KOMODO: 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.
KOMODO
Largest movements
- Tangible fixed assets +€752,185
up €752,185 (+38.7%), from €1.9m to €2.7m
of which Leasing and similar rights: +€758,127
- Receivables within one year +€282,906
up €282,906 (+52.4%), from €540,378 to €823,284
of which Trade receivables: +€331,154
- Stocks and contracts +€92,162
up €92,162 (+26.0%), from €353,838 to €446,000
of which Contracts in progress: +€77,899
- Cash -€58,442
down €58,442 (-96.1%), from €60,813 to €2,371
mainly Investment in fixed assets (net) (-€1.1m) and Receivables within one year (-€282,906)
- Debts after one year +€807,739
up €807,739 (+50.6%), from €1.6m to €2.4m
- Current portion of long-term debt +€185,996
up €185,996 (+94.0%), from €197,769 to €383,765
- Trade debts -€130,057
down €130,057 (-24.2%), from €538,325 to €408,267
- Short-term financial debts +€78,331
up €78,331 (+21.7%), from €361,572 to €439,903
- Reserves +€50,794
up €50,794 (+50.3%), from €100,981 to €151,775
- Turnover +€3.5m
new in 2025: €3.5m
- Purchases and services +€2.4m
new in 2025: €2.4m
- Gross operating margin +€460,743
up €460,743 (+72.7%), from €634,028 to €1.1m
- Depreciation +€226,800
up €226,800 (+161.1%), from €140,820 to €367,620
- Staff costs +€179,858
up €179,858 (+53.7%), from €335,031 to €514,889
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 | €2,926,275 | €3,997,112 | +€1.1m | +36.6% |
| Fixed assets | 21/28 | €1,954,643 | €2,703,688 | +€749,045 | +38.3% |
| Intangible fixed assets | 21 | €9,387 | €6,246 | -€3,140 | -33.5% |
| Tangible fixed assets | 22/27 | €1,944,899 | €2,697,084 | +€752,185 | +38.7% |
| Land and buildings | 22 | €210,475 | €214,278 | +€3,803 | +1.8% |
| Plant, machinery and equipment | 23 | €341,937 | €348,242 | +€6,305 | +1.8% |
| Furniture and vehicles | 24 | €54,572 | €38,522 | -€16,050 | -29.4% |
| Leasing and similar rights | 25 | €1,337,914 | €2,096,041 | +€758,127 | +56.7% |
| Financial fixed assets | 28 | €358 | €358 | = | 0.0% |
| Current assets | 29/58 | €971,632 | €1,293,424 | +€321,792 | +33.1% |
| Stocks and contracts in progress | 3 | €353,838 | €446,000 | +€92,162 | +26.0% |
| Stocks | 30/36 | €178,737 | €193,000 | +€14,263 | +8.0% |
| Contracts in progress | 37 | €175,101 | €253,000 | +€77,899 | +44.5% |
| Amounts receivable within one year | 40/41 | €540,378 | €823,284 | +€282,906 | +52.4% |
| Trade receivables | 40 | €491,722 | €822,876 | +€331,154 | +67.3% |
| Other amounts receivable | 41 | €48,656 | €407 | -€48,249 | -99.2% |
| Cash at bank and in hand | 54/58 | €60,813 | €2,371 | -€58,442 | -96.1% |
| Deferred charges and accrued income | 490/1 | €16,603 | €21,770 | +€5,166 | +31.1% |
| Total equity and liabilities | 10/49 | €2,926,275 | €3,997,112 | +€1.1m | +36.6% |
| Equity | 10/15 | €106,981 | €157,775 | +€50,794 | +47.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €100,981 | €151,775 | +€50,794 | +50.3% |
| Distributable reserves | 133 | €100,981 | €151,775 | +€50,794 | +50.3% |
| Amounts payable | 17/49 | €2,819,295 | €3,839,338 | +€1.0m | +36.2% |
| Amounts payable after more than one year | 17 | €1,596,894 | €2,404,633 | +€807,739 | +50.6% |
| Financial debts | 170/4 | €1,596,894 | €2,404,633 | +€807,739 | +50.6% |
| Amounts payable within one year | 42/48 | €1,222,073 | €1,434,415 | +€212,342 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €197,769 | €383,765 | +€185,996 | +94.0% |
| Financial debts | 43 | €361,572 | €439,903 | +€78,331 | +21.7% |
| Credit institutions | 430/8 | €361,572 | €439,903 | +€78,331 | +21.7% |
| Trade debts | 44 | €538,325 | €408,267 | -€130,057 | -24.2% |
| Suppliers | 440/4 | €538,325 | €408,267 | -€130,057 | -24.2% |
| Advances received on contracts in progress | 46 | - | €11,006 | +€11,006 | |
| Taxes, remuneration and social security | 45 | €21,822 | €55,370 | +€33,548 | +153.7% |
| Taxes | 450/3 | €13,120 | €16,242 | +€3,122 | +23.8% |
| Remuneration and social security | 454/9 | €8,702 | €39,128 | +€30,425 | +349.6% |
| Other amounts payable | 47/48 | €102,585 | €136,103 | +€33,518 | +32.7% |
| Accrued charges and deferred income | 492/3 | €328 | €290 | -€38 | -11.7% |
| Turnover | 70 | - | €3,503,888 | +€3.5m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,446,143 | +€2.4m | |
| Remuneration, social security and pensions | 62 | €335,031 | €514,889 | +€179,858 | +53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,820 | €367,620 | +€226,800 | +161.1% |
| Other operating charges | 640/8 | €8,866 | €14,785 | +€5,919 | +66.8% |
| Non-recurring operating charges | 66A | - | €7,587 | +€7,587 | |
| Gross operating margin | 9900 | €634,028 | €1,094,771 | +€460,743 | +72.7% |
| Operating profit (loss) | 9901 | €149,312 | €189,890 | +€40,578 | +27.2% |
| Financial income | 75/76B | €837 | €1,093 | +€256 | +30.6% |
| Recurring financial income | 75 | €837 | €1,093 | +€256 | +30.6% |
| Financial charges | 65/66B | €83,355 | €126,190 | +€42,835 | +51.4% |
| Recurring financial charges | 65 | €83,355 | €126,190 | +€42,835 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €66,795 | €64,794 | -€2,001 | -3.0% |
| Income taxes | 67/77 | €9,405 | €14,000 | +€4,595 | +48.9% |
| Profit (loss) for the period | 9904 | €57,390 | €50,794 | -€6,596 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,390 | €50,794 | -€6,596 | -11.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.