COMBERGH: 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.
COMBERGH
Largest movements
- Tangible fixed assets +€25,595
up €25,595 (+4.3%), from €601,941 to €627,536
of which Furniture and vehicles: +€13,082
- Intangible fixed assets -€9,664
down €9,664 (-38.9%), from €24,825 to €15,161
- Receivables within one year -€7,299
down €7,299 (-56.7%), from €12,870 to €5,571
of which Trade receivables: -€5,431
- Other debts +€43,577
up €43,577 (+787%), from €5,537 to €49,113
- Debts after one year -€37,797
down €37,797 (-8.5%), from €442,225 to €404,428
- Current portion of long-term debt -€32,833
down €32,833 (-46.5%), from €70,630 to €37,797
- Short-term financial debts +€24,830
new in 2025: €24,830
- Reserves +€8,447
up €8,447 (+11.0%), from €76,612 to €85,060
- Gross operating margin +€26,716
up €26,716 (+10.6%), from €252,363 to €279,078
- Staff costs +€16,034
up €16,034 (+11.5%), from €139,327 to €155,361
- Taxes +€7,834
up €7,834 (+163%), from €4,796 to €12,630
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 | €668,537 | €680,753 | +€12,216 | +1.8% |
| Fixed assets | 21/28 | €636,766 | €652,697 | +€15,931 | +2.5% |
| Intangible fixed assets | 21 | €24,825 | €15,161 | -€9,664 | -38.9% |
| Tangible fixed assets | 22/27 | €601,941 | €627,536 | +€25,595 | +4.3% |
| Land and buildings | 22 | €560,674 | €558,238 | -€2,435 | -0.4% |
| Plant, machinery and equipment | 23 | €2,085 | €11,844 | +€9,758 | +468% |
| Furniture and vehicles | 24 | €12,912 | €25,994 | +€13,082 | +101% |
| Other tangible fixed assets | 26 | €26,270 | €31,460 | +€5,190 | +19.8% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €31,770 | €28,056 | -€3,714 | -11.7% |
| Amounts receivable within one year | 40/41 | €12,870 | €5,571 | -€7,299 | -56.7% |
| Trade receivables | 40 | €6,448 | €1,017 | -€5,431 | -84.2% |
| Other amounts receivable | 41 | €6,422 | €4,554 | -€1,868 | -29.1% |
| Cash at bank and in hand | 54/58 | €9,842 | €7,037 | -€2,805 | -28.5% |
| Deferred charges and accrued income | 490/1 | €9,058 | €15,448 | +€6,389 | +70.5% |
| Total equity and liabilities | 10/49 | €668,537 | €680,753 | +€12,216 | +1.8% |
| Equity | 10/15 | €95,212 | €103,660 | +€8,447 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,612 | €85,060 | +€8,447 | +11.0% |
| Distributable reserves | 133 | €76,612 | €85,060 | +€8,447 | +11.0% |
| Amounts payable | 17/49 | €573,324 | €577,093 | +€3,769 | +0.7% |
| Amounts payable after more than one year | 17 | €442,225 | €404,428 | -€37,797 | -8.5% |
| Financial debts | 170/4 | €442,225 | €404,428 | -€37,797 | -8.5% |
| Amounts payable within one year | 42/48 | €125,568 | €168,618 | +€43,050 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €70,630 | €37,797 | -€32,833 | -46.5% |
| Financial debts | 43 | - | €24,830 | +€24,830 | |
| Credit institutions | 430/8 | - | €24,830 | +€24,830 | |
| Trade debts | 44 | €10,023 | €13,724 | +€3,701 | +36.9% |
| Suppliers | 440/4 | €10,023 | €13,724 | +€3,701 | +36.9% |
| Advances received on contracts in progress | 46 | €11,780 | €14,822 | +€3,042 | +25.8% |
| Taxes, remuneration and social security | 45 | €27,598 | €28,331 | +€733 | +2.7% |
| Taxes | 450/3 | €8,257 | €7,834 | -€422 | -5.1% |
| Remuneration and social security | 454/9 | €19,341 | €20,497 | +€1,156 | +6.0% |
| Other amounts payable | 47/48 | €5,537 | €49,113 | +€43,577 | +787% |
| Accrued charges and deferred income | 492/3 | €5,532 | €4,048 | -€1,484 | -26.8% |
| Remuneration, social security and pensions | 62 | €139,327 | €155,361 | +€16,034 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,033 | €49,036 | +€2,003 | +4.3% |
| Other operating charges | 640/8 | €6,361 | €6,327 | -€35 | -0.5% |
| Gross operating margin | 9900 | €252,363 | €279,078 | +€26,716 | +10.6% |
| Operating profit (loss) | 9901 | €59,642 | €68,354 | +€8,713 | +14.6% |
| Financial income | 75/76B | €101 | €57 | -€45 | -44.0% |
| Recurring financial income | 75 | €101 | €57 | -€45 | -44.0% |
| Financial charges | 65/66B | €16,857 | €17,334 | +€477 | +2.8% |
| Recurring financial charges | 65 | €16,857 | €17,334 | +€477 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €42,886 | €51,077 | +€8,191 | +19.1% |
| Income taxes | 67/77 | €4,796 | €12,630 | +€7,834 | +163% |
| Profit (loss) for the period | 9904 | €38,090 | €38,447 | +€357 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,090 | €38,447 | +€357 | +0.9% |
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 14 October 2026 via checked.be.