DE COMMODORE: 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.
DE COMMODORE
Largest movements
- Tangible fixed assets -€11,981
down €11,981 (-3.9%), from €305,167 to €293,186
of which Land and buildings: -€11,981
- Reserves -€6,408
down €6,408 (-4.0%), from €158,303 to €151,895
- Other debts -€5,814
down €5,814 (-7.2%), from €80,849 to €75,035
- Profit (loss) carried forward +€3,875
up €3,875 (+17.2%), from -€22,472 to -€18,597
- Provisions -€3,156
down €3,156 (-4.5%), from €69,614 to €66,458
- Gross operating margin +€575
up €575 (+9.7%), from €5,917 to €6,493
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 | €305,252 | €293,382 | -€11,870 | -3.9% |
| Fixed assets | 21/28 | €305,167 | €293,186 | -€11,981 | -3.9% |
| Tangible fixed assets | 22/27 | €305,167 | €293,186 | -€11,981 | -3.9% |
| Land and buildings | 22 | €303,846 | €291,865 | -€11,981 | -3.9% |
| Other tangible fixed assets | 26 | €1,321 | €1,321 | = | 0.0% |
| Current assets | 29/58 | €85 | €196 | +€111 | +131.3% |
| Cash at bank and in hand | 54/58 | €85 | €196 | +€111 | +131.3% |
| Total equity and liabilities | 10/49 | €305,252 | €293,382 | -€11,870 | -3.9% |
| Equity | 10/15 | €154,423 | €151,890 | -€2,533 | -1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €158,303 | €151,895 | -€6,408 | -4.0% |
| Tax-exempt reserves | 132 | €158,303 | €151,895 | -€6,408 | -4.0% |
| Profit (loss) carried forward | 14 | -€22,472 | -€18,597 | +€3,875 | +17.2% |
| Provisions and deferred taxes | 16 | €69,614 | €66,458 | -€3,156 | -4.5% |
| Deferred taxes | 168 | €69,614 | €66,458 | -€3,156 | -4.5% |
| Amounts payable | 17/49 | €81,215 | €75,035 | -€6,180 | -7.6% |
| Amounts payable within one year | 42/48 | €81,215 | €75,035 | -€6,180 | -7.6% |
| Taxes, remuneration and social security | 45 | €366 | - | -€366 | |
| Taxes | 450/3 | €366 | - | -€366 | |
| Other amounts payable | 47/48 | €80,849 | €75,035 | -€5,814 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,981 | €11,981 | = | 0.0% |
| Gross operating margin | 9900 | €5,917 | €6,493 | +€575 | +9.7% |
| Operating profit (loss) | 9901 | -€6,064 | -€5,488 | +€575 | +9.5% |
| Financial charges | 65/66B | €205 | €201 | -€4 | -1.9% |
| Recurring financial charges | 65 | €205 | €201 | -€4 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,268 | -€5,689 | +€579 | +9.2% |
| Transfer from deferred taxes | 780 | €3,156 | €3,156 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€3,112 | -€2,533 | +€579 | +18.6% |
| Transfer from tax-exempt reserves | 789 | €6,408 | €6,408 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,296 | €3,875 | +€579 | +17.6% |
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.