COMBES LOGISTICS: 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.
COMBES LOGISTICS
Largest movements
- Cash +€8,914
up €8,914 (+107%), from €8,350 to €17,265
mainly Net result for the year (+€9,918) and Depreciation (+€6,699)
- Tangible fixed assets -€6,699
down €6,699 (-3.4%), from €195,559 to €188,860
of which Land and buildings: -€3,919
- Profit (loss) carried forward +€13,916
up €13,916 (+32.7%), from €42,595 to €56,511
- Other debts -€9,810
down €9,810 (-37.9%), from €25,864 to €16,055
- Reserves -€3,998
down €3,998 (-7.0%), from €57,458 to €53,460
of which Tax-exempt reserves: -€3,998
- Gross operating margin -€5,666
down €5,666 (-16.9%), from €33,496 to €27,829
- Depreciation -€5,000
down €5,000 (-42.7%), from €11,699 to €6,699
- Taxes +€4,263
up €4,263 (+550%), from €776 to €5,038
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 | €215,325 | €217,934 | +€2,609 | +1.2% |
| Fixed assets | 21/28 | €195,559 | €188,860 | -€6,699 | -3.4% |
| Tangible fixed assets | 22/27 | €195,559 | €188,860 | -€6,699 | -3.4% |
| Land and buildings | 22 | €176,323 | €172,404 | -€3,919 | -2.2% |
| Plant, machinery and equipment | 23 | €1,533 | €1,283 | -€250 | -16.3% |
| Furniture and vehicles | 24 | €17,703 | €15,173 | -€2,530 | -14.3% |
| Current assets | 29/58 | €19,766 | €29,074 | +€9,308 | +47.1% |
| Amounts receivable within one year | 40/41 | €11,222 | €11,115 | -€107 | -1.0% |
| Trade receivables | 40 | €11,222 | €11,115 | -€107 | -1.0% |
| Cash at bank and in hand | 54/58 | €8,350 | €17,265 | +€8,914 | +107% |
| Deferred charges and accrued income | 490/1 | €194 | €694 | +€500 | +258% |
| Total equity and liabilities | 10/49 | €215,325 | €217,934 | +€2,609 | +1.2% |
| Equity | 10/15 | €170,053 | €179,971 | +€9,918 | +5.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €57,458 | €53,460 | -€3,998 | -7.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,458 | €46,460 | -€3,998 | -7.9% |
| Profit (loss) carried forward | 14 | €42,595 | €56,511 | +€13,916 | +32.7% |
| Provisions and deferred taxes | 16 | €16,819 | €15,487 | -€1,333 | -7.9% |
| Deferred taxes | 168 | €16,819 | €15,487 | -€1,333 | -7.9% |
| Amounts payable | 17/49 | €28,453 | €22,476 | -€5,977 | -21.0% |
| Amounts payable within one year | 42/48 | €28,453 | €22,476 | -€5,977 | -21.0% |
| Financial debts | 43 | - | €1,690 | +€1,690 | |
| Credit institutions | 430/8 | - | €1,690 | +€1,690 | |
| Trade debts | 44 | - | €678 | +€678 | |
| Suppliers | 440/4 | - | €678 | +€678 | |
| Taxes, remuneration and social security | 45 | €2,589 | €4,053 | +€1,464 | +56.6% |
| Taxes | 450/3 | €2,589 | €4,053 | +€1,464 | +56.6% |
| Other amounts payable | 47/48 | €25,864 | €16,055 | -€9,810 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,699 | €6,699 | -€5,000 | -42.7% |
| Other operating charges | 640/8 | €7,229 | €7,258 | +€30 | +0.4% |
| Gross operating margin | 9900 | €33,496 | €27,829 | -€5,666 | -16.9% |
| Operating profit (loss) | 9901 | €14,568 | €13,872 | -€696 | -4.8% |
| Financial charges | 65/66B | €386 | €248 | -€138 | -35.8% |
| Recurring financial charges | 65 | €386 | €248 | -€138 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €14,181 | €13,624 | -€558 | -3.9% |
| Transfer from deferred taxes | 780 | €1,333 | €1,333 | = | 0.0% |
| Income taxes | 67/77 | €776 | €5,038 | +€4,263 | +550% |
| Profit (loss) for the period | 9904 | €14,739 | €9,918 | -€4,821 | -32.7% |
| Transfer from tax-exempt reserves | 789 | €3,998 | €3,998 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,737 | €13,916 | -€4,821 | -25.7% |
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 18 October 2026 via checked.be.