COMPUTERSMSA: 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.
COMPUTERSMSA
Largest movements
- Stocks and contracts +€215,027
up €215,027 (+220.6%), from €97,482 to €312,509
- Cash +€99,639
up €99,639 (+16.1%), from €619,975 to €719,614
mainly Other debts (+€183,512) and Net result for the year (+€165,230)
- Financial fixed assets -€57,983
down €57,983 (-92.9%), from €62,434 to €4,451
- Tangible fixed assets -€14,358
down €14,358 (-9.6%), from €150,203 to €135,845
of which Furniture and vehicles: -€7,614
- Other debts +€183,512
up €183,512 (+593.1%), from €30,942 to €214,454
- Trade debts +€80,409
up €80,409 (+75.5%), from €106,435 to €186,845
- Reserves -€34,800
down €34,800 (-5.6%), from €622,360 to €587,560
of which Distributable reserves: -€34,800
- Gross operating margin +€184,798
up €184,798 (+87.3%), from €211,768 to €396,566
- Write-downs +€111,276
new in 2025: €111,276
- Taxes +€28,375
up €28,375 (+57.0%), from €49,805 to €78,180
- Financial income +€16,742
up €16,742 (+230.6%), from €7,259 to €24,002
- Financial charges +€6,165
up €6,165 (+92.0%), from €6,698 to €12,863
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 | €1,136,111 | €1,369,516 | +€233,405 | +20.5% |
| Fixed assets | 21/28 | €213,537 | €140,747 | -€72,790 | -34.1% |
| Intangible fixed assets | 21 | €900 | €450 | -€450 | -50.0% |
| Tangible fixed assets | 22/27 | €150,203 | €135,845 | -€14,358 | -9.6% |
| Land and buildings | 22 | €123,668 | €116,924 | -€6,743 | -5.5% |
| Furniture and vehicles | 24 | €26,535 | €18,921 | -€7,614 | -28.7% |
| Financial fixed assets | 28 | €62,434 | €4,451 | -€57,983 | -92.9% |
| Current assets | 29/58 | €922,574 | €1,228,769 | +€306,195 | +33.2% |
| Stocks and contracts in progress | 3 | €97,482 | €312,509 | +€215,027 | +220.6% |
| Stocks | 30/36 | €97,482 | €312,509 | +€215,027 | +220.6% |
| Amounts receivable within one year | 40/41 | €199,653 | €194,496 | -€5,157 | -2.6% |
| Trade receivables | 40 | €187,653 | €84,281 | -€103,372 | -55.1% |
| Other amounts receivable | 41 | €12,000 | €110,215 | +€98,215 | +818.5% |
| Cash at bank and in hand | 54/58 | €619,975 | €719,614 | +€99,639 | +16.1% |
| Deferred charges and accrued income | 490/1 | €5,464 | €2,150 | -€3,314 | -60.6% |
| Total equity and liabilities | 10/49 | €1,136,111 | €1,369,516 | +€233,405 | +20.5% |
| Equity | 10/15 | €923,622 | €888,178 | -€35,444 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €622,360 | €587,560 | -€34,800 | -5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €620,500 | €585,700 | -€34,800 | -5.6% |
| Profit (loss) carried forward | 14 | €270,296 | €270,326 | +€30 | 0.0% |
| Investment grants | 15 | €12,367 | €11,692 | -€674 | -5.5% |
| Amounts payable | 17/49 | €212,489 | €481,338 | +€268,849 | +126.5% |
| Amounts payable within one year | 42/48 | €212,489 | €481,338 | +€268,849 | +126.5% |
| Trade debts | 44 | €106,435 | €186,845 | +€80,409 | +75.5% |
| Suppliers | 440/4 | €106,435 | €186,845 | +€80,409 | +75.5% |
| Taxes, remuneration and social security | 45 | €75,111 | €80,038 | +€4,927 | +6.6% |
| Taxes | 450/3 | €66,467 | €71,113 | +€4,646 | +7.0% |
| Remuneration and social security | 454/9 | €8,645 | €8,925 | +€281 | +3.2% |
| Other amounts payable | 47/48 | €30,942 | €214,454 | +€183,512 | +593.1% |
| Non-recurring operating income | 76A | €4,977 | - | -€4,977 | |
| Remuneration, social security and pensions | 62 | €34,196 | €34,986 | +€790 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,808 | €14,808 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €111,276 | +€111,276 | |
| Other operating charges | 640/8 | €3,463 | €3,225 | -€238 | -6.9% |
| Gross operating margin | 9900 | €211,768 | €396,566 | +€184,798 | +87.3% |
| Operating profit (loss) | 9901 | €159,301 | €232,271 | +€72,970 | +45.8% |
| Financial income | 75/76B | €7,259 | €24,002 | +€16,742 | +230.6% |
| Recurring financial income | 75 | €7,259 | €24,002 | +€16,742 | +230.6% |
| Financial charges | 65/66B | €6,698 | €12,863 | +€6,165 | +92.0% |
| Recurring financial charges | 65 | €6,698 | €12,863 | +€6,165 | +92.0% |
| Profit (loss) for the period before taxes | 9903 | €159,863 | €243,410 | +€83,547 | +52.3% |
| Income taxes | 67/77 | €49,805 | €78,180 | +€28,375 | +57.0% |
| Profit (loss) for the period | 9904 | €110,058 | €165,230 | +€55,172 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €110,058 | €165,230 | +€55,172 | +50.1% |
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 2 October 2026 via checked.be.