Armurerie Collard: 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.
Armurerie Collard
Largest movements
- Stocks and contracts +€60,761
up €60,761 (+13.3%), from €456,267 to €517,028
- Cash -€36,919
down €36,919 (-17.8%), from €207,643 to €170,724
mainly Other debts (-€284,313) and Contributions, distributions and other (-€150,000)
- Receivables within one year +€33,665
up €33,665 (+136%), from €24,679 to €58,343
of which Other amounts receivable: +€21,059
- Debts after one year +€371,068
new in 2025: €371,068
- Other debts -€284,313
down €284,313 (-99.9%), from €284,641 to €328
- Profit (loss) carried forward -€257,893
down €257,893 (-98.6%), from €261,555 to €3,662
- Reserves +€110,000
up €110,000 (+452%), from €24,349 to €134,349
- Trade debts +€86,606
up €86,606 (+163%), from €53,238 to €139,844
- Gross operating margin -€28,974
down €28,974 (-23.3%), from €124,226 to €95,252
- Taxes -€8,778
down €8,778 (-83.4%), from €10,522 to €1,744
- Staff costs +€6,816
up €6,816 (+11.7%), from €58,089 to €64,905
- Other operating charges -€2,884
down €2,884 (-19.4%), from €14,886 to €12,003
- Financial charges +€1,675
up €1,675 (+26.4%), from €6,356 to €8,030
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 | €718,453 | €777,153 | +€58,700 | +8.2% |
| Fixed assets | 21/28 | €28,055 | €25,039 | -€3,017 | -10.8% |
| Tangible fixed assets | 22/27 | €27,880 | €24,864 | -€3,017 | -10.8% |
| Plant, machinery and equipment | 23 | €10,299 | €6,268 | -€4,031 | -39.1% |
| Other tangible fixed assets | 26 | €17,581 | €18,596 | +€1,015 | +5.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €690,398 | €752,114 | +€61,716 | +8.9% |
| Stocks and contracts in progress | 3 | €456,267 | €517,028 | +€60,761 | +13.3% |
| Stocks | 30/36 | €456,267 | €517,028 | +€60,761 | +13.3% |
| Amounts receivable within one year | 40/41 | €24,679 | €58,343 | +€33,665 | +136% |
| Trade receivables | 40 | €16,160 | €28,766 | +€12,606 | +78.0% |
| Other amounts receivable | 41 | €8,519 | €29,578 | +€21,059 | +247% |
| Cash at bank and in hand | 54/58 | €207,643 | €170,724 | -€36,919 | -17.8% |
| Deferred charges and accrued income | 490/1 | €1,809 | €6,019 | +€4,210 | +233% |
| Total equity and liabilities | 10/49 | €718,453 | €777,153 | +€58,700 | +8.2% |
| Equity | 10/15 | €292,105 | €144,212 | -€147,893 | -50.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,349 | €134,349 | +€110,000 | +452% |
| Distributable reserves | 133 | €24,349 | €134,349 | +€110,000 | +452% |
| Profit (loss) carried forward | 14 | €261,555 | €3,662 | -€257,893 | -98.6% |
| Amounts payable | 17/49 | €426,348 | €632,942 | +€206,593 | +48.5% |
| Amounts payable after more than one year | 17 | - | €371,068 | +€371,068 | |
| Financial debts | 170/4 | - | €371,068 | +€371,068 | |
| Amounts payable within one year | 42/48 | €426,348 | €261,873 | -€164,475 | -38.6% |
| Current portion of amounts payable after more than one year | 42 | - | €59,468 | +€59,468 | |
| Trade debts | 44 | €53,238 | €139,844 | +€86,606 | +163% |
| Suppliers | 440/4 | €53,238 | €139,844 | +€86,606 | +163% |
| Taxes, remuneration and social security | 45 | €88,470 | €62,233 | -€26,237 | -29.7% |
| Taxes | 450/3 | €80,595 | €53,738 | -€26,857 | -33.3% |
| Remuneration and social security | 454/9 | €7,875 | €8,495 | +€620 | +7.9% |
| Other amounts payable | 47/48 | €284,641 | €328 | -€284,313 | -99.9% |
| Remuneration, social security and pensions | 62 | €58,089 | €64,905 | +€6,816 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,784 | €6,869 | +€1,085 | +18.8% |
| Other operating charges | 640/8 | €14,886 | €12,003 | -€2,884 | -19.4% |
| Gross operating margin | 9900 | €124,226 | €95,252 | -€28,974 | -23.3% |
| Operating profit (loss) | 9901 | €45,466 | €11,475 | -€33,991 | -74.8% |
| Financial income | 75/76B | €614 | €406 | -€208 | -33.8% |
| Recurring financial income | 75 | €614 | €406 | -€208 | -33.8% |
| Financial charges | 65/66B | €6,356 | €8,030 | +€1,675 | +26.4% |
| Recurring financial charges | 65 | €6,356 | €8,030 | +€1,675 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €39,725 | €3,851 | -€35,874 | -90.3% |
| Income taxes | 67/77 | €10,522 | €1,744 | -€8,778 | -83.4% |
| Profit (loss) for the period | 9904 | €29,203 | €2,107 | -€27,096 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,203 | €2,107 | -€27,096 | -92.8% |
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 18 October 2026 via checked.be.