&COMM: 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.
&COMM
Largest movements
- Current investments +€26,955
up €26,955 (+69.1%), from €38,995 to €65,950
- Receivables within one year -€13,485
down €13,485 (-44.3%), from €30,416 to €16,931
of which Other amounts receivable: -€10,824
- Cash +€4,109
up €4,109 (+2.9%), from €142,832 to €146,941
mainly Net result for the year (+€19,695) and Receivables within one year (+€13,485)
- Tangible fixed assets -€3,345
down €3,345 (-32.9%), from €10,169 to €6,824
of which Furniture and vehicles: -€3,032
- Reserves +€19,695
up €19,695 (+11.4%), from €173,452 to €193,147
- Tax, wage and social debts -€6,111
down €6,111 (-49.8%), from €12,263 to €6,152
- Other debts +€3,334
up €3,334 (+9.6%), from €34,674 to €38,008
- Advances received -€3,200
no longer reported in 2025 (was €3,200)
- Gross operating margin +€16,317
up €16,317 (+29.0%), from €56,201 to €72,518
- Financial charges +€12,270
up €12,270 (+38.7%), from €31,680 to €43,950
- Depreciation +€1,324
up €1,324 (+65.5%), from €2,022 to €3,345
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 | €223,743 | €238,100 | +€14,357 | +6.4% |
| Fixed assets | 21/28 | €10,169 | €6,824 | -€3,345 | -32.9% |
| Tangible fixed assets | 22/27 | €10,169 | €6,824 | -€3,345 | -32.9% |
| Furniture and vehicles | 24 | €8,208 | €5,176 | -€3,032 | -36.9% |
| Other tangible fixed assets | 26 | €1,961 | €1,647 | -€313 | -16.0% |
| Current assets | 29/58 | €213,574 | €231,277 | +€17,702 | +8.3% |
| Amounts receivable within one year | 40/41 | €30,416 | €16,931 | -€13,485 | -44.3% |
| Trade receivables | 40 | €16,699 | €14,038 | -€2,661 | -15.9% |
| Other amounts receivable | 41 | €13,717 | €2,894 | -€10,824 | -78.9% |
| Current investments | 50/53 | €38,995 | €65,950 | +€26,955 | +69.1% |
| Cash at bank and in hand | 54/58 | €142,832 | €146,941 | +€4,109 | +2.9% |
| Deferred charges and accrued income | 490/1 | €1,332 | €1,454 | +€122 | +9.2% |
| Total equity and liabilities | 10/49 | €223,743 | €238,100 | +€14,357 | +6.4% |
| Equity | 10/15 | €173,452 | €193,147 | +€19,695 | +11.4% |
| Reserves | 13 | €173,452 | €193,147 | +€19,695 | +11.4% |
| Distributable reserves | 133 | €173,452 | €193,147 | +€19,695 | +11.4% |
| Amounts payable | 17/49 | €50,292 | €44,953 | -€5,338 | -10.6% |
| Amounts payable within one year | 42/48 | €50,292 | €44,953 | -€5,338 | -10.6% |
| Trade debts | 44 | €154 | €793 | +€639 | +414.7% |
| Suppliers | 440/4 | €154 | €793 | +€639 | +414.7% |
| Advances received on contracts in progress | 46 | €3,200 | - | -€3,200 | |
| Taxes, remuneration and social security | 45 | €12,263 | €6,152 | -€6,111 | -49.8% |
| Taxes | 450/3 | €12,263 | €6,152 | -€6,111 | -49.8% |
| Other amounts payable | 47/48 | €34,674 | €38,008 | +€3,334 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,022 | €3,345 | +€1,324 | +65.5% |
| Other operating charges | 640/8 | - | €6 | +€6 | |
| Gross operating margin | 9900 | €56,201 | €72,518 | +€16,317 | +29.0% |
| Operating profit (loss) | 9901 | €54,180 | €69,167 | +€14,987 | +27.7% |
| Financial income | 75/76B | €2,702 | €2,189 | -€514 | -19.0% |
| Recurring financial income | 75 | €2,702 | €2,189 | -€514 | -19.0% |
| Financial charges | 65/66B | €31,680 | €43,950 | +€12,270 | +38.7% |
| Recurring financial charges | 65 | €31,680 | €43,950 | +€12,270 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €25,202 | €27,405 | +€2,204 | +8.7% |
| Income taxes | 67/77 | €7,093 | €7,710 | +€617 | +8.7% |
| Profit (loss) for the period | 9904 | €18,108 | €19,695 | +€1,587 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,108 | €19,695 | +€1,587 | +8.8% |
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 10 October 2026 via checked.be.