COMULEX: what changed
Two financial 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.
COMULEX
Largest movements
- Financial fixed assets +€78,117
up €78,117 (+7.5%), from €1.0m to €1.1m
- Cash -€49,168
down €49,168 (-95.1%), from €51,723 to €2,555
mainly Investment in fixed assets (net) (-€78,117) and Receivables within one year (-€17,008)
- Profit (loss) carried forward +€46,508
up €46,508 (+8.4%), from €552,353 to €598,861
- Taxes +€21,568
up €21,568 (+70.4%), from -€30,619 to -€9,051
- Financial income +€2,365
up €2,365 (+6.6%), from €35,752 to €38,117
- Gross operating margin -€387
down €387 (-41.5%), from €931 to €544
- Purchases and services +€387
up €387 (+12.6%), from €3,069 to €3,456
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.
Derived cash bridge
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 | €2,776,227 | €2,822,185 | +€45,957 | +1.7% |
| Fixed assets | 21/28 | €2,720,337 | €2,798,453 | +€78,117 | +2.9% |
| Tangible fixed assets | 22/27 | €1,679,850 | €1,679,850 | = | 0.0% |
| Other tangible fixed assets | 26 | €1,679,850 | €1,679,850 | = | 0.0% |
| Financial fixed assets | 28 | €1,040,486 | €1,118,603 | +€78,117 | +7.5% |
| Current assets | 29/58 | €55,891 | €23,731 | -€32,160 | -57.5% |
| Amounts receivable within one year | 40/41 | €168 | €17,177 | +€17,008 | +10,113% |
| Trade receivables | 40 | €168 | €0 | -€168 | -100% |
| Other amounts receivable | 41 | - | €17,177 | +€17,177 | |
| Cash at bank and in hand | 54/58 | €51,723 | €2,555 | -€49,168 | -95.1% |
| Deferred charges and accrued income | 490/1 | €4,000 | €4,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,776,227 | €2,822,185 | +€45,957 | +1.7% |
| Equity | 10/15 | €2,775,525 | €2,822,033 | +€46,508 | +1.7% |
| Contributions | 10/11 | €2,187,680 | €2,187,680 | = | 0.0% |
| Capital | 10 | €860,829 | €860,829 | = | 0.0% |
| Issued capital | 100 | €1,108,722 | €1,108,722 | = | 0.0% |
| Uncalled capital | 101 | €247,894 | €247,894 | = | 0.0% |
| Contributions outside capital | 11 | €1,326,851 | €1,326,851 | = | 0.0% |
| Share premium | 1100/10 | €1,326,851 | €1,326,851 | = | 0.0% |
| Reserves | 13 | €35,492 | €35,492 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,492 | €35,492 | = | 0.0% |
| Legal reserve | 130 | €35,492 | €35,492 | = | 0.0% |
| Profit (loss) carried forward | 14 | €552,353 | €598,861 | +€46,508 | +8.4% |
| Amounts payable | 17/49 | €703 | €151 | -€551 | -78.5% |
| Amounts payable within one year | 42/48 | €703 | €151 | -€551 | -78.5% |
| Financial debts | 43 | €151 | €151 | = | 0.0% |
| Credit institutions | 430/8 | €151 | €151 | = | 0.0% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €551 | €0 | -€551 | -100% |
| Taxes | 450/3 | €551 | €0 | -€551 | -100% |
| Turnover | 70 | €4,000 | €4,000 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,069 | €3,456 | +€387 | +12.6% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €931 | €544 | -€387 | -41.5% |
| Operating profit (loss) | 9901 | -€37 | -€454 | -€418 | -1,138% |
| Financial income | 75/76B | €35,752 | €38,117 | +€2,365 | +6.6% |
| Recurring financial income | 75 | €35,752 | €38,117 | +€2,365 | +6.6% |
| Financial charges | 65/66B | €204 | €205 | +€2 | +0.7% |
| Recurring financial charges | 65 | €204 | €205 | +€2 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €35,511 | €37,457 | +€1,946 | +5.5% |
| Income taxes | 67/77 | -€30,619 | -€9,051 | +€21,568 | +70.4% |
| Profit (loss) for the period | 9904 | €66,131 | €46,508 | -€19,622 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,131 | €46,508 | -€19,622 | -29.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.