COLIN JORDAN: 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 JORDAN
Largest movements
- Cash -€13,051
down €13,051 (-56.5%), from €23,094 to €10,043
mainly Other debts (-€62,319) and Trade debts (-€9,279)
- Intangible fixed assets -€12,000
down €12,000 (-12.5%), from €96,000 to €84,000
- Receivables within one year -€4,233
down €4,233 (-10.9%), from €38,766 to €34,533
of which Trade receivables: -€3,458
- Tangible fixed assets -€2,791
down €2,791 (-23.0%), from €12,126 to €9,335
- Other debts -€62,319
down €62,319 (-62.2%), from €100,197 to €37,878
- Profit (loss) carried forward +€30,953
up €30,953 (+180%), from €17,200 to €48,152
- Trade debts -€9,279
down €9,279 (-20.1%), from €46,133 to €36,854
- Tax, wage and social debts +€8,742
up €8,742 (+616%), from €1,420 to €10,161
- Gross operating margin +€37,546
up €37,546 (+188%), from €19,965 to €57,512
- Taxes +€6,997
up €6,997 (+495%), from €1,415 to €8,411
- Other operating charges +€636
up €636 (+78.8%), from €808 to €1,445
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 | €169,986 | €138,046 | -€31,941 | -18.8% |
| Fixed assets | 21/28 | €108,126 | €93,335 | -€14,791 | -13.7% |
| Intangible fixed assets | 21 | €96,000 | €84,000 | -€12,000 | -12.5% |
| Tangible fixed assets | 22/27 | €12,126 | €9,335 | -€2,791 | -23.0% |
| Furniture and vehicles | 24 | €12,126 | €9,335 | -€2,791 | -23.0% |
| Current assets | 29/58 | €61,860 | €44,710 | -€17,150 | -27.7% |
| Amounts receivable within one year | 40/41 | €38,766 | €34,533 | -€4,233 | -10.9% |
| Trade receivables | 40 | €29,873 | €26,414 | -€3,458 | -11.6% |
| Other amounts receivable | 41 | €8,894 | €8,118 | -€775 | -8.7% |
| Cash at bank and in hand | 54/58 | €23,094 | €10,043 | -€13,051 | -56.5% |
| Deferred charges and accrued income | 490/1 | - | €135 | +€135 | |
| Total equity and liabilities | 10/49 | €169,986 | €138,046 | -€31,941 | -18.8% |
| Equity | 10/15 | €22,200 | €53,152 | +€30,953 | +139% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,200 | €48,152 | +€30,953 | +180% |
| Amounts payable | 17/49 | €147,787 | €84,893 | -€62,894 | -42.6% |
| Amounts payable within one year | 42/48 | €147,750 | €84,893 | -€62,856 | -42.5% |
| Trade debts | 44 | €46,133 | €36,854 | -€9,279 | -20.1% |
| Suppliers | 440/4 | €46,133 | €36,854 | -€9,279 | -20.1% |
| Taxes, remuneration and social security | 45 | €1,420 | €10,161 | +€8,742 | +616% |
| Taxes | 450/3 | €1,420 | €10,161 | +€8,742 | +616% |
| Other amounts payable | 47/48 | €100,197 | €37,878 | -€62,319 | -62.2% |
| Accrued charges and deferred income | 492/3 | €37 | - | -€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,135 | €16,210 | +€75 | +0.5% |
| Other operating charges | 640/8 | €808 | €1,445 | +€636 | +78.8% |
| Gross operating margin | 9900 | €19,965 | €57,512 | +€37,546 | +188% |
| Operating profit (loss) | 9901 | €3,022 | €39,857 | +€36,835 | +1,219% |
| Financial income | 75/76B | €1,196 | €938 | -€257 | -21.5% |
| Recurring financial income | 75 | €1,196 | €938 | -€257 | -21.5% |
| Financial charges | 65/66B | €825 | €598 | -€227 | -27.6% |
| Recurring financial charges | 65 | €825 | €598 | -€227 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €3,393 | €40,197 | +€36,805 | +1,085% |
| Income taxes | 67/77 | €1,415 | €8,411 | +€6,997 | +495% |
| Profit (loss) for the period | 9904 | €1,978 | €31,786 | +€29,808 | +1,507% |
| Profit (loss) for the period to be appropriated | 9905 | €1,978 | €31,786 | +€29,808 | +1,507% |
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 26 October 2026 via checked.be.