COMFORT SYSTEMS: 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.
COMFORT SYSTEMS
Largest movements
- Receivables within one year -€27,578
down €27,578 (-9.6%), from €287,985 to €260,407
of which Trade receivables: -€53,466
- Stocks and contracts +€17,257
up €17,257 (+53.4%), from €32,341 to €49,598
- Cash +€17,193
up €17,193 (+20,067%), from €86 to €17,279
mainly Depreciation (+€45,936) and Receivables within one year (+€27,578)
- Tangible fixed assets +€9,590
up €9,590 (+17.2%), from €55,747 to €65,337
of which Furniture and vehicles: +€24,624
- Intangible fixed assets -€5,000
down €5,000 (-31.0%), from €16,152 to €11,152
- Other debts +€10,720
up €10,720 (+8.3%), from €128,826 to €139,546
- Debts after one year +€5,264
up €5,264 (+56.9%), from €9,251 to €14,515
- Staff costs +€55,288
up €55,288 (+99.1%), from €55,817 to €111,105
- Gross operating margin +€38,141
up €38,141 (+29.7%), from €128,298 to €166,439
- Financial charges -€4,333
down €4,333 (-38.7%), from €11,203 to €6,870
- Depreciation +€1,832
up €1,832 (+4.2%), from €44,105 to €45,936
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €421,466 | €435,673 | +€14,207 | +3.4% |
| Fixed assets | 21/28 | €90,500 | €95,090 | +€4,590 | +5.1% |
| Intangible fixed assets | 21 | €16,152 | €11,152 | -€5,000 | -31.0% |
| Tangible fixed assets | 22/27 | €55,747 | €65,337 | +€9,590 | +17.2% |
| Plant, machinery and equipment | 23 | €25,309 | €10,275 | -€15,034 | -59.4% |
| Furniture and vehicles | 24 | €30,438 | €55,062 | +€24,624 | +80.9% |
| Financial fixed assets | 28 | €18,600 | €18,600 | = | 0.0% |
| Current assets | 29/58 | €330,967 | €340,583 | +€9,616 | +2.9% |
| Stocks and contracts in progress | 3 | €32,341 | €49,598 | +€17,257 | +53.4% |
| Stocks | 30/36 | €32,341 | €49,598 | +€17,257 | +53.4% |
| Amounts receivable within one year | 40/41 | €287,985 | €260,407 | -€27,578 | -9.6% |
| Trade receivables | 40 | €174,820 | €121,354 | -€53,466 | -30.6% |
| Other amounts receivable | 41 | €113,165 | €139,052 | +€25,887 | +22.9% |
| Cash at bank and in hand | 54/58 | €86 | €17,279 | +€17,193 | +20,067% |
| Deferred charges and accrued income | 490/1 | €10,555 | €13,299 | +€2,744 | +26.0% |
| Total equity and liabilities | 10/49 | €421,466 | €435,673 | +€14,207 | +3.4% |
| Equity | 10/15 | €130,947 | €130,515 | -€432 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,347 | €111,915 | -€432 | -0.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €3,790 | €3,790 | = | 0.0% |
| Distributable reserves | 133 | €108,557 | €108,125 | -€432 | -0.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €290,520 | €305,158 | +€14,638 | +5.0% |
| Amounts payable after more than one year | 17 | €9,251 | €14,515 | +€5,264 | +56.9% |
| Financial debts | 170/4 | €9,251 | €14,515 | +€5,264 | +56.9% |
| Amounts payable within one year | 42/48 | €280,522 | €290,643 | +€10,120 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €13,032 | €10,999 | -€2,033 | -15.6% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €88,036 | €86,616 | -€1,420 | -1.6% |
| Suppliers | 440/4 | €88,036 | €86,616 | -€1,420 | -1.6% |
| Taxes, remuneration and social security | 45 | €25,628 | €28,482 | +€2,854 | +11.1% |
| Taxes | 450/3 | €16,247 | €15,246 | -€1,000 | -6.2% |
| Remuneration and social security | 454/9 | €9,381 | €13,236 | +€3,854 | +41.1% |
| Other amounts payable | 47/48 | €128,826 | €139,546 | +€10,720 | +8.3% |
| Accrued charges and deferred income | 492/3 | €746 | €0 | -€746 | -100% |
| Non-recurring operating income | 76A | €626 | €7,438 | +€6,812 | +1,088% |
| Remuneration, social security and pensions | 62 | €55,817 | €111,105 | +€55,288 | +99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,105 | €45,936 | +€1,832 | +4.2% |
| Other operating charges | 640/8 | €3,723 | €2,901 | -€822 | -22.1% |
| Non-recurring operating charges | 66A | €4,366 | €0 | -€4,366 | -100% |
| Gross operating margin | 9900 | €128,298 | €166,439 | +€38,141 | +29.7% |
| Operating profit (loss) | 9901 | €20,288 | €6,496 | -€13,792 | -68.0% |
| Financial income | 75/76B | €4,188 | €5,199 | +€1,010 | +24.1% |
| Recurring financial income | 75 | €4,188 | €5,199 | +€1,010 | +24.1% |
| Financial charges | 65/66B | €11,203 | €6,870 | -€4,333 | -38.7% |
| Recurring financial charges | 65 | €11,203 | €6,870 | -€4,333 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €13,273 | €4,824 | -€8,449 | -63.7% |
| Income taxes | 67/77 | €5,369 | €5,256 | -€113 | -2.1% |
| Profit (loss) for the period | 9904 | €7,904 | -€432 | -€8,335 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,904 | -€432 | -€8,335 |
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 15 October 2026 via checked.be.