COMSBOX: 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.
COMSBOX
Largest movements
- Tangible fixed assets +€31,211
up €31,211 (+10.9%), from €285,813 to €317,024
of which Leasing and similar rights: +€41,686
- Receivables within one year +€5,390
up €5,390 (+16.0%), from €33,727 to €39,117
of which Trade receivables: +€5,390
- Reserves +€24,885
up €24,885 (+19.0%), from €131,279 to €156,164
- Tax, wage and social debts -€20,247
down €20,247 (-61.4%), from €32,981 to €12,734
- Current portion of long-term debt +€13,004
up €13,004 (+81.1%), from €16,026 to €29,030
- Debts after one year +€12,792
up €12,792 (+7.5%), from €169,450 to €182,242
- Other debts +€5,279
up €5,279 (+19.5%), from €27,038 to €32,317
- Depreciation +€7,355
up €7,355 (+48.8%), from €15,078 to €22,433
- Gross operating margin +€7,092
up €7,092 (+12.4%), from €56,972 to €64,064
- Financial charges +€1,093
up €1,093 (+39.1%), from €2,793 to €3,886
- Other operating charges +€906
up €906 (+108.6%), from €834 to €1,740
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 | €388,010 | €424,330 | +€36,320 | +9.4% |
| Fixed assets | 21/28 | €285,813 | €317,024 | +€31,211 | +10.9% |
| Tangible fixed assets | 22/27 | €285,813 | €317,024 | +€31,211 | +10.9% |
| Land and buildings | 22 | €279,452 | €269,503 | -€9,949 | -3.6% |
| Plant, machinery and equipment | 23 | €2,510 | €1,847 | -€663 | -26.4% |
| Furniture and vehicles | 24 | €3,851 | €3,988 | +€137 | +3.6% |
| Leasing and similar rights | 25 | - | €41,686 | +€41,686 | |
| Current assets | 29/58 | €102,197 | €107,306 | +€5,109 | +5.0% |
| Amounts receivable within one year | 40/41 | €33,727 | €39,117 | +€5,390 | +16.0% |
| Trade receivables | 40 | €12,570 | €17,960 | +€5,390 | +42.9% |
| Other amounts receivable | 41 | €21,157 | €21,157 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,632 | €66,232 | -€1,400 | -2.1% |
| Deferred charges and accrued income | 490/1 | €838 | €1,957 | +€1,119 | +133.5% |
| Total equity and liabilities | 10/49 | €388,010 | €424,330 | +€36,320 | +9.4% |
| Equity | 10/15 | €142,439 | €167,324 | +€24,885 | +17.5% |
| Contributions | 10/11 | €11,160 | €11,160 | = | 0.0% |
| Reserves | 13 | €131,279 | €156,164 | +€24,885 | +19.0% |
| Distributable reserves | 133 | €131,279 | €156,164 | +€24,885 | +19.0% |
| Amounts payable | 17/49 | €245,571 | €257,006 | +€11,435 | +4.7% |
| Amounts payable after more than one year | 17 | €169,450 | €182,242 | +€12,792 | +7.5% |
| Financial debts | 170/4 | €169,450 | €182,242 | +€12,792 | +7.5% |
| Amounts payable within one year | 42/48 | €76,121 | €74,764 | -€1,357 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €16,026 | €29,030 | +€13,004 | +81.1% |
| Trade debts | 44 | €76 | €683 | +€607 | +798.7% |
| Suppliers | 440/4 | €76 | €683 | +€607 | +798.7% |
| Taxes, remuneration and social security | 45 | €32,981 | €12,734 | -€20,247 | -61.4% |
| Taxes | 450/3 | €32,981 | €12,734 | -€20,247 | -61.4% |
| Other amounts payable | 47/48 | €27,038 | €32,317 | +€5,279 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,078 | €22,433 | +€7,355 | +48.8% |
| Other operating charges | 640/8 | €834 | €1,740 | +€906 | +108.6% |
| Gross operating margin | 9900 | €56,972 | €64,064 | +€7,092 | +12.4% |
| Operating profit (loss) | 9901 | €41,060 | €39,891 | -€1,169 | -2.8% |
| Financial income | 75/76B | €210 | €229 | +€19 | +9.0% |
| Recurring financial income | 75 | €210 | €229 | +€19 | +9.0% |
| Financial charges | 65/66B | €2,793 | €3,886 | +€1,093 | +39.1% |
| Recurring financial charges | 65 | €2,793 | €3,886 | +€1,093 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €38,477 | €36,234 | -€2,243 | -5.8% |
| Income taxes | 67/77 | €11,723 | €11,349 | -€374 | -3.2% |
| Profit (loss) for the period | 9904 | €26,754 | €24,885 | -€1,869 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,754 | €24,885 | -€1,869 | -7.0% |
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 11 October 2026 via checked.be.