COLL EARN: what changed
Two fiscal 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 EARN
Largest movements
- Current investments +€15.5m
up €15.5m (+244.8%), from €6.3m to €21.8m
- Receivables within one year +€7.5m
up €7.5m (+669.2%), from €1.1m to €8.7m
- Financial fixed assets -€6.5m
down €6.5m (-3.5%), from €187.3m to €180.8m
- Profit (loss) carried forward +€21.1m
up €21.1m (+90.8%), from €23.2m to €44.3m
- Short-term financial debts -€2.4m
down €2.4m (-100.0%), from €2.4m to €0
- Financial income +€18.3m
up €18.3m (+609.7%), from €3.0m to €21.2m
- Gross operating margin -€38,790
down €38,790 (-52.0%), from -€74,570 to -€113,361
- Financial charges -€22,252
down €22,252 (-28.7%), from €77,603 to €55,351
- Other operating charges +€4,929
up €4,929 (+44.3%), from €11,133 to €16,062
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 | €194,717,585 | €211,666,016 | +€16.9m | +8.7% |
| Fixed assets | 21/28 | €187,258,440 | €180,794,617 | -€6.5m | -3.5% |
| Financial fixed assets | 28 | €187,258,440 | €180,794,617 | -€6.5m | -3.5% |
| Current assets | 29/58 | €7,459,145 | €30,871,399 | +€23.4m | +313.9% |
| Amounts receivable within one year | 40/41 | €1,127,106 | €8,669,205 | +€7.5m | +669.2% |
| Other amounts receivable | 41 | €1,127,106 | €8,669,205 | +€7.5m | +669.2% |
| Current investments | 50/53 | €6,331,419 | €21,828,077 | +€15.5m | +244.8% |
| Cash at bank and in hand | 54/58 | €620 | €374,116 | +€373,496 | +60246.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €194,717,585 | €211,666,016 | +€16.9m | +8.7% |
| Equity | 10/15 | €125,452,620 | €146,514,444 | +€21.1m | +16.8% |
| Contributions | 10/11 | €101,754,300 | €101,754,300 | = | 0.0% |
| Reserves | 13 | €510,000 | €510,000 | = | 0.0% |
| Distributable reserves | 133 | €510,000 | €510,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,188,320 | €44,250,144 | +€21.1m | +90.8% |
| Amounts payable | 17/49 | €69,264,964 | €65,151,572 | -€4.1m | -5.9% |
| Amounts payable after more than one year | 17 | €66,832,298 | €65,127,298 | -€1.7m | -2.6% |
| Financial debts | 170/4 | €66,832,298 | €65,127,298 | -€1.7m | -2.6% |
| Amounts payable within one year | 42/48 | €2,432,666 | €24,274 | -€2.4m | -99.0% |
| Financial debts | 43 | €2,401,020 | €0 | -€2.4m | -100.0% |
| Credit institutions | 430/8 | €2,401,020 | €0 | -€2.4m | -100.0% |
| Trade debts | 44 | €7,348 | €0 | -€7,348 | -100.0% |
| Suppliers | 440/4 | €7,348 | €0 | -€7,348 | -100.0% |
| Other amounts payable | 47/48 | €24,299 | €24,274 | -€25 | -0.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €11,133 | €16,062 | +€4,929 | +44.3% |
| Gross operating margin | 9900 | -€74,570 | -€113,361 | -€38,790 | -52.0% |
| Operating profit (loss) | 9901 | -€85,703 | -€129,423 | -€43,720 | -51.0% |
| Financial income | 75/76B | €2,993,678 | €21,246,598 | +€18.3m | +609.7% |
| Recurring financial income | 75 | €2,993,678 | €21,246,598 | +€18.3m | +609.7% |
| Financial charges | 65/66B | €77,603 | €55,351 | -€22,252 | -28.7% |
| Recurring financial charges | 65 | €77,603 | €55,351 | -€22,252 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €2,830,372 | €21,061,824 | +€18.2m | +644.1% |
| Profit (loss) for the period | 9904 | €2,830,372 | €21,061,824 | +€18.2m | +644.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,830,372 | €21,061,824 | +€18.2m | +644.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.