COLL: 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.
COLL
Largest movements
- Tangible fixed assets +€146,572
up €146,572 (+15.4%), from €954,229 to €1.1m
of which Land and buildings: +€153,604
- Cash -€13,966
down €13,966 (-11.3%), from €123,368 to €109,402
mainly Investment in fixed assets (net) (-€206,868) and Receivables within one year (-€6,588)
- Debts after one year +€96,505
up €96,505 (+12.1%), from €797,125 to €893,630
- Reserves +€30,400
up €30,400 (+16.6%), from €182,600 to €213,000
- Depreciation +€18,402
up €18,402 (+43.9%), from €41,894 to €60,296
- Gross operating margin +€8,900
up €8,900 (+7.1%), from €125,821 to €134,721
- Taxes -€2,882
down €2,882 (-15.0%), from €19,177 to €16,295
- Financial charges +€1,457
up €1,457 (+7.6%), from €19,177 to €20,634
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.
Cash bridge derived
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 | €1,092,107 | €1,231,367 | +€139,260 | +12.8% |
| Fixed assets | 21/28 | €954,259 | €1,100,831 | +€146,572 | +15.4% |
| Tangible fixed assets | 22/27 | €954,229 | €1,100,801 | +€146,572 | +15.4% |
| Land and buildings | 22 | €911,442 | €1,065,046 | +€153,604 | +16.9% |
| Plant, machinery and equipment | 23 | €23,017 | €21,748 | -€1,269 | -5.5% |
| Furniture and vehicles | 24 | €19,770 | €14,007 | -€5,763 | -29.2% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €137,848 | €130,536 | -€7,312 | -5.3% |
| Amounts receivable within one year | 40/41 | €11,636 | €18,224 | +€6,588 | +56.6% |
| Trade receivables | 40 | €7,789 | €9,204 | +€1,415 | +18.2% |
| Other amounts receivable | 41 | €3,847 | €9,020 | +€5,173 | +134.5% |
| Cash at bank and in hand | 54/58 | €123,368 | €109,402 | -€13,966 | -11.3% |
| Deferred charges and accrued income | 490/1 | €2,844 | €2,910 | +€66 | +2.3% |
| Total equity and liabilities | 10/49 | €1,092,107 | €1,231,367 | +€139,260 | +12.8% |
| Equity | 10/15 | €225,711 | €256,123 | +€30,412 | +13.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €182,600 | €213,000 | +€30,400 | +16.6% |
| Distributable reserves | 133 | €182,600 | €213,000 | +€30,400 | +16.6% |
| Profit (loss) carried forward | 14 | €18,111 | €18,123 | +€12 | +0.1% |
| Amounts payable | 17/49 | €866,396 | €975,244 | +€108,848 | +12.6% |
| Amounts payable after more than one year | 17 | €797,125 | €893,630 | +€96,505 | +12.1% |
| Financial debts | 170/4 | €797,125 | €893,630 | +€96,505 | +12.1% |
| Amounts payable within one year | 42/48 | €54,384 | €67,518 | +€13,134 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €47,380 | €57,139 | +€9,759 | +20.6% |
| Trade debts | 44 | €2,780 | €4,381 | +€1,601 | +57.6% |
| Suppliers | 440/4 | €2,780 | €4,381 | +€1,601 | +57.6% |
| Taxes, remuneration and social security | 45 | €3,591 | €5,998 | +€2,407 | +67.0% |
| Taxes | 450/3 | €3,591 | €5,998 | +€2,407 | +67.0% |
| Other amounts payable | 47/48 | €633 | - | -€633 | |
| Accrued charges and deferred income | 492/3 | €14,887 | €14,096 | -€791 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,894 | €60,296 | +€18,402 | +43.9% |
| Other operating charges | 640/8 | €6,770 | €7,084 | +€314 | +4.6% |
| Gross operating margin | 9900 | €125,821 | €134,721 | +€8,900 | +7.1% |
| Operating profit (loss) | 9901 | €77,157 | €67,341 | -€9,816 | -12.7% |
| Financial charges | 65/66B | €19,177 | €20,634 | +€1,457 | +7.6% |
| Recurring financial charges | 65 | €19,177 | €20,634 | +€1,457 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €57,980 | €46,707 | -€11,273 | -19.4% |
| Income taxes | 67/77 | €19,177 | €16,295 | -€2,882 | -15.0% |
| Profit (loss) for the period | 9904 | €38,803 | €30,412 | -€8,391 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,803 | €30,412 | -€8,391 | -21.6% |
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 10 October 2026 via checked.be.