COMODO: what changed
COMODO
Largest movements
- Receivables within one year -€34,218
down €34,218 (-38.5%), from €88,876 to €54,658
of which Other amounts receivable: -€32,600
- Tangible fixed assets -€24,125
down €24,125 (-2.1%), from €1.2m to €1.1m
of which Land and buildings: -€24,125
- Debts after one year -€44,441
down €44,441 (-4.4%), from €1.0m to €957,018
of which Financial debts: -€41,441
- Tax, wage and social debts -€13,820
down €13,820 (-76.0%), from €18,185 to €4,365
- Gross operating margin -€43,869
down €43,869 (-38.6%), from €113,660 to €69,792
- Depreciation -€29,627
down €29,627 (-55.1%), from €53,752 to €24,125
- Taxes -€7,278
down €7,278 (-61.3%), from €11,878 to €4,600
- Other operating charges +€3,848
up €3,848 (+99.4%), from €3,872 to €7,720
- Financial charges +€2,340
up €2,340 (+7.9%), from €29,459 to €31,799
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,256,894 | €1,198,810 | -€58,084 | -4.6% |
| Fixed assets | 21/28 | €1,162,913 | €1,138,788 | -€24,125 | -2.1% |
| Tangible fixed assets | 22/27 | €1,162,913 | €1,138,788 | -€24,125 | -2.1% |
| Land and buildings | 22 | €1,135,193 | €1,111,068 | -€24,125 | -2.1% |
| Other tangible fixed assets | 26 | €27,720 | €27,720 | = | 0.0% |
| Current assets | 29/58 | €93,980 | €60,022 | -€33,958 | -36.1% |
| Amounts receivable within one year | 40/41 | €88,876 | €54,658 | -€34,218 | -38.5% |
| Trade receivables | 40 | €10,876 | €9,258 | -€1,618 | -14.9% |
| Other amounts receivable | 41 | €78,000 | €45,400 | -€32,600 | -41.8% |
| Cash at bank and in hand | 54/58 | €5,105 | €5,365 | +€260 | +5.1% |
| Total equity and liabilities | 10/49 | €1,256,894 | €1,198,810 | -€58,084 | -4.6% |
| Equity | 10/15 | €187,338 | €188,886 | +€1,548 | +0.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €179,838 | €181,386 | +€1,548 | +0.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €177,978 | €179,526 | +€1,548 | +0.9% |
| Amounts payable | 17/49 | €1,069,555 | €1,009,924 | -€59,631 | -5.6% |
| Amounts payable after more than one year | 17 | €1,001,459 | €957,018 | -€44,441 | -4.4% |
| Financial debts | 170/4 | €842,315 | €800,874 | -€41,441 | -4.9% |
| Other amounts payable | 178/9 | €159,144 | €156,144 | -€3,000 | -1.9% |
| Amounts payable within one year | 42/48 | €68,096 | €52,906 | -€15,191 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €39,967 | €41,441 | +€1,474 | +3.7% |
| Trade debts | 44 | €2,201 | €3,156 | +€955 | +43.4% |
| Suppliers | 440/4 | €2,201 | €3,156 | +€955 | +43.4% |
| Taxes, remuneration and social security | 45 | €18,185 | €4,365 | -€13,820 | -76.0% |
| Taxes | 450/3 | €18,185 | €4,365 | -€13,820 | -76.0% |
| Other amounts payable | 47/48 | €7,744 | €3,944 | -€3,800 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,752 | €24,125 | -€29,627 | -55.1% |
| Other operating charges | 640/8 | €3,872 | €7,720 | +€3,848 | +99.4% |
| Gross operating margin | 9900 | €113,660 | €69,792 | -€43,869 | -38.6% |
| Operating profit (loss) | 9901 | €56,036 | €37,947 | -€18,090 | -32.3% |
| Financial charges | 65/66B | €29,459 | €31,799 | +€2,340 | +7.9% |
| Recurring financial charges | 65 | €29,459 | €31,799 | +€2,340 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €26,577 | €6,148 | -€20,429 | -76.9% |
| Income taxes | 67/77 | €11,878 | €4,600 | -€7,278 | -61.3% |
| Profit (loss) for the period | 9904 | €14,699 | €1,548 | -€13,152 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,699 | €1,548 | -€13,152 | -89.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.