COMPLEX FOAM: 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.
COMPLEX FOAM
Largest movements
- Receivables within one year +€210,452
up €210,452 (+388.5%), from €54,164 to €264,615
of which Trade receivables: +€200,400
- Stocks and contracts +€130,828
up €130,828 (+82.3%), from €158,874 to €289,702
- Cash +€28,618
up €28,618 (+2108.9%), from €1,357 to €29,975
mainly Other debts (+€132,540) and Net result for the year (+€127,500)
- Deferred charges and accrued income -€22,703
down €22,703 (-88.7%), from €25,608 to €2,905
- Tangible fixed assets -€8,364
down €8,364 (-30.4%), from €27,546 to €19,182
of which Furniture and vehicles: -€4,563
- Other debts +€132,540
up €132,540 (+1152.2%), from €11,503 to €144,044
- Profit (loss) carried forward +€127,500
up €127,500 (+30.4%), from -€418,903 to -€291,403
- Debts after one year +€51,434
up €51,434 (+26.7%), from €192,865 to €244,299
- Current portion of long-term debt +€19,568
up €19,568 (+69.9%), from €27,999 to €47,567
- Short-term financial debts +€19,045
up €19,045 (+14.4%), from €132,263 to €151,307
- Gross operating margin +€186,604
up €186,604 (+109.8%), from €169,943 to €356,547
- Staff costs +€96,109
up €96,109 (+105.4%), from €91,201 to €187,310
- Financial income -€33,015
down €33,015 (-63.3%), from €52,186 to €19,170
of which Non-recurring financial income: -€51,246
- Financial charges +€15,429
up €15,429 (+73.8%), from €20,906 to €36,335
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 | €267,799 | €610,743 | +€342,944 | +128.1% |
| Fixed assets | 21/28 | €27,796 | €23,545 | -€4,251 | -15.3% |
| Tangible fixed assets | 22/27 | €27,546 | €19,182 | -€8,364 | -30.4% |
| Plant, machinery and equipment | 23 | €17,358 | €14,476 | -€2,882 | -16.6% |
| Furniture and vehicles | 24 | €6,825 | €2,263 | -€4,563 | -66.8% |
| Other tangible fixed assets | 26 | €3,363 | €2,444 | -€919 | -27.3% |
| Financial fixed assets | 28 | €250 | €4,363 | +€4,113 | +1645.2% |
| Current assets | 29/58 | €240,003 | €587,197 | +€347,194 | +144.7% |
| Stocks and contracts in progress | 3 | €158,874 | €289,702 | +€130,828 | +82.3% |
| Stocks | 30/36 | €158,874 | €289,702 | +€130,828 | +82.3% |
| Amounts receivable within one year | 40/41 | €54,164 | €264,615 | +€210,452 | +388.5% |
| Trade receivables | 40 | €47,545 | €247,945 | +€200,400 | +421.5% |
| Other amounts receivable | 41 | €6,619 | €16,670 | +€10,051 | +151.8% |
| Cash at bank and in hand | 54/58 | €1,357 | €29,975 | +€28,618 | +2108.9% |
| Deferred charges and accrued income | 490/1 | €25,608 | €2,905 | -€22,703 | -88.7% |
| Total equity and liabilities | 10/49 | €267,799 | €610,743 | +€342,944 | +128.1% |
| Equity | 10/15 | -€277,401 | -€149,901 | +€127,500 | +46.0% |
| Contributions | 10/11 | €54,759 | €54,759 | = | 0.0% |
| Reserves | 13 | €86,742 | €86,742 | = | 0.0% |
| Tax-exempt reserves | 132 | €86,742 | €86,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€418,903 | -€291,403 | +€127,500 | +30.4% |
| Amounts payable | 17/49 | €545,201 | €760,644 | +€215,444 | +39.5% |
| Amounts payable after more than one year | 17 | €192,865 | €244,299 | +€51,434 | +26.7% |
| Financial debts | 170/4 | €192,865 | €244,299 | +€51,434 | +26.7% |
| Amounts payable within one year | 42/48 | €346,931 | €513,670 | +€166,738 | +48.1% |
| Current portion of amounts payable after more than one year | 42 | €27,999 | €47,567 | +€19,568 | +69.9% |
| Financial debts | 43 | €132,263 | €151,307 | +€19,045 | +14.4% |
| Credit institutions | 430/8 | €132,263 | €151,307 | +€19,045 | +14.4% |
| Trade debts | 44 | €154,240 | €149,012 | -€5,228 | -3.4% |
| Suppliers | 440/4 | €154,240 | €149,012 | -€5,228 | -3.4% |
| Taxes, remuneration and social security | 45 | €20,927 | €21,740 | +€813 | +3.9% |
| Taxes | 450/3 | €6,085 | €242 | -€5,843 | -96.0% |
| Remuneration and social security | 454/9 | €14,842 | €21,498 | +€6,657 | +44.9% |
| Other amounts payable | 47/48 | €11,503 | €144,044 | +€132,540 | +1152.2% |
| Accrued charges and deferred income | 492/3 | €5,404 | €2,675 | -€2,729 | -50.5% |
| Remuneration, social security and pensions | 62 | €91,201 | €187,310 | +€96,109 | +105.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,252 | €11,364 | +€2,111 | +22.8% |
| Other operating charges | 640/8 | €10,386 | €13,087 | +€2,700 | +26.0% |
| Non-recurring operating charges | 66A | €1,790 | - | -€1,790 | |
| Gross operating margin | 9900 | €169,943 | €356,547 | +€186,604 | +109.8% |
| Operating profit (loss) | 9901 | €57,313 | €144,787 | +€87,474 | +152.6% |
| Financial income | 75/76B | €52,186 | €19,170 | -€33,015 | -63.3% |
| Recurring financial income | 75 | €940 | €19,170 | +€18,230 | +1939.2% |
| Non-recurring financial income | 76B | €51,246 | - | -€51,246 | |
| Financial charges | 65/66B | €20,906 | €36,335 | +€15,429 | +73.8% |
| Recurring financial charges | 65 | €20,906 | €36,335 | +€15,429 | +73.8% |
| Profit (loss) for the period before taxes | 9903 | €88,594 | €127,623 | +€39,029 | +44.1% |
| Income taxes | 67/77 | €2,671 | €123 | -€2,548 | -95.4% |
| Profit (loss) for the period | 9904 | €85,922 | €127,500 | +€41,578 | +48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,922 | €127,500 | +€41,578 | +48.4% |
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 12 October 2026 via checked.be.