COMBORI: 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.
What changed
COMBORI
NACE 46.841, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.2m+€128,611
Equity
€60.7m
2024 · €59.4m+€1.3m
Cash
-
not filed
Balance sheet total
€75.8m
2024 · €64.9m+€10.9m
Largest movements
Assets
- Receivables within one year +€11.1m
up €11.1m (+49.3%), from €22.5m to €33.6m
of which Other amounts receivable: +€11.1m
Equity and liabilities
- Short-term financial debts +€4.9m
up €4.9m (+182.6%), from €2.7m to €7.6m
- Trade debts +€4.8m
up €4.8m (+290.3%), from €1.6m to €6.4m
- Profit (loss) carried forward +€1.3m
up €1.3m (+4.1%), from -€31.3m to -€30.0m
Income statement
- Turnover -€1.2m
down €1.2m (-3.8%), from €31.6m to €30.4m
- Goods and materials -€879,319
down €879,319 (-4.4%), from €20.0m to €19.2m
of which Purchases: -€764,480
- Services and other goods -€344,993
down €344,993 (-4.7%), from €7.4m to €7.0m
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
€1.2m
Turnover
-€1.2m
Other operating income
+€13,071
Goods and materials
+€879,319
Services and other goods
+€344,993
Staff costs
-€22,157
Depreciation
-€23,080
Write-downs
+€55,197
Provisions
+€25,000
Other operating charges
+€658
Financial income
-€213,558
Financial charges
+€299,310
Taxes
-€40,028
Result 2025
€1.3m
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,888,725 | €75,818,835 | +€10.9m | +16.8% |
| Fixed assets | 21/28 | €38,333,271 | €38,439,265 | +€105,994 | +0.3% |
| Tangible fixed assets | 22/27 | €223,743 | €264,438 | +€40,695 | +18.2% |
| Land and buildings | 22 | - | €46,486 | +€46,486 | |
| Plant, machinery and equipment | 23 | €91,873 | €118,473 | +€26,601 | +29.0% |
| Furniture and vehicles | 24 | €131,871 | €99,479 | -€32,392 | -24.6% |
| Financial fixed assets | 28 | €38,109,528 | €38,174,827 | +€65,300 | +0.2% |
| Affiliated companies | 280/1 | €37,986,700 | €37,986,700 | = | 0.0% |
| Participating interests | 280 | €37,986,700 | €37,986,700 | = | 0.0% |
| Other financial fixed assets | 284/8 | €122,828 | €188,128 | +€65,300 | +53.2% |
| Amounts receivable and cash guarantees | 285/8 | €122,828 | €188,128 | +€65,300 | +53.2% |
| Current assets | 29/58 | €26,555,454 | €37,379,570 | +€10.8m | +40.8% |
| Stocks and contracts in progress | 3 | €3,570,254 | €3,337,167 | -€233,087 | -6.5% |
| Stocks | 30/36 | €3,570,254 | €3,337,167 | -€233,087 | -6.5% |
| Goods purchased for resale | 34 | €3,213,619 | €3,195,697 | -€17,922 | -0.6% |
| Advance payments | 36 | €356,635 | €141,470 | -€215,165 | -60.3% |
| Amounts receivable within one year | 40/41 | €22,484,123 | €33,577,693 | +€11.1m | +49.3% |
| Trade receivables | 40 | €9,710,208 | €9,707,823 | -€2,386 | 0.0% |
| Other amounts receivable | 41 | €12,773,915 | €23,869,871 | +€11.1m | +86.9% |
| Deferred charges and accrued income | 490/1 | €501,077 | €464,710 | -€36,367 | -7.3% |
| Total equity and liabilities | 10/49 | €64,888,725 | €75,818,835 | +€10.9m | +16.8% |
| Equity | 10/15 | €59,424,057 | €60,719,706 | +€1.3m | +2.2% |
| Contributions | 10/11 | €87,475,190 | €87,475,190 | = | 0.0% |
| Capital | 10 | €27,604,122 | €27,604,122 | = | 0.0% |
| Issued capital | 100 | €27,604,122 | €27,604,122 | = | 0.0% |
| Outside capital | 11 | €59,871,067 | €59,871,067 | = | 0.0% |
| Share premium | 1100/10 | €59,871,067 | €59,871,067 | = | 0.0% |
| Reserves | 13 | €3,261,602 | €3,261,602 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250,000 | €250,000 | = | 0.0% |
| Legal reserve | 130 | €250,000 | €250,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €352,395 | €352,395 | = | 0.0% |
| Distributable reserves | 133 | €2,659,207 | €2,659,207 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,312,735 | -€30,017,086 | +€1.3m | +4.1% |
| Provisions and deferred taxes | 16 | €50,000 | - | -€50,000 | |
| Provisions for liabilities and charges | 160/5 | €50,000 | - | -€50,000 | |
| Other liabilities and charges | 164/5 | €50,000 | - | -€50,000 | |
| Amounts payable | 17/49 | €5,414,668 | €15,099,129 | +€9.7m | +178.9% |
| Amounts payable within one year | 42/48 | €5,302,056 | €14,943,226 | +€9.6m | +181.8% |
| Current portion of amounts payable after more than one year | 42 | €1,072 | - | -€1,072 | |
| Financial debts | 43 | €2,683,597 | €7,583,618 | +€4.9m | +182.6% |
| Credit institutions | 430/8 | €2,683,597 | €7,583,618 | +€4.9m | +182.6% |
| Trade debts | 44 | €1,644,813 | €6,419,008 | +€4.8m | +290.3% |
| Suppliers | 440/4 | €1,644,813 | €6,419,008 | +€4.8m | +290.3% |
| Taxes, remuneration and social security | 45 | €972,575 | €940,600 | -€31,975 | -3.3% |
| Taxes | 450/3 | €492,562 | €474,049 | -€18,514 | -3.8% |
| Remuneration and social security | 454/9 | €480,012 | €466,551 | -€13,461 | -2.8% |
| Accrued charges and deferred income | 492/3 | €112,612 | €155,904 | +€43,291 | +38.4% |
| Operating income | 70/76A | €32,478,504 | €31,301,460 | -€1.2m | -3.6% |
| Turnover | 70 | €31,584,240 | €30,394,124 | -€1.2m | -3.8% |
| Other operating income | 74 | €894,265 | €907,336 | +€13,071 | +1.5% |
| Operating charges | 60/66A | €31,296,929 | €30,036,998 | -€1.3m | -4.0% |
| Goods for resale, raw materials and consumables | 60 | €20,040,166 | €19,160,847 | -€879,319 | -4.4% |
| Purchases | 600/8 | €19,894,105 | €19,129,626 | -€764,480 | -3.8% |
| Change in stocks: decrease (increase) | 609 | €146,061 | €31,221 | -€114,839 | -78.6% |
| Services and other goods | 61 | €7,373,547 | €7,028,554 | -€344,993 | -4.7% |
| Remuneration, social security and pensions | 62 | €3,725,266 | €3,747,423 | +€22,157 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,431 | €124,511 | +€23,080 | +22.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €59,061 | €3,864 | -€55,197 | -93.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€25,000 | -€50,000 | -€25,000 | -100.0% |
| Other operating charges | 640/8 | €22,458 | €21,801 | -€658 | -2.9% |
| Operating profit (loss) | 9901 | €1,181,575 | €1,264,462 | +€82,886 | +7.0% |
| Financial income | 75/76B | €946,015 | €732,457 | -€213,558 | -22.6% |
| Recurring financial income | 75 | €911,683 | €732,457 | -€179,226 | -19.7% |
| Income from financial fixed assets | 750 | €147 | - | -€147 | |
| Income from current assets | 751 | €813,468 | €710,336 | -€103,132 | -12.7% |
| Other financial income | 752/9 | €98,067 | €22,121 | -€75,947 | -77.4% |
| Non-recurring financial income | 76B | €34,333 | - | -€34,333 | |
| Financial charges | 65/66B | €541,238 | €241,928 | -€299,310 | -55.3% |
| Recurring financial charges | 65 | €541,238 | €241,928 | -€299,310 | -55.3% |
| Debt charges | 650 | €231,718 | €206,068 | -€25,651 | -11.1% |
| Other financial charges | 652/9 | €309,520 | €35,860 | -€273,660 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | €1,586,352 | €1,754,990 | +€168,638 | +10.6% |
| Income taxes | 67/77 | €419,314 | €459,342 | +€40,028 | +9.5% |
| Taxes | 670/3 | €419,314 | €459,342 | +€40,028 | +9.5% |
| Profit (loss) for the period | 9904 | €1,167,038 | €1,295,649 | +€128,611 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,167,038 | €1,295,649 | +€128,611 | +11.0% |
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 29 September 2026 via checked.be.