COMVANCO: 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.
COMVANCO
Largest movements
- Current assets +€267,831
up €267,831 (+37.9%), from €706,130 to €973,960
of which Cash: +€442,128
- Equity +€264,610
up €264,610 (+21.4%), from €1.2m to €1.5m
of which Reserves: +€264,610
- Gross operating margin +€84,342
up €84,342 (+26.4%), from €320,058 to €404,400
- Taxes +€38,587
up €38,587 (+36.4%), from €105,987 to €144,574
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,324,252 | €1,591,819 | +€267,567 | +20.2% |
| Fixed assets | 21/28 | €618,122 | €617,858 | -€264 | 0.0% |
| Tangible fixed assets | 22/27 | €528 | €264 | -€264 | -50.0% |
| Financial fixed assets | 28 | €617,594 | €617,594 | = | 0.0% |
| Current assets | 29/58 | €706,130 | €973,960 | +€267,831 | +37.9% |
| Amounts receivable within one year | 40/41 | €240,448 | €67,227 | -€173,221 | -72.0% |
| Cash at bank and in hand | 54/58 | €8,593 | €450,721 | +€442,128 | +5145.5% |
| Total equity and liabilities | 10/49 | €1,324,252 | €1,591,819 | +€267,567 | +20.2% |
| Equity | 10/15 | €1,235,574 | €1,500,184 | +€264,610 | +21.4% |
| Contributions | 10/11 | €75,000 | - | -€75,000 | |
| Reserves | 13 | €1,160,574 | €1,425,184 | +€264,610 | +22.8% |
| Amounts payable | 17/49 | €88,678 | €91,635 | +€2,957 | +3.3% |
| Amounts payable within one year | 42/48 | €86,244 | €90,101 | +€3,857 | +4.5% |
| Trade debts | 44 | €4,710 | €4,393 | -€317 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €724 | €264 | -€460 | -63.6% |
| Gross operating margin | 9900 | €320,058 | €404,400 | +€84,342 | +26.4% |
| Operating profit (loss) | 9901 | €319,189 | €403,975 | +€84,786 | +26.6% |
| Recurring financial income | 75 | €11,959 | €6,755 | -€5,204 | -43.5% |
| Recurring financial charges | 65 | €2,795 | €1,546 | -€1,249 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €328,353 | €409,185 | +€80,832 | +24.6% |
| Income taxes | 67/77 | €105,987 | €144,574 | +€38,587 | +36.4% |
| Profit (loss) for the period | 9904 | €222,366 | €264,610 | +€42,245 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €222,366 | €264,610 | +€42,245 | +19.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2019 and 30 June 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.