COLENBIER: 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.
COLENBIER
Largest movements
- Cash +€38,364
up €38,364 (+30.2%), from €126,844 to €165,208
mainly Net result for the year (+€58,135) and Other debts (+€38,437)
- Receivables within one year -€21,072
down €21,072 (-39.8%), from €52,913 to €31,841
of which Trade receivables: -€20,672
- Current investments +€11,852
up €11,852 (+5.7%), from €208,889 to €220,741
- Stocks and contracts -€10,429
down €10,429 (-26.8%), from €38,929 to €28,500
- Other debts +€38,437
up €38,437 (+129.5%), from €29,673 to €68,110
- Reserves -€16,616
down €16,616 (-6.6%), from €253,265 to €236,649
of which Distributable reserves: -€16,616
- Tax, wage and social debts -€5,669
down €5,669 (-33.0%), from €17,192 to €11,523
of which Taxes: -€8,393
- Gross operating margin +€92,166
up €92,166, from -€9,453 to €82,713
- Taxes +€23,666
up €23,666 (+4641.5%), from €510 to €24,176
- Other operating charges -€4,764
down €4,764 (-73.8%), from €6,457 to €1,693
- Staff costs -€3,904
down €3,904 (-100.0%), from €3,904 to €0
- Financial income -€1,330
down €1,330 (-26.5%), from €5,019 to €3,689
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 | €443,590 | €460,454 | +€16,864 | +3.8% |
| Fixed assets | 21/28 | €7,926 | €6,858 | -€1,068 | -13.5% |
| Tangible fixed assets | 22/27 | €5,423 | €4,355 | -€1,068 | -19.7% |
| Plant, machinery and equipment | 23 | €2,861 | €2,647 | -€214 | -7.5% |
| Other tangible fixed assets | 26 | €2,563 | €1,709 | -€854 | -33.3% |
| Financial fixed assets | 28 | €2,502 | €2,502 | = | 0.0% |
| Current assets | 29/58 | €435,664 | €453,597 | +€17,932 | +4.1% |
| Stocks and contracts in progress | 3 | €38,929 | €28,500 | -€10,429 | -26.8% |
| Stocks | 30/36 | €38,929 | €28,500 | -€10,429 | -26.8% |
| Amounts receivable within one year | 40/41 | €52,913 | €31,841 | -€21,072 | -39.8% |
| Trade receivables | 40 | €52,113 | €31,441 | -€20,672 | -39.7% |
| Other amounts receivable | 41 | €800 | €400 | -€400 | -50.0% |
| Current investments | 50/53 | €208,889 | €220,741 | +€11,852 | +5.7% |
| Cash at bank and in hand | 54/58 | €126,844 | €165,208 | +€38,364 | +30.2% |
| Deferred charges and accrued income | 490/1 | €8,090 | €7,307 | -€783 | -9.7% |
| Total equity and liabilities | 10/49 | €443,590 | €460,454 | +€16,864 | +3.8% |
| Equity | 10/15 | €392,965 | €376,349 | -€16,616 | -4.2% |
| Contributions | 10/11 | €63,803 | €63,803 | = | 0.0% |
| Reserves | 13 | €253,265 | €236,649 | -€16,616 | -6.6% |
| Tax-exempt reserves | 132 | €8,887 | €8,887 | = | 0.0% |
| Distributable reserves | 133 | €244,378 | €227,763 | -€16,616 | -6.8% |
| Profit (loss) carried forward | 14 | €75,897 | €75,897 | = | 0.0% |
| Amounts payable | 17/49 | €50,625 | €84,105 | +€33,480 | +66.1% |
| Amounts payable within one year | 42/48 | €49,310 | €82,905 | +€33,595 | +68.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,445 | €3,272 | +€827 | +33.8% |
| Suppliers | 440/4 | €2,445 | €3,272 | +€827 | +33.8% |
| Taxes, remuneration and social security | 45 | €17,192 | €11,523 | -€5,669 | -33.0% |
| Taxes | 450/3 | €16,316 | €7,923 | -€8,393 | -51.4% |
| Remuneration and social security | 454/9 | €876 | €3,600 | +€2,724 | +311.1% |
| Other amounts payable | 47/48 | €29,673 | €68,110 | +€38,437 | +129.5% |
| Accrued charges and deferred income | 492/3 | €1,315 | €1,200 | -€115 | -8.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €3,904 | €0 | -€3,904 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,649 | €2,039 | -€610 | -23.0% |
| Other operating charges | 640/8 | €6,457 | €1,693 | -€4,764 | -73.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€9,453 | €82,713 | +€92,166 | |
| Operating profit (loss) | 9901 | -€22,463 | €78,981 | +€101,444 | |
| Financial income | 75/76B | €5,019 | €3,689 | -€1,330 | -26.5% |
| Recurring financial income | 75 | €5,019 | €3,689 | -€1,330 | -26.5% |
| Financial charges | 65/66B | €371 | €359 | -€12 | -3.3% |
| Recurring financial charges | 65 | €371 | €359 | -€12 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,815 | €82,311 | +€100,126 | |
| Income taxes | 67/77 | €510 | €24,176 | +€23,666 | +4641.5% |
| Profit (loss) for the period | 9904 | -€18,325 | €58,135 | +€76,460 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,325 | €58,135 | +€76,460 |
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.