COMMERCE INVEST: 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.
What changed
COMMERCE INVEST
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€123,739
2024 · -€227,802+€104,063
Equity
€213,586
2024 · €337,325-€123,739
Cash
€109,531
2024 · €7,125+€102,407
Balance sheet total
€16.7m
2024 · €16.2m+€465,575
Largest movements
Assets
- Stocks and contracts +€432,569
up €432,569 (+2.7%), from €16.1m to €16.6m
Equity and liabilities
- Debts after one year +€476,500
up €476,500 (+3.1%), from €15.4m to €15.9m
Income statement
- Goods and materials -€653,831
down €653,831 (-100%), from €653,831 to €0
of which Change in stocks: decrease (increase): -€653,831
- Turnover -€603,651
down €603,651 (-87.2%), from €692,221 to €88,571
- Financial charges -€50,034
down €50,034 (-21.5%), from €232,668 to €182,634
- Services and other goods -€32,936
down €32,936 (-26.6%), from €123,942 to €91,006
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.
Result 2024
-€227,802
Turnover
-€603,651
Goods and materials
+€653,831
Services and other goods
+€32,936
Other operating charges
+€6,593
Other operating items
-€38,590
Financial income
+€2,909
Financial charges
+€50,034
Result 2025
-€123,739
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€374,094
Investment
€0
Financing
+€476,500
Cash 2024
€7,125
From operations (derived)
-€374,094
Net result for the year
-€123,739
Stocks and contracts
-€432,569
Deferred charges and accrued income
+€69,401
Trade debts
+€17,936
Advances received
+€65,750
Other debts
-€5,280
Accrued charges and deferred income
+€34,408
Financing
+€476,500
Debts after one year
+€476,500
Cash 2025
€109,531
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,210,358 | €16,675,932 | +€465,575 | +2.9% |
| Current assets | 29/58 | €16,210,358 | €16,675,932 | +€465,575 | +2.9% |
| Stocks and contracts in progress | 3 | €16,122,757 | €16,555,326 | +€432,569 | +2.7% |
| Stocks | 30/36 | €16,122,757 | €16,555,326 | +€432,569 | +2.7% |
| Property held for sale | 35 | €16,122,757 | €16,555,326 | +€432,569 | +2.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,125 | €109,531 | +€102,407 | +1,437% |
| Deferred charges and accrued income | 490/1 | €80,476 | €11,075 | -€69,401 | -86.2% |
| Total equity and liabilities | 10/49 | €16,210,358 | €16,675,932 | +€465,575 | +2.9% |
| Equity | 10/15 | €337,325 | €213,586 | -€123,739 | -36.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €318,775 | €195,036 | -€123,739 | -38.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €316,920 | €193,181 | -€123,739 | -39.0% |
| Amounts payable | 17/49 | €15,873,033 | €16,462,347 | +€589,314 | +3.7% |
| Amounts payable after more than one year | 17 | €15,436,344 | €15,912,844 | +€476,500 | +3.1% |
| Financial debts | 170/4 | €15,436,344 | €15,912,844 | +€476,500 | +3.1% |
| Credit institutions | 173 | €12,119,000 | €12,119,000 | = | 0.0% |
| Other loans | 174 | €3,317,344 | €3,793,844 | +€476,500 | +14.4% |
| Amounts payable within one year | 42/48 | €74,356 | €152,763 | +€78,406 | +105% |
| Trade debts | 44 | €17,936 | €35,872 | +€17,936 | +100% |
| Suppliers | 440/4 | €17,936 | €35,872 | +€17,936 | +100% |
| Advances received on contracts in progress | 46 | €51,141 | €116,891 | +€65,750 | +129% |
| Other amounts payable | 47/48 | €5,280 | €0 | -€5,280 | -100% |
| Accrued charges and deferred income | 492/3 | €362,333 | €396,740 | +€34,408 | +9.5% |
| Operating income | 70/76A | €823,773 | €180,655 | -€643,118 | -78.1% |
| Turnover | 70 | €692,221 | €88,571 | -€603,651 | -87.2% |
| Non-recurring operating income | 76A | €131,551 | €92,084 | -€39,467 | -30.0% |
| Operating charges | 60/66A | €818,907 | €124,669 | -€694,238 | -84.8% |
| Goods for resale, raw materials and consumables | 60 | €653,831 | €0 | -€653,831 | -100% |
| Purchases | 600/8 | €0 | - | = | |
| Change in stocks: decrease (increase) | 609 | €653,831 | €0 | -€653,831 | -100% |
| Services and other goods | 61 | €123,942 | €91,006 | -€32,936 | -26.6% |
| Other operating charges | 640/8 | €40,256 | €33,663 | -€6,593 | -16.4% |
| Non-recurring operating charges | 66A | €877 | €0 | -€877 | -100% |
| Operating profit (loss) | 9901 | €4,866 | €55,985 | +€51,120 | +1,051% |
| Financial income | 75/76B | - | €2,909 | +€2,909 | |
| Recurring financial income | 75 | - | €2,909 | +€2,909 | |
| Income from current assets | 751 | - | €2,909 | +€2,909 | |
| Financial charges | 65/66B | €232,668 | €182,634 | -€50,034 | -21.5% |
| Recurring financial charges | 65 | €232,668 | €182,634 | -€50,034 | -21.5% |
| Debt charges | 650 | €196,311 | €148,518 | -€47,793 | -24.3% |
| Other financial charges | 652/9 | €36,357 | €34,116 | -€2,241 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€227,802 | -€123,739 | +€104,063 | +45.7% |
| Profit (loss) for the period | 9904 | -€227,802 | -€123,739 | +€104,063 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€227,802 | -€123,739 | +€104,063 | +45.7% |
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 17 October 2026 via checked.be.