COMMERCE ORIENTAL: 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.
COMMERCE ORIENTAL
Largest movements
- Receivables after one year -€116,149
down €116,149 (-59.9%), from €193,890 to €77,741
- Receivables within one year -€9,904
down €9,904 (-19.4%), from €51,166 to €41,262
of which Trade receivables: -€51,166
- Short-term financial debts -€110,111
no longer reported in 2025 (was €110,111)
- Other debts -€15,700
no longer reported in 2025 (was €15,700)
- Gross operating margin -€40,134
down €40,134 (-99.2%), from €40,456 to €321
- Taxes +€1,150
new in 2025: €1,150
- Other operating charges +€563
new in 2025: €563
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,318 | €119,004 | -€126,314 | -51.5% |
| Fixed assets | 21/28 | €262 | - | -€262 | |
| Tangible fixed assets | 22/27 | €262 | - | -€262 | |
| Furniture and vehicles | 24 | €262 | - | -€262 | |
| Current assets | 29/58 | €245,056 | €119,004 | -€126,053 | -51.4% |
| Amounts receivable after more than one year | 29 | €193,890 | €77,741 | -€116,149 | -59.9% |
| Trade receivables | 290 | €193,890 | €77,741 | -€116,149 | -59.9% |
| Amounts receivable within one year | 40/41 | €51,166 | €41,262 | -€9,904 | -19.4% |
| Trade receivables | 40 | €51,166 | - | -€51,166 | |
| Other amounts receivable | 41 | - | €41,262 | +€41,262 | |
| Total equity and liabilities | 10/49 | €245,318 | €119,004 | -€126,314 | -51.5% |
| Equity | 10/15 | €119,507 | €117,854 | -€1,653 | -1.4% |
| Contributions | 10/11 | €24,745 | €24,745 | = | 0.0% |
| Capital | 10 | €24,745 | €24,745 | = | 0.0% |
| Issued capital | 100 | €24,745 | €24,745 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,902 | €91,249 | -€1,653 | -1.8% |
| Amounts payable | 17/49 | €125,811 | €1,150 | -€124,661 | -99.1% |
| Amounts payable within one year | 42/48 | €125,811 | €1,150 | -€124,661 | -99.1% |
| Financial debts | 43 | €110,111 | - | -€110,111 | |
| Credit institutions | 430/8 | €110,111 | - | -€110,111 | |
| Taxes, remuneration and social security | 45 | - | €1,150 | +€1,150 | |
| Taxes | 450/3 | - | €1,150 | +€1,150 | |
| Other amounts payable | 47/48 | €15,700 | - | -€15,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €262 | +€262 | |
| Other operating charges | 640/8 | - | €563 | +€563 | |
| Gross operating margin | 9900 | €40,456 | €321 | -€40,134 | -99.2% |
| Operating profit (loss) | 9901 | €40,456 | -€503 | -€40,959 | |
| Profit (loss) for the period before taxes | 9903 | €40,456 | -€503 | -€40,959 | |
| Income taxes | 67/77 | - | €1,150 | +€1,150 | |
| Profit (loss) for the period | 9904 | €40,456 | -€1,653 | -€42,109 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,456 | -€1,653 | -€42,109 |
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 3 October 2026 via checked.be.