COMBLAIN MOTORS: 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.
What changed
COMBLAIN MOTORS
NACE 46.713, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€89,579
2024 · €19,983-€109,563
Equity
€316,253
2024 · €405,832-€89,579
Cash
€457,827
2024 · €169,206+€288,621
Balance sheet total
€2.5m
2024 · €2.1m+€347,927
Largest movements
Assets
- Cash +€288,621
up €288,621 (+171%), from €169,206 to €457,827
mainly Other debts (+€280,015) and Stocks and contracts (+€268,614)
- Stocks and contracts -€268,614
down €268,614 (-18.3%), from €1.5m to €1.2m
- Receivables within one year +€253,084
up €253,084 (+122%), from €208,160 to €461,245
of which Trade receivables: +€151,840
- Tangible fixed assets +€75,603
up €75,603 (+26.6%), from €283,967 to €359,571
of which Furniture and vehicles: +€57,793
Equity and liabilities
- Other debts +€280,015
new in 2025: €280,015
- Short-term financial debts +€260,000
up €260,000 (+31.0%), from €840,000 to €1.1m
- Trade debts -€95,699
down €95,699 (-23.9%), from €400,742 to €305,043
- Profit (loss) carried forward -€89,579
down €89,579 (-41.9%), from €213,789 to €124,209
- Debts after one year -€47,385
down €47,385 (-17.2%), from €275,745 to €228,360
Income statement
- Goods and materials +€190,998
up €190,998 (+6.7%), from €2.9m to €3.0m
of which Purchases: +€216,448
- Other operating income +€48,036
up €48,036 (+262%), from €18,356 to €66,393
- Write-downs -€45,859
down €45,859, from €22,682 to -€23,176
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.
Result 2024
€19,983
Turnover
-€32,503
Other operating income
+€48,036
Goods and materials
-€190,998
Services and other goods
+€16,873
Staff costs
+€25,112
Depreciation
-€17,788
Write-downs
+€45,859
Other operating charges
-€2,018
Other operating items
-€24,400
Financial income
-€1,650
Financial charges
+€5,009
Taxes
+€18,905
Result 2025
-€89,579
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€201,026
Investment
-€128,362
Financing
+€215,957
Cash 2024
€169,206
From operations (derived)
+€201,026
Net result for the year
-€89,579
Depreciation
+€53,526
Stocks and contracts
+€268,614
Receivables within one year
-€253,084
Trade debts
-€95,699
Tax, wage and social debts
+€36,387
Other debts
+€280,015
Accrued charges and deferred income
+€847
Investment (derived)
-€128,362
Investment in fixed assets (net)
-€128,362
Financing
+€215,957
Debts after one year
-€47,385
Current portion of long-term debt
+€3,342
Short-term financial debts
+€260,000
Cash 2025
€457,827
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,130,808 | €2,478,735 | +€347,927 | +16.3% |
| Fixed assets | 21/28 | €284,900 | €359,736 | +€74,836 | +26.3% |
| Tangible fixed assets | 22/27 | €283,967 | €359,571 | +€75,603 | +26.6% |
| Land and buildings | 22 | €180,415 | €194,930 | +€14,515 | +8.0% |
| Plant, machinery and equipment | 23 | €52,664 | €56,557 | +€3,893 | +7.4% |
| Furniture and vehicles | 24 | €49,815 | €107,608 | +€57,793 | +116% |
| Other tangible fixed assets | 26 | €1,073 | €475 | -€598 | -55.7% |
| Financial fixed assets | 28 | €933 | €165 | -€768 | -82.3% |
| Other financial fixed assets | 284/8 | €933 | €165 | -€768 | -82.3% |
| Amounts receivable and cash guarantees | 285/8 | €933 | €165 | -€768 | -82.3% |
| Current assets | 29/58 | €1,845,908 | €2,118,999 | +€273,091 | +14.8% |
| Stocks and contracts in progress | 3 | €1,468,542 | €1,199,928 | -€268,614 | -18.3% |
| Stocks | 30/36 | €1,468,542 | €1,199,928 | -€268,614 | -18.3% |
| Goods purchased for resale | 34 | €1,468,542 | €1,199,928 | -€268,614 | -18.3% |
| Amounts receivable within one year | 40/41 | €208,160 | €461,245 | +€253,084 | +122% |
| Trade receivables | 40 | €182,291 | €334,131 | +€151,840 | +83.3% |
| Other amounts receivable | 41 | €25,869 | €127,113 | +€101,244 | +391% |
| Cash at bank and in hand | 54/58 | €169,206 | €457,827 | +€288,621 | +171% |
| Total equity and liabilities | 10/49 | €2,130,808 | €2,478,735 | +€347,927 | +16.3% |
| Equity | 10/15 | €405,832 | €316,253 | -€89,579 | -22.1% |
| Contributions | 10/11 | €99,184 | €99,184 | = | 0.0% |
| Capital | 10 | €99,184 | €99,184 | = | 0.0% |
| Issued capital | 100 | €99,184 | €99,184 | = | 0.0% |
| Reserves | 13 | €92,860 | €92,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,968 | €9,968 | = | 0.0% |
| Legal reserve | 130 | €9,968 | €9,968 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,991 | €57,991 | = | 0.0% |
| Distributable reserves | 133 | €24,900 | €24,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,789 | €124,209 | -€89,579 | -41.9% |
| Amounts payable | 17/49 | €1,724,975 | €2,162,482 | +€437,507 | +25.4% |
| Amounts payable after more than one year | 17 | €275,745 | €228,360 | -€47,385 | -17.2% |
| Financial debts | 170/4 | €275,745 | €228,360 | -€47,385 | -17.2% |
| Credit institutions | 173 | €275,745 | €228,360 | -€47,385 | -17.2% |
| Amounts payable within one year | 42/48 | €1,443,829 | €1,927,874 | +€484,045 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €89,729 | €93,071 | +€3,342 | +3.7% |
| Financial debts | 43 | €840,000 | €1,100,000 | +€260,000 | +31.0% |
| Credit institutions | 430/8 | €840,000 | €1,100,000 | +€260,000 | +31.0% |
| Trade debts | 44 | €400,742 | €305,043 | -€95,699 | -23.9% |
| Suppliers | 440/4 | €400,742 | €305,043 | -€95,699 | -23.9% |
| Taxes, remuneration and social security | 45 | €113,357 | €149,744 | +€36,387 | +32.1% |
| Taxes | 450/3 | €55,436 | €92,248 | +€36,811 | +66.4% |
| Remuneration and social security | 454/9 | €57,921 | €57,497 | -€425 | -0.7% |
| Other amounts payable | 47/48 | - | €280,015 | +€280,015 | |
| Accrued charges and deferred income | 492/3 | €5,401 | €6,248 | +€847 | +15.7% |
| Operating income | 70/76A | €4,089,769 | €4,105,302 | +€15,534 | +0.4% |
| Turnover | 70 | €4,071,412 | €4,038,909 | -€32,503 | -0.8% |
| Other operating income | 74 | €18,356 | €66,393 | +€48,036 | +262% |
| Operating charges | 60/66A | €4,005,367 | €4,152,727 | +€147,360 | +3.7% |
| Goods for resale, raw materials and consumables | 60 | €2,858,564 | €3,049,562 | +€190,998 | +6.7% |
| Purchases | 600/8 | €2,564,500 | €2,780,948 | +€216,448 | +8.4% |
| Change in stocks: decrease (increase) | 609 | €294,064 | €268,614 | -€25,450 | -8.7% |
| Services and other goods | 61 | €384,278 | €367,404 | -€16,873 | -4.4% |
| Remuneration, social security and pensions | 62 | €687,933 | €662,821 | -€25,112 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,739 | €53,526 | +€17,788 | +49.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,682 | -€23,176 | -€45,859 | |
| Other operating charges | 640/8 | €14,989 | €17,006 | +€2,018 | +13.5% |
| Non-recurring operating charges | 66A | €1,183 | €25,584 | +€24,400 | +2,062% |
| Operating profit (loss) | 9901 | €84,401 | -€47,425 | -€131,826 | |
| Financial income | 75/76B | €7,354 | €5,704 | -€1,650 | -22.4% |
| Recurring financial income | 75 | €7,354 | €5,704 | -€1,650 | -22.4% |
| Income from financial fixed assets | 750 | - | €501 | +€501 | |
| Other financial income | 752/9 | €7,354 | €5,202 | -€2,151 | -29.3% |
| Financial charges | 65/66B | €53,577 | €48,568 | -€5,009 | -9.3% |
| Recurring financial charges | 65 | €53,577 | €48,568 | -€5,009 | -9.3% |
| Debt charges | 650 | €49,519 | €45,746 | -€3,773 | -7.6% |
| Other financial charges | 652/9 | €4,058 | €2,822 | -€1,236 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €38,178 | -€90,289 | -€128,467 | |
| Income taxes | 67/77 | €18,195 | -€710 | -€18,905 | |
| Taxes | 670/3 | €18,195 | €176 | -€18,019 | -99.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €886 | +€886 | |
| Profit (loss) for the period | 9904 | €19,983 | -€89,579 | -€109,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,983 | -€89,579 | -€109,563 |
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 25 October 2026 via checked.be.