COMFORCE: what changed
COMFORCE
Largest movements
- Receivables within one year -€53,606
down €53,606 (-22.3%), from €240,674 to €187,068
of which Other amounts receivable: -€90,632
- Tangible fixed assets -€23,267
down €23,267 (-26.4%), from €88,188 to €64,922
of which Furniture and vehicles: -€19,145
- Cash +€9,377
up €9,377 (+14.2%), from €66,097 to €75,473
mainly Receivables within one year (+€53,606) and Net result for the year (+€40,389)
- Trade debts -€50,333
down €50,333 (-75.8%), from €66,367 to €16,033
- Reserves -€21,079
down €21,079 (-7.5%), from €281,388 to €260,309
- Tax, wage and social debts +€16,910
up €16,910 (+148%), from €11,454 to €28,364
of which Taxes: +€16,910
- Debts after one year -€14,989
down €14,989 (-66.1%), from €22,691 to €7,702
- Gross operating margin +€43,506
up €43,506 (+85.0%), from €51,199 to €94,706
- Staff costs -€19,284
down €19,284 (-96.5%), from €19,977 to €693
- Taxes +€15,804
up €15,804 (+300%), from €5,269 to €21,073
- Financial income -€3,847
down €3,847 (-53.0%), from €7,258 to €3,410
- Depreciation +€1,958
up €1,958 (+8.5%), from €22,936 to €24,894
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €397,072 | €327,973 | -€69,099 | -17.4% |
| Fixed assets | 21/28 | €88,262 | €64,922 | -€23,340 | -26.4% |
| Intangible fixed assets | 21 | €74 | €0 | -€74 | -100% |
| Tangible fixed assets | 22/27 | €88,188 | €64,922 | -€23,267 | -26.4% |
| Plant, machinery and equipment | 23 | €12,822 | €10,855 | -€1,967 | -15.3% |
| Furniture and vehicles | 24 | €63,942 | €44,797 | -€19,145 | -29.9% |
| Other tangible fixed assets | 26 | €11,424 | €9,270 | -€2,155 | -18.9% |
| Current assets | 29/58 | €308,811 | €263,051 | -€45,759 | -14.8% |
| Amounts receivable within one year | 40/41 | €240,674 | €187,068 | -€53,606 | -22.3% |
| Trade receivables | 40 | €62,949 | €99,975 | +€37,026 | +58.8% |
| Other amounts receivable | 41 | €177,725 | €87,093 | -€90,632 | -51.0% |
| Cash at bank and in hand | 54/58 | €66,097 | €75,473 | +€9,377 | +14.2% |
| Deferred charges and accrued income | 490/1 | €2,040 | €510 | -€1,529 | -75.0% |
| Total equity and liabilities | 10/49 | €397,072 | €327,973 | -€69,099 | -17.4% |
| Equity | 10/15 | €281,388 | €260,309 | -€21,079 | -7.5% |
| Reserves | 13 | €281,388 | €260,309 | -€21,079 | -7.5% |
| Distributable reserves | 133 | €281,388 | €260,309 | -€21,079 | -7.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €115,685 | €67,664 | -€48,021 | -41.5% |
| Amounts payable after more than one year | 17 | €22,691 | €7,702 | -€14,989 | -66.1% |
| Financial debts | 170/4 | €22,691 | €7,702 | -€14,989 | -66.1% |
| Amounts payable within one year | 42/48 | €92,994 | €59,962 | -€33,032 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €14,451 | €14,989 | +€538 | +3.7% |
| Financial debts | 43 | €723 | €0 | -€723 | -100% |
| Credit institutions | 430/8 | €723 | €0 | -€723 | -100% |
| Trade debts | 44 | €66,367 | €16,033 | -€50,333 | -75.8% |
| Suppliers | 440/4 | €66,367 | €16,033 | -€50,333 | -75.8% |
| Taxes, remuneration and social security | 45 | €11,454 | €28,364 | +€16,910 | +148% |
| Taxes | 450/3 | €11,454 | €28,364 | +€16,910 | +148% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €576 | +€576 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €19,977 | €693 | -€19,284 | -96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,936 | €24,894 | +€1,958 | +8.5% |
| Other operating charges | 640/8 | €7,344 | €8,728 | +€1,385 | +18.9% |
| Gross operating margin | 9900 | €51,199 | €94,706 | +€43,506 | +85.0% |
| Operating profit (loss) | 9901 | €942 | €60,390 | +€59,448 | +6,311% |
| Financial income | 75/76B | €7,258 | €3,410 | -€3,847 | -53.0% |
| Recurring financial income | 75 | €7,258 | €3,410 | -€3,847 | -53.0% |
| Financial charges | 65/66B | €2,751 | €2,338 | -€413 | -15.0% |
| Recurring financial charges | 65 | €2,751 | €2,338 | -€413 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €5,449 | €61,462 | +€56,014 | +1,028% |
| Income taxes | 67/77 | €5,269 | €21,073 | +€15,804 | +300% |
| Profit (loss) for the period | 9904 | €180 | €40,389 | +€40,209 | +22,365% |
| Profit (loss) for the period to be appropriated | 9905 | €180 | €40,389 | +€40,209 | +22,365% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.