COMIFIM: 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.
COMIFIM
Largest movements
- Tangible fixed assets +€25,697
up €25,697 (+1.1%), from €2.3m to €2.3m
of which Land and buildings: +€32,589
- Debts after one year -€56,500
down €56,500 (-9.4%), from €602,321 to €545,821
- Accrued charges and deferred income +€47,293
up €47,293 (+412.5%), from €11,464 to €58,757
- Other debts +€30,114
up €30,114 (+2.7%), from €1.1m to €1.1m
- Reserves +€28,870
up €28,870 (+19.9%), from €145,361 to €174,230
- Financial charges +€45,843
up €45,843 (+368.1%), from €12,454 to €58,297
- Gross operating margin +€39,859
up €39,859 (+19.2%), from €208,114 to €247,973
- Write-downs +€8,466
new in 2025: €8,466
- Taxes -€6,043
down €6,043 (-30.6%), from €19,719 to €13,677
- Depreciation +€5,630
up €5,630 (+5.0%), from €112,764 to €118,394
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,335,787 | €2,390,778 | +€54,991 | +2.4% |
| Fixed assets | 21/28 | €2,296,310 | €2,322,007 | +€25,697 | +1.1% |
| Tangible fixed assets | 22/27 | €2,296,310 | €2,322,007 | +€25,697 | +1.1% |
| Land and buildings | 22 | €2,214,297 | €2,246,886 | +€32,589 | +1.5% |
| Plant, machinery and equipment | 23 | €59,794 | €63,600 | +€3,806 | +6.4% |
| Furniture and vehicles | 24 | €22,219 | €11,521 | -€10,698 | -48.1% |
| Current assets | 29/58 | €39,477 | €68,771 | +€29,294 | +74.2% |
| Amounts receivable within one year | 40/41 | €30,100 | €33,135 | +€3,036 | +10.1% |
| Trade receivables | 40 | €86 | €3,242 | +€3,156 | +3668.0% |
| Other amounts receivable | 41 | €30,014 | €29,894 | -€120 | -0.4% |
| Cash at bank and in hand | 54/58 | €5,379 | €26,875 | +€21,496 | +399.6% |
| Deferred charges and accrued income | 490/1 | €3,998 | €8,761 | +€4,762 | +119.1% |
| Total equity and liabilities | 10/49 | €2,335,787 | €2,390,778 | +€54,991 | +2.4% |
| Equity | 10/15 | €518,091 | €546,960 | +€28,870 | +5.6% |
| Contributions | 10/11 | €372,730 | €372,730 | = | 0.0% |
| Reserves | 13 | €145,361 | €174,230 | +€28,870 | +19.9% |
| Distributable reserves | 133 | €145,361 | €174,230 | +€28,870 | +19.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,817,696 | €1,843,817 | +€26,121 | +1.4% |
| Amounts payable after more than one year | 17 | €602,321 | €545,821 | -€56,500 | -9.4% |
| Financial debts | 170/4 | €602,321 | €545,821 | -€56,500 | -9.4% |
| Amounts payable within one year | 42/48 | €1,203,911 | €1,239,239 | +€35,329 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €79,380 | €81,903 | +€2,523 | +3.2% |
| Financial debts | 43 | €5 | €5 | = | 0.0% |
| Credit institutions | 430/8 | €5 | €5 | = | 0.0% |
| Trade debts | 44 | €11,687 | €12,736 | +€1,049 | +9.0% |
| Suppliers | 440/4 | €11,687 | €12,736 | +€1,049 | +9.0% |
| Taxes, remuneration and social security | 45 | €14,628 | €16,271 | +€1,643 | +11.2% |
| Taxes | 450/3 | €14,628 | €16,271 | +€1,643 | +11.2% |
| Other amounts payable | 47/48 | €1,098,211 | €1,128,325 | +€30,114 | +2.7% |
| Accrued charges and deferred income | 492/3 | €11,464 | €58,757 | +€47,293 | +412.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,764 | €118,394 | +€5,630 | +5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,466 | +€8,466 | |
| Other operating charges | 640/8 | €17,414 | €20,286 | +€2,872 | +16.5% |
| Gross operating margin | 9900 | €208,114 | €247,973 | +€39,859 | +19.2% |
| Operating profit (loss) | 9901 | €77,936 | €100,827 | +€22,891 | +29.4% |
| Financial income | 75/76B | €10 | €17 | +€7 | +70.1% |
| Recurring financial income | 75 | €10 | €17 | +€7 | +70.1% |
| Financial charges | 65/66B | €12,454 | €58,297 | +€45,843 | +368.1% |
| Recurring financial charges | 65 | €12,454 | €58,297 | +€45,843 | +368.1% |
| Profit (loss) for the period before taxes | 9903 | €65,492 | €42,546 | -€22,946 | -35.0% |
| Income taxes | 67/77 | €19,719 | €13,677 | -€6,043 | -30.6% |
| Profit (loss) for the period | 9904 | €45,772 | €28,870 | -€16,903 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,772 | €28,870 | -€16,903 | -36.9% |
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 12 October 2026 via checked.be.