KOMBUST: what changed
What changed
KOMBUST
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€63,971
2024 · €219,669-€155,698
Equity
€1.1m
2024 · €1.0m+€63,138
Cash
€157,085
2024 · €69,353+€87,731
Balance sheet total
€2.7m
2024 · €2.7m-€12,456
Largest movements
Assets
- Receivables within one year -€257,913
down €257,913 (-81.2%), from €317,576 to €59,664
of which Other amounts receivable: -€214,275
- Financial fixed assets +€200,000
up €200,000 (+10.0%), from €2.0m to €2.2m
- Cash +€87,731
up €87,731 (+126%), from €69,353 to €157,085
mainly Receivables within one year (+€257,913) and Net result for the year (+€63,971)
- Tangible fixed assets -€39,917
down €39,917 (-13.0%), from €307,735 to €267,818
of which Land and buildings: -€31,375
Equity and liabilities
- Debts after one year -€107,157
down €107,157 (-9.7%), from €1.1m to €991,937
- Reserves +€63,138
up €63,138 (+6.3%), from €1.0m to €1.1m
Income statement
- Gross operating margin -€184,198
down €184,198 (-52.2%), from €352,663 to €168,465
- Depreciation -€15,957
down €15,957 (-28.6%), from €55,854 to €39,897
- Taxes -€12,691
down €12,691 (-57.5%), from €22,058 to €9,367
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€219,669
Gross operating margin
-€184,198
Depreciation
+€15,957
Other operating charges
+€394
Financial income
-€3,517
Financial charges
+€2,977
Taxes
+€12,691
Result 2025
€63,971
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€393,164
Investment
-€199,980
Financing
-€105,452
Cash 2024
€69,353
From operations (derived)
+€393,164
Net result for the year
+€63,971
Depreciation
+€39,897
Receivables within one year
+€257,913
Deferred charges and accrued income
+€2,358
Trade debts
+€9,440
Tax, wage and social debts
+€9,296
Other debts
+€10,442
Accrued charges and deferred income
-€153
Investment (derived)
-€199,980
Investment in fixed assets (net)
-€199,980
Financing
-€105,452
Debts after one year
-€107,157
Current portion of long-term debt
+€2,369
Short-term financial debts
+€168
Contributions, distributions and other
-€833
Cash 2025
€157,085
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,702,444 | €2,689,988 | -€12,456 | -0.5% |
| Fixed assets | 21/28 | €2,307,735 | €2,467,818 | +€160,083 | +6.9% |
| Tangible fixed assets | 22/27 | €307,735 | €267,818 | -€39,917 | -13.0% |
| Land and buildings | 22 | €270,507 | €239,133 | -€31,375 | -11.6% |
| Plant, machinery and equipment | 23 | €213 | €152 | -€61 | -28.6% |
| Furniture and vehicles | 24 | €7,934 | €5,140 | -€2,794 | -35.2% |
| Other tangible fixed assets | 26 | €29,080 | €23,392 | -€5,688 | -19.6% |
| Financial fixed assets | 28 | €2,000,000 | €2,200,000 | +€200,000 | +10.0% |
| Current assets | 29/58 | €394,709 | €222,170 | -€172,539 | -43.7% |
| Amounts receivable after more than one year | 29 | €2,461 | €2,461 | = | 0.0% |
| Trade receivables | 290 | €2,461 | €2,461 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €317,576 | €59,664 | -€257,913 | -81.2% |
| Trade receivables | 40 | €47,060 | €3,422 | -€43,638 | -92.7% |
| Other amounts receivable | 41 | €270,516 | €56,242 | -€214,275 | -79.2% |
| Cash at bank and in hand | 54/58 | €69,353 | €157,085 | +€87,731 | +126% |
| Deferred charges and accrued income | 490/1 | €5,319 | €2,961 | -€2,358 | -44.3% |
| Total equity and liabilities | 10/49 | €2,702,444 | €2,689,988 | -€12,456 | -0.5% |
| Equity | 10/15 | €1,020,423 | €1,083,561 | +€63,138 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,001,823 | €1,064,961 | +€63,138 | +6.3% |
| Distributable reserves | 133 | €1,001,823 | €1,064,961 | +€63,138 | +6.3% |
| Amounts payable | 17/49 | €1,682,020 | €1,606,426 | -€75,594 | -4.5% |
| Amounts payable after more than one year | 17 | €1,099,094 | €991,937 | -€107,157 | -9.7% |
| Financial debts | 170/4 | €1,099,094 | €991,937 | -€107,157 | -9.7% |
| Amounts payable within one year | 42/48 | €565,243 | €596,959 | +€31,716 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €104,790 | €107,159 | +€2,369 | +2.3% |
| Financial debts | 43 | €47 | €216 | +€168 | +355% |
| Credit institutions | 430/8 | €47 | €216 | +€168 | +355% |
| Trade debts | 44 | €55,022 | €64,462 | +€9,440 | +17.2% |
| Suppliers | 440/4 | €55,022 | €64,462 | +€9,440 | +17.2% |
| Taxes, remuneration and social security | 45 | €29,642 | €38,938 | +€9,296 | +31.4% |
| Taxes | 450/3 | €29,642 | €38,938 | +€9,296 | +31.4% |
| Other amounts payable | 47/48 | €375,742 | €386,184 | +€10,442 | +2.8% |
| Accrued charges and deferred income | 492/3 | €17,683 | €17,530 | -€153 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,854 | €39,897 | -€15,957 | -28.6% |
| Other operating charges | 640/8 | €4,669 | €4,275 | -€394 | -8.4% |
| Gross operating margin | 9900 | €352,663 | €168,465 | -€184,198 | -52.2% |
| Operating profit (loss) | 9901 | €292,141 | €124,293 | -€167,848 | -57.5% |
| Financial income | 75/76B | €5,605 | €2,087 | -€3,517 | -62.8% |
| Recurring financial income | 75 | €5,605 | €2,087 | -€3,517 | -62.8% |
| Financial charges | 65/66B | €56,019 | €53,042 | -€2,977 | -5.3% |
| Recurring financial charges | 65 | €56,019 | €53,042 | -€2,977 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €241,727 | €73,338 | -€168,389 | -69.7% |
| Income taxes | 67/77 | €22,058 | €9,367 | -€12,691 | -57.5% |
| Profit (loss) for the period | 9904 | €219,669 | €63,971 | -€155,698 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €219,669 | €63,971 | -€155,698 | -70.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.