COMMANDER: 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.
COMMANDER
Largest movements
- Tangible fixed assets +€25,730
up €25,730 (+936.8%), from €2,747 to €28,477
of which Furniture and vehicles: +€25,830
- Receivables within one year +€17,281
up €17,281 (+85.1%), from €20,307 to €37,588
of which Trade receivables: +€15,840
- Stocks and contracts -€8,976
down €8,976 (-26.1%), from €34,358 to €25,382
- Cash -€4,724
down €4,724 (-55.3%), from €8,537 to €3,813
mainly Investment in fixed assets (net) (-€32,934) and Receivables within one year (-€17,281)
- Other debts +€27,766
up €27,766 (+25.9%), from €107,332 to €135,098
- Profit (loss) carried forward +€9,105
up €9,105 (+8.8%), from -€102,962 to -€93,856
- Reserves -€7,742
down €7,742 (-47.1%), from €16,450 to €8,708
of which Distributable reserves: -€7,742
- Trade debts +€1,528
up €1,528 (+10.3%), from €14,809 to €16,338
- Tax, wage and social debts -€1,342
down €1,342 (-100.0%), from €1,342 to €0
of which Remuneration and social security: -€1,150
- Gross operating margin +€23,867
up €23,867, from -€11,420 to €12,447
- Depreciation +€6,024
up €6,024 (+547.8%), from €1,100 to €7,123
- Other operating charges +€1,618
up €1,618 (+85.2%), from €1,898 to €3,516
- Taxes -€192
down €192 (-100.0%), from €192 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,413 | €107,687 | +€29,274 | +37.3% |
| Fixed assets | 21/28 | €2,867 | €28,677 | +€25,810 | +900.4% |
| Tangible fixed assets | 22/27 | €2,747 | €28,477 | +€25,730 | +936.8% |
| Plant, machinery and equipment | 23 | €1,100 | €1,000 | -€100 | -9.1% |
| Furniture and vehicles | 24 | €1,647 | €27,477 | +€25,830 | +1568.6% |
| Financial fixed assets | 28 | €120 | €200 | +€80 | +66.7% |
| Current assets | 29/58 | €75,546 | €79,010 | +€3,464 | +4.6% |
| Stocks and contracts in progress | 3 | €34,358 | €25,382 | -€8,976 | -26.1% |
| Stocks | 30/36 | €34,358 | €25,382 | -€8,976 | -26.1% |
| Amounts receivable within one year | 40/41 | €20,307 | €37,588 | +€17,281 | +85.1% |
| Trade receivables | 40 | €18,226 | €34,066 | +€15,840 | +86.9% |
| Other amounts receivable | 41 | €2,081 | €3,522 | +€1,441 | +69.2% |
| Cash at bank and in hand | 54/58 | €8,537 | €3,813 | -€4,724 | -55.3% |
| Deferred charges and accrued income | 490/1 | €12,344 | €12,227 | -€117 | -0.9% |
| Total equity and liabilities | 10/49 | €78,413 | €107,687 | +€29,274 | +37.3% |
| Equity | 10/15 | -€67,912 | -€66,549 | +€1,363 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,450 | €8,708 | -€7,742 | -47.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,590 | €6,848 | -€7,742 | -53.1% |
| Profit (loss) carried forward | 14 | -€102,962 | -€93,856 | +€9,105 | +8.8% |
| Amounts payable | 17/49 | €146,324 | €174,236 | +€27,911 | +19.1% |
| Amounts payable after more than one year | 17 | €22,800 | €22,800 | = | 0.0% |
| Financial debts | 170/4 | €22,800 | €22,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €123,524 | €151,436 | +€27,911 | +22.6% |
| Financial debts | 43 | €41 | €0 | -€41 | -100.0% |
| Credit institutions | 430/8 | €41 | €0 | -€41 | -100.0% |
| Trade debts | 44 | €14,809 | €16,338 | +€1,528 | +10.3% |
| Suppliers | 440/4 | €14,809 | €16,338 | +€1,528 | +10.3% |
| Taxes, remuneration and social security | 45 | €1,342 | €0 | -€1,342 | -100.0% |
| Taxes | 450/3 | €192 | €0 | -€192 | -100.0% |
| Remuneration and social security | 454/9 | €1,150 | €0 | -€1,150 | -100.0% |
| Other amounts payable | 47/48 | €107,332 | €135,098 | +€27,766 | +25.9% |
| Non-recurring operating income | 76A | - | €15,500 | +€15,500 | |
| Remuneration, social security and pensions | 62 | €0 | €61 | +€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €7,123 | +€6,024 | +547.8% |
| Other operating charges | 640/8 | €1,898 | €3,516 | +€1,618 | +85.2% |
| Gross operating margin | 9900 | -€11,420 | €12,447 | +€23,867 | |
| Operating profit (loss) | 9901 | -€14,417 | €1,748 | +€16,165 | |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.3% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.3% |
| Financial charges | 65/66B | €424 | €385 | -€39 | -9.2% |
| Recurring financial charges | 65 | €424 | €385 | -€39 | -9.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€14,825 | €1,363 | +€16,187 | |
| Income taxes | 67/77 | €192 | €0 | -€192 | -100.0% |
| Profit (loss) for the period | 9904 | -€15,016 | €1,363 | +€16,379 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,016 | €1,363 | +€16,379 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.