COMBIPASS INTERMODAL: what changed
Two fiscal 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.
COMBIPASS INTERMODAL
Largest movements
- Receivables within one year +€411,897
up €411,897 (+102.8%), from €400,613 to €812,511
of which Other amounts receivable: +€420,463
- Cash -€101,041
down €101,041 (-30.3%), from €333,797 to €232,756
mainly Receivables within one year (-€411,897) and Tax, wage and social debts (-€42,716)
- Reserves +€288,611
up €288,611 (+166.9%), from €172,944 to €461,555
- Debts after one year +€69,810
up €69,810 (+122.2%), from €57,130 to €126,940
- Tax, wage and social debts -€42,716
down €42,716 (-21.6%), from €198,161 to €155,445
of which Remuneration and social security: -€62,909
- Trade debts -€27,450
down €27,450 (-11.0%), from €250,628 to €223,178
- Provisions +€23,463
up €23,463 (+67.0%), from €35,000 to €58,463
- Staff costs -€104,795
down €104,795 (-25.8%), from €405,503 to €300,708
- Taxes +€33,229
up €33,229 (+41.9%), from €79,378 to €112,607
- Gross operating margin +€27,213
up €27,213 (+3.9%), from €693,263 to €720,476
- Provisions -€11,537
down €11,537 (-33.0%), from €35,000 to €23,463
- Financial income +€9,398
up €9,398 (+1230.0%), from €764 to €10,162
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.
Cash bridge derived
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 | €736,514 | €1,047,806 | +€311,292 | +42.3% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €736,314 | €1,047,606 | +€311,292 | +42.3% |
| Amounts receivable within one year | 40/41 | €400,613 | €812,511 | +€411,897 | +102.8% |
| Trade receivables | 40 | €128,370 | €119,804 | -€8,566 | -6.7% |
| Other amounts receivable | 41 | €272,243 | €692,706 | +€420,463 | +154.4% |
| Cash at bank and in hand | 54/58 | €333,797 | €232,756 | -€101,041 | -30.3% |
| Deferred charges and accrued income | 490/1 | €1,904 | €2,340 | +€436 | +22.9% |
| Total equity and liabilities | 10/49 | €736,514 | €1,047,806 | +€311,292 | +42.3% |
| Equity | 10/15 | €192,944 | €481,555 | +€288,611 | +149.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €172,944 | €461,555 | +€288,611 | +166.9% |
| Distributable reserves | 133 | €172,944 | €461,555 | +€288,611 | +166.9% |
| Provisions and deferred taxes | 16 | €35,000 | €58,463 | +€23,463 | +67.0% |
| Provisions for liabilities and charges | 160/5 | €35,000 | €58,463 | +€23,463 | +67.0% |
| Other liabilities and charges | 164/5 | €35,000 | €58,463 | +€23,463 | +67.0% |
| Amounts payable | 17/49 | €508,569 | €507,788 | -€781 | -0.2% |
| Amounts payable after more than one year | 17 | €57,130 | €126,940 | +€69,810 | +122.2% |
| Other amounts payable | 178/9 | €57,130 | €126,940 | +€69,810 | +122.2% |
| Amounts payable within one year | 42/48 | €451,014 | €380,848 | -€70,166 | -15.6% |
| Trade debts | 44 | €250,628 | €223,178 | -€27,450 | -11.0% |
| Suppliers | 440/4 | €250,628 | €223,178 | -€27,450 | -11.0% |
| Taxes, remuneration and social security | 45 | €198,161 | €155,445 | -€42,716 | -21.6% |
| Taxes | 450/3 | €132,639 | €152,832 | +€20,193 | +15.2% |
| Remuneration and social security | 454/9 | €65,522 | €2,613 | -€62,909 | -96.0% |
| Other amounts payable | 47/48 | €2,225 | €2,225 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €425 | - | -€425 | |
| Remuneration, social security and pensions | 62 | €405,503 | €300,708 | -€104,795 | -25.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €35,000 | €23,463 | -€11,537 | -33.0% |
| Other operating charges | 640/8 | €387 | €714 | +€326 | +84.3% |
| Gross operating margin | 9900 | €693,263 | €720,476 | +€27,213 | +3.9% |
| Operating profit (loss) | 9901 | €252,373 | €395,592 | +€143,219 | +56.7% |
| Financial income | 75/76B | €764 | €10,162 | +€9,398 | +1230.0% |
| Recurring financial income | 75 | €764 | €10,162 | +€9,398 | +1230.0% |
| Financial charges | 65/66B | €4,553 | €4,535 | -€18 | -0.4% |
| Recurring financial charges | 65 | €4,553 | €4,535 | -€18 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €248,584 | €401,218 | +€152,634 | +61.4% |
| Income taxes | 67/77 | €79,378 | €112,607 | +€33,229 | +41.9% |
| Profit (loss) for the period | 9904 | €169,206 | €288,611 | +€119,405 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €169,206 | €288,611 | +€119,405 | +70.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.