COMWELL: 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.
COMWELL
Largest movements
- Receivables within one year -€98,187
down €98,187 (-99.3%), from €98,872 to €685
of which Other amounts receivable: -€79,880
- Cash +€56,808
up €56,808 (+2567.9%), from €2,212 to €59,020
mainly Receivables within one year (+€98,187) and Other debts (+€22,398)
- Tangible fixed assets -€12,924
down €12,924 (-16.3%), from €79,204 to €66,281
of which Furniture and vehicles: -€7,161
- Debts after one year -€27,696
no longer reported in 2025 (was €27,696)
- Other debts +€22,398
new in 2025: €22,398
- Profit (loss) carried forward -€14,185
down €14,185 (-97.6%), from €14,531 to €346
- Current portion of long-term debt -€11,734
no longer reported in 2025 (was €11,734)
- Trade debts -€11,730
down €11,730 (-66.2%), from €17,725 to €5,995
- Gross operating margin -€12,890
down €12,890 (-52.1%), from €24,723 to €11,833
- Financial income -€5,624
down €5,624 (-99.0%), from €5,683 to €59
- Other operating charges +€3,457
up €3,457 (+81.3%), from €4,251 to €7,709
- Taxes -€916
down €916 (-27.2%), from €3,372 to €2,456
- Financial charges -€718
down €718 (-34.3%), from €2,094 to €1,376
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 | €180,934 | €125,986 | -€54,948 | -30.4% |
| Fixed assets | 21/28 | €79,204 | €66,281 | -€12,924 | -16.3% |
| Tangible fixed assets | 22/27 | €79,204 | €66,281 | -€12,924 | -16.3% |
| Land and buildings | 22 | €56,606 | €51,059 | -€5,546 | -9.8% |
| Plant, machinery and equipment | 23 | €585 | €368 | -€217 | -37.1% |
| Furniture and vehicles | 24 | €22,014 | €14,853 | -€7,161 | -32.5% |
| Current assets | 29/58 | €101,730 | €59,706 | -€42,024 | -41.3% |
| Amounts receivable within one year | 40/41 | €98,872 | €685 | -€98,187 | -99.3% |
| Trade receivables | 40 | €18,752 | €445 | -€18,307 | -97.6% |
| Other amounts receivable | 41 | €80,120 | €240 | -€79,880 | -99.7% |
| Cash at bank and in hand | 54/58 | €2,212 | €59,020 | +€56,808 | +2567.9% |
| Deferred charges and accrued income | 490/1 | €645 | - | -€645 | |
| Total equity and liabilities | 10/49 | €180,934 | €125,986 | -€54,948 | -30.4% |
| Equity | 10/15 | €110,964 | €96,779 | -€14,185 | -12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,833 | €77,833 | = | 0.0% |
| Distributable reserves | 133 | €77,833 | €77,833 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,531 | €346 | -€14,185 | -97.6% |
| Amounts payable | 17/49 | €69,971 | €29,208 | -€40,763 | -58.3% |
| Amounts payable after more than one year | 17 | €27,696 | - | -€27,696 | |
| Financial debts | 170/4 | €27,696 | - | -€27,696 | |
| Amounts payable within one year | 42/48 | €42,275 | €28,533 | -€13,742 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €11,734 | - | -€11,734 | |
| Trade debts | 44 | €17,725 | €5,995 | -€11,730 | -66.2% |
| Suppliers | 440/4 | €17,725 | €5,995 | -€11,730 | -66.2% |
| Advances received on contracts in progress | 46 | €1,154 | - | -€1,154 | |
| Taxes, remuneration and social security | 45 | €11,662 | €141 | -€11,521 | -98.8% |
| Taxes | 450/3 | €11,662 | €141 | -€11,521 | -98.8% |
| Other amounts payable | 47/48 | - | €22,398 | +€22,398 | |
| Accrued charges and deferred income | 492/3 | - | €674 | +€674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,068 | €14,537 | +€468 | +3.3% |
| Other operating charges | 640/8 | €4,251 | €7,709 | +€3,457 | +81.3% |
| Gross operating margin | 9900 | €24,723 | €11,833 | -€12,890 | -52.1% |
| Operating profit (loss) | 9901 | €6,403 | -€10,412 | -€16,815 | |
| Financial income | 75/76B | €5,683 | €59 | -€5,624 | -99.0% |
| Recurring financial income | 75 | €5,683 | €59 | -€5,624 | -99.0% |
| Financial charges | 65/66B | €2,094 | €1,376 | -€718 | -34.3% |
| Recurring financial charges | 65 | €2,094 | €1,376 | -€718 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €9,992 | -€11,729 | -€21,721 | |
| Income taxes | 67/77 | €3,372 | €2,456 | -€916 | -27.2% |
| Profit (loss) for the period | 9904 | €6,619 | -€14,185 | -€20,805 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,619 | -€14,185 | -€20,805 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.