Colfes: 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.
Colfes
Largest movements
- Receivables within one year +€7,321
up €7,321 (+292%), from €2,508 to €9,829
of which Trade receivables: +€5,298
- Cash -€2,452
down €2,452 (-13.1%), from €18,745 to €16,293
mainly Tax, wage and social debts (-€10,181) and Receivables within one year (-€7,321)
- Tangible fixed assets -€1,374
down €1,374 (-33.1%), from €4,149 to €2,775
- Deferred charges and accrued income +€432
up €432 (+511%), from €84 to €516
- Formation expenses -€427
down €427 (-55.9%), from €764 to €337
- Tax, wage and social debts -€10,181
no longer reported in 2025 (was €10,181)
- Profit (loss) carried forward +€8,647
up €8,647 (+239%), from €3,618 to €12,265
- Other debts +€4,722
up €4,722 (+66.2%), from €7,138 to €11,861
- Trade debts +€436
up €436 (+172%), from €253 to €689
- Gross operating margin +€30,867
up €30,867, from -€18,343 to €12,524
- Depreciation -€466
down €466 (-20.6%), from €2,267 to €1,801
- Other operating charges +€191
up €191 (+107%), from €179 to €370
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 | €26,250 | €29,749 | +€3,499 | +13.3% |
| Formation expenses | 20 | €764 | €337 | -€427 | -55.9% |
| Fixed assets | 21/28 | €4,149 | €2,775 | -€1,374 | -33.1% |
| Tangible fixed assets | 22/27 | €4,149 | €2,775 | -€1,374 | -33.1% |
| Furniture and vehicles | 24 | €4,149 | €2,775 | -€1,374 | -33.1% |
| Current assets | 29/58 | €21,337 | €26,638 | +€5,300 | +24.8% |
| Amounts receivable within one year | 40/41 | €2,508 | €9,829 | +€7,321 | +292% |
| Trade receivables | 40 | €181 | €5,479 | +€5,298 | +2,928% |
| Other amounts receivable | 41 | €2,327 | €4,349 | +€2,022 | +86.9% |
| Cash at bank and in hand | 54/58 | €18,745 | €16,293 | -€2,452 | -13.1% |
| Deferred charges and accrued income | 490/1 | €84 | €516 | +€432 | +511% |
| Total equity and liabilities | 10/49 | €26,250 | €29,749 | +€3,499 | +13.3% |
| Equity | 10/15 | €6,118 | €14,765 | +€8,647 | +141% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,618 | €12,265 | +€8,647 | +239% |
| Amounts payable | 17/49 | €20,132 | €14,985 | -€5,148 | -25.6% |
| Amounts payable within one year | 42/48 | €17,572 | €12,549 | -€5,023 | -28.6% |
| Trade debts | 44 | €253 | €689 | +€436 | +172% |
| Suppliers | 440/4 | €253 | €689 | +€436 | +172% |
| Taxes, remuneration and social security | 45 | €10,181 | - | -€10,181 | |
| Taxes | 450/3 | €10,181 | - | -€10,181 | |
| Other amounts payable | 47/48 | €7,138 | €11,861 | +€4,722 | +66.2% |
| Accrued charges and deferred income | 492/3 | €2,560 | €2,435 | -€125 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,267 | €1,801 | -€466 | -20.6% |
| Other operating charges | 640/8 | €179 | €370 | +€191 | +107% |
| Gross operating margin | 9900 | -€18,343 | €12,524 | +€30,867 | |
| Operating profit (loss) | 9901 | -€20,789 | €10,353 | +€31,143 | |
| Financial income | 75/76B | €121 | - | -€121 | |
| Recurring financial income | 75 | €121 | - | -€121 | |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,712 | €10,313 | +€31,024 | |
| Profit (loss) for the period | 9904 | -€20,712 | €10,313 | +€31,024 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,712 | €10,313 | +€31,024 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.