COMTECH: 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.
COMTECH
Largest movements
- Cash -€11,176
down €11,176 (-27.2%), from €41,036 to €29,860
mainly Debts after one year (-€9,834) and Investment in fixed assets (net) (-€5,275)
- Receivables within one year +€4,190
up €4,190 (+20.9%), from €20,036 to €24,226
of which Other amounts receivable: +€4,190
- Tangible fixed assets -€2,583
down €2,583 (-9.4%), from €27,512 to €24,930
of which Furniture and vehicles: -€7,325
- Debts after one year -€9,834
down €9,834 (-62.4%), from €15,766 to €5,932
- Reserves +€3,800
up €3,800 (+8.1%), from €47,200 to €51,000
- Trade debts -€2,272
down €2,272 (-57.1%), from €3,981 to €1,709
- Accrued charges and deferred income -€1,318
down €1,318 (-28.7%), from €4,591 to €3,273
- Depreciation -€958
down €958 (-10.9%), from €8,816 to €7,858
- Gross operating margin -€600
down €600 (-3.8%), from €15,618 to €15,018
- Taxes -€283
down €283 (-21.0%), from €1,350 to €1,067
- Other operating charges -€264
down €264 (-17.9%), from €1,473 to €1,209
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 | €88,583 | €79,015 | -€9,568 | -10.8% |
| Fixed assets | 21/28 | €27,512 | €24,930 | -€2,583 | -9.4% |
| Tangible fixed assets | 22/27 | €27,512 | €24,930 | -€2,583 | -9.4% |
| Plant, machinery and equipment | 23 | €1,233 | €5,976 | +€4,743 | +384.6% |
| Furniture and vehicles | 24 | €26,279 | €18,954 | -€7,325 | -27.9% |
| Current assets | 29/58 | €61,071 | €54,085 | -€6,986 | -11.4% |
| Amounts receivable within one year | 40/41 | €20,036 | €24,226 | +€4,190 | +20.9% |
| Trade receivables | 40 | €5,869 | €5,869 | = | 0.0% |
| Other amounts receivable | 41 | €14,167 | €18,357 | +€4,190 | +29.6% |
| Cash at bank and in hand | 54/58 | €41,036 | €29,860 | -€11,176 | -27.2% |
| Total equity and liabilities | 10/49 | €88,583 | €79,015 | -€9,568 | -10.8% |
| Equity | 10/15 | €53,400 | €57,200 | +€3,800 | +7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,200 | €51,000 | +€3,800 | +8.1% |
| Distributable reserves | 133 | €47,200 | €51,000 | +€3,800 | +8.1% |
| Amounts payable | 17/49 | €35,183 | €21,815 | -€13,369 | -38.0% |
| Amounts payable after more than one year | 17 | €15,766 | €5,932 | -€9,834 | -62.4% |
| Financial debts | 170/4 | €15,766 | €5,932 | -€9,834 | -62.4% |
| Amounts payable within one year | 42/48 | €14,826 | €12,610 | -€2,216 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €9,426 | €9,834 | +€408 | +4.3% |
| Trade debts | 44 | €3,981 | €1,709 | -€2,272 | -57.1% |
| Suppliers | 440/4 | €3,981 | €1,709 | -€2,272 | -57.1% |
| Taxes, remuneration and social security | 45 | €1,419 | €1,067 | -€353 | -24.8% |
| Taxes | 450/3 | €1,419 | €1,067 | -€353 | -24.8% |
| Accrued charges and deferred income | 492/3 | €4,591 | €3,273 | -€1,318 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,816 | €7,858 | -€958 | -10.9% |
| Other operating charges | 640/8 | €1,473 | €1,209 | -€264 | -17.9% |
| Gross operating margin | 9900 | €15,618 | €15,018 | -€600 | -3.8% |
| Operating profit (loss) | 9901 | €5,329 | €5,951 | +€622 | +11.7% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €1,151 | €1,084 | -€67 | -5.8% |
| Recurring financial charges | 65 | €1,151 | €1,084 | -€67 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €4,187 | €4,867 | +€680 | +16.2% |
| Income taxes | 67/77 | €1,350 | €1,067 | -€283 | -21.0% |
| Profit (loss) for the period | 9904 | €2,837 | €3,800 | +€964 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,837 | €3,800 | +€964 | +34.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.