ComNav Technology Europe: 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.
ComNav Technology Europe
Largest movements
- Cash -€83,638
down €83,638 (-72.0%), from €116,105 to €32,467
mainly Net result for the year (-€170,034) and Investment in fixed assets (net) (-€22,096)
- Intangible fixed assets +€16,725
new in 2025: €16,725
- Receivables within one year -€2,524
down €2,524 (-4.6%), from €54,599 to €52,075
of which Other amounts receivable: -€31,521
- Tangible fixed assets +€1,772
new in 2025: €1,772
- Profit (loss) carried forward -€170,034
down €170,034 (-109.7%), from -€154,973 to -€325,007
- Tax, wage and social debts +€68,422
up €68,422 (+358.8%), from €19,068 to €87,490
- Trade debts +€33,551
up €33,551 (+112.3%), from €29,881 to €63,433
- Gross operating margin +€113,005
up €113,005, from -€106,717 to €6,287
- Staff costs +€112,700
up €112,700 (+252.8%), from €44,582 to €157,282
- Financial charges +€12,065
up €12,065 (+372.8%), from €3,236 to €15,301
- Depreciation +€3,600
new in 2025: €3,600
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 | €170,909 | €103,243 | -€67,666 | -39.6% |
| Fixed assets | 21/28 | €205 | €18,701 | +€18,496 | +9022.6% |
| Intangible fixed assets | 21 | - | €16,725 | +€16,725 | |
| Tangible fixed assets | 22/27 | - | €1,772 | +€1,772 | |
| Furniture and vehicles | 24 | - | €1,772 | +€1,772 | |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €170,704 | €84,541 | -€86,162 | -50.5% |
| Amounts receivable within one year | 40/41 | €54,599 | €52,075 | -€2,524 | -4.6% |
| Trade receivables | 40 | €13,020 | €42,016 | +€28,996 | +222.7% |
| Other amounts receivable | 41 | €41,579 | €10,058 | -€31,521 | -75.8% |
| Cash at bank and in hand | 54/58 | €116,105 | €32,467 | -€83,638 | -72.0% |
| Total equity and liabilities | 10/49 | €170,909 | €103,243 | -€67,666 | -39.6% |
| Equity | 10/15 | -€130,041 | -€300,075 | -€170,034 | -130.8% |
| Contributions | 10/11 | €24,932 | €24,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,973 | -€325,007 | -€170,034 | -109.7% |
| Amounts payable | 17/49 | €300,949 | €403,317 | +€102,368 | +34.0% |
| Amounts payable within one year | 42/48 | €300,949 | €403,317 | +€102,368 | +34.0% |
| Trade debts | 44 | €29,881 | €63,433 | +€33,551 | +112.3% |
| Suppliers | 440/4 | €29,881 | €63,433 | +€33,551 | +112.3% |
| Taxes, remuneration and social security | 45 | €19,068 | €87,490 | +€68,422 | +358.8% |
| Remuneration and social security | 454/9 | €19,068 | €87,490 | +€68,422 | +358.8% |
| Other amounts payable | 47/48 | €252,000 | €252,395 | +€395 | +0.2% |
| Remuneration, social security and pensions | 62 | €44,582 | €157,282 | +€112,700 | +252.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,600 | +€3,600 | |
| Other operating charges | 640/8 | €437 | €51 | -€386 | -88.3% |
| Gross operating margin | 9900 | -€106,717 | €6,287 | +€113,005 | |
| Operating profit (loss) | 9901 | -€151,737 | -€154,646 | -€2,909 | -1.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.6% |
| Financial charges | 65/66B | €3,236 | €15,301 | +€12,065 | +372.8% |
| Recurring financial charges | 65 | €3,236 | €15,301 | +€12,065 | +372.8% |
| Profit (loss) for the period before taxes | 9903 | -€154,973 | -€169,947 | -€14,974 | -9.7% |
| Income taxes | 67/77 | - | €87 | +€87 | |
| Profit (loss) for the period | 9904 | -€154,973 | -€170,034 | -€15,061 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€154,973 | -€170,034 | -€15,061 | -9.7% |
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 7 October 2026 via checked.be.