COLARD Eyes: what changed
COLARD Eyes
Largest movements
- Intangible fixed assets -€14,500
down €14,500 (-16.7%), from €87,000 to €72,500
- Receivables within one year +€12,432
up €12,432 (+60.1%), from €20,703 to €33,135
of which Trade receivables: +€12,426
- Deferred charges and accrued income +€4,462
up €4,462 (+73.6%), from €6,061 to €10,523
- Cash -€2,110
down €2,110 (-3.3%), from €63,369 to €61,259
mainly Current portion of long-term debt (-€19,575) and Contributions, distributions and other (-€18,000)
- Profit (loss) carried forward +€40,419
up €40,419 (+220%), from €18,398 to €58,816
- Current portion of long-term debt -€19,575
down €19,575 (-66.5%), from €29,455 to €9,880
- Tax, wage and social debts -€12,481
down €12,481 (-62.0%), from €20,121 to €7,640
- Debts after one year -€9,880
no longer reported in 2025 (was €9,880)
- Other debts +€2,449
up €2,449 (+59.6%), from €4,106 to €6,555
- Gross operating margin +€21,277
up €21,277 (+30.9%), from €68,899 to €90,177
- Taxes +€3,864
up €3,864 (+33.4%), from €11,570 to €15,434
- Financial income -€3,508
down €3,508 (-100.0%), from €3,508 to €0
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 | €179,816 | €179,357 | -€460 | -0.3% |
| Fixed assets | 21/28 | €89,684 | €74,439 | -€15,245 | -17.0% |
| Intangible fixed assets | 21 | €87,000 | €72,500 | -€14,500 | -16.7% |
| Tangible fixed assets | 22/27 | €2,684 | €1,939 | -€745 | -27.8% |
| Plant, machinery and equipment | 23 | €1,559 | €1,061 | -€497 | -31.9% |
| Furniture and vehicles | 24 | €1,125 | €877 | -€248 | -22.0% |
| Current assets | 29/58 | €90,133 | €104,918 | +€14,785 | +16.4% |
| Amounts receivable within one year | 40/41 | €20,703 | €33,135 | +€12,432 | +60.1% |
| Trade receivables | 40 | €17,274 | €29,700 | +€12,426 | +71.9% |
| Other amounts receivable | 41 | €3,429 | €3,435 | +€6 | +0.2% |
| Cash at bank and in hand | 54/58 | €63,369 | €61,259 | -€2,110 | -3.3% |
| Deferred charges and accrued income | 490/1 | €6,061 | €10,523 | +€4,462 | +73.6% |
| Total equity and liabilities | 10/49 | €179,816 | €179,357 | -€460 | -0.3% |
| Equity | 10/15 | €114,399 | €154,817 | +€40,419 | +35.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €96,000 | €96,000 | = | 0.0% |
| Distributable reserves | 133 | €96,000 | €96,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,398 | €58,816 | +€40,419 | +220% |
| Amounts payable | 17/49 | €65,418 | €24,539 | -€40,878 | -62.5% |
| Amounts payable after more than one year | 17 | €9,880 | - | -€9,880 | |
| Financial debts | 170/4 | €9,880 | - | -€9,880 | |
| Amounts payable within one year | 42/48 | €55,538 | €24,539 | -€30,999 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €29,455 | €9,880 | -€19,575 | -66.5% |
| Trade debts | 44 | €1,856 | €465 | -€1,391 | -75.0% |
| Suppliers | 440/4 | €1,856 | €465 | -€1,391 | -75.0% |
| Taxes, remuneration and social security | 45 | €20,121 | €7,640 | -€12,481 | -62.0% |
| Taxes | 450/3 | €20,121 | €7,640 | -€12,481 | -62.0% |
| Other amounts payable | 47/48 | €4,106 | €6,555 | +€2,449 | +59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,110 | €15,245 | +€135 | +0.9% |
| Other operating charges | 640/8 | €637 | €657 | +€20 | +3.2% |
| Gross operating margin | 9900 | €68,899 | €90,177 | +€21,277 | +30.9% |
| Operating profit (loss) | 9901 | €53,152 | €74,275 | +€21,122 | +39.7% |
| Financial income | 75/76B | €3,508 | €0 | -€3,508 | -100.0% |
| Recurring financial income | 75 | €3,508 | €0 | -€3,508 | -100.0% |
| Financial charges | 65/66B | €746 | €422 | -€324 | -43.4% |
| Recurring financial charges | 65 | €746 | €422 | -€324 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €55,914 | €73,853 | +€17,939 | +32.1% |
| Income taxes | 67/77 | €11,570 | €15,434 | +€3,864 | +33.4% |
| Profit (loss) for the period | 9904 | €44,344 | €58,419 | +€14,075 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,344 | €58,419 | +€14,075 | +31.7% |
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 8 November 2026 via checked.be.