COMBO//A2: 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.
COMBO//A2
Largest movements
- Financial fixed assets +€5,550
up €5,550 (+526%), from €1,055 to €6,605
- Cash -€5,051
down €5,051 (-41.4%), from €12,191 to €7,140
mainly Investment in fixed assets (net) (-€9,192) and Net result for the year (-€4,558)
- Stocks and contracts -€3,526
down €3,526 (-27.8%), from €12,673 to €9,147
- Tangible fixed assets +€2,361
up €2,361 (+131%), from €1,808 to €4,169
of which Other tangible fixed assets: +€3,489
- Deferred charges and accrued income +€298
up €298 (+89.2%), from €334 to €632
- Other debts +€6,293
up €6,293 (+300%), from €2,097 to €8,391
- Profit (loss) carried forward -€2,646
new in 2025: -€2,646
- Reserves -€1,913
down €1,913 (-50.7%), from €3,773 to €1,860
of which Distributable reserves: -€1,913
- Tax, wage and social debts -€1,205
down €1,205 (-39.1%), from €3,080 to €1,875
of which Remuneration and social security: -€1,014
- Trade debts -€667
down €667 (-76.9%), from €868 to €200
- Gross operating margin -€7,905
down €7,905 (-69.5%), from €11,378 to €3,473
- Staff costs -€3,755
down €3,755 (-49.8%), from €7,542 to €3,787
- Other operating charges -€470
down €470 (-27.7%), from €1,697 to €1,227
- Depreciation +€364
up €364 (+39.6%), from €918 to €1,281
- Financial charges -€121
down €121 (-7.1%), from €1,715 to €1,594
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 | €28,417 | €28,280 | -€137 | -0.5% |
| Fixed assets | 21/28 | €2,863 | €10,774 | +€7,911 | +276% |
| Tangible fixed assets | 22/27 | €1,808 | €4,169 | +€2,361 | +131% |
| Furniture and vehicles | 24 | €1,808 | €680 | -€1,128 | -62.4% |
| Other tangible fixed assets | 26 | - | €3,489 | +€3,489 | |
| Financial fixed assets | 28 | €1,055 | €6,605 | +€5,550 | +526% |
| Current assets | 29/58 | €25,554 | €17,506 | -€8,048 | -31.5% |
| Stocks and contracts in progress | 3 | €12,673 | €9,147 | -€3,526 | -27.8% |
| Stocks | 30/36 | €12,673 | €9,147 | -€3,526 | -27.8% |
| Amounts receivable within one year | 40/41 | €356 | €586 | +€230 | +64.7% |
| Trade receivables | 40 | €356 | €134 | -€222 | -62.3% |
| Other amounts receivable | 41 | - | €452 | +€452 | |
| Cash at bank and in hand | 54/58 | €12,191 | €7,140 | -€5,051 | -41.4% |
| Deferred charges and accrued income | 490/1 | €334 | €632 | +€298 | +89.2% |
| Total equity and liabilities | 10/49 | €28,417 | €28,280 | -€137 | -0.5% |
| Equity | 10/15 | €22,373 | €17,814 | -€4,558 | -20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,773 | €1,860 | -€1,913 | -50.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,913 | - | -€1,913 | |
| Profit (loss) carried forward | 14 | - | -€2,646 | -€2,646 | |
| Amounts payable | 17/49 | €6,044 | €10,466 | +€4,421 | +73.1% |
| Amounts payable within one year | 42/48 | €6,044 | €10,466 | +€4,421 | +73.1% |
| Trade debts | 44 | €868 | €200 | -€667 | -76.9% |
| Suppliers | 440/4 | €868 | €200 | -€667 | -76.9% |
| Taxes, remuneration and social security | 45 | €3,080 | €1,875 | -€1,205 | -39.1% |
| Taxes | 450/3 | €2,066 | €1,875 | -€192 | -9.3% |
| Remuneration and social security | 454/9 | €1,014 | - | -€1,014 | |
| Other amounts payable | 47/48 | €2,097 | €8,391 | +€6,293 | +300% |
| Remuneration, social security and pensions | 62 | €7,542 | €3,787 | -€3,755 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €918 | €1,281 | +€364 | +39.6% |
| Other operating charges | 640/8 | €1,697 | €1,227 | -€470 | -27.7% |
| Gross operating margin | 9900 | €11,378 | €3,473 | -€7,905 | -69.5% |
| Operating profit (loss) | 9901 | €1,222 | -€2,823 | -€4,045 | |
| Financial income | 75/76B | €13 | €0 | -€13 | -99.8% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.8% |
| Financial charges | 65/66B | €1,715 | €1,594 | -€121 | -7.1% |
| Recurring financial charges | 65 | €1,715 | €1,594 | -€121 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€480 | -€4,417 | -€3,937 | -819% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€620 | -€4,558 | -€3,938 | -635% |
| Profit (loss) for the period to be appropriated | 9905 | -€620 | -€4,558 | -€3,938 | -635% |
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 16 October 2026 via checked.be.