Commax: 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.
Commax
Largest movements
- Receivables within one year -€282,585
down €282,585 (-92.2%), from €306,459 to €23,874
of which Trade receivables: -€146,558
- Stocks and contracts -€126,432
down €126,432 (-100.0%), from €126,432 to €0
- Cash +€51,650
up €51,650 (+996.0%), from €5,186 to €56,835
mainly Receivables within one year (+€282,585) and Stocks and contracts (+€126,432)
- Tangible fixed assets +€4,505
new in 2025: €4,505
- Advances received -€153,253
down €153,253 (-100.0%), from €153,253 to €0
- Trade debts -€120,080
down €120,080 (-95.6%), from €125,585 to €5,505
- Other debts -€40,714
down €40,714 (-61.5%), from €66,246 to €25,532
- Short-term financial debts -€35,350
down €35,350 (-100.0%), from €35,350 to €0
- Current portion of long-term debt -€9,905
down €9,905 (-100.0%), from €9,905 to €0
- Gross operating margin -€14,004
down €14,004 (-58.3%), from €24,027 to €10,022
- Financial charges -€5,768
down €5,768 (-81.7%), from €7,060 to €1,292
- Taxes -€2,357
down €2,357 (-50.3%), from €4,691 to €2,334
- Depreciation +€995
new in 2025: €995
- Other operating charges +€581
up €581 (+178.0%), from €326 to €907
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 | €438,077 | €86,030 | -€352,047 | -80.4% |
| Fixed assets | 21/28 | - | €4,505 | +€4,505 | |
| Tangible fixed assets | 22/27 | - | €4,505 | +€4,505 | |
| Furniture and vehicles | 24 | - | €4,505 | +€4,505 | |
| Current assets | 29/58 | €438,077 | €81,524 | -€356,552 | -81.4% |
| Stocks and contracts in progress | 3 | €126,432 | €0 | -€126,432 | -100.0% |
| Stocks | 30/36 | €126,432 | €0 | -€126,432 | -100.0% |
| Amounts receivable within one year | 40/41 | €306,459 | €23,874 | -€282,585 | -92.2% |
| Trade receivables | 40 | €151,629 | €5,072 | -€146,558 | -96.7% |
| Other amounts receivable | 41 | €154,830 | €18,802 | -€136,027 | -87.9% |
| Cash at bank and in hand | 54/58 | €5,186 | €56,835 | +€51,650 | +996.0% |
| Deferred charges and accrued income | 490/1 | €0 | €815 | +€815 | |
| Total equity and liabilities | 10/49 | €438,077 | €86,030 | -€352,047 | -80.4% |
| Equity | 10/15 | €40,650 | €45,145 | +€4,495 | +11.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €38,150 | €42,645 | +€4,495 | +11.8% |
| Distributable reserves | 133 | €38,150 | €42,645 | +€4,495 | +11.8% |
| Amounts payable | 17/49 | €397,426 | €40,885 | -€356,542 | -89.7% |
| Amounts payable within one year | 42/48 | €397,426 | €40,885 | -€356,542 | -89.7% |
| Current portion of amounts payable after more than one year | 42 | €9,905 | €0 | -€9,905 | -100.0% |
| Financial debts | 43 | €35,350 | €0 | -€35,350 | -100.0% |
| Credit institutions | 430/8 | €35,350 | €0 | -€35,350 | -100.0% |
| Trade debts | 44 | €125,585 | €5,505 | -€120,080 | -95.6% |
| Suppliers | 440/4 | €125,585 | €5,505 | -€120,080 | -95.6% |
| Advances received on contracts in progress | 46 | €153,253 | €0 | -€153,253 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,087 | €9,848 | +€2,761 | +39.0% |
| Taxes | 450/3 | €7,087 | €9,848 | +€2,761 | +39.0% |
| Other amounts payable | 47/48 | €66,246 | €25,532 | -€40,714 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €995 | +€995 | |
| Other operating charges | 640/8 | €326 | €907 | +€581 | +178.0% |
| Gross operating margin | 9900 | €24,027 | €10,022 | -€14,004 | -58.3% |
| Operating profit (loss) | 9901 | €23,700 | €8,121 | -€15,580 | -65.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,060 | €1,292 | -€5,768 | -81.7% |
| Recurring financial charges | 65 | €7,060 | €1,292 | -€5,768 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | €16,640 | €6,829 | -€9,811 | -59.0% |
| Income taxes | 67/77 | €4,691 | €2,334 | -€2,357 | -50.3% |
| Profit (loss) for the period | 9904 | €11,949 | €4,495 | -€7,454 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,949 | €4,495 | -€7,454 | -62.4% |
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.