COLINET: 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.
COLINET
Largest movements
- Tangible fixed assets -€105,825
down €105,825 (-6.6%), from €1.6m to €1.5m
of which Land and buildings: -€101,110
- Profit (loss) carried forward -€98,886
down €98,886 (-5.8%), from -€1.7m to -€1.8m
- Gross operating margin -€18,105
down €18,105 (-21.3%), from €85,029 to €66,924
- Depreciation +€1,572
up €1,572 (+1.5%), from €107,434 to €109,005
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 | €1,631,283 | €1,531,943 | -€99,340 | -6.1% |
| Fixed assets | 21/28 | €1,603,175 | €1,497,350 | -€105,825 | -6.6% |
| Tangible fixed assets | 22/27 | €1,603,175 | €1,497,350 | -€105,825 | -6.6% |
| Land and buildings | 22 | €1,555,664 | €1,454,554 | -€101,110 | -6.5% |
| Plant, machinery and equipment | 23 | €107 | - | -€107 | |
| Furniture and vehicles | 24 | €33 | €0 | -€33 | -99.2% |
| Other tangible fixed assets | 26 | €47,371 | €42,795 | -€4,576 | -9.7% |
| Current assets | 29/58 | €28,107 | €34,593 | +€6,485 | +23.1% |
| Cash at bank and in hand | 54/58 | €28,107 | €34,593 | +€6,485 | +23.1% |
| Total equity and liabilities | 10/49 | €1,631,283 | €1,531,943 | -€99,340 | -6.1% |
| Equity | 10/15 | -€517,418 | -€616,304 | -€98,886 | -19.1% |
| Contributions | 10/11 | €132,500 | €132,500 | = | 0.0% |
| Capital | 10 | €132,500 | €132,500 | = | 0.0% |
| Issued capital | 100 | €132,500 | €132,500 | = | 0.0% |
| Reserves | 13 | €1,061,131 | €1,061,131 | = | 0.0% |
| Distributable reserves | 133 | €1,061,131 | €1,061,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,711,049 | -€1,809,935 | -€98,886 | -5.8% |
| Amounts payable | 17/49 | €2,148,701 | €2,148,247 | -€454 | 0.0% |
| Amounts payable after more than one year | 17 | €2,137,414 | €2,137,414 | = | 0.0% |
| Financial debts | 170/4 | €2,137,414 | €2,137,414 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,287 | €10,833 | -€454 | -4.0% |
| Trade debts | 44 | €1,319 | €1,009 | -€310 | -23.5% |
| Suppliers | 440/4 | €1,319 | €1,009 | -€310 | -23.5% |
| Other amounts payable | 47/48 | €9,968 | €9,824 | -€144 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,434 | €109,005 | +€1,572 | +1.5% |
| Other operating charges | 640/8 | €9,282 | €9,820 | +€538 | +5.8% |
| Gross operating margin | 9900 | €85,029 | €66,924 | -€18,105 | -21.3% |
| Operating profit (loss) | 9901 | -€31,686 | -€51,902 | -€20,215 | -63.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €47,009 | €46,985 | -€24 | -0.1% |
| Recurring financial charges | 65 | €47,009 | €46,985 | -€24 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€78,695 | -€98,886 | -€20,191 | -25.7% |
| Profit (loss) for the period | 9904 | -€78,695 | -€98,886 | -€20,191 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,695 | -€98,886 | -€20,191 | -25.7% |
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 18 October 2026 via checked.be.