68 | €102 | +€33 | +48.8% |
| Recurring financial income | 75 | €68 | €102 | +€33 | +48.8% |
| Financial charges | 65/66B | €12,132 | €14,163 | +€2,031 | +16.7% |
| Recurring financial charges | 65 | €12,132 | €14,163 | +€2,031 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €108,104 | €25,662 | -€82,442 | -76.3% |
| Income taxes | 67/77 | €36,348 | €9,568 | -€26,780 | -73.7% |
| Profit (loss) for the period | 9904 | €71,756 | €16,094 | -€55,662 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,756 | €16,094 | -€55,662 | -77.6% |
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 28 September 2026 via checked.be.