ComBus Technologies: 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.
ComBus Technologies
Largest movements
- Receivables after one year +€1.0m
up €1.0m (+2348.4%), from €43,430 to €1.1m
- Receivables within one year -€764,537
down €764,537 (-40.9%), from €1.9m to €1.1m
of which Trade receivables: -€763,915
- Intangible fixed assets -€114,221
down €114,221 (-64.0%), from €178,398 to €64,177
- Short-term financial debts -€502,914
down €502,914 (-88.8%), from €566,101 to €63,187
- Reserves +€234,127
up €234,127 (+21.4%), from €1.1m to €1.3m
of which Distributable reserves: +€234,127
- Tax, wage and social debts +€195,784
up €195,784 (+57.9%), from €337,965 to €533,749
of which Taxes: +€114,745
- Trade debts +€184,628
up €184,628 (+112.3%), from €164,399 to €349,027
- Financial charges -€200,265
down €200,265 (-72.4%), from €276,768 to €76,503
- Staff costs +€155,902
up €155,902 (+28.3%), from €551,602 to €707,503
- Gross operating margin -€110,007
down €110,007 (-7.9%), from €1.4m to €1.3m
- Taxes -€26,448
down €26,448 (-22.4%), from €118,035 to €91,587
- Financial income -€20,176
down €20,176 (-100.0%), from €20,176 to €0
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 | €2,707,739 | €2,816,012 | +€108,273 | +4.0% |
| Fixed assets | 21/28 | €780,612 | €638,909 | -€141,703 | -18.2% |
| Intangible fixed assets | 21 | €178,398 | €64,177 | -€114,221 | -64.0% |
| Tangible fixed assets | 22/27 | €602,214 | €574,732 | -€27,482 | -4.6% |
| Plant, machinery and equipment | 23 | €594,886 | €567,537 | -€27,349 | -4.6% |
| Furniture and vehicles | 24 | €7,328 | €7,195 | -€133 | -1.8% |
| Current assets | 29/58 | €1,927,127 | €2,177,103 | +€249,976 | +13.0% |
| Amounts receivable after more than one year | 29 | €43,430 | €1,063,326 | +€1.0m | +2348.4% |
| Other amounts receivable | 291 | €43,430 | €1,063,326 | +€1.0m | +2348.4% |
| Amounts receivable within one year | 40/41 | €1,868,499 | €1,103,962 | -€764,537 | -40.9% |
| Trade receivables | 40 | €1,867,877 | €1,103,962 | -€763,915 | -40.9% |
| Other amounts receivable | 41 | €622 | €0 | -€622 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,104 | €696 | -€408 | -36.9% |
| Deferred charges and accrued income | 490/1 | €14,094 | €9,118 | -€4,976 | -35.3% |
| Total equity and liabilities | 10/49 | €2,707,739 | €2,816,012 | +€108,273 | +4.0% |
| Equity | 10/15 | €1,186,043 | €1,420,170 | +€234,127 | +19.7% |
| Contributions | 10/11 | €91,968 | €91,968 | = | 0.0% |
| Capital | 10 | €91,968 | €91,968 | = | 0.0% |
| Issued capital | 100 | €91,968 | €91,968 | = | 0.0% |
| Reserves | 13 | €1,094,075 | €1,328,202 | +€234,127 | +21.4% |
| Non-distributable reserves | 130/1 | €9,197 | €9,197 | = | 0.0% |
| Legal reserve | 130 | €9,197 | €9,197 | = | 0.0% |
| Distributable reserves | 133 | €1,084,878 | €1,319,005 | +€234,127 | +21.6% |
| Amounts payable | 17/49 | €1,521,696 | €1,395,842 | -€125,855 | -8.3% |
| Amounts payable after more than one year | 17 | €425,000 | €425,000 | = | 0.0% |
| Financial debts | 170/4 | €425,000 | €425,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,084,489 | €961,338 | -€123,151 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €15,375 | €15,375 | = | 0.0% |
| Financial debts | 43 | €566,101 | €63,187 | -€502,914 | -88.8% |
| Credit institutions | 430/8 | €566,101 | €63,187 | -€502,914 | -88.8% |
| Trade debts | 44 | €164,399 | €349,027 | +€184,628 | +112.3% |
| Suppliers | 440/4 | €164,399 | €349,027 | +€184,628 | +112.3% |
| Taxes, remuneration and social security | 45 | €337,965 | €533,749 | +€195,784 | +57.9% |
| Taxes | 450/3 | €199,267 | €314,012 | +€114,745 | +57.6% |
| Remuneration and social security | 454/9 | €138,698 | €219,737 | +€81,039 | +58.4% |
| Other amounts payable | 47/48 | €650 | €0 | -€650 | -100.0% |
| Accrued charges and deferred income | 492/3 | €12,207 | €9,504 | -€2,703 | -22.1% |
| Remuneration, social security and pensions | 62 | €551,602 | €707,503 | +€155,902 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,062 | €176,222 | +€4,161 | +2.4% |
| Other operating charges | 640/8 | €1,382 | €1,126 | -€255 | -18.5% |
| Gross operating margin | 9900 | €1,397,076 | €1,287,069 | -€110,007 | -7.9% |
| Operating profit (loss) | 9901 | €672,031 | €402,217 | -€269,814 | -40.1% |
| Financial income | 75/76B | €20,176 | €0 | -€20,176 | -100.0% |
| Recurring financial income | 75 | €20,176 | €0 | -€20,176 | -100.0% |
| Financial charges | 65/66B | €276,768 | €76,503 | -€200,265 | -72.4% |
| Recurring financial charges | 65 | €276,768 | €76,503 | -€200,265 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €415,440 | €325,714 | -€89,726 | -21.6% |
| Income taxes | 67/77 | €118,035 | €91,587 | -€26,448 | -22.4% |
| Profit (loss) for the period | 9904 | €297,405 | €234,127 | -€63,277 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €297,405 | €234,127 | -€63,277 | -21.3% |
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 30 September 2026 via checked.be.