COLAERS & BLEYEN: what changed
COLAERS & BLEYEN
Largest movements
- Cash +€38,991
up €38,991 (+64.5%), from €60,467 to €99,458
mainly Net result for the year (+€64,026) and Trade debts (+€36,860)
- Receivables within one year +€30,808
up €30,808 (+126%), from €24,447 to €55,255
of which Other amounts receivable: +€17,258
- Tangible fixed assets +€16,348
up €16,348 (+14.8%), from €110,427 to €126,775
of which Plant, machinery and equipment: +€18,148
- Reserves +€64,026
up €64,026 (+58.2%), from €109,946 to €173,972
- Trade debts +€36,860
up €36,860 (+2,424%), from €1,520 to €38,381
- Debts after one year -€16,200
down €16,200 (-37.4%), from €43,368 to €27,168
of which Financial debts: -€17,511
- Gross operating margin +€136,722
up €136,722 (+362%), from €37,720 to €174,442
- Taxes +€17,612
up €17,612, from €0 to €17,612
- Financial charges +€9,242
up €9,242 (+427%), from €2,167 to €11,409
- Staff costs +€7,085
up €7,085 (+16.7%), from €42,391 to €49,476
- Depreciation +€3,430
up €3,430 (+11.4%), from €30,222 to €33,652
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 | €198,018 | €285,441 | +€87,423 | +44.1% |
| Fixed assets | 21/28 | €110,427 | €126,775 | +€16,348 | +14.8% |
| Tangible fixed assets | 22/27 | €110,427 | €126,775 | +€16,348 | +14.8% |
| Plant, machinery and equipment | 23 | €58,051 | €76,199 | +€18,148 | +31.3% |
| Furniture and vehicles | 24 | €50,513 | €49,022 | -€1,491 | -3.0% |
| Other tangible fixed assets | 26 | €1,863 | €1,554 | -€309 | -16.6% |
| Current assets | 29/58 | €87,591 | €158,666 | +€71,076 | +81.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €24,447 | €55,255 | +€30,808 | +126% |
| Trade receivables | 40 | €3,450 | €17,000 | +€13,550 | +393% |
| Other amounts receivable | 41 | €20,997 | €38,255 | +€17,258 | +82.2% |
| Cash at bank and in hand | 54/58 | €60,467 | €99,458 | +€38,991 | +64.5% |
| Deferred charges and accrued income | 490/1 | €2,677 | €3,953 | +€1,276 | +47.7% |
| Total equity and liabilities | 10/49 | €198,018 | €285,441 | +€87,423 | +44.1% |
| Equity | 10/15 | €128,546 | €192,572 | +€64,026 | +49.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,946 | €173,972 | +€64,026 | +58.2% |
| Distributable reserves | 133 | €109,946 | €173,972 | +€64,026 | +58.2% |
| Amounts payable | 17/49 | €69,471 | €92,869 | +€23,398 | +33.7% |
| Amounts payable after more than one year | 17 | €43,368 | €27,168 | -€16,200 | -37.4% |
| Financial debts | 170/4 | €41,910 | €24,400 | -€17,511 | -41.8% |
| Other amounts payable | 178/9 | €1,458 | €2,768 | +€1,311 | +89.9% |
| Amounts payable within one year | 42/48 | €26,104 | €65,701 | +€39,597 | +152% |
| Current portion of amounts payable after more than one year | 42 | €17,024 | €17,511 | +€487 | +2.9% |
| Trade debts | 44 | €1,520 | €38,381 | +€36,860 | +2,424% |
| Suppliers | 440/4 | €1,520 | €38,381 | +€36,860 | +2,424% |
| Taxes, remuneration and social security | 45 | €7,559 | €9,809 | +€2,251 | +29.8% |
| Taxes | 450/3 | €5,930 | €6,403 | +€472 | +8.0% |
| Remuneration and social security | 454/9 | €1,629 | €3,407 | +€1,778 | +109% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €42,391 | €49,476 | +€7,085 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,222 | €33,652 | +€3,430 | +11.4% |
| Other operating charges | 640/8 | €1,936 | €1,323 | -€613 | -31.7% |
| Gross operating margin | 9900 | €37,720 | €174,442 | +€136,722 | +362% |
| Operating profit (loss) | 9901 | -€36,829 | €89,991 | +€126,820 | |
| Financial income | 75/76B | €1,026 | €3,056 | +€2,030 | +198% |
| Recurring financial income | 75 | €1,026 | €3,056 | +€2,030 | +198% |
| Financial charges | 65/66B | €2,167 | €11,409 | +€9,242 | +427% |
| Recurring financial charges | 65 | €2,167 | €11,409 | +€9,242 | +427% |
| Profit (loss) for the period before taxes | 9903 | -€37,969 | €81,637 | +€119,607 | |
| Income taxes | 67/77 | €0 | €17,612 | +€17,612 | |
| Profit (loss) for the period | 9904 | -€37,969 | €64,026 | +€101,995 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,969 | €64,026 | +€101,995 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.