Colfinac: 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.
Colfinac
Largest movements
- Cash -€69,365
down €69,365 (-20.1%), from €345,141 to €275,776
mainly Tax, wage and social debts (-€86,884) and Investment in fixed assets (net) (-€4,115)
- Receivables within one year -€10,108
down €10,108 (-99.8%), from €10,124 to €16
of which Trade receivables: -€10,124
- Tax, wage and social debts -€86,884
down €86,884 (-83.0%), from €104,682 to €17,798
- Other debts +€5,264
up €5,264 (+24.6%), from €21,435 to €26,699
- Trade debts +€4,045
up €4,045 (+1298.8%), from €311 to €4,357
- Gross operating margin -€51,056
down €51,056 (-91.8%), from €55,614 to €4,558
- Taxes -€14,576
down €14,576 (-92.2%), from €15,815 to €1,239
- Financial charges -€1,193
down €1,193 (-88.8%), from €1,343 to €150
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 | €358,553 | €281,317 | -€77,236 | -21.5% |
| Fixed assets | 21/28 | €2,823 | €5,393 | +€2,570 | +91.0% |
| Tangible fixed assets | 22/27 | €2,823 | €5,393 | +€2,570 | +91.0% |
| Furniture and vehicles | 24 | €2,487 | €5,214 | +€2,727 | +109.6% |
| Other tangible fixed assets | 26 | €336 | €179 | -€157 | -46.8% |
| Current assets | 29/58 | €355,730 | €275,924 | -€79,806 | -22.4% |
| Amounts receivable within one year | 40/41 | €10,124 | €16 | -€10,108 | -99.8% |
| Trade receivables | 40 | €10,124 | €0 | -€10,124 | -100.0% |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €345,141 | €275,776 | -€69,365 | -20.1% |
| Deferred charges and accrued income | 490/1 | €465 | €132 | -€333 | -71.6% |
| Total equity and liabilities | 10/49 | €358,553 | €281,317 | -€77,236 | -21.5% |
| Equity | 10/15 | €230,061 | €230,689 | +€628 | +0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €225,061 | €225,689 | +€628 | +0.3% |
| Distributable reserves | 133 | €225,061 | €225,689 | +€628 | +0.3% |
| Amounts payable | 17/49 | €128,492 | €50,628 | -€77,864 | -60.6% |
| Amounts payable within one year | 42/48 | €126,836 | €48,972 | -€77,864 | -61.4% |
| Financial debts | 43 | €408 | €119 | -€289 | -70.7% |
| Credit institutions | 430/8 | €408 | €119 | -€289 | -70.7% |
| Trade debts | 44 | €311 | €4,357 | +€4,045 | +1298.8% |
| Suppliers | 440/4 | €311 | €4,357 | +€4,045 | +1298.8% |
| Taxes, remuneration and social security | 45 | €104,682 | €17,798 | -€86,884 | -83.0% |
| Taxes | 450/3 | €104,682 | €17,798 | -€86,884 | -83.0% |
| Other amounts payable | 47/48 | €21,435 | €26,699 | +€5,264 | +24.6% |
| Accrued charges and deferred income | 492/3 | €1,655 | €1,655 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,165 | €1,545 | +€380 | +32.6% |
| Other operating charges | 640/8 | €558 | €573 | +€14 | +2.6% |
| Non-recurring operating charges | 66A | €777 | €424 | -€353 | -45.5% |
| Gross operating margin | 9900 | €55,614 | €4,558 | -€51,056 | -91.8% |
| Operating profit (loss) | 9901 | €53,114 | €2,016 | -€51,097 | -96.2% |
| Financial income | 75/76B | €20 | €1 | -€19 | -97.3% |
| Recurring financial income | 75 | €20 | €1 | -€19 | -97.3% |
| Financial charges | 65/66B | €1,343 | €150 | -€1,193 | -88.8% |
| Recurring financial charges | 65 | €1,343 | €150 | -€1,193 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €51,790 | €1,867 | -€49,924 | -96.4% |
| Income taxes | 67/77 | €15,815 | €1,239 | -€14,576 | -92.2% |
| Profit (loss) for the period | 9904 | €35,975 | €628 | -€35,348 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,975 | €628 | -€35,348 | -98.3% |
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 9 October 2026 via checked.be.