COMNAMUR: 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.
COMNAMUR
Largest movements
- Receivables after one year -€58,594
down €58,594 (-30.5%), from €192,345 to €133,751
- Tangible fixed assets -€9,345
down €9,345 (-8.4%), from €111,036 to €101,691
of which Plant, machinery and equipment: -€7,102
- Cash -€5,407
down €5,407 (-90.9%), from €5,948 to €541
mainly Net result for the year (-€114,341)
- Profit (loss) carried forward -€114,341
down €114,341 (-265%), from -€43,159 to -€157,500
- Debts after one year +€39,745
up €39,745 (+31.7%), from €125,417 to €165,163
- Gross operating margin -€42,931
down €42,931 (-85.7%), from -€50,101 to -€93,032
- Financial income -€4,075
down €4,075 (-42.9%), from €9,488 to €5,413
- Financial charges -€1,035
down €1,035 (-17.1%), from €6,044 to €5,009
- Depreciation -€1,008
down €1,008 (-9.7%), from €10,352 to €9,345
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €310,068 | €236,746 | -€73,323 | -23.6% |
| Fixed assets | 21/28 | €111,036 | €101,691 | -€9,345 | -8.4% |
| Tangible fixed assets | 22/27 | €111,036 | €101,691 | -€9,345 | -8.4% |
| Land and buildings | 22 | €95,546 | €93,303 | -€2,242 | -2.3% |
| Plant, machinery and equipment | 23 | €15,490 | €8,387 | -€7,102 | -45.9% |
| Current assets | 29/58 | €199,033 | €135,055 | -€63,978 | -32.1% |
| Amounts receivable after more than one year | 29 | €192,345 | €133,751 | -€58,594 | -30.5% |
| Other amounts receivable | 291 | €192,345 | €133,751 | -€58,594 | -30.5% |
| Cash at bank and in hand | 54/58 | €5,948 | €541 | -€5,407 | -90.9% |
| Deferred charges and accrued income | 490/1 | €740 | €763 | +€23 | +3.1% |
| Total equity and liabilities | 10/49 | €310,068 | €236,746 | -€73,323 | -23.6% |
| Equity | 10/15 | €171,577 | €57,236 | -€114,341 | -66.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €196,144 | €196,144 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €196,144 | €196,144 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,159 | -€157,500 | -€114,341 | -265% |
| Amounts payable | 17/49 | €138,491 | €179,509 | +€41,018 | +29.6% |
| Amounts payable after more than one year | 17 | €125,417 | €165,163 | +€39,745 | +31.7% |
| Other amounts payable | 178/9 | €125,417 | €165,163 | +€39,745 | +31.7% |
| Amounts payable within one year | 42/48 | €6,045 | €7,097 | +€1,052 | +17.4% |
| Trade debts | 44 | €6,045 | €7,097 | +€1,052 | +17.4% |
| Suppliers | 440/4 | €6,045 | €7,097 | +€1,052 | +17.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €7,029 | €7,250 | +€221 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,352 | €9,345 | -€1,008 | -9.7% |
| Other operating charges | 640/8 | €12,013 | €12,368 | +€355 | +3.0% |
| Gross operating margin | 9900 | -€50,101 | -€93,032 | -€42,931 | -85.7% |
| Operating profit (loss) | 9901 | -€72,467 | -€114,745 | -€42,278 | -58.3% |
| Financial income | 75/76B | €9,488 | €5,413 | -€4,075 | -42.9% |
| Recurring financial income | 75 | €9,488 | €5,413 | -€4,075 | -42.9% |
| Financial charges | 65/66B | €6,044 | €5,009 | -€1,035 | -17.1% |
| Recurring financial charges | 65 | €6,044 | €5,009 | -€1,035 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€69,023 | -€114,341 | -€45,317 | -65.7% |
| Income taxes | 67/77 | -€10 | €0 | +€10 | |
| Profit (loss) for the period | 9904 | -€69,014 | -€114,341 | -€45,327 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,014 | -€114,341 | -€45,327 | -65.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.