COL MANAGEMENT: what changed
Two fiscal 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.
COL MANAGEMENT
Largest movements
- Cash +€177,148
up €177,148 (+107.2%), from €165,173 to €342,321
mainly Net result for the year (+€525,282) and Tax, wage and social debts (+€40,637)
- Receivables within one year +€128,966
up €128,966 (+73.6%), from €175,215 to €304,180
of which Other amounts receivable: +€90,246
- Tangible fixed assets +€8,307
up €8,307 (+5.3%), from €155,581 to €163,888
of which Furniture and vehicles: +€11,304
- Profit (loss) carried forward +€255,077
up €255,077 (+94.4%), from €270,205 to €525,282
- Tax, wage and social debts +€40,637
up €40,637 (+52.1%), from €77,939 to €118,575
of which Taxes: +€42,637
- Short-term financial debts +€29,436
new in 2025: €29,436
- Debts after one year -€9,099
down €9,099 (-6.5%), from €139,915 to €130,816
- Gross operating margin +€350,515
up €350,515 (+97.5%), from €359,442 to €709,957
- Taxes +€83,643
up €83,643 (+94.7%), from €88,281 to €171,924
- Depreciation +€9,051
up €9,051 (+457.1%), from €1,980 to €11,031
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 | €497,556 | €815,258 | +€317,702 | +63.9% |
| Fixed assets | 21/28 | €156,397 | €163,924 | +€7,527 | +4.8% |
| Intangible fixed assets | 21 | €816 | €36 | -€780 | -95.6% |
| Tangible fixed assets | 22/27 | €155,581 | €163,888 | +€8,307 | +5.3% |
| Land and buildings | 22 | €150,000 | €142,500 | -€7,500 | -5.0% |
| Plant, machinery and equipment | 23 | €3,054 | €7,558 | +€4,503 | +147.4% |
| Furniture and vehicles | 24 | €2,527 | €13,831 | +€11,304 | +447.4% |
| Current assets | 29/58 | €341,159 | €651,333 | +€310,175 | +90.9% |
| Amounts receivable within one year | 40/41 | €175,215 | €304,180 | +€128,966 | +73.6% |
| Trade receivables | 40 | €33,275 | €71,995 | +€38,720 | +116.4% |
| Other amounts receivable | 41 | €141,940 | €232,185 | +€90,246 | +63.6% |
| Cash at bank and in hand | 54/58 | €165,173 | €342,321 | +€177,148 | +107.2% |
| Deferred charges and accrued income | 490/1 | €770 | €4,832 | +€4,062 | +527.2% |
| Total equity and liabilities | 10/49 | €497,556 | €815,258 | +€317,702 | +63.9% |
| Equity | 10/15 | €272,205 | €527,282 | +€255,077 | +93.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €270,205 | €525,282 | +€255,077 | +94.4% |
| Amounts payable | 17/49 | €225,351 | €287,976 | +€62,625 | +27.8% |
| Amounts payable after more than one year | 17 | €139,915 | €130,816 | -€9,099 | -6.5% |
| Financial debts | 170/4 | €139,915 | €130,816 | -€9,099 | -6.5% |
| Amounts payable within one year | 42/48 | €85,436 | €157,161 | +€71,725 | +84.0% |
| Current portion of amounts payable after more than one year | 42 | €7,020 | €8,549 | +€1,530 | +21.8% |
| Financial debts | 43 | - | €29,436 | +€29,436 | |
| Credit institutions | 430/8 | - | €29,436 | +€29,436 | |
| Trade debts | 44 | €478 | €600 | +€122 | +25.6% |
| Suppliers | 440/4 | €478 | €600 | +€122 | +25.6% |
| Taxes, remuneration and social security | 45 | €77,939 | €118,575 | +€40,637 | +52.1% |
| Taxes | 450/3 | €73,939 | €116,575 | +€42,637 | +57.7% |
| Remuneration and social security | 454/9 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,980 | €11,031 | +€9,051 | +457.1% |
| Other operating charges | 640/8 | €276 | €628 | +€352 | +127.4% |
| Gross operating margin | 9900 | €359,442 | €709,957 | +€350,515 | +97.5% |
| Operating profit (loss) | 9901 | €357,186 | €698,298 | +€341,112 | +95.5% |
| Financial income | 75/76B | €8,753 | €9,955 | +€1,202 | +13.7% |
| Recurring financial income | 75 | €8,753 | €9,955 | +€1,202 | +13.7% |
| Financial charges | 65/66B | €7,453 | €11,048 | +€3,595 | +48.2% |
| Recurring financial charges | 65 | €7,453 | €11,048 | +€3,595 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €358,486 | €697,205 | +€338,719 | +94.5% |
| Income taxes | 67/77 | €88,281 | €171,924 | +€83,643 | +94.7% |
| Profit (loss) for the period | 9904 | €270,205 | €525,282 | +€255,077 | +94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €270,205 | €525,282 | +€255,077 | +94.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.