COLINVEST: 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.
COLINVEST
Largest movements
- Cash +€21,053
up €21,053 (+75.4%), from €27,921 to €48,974
mainly Net result for the year (+€36,965) and Depreciation (+€20,288)
- Tangible fixed assets -€16,376
down €16,376 (-4.1%), from €397,335 to €380,959
- Debts after one year -€40,873
down €40,873 (-30.3%), from €135,102 to €94,229
- Profit (loss) carried forward +€36,965
up €36,965 (+26.5%), from €139,231 to €176,196
- Financial charges -€2,650
down €2,650 (-21.1%), from €12,587 to €9,937
- Taxes +€1,975
up €1,975 (+82.4%), from -€2,398 to -€423
- Depreciation +€930
up €930 (+4.8%), from €19,358 to €20,288
- Other operating charges -€908
down €908 (-29.0%), from €3,129 to €2,222
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 | €1,442,196 | €1,438,403 | -€3,793 | -0.3% |
| Fixed assets | 21/28 | €1,397,335 | €1,380,959 | -€16,376 | -1.2% |
| Tangible fixed assets | 22/27 | €397,335 | €380,959 | -€16,376 | -4.1% |
| Land and buildings | 22 | €397,335 | €380,959 | -€16,376 | -4.1% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €44,861 | €57,444 | +€12,583 | +28.1% |
| Amounts receivable within one year | 40/41 | €16,940 | €8,470 | -€8,470 | -50.0% |
| Trade receivables | 40 | €16,940 | €8,470 | -€8,470 | -50.0% |
| Cash at bank and in hand | 54/58 | €27,921 | €48,974 | +€21,053 | +75.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,442,196 | €1,438,403 | -€3,793 | -0.3% |
| Equity | 10/15 | €1,217,849 | €1,254,813 | +€36,965 | +3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €846,990 | €846,990 | = | 0.0% |
| Reserves | 13 | €225,427 | €225,427 | = | 0.0% |
| Distributable reserves | 133 | €225,427 | €225,427 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,231 | €176,196 | +€36,965 | +26.5% |
| Amounts payable | 17/49 | €224,347 | €183,590 | -€40,758 | -18.2% |
| Amounts payable after more than one year | 17 | €135,102 | €94,229 | -€40,873 | -30.3% |
| Financial debts | 170/4 | €135,102 | €94,229 | -€40,873 | -30.3% |
| Amounts payable within one year | 42/48 | €88,895 | €89,116 | +€221 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €39,532 | €39,998 | +€465 | +1.2% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €469 | €345 | -€124 | -26.5% |
| Suppliers | 440/4 | €469 | €345 | -€124 | -26.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,181 | €4,061 | -€120 | -2.9% |
| Taxes | 450/3 | €4,181 | €4,061 | -€120 | -2.9% |
| Other amounts payable | 47/48 | €34,713 | €34,713 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €350 | €244 | -€106 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,358 | €20,288 | +€930 | +4.8% |
| Other operating charges | 640/8 | €3,129 | €2,222 | -€908 | -29.0% |
| Gross operating margin | 9900 | €68,371 | €68,988 | +€618 | +0.9% |
| Operating profit (loss) | 9901 | €45,883 | €46,479 | +€596 | +1.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €12,587 | €9,937 | -€2,650 | -21.1% |
| Recurring financial charges | 65 | €12,587 | €9,937 | -€2,650 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €33,296 | €36,542 | +€3,246 | +9.7% |
| Income taxes | 67/77 | -€2,398 | -€423 | +€1,975 | +82.4% |
| Profit (loss) for the period | 9904 | €35,694 | €36,965 | +€1,271 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,694 | €36,965 | +€1,271 | +3.6% |
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 28 October 2026 via checked.be.