COLANVIN: 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.
COLANVIN
Largest movements
- Tangible fixed assets -€122,432
down €122,432 (-5.8%), from €2.1m to €2.0m
of which Furniture and vehicles: -€82,964
- Receivables within one year -€30,505
down €30,505 (-66.6%), from €45,771 to €15,266
- Debts after one year -€199,269
down €199,269 (-28.6%), from €695,719 to €496,450
- Other debts +€45,350
up €45,350 (+7.6%), from €597,208 to €642,558
- Staff costs +€90,293
up €90,293 (+14.4%), from €625,419 to €715,712
- Gross operating margin +€46,736
up €46,736 (+4.7%), from €998,080 to €1.0m
- Financial charges -€23,383
down €23,383 (-23.9%), from €97,977 to €74,594
- Depreciation +€15,770
up €15,770 (+12.6%), from €125,492 to €141,262
- Taxes -€12,781
down €12,781 (-22.2%), from €57,504 to €44,723
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,182,238 | €2,024,947 | -€157,291 | -7.2% |
| Fixed assets | 21/28 | €2,127,696 | €2,005,264 | -€122,432 | -5.8% |
| Tangible fixed assets | 22/27 | €2,127,696 | €2,005,264 | -€122,432 | -5.8% |
| Land and buildings | 22 | €1,691,563 | €1,650,976 | -€40,587 | -2.4% |
| Plant, machinery and equipment | 23 | €58,536 | €59,655 | +€1,119 | +1.9% |
| Furniture and vehicles | 24 | €377,597 | €294,633 | -€82,964 | -22.0% |
| Current assets | 29/58 | €54,542 | €19,683 | -€34,859 | -63.9% |
| Amounts receivable within one year | 40/41 | €45,771 | €15,266 | -€30,505 | -66.6% |
| Other amounts receivable | 41 | €45,771 | €15,266 | -€30,505 | -66.6% |
| Deferred charges and accrued income | 490/1 | €8,771 | €4,418 | -€4,353 | -49.6% |
| Total equity and liabilities | 10/49 | €2,182,238 | €2,024,947 | -€157,291 | -7.2% |
| Equity | 10/15 | €458,629 | €461,299 | +€2,669 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €357,027 | €359,697 | +€2,669 | +0.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €355,167 | €357,837 | +€2,669 | +0.8% |
| Profit (loss) carried forward | 14 | -€16,998 | -€16,998 | = | 0.0% |
| Amounts payable | 17/49 | €1,723,609 | €1,563,648 | -€159,960 | -9.3% |
| Amounts payable after more than one year | 17 | €695,719 | €496,450 | -€199,269 | -28.6% |
| Financial debts | 170/4 | €695,719 | €496,450 | -€199,269 | -28.6% |
| Amounts payable within one year | 42/48 | €988,993 | €1,027,932 | +€38,938 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €210,999 | €199,269 | -€11,730 | -5.6% |
| Financial debts | 43 | - | €2,107 | +€2,107 | |
| Credit institutions | 430/8 | - | €2,107 | +€2,107 | |
| Trade debts | 44 | €153,282 | €141,735 | -€11,547 | -7.5% |
| Suppliers | 440/4 | €153,282 | €141,735 | -€11,547 | -7.5% |
| Taxes, remuneration and social security | 45 | €27,504 | €42,262 | +€14,758 | +53.7% |
| Taxes | 450/3 | €27,504 | €19,723 | -€7,781 | -28.3% |
| Remuneration and social security | 454/9 | - | €22,539 | +€22,539 | |
| Other amounts payable | 47/48 | €597,208 | €642,558 | +€45,350 | +7.6% |
| Accrued charges and deferred income | 492/3 | €38,896 | €39,267 | +€370 | +1.0% |
| Remuneration, social security and pensions | 62 | €625,419 | €715,712 | +€90,293 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,492 | €141,262 | +€15,770 | +12.6% |
| Other operating charges | 640/8 | €13,140 | €13,256 | +€116 | +0.9% |
| Gross operating margin | 9900 | €998,080 | €1,044,816 | +€46,736 | +4.7% |
| Operating profit (loss) | 9901 | €234,029 | €174,586 | -€59,443 | -25.4% |
| Financial income | 75/76B | €11,735 | €4,514 | -€7,221 | -61.5% |
| Recurring financial income | 75 | €11,735 | €4,514 | -€7,221 | -61.5% |
| Financial charges | 65/66B | €97,977 | €74,594 | -€23,383 | -23.9% |
| Recurring financial charges | 65 | €97,977 | €74,594 | -€23,383 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €147,787 | €104,506 | -€43,281 | -29.3% |
| Income taxes | 67/77 | €57,504 | €44,723 | -€12,781 | -22.2% |
| Profit (loss) for the period | 9904 | €90,283 | €59,783 | -€30,500 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,283 | €59,783 | -€30,500 | -33.8% |
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 15 October 2026 via checked.be.