COLIWAL: 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.
What changed
COLIWAL
NACE 77.120, Rental and leasing activities
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€25,855
2023 · €75,805-€101,660
Equity
-€3,939
2023 · €21,916-€25,855
Cash
€47,874
2023 · €48,865-€991
Balance sheet total
€2.9m
2023 · €3.9m-€958,347
Largest movements
Assets
- Receivables within one year -€874,497
down €874,497 (-29.3%), from €3.0m to €2.1m
of which Trade receivables: -€738,688
- Stocks and contracts -€54,034
down €54,034 (-43.7%), from €123,574 to €69,540
Equity and liabilities
- Trade debts -€848,413
down €848,413 (-25.9%), from €3.3m to €2.4m
of which Bills of exchange payable: -€844,696
- Debts after one year -€140,278
down €140,278 (-29.9%), from €468,564 to €328,286
Income statement
- Turnover +€324,082
up €324,082 (+9.4%), from €3.4m to €3.8m
- Purchases and services -€155,807
down €155,807 (-4.9%), from €3.2m to €3.0m
- Gross operating margin -€75,793
down €75,793 (-28.6%), from €264,553 to €188,760
From the 2023 result to the 2024 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.
Result 2023
€75,805
Gross operating margin
-€75,793
Staff costs
-€9,452
Depreciation
-€1,644
Other operating charges
-€18,891
Financial income
-€8
Financial charges
+€1,699
Taxes
+€2,429
Result 2024
-€25,855
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€157,486
Investment
-€17,363
Financing
-€141,114
Cash 2023
€48,865
From operations (derived)
+€157,486
Net result for the year
-€25,855
Depreciation
+€44,244
Stocks and contracts
+€54,034
Receivables within one year
+€874,497
Deferred charges and accrued income
+€1,944
Trade debts
-€848,413
Tax, wage and social debts
+€38,317
Other debts
+€2,885
Accrued charges and deferred income
+€15,833
Investment (derived)
-€17,363
Investment in fixed assets (net)
-€17,363
Financing
-€141,114
Debts after one year
-€140,278
Current portion of long-term debt
-€836
Cash 2024
€47,874
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,894,189 | €2,935,842 | -€958,347 | -24.6% |
| Fixed assets | 21/28 | €729,672 | €702,791 | -€26,881 | -3.7% |
| Tangible fixed assets | 22/27 | €728,742 | €701,861 | -€26,881 | -3.7% |
| Land and buildings | 22 | €566,916 | €551,277 | -€15,639 | -2.8% |
| Plant, machinery and equipment | 23 | €14,792 | €11,386 | -€3,406 | -23.0% |
| Furniture and vehicles | 24 | €9,951 | €6,042 | -€3,909 | -39.3% |
| Other tangible fixed assets | 26 | €137,083 | €133,156 | -€3,927 | -2.9% |
| Financial fixed assets | 28 | €930 | €930 | = | 0.0% |
| Current assets | 29/58 | €3,164,517 | €2,233,051 | -€931,466 | -29.4% |
| Stocks and contracts in progress | 3 | €123,574 | €69,540 | -€54,034 | -43.7% |
| Stocks | 30/36 | €123,574 | €69,540 | -€54,034 | -43.7% |
| Amounts receivable within one year | 40/41 | €2,984,803 | €2,110,306 | -€874,497 | -29.3% |
| Trade receivables | 40 | €2,842,540 | €2,103,852 | -€738,688 | -26.0% |
| Other amounts receivable | 41 | €142,263 | €6,454 | -€135,809 | -95.5% |
| Cash at bank and in hand | 54/58 | €48,865 | €47,874 | -€991 | -2.0% |
| Deferred charges and accrued income | 490/1 | €7,275 | €5,331 | -€1,944 | -26.7% |
| Total equity and liabilities | 10/49 | €3,894,189 | €2,935,842 | -€958,347 | -24.6% |
| Equity | 10/15 | €21,916 | -€3,939 | -€25,855 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €1,456 | -€24,399 | -€25,855 | |
| Amounts payable | 17/49 | €3,872,273 | €2,939,781 | -€932,492 | -24.1% |
| Amounts payable after more than one year | 17 | €468,564 | €328,286 | -€140,278 | -29.9% |
| Financial debts | 170/4 | €468,564 | €328,286 | -€140,278 | -29.9% |
| Amounts payable within one year | 42/48 | €3,378,955 | €2,570,908 | -€808,047 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €56,763 | €55,927 | -€836 | -1.5% |
| Trade debts | 44 | €3,272,018 | €2,423,605 | -€848,413 | -25.9% |
| Suppliers | 440/4 | €200,363 | €196,646 | -€3,717 | -1.9% |
| Bills of exchange payable | 441 | €3,071,655 | €2,226,959 | -€844,696 | -27.5% |
| Taxes, remuneration and social security | 45 | €50,174 | €88,491 | +€38,317 | +76.4% |
| Taxes | 450/3 | €39,883 | €72,791 | +€32,908 | +82.5% |
| Remuneration and social security | 454/9 | €10,291 | €15,700 | +€5,409 | +52.6% |
| Other amounts payable | 47/48 | - | €2,885 | +€2,885 | |
| Accrued charges and deferred income | 492/3 | €24,754 | €40,587 | +€15,833 | +64.0% |
| Turnover | 70 | €3,446,772 | €3,770,854 | +€324,082 | +9.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,182,219 | €3,026,412 | -€155,807 | -4.9% |
| Remuneration, social security and pensions | 62 | €69,050 | €78,502 | +€9,452 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,600 | €44,244 | +€1,644 | +3.9% |
| Other operating charges | 640/8 | €26,192 | €45,083 | +€18,891 | +72.1% |
| Gross operating margin | 9900 | €264,553 | €188,760 | -€75,793 | -28.6% |
| Operating profit (loss) | 9901 | €126,711 | €20,931 | -€105,780 | -83.5% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €17,647 | €15,948 | -€1,699 | -9.6% |
| Recurring financial charges | 65 | €17,647 | €15,948 | -€1,699 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €109,072 | €4,983 | -€104,089 | -95.4% |
| Income taxes | 67/77 | €33,267 | €30,838 | -€2,429 | -7.3% |
| Profit (loss) for the period | 9904 | €75,805 | -€25,855 | -€101,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,805 | -€25,855 | -€101,660 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.