COMWIZ: 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.
What changed
COMWIZ
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€634,054
2024 · -€123,062-€510,992
Equity
€254,951
2024 · €454,055-€199,104
Cash
€21,152
2024 · €33,496-€12,345
Balance sheet total
€5.7m
2024 · €6.5m-€750,329
Largest movements
Assets
- Financial fixed assets -€1.9m
down €1.9m (-45.5%), from €4.1m to €2.2m
- Tangible fixed assets +€732,032
up €732,032 (+33.8%), from €2.2m to €2.9m
of which Land and buildings: +€732,778
- Intangible fixed assets +€356,223
new in 2025: €356,223
Equity and liabilities
- Profit (loss) carried forward -€894,168
down €894,168 (-405.2%), from -€220,663 to -€1.1m
- Other debts -€519,388
down €519,388 (-14.2%), from €3.7m to €3.1m
- Revaluation surpluses +€434,950
new in 2025: €434,950
- Reserves +€260,114
up €260,114 (+42.5%), from €612,718 to €872,832
of which Tax-exempt reserves: +€260,114
- Debts after one year -€190,119
down €190,119 (-11.3%), from €1.7m to €1.5m
Income statement
- Depreciation +€23,823
up €23,823 (+29.8%), from €80,044 to €103,867
- Gross operating margin +€17,860
up €17,860 (+69.0%), from €25,870 to €43,730
- Financial charges +€7,283
up €7,283 (+10.4%), from €70,353 to €77,635
- Financial income +€2,162
up €2,162 (+900654.2%), from €0 to €2,162
- Other operating charges +€1,855
up €1,855 (+28.5%), from €6,519 to €8,374
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.
Result 2024
-€123,062
Gross operating margin
+€17,860
Depreciation
-€23,823
Other operating charges
-€1,855
Other operating items
-€63,103
Financial income
+€2,162
Financial charges
-€7,283
Taxes
-€0
Deferred taxes and other
-€434,950
Result 2025
-€634,054
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.
From operations
-€921,798
Investment
+€664,470
Financing
+€244,984
Cash 2024
€33,496
From operations (derived)
-€921,798
Net result for the year
-€634,054
Depreciation
+€103,867
Receivables within one year
-€29,364
Smaller working-capital items
+€38
Provisions
+€43,778
Trade debts
+€7,815
Tax, wage and social debts
+€105,510
Other debts
-€519,388
Investment (derived)
+€664,470
Investment in fixed assets (net)
+€664,470
Current investments
+€0
Financing
+€244,984
Debts after one year
-€190,119
Current portion of long-term debt
+€256
Short-term financial debts
-€104
Contributions, distributions and other
+€434,950
Cash 2025
€21,152
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,485,403 | €5,735,074 | -€750,329 | -11.6% |
| Fixed assets | 21/28 | €6,251,375 | €5,483,039 | -€768,336 | -12.3% |
| Intangible fixed assets | 21 | - | €356,223 | +€356,223 | |
| Tangible fixed assets | 22/27 | €2,167,363 | €2,899,394 | +€732,032 | +33.8% |
| Land and buildings | 22 | €2,134,451 | €2,867,230 | +€732,778 | +34.3% |
| Plant, machinery and equipment | 23 | €2,141 | €5,985 | +€3,844 | +179.6% |
| Furniture and vehicles | 24 | €30,771 | €26,180 | -€4,591 | -14.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €4,084,012 | €2,227,421 | -€1.9m | -45.5% |
| Current assets | 29/58 | €234,028 | €252,035 | +€18,008 | +7.7% |
| Amounts receivable within one year | 40/41 | €20 | €29,384 | +€29,364 | +148979.3% |
| Trade receivables | 40 | €0 | €26,710 | +€26,710 | |
| Other amounts receivable | 41 | €20 | €2,674 | +€2,654 | +13465.7% |
| Current investments | 50/53 | €200,034 | €200,034 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €33,496 | €21,152 | -€12,345 | -36.9% |
| Deferred charges and accrued income | 490/1 | €477 | €1,465 | +€988 | +207.3% |
| Total equity and liabilities | 10/49 | €6,485,403 | €5,735,074 | -€750,329 | -11.6% |
| Equity | 10/15 | €454,055 | €254,951 | -€199,104 | -43.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €434,950 | +€434,950 | |
| Reserves | 13 | €612,718 | €872,832 | +€260,114 | +42.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €606,518 | €866,632 | +€260,114 | +42.9% |
| Profit (loss) carried forward | 14 | -€220,663 | -€1,114,831 | -€894,168 | -405.2% |
| Provisions and deferred taxes | 16 | €202,173 | €245,950 | +€43,778 | +21.7% |
| Deferred taxes | 168 | €202,173 | €245,950 | +€43,778 | +21.7% |
| Amounts payable | 17/49 | €5,829,175 | €5,234,172 | -€595,003 | -10.2% |
| Amounts payable after more than one year | 17 | €1,688,549 | €1,498,430 | -€190,119 | -11.3% |
| Financial debts | 170/4 | €1,688,549 | €1,498,430 | -€190,119 | -11.3% |
| Amounts payable within one year | 42/48 | €4,135,655 | €3,729,745 | -€405,910 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €54,863 | €55,119 | +€256 | +0.5% |
| Financial debts | 43 | €399,750 | €399,646 | -€104 | 0.0% |
| Credit institutions | 430/8 | €399,750 | €399,646 | -€104 | 0.0% |
| Trade debts | 44 | €20,097 | €27,912 | +€7,815 | +38.9% |
| Suppliers | 440/4 | €20,097 | €27,912 | +€7,815 | +38.9% |
| Taxes, remuneration and social security | 45 | €4,296 | €109,806 | +€105,510 | +2456.2% |
| Taxes | 450/3 | €4,296 | €109,806 | +€105,510 | +2456.2% |
| Other amounts payable | 47/48 | €3,656,650 | €3,137,261 | -€519,388 | -14.2% |
| Accrued charges and deferred income | 492/3 | €4,972 | €5,998 | +€1,026 | +20.6% |
| Non-recurring operating income | 76A | €39,379 | €600 | -€38,779 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,044 | €103,867 | +€23,823 | +29.8% |
| Other operating charges | 640/8 | €6,519 | €8,374 | +€1,855 | +28.5% |
| Non-recurring operating charges | 66A | - | €63,103 | +€63,103 | |
| Gross operating margin | 9900 | €25,870 | €43,730 | +€17,860 | +69.0% |
| Operating profit (loss) | 9901 | -€60,692 | -€131,612 | -€70,920 | -116.9% |
| Financial income | 75/76B | €0 | €2,162 | +€2,162 | +900654.2% |
| Recurring financial income | 75 | €0 | €2,162 | +€2,162 | +900654.2% |
| Financial charges | 65/66B | €70,353 | €77,635 | +€7,283 | +10.4% |
| Recurring financial charges | 65 | €70,353 | €77,635 | +€7,283 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | -€131,044 | -€207,086 | -€76,042 | -58.0% |
| Transfer from deferred taxes | 780 | €7,982 | €7,982 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €434,950 | +€434,950 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€123,062 | -€634,054 | -€510,992 | -415.2% |
| Transfer from tax-exempt reserves | 789 | €23,947 | €23,947 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €284,061 | +€284,061 | |
| Profit (loss) for the period to be appropriated | 9905 | -€99,115 | -€894,168 | -€795,053 | -802.1% |
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 9 October 2026 via checked.be.