COLARIM: 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.
COLARIM
Largest movements
- Tangible fixed assets +€85,181
up €85,181 (+446.0%), from €19,097 to €104,277
of which Other tangible fixed assets: +€73,907
- Cash +€32,381
up €32,381 (+67.9%), from €47,706 to €80,087
mainly Net result for the year (+€81,883) and Debts after one year (+€63,787)
- Receivables within one year +€7,444
up €7,444 (+21.0%), from €35,482 to €42,926
of which Trade receivables: +€9,670
- Stocks and contracts -€4,457
down €4,457 (-8.5%), from €52,187 to €47,730
- Deferred charges and accrued income +€3,760
up €3,760 (+72.7%), from €5,176 to €8,936
- Profit (loss) carried forward +€81,883
up €81,883, from €0 to €81,883
- Debts after one year +€63,787
new in 2025: €63,787
- Other debts -€48,989
down €48,989 (-43.6%), from €112,289 to €63,299
- Current portion of long-term debt +€17,801
new in 2025: €17,801
- Tax, wage and social debts +€13,579
up €13,579 (+71.3%), from €19,043 to €32,622
- Gross operating margin +€62,079
up €62,079 (+103.8%), from €59,827 to €121,906
- Taxes +€11,236
up €11,236 (+87.0%), from €12,919 to €24,155
- Depreciation +€3,276
up €3,276 (+62.1%), from €5,274 to €8,549
- Write-downs +€2,868
up €2,868, from -€2,050 to €818
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 | €160,018 | €284,326 | +€124,308 | +77.7% |
| Fixed assets | 21/28 | €19,467 | €104,647 | +€85,181 | +437.6% |
| Tangible fixed assets | 22/27 | €19,097 | €104,277 | +€85,181 | +446.0% |
| Plant, machinery and equipment | 23 | - | €4,439 | +€4,439 | |
| Furniture and vehicles | 24 | €1,674 | €8,508 | +€6,835 | +408.3% |
| Other tangible fixed assets | 26 | €17,423 | €91,330 | +€73,907 | +424.2% |
| Financial fixed assets | 28 | €370 | €370 | = | 0.0% |
| Current assets | 29/58 | €140,551 | €179,679 | +€39,128 | +27.8% |
| Stocks and contracts in progress | 3 | €52,187 | €47,730 | -€4,457 | -8.5% |
| Stocks | 30/36 | €52,187 | €47,730 | -€4,457 | -8.5% |
| Amounts receivable within one year | 40/41 | €35,482 | €42,926 | +€7,444 | +21.0% |
| Trade receivables | 40 | €31,175 | €40,845 | +€9,670 | +31.0% |
| Other amounts receivable | 41 | €4,308 | €2,081 | -€2,227 | -51.7% |
| Cash at bank and in hand | 54/58 | €47,706 | €80,087 | +€32,381 | +67.9% |
| Deferred charges and accrued income | 490/1 | €5,176 | €8,936 | +€3,760 | +72.7% |
| Total equity and liabilities | 10/49 | €160,018 | €284,326 | +€124,308 | +77.7% |
| Equity | 10/15 | €20,405 | €102,288 | +€81,883 | +401.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €81,883 | +€81,883 | |
| Amounts payable | 17/49 | €139,613 | €182,038 | +€42,425 | +30.4% |
| Amounts payable after more than one year | 17 | - | €63,787 | +€63,787 | |
| Financial debts | 170/4 | - | €63,787 | +€63,787 | |
| Amounts payable within one year | 42/48 | €137,514 | €115,730 | -€21,784 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | - | €17,801 | +€17,801 | |
| Trade debts | 44 | €6,182 | €2,008 | -€4,174 | -67.5% |
| Suppliers | 440/4 | €6,182 | €2,008 | -€4,174 | -67.5% |
| Taxes, remuneration and social security | 45 | €19,043 | €32,622 | +€13,579 | +71.3% |
| Taxes | 450/3 | €19,043 | €32,622 | +€13,579 | +71.3% |
| Other amounts payable | 47/48 | €112,289 | €63,299 | -€48,989 | -43.6% |
| Accrued charges and deferred income | 492/3 | €2,099 | €2,521 | +€422 | +20.1% |
| Remuneration, social security and pensions | 62 | €0 | €23 | +€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,274 | €8,549 | +€3,276 | +62.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,050 | €818 | +€2,868 | |
| Other operating charges | 640/8 | €2,903 | €2,257 | -€646 | -22.2% |
| Gross operating margin | 9900 | €59,827 | €121,906 | +€62,079 | +103.8% |
| Operating profit (loss) | 9901 | €53,700 | €110,258 | +€56,559 | +105.3% |
| Financial income | 75/76B | €1,021 | €1,373 | +€352 | +34.5% |
| Recurring financial income | 75 | €1,021 | €1,373 | +€352 | +34.5% |
| Financial charges | 65/66B | €4,496 | €5,593 | +€1,097 | +24.4% |
| Recurring financial charges | 65 | €4,496 | €5,593 | +€1,097 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €50,225 | €106,039 | +€55,814 | +111.1% |
| Income taxes | 67/77 | €12,919 | €24,155 | +€11,236 | +87.0% |
| Profit (loss) for the period | 9904 | €37,305 | €81,883 | +€44,578 | +119.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,305 | €81,883 | +€44,578 | +119.5% |
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 3 October 2026 via checked.be.