COLENIS: 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.
COLENIS
Largest movements
- Tangible fixed assets +€1.9m
up €1.9m (+1,151%), from €168,356 to €2.1m
of which Land and buildings: +€1.9m
- Stocks and contracts +€682,830
up €682,830 (+54.4%), from €1.3m to €1.9m
- Receivables within one year +€255,844
up €255,844 (+68.1%), from €375,829 to €631,673
of which Trade receivables: +€163,098
- Cash -€252,739
no longer reported in 2025 (was €252,739)
mainly Investment in fixed assets (net) (-€2.2m) and Stocks and contracts (-€682,830)
- Debts after one year +€1.5m
up €1.5m (+450%), from €340,085 to €1.9m
- Trade debts +€996,410
up €996,410 (+117%), from €853,828 to €1.9m
- Current portion of long-term debt +€89,018
up €89,018 (+94.0%), from €94,683 to €183,702
- Tax, wage and social debts -€81,607
down €81,607 (-31.7%), from €257,577 to €175,970
of which Taxes: -€88,355
- Profit (loss) carried forward +€60,266
up €60,266 (+12.3%), from €490,313 to €550,579
- Depreciation +€274,538
up €274,538 (+4,043%), from €6,791 to €281,329
- Gross operating margin +€171,228
up €171,228 (+41.0%), from €417,458 to €588,686
- Taxes -€69,701
down €69,701 (-71.6%), from €97,379 to €27,678
- Financial charges +€54,474
up €54,474 (+424%), from €12,848 to €67,322
- Staff costs +€16,812
new in 2025: €16,812
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
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 | €2,066,486 | €4,700,182 | +€2.6m | +127% |
| Fixed assets | 21/28 | €181,668 | €2,129,429 | +€1.9m | +1,072% |
| Tangible fixed assets | 22/27 | €168,356 | €2,106,472 | +€1.9m | +1,151% |
| Land and buildings | 22 | - | €1,918,940 | +€1.9m | |
| Plant, machinery and equipment | 23 | €6,443 | €18,138 | +€11,695 | +182% |
| Furniture and vehicles | 24 | €161,913 | €161,627 | -€286 | -0.2% |
| Other tangible fixed assets | 26 | - | €7,767 | +€7,767 | |
| Financial fixed assets | 28 | €13,313 | €22,957 | +€9,644 | +72.4% |
| Current assets | 29/58 | €1,884,818 | €2,570,753 | +€685,935 | +36.4% |
| Stocks and contracts in progress | 3 | €1,256,250 | €1,939,080 | +€682,830 | +54.4% |
| Stocks | 30/36 | €1,256,250 | €1,939,080 | +€682,830 | +54.4% |
| Amounts receivable within one year | 40/41 | €375,829 | €631,673 | +€255,844 | +68.1% |
| Trade receivables | 40 | €257,324 | €420,422 | +€163,098 | +63.4% |
| Other amounts receivable | 41 | €118,504 | €211,251 | +€92,747 | +78.3% |
| Cash at bank and in hand | 54/58 | €252,739 | - | -€252,739 | |
| Total equity and liabilities | 10/49 | €2,066,486 | €4,700,182 | +€2.6m | +127% |
| Equity | 10/15 | €500,313 | €560,579 | +€60,266 | +12.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €490,313 | €550,579 | +€60,266 | +12.3% |
| Amounts payable | 17/49 | €1,566,173 | €4,139,603 | +€2.6m | +164% |
| Amounts payable after more than one year | 17 | €340,085 | €1,869,493 | +€1.5m | +450% |
| Financial debts | 170/4 | €340,085 | €1,869,493 | +€1.5m | +450% |
| Amounts payable within one year | 42/48 | €1,226,088 | €2,270,109 | +€1.0m | +85.2% |
| Current portion of amounts payable after more than one year | 42 | €94,683 | €183,702 | +€89,018 | +94.0% |
| Financial debts | 43 | - | €36,013 | +€36,013 | |
| Credit institutions | 430/8 | - | €36,013 | +€36,013 | |
| Trade debts | 44 | €853,828 | €1,850,238 | +€996,410 | +117% |
| Suppliers | 440/4 | €853,828 | €1,850,238 | +€996,410 | +117% |
| Advances received on contracts in progress | 46 | €20,000 | €24,186 | +€4,186 | +20.9% |
| Taxes, remuneration and social security | 45 | €257,577 | €175,970 | -€81,607 | -31.7% |
| Taxes | 450/3 | €257,577 | €169,222 | -€88,355 | -34.3% |
| Remuneration and social security | 454/9 | - | €6,748 | +€6,748 | |
| Remuneration, social security and pensions | 62 | - | €16,812 | +€16,812 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,791 | €281,329 | +€274,538 | +4,043% |
| Other operating charges | 640/8 | €1,672 | €6,777 | +€5,104 | +305% |
| Non-recurring operating charges | 66A | €12,266 | €131,535 | +€119,269 | +972% |
| Gross operating margin | 9900 | €417,458 | €588,686 | +€171,228 | +41.0% |
| Operating profit (loss) | 9901 | €396,729 | €152,234 | -€244,495 | -61.6% |
| Financial income | 75/76B | €324 | €3,032 | +€2,708 | +836% |
| Recurring financial income | 75 | €324 | €3,032 | +€2,708 | +836% |
| Financial charges | 65/66B | €12,848 | €67,322 | +€54,474 | +424% |
| Recurring financial charges | 65 | €12,848 | €67,322 | +€54,474 | +424% |
| Profit (loss) for the period before taxes | 9903 | €384,206 | €87,944 | -€296,262 | -77.1% |
| Income taxes | 67/77 | €97,379 | €27,678 | -€69,701 | -71.6% |
| Profit (loss) for the period | 9904 | €286,827 | €60,266 | -€226,561 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €286,827 | €60,266 | -€226,561 | -79.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.