COLAD: 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.
COLAD
Largest movements
- Tangible fixed assets -€218,779
down €218,779 (-16.8%), from €1.3m to €1.1m
of which Plant, machinery and equipment: -€186,360
- Stocks and contracts -€31,868
down €31,868 (-5.9%), from €541,371 to €509,503
- Receivables within one year +€25,748
up €25,748 (+14.6%), from €176,043 to €201,790
of which Other amounts receivable: +€33,241
- Debts after one year -€166,710
down €166,710 (-16.1%), from €1.0m to €867,547
- Other debts -€134,014
down €134,014 (-95.8%), from €139,918 to €5,904
- Trade debts +€69,114
up €69,114 (+11.8%), from €586,139 to €655,252
- Current portion of long-term debt +€27,353
up €27,353 (+16.3%), from €167,397 to €194,750
- Gross operating margin -€217,235
down €217,235 (-19.2%), from €1.1m to €914,024
- Staff costs +€62,025
up €62,025 (+12.0%), from €514,855 to €576,880
- Taxes -€60,986
down €60,986, from €54,305 to -€6,681
- Other operating charges -€37,678
down €37,678 (-40.2%), from €93,639 to €55,960
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 | €2,336,023 | €2,121,591 | -€214,432 | -9.2% |
| Fixed assets | 21/28 | €1,303,969 | €1,080,965 | -€223,004 | -17.1% |
| Tangible fixed assets | 22/27 | €1,299,745 | €1,080,965 | -€218,779 | -16.8% |
| Land and buildings | 22 | €157,460 | €139,837 | -€17,623 | -11.2% |
| Plant, machinery and equipment | 23 | €1,103,085 | €916,725 | -€186,360 | -16.9% |
| Furniture and vehicles | 24 | €25,278 | €13,111 | -€12,167 | -48.1% |
| Other tangible fixed assets | 26 | €13,921 | €11,293 | -€2,629 | -18.9% |
| Financial fixed assets | 28 | €4,225 | - | -€4,225 | |
| Current assets | 29/58 | €1,032,054 | €1,040,626 | +€8,572 | +0.8% |
| Stocks and contracts in progress | 3 | €541,371 | €509,503 | -€31,868 | -5.9% |
| Stocks | 30/36 | €541,371 | €509,503 | -€31,868 | -5.9% |
| Amounts receivable within one year | 40/41 | €176,043 | €201,790 | +€25,748 | +14.6% |
| Trade receivables | 40 | €34,419 | €26,926 | -€7,493 | -21.8% |
| Other amounts receivable | 41 | €141,623 | €174,865 | +€33,241 | +23.5% |
| Cash at bank and in hand | 54/58 | €306,988 | €322,684 | +€15,696 | +5.1% |
| Deferred charges and accrued income | 490/1 | €7,653 | €6,649 | -€1,004 | -13.1% |
| Total equity and liabilities | 10/49 | €2,336,023 | €2,121,591 | -€214,432 | -9.2% |
| Equity | 10/15 | €310,171 | €321,108 | +€10,937 | +3.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €56,200 | €56,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,971 | €202,908 | +€10,937 | +5.7% |
| Amounts payable | 17/49 | €2,025,852 | €1,800,483 | -€225,369 | -11.1% |
| Amounts payable after more than one year | 17 | €1,034,257 | €867,547 | -€166,710 | -16.1% |
| Financial debts | 170/4 | €1,034,257 | €867,547 | -€166,710 | -16.1% |
| Amounts payable within one year | 42/48 | €991,596 | €932,936 | -€58,659 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €167,397 | €194,750 | +€27,353 | +16.3% |
| Financial debts | 43 | €158 | €31 | -€126 | -80.2% |
| Credit institutions | 430/8 | €158 | €31 | -€126 | -80.2% |
| Trade debts | 44 | €586,139 | €655,252 | +€69,114 | +11.8% |
| Suppliers | 440/4 | €586,139 | €655,252 | +€69,114 | +11.8% |
| Taxes, remuneration and social security | 45 | €97,984 | €76,999 | -€20,985 | -21.4% |
| Taxes | 450/3 | €25,161 | €1,713 | -€23,448 | -93.2% |
| Remuneration and social security | 454/9 | €72,822 | €75,286 | +€2,463 | +3.4% |
| Other amounts payable | 47/48 | €139,918 | €5,904 | -€134,014 | -95.8% |
| Remuneration, social security and pensions | 62 | €514,855 | €576,880 | +€62,025 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,230 | €235,891 | +€9,661 | +4.3% |
| Other operating charges | 640/8 | €93,639 | €55,960 | -€37,678 | -40.2% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €1,131,259 | €914,024 | -€217,235 | -19.2% |
| Operating profit (loss) | 9901 | €296,536 | €45,294 | -€251,243 | -84.7% |
| Financial income | 75/76B | €78 | €354 | +€276 | +354.6% |
| Recurring financial income | 75 | €78 | €354 | +€276 | +354.6% |
| Financial charges | 65/66B | €39,058 | €41,391 | +€2,334 | +6.0% |
| Recurring financial charges | 65 | €39,058 | €41,391 | +€2,334 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €257,556 | €4,256 | -€253,300 | -98.3% |
| Income taxes | 67/77 | €54,305 | -€6,681 | -€60,986 | |
| Profit (loss) for the period | 9904 | €203,251 | €10,937 | -€192,314 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €203,251 | €10,937 | -€192,314 | -94.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.