COMITH: 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.
COMITH
Largest movements
- Receivables within one year +€117,257
up €117,257 (+15.1%), from €778,093 to €895,351
of which Trade receivables: +€90,487
- Cash +€77,414
up €77,414 (+26.8%), from €288,620 to €366,034
mainly Net result for the year (+€193,389) and Tax, wage and social debts (+€163,162)
- Tangible fixed assets -€31,192
down €31,192 (-15.8%), from €197,716 to €166,524
of which Plant, machinery and equipment: -€39,957
- Intangible fixed assets -€19,627
down €19,627 (-100.0%), from €19,627 to €0
- Tax, wage and social debts +€163,162
up €163,162 (+260.8%), from €62,557 to €225,718
of which Remuneration and social security: +€173,745
- Provisions -€159,176
down €159,176 (-100.0%), from €159,176 to €0
- Other debts +€100,000
new in 2025: €100,000
- Profit (loss) carried forward +€93,389
up €93,389 (+18.3%), from €510,097 to €603,486
- Trade debts +€55,860
up €55,860 (+28.8%), from €193,825 to €249,685
- Gross operating margin +€239,234
up €239,234 (+15.8%), from €1.5m to €1.7m
- Staff costs +€190,437
up €190,437 (+14.1%), from €1.4m to €1.5m
- Provisions -€169,132
down €169,132, from €9,956 to -€159,176
- Taxes +€25,710
up €25,710 (+170.7%), from €15,065 to €40,775
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 | €1,300,600 | €1,446,232 | +€145,632 | +11.2% |
| Fixed assets | 21/28 | €217,343 | €166,524 | -€50,818 | -23.4% |
| Intangible fixed assets | 21 | €19,627 | €0 | -€19,627 | -100.0% |
| Tangible fixed assets | 22/27 | €197,716 | €166,524 | -€31,192 | -15.8% |
| Plant, machinery and equipment | 23 | €197,716 | €157,759 | -€39,957 | -20.2% |
| Furniture and vehicles | 24 | €0 | €8,765 | +€8,765 | |
| Current assets | 29/58 | €1,083,258 | €1,279,708 | +€196,450 | +18.1% |
| Stocks and contracts in progress | 3 | €3,343 | €629 | -€2,714 | -81.2% |
| Stocks | 30/36 | €3,343 | €629 | -€2,714 | -81.2% |
| Amounts receivable within one year | 40/41 | €778,093 | €895,351 | +€117,257 | +15.1% |
| Trade receivables | 40 | €778,011 | €868,498 | +€90,487 | +11.6% |
| Other amounts receivable | 41 | €82 | €26,853 | +€26,771 | +32559.7% |
| Cash at bank and in hand | 54/58 | €288,620 | €366,034 | +€77,414 | +26.8% |
| Deferred charges and accrued income | 490/1 | €13,202 | €17,694 | +€4,492 | +34.0% |
| Total equity and liabilities | 10/49 | €1,300,600 | €1,446,232 | +€145,632 | +11.2% |
| Equity | 10/15 | €606,861 | €700,249 | +€93,389 | +15.4% |
| Contributions | 10/11 | €73,493 | €73,493 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €11,493 | €11,493 | = | 0.0% |
| Share premium | 1100/10 | €11,493 | €11,493 | = | 0.0% |
| Reserves | 13 | €23,270 | €23,270 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €17,070 | €17,070 | = | 0.0% |
| Profit (loss) carried forward | 14 | €510,097 | €603,486 | +€93,389 | +18.3% |
| Provisions and deferred taxes | 16 | €159,176 | €0 | -€159,176 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €159,176 | €0 | -€159,176 | -100.0% |
| Other liabilities and charges | 164/5 | €159,176 | €0 | -€159,176 | -100.0% |
| Amounts payable | 17/49 | €534,563 | €745,983 | +€211,419 | +39.5% |
| Amounts payable after more than one year | 17 | €34,249 | €0 | -€34,249 | -100.0% |
| Financial debts | 170/4 | €34,249 | €0 | -€34,249 | -100.0% |
| Amounts payable within one year | 42/48 | €332,790 | €614,080 | +€281,290 | +84.5% |
| Current portion of amounts payable after more than one year | 42 | €71,328 | €33,596 | -€37,732 | -52.9% |
| Trade debts | 44 | €193,825 | €249,685 | +€55,860 | +28.8% |
| Suppliers | 440/4 | €193,825 | €249,685 | +€55,860 | +28.8% |
| Advances received on contracts in progress | 46 | €5,080 | €5,080 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €62,557 | €225,718 | +€163,162 | +260.8% |
| Taxes | 450/3 | €62,557 | €51,973 | -€10,583 | -16.9% |
| Remuneration and social security | 454/9 | - | €173,745 | +€173,745 | |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €167,525 | €131,903 | -€35,621 | -21.3% |
| Remuneration, social security and pensions | 62 | €1,351,204 | €1,541,641 | +€190,437 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,604 | €126,939 | +€335 | +0.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €9,956 | -€159,176 | -€169,132 | |
| Other operating charges | 640/8 | €2,809 | €4,124 | +€1,315 | +46.8% |
| Gross operating margin | 9900 | €1,509,989 | €1,749,222 | +€239,234 | +15.8% |
| Operating profit (loss) | 9901 | €19,416 | €235,695 | +€216,279 | +1113.9% |
| Financial income | 75/76B | €31 | €0 | -€31 | -98.5% |
| Recurring financial income | 75 | €31 | €0 | -€31 | -98.5% |
| Financial charges | 65/66B | €2,179 | €1,532 | -€647 | -29.7% |
| Recurring financial charges | 65 | €2,179 | €1,532 | -€647 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €17,268 | €234,164 | +€216,895 | +1256.0% |
| Income taxes | 67/77 | €15,065 | €40,775 | +€25,710 | +170.7% |
| Profit (loss) for the period | 9904 | €2,203 | €193,389 | +€191,185 | +8677.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,203 | €193,389 | +€191,185 | +8677.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.