CHRISTOPHE COLBRANT: what changed
CHRISTOPHE COLBRANT
Largest movements
- Cash +€95,119
up €95,119 (+40.8%), from €232,962 to €328,081
mainly Current investments (+€62,000) and Other debts (+€19,062)
- Current investments -€62,000
down €62,000 (-100%), from €62,000 to €0
- Tangible fixed assets -€16,450
down €16,450 (-10.6%), from €154,613 to €138,162
- Stocks and contracts -€9,594
down €9,594 (-84.9%), from €11,294 to €1,700
- Receivables within one year -€5,934
down €5,934 (-36.1%), from €16,460 to €10,525
of which Trade receivables: -€11,065
- Trade debts -€24,090
down €24,090 (-54.4%), from €44,309 to €20,219
- Other debts +€19,062
up €19,062 (+10.7%), from €178,572 to €197,633
- Debts after one year -€11,567
down €11,567 (-26.0%), from €44,555 to €32,988
- Reserves +€11,471
up €11,471 (+14.3%), from €80,360 to €91,831
of which Distributable reserves: +€11,471
- Advances received +€8,110
new in 2025: €8,110
- Depreciation -€17,964
down €17,964 (-52.2%), from €34,415 to €16,450
- Financial charges +€13,809
up €13,809 (+501%), from €2,755 to €16,565
- Write-downs -€6,857
down €6,857, from €0 to -€6,857
- Other operating charges +€6,808
up €6,808 (+285%), from €2,388 to €9,196
- Gross operating margin -€3,686
down €3,686 (-7.6%), from €48,615 to €44,929
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €481,602 | €486,101 | +€4,499 | +0.9% |
| Fixed assets | 21/28 | €154,613 | €138,162 | -€16,450 | -10.6% |
| Tangible fixed assets | 22/27 | €154,613 | €138,162 | -€16,450 | -10.6% |
| Land and buildings | 22 | €125,083 | €118,385 | -€6,698 | -5.4% |
| Plant, machinery and equipment | 23 | €21,651 | €15,389 | -€6,262 | -28.9% |
| Furniture and vehicles | 24 | €7,878 | €4,388 | -€3,490 | -44.3% |
| Current assets | 29/58 | €326,990 | €347,939 | +€20,950 | +6.4% |
| Stocks and contracts in progress | 3 | €11,294 | €1,700 | -€9,594 | -84.9% |
| Stocks | 30/36 | €11,294 | €1,700 | -€9,594 | -84.9% |
| Amounts receivable within one year | 40/41 | €16,460 | €10,525 | -€5,934 | -36.1% |
| Trade receivables | 40 | €11,290 | €225 | -€11,065 | -98.0% |
| Other amounts receivable | 41 | €5,170 | €10,300 | +€5,131 | +99.2% |
| Current investments | 50/53 | €62,000 | €0 | -€62,000 | -100% |
| Cash at bank and in hand | 54/58 | €232,962 | €328,081 | +€95,119 | +40.8% |
| Deferred charges and accrued income | 490/1 | €4,274 | €7,633 | +€3,359 | +78.6% |
| Total equity and liabilities | 10/49 | €481,602 | €486,101 | +€4,499 | +0.9% |
| Equity | 10/15 | €193,614 | €204,324 | +€10,710 | +5.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €80,360 | €91,831 | +€11,471 | +14.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €80,360 | €91,831 | +€11,471 | +14.3% |
| Profit (loss) carried forward | 14 | €72,965 | €72,965 | = | 0.0% |
| Investment grants | 15 | €27,889 | €27,128 | -€761 | -2.7% |
| Amounts payable | 17/49 | €287,988 | €281,778 | -€6,210 | -2.2% |
| Amounts payable after more than one year | 17 | €44,555 | €32,988 | -€11,567 | -26.0% |
| Financial debts | 170/4 | €44,555 | €32,988 | -€11,567 | -26.0% |
| Amounts payable within one year | 42/48 | €243,434 | €248,790 | +€5,356 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €14,969 | €11,567 | -€3,402 | -22.7% |
| Trade debts | 44 | €44,309 | €20,219 | -€24,090 | -54.4% |
| Suppliers | 440/4 | €44,309 | €20,219 | -€24,090 | -54.4% |
| Advances received on contracts in progress | 46 | - | €8,110 | +€8,110 | |
| Taxes, remuneration and social security | 45 | €5,584 | €11,260 | +€5,676 | +102% |
| Taxes | 450/3 | €3,350 | €9,026 | +€5,676 | +169% |
| Remuneration and social security | 454/9 | €2,234 | €2,234 | = | 0.0% |
| Other amounts payable | 47/48 | €178,572 | €197,633 | +€19,062 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,415 | €16,450 | -€17,964 | -52.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€6,857 | -€6,857 | |
| Other operating charges | 640/8 | €2,388 | €9,196 | +€6,808 | +285% |
| Gross operating margin | 9900 | €48,615 | €44,929 | -€3,686 | -7.6% |
| Operating profit (loss) | 9901 | €11,812 | €26,139 | +€14,327 | +121% |
| Financial income | 75/76B | €3,012 | €5,848 | +€2,836 | +94.2% |
| Recurring financial income | 75 | €3,012 | €5,848 | +€2,836 | +94.2% |
| Financial charges | 65/66B | €2,755 | €16,565 | +€13,809 | +501% |
| Recurring financial charges | 65 | €2,755 | €16,565 | +€13,809 | +501% |
| Profit (loss) for the period before taxes | 9903 | €12,068 | €15,423 | +€3,354 | +27.8% |
| Income taxes | 67/77 | €3,362 | €3,952 | +€590 | +17.6% |
| Profit (loss) for the period | 9904 | €8,707 | €11,471 | +€2,764 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,707 | €11,471 | +€2,764 | +31.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.