COMBINE-IT: 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.
COMBINE-IT
Largest movements
- Intangible fixed assets +€7,649
up €7,649 (+76.4%), from €10,009 to €17,658
- Receivables within one year -€211
down €211 (-58.5%), from €360 to €149
- Cash -€184
down €184 (-54.2%), from €340 to €156
mainly Investment in fixed assets (net) (-€10,864) and Net result for the year (-€7,146)
- Other debts +€14,400
up €14,400 (+131%), from €11,000 to €25,400
- Profit (loss) carried forward -€7,146
down €7,146 (-28.1%), from -€25,420 to -€32,566
- Gross operating margin +€4,183
up €4,183 (+56.7%), from -€7,375 to -€3,192
- Depreciation +€2,772
up €2,772 (+627%), from €442 to €3,215
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 | €10,709 | €17,963 | +€7,254 | +67.7% |
| Fixed assets | 21/28 | €10,009 | €17,658 | +€7,649 | +76.4% |
| Intangible fixed assets | 21 | €10,009 | €17,658 | +€7,649 | +76.4% |
| Current assets | 29/58 | €700 | €305 | -€395 | -56.4% |
| Amounts receivable within one year | 40/41 | €360 | €149 | -€211 | -58.5% |
| Other amounts receivable | 41 | €360 | €149 | -€211 | -58.5% |
| Cash at bank and in hand | 54/58 | €340 | €156 | -€184 | -54.2% |
| Total equity and liabilities | 10/49 | €10,709 | €17,963 | +€7,254 | +67.7% |
| Equity | 10/15 | -€5,420 | -€12,566 | -€7,146 | -132% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,420 | -€32,566 | -€7,146 | -28.1% |
| Amounts payable | 17/49 | €16,129 | €30,529 | +€14,400 | +89.3% |
| Amounts payable within one year | 42/48 | €16,129 | €30,529 | +€14,400 | +89.3% |
| Trade debts | 44 | €5,129 | €5,129 | = | 0.0% |
| Suppliers | 440/4 | €5,129 | €5,129 | = | 0.0% |
| Other amounts payable | 47/48 | €11,000 | €25,400 | +€14,400 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €442 | €3,215 | +€2,772 | +627% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | -€7,375 | -€3,192 | +€4,183 | +56.7% |
| Operating profit (loss) | 9901 | -€8,386 | -€6,992 | +€1,394 | +16.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €140 | €153 | +€13 | +9.5% |
| Recurring financial charges | 65 | €140 | €153 | +€13 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,526 | -€7,146 | +€1,380 | +16.2% |
| Profit (loss) for the period | 9904 | -€8,526 | -€7,146 | +€1,380 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,526 | -€7,146 | +€1,380 | +16.2% |
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 15 October 2026 via checked.be.