COMBUVA: 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.
COMBUVA
Largest movements
- Tangible fixed assets -€14,583
down €14,583 (-27.5%), from €53,102 to €38,519
of which Furniture and vehicles: -€14,170
- Cash +€11,753
up €11,753 (+30.7%), from €38,257 to €50,010
mainly Depreciation (+€17,476) and Net result for the year (+€15,786)
- Receivables within one year +€5,365
up €5,365 (+36.3%), from €14,789 to €20,154
of which Trade receivables: +€5,033
- Deferred charges and accrued income +€1,114
new in 2025: €1,114
- Debts after one year -€9,958
down €9,958 (-74.4%), from €13,380 to €3,421
- Tax, wage and social debts +€8,905
up €8,905 (+95.3%), from €9,342 to €18,247
- Other debts +€5,298
up €5,298 (+1141.1%), from €464 to €5,762
- Reserves -€3,510
down €3,510 (-5.6%), from €62,999 to €59,490
- Trade debts +€2,092
up €2,092 (+378.2%), from €553 to €2,646
- Gross operating margin +€19,860
up €19,860 (+83.4%), from €23,813 to €43,673
- Financial income -€3,999
down €3,999 (-99.4%), from €4,021 to €22
of which Non-recurring financial income: -€4,000
- Taxes +€3,659
up €3,659 (+100.9%), from €3,626 to €7,284
- Depreciation +€1,932
up €1,932 (+12.4%), from €15,544 to €17,476
- Other operating charges +€604
up €604 (+44.6%), from €1,353 to €1,958
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 | €107,811 | €111,295 | +€3,484 | +3.2% |
| Fixed assets | 21/28 | €53,402 | €38,819 | -€14,583 | -27.3% |
| Tangible fixed assets | 22/27 | €53,102 | €38,519 | -€14,583 | -27.5% |
| Plant, machinery and equipment | 23 | €9,120 | €8,707 | -€413 | -4.5% |
| Furniture and vehicles | 24 | €43,982 | €29,812 | -€14,170 | -32.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €54,409 | €72,477 | +€18,067 | +33.2% |
| Stocks and contracts in progress | 3 | €1,363 | €1,199 | -€164 | -12.1% |
| Stocks | 30/36 | €1,363 | €1,199 | -€164 | -12.1% |
| Amounts receivable within one year | 40/41 | €14,789 | €20,154 | +€5,365 | +36.3% |
| Trade receivables | 40 | €14,783 | €19,816 | +€5,033 | +34.0% |
| Other amounts receivable | 41 | €6 | €339 | +€332 | +5222.6% |
| Cash at bank and in hand | 54/58 | €38,257 | €50,010 | +€11,753 | +30.7% |
| Deferred charges and accrued income | 490/1 | - | €1,114 | +€1,114 | |
| Total equity and liabilities | 10/49 | €107,811 | €111,295 | +€3,484 | +3.2% |
| Equity | 10/15 | €74,199 | €70,690 | -€3,510 | -4.7% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €62,999 | €59,490 | -€3,510 | -5.6% |
| Distributable reserves | 133 | €62,999 | €59,490 | -€3,510 | -5.6% |
| Amounts payable | 17/49 | €33,612 | €40,606 | +€6,994 | +20.8% |
| Amounts payable after more than one year | 17 | €13,380 | €3,421 | -€9,958 | -74.4% |
| Financial debts | 170/4 | €13,380 | €3,421 | -€9,958 | -74.4% |
| Amounts payable within one year | 42/48 | €20,232 | €36,674 | +€16,442 | +81.3% |
| Current portion of amounts payable after more than one year | 42 | €9,515 | €9,958 | +€443 | +4.7% |
| Financial debts | 43 | €357 | €61 | -€296 | -82.9% |
| Credit institutions | 430/8 | €357 | €61 | -€296 | -82.9% |
| Trade debts | 44 | €553 | €2,646 | +€2,092 | +378.2% |
| Suppliers | 440/4 | €553 | €2,646 | +€2,092 | +378.2% |
| Taxes, remuneration and social security | 45 | €9,342 | €18,247 | +€8,905 | +95.3% |
| Taxes | 450/3 | €9,342 | €18,247 | +€8,905 | +95.3% |
| Other amounts payable | 47/48 | €464 | €5,762 | +€5,298 | +1141.1% |
| Accrued charges and deferred income | 492/3 | - | €510 | +€510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,544 | €17,476 | +€1,932 | +12.4% |
| Other operating charges | 640/8 | €1,353 | €1,958 | +€604 | +44.6% |
| Gross operating margin | 9900 | €23,813 | €43,673 | +€19,860 | +83.4% |
| Operating profit (loss) | 9901 | €6,916 | €24,239 | +€17,324 | +250.5% |
| Financial income | 75/76B | €4,021 | €22 | -€3,999 | -99.4% |
| Recurring financial income | 75 | €21 | €22 | +€1 | +5.3% |
| Non-recurring financial income | 76B | €4,000 | - | -€4,000 | |
| Financial charges | 65/66B | €1,166 | €1,192 | +€26 | +2.2% |
| Recurring financial charges | 65 | €1,166 | €1,192 | +€26 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €9,771 | €23,070 | +€13,299 | +136.1% |
| Income taxes | 67/77 | €3,626 | €7,284 | +€3,659 | +100.9% |
| Profit (loss) for the period | 9904 | €6,145 | €15,786 | +€9,640 | +156.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,145 | €15,786 | +€9,640 | +156.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.