COMBI - TRAILER BELGIUM: what changed
COMBI - TRAILER BELGIUM
Largest movements
- Tangible fixed assets -€32,028
down €32,028 (-31.8%), from €100,770 to €68,742
of which Leasing and similar rights: -€26,474
- Cash -€10,465
down €10,465 (-91.7%), from €11,408 to €943
mainly Debts after one year (-€35,397) and Tax, wage and social debts (-€10,776)
- Receivables within one year -€6,457
down €6,457 (-14.0%), from €46,286 to €39,829
of which Trade receivables: -€5,548
- Debts after one year -€35,397
down €35,397 (-40.4%), from €87,604 to €52,206
- Tax, wage and social debts -€10,776
down €10,776 (-91.3%), from €11,802 to €1,027
- Trade debts -€3,726
down €3,726 (-28.1%), from €13,262 to €9,536
- Current portion of long-term debt -€2,691
down €2,691 (-6.9%), from €39,156 to €36,465
- Profit (loss) carried forward +€2,034
up €2,034 (+3.3%), from -€61,940 to -€59,906
- Gross operating margin +€54,551
up €54,551, from -€15,652 to €38,900
- Depreciation -€3,947
down €3,947 (-11.8%), from €33,586 to €29,639
- Financial charges -€3,392
down €3,392 (-36.1%), from €9,395 to €6,003
- Financial income -€2,182
down €2,182 (-98.0%), from €2,227 to €45
- Other operating charges -€1,513
down €1,513 (-42.4%), from €3,571 to €2,058
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €159,803 | €110,468 | -€49,336 | -30.9% |
| Fixed assets | 21/28 | €101,104 | €69,076 | -€32,028 | -31.7% |
| Tangible fixed assets | 22/27 | €100,770 | €68,742 | -€32,028 | -31.8% |
| Plant, machinery and equipment | 23 | €4,494 | €2,809 | -€1,685 | -37.5% |
| Furniture and vehicles | 24 | €4,305 | €436 | -€3,869 | -89.9% |
| Leasing and similar rights | 25 | €91,971 | €65,497 | -€26,474 | -28.8% |
| Financial fixed assets | 28 | €334 | €334 | = | 0.0% |
| Current assets | 29/58 | €58,699 | €41,391 | -€17,308 | -29.5% |
| Amounts receivable within one year | 40/41 | €46,286 | €39,829 | -€6,457 | -14.0% |
| Trade receivables | 40 | €28,773 | €23,224 | -€5,548 | -19.3% |
| Other amounts receivable | 41 | €17,513 | €16,604 | -€909 | -5.2% |
| Cash at bank and in hand | 54/58 | €11,408 | €943 | -€10,465 | -91.7% |
| Deferred charges and accrued income | 490/1 | €1,006 | €619 | -€386 | -38.4% |
| Total equity and liabilities | 10/49 | €159,803 | €110,468 | -€49,336 | -30.9% |
| Equity | 10/15 | €7,979 | €10,013 | +€2,034 | +25.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €51,327 | €51,327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €49,468 | €49,468 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,940 | -€59,906 | +€2,034 | +3.3% |
| Amounts payable | 17/49 | €151,825 | €100,455 | -€51,370 | -33.8% |
| Amounts payable after more than one year | 17 | €87,604 | €52,206 | -€35,397 | -40.4% |
| Financial debts | 170/4 | €87,604 | €52,206 | -€35,397 | -40.4% |
| Amounts payable within one year | 42/48 | €64,221 | €48,249 | -€15,972 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €39,156 | €36,465 | -€2,691 | -6.9% |
| Financial debts | 43 | - | €1,221 | +€1,221 | |
| Credit institutions | 430/8 | - | €1,221 | +€1,221 | |
| Trade debts | 44 | €13,262 | €9,536 | -€3,726 | -28.1% |
| Suppliers | 440/4 | €13,262 | €9,536 | -€3,726 | -28.1% |
| Taxes, remuneration and social security | 45 | €11,802 | €1,027 | -€10,776 | -91.3% |
| Taxes | 450/3 | €11,802 | €1,027 | -€10,776 | -91.3% |
| Non-recurring operating income | 76A | - | €7,967 | +€7,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,586 | €29,639 | -€3,947 | -11.8% |
| Other operating charges | 640/8 | €3,571 | €2,058 | -€1,513 | -42.4% |
| Non-recurring operating charges | 66A | €1,581 | - | -€1,581 | |
| Gross operating margin | 9900 | -€15,652 | €38,900 | +€54,551 | |
| Operating profit (loss) | 9901 | -€54,390 | €7,202 | +€61,592 | |
| Financial income | 75/76B | €2,227 | €45 | -€2,182 | -98.0% |
| Recurring financial income | 75 | €2,227 | €45 | -€2,182 | -98.0% |
| Financial charges | 65/66B | €9,395 | €6,003 | -€3,392 | -36.1% |
| Recurring financial charges | 65 | €9,395 | €6,003 | -€3,392 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | -€61,558 | €1,244 | +€62,802 | |
| Income taxes | 67/77 | €382 | -€789 | -€1,171 | |
| Profit (loss) for the period | 9904 | -€61,940 | €2,034 | +€63,974 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,940 | €2,034 | +€63,974 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.