COLINEAIR: 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.
COLINEAIR
Largest movements
- Tangible fixed assets -€23,744
down €23,744 (-4.7%), from €504,999 to €481,255
of which Land and buildings: -€16,306
- Cash -€13,671
down €13,671 (-85.4%), from €16,010 to €2,339
mainly Debts after one year (-€42,682) and Tax, wage and social debts (-€23,851)
- Receivables within one year +€10,607
up €10,607 (+53.5%), from €19,839 to €30,446
of which Trade receivables: +€14,403
- Debts after one year -€42,682
down €42,682 (-19.0%), from €224,955 to €182,272
- Profit (loss) carried forward +€31,669
up €31,669 (+19.4%), from €163,644 to €195,313
- Tax, wage and social debts -€23,851
down €23,851 (-53.4%), from €44,625 to €20,775
of which Remuneration and social security: -€12,991
- Staff costs -€39,450
down €39,450 (-74.0%), from €53,327 to €13,877
- Gross operating margin -€29,469
down €29,469 (-21.6%), from €136,491 to €107,023
- Depreciation +€2,594
up €2,594 (+6.1%), from €42,180 to €44,774
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 | €548,062 | €521,681 | -€26,382 | -4.8% |
| Fixed assets | 21/28 | €505,063 | €481,319 | -€23,744 | -4.7% |
| Tangible fixed assets | 22/27 | €504,999 | €481,255 | -€23,744 | -4.7% |
| Land and buildings | 22 | €481,836 | €465,530 | -€16,306 | -3.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €23,163 | €15,725 | -€7,438 | -32.1% |
| Financial fixed assets | 28 | €64 | €64 | = | 0.0% |
| Current assets | 29/58 | €42,999 | €40,361 | -€2,638 | -6.1% |
| Stocks and contracts in progress | 3 | €5,457 | €5,457 | = | 0.0% |
| Stocks | 30/36 | €5,457 | €5,457 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,839 | €30,446 | +€10,607 | +53.5% |
| Trade receivables | 40 | €14,280 | €28,683 | +€14,403 | +101% |
| Other amounts receivable | 41 | €5,559 | €1,764 | -€3,796 | -68.3% |
| Cash at bank and in hand | 54/58 | €16,010 | €2,339 | -€13,671 | -85.4% |
| Deferred charges and accrued income | 490/1 | €1,693 | €2,119 | +€426 | +25.2% |
| Total equity and liabilities | 10/49 | €548,062 | €521,681 | -€26,382 | -4.8% |
| Equity | 10/15 | €191,704 | €223,373 | +€31,669 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,644 | €195,313 | +€31,669 | +19.4% |
| Amounts payable | 17/49 | €356,359 | €298,308 | -€58,051 | -16.3% |
| Amounts payable after more than one year | 17 | €224,955 | €182,272 | -€42,682 | -19.0% |
| Financial debts | 170/4 | €224,955 | €182,272 | -€42,682 | -19.0% |
| Amounts payable within one year | 42/48 | €131,331 | €114,630 | -€16,701 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €41,789 | €42,682 | +€893 | +2.1% |
| Financial debts | 43 | €0 | €652 | +€652 | |
| Credit institutions | 430/8 | €0 | €652 | +€652 | |
| Trade debts | 44 | €4,457 | €4,885 | +€428 | +9.6% |
| Suppliers | 440/4 | €4,457 | €4,885 | +€428 | +9.6% |
| Taxes, remuneration and social security | 45 | €44,625 | €20,775 | -€23,851 | -53.4% |
| Taxes | 450/3 | €20,811 | €9,951 | -€10,860 | -52.2% |
| Remuneration and social security | 454/9 | €23,814 | €10,823 | -€12,991 | -54.6% |
| Other amounts payable | 47/48 | €40,459 | €45,635 | +€5,176 | +12.8% |
| Accrued charges and deferred income | 492/3 | €74 | €1,406 | +€1,332 | +1,811% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €53,327 | €13,877 | -€39,450 | -74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,180 | €44,774 | +€2,594 | +6.1% |
| Other operating charges | 640/8 | €2,595 | €1,264 | -€1,331 | -51.3% |
| Gross operating margin | 9900 | €136,491 | €107,023 | -€29,469 | -21.6% |
| Operating profit (loss) | 9901 | €38,389 | €47,107 | +€8,719 | +22.7% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €6,942 | €6,254 | -€688 | -9.9% |
| Recurring financial charges | 65 | €6,942 | €6,254 | -€688 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €31,446 | €40,856 | +€9,410 | +29.9% |
| Income taxes | 67/77 | €10,277 | €9,186 | -€1,091 | -10.6% |
| Profit (loss) for the period | 9904 | €21,169 | €31,669 | +€10,500 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,169 | €31,669 | +€10,500 | +49.6% |
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 18 October 2026 via checked.be.