COMBRAG: 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.
COMBRAG
Largest movements
- Tangible fixed assets -€67,719
down €67,719 (-4.3%), from €1.6m to €1.5m
of which Land and buildings: -€57,275
- Cash +€35,354
up €35,354 (+255.8%), from €13,819 to €49,173
mainly Depreciation (+€67,719) and Receivables within one year (+€6,094)
- Reserves -€60,699
down €60,699 (-5.8%), from €1.0m to €978,677
of which Tax-exempt reserves: -€32,691
- Contributions +€28,008
up €28,008 (+37.3%), from €75,000 to €103,008
- Gross operating margin +€22,292
up €22,292 (+131.3%), from €16,980 to €39,272
- Depreciation +€13,013
up €13,013 (+23.8%), from €54,706 to €67,719
- Financial charges -€8,245
down €8,245 (-97.5%), from €8,456 to €211
of which Non-recurring financial charges: -€7,849
- Other operating charges +€1,423
up €1,423 (+50.8%), from €2,803 to €4,226
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 | €1,603,945 | €1,565,976 | -€37,969 | -2.4% |
| Fixed assets | 21/28 | €1,582,851 | €1,515,132 | -€67,719 | -4.3% |
| Tangible fixed assets | 22/27 | €1,582,851 | €1,515,132 | -€67,719 | -4.3% |
| Land and buildings | 22 | €1,553,455 | €1,496,180 | -€57,275 | -3.7% |
| Furniture and vehicles | 24 | €29,396 | €18,952 | -€10,444 | -35.5% |
| Current assets | 29/58 | €21,094 | €50,844 | +€29,750 | +141.0% |
| Amounts receivable within one year | 40/41 | €7,275 | €1,181 | -€6,094 | -83.8% |
| Trade receivables | 40 | €7,275 | €1,113 | -€6,162 | -84.7% |
| Other amounts receivable | 41 | - | €68 | +€68 | |
| Cash at bank and in hand | 54/58 | €13,819 | €49,173 | +€35,354 | +255.8% |
| Deferred charges and accrued income | 490/1 | - | €491 | +€491 | |
| Total equity and liabilities | 10/49 | €1,603,945 | €1,565,976 | -€37,969 | -2.4% |
| Equity | 10/15 | -€204,328 | -€223,337 | -€19,009 | -9.3% |
| Contributions | 10/11 | €75,000 | €103,008 | +€28,008 | +37.3% |
| Reserves | 13 | €1,039,376 | €978,677 | -€60,699 | -5.8% |
| Non-distributable reserves | 130/1 | €7,500 | - | -€7,500 | |
| Reserves not available under the articles | 1311 | €7,500 | - | -€7,500 | |
| Tax-exempt reserves | 132 | €731,202 | €698,511 | -€32,691 | -4.5% |
| Distributable reserves | 133 | €300,674 | €280,166 | -€20,508 | -6.8% |
| Profit (loss) carried forward | 14 | -€1,318,704 | -€1,305,022 | +€13,682 | +1.0% |
| Provisions and deferred taxes | 16 | €307,220 | €293,542 | -€13,679 | -4.5% |
| Deferred taxes | 168 | €307,220 | €293,542 | -€13,679 | -4.5% |
| Amounts payable | 17/49 | €1,501,053 | €1,495,771 | -€5,282 | -0.4% |
| Amounts payable after more than one year | 17 | €1,450,000 | €1,450,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,450,000 | €1,450,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €51,053 | €45,771 | -€5,282 | -10.3% |
| Trade debts | 44 | €137 | - | -€137 | |
| Suppliers | 440/4 | €137 | - | -€137 | |
| Other amounts payable | 47/48 | €50,916 | €45,771 | -€5,145 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,706 | €67,719 | +€13,013 | +23.8% |
| Other operating charges | 640/8 | €2,803 | €4,226 | +€1,423 | +50.8% |
| Gross operating margin | 9900 | €16,980 | €39,272 | +€22,292 | +131.3% |
| Operating profit (loss) | 9901 | -€40,529 | -€32,674 | +€7,855 | +19.4% |
| Financial income | 75/76B | €129 | €196 | +€67 | +52.2% |
| Recurring financial income | 75 | €129 | €97 | -€32 | -25.2% |
| Non-recurring financial income | 76B | - | €100 | +€100 | |
| Financial charges | 65/66B | €8,456 | €211 | -€8,245 | -97.5% |
| Recurring financial charges | 65 | €607 | €211 | -€396 | -65.3% |
| Non-recurring financial charges | 66B | €7,849 | - | -€7,849 | |
| Profit (loss) for the period before taxes | 9903 | -€48,856 | -€32,688 | +€16,168 | +33.1% |
| Transfer from deferred taxes | 780 | €12,635 | €13,679 | +€1,044 | +8.3% |
| Profit (loss) for the period | 9904 | -€36,221 | -€19,009 | +€17,212 | +47.5% |
| Transfer from tax-exempt reserves | 789 | €30,197 | €32,691 | +€2,494 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,024 | €13,682 | +€19,706 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.