Coline & Co: 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.
Coline & Co
Largest movements
- Tangible fixed assets -€43,141
down €43,141 (-9.0%), from €478,369 to €435,228
of which Plant, machinery and equipment: -€26,325
- Receivables within one year -€17,163
down €17,163 (-60.2%), from €28,517 to €11,354
of which Trade receivables: -€15,282
- Cash -€12,860
down €12,860 (-50.1%), from €25,664 to €12,804
mainly Debts after one year (-€41,729) and Trade debts (-€22,066)
- Debts after one year -€41,729
down €41,729 (-8.8%), from €474,055 to €432,326
- Trade debts -€22,066
down €22,066 (-88.8%), from €24,840 to €2,774
- Profit (loss) carried forward -€8,843
down €8,843 (-102%), from -€8,662 to -€17,505
- Gross operating margin -€4,940
down €4,940 (-9.4%), from €52,832 to €47,892
- Depreciation -€622
down €622 (-1.4%), from €45,968 to €45,345
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 | €535,632 | €459,786 | -€75,847 | -14.2% |
| Fixed assets | 21/28 | €480,973 | €435,628 | -€45,345 | -9.4% |
| Intangible fixed assets | 21 | €2,204 | €0 | -€2,204 | -100% |
| Tangible fixed assets | 22/27 | €478,369 | €435,228 | -€43,141 | -9.0% |
| Land and buildings | 22 | €272,312 | €257,042 | -€15,270 | -5.6% |
| Plant, machinery and equipment | 23 | €200,395 | €174,069 | -€26,325 | -13.1% |
| Furniture and vehicles | 24 | €5,662 | €4,116 | -€1,546 | -27.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €54,659 | €24,157 | -€30,502 | -55.8% |
| Amounts receivable within one year | 40/41 | €28,517 | €11,354 | -€17,163 | -60.2% |
| Trade receivables | 40 | €22,500 | €7,218 | -€15,282 | -67.9% |
| Other amounts receivable | 41 | €6,017 | €4,136 | -€1,881 | -31.3% |
| Cash at bank and in hand | 54/58 | €25,664 | €12,804 | -€12,860 | -50.1% |
| Deferred charges and accrued income | 490/1 | €478 | €0 | -€478 | -100% |
| Total equity and liabilities | 10/49 | €535,632 | €459,786 | -€75,847 | -14.2% |
| Equity | 10/15 | -€2,462 | -€11,305 | -€8,843 | -359% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€8,662 | -€17,505 | -€8,843 | -102% |
| Amounts payable | 17/49 | €538,094 | €471,090 | -€67,004 | -12.5% |
| Amounts payable after more than one year | 17 | €474,055 | €432,326 | -€41,729 | -8.8% |
| Financial debts | 170/4 | €474,055 | €432,326 | -€41,729 | -8.8% |
| Amounts payable within one year | 42/48 | €64,039 | €38,765 | -€25,275 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €37,856 | €33,706 | -€4,150 | -11.0% |
| Trade debts | 44 | €24,840 | €2,774 | -€22,066 | -88.8% |
| Suppliers | 440/4 | €24,840 | €2,774 | -€22,066 | -88.8% |
| Taxes, remuneration and social security | 45 | €1,343 | €1,602 | +€259 | +19.3% |
| Taxes | 450/3 | €1,343 | €1,602 | +€259 | +19.3% |
| Other amounts payable | 47/48 | €0 | €682 | +€682 | |
| Non-recurring operating income | 76A | €23,892 | €0 | -€23,892 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,968 | €45,345 | -€622 | -1.4% |
| Other operating charges | 640/8 | €1,725 | €1,827 | +€102 | +5.9% |
| Non-recurring operating charges | 66A | €3,414 | €0 | -€3,414 | -100% |
| Gross operating margin | 9900 | €52,832 | €47,892 | -€4,940 | -9.4% |
| Operating profit (loss) | 9901 | €1,725 | €719 | -€1,005 | -58.3% |
| Financial charges | 65/66B | €9,112 | €9,562 | +€450 | +4.9% |
| Recurring financial charges | 65 | €9,112 | €9,562 | +€450 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,387 | -€8,843 | -€1,456 | -19.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€7,387 | -€8,843 | -€1,456 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,387 | -€8,843 | -€1,456 | -19.7% |
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 23 October 2026 via checked.be.