COMBUS: 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.
COMBUS
Largest movements
- Receivables within one year -€6,943
down €6,943 (-26.6%), from €26,139 to €19,196
of which Trade receivables: -€6,847
- Tangible fixed assets -€5,110
down €5,110 (-16.1%), from €31,688 to €26,579
of which Furniture and vehicles: -€3,157
- Cash -€4,377
down €4,377 (-69.2%), from €6,324 to €1,946
mainly Net result for the year (-€25,237) and Other debts (-€1,810)
- Intangible fixed assets -€3,000
down €3,000 (-20.9%), from €14,332 to €11,332
- Deferred charges and accrued income +€1,619
up €1,619 (+266.2%), from €608 to €2,228
- Profit (loss) carried forward -€25,237
down €25,237, from €143 to -€25,094
- Trade debts +€7,386
up €7,386 (+291.0%), from €2,538 to €9,923
- Tax, wage and social debts +€2,168
up €2,168 (+42.7%), from €5,083 to €7,251
- Other debts -€1,810
down €1,810 (-73.4%), from €2,466 to €655
- Accrued charges and deferred income +€979
up €979 (+194.0%), from €504 to €1,483
- Gross operating margin -€29,709
down €29,709, from €13,487 to -€16,221
- Depreciation +€2,491
up €2,491 (+44.3%), from €5,619 to €8,110
- Taxes -€2,438
down €2,438 (-92.2%), from €2,642 to €205
- Other operating charges +€170
up €170 (+121.3%), from €141 to €311
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 | €80,235 | €63,720 | -€16,515 | -20.6% |
| Fixed assets | 21/28 | €46,021 | €37,911 | -€8,110 | -17.6% |
| Intangible fixed assets | 21 | €14,332 | €11,332 | -€3,000 | -20.9% |
| Tangible fixed assets | 22/27 | €31,688 | €26,579 | -€5,110 | -16.1% |
| Furniture and vehicles | 24 | €18,694 | €15,537 | -€3,157 | -16.9% |
| Other tangible fixed assets | 26 | €12,994 | €11,042 | -€1,952 | -15.0% |
| Current assets | 29/58 | €34,214 | €25,809 | -€8,405 | -24.6% |
| Stocks and contracts in progress | 3 | €1,143 | €2,439 | +€1,296 | +113.4% |
| Stocks | 30/36 | €1,143 | €2,439 | +€1,296 | +113.4% |
| Amounts receivable within one year | 40/41 | €26,139 | €19,196 | -€6,943 | -26.6% |
| Trade receivables | 40 | €26,043 | €19,196 | -€6,847 | -26.3% |
| Other amounts receivable | 41 | €96 | - | -€96 | |
| Cash at bank and in hand | 54/58 | €6,324 | €1,946 | -€4,377 | -69.2% |
| Deferred charges and accrued income | 490/1 | €608 | €2,228 | +€1,619 | +266.2% |
| Total equity and liabilities | 10/49 | €80,235 | €63,720 | -€16,515 | -20.6% |
| Equity | 10/15 | €69,644 | €44,407 | -€25,237 | -36.2% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €50,001 | €50,001 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Other | 1319 | €1,950 | €1,950 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,271 | €9,271 | = | 0.0% |
| Distributable reserves | 133 | €38,779 | €38,779 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143 | -€25,094 | -€25,237 | |
| Amounts payable | 17/49 | €10,591 | €19,313 | +€8,722 | +82.4% |
| Amounts payable within one year | 42/48 | €10,086 | €17,830 | +€7,744 | +76.8% |
| Trade debts | 44 | €2,538 | €9,923 | +€7,386 | +291.0% |
| Suppliers | 440/4 | €2,538 | €9,923 | +€7,386 | +291.0% |
| Taxes, remuneration and social security | 45 | €5,083 | €7,251 | +€2,168 | +42.7% |
| Taxes | 450/3 | €5,083 | €7,251 | +€2,168 | +42.7% |
| Other amounts payable | 47/48 | €2,466 | €655 | -€1,810 | -73.4% |
| Accrued charges and deferred income | 492/3 | €504 | €1,483 | +€979 | +194.0% |
| Non-recurring operating income | 76A | - | €23 | +€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,619 | €8,110 | +€2,491 | +44.3% |
| Other operating charges | 640/8 | €141 | €311 | +€170 | +121.3% |
| Non-recurring operating charges | 66A | €605 | €39 | -€566 | -93.6% |
| Gross operating margin | 9900 | €13,487 | -€16,221 | -€29,709 | |
| Operating profit (loss) | 9901 | €7,123 | -€24,681 | -€31,804 | |
| Financial income | 75/76B | €280 | €221 | -€59 | -21.2% |
| Recurring financial income | 75 | €280 | €221 | -€59 | -21.2% |
| Financial charges | 65/66B | €683 | €572 | -€111 | -16.2% |
| Recurring financial charges | 65 | €683 | €572 | -€111 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €6,720 | -€25,032 | -€31,752 | |
| Income taxes | 67/77 | €2,642 | €205 | -€2,438 | -92.2% |
| Profit (loss) for the period | 9904 | €4,078 | -€25,237 | -€29,315 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,078 | -€25,237 | -€29,315 |
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 9 October 2026 via checked.be.