THE COM: 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.
THE COM
Largest movements
- Receivables within one year +€2,823
up €2,823 (+19.2%), from €14,681 to €17,504
of which Other amounts receivable: +€4,260
- Tangible fixed assets -€2,629
down €2,629 (-59.4%), from €4,429 to €1,800
- Cash -€1,329
down €1,329 (-33.9%), from €3,920 to €2,591
mainly Net result for the year (-€3,286) and Receivables within one year (-€2,823)
- Accrued charges and deferred income +€1,900
new in 2025: €1,900
- Profit (loss) carried forward -€1,668
down €1,668 (-38.8%), from -€4,294 to -€5,962
- Reserves -€1,618
no longer reported in 2025 (was €1,618)
- Trade debts -€987
down €987 (-46.9%), from €2,106 to €1,119
- Advances received +€462
new in 2025: €462
- Gross operating margin -€7,112
down €7,112 (-73.2%), from €9,716 to €2,604
- Depreciation -€353
down €353 (-8.3%), from €4,238 to €3,885
- Financial income -€186
down €186 (-91.4%), from €204 to €18
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 | €23,117 | €21,933 | -€1,184 | -5.1% |
| Fixed assets | 21/28 | €4,429 | €1,800 | -€2,629 | -59.4% |
| Tangible fixed assets | 22/27 | €4,429 | €1,800 | -€2,629 | -59.4% |
| Plant, machinery and equipment | 23 | €534 | €181 | -€353 | -66.1% |
| Furniture and vehicles | 24 | €2,658 | €1,375 | -€1,283 | -48.3% |
| Other tangible fixed assets | 26 | €1,237 | €244 | -€993 | -80.3% |
| Current assets | 29/58 | €18,688 | €20,133 | +€1,445 | +7.7% |
| Amounts receivable within one year | 40/41 | €14,681 | €17,504 | +€2,823 | +19.2% |
| Trade receivables | 40 | €1,486 | €50 | -€1,437 | -96.7% |
| Other amounts receivable | 41 | €13,194 | €17,454 | +€4,260 | +32.3% |
| Cash at bank and in hand | 54/58 | €3,920 | €2,591 | -€1,329 | -33.9% |
| Deferred charges and accrued income | 490/1 | €87 | €38 | -€49 | -56.6% |
| Total equity and liabilities | 10/49 | €23,117 | €21,933 | -€1,184 | -5.1% |
| Equity | 10/15 | €16,024 | €12,738 | -€3,286 | -20.5% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €1,618 | - | -€1,618 | |
| Distributable reserves | 133 | €1,618 | - | -€1,618 | |
| Profit (loss) carried forward | 14 | -€4,294 | -€5,962 | -€1,668 | -38.8% |
| Amounts payable | 17/49 | €7,092 | €9,194 | +€2,102 | +29.6% |
| Amounts payable after more than one year | 17 | €4,768 | €5,068 | +€300 | +6.3% |
| Other amounts payable | 178/9 | €4,768 | €5,068 | +€300 | +6.3% |
| Amounts payable within one year | 42/48 | €2,325 | €2,227 | -€98 | -4.2% |
| Trade debts | 44 | €2,106 | €1,119 | -€987 | -46.9% |
| Suppliers | 440/4 | €2,106 | €1,119 | -€987 | -46.9% |
| Advances received on contracts in progress | 46 | - | €462 | +€462 | |
| Taxes, remuneration and social security | 45 | €218 | €646 | +€428 | +195.8% |
| Taxes | 450/3 | €218 | €646 | +€428 | +195.8% |
| Accrued charges and deferred income | 492/3 | - | €1,900 | +€1,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,238 | €3,885 | -€353 | -8.3% |
| Other operating charges | 640/8 | €1,240 | €1,331 | +€91 | +7.3% |
| Gross operating margin | 9900 | €9,716 | €2,604 | -€7,112 | -73.2% |
| Operating profit (loss) | 9901 | €4,238 | -€2,612 | -€6,850 | |
| Financial income | 75/76B | €204 | €18 | -€186 | -91.4% |
| Recurring financial income | 75 | €204 | €18 | -€186 | -91.4% |
| Financial charges | 65/66B | €543 | €552 | +€9 | +1.7% |
| Recurring financial charges | 65 | €543 | €552 | +€9 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €3,899 | -€3,146 | -€7,045 | |
| Income taxes | 67/77 | €139 | €140 | +€1 | +0.6% |
| Profit (loss) for the period | 9904 | €3,760 | -€3,286 | -€7,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,760 | -€3,286 | -€7,046 |
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.