COMBO: 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.
COMBO
Largest movements
- Receivables within one year -€181,747
down €181,747 (-50.3%), from €361,125 to €179,378
of which Trade receivables: -€181,329
- Tangible fixed assets -€28,641
down €28,641 (-26.5%), from €108,254 to €79,613
of which Furniture and vehicles: -€18,743
- Profit (loss) carried forward -€366,116
down €366,116 (-34.3%), from -€1.1m to -€1.4m
- Other debts +€251,394
up €251,394 (+36.6%), from €686,766 to €938,160
- Trade debts -€135,562
down €135,562 (-59.0%), from €229,905 to €94,343
- Tax, wage and social debts +€50,452
up €50,452 (+71.3%), from €70,728 to €121,180
of which Taxes: +€32,491
- Debts after one year -€20,958
down €20,958 (-29.6%), from €70,898 to €49,940
- Gross operating margin +€128,420
up €128,420, from -€127,965 to €455
- Staff costs +€74,002
up €74,002 (+29.6%), from €249,648 to €323,650
- Depreciation +€15,177
up €15,177 (+78.8%), from €19,264 to €34,441
- Financial charges +€4,224
up €4,224 (+187.3%), from €2,255 to €6,479
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €516,052 | €299,660 | -€216,392 | -41.9% |
| Formation expenses | 20 | €1,735 | €1,150 | -€585 | -33.7% |
| Fixed assets | 21/28 | €131,229 | €97,650 | -€33,579 | -25.6% |
| Intangible fixed assets | 21 | €22,975 | €18,037 | -€4,938 | -21.5% |
| Tangible fixed assets | 22/27 | €108,254 | €79,613 | -€28,641 | -26.5% |
| Plant, machinery and equipment | 23 | €17,839 | €7,941 | -€9,898 | -55.5% |
| Furniture and vehicles | 24 | €90,415 | €71,672 | -€18,743 | -20.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €383,088 | €200,861 | -€182,227 | -47.6% |
| Amounts receivable within one year | 40/41 | €361,125 | €179,378 | -€181,747 | -50.3% |
| Trade receivables | 40 | €339,541 | €158,212 | -€181,329 | -53.4% |
| Other amounts receivable | 41 | €21,584 | €21,166 | -€418 | -1.9% |
| Cash at bank and in hand | 54/58 | €15,011 | €14,743 | -€268 | -1.8% |
| Deferred charges and accrued income | 490/1 | €6,952 | €6,739 | -€213 | -3.1% |
| Total equity and liabilities | 10/49 | €516,052 | €299,660 | -€216,392 | -41.9% |
| Equity | 10/15 | -€567,257 | -€933,373 | -€366,116 | -64.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,067,257 | -€1,433,373 | -€366,116 | -34.3% |
| Amounts payable | 17/49 | €1,083,309 | €1,233,034 | +€149,724 | +13.8% |
| Amounts payable after more than one year | 17 | €70,898 | €49,940 | -€20,958 | -29.6% |
| Financial debts | 170/4 | €70,898 | €49,940 | -€20,958 | -29.6% |
| Amounts payable within one year | 42/48 | €1,010,968 | €1,183,094 | +€172,126 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €23,569 | €29,411 | +€5,842 | +24.8% |
| Trade debts | 44 | €229,905 | €94,343 | -€135,562 | -59.0% |
| Suppliers | 440/4 | €229,905 | €94,343 | -€135,562 | -59.0% |
| Taxes, remuneration and social security | 45 | €70,728 | €121,180 | +€50,452 | +71.3% |
| Taxes | 450/3 | €12,110 | €44,600 | +€32,491 | +268.3% |
| Remuneration and social security | 454/9 | €58,618 | €76,580 | +€17,961 | +30.6% |
| Other amounts payable | 47/48 | €686,766 | €938,160 | +€251,394 | +36.6% |
| Accrued charges and deferred income | 492/3 | €1,444 | €0 | -€1,444 | -100.0% |
| Remuneration, social security and pensions | 62 | €249,648 | €323,650 | +€74,002 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,264 | €34,441 | +€15,177 | +78.8% |
| Other operating charges | 640/8 | €1,481 | €1,086 | -€395 | -26.7% |
| Gross operating margin | 9900 | -€127,965 | €455 | +€128,420 | |
| Operating profit (loss) | 9901 | -€398,357 | -€358,721 | +€39,637 | +10.0% |
| Financial charges | 65/66B | €2,255 | €6,479 | +€4,224 | +187.3% |
| Recurring financial charges | 65 | €2,255 | €6,479 | +€4,224 | +187.3% |
| Profit (loss) for the period before taxes | 9903 | -€400,612 | -€365,200 | +€35,413 | +8.8% |
| Income taxes | 67/77 | €817 | €916 | +€100 | +12.2% |
| Profit (loss) for the period | 9904 | -€401,429 | -€366,116 | +€35,313 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€401,429 | -€366,116 | +€35,313 | +8.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.