COLDE: 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.
COLDE
Largest movements
- Stocks and contracts +€627,220
up €627,220 (+17.4%), from €3.6m to €4.2m
- Cash -€192,986
down €192,986 (-70.9%), from €272,383 to €79,397
mainly Stocks and contracts (-€627,220) and Short-term financial debts (-€246,610)
- Accrued charges and deferred income +€674,826
up €674,826 (+29.5%), from €2.3m to €3.0m
- Short-term financial debts -€246,610
down €246,610 (-16.0%), from €1.5m to €1.3m
- Financial charges +€4,344
up €4,344 (+151.4%), from €2,869 to €7,213
- Gross operating margin +€2,722
up €2,722 (+49.2%), from €5,529 to €8,251
- Financial income -€1,376
down €1,376 (-40.0%), from €3,443 to €2,068
- Other operating charges +€457
up €457 (+8.1%), from €5,617 to €6,074
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 | €4,197,820 | €4,602,884 | +€405,064 | +9.6% |
| Fixed assets | 21/28 | €228,343 | €219,072 | -€9,271 | -4.1% |
| Tangible fixed assets | 22/27 | €228,343 | €219,072 | -€9,271 | -4.1% |
| Land and buildings | 22 | €228,343 | €219,072 | -€9,271 | -4.1% |
| Current assets | 29/58 | €3,969,477 | €4,383,812 | +€414,335 | +10.4% |
| Stocks and contracts in progress | 3 | €3,604,262 | €4,231,483 | +€627,220 | +17.4% |
| Stocks | 30/36 | €3,604,262 | €4,231,483 | +€627,220 | +17.4% |
| Amounts receivable within one year | 40/41 | €92,832 | €72,933 | -€19,899 | -21.4% |
| Trade receivables | 40 | €31,184 | €15,636 | -€15,548 | -49.9% |
| Other amounts receivable | 41 | €61,647 | €57,296 | -€4,351 | -7.1% |
| Cash at bank and in hand | 54/58 | €272,383 | €79,397 | -€192,986 | -70.9% |
| Total equity and liabilities | 10/49 | €4,197,820 | €4,602,884 | +€405,064 | +9.6% |
| Equity | 10/15 | €356,147 | €343,907 | -€12,240 | -3.4% |
| Contributions | 10/11 | €99,000 | €99,000 | = | 0.0% |
| Capital | 10 | €99,000 | €99,000 | = | 0.0% |
| Issued capital | 100 | €99,000 | €99,000 | = | 0.0% |
| Reserves | 13 | €255,381 | €255,381 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,900 | €9,900 | = | 0.0% |
| Legal reserve | 130 | €9,900 | €9,900 | = | 0.0% |
| Distributable reserves | 133 | €245,481 | €245,481 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,766 | -€10,474 | -€12,240 | |
| Amounts payable | 17/49 | €3,841,673 | €4,258,976 | +€417,304 | +10.9% |
| Amounts payable within one year | 42/48 | €1,552,639 | €1,295,117 | -€257,522 | -16.6% |
| Financial debts | 43 | €1,540,827 | €1,294,217 | -€246,610 | -16.0% |
| Credit institutions | 430/8 | €1,540,827 | €1,294,217 | -€246,610 | -16.0% |
| Trade debts | 44 | €11,812 | €900 | -€10,912 | -92.4% |
| Suppliers | 440/4 | €11,812 | €900 | -€10,912 | -92.4% |
| Accrued charges and deferred income | 492/3 | €2,289,033 | €2,963,859 | +€674,826 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,271 | €9,271 | = | 0.0% |
| Other operating charges | 640/8 | €5,617 | €6,074 | +€457 | +8.1% |
| Gross operating margin | 9900 | €5,529 | €8,251 | +€2,722 | +49.2% |
| Operating profit (loss) | 9901 | -€9,359 | -€7,094 | +€2,265 | +24.2% |
| Financial income | 75/76B | €3,443 | €2,068 | -€1,376 | -40.0% |
| Recurring financial income | 75 | €3,443 | €2,068 | -€1,376 | -40.0% |
| Financial charges | 65/66B | €2,869 | €7,213 | +€4,344 | +151.4% |
| Recurring financial charges | 65 | €2,869 | €7,213 | +€4,344 | +151.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,785 | -€12,240 | -€3,455 | -39.3% |
| Profit (loss) for the period | 9904 | -€8,785 | -€12,240 | -€3,455 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,785 | -€12,240 | -€3,455 | -39.3% |
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.