COMBORFISC: 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.
COMBORFISC
Largest movements
- Receivables within one year +€6,434
up €6,434 (+25.1%), from €25,621 to €32,055
- Receivables after one year -€5,840
down €5,840 (-16.7%), from €35,042 to €29,202
- Tangible fixed assets -€3,319
down €3,319 (-4.8%), from €69,713 to €66,393
- Cash +€2,578
up €2,578 (+2.9%), from €88,379 to €90,957
mainly Receivables after one year (+€5,840) and Depreciation (+€3,319)
- Profit (loss) carried forward -€2,903
down €2,903 (-42.2%), from -€6,877 to -€9,780
- Other debts +€2,500
up €2,500 (+15.3%), from €16,391 to €18,891
- Gross operating margin -€6,859
down €6,859 (-67.5%), from €10,161 to €3,301
- Other operating charges +€102
up €102 (+3.1%), from €3,310 to €3,413
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 | €219,661 | €219,512 | -€149 | -0.1% |
| Fixed assets | 21/28 | €70,618 | €67,299 | -€3,319 | -4.7% |
| Tangible fixed assets | 22/27 | €69,713 | €66,393 | -€3,319 | -4.8% |
| Land and buildings | 22 | €69,713 | €66,393 | -€3,319 | -4.8% |
| Financial fixed assets | 28 | €905 | €905 | = | 0.0% |
| Current assets | 29/58 | €149,043 | €152,214 | +€3,171 | +2.1% |
| Amounts receivable after more than one year | 29 | €35,042 | €29,202 | -€5,840 | -16.7% |
| Other amounts receivable | 291 | €35,042 | €29,202 | -€5,840 | -16.7% |
| Amounts receivable within one year | 40/41 | €25,621 | €32,055 | +€6,434 | +25.1% |
| Other amounts receivable | 41 | €25,621 | €32,055 | +€6,434 | +25.1% |
| Cash at bank and in hand | 54/58 | €88,379 | €90,957 | +€2,578 | +2.9% |
| Total equity and liabilities | 10/49 | €219,661 | €219,512 | -€149 | -0.1% |
| Equity | 10/15 | €202,769 | €199,866 | -€2,903 | -1.4% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €85,699 | €85,699 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,840 | €65,840 | = | 0.0% |
| Distributable reserves | 133 | €16,761 | €16,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,877 | -€9,780 | -€2,903 | -42.2% |
| Amounts payable | 17/49 | €16,892 | €19,646 | +€2,754 | +16.3% |
| Amounts payable within one year | 42/48 | €16,517 | €18,891 | +€2,374 | +14.4% |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Other amounts payable | 47/48 | €16,391 | €18,891 | +€2,500 | +15.3% |
| Accrued charges and deferred income | 492/3 | €375 | €755 | +€380 | +101.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,319 | €3,319 | = | 0.0% |
| Other operating charges | 640/8 | €3,310 | €3,413 | +€102 | +3.1% |
| Gross operating margin | 9900 | €10,161 | €3,301 | -€6,859 | -67.5% |
| Operating profit (loss) | 9901 | €3,531 | -€3,431 | -€6,962 | |
| Financial income | 75/76B | €661 | €573 | -€88 | -13.3% |
| Recurring financial income | 75 | €661 | €573 | -€88 | -13.3% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,147 | -€2,903 | -€7,049 | |
| Profit (loss) for the period | 9904 | €4,147 | -€2,903 | -€7,049 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,147 | -€2,903 | -€7,049 |
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 28 September 2026 via checked.be.