Martin Comblin Consulting: 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.
Martin Comblin Consulting
Largest movements
- Cash +€135,584
up €135,584 (+44.8%), from €302,662 to €438,246
mainly Other debts (+€189,646) and Net result for the year (+€106,655)
- Receivables within one year -€47,789
down €47,789 (-93.9%), from €50,911 to €3,122
of which Trade receivables: -€48,691
- Tangible fixed assets -€6,754
down €6,754 (-58.7%), from €11,496 to €4,742
of which Furniture and vehicles: -€6,754
- Other debts +€189,646
up €189,646 (+492%), from €38,571 to €228,217
- Profit (loss) carried forward -€112,305
down €112,305 (-99.6%), from €112,713 to €408
- Financial charges +€6,166
up €6,166 (+186%), from €3,307 to €9,473
- Gross operating margin -€2,689
down €2,689 (-1.7%), from €154,356 to €151,667
- Taxes -€1,951
down €1,951 (-6.2%), from €31,554 to €29,603
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.
Derived cash bridge
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 | €368,828 | €449,841 | +€81,013 | +22.0% |
| Fixed assets | 21/28 | €11,496 | €4,742 | -€6,754 | -58.7% |
| Tangible fixed assets | 22/27 | €11,496 | €4,742 | -€6,754 | -58.7% |
| Furniture and vehicles | 24 | €11,496 | €4,742 | -€6,754 | -58.7% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €357,331 | €445,098 | +€87,767 | +24.6% |
| Amounts receivable within one year | 40/41 | €50,911 | €3,122 | -€47,789 | -93.9% |
| Trade receivables | 40 | €48,691 | €0 | -€48,691 | -100% |
| Other amounts receivable | 41 | €2,220 | €3,122 | +€902 | +40.6% |
| Cash at bank and in hand | 54/58 | €302,662 | €438,246 | +€135,584 | +44.8% |
| Deferred charges and accrued income | 490/1 | €3,758 | €3,730 | -€28 | -0.7% |
| Total equity and liabilities | 10/49 | €368,828 | €449,841 | +€81,013 | +22.0% |
| Equity | 10/15 | €281,058 | €168,753 | -€112,305 | -40.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €165,345 | €165,345 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,259 | €33,259 | = | 0.0% |
| Distributable reserves | 133 | €132,086 | €132,086 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,713 | €408 | -€112,305 | -99.6% |
| Amounts payable | 17/49 | €87,769 | €281,088 | +€193,319 | +220% |
| Amounts payable within one year | 42/48 | €87,769 | €281,088 | +€193,319 | +220% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €49,198 | €52,871 | +€3,673 | +7.5% |
| Taxes | 450/3 | €49,198 | €52,871 | +€3,673 | +7.5% |
| Other amounts payable | 47/48 | €38,571 | €228,217 | +€189,646 | +492% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,754 | €6,754 | = | 0.0% |
| Other operating charges | 640/8 | €28 | €485 | +€456 | +1,610% |
| Gross operating margin | 9900 | €154,356 | €151,667 | -€2,689 | -1.7% |
| Operating profit (loss) | 9901 | €147,573 | €144,428 | -€3,145 | -2.1% |
| Financial income | 75/76B | - | €1,303 | +€1,303 | |
| Recurring financial income | 75 | - | €1,303 | +€1,303 | |
| Financial charges | 65/66B | €3,307 | €9,473 | +€6,166 | +186% |
| Recurring financial charges | 65 | €3,307 | €9,473 | +€6,166 | +186% |
| Profit (loss) for the period before taxes | 9903 | €144,267 | €136,258 | -€8,008 | -5.6% |
| Income taxes | 67/77 | €31,554 | €29,603 | -€1,951 | -6.2% |
| Profit (loss) for the period | 9904 | €112,713 | €106,655 | -€6,058 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €112,713 | €106,655 | -€6,058 | -5.4% |
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 31 October 2026 via checked.be.