COLLA: 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.
COLLA
Largest movements
- Receivables after one year +€1.6m
up €1.6m (+60.2%), from €2.7m to €4.3m
- Tangible fixed assets +€1.3m
up €1.3m (+64.8%), from €2.0m to €3.3m
of which Land and buildings: +€1.3m
- Debts after one year +€1.6m
up €1.6m (+53.3%), from €3.1m to €4.7m
of which Financial debts: +€1.3m
- Revaluation surpluses +€1.5m
new in 2025: €1.5m
- Trade debts -€225,027
down €225,027 (-97.4%), from €230,925 to €5,897
- Gross operating margin -€35,465
down €35,465 (-11.9%), from €298,869 to €263,404
- Depreciation +€11,695
up €11,695 (+9.9%), from €117,725 to €129,420
- Financial charges +€10,113
up €10,113 (+22.1%), from €45,692 to €55,805
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 | €4,869,905 | €7,768,137 | +€2.9m | +59.5% |
| Fixed assets | 21/28 | €1,981,152 | €3,264,275 | +€1.3m | +64.8% |
| Tangible fixed assets | 22/27 | €1,981,152 | €3,264,275 | +€1.3m | +64.8% |
| Land and buildings | 22 | €1,974,801 | €3,264,275 | +€1.3m | +65.3% |
| Plant, machinery and equipment | 23 | €3,897 | - | -€3,897 | |
| Furniture and vehicles | 24 | €2,453 | - | -€2,453 | |
| Current assets | 29/58 | €2,888,754 | €4,503,862 | +€1.6m | +55.9% |
| Amounts receivable after more than one year | 29 | €2,708,992 | €4,340,092 | +€1.6m | +60.2% |
| Other amounts receivable | 291 | €2,708,992 | €4,340,092 | +€1.6m | +60.2% |
| Amounts receivable within one year | 40/41 | €123,461 | €110,944 | -€12,516 | -10.1% |
| Trade receivables | 40 | €123,461 | €109,822 | -€13,638 | -11.0% |
| Other amounts receivable | 41 | - | €1,122 | +€1,122 | |
| Cash at bank and in hand | 54/58 | €56,301 | €52,825 | -€3,476 | -6.2% |
| Total equity and liabilities | 10/49 | €4,869,905 | €7,768,137 | +€2.9m | +59.5% |
| Equity | 10/15 | €1,311,694 | €2,850,316 | +€1.5m | +117.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,500,000 | +€1.5m | |
| Reserves | 13 | €1,236,694 | €1,275,316 | +€38,622 | +3.1% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €1,229,194 | €1,267,816 | +€38,622 | +3.1% |
| Amounts payable | 17/49 | €3,558,211 | €4,917,821 | +€1.4m | +38.2% |
| Amounts payable after more than one year | 17 | €3,096,371 | €4,745,934 | +€1.6m | +53.3% |
| Financial debts | 170/4 | €609,447 | €1,956,200 | +€1.3m | +221.0% |
| Other amounts payable | 178/9 | €2,486,925 | €2,789,734 | +€302,809 | +12.2% |
| Amounts payable within one year | 42/48 | €461,839 | €171,887 | -€289,952 | -62.8% |
| Current portion of amounts payable after more than one year | 42 | €226,110 | €161,800 | -€64,310 | -28.4% |
| Trade debts | 44 | €230,925 | €5,897 | -€225,027 | -97.4% |
| Suppliers | 440/4 | €230,925 | €5,897 | -€225,027 | -97.4% |
| Taxes, remuneration and social security | 45 | €4,105 | €4,190 | +€85 | +2.1% |
| Taxes | 450/3 | €4,105 | €4,190 | +€85 | +2.1% |
| Other amounts payable | 47/48 | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,725 | €129,420 | +€11,695 | +9.9% |
| Other operating charges | 640/8 | €19,367 | €19,798 | +€432 | +2.2% |
| Non-recurring operating charges | 66A | - | €19,757 | +€19,757 | |
| Gross operating margin | 9900 | €298,869 | €263,404 | -€35,465 | -11.9% |
| Operating profit (loss) | 9901 | €161,777 | €94,427 | -€67,350 | -41.6% |
| Financial charges | 65/66B | €45,692 | €55,805 | +€10,113 | +22.1% |
| Recurring financial charges | 65 | €45,692 | €55,805 | +€10,113 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €116,085 | €38,622 | -€77,463 | -66.7% |
| Profit (loss) for the period | 9904 | €116,085 | €38,622 | -€77,463 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €116,085 | €38,622 | -€77,463 | -66.7% |
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.