COMUREX: 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.
COMUREX
Largest movements
- Receivables within one year +€389,259
up €389,259 (+37.4%), from €1.0m to €1.4m
of which Trade receivables: +€415,178
- Cash +€120,766
up €120,766 (+48.8%), from €247,487 to €368,253
mainly Trade debts (+€326,837) and Net result for the year (+€231,584)
- Tangible fixed assets -€31,183
down €31,183 (-7.5%), from €417,710 to €386,528
of which Leasing and similar rights: -€29,047
- Trade debts +€326,837
up €326,837 (+84.6%), from €386,436 to €713,273
- Reserves +€160,000
up €160,000 (+20.1%), from €795,500 to €955,500
of which Distributable reserves: +€160,000
- Debts after one year -€42,215
down €42,215 (-12.6%), from €336,347 to €294,131
- Write-downs +€62,456
no longer reported in 2025 (was -€62,456)
- Staff costs +€43,643
up €43,643 (+13.0%), from €335,093 to €378,736
- Depreciation -€10,463
down €10,463 (-11.9%), from €88,215 to €77,753
- Taxes -€10,181
down €10,181 (-11.2%), from €91,164 to €80,983
- Gross operating margin -€8,228
down €8,228 (-1.0%), from €806,132 to €797,904
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 | €1,790,606 | €2,260,829 | +€470,223 | +26.3% |
| Fixed assets | 21/28 | €438,228 | €407,046 | -€31,183 | -7.1% |
| Tangible fixed assets | 22/27 | €417,710 | €386,528 | -€31,183 | -7.5% |
| Plant, machinery and equipment | 23 | €4,401 | €4,853 | +€452 | +10.3% |
| Furniture and vehicles | 24 | €9,141 | €8,169 | -€973 | -10.6% |
| Leasing and similar rights | 25 | €395,843 | €366,796 | -€29,047 | -7.3% |
| Other tangible fixed assets | 26 | €8,325 | €6,710 | -€1,615 | -19.4% |
| Financial fixed assets | 28 | €20,518 | €20,518 | = | 0.0% |
| Current assets | 29/58 | €1,352,378 | €1,853,784 | +€501,405 | +37.1% |
| Stocks and contracts in progress | 3 | €64,378 | €55,758 | -€8,620 | -13.4% |
| Stocks | 30/36 | €64,378 | €55,758 | -€8,620 | -13.4% |
| Amounts receivable within one year | 40/41 | €1,040,513 | €1,429,772 | +€389,259 | +37.4% |
| Trade receivables | 40 | €1,004,316 | €1,419,494 | +€415,178 | +41.3% |
| Other amounts receivable | 41 | €36,197 | €10,278 | -€25,919 | -71.6% |
| Cash at bank and in hand | 54/58 | €247,487 | €368,253 | +€120,766 | +48.8% |
| Total equity and liabilities | 10/49 | €1,790,606 | €2,260,829 | +€470,223 | +26.3% |
| Equity | 10/15 | €834,252 | €1,000,836 | +€166,584 | +20.0% |
| Contributions | 10/11 | €35,500 | €35,500 | = | 0.0% |
| Capital | 10 | - | €35,500 | +€35,500 | |
| Issued capital | 100 | - | €35,500 | +€35,500 | |
| Reserves | 13 | €795,500 | €955,500 | +€160,000 | +20.1% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €758,000 | €918,000 | +€160,000 | +21.1% |
| Profit (loss) carried forward | 14 | €3,252 | €9,836 | +€6,584 | +202.5% |
| Amounts payable | 17/49 | €956,355 | €1,259,993 | +€303,639 | +31.7% |
| Amounts payable after more than one year | 17 | €336,347 | €294,131 | -€42,215 | -12.6% |
| Financial debts | 170/4 | €336,347 | €294,131 | -€42,215 | -12.6% |
| Amounts payable within one year | 42/48 | €620,008 | €965,862 | +€345,854 | +55.8% |
| Current portion of amounts payable after more than one year | 42 | €77,767 | €74,997 | -€2,770 | -3.6% |
| Financial debts | 43 | €54,455 | €67,586 | +€13,131 | +24.1% |
| Credit institutions | 430/8 | €54,455 | €67,586 | +€13,131 | +24.1% |
| Trade debts | 44 | €386,436 | €713,273 | +€326,837 | +84.6% |
| Suppliers | 440/4 | €386,436 | €713,273 | +€326,837 | +84.6% |
| Taxes, remuneration and social security | 45 | €35,250 | €43,906 | +€8,656 | +24.6% |
| Taxes | 450/3 | €7,978 | €5,667 | -€2,311 | -29.0% |
| Remuneration and social security | 454/9 | €27,272 | €38,239 | +€10,967 | +40.2% |
| Other amounts payable | 47/48 | €66,100 | €66,100 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €335,093 | €378,736 | +€43,643 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,215 | €77,753 | -€10,463 | -11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€62,456 | - | +€62,456 | |
| Other operating charges | 640/8 | €6,429 | €11,707 | +€5,278 | +82.1% |
| Non-recurring operating charges | 66A | €62,456 | - | -€62,456 | |
| Gross operating margin | 9900 | €806,132 | €797,904 | -€8,228 | -1.0% |
| Operating profit (loss) | 9901 | €376,394 | €329,708 | -€46,686 | -12.4% |
| Financial income | 75/76B | €600 | €626 | +€25 | +4.2% |
| Recurring financial income | 75 | €600 | €626 | +€25 | +4.2% |
| Financial charges | 65/66B | €19,612 | €17,766 | -€1,845 | -9.4% |
| Recurring financial charges | 65 | €19,612 | €17,766 | -€1,845 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €357,383 | €312,567 | -€44,815 | -12.5% |
| Income taxes | 67/77 | €91,164 | €80,983 | -€10,181 | -11.2% |
| Profit (loss) for the period | 9904 | €266,219 | €231,584 | -€34,635 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €266,219 | €231,584 | -€34,635 | -13.0% |
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.