André & Michel COLLIGNON: 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.
André & Michel COLLIGNON
Largest movements
- Tangible fixed assets -€12,062
down €12,062 (-7.0%), from €171,835 to €159,773
- Receivables within one year +€9,974
up €9,974 (+26.6%), from €37,509 to €47,483
of which Trade receivables: +€13,868
- Debts after one year -€22,512
down €22,512 (-68.7%), from €32,791 to €10,279
of which Financial debts: -€22,512
- Trade debts +€13,340
up €13,340 (+1122.3%), from €1,189 to €14,529
- Reserves +€11,349
up €11,349 (+13.5%), from €83,767 to €95,116
of which Distributable reserves: +€11,349
- Purchases and services -€10,614
down €10,614 (-24.0%), from €44,137 to €33,524
- Gross operating margin +€3,999
up €3,999 (+11.7%), from €34,170 to €38,169
- Depreciation -€2,537
down €2,537 (-17.4%), from €14,599 to €12,062
- Taxes +€1,987
up €1,987 (+102.9%), from €1,932 to €3,919
- Financial income +€1,772
up €1,772 (+89.8%), from €1,973 to €3,745
of which Financial income: +€1,772
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 | €880,636 | €882,705 | +€2,068 | +0.2% |
| Fixed assets | 21/28 | €171,866 | €159,803 | -€12,062 | -7.0% |
| Tangible fixed assets | 22/27 | €171,835 | €159,773 | -€12,062 | -7.0% |
| Land and buildings | 22 | €171,835 | €159,773 | -€12,062 | -7.0% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €708,771 | €722,901 | +€14,131 | +2.0% |
| Stocks and contracts in progress | 3 | €3,840 | €1,790 | -€2,051 | -53.4% |
| Stocks | 30/36 | €3,840 | €1,790 | -€2,051 | -53.4% |
| Amounts receivable within one year | 40/41 | €37,509 | €47,483 | +€9,974 | +26.6% |
| Trade receivables | 40 | €27,003 | €40,871 | +€13,868 | +51.4% |
| Other amounts receivable | 41 | €10,506 | €6,612 | -€3,894 | -37.1% |
| Cash at bank and in hand | 54/58 | €667,421 | €673,628 | +€6,207 | +0.9% |
| Total equity and liabilities | 10/49 | €880,636 | €882,705 | +€2,068 | +0.2% |
| Equity | 10/15 | €821,964 | €833,313 | +€11,349 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,767 | €95,116 | +€11,349 | +13.5% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €81,784 | €93,133 | +€11,349 | +13.9% |
| Profit (loss) carried forward | 14 | €719,597 | €719,597 | = | 0.0% |
| Amounts payable | 17/49 | €58,672 | €49,392 | -€9,280 | -15.8% |
| Amounts payable after more than one year | 17 | €32,791 | €10,279 | -€22,512 | -68.7% |
| Financial debts | 170/4 | €31,391 | €8,879 | -€22,512 | -71.7% |
| Other amounts payable | 178/9 | €1,400 | €1,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,881 | €39,113 | +€13,232 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €22,309 | €22,512 | +€204 | +0.9% |
| Trade debts | 44 | €1,189 | €14,529 | +€13,340 | +1122.3% |
| Suppliers | 440/4 | €1,189 | €14,529 | +€13,340 | +1122.3% |
| Taxes, remuneration and social security | 45 | €312 | - | -€312 | |
| Taxes | 450/3 | €312 | - | -€312 | |
| Other amounts payable | 47/48 | €2,071 | €2,071 | = | 0.0% |
| Non-recurring operating income | 76A | €7,500 | - | -€7,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €44,137 | €33,524 | -€10,614 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,599 | €12,062 | -€2,537 | -17.4% |
| Other operating charges | 640/8 | €14,767 | €14,136 | -€632 | -4.3% |
| Gross operating margin | 9900 | €34,170 | €38,169 | +€3,999 | +11.7% |
| Operating profit (loss) | 9901 | €4,803 | €11,971 | +€7,168 | +149.2% |
| Financial income | 75/76B | €1,973 | €3,745 | +€1,772 | +89.8% |
| Recurring financial income | 75 | €1,973 | €3,745 | +€1,772 | +89.8% |
| Non-recurring financial income | 76B | €1,973 | - | -€1,973 | |
| Financial charges | 65/66B | €1,723 | €448 | -€1,275 | -74.0% |
| Recurring financial charges | 65 | €1,723 | €448 | -€1,275 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | €5,053 | €15,268 | +€10,215 | +202.2% |
| Income taxes | 67/77 | €1,932 | €3,919 | +€1,987 | +102.9% |
| Profit (loss) for the period | 9904 | €3,121 | €11,349 | +€8,228 | +263.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,121 | €11,349 | +€8,228 | +263.6% |
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 10 October 2026 via checked.be.