Comtrends: 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.
Comtrends
Largest movements
- Receivables after one year -€40,000
no longer reported in 2025 (was €40,000)
- Tangible fixed assets -€15,012
down €15,012 (-32.6%), from €45,993 to €30,981
of which Furniture and vehicles: -€13,710
- Cash +€4,166
up €4,166 (+3.4%), from €121,008 to €125,174
mainly Receivables after one year (+€40,000) and Depreciation (+€15,012)
- Receivables within one year +€2,956
up €2,956 (+204%), from €1,450 to €4,406
- Reserves -€24,157
down €24,157 (-13.5%), from €179,254 to €155,097
of which Distributable reserves: -€24,157
- Debts after one year -€9,900
down €9,900 (-41.7%), from €23,744 to €13,844
- Profit (loss) carried forward -€9,884
down €9,884 (-37.4%), from -€26,433 to -€36,317
- Tax, wage and social debts -€3,974
down €3,974 (-86.9%), from €4,574 to €600
- Gross operating margin +€16,912
up €16,912, from -€6,680 to €10,232
- Financial income -€1,242
down €1,242 (-98.1%), from €1,266 to €24
- Depreciation -€1,143
down €1,143 (-7.1%), from €16,155 to €15,012
- Financial charges +€466
up €466 (+18.6%), from €2,502 to €2,968
- Other operating charges -€130
down €130 (-6.1%), from €2,137 to €2,007
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.
Derived cash bridge
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 | €210,983 | €162,982 | -€48,001 | -22.8% |
| Fixed assets | 21/28 | €45,993 | €30,981 | -€15,012 | -32.6% |
| Tangible fixed assets | 22/27 | €45,993 | €30,981 | -€15,012 | -32.6% |
| Plant, machinery and equipment | 23 | €1,485 | €183 | -€1,302 | -87.7% |
| Furniture and vehicles | 24 | €44,508 | €30,798 | -€13,710 | -30.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €164,990 | €132,001 | -€32,989 | -20.0% |
| Amounts receivable after more than one year | 29 | €40,000 | - | -€40,000 | |
| Trade receivables | 290 | €40,000 | - | -€40,000 | |
| Amounts receivable within one year | 40/41 | €1,450 | €4,406 | +€2,956 | +204% |
| Other amounts receivable | 41 | €1,450 | €4,406 | +€2,956 | +204% |
| Cash at bank and in hand | 54/58 | €121,008 | €125,174 | +€4,166 | +3.4% |
| Deferred charges and accrued income | 490/1 | €2,532 | €2,421 | -€111 | -4.4% |
| Total equity and liabilities | 10/49 | €210,983 | €162,982 | -€48,001 | -22.8% |
| Equity | 10/15 | €171,413 | €137,372 | -€34,041 | -19.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €179,254 | €155,097 | -€24,157 | -13.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €177,395 | €153,238 | -€24,157 | -13.6% |
| Profit (loss) carried forward | 14 | -€26,433 | -€36,317 | -€9,884 | -37.4% |
| Amounts payable | 17/49 | €39,570 | €25,610 | -€13,960 | -35.3% |
| Amounts payable after more than one year | 17 | €23,744 | €13,844 | -€9,900 | -41.7% |
| Financial debts | 170/4 | €23,744 | €13,844 | -€9,900 | -41.7% |
| Amounts payable within one year | 42/48 | €15,826 | €11,766 | -€4,060 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €9,438 | €9,900 | +€462 | +4.9% |
| Trade debts | 44 | €1,341 | €793 | -€548 | -40.9% |
| Suppliers | 440/4 | €1,341 | €793 | -€548 | -40.9% |
| Taxes, remuneration and social security | 45 | €4,574 | €600 | -€3,974 | -86.9% |
| Taxes | 450/3 | €4,574 | €600 | -€3,974 | -86.9% |
| Other amounts payable | 47/48 | €473 | €473 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,155 | €15,012 | -€1,143 | -7.1% |
| Other operating charges | 640/8 | €2,137 | €2,007 | -€130 | -6.1% |
| Gross operating margin | 9900 | -€6,680 | €10,232 | +€16,912 | |
| Operating profit (loss) | 9901 | -€24,972 | -€6,787 | +€18,185 | +72.8% |
| Financial income | 75/76B | €1,266 | €24 | -€1,242 | -98.1% |
| Recurring financial income | 75 | €1,266 | €24 | -€1,242 | -98.1% |
| Financial charges | 65/66B | €2,502 | €2,968 | +€466 | +18.6% |
| Recurring financial charges | 65 | €2,502 | €2,968 | +€466 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,208 | -€9,731 | +€16,477 | +62.9% |
| Income taxes | 67/77 | €225 | €153 | -€72 | -32.0% |
| Profit (loss) for the period | 9904 | -€26,433 | -€9,884 | +€16,549 | +62.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,433 | -€9,884 | +€16,549 | +62.6% |
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 15 October 2026 via checked.be.