COLIN: 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.
COLIN
Largest movements
- Stocks and contracts -€4,471
down €4,471 (-11.5%), from €38,910 to €34,440
- Receivables within one year +€4,099
up €4,099 (+113%), from €3,639 to €7,738
of which Other amounts receivable: +€4,339
- Cash +€1,434
up €1,434 (+74.4%), from €1,926 to €3,360
mainly Stocks and contracts (+€4,471) and Net result for the year (+€1,132)
- Reserves +€1,132
up €1,132 (+12.0%), from €9,399 to €10,531
- Tax, wage and social debts -€938
down €938 (-15.4%), from €6,083 to €5,145
- Trade debts +€640
up €640 (+3.7%), from €17,493 to €18,134
- Gross operating margin -€1,145
down €1,145 (-25.5%), from €4,485 to €3,340
- Other operating charges +€543
up €543 (+431%), from €126 to €669
- Taxes -€453
down €453 (-41.0%), from €1,104 to €651
- Depreciation -€151
down €151 (-39.6%), from €381 to €230
- Financial income +€93
up €93 (+2,782%), from €3 to €96
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 | €45,375 | €46,209 | +€834 | +1.8% |
| Fixed assets | 21/28 | €701 | €471 | -€230 | -32.8% |
| Tangible fixed assets | 22/27 | €230 | €0 | -€230 | -100% |
| Furniture and vehicles | 24 | €230 | €0 | -€230 | -100% |
| Financial fixed assets | 28 | €471 | €471 | = | 0.0% |
| Current assets | 29/58 | €44,674 | €45,738 | +€1,064 | +2.4% |
| Stocks and contracts in progress | 3 | €38,910 | €34,440 | -€4,471 | -11.5% |
| Stocks | 30/36 | €38,910 | €34,440 | -€4,471 | -11.5% |
| Amounts receivable within one year | 40/41 | €3,639 | €7,738 | +€4,099 | +113% |
| Trade receivables | 40 | €240 | €0 | -€240 | -100% |
| Other amounts receivable | 41 | €3,399 | €7,738 | +€4,339 | +128% |
| Cash at bank and in hand | 54/58 | €1,926 | €3,360 | +€1,434 | +74.4% |
| Deferred charges and accrued income | 490/1 | €198 | €201 | +€2 | +1.2% |
| Total equity and liabilities | 10/49 | €45,375 | €46,209 | +€834 | +1.8% |
| Equity | 10/15 | €21,799 | €22,931 | +€1,132 | +5.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,399 | €10,531 | +€1,132 | +12.0% |
| Distributable reserves | 133 | €9,399 | €10,531 | +€1,132 | +12.0% |
| Amounts payable | 17/49 | €23,576 | €23,279 | -€298 | -1.3% |
| Amounts payable within one year | 42/48 | €23,576 | €23,279 | -€298 | -1.3% |
| Trade debts | 44 | €17,493 | €18,134 | +€640 | +3.7% |
| Suppliers | 440/4 | €17,493 | €18,134 | +€640 | +3.7% |
| Taxes, remuneration and social security | 45 | €6,083 | €5,145 | -€938 | -15.4% |
| Taxes | 450/3 | €6,083 | €5,145 | -€938 | -15.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381 | €230 | -€151 | -39.6% |
| Other operating charges | 640/8 | €126 | €669 | +€543 | +431% |
| Gross operating margin | 9900 | €4,485 | €3,340 | -€1,145 | -25.5% |
| Operating profit (loss) | 9901 | €3,978 | €2,441 | -€1,537 | -38.6% |
| Financial income | 75/76B | €3 | €96 | +€93 | +2,782% |
| Recurring financial income | 75 | €3 | €96 | +€93 | +2,782% |
| Financial charges | 65/66B | €708 | €754 | +€46 | +6.5% |
| Recurring financial charges | 65 | €708 | €754 | +€46 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €3,273 | €1,783 | -€1,490 | -45.5% |
| Income taxes | 67/77 | €1,104 | €651 | -€453 | -41.0% |
| Profit (loss) for the period | 9904 | €2,169 | €1,132 | -€1,037 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,169 | €1,132 | -€1,037 | -47.8% |
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 17 October 2026 via checked.be.