COLLABORATIVE: 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.
COLLABORATIVE
Largest movements
- Receivables within one year +€203,265
up €203,265 (+518%), from €39,217 to €242,482
of which Other amounts receivable: +€133,331
- Cash -€22,974
down €22,974 (-76.6%), from €29,974 to €7,000
mainly Receivables within one year (-€203,265) and Other debts (-€8,858)
- Reserves +€146,424
up €146,424 (+7,872%), from €1,860 to €148,284
- Trade debts +€36,015
up €36,015 (+214%), from €16,867 to €52,882
- Other debts -€8,858
down €8,858 (-100%), from €8,858 to €0
- Tax, wage and social debts +€4,816
up €4,816 (+28.8%), from €16,702 to €21,518
- Gross operating margin +€151,131
up €151,131, from -€66,376 to €84,755
- Financial income +€134,524
up €134,524 (+254,925%), from €53 to €134,577
- Other operating charges +€52,101
up €52,101 (+1,741%), from €2,992 to €55,093
- Taxes +€14,834
up €14,834 (+2,963%), from €501 to €15,334
- Depreciation -€3,239
down €3,239 (-97.3%), from €3,329 to €89
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 | €128,874 | €307,292 | +€178,418 | +138% |
| Fixed assets | 21/28 | €59,589 | €57,357 | -€2,232 | -3.7% |
| Tangible fixed assets | 22/27 | €55,029 | €52,797 | -€2,232 | -4.1% |
| Furniture and vehicles | 24 | €2,232 | €0 | -€2,232 | -100% |
| Assets under construction and advance payments | 27 | €52,797 | €52,797 | = | 0.0% |
| Financial fixed assets | 28 | €4,560 | €4,560 | = | 0.0% |
| Current assets | 29/58 | €69,285 | €249,935 | +€180,650 | +261% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €39,217 | €242,482 | +€203,265 | +518% |
| Trade receivables | 40 | €36,865 | €106,799 | +€69,934 | +190% |
| Other amounts receivable | 41 | €2,352 | €135,683 | +€133,331 | +5,669% |
| Cash at bank and in hand | 54/58 | €29,974 | €7,000 | -€22,974 | -76.6% |
| Deferred charges and accrued income | 490/1 | €94 | €452 | +€358 | +381% |
| Total equity and liabilities | 10/49 | €128,874 | €307,292 | +€178,418 | +138% |
| Equity | 10/15 | €86,447 | €232,871 | +€146,424 | +169% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €148,284 | +€146,424 | +7,872% |
| Distributable reserves | 133 | €1,860 | €148,284 | +€146,424 | +7,872% |
| Profit (loss) carried forward | 14 | €65,987 | €65,987 | = | 0.0% |
| Amounts payable | 17/49 | €42,427 | €74,421 | +€31,994 | +75.4% |
| Amounts payable within one year | 42/48 | €42,427 | €74,400 | +€31,973 | +75.4% |
| Trade debts | 44 | €16,867 | €52,882 | +€36,015 | +214% |
| Suppliers | 440/4 | €16,867 | €52,882 | +€36,015 | +214% |
| Taxes, remuneration and social security | 45 | €16,702 | €21,518 | +€4,816 | +28.8% |
| Taxes | 450/3 | €16,702 | €21,518 | +€4,816 | +28.8% |
| Other amounts payable | 47/48 | €8,858 | €0 | -€8,858 | -100% |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,329 | €89 | -€3,239 | -97.3% |
| Other operating charges | 640/8 | €2,992 | €55,093 | +€52,101 | +1,741% |
| Gross operating margin | 9900 | -€66,376 | €84,755 | +€151,131 | |
| Operating profit (loss) | 9901 | -€72,697 | €29,573 | +€102,270 | |
| Financial income | 75/76B | €53 | €134,577 | +€134,524 | +254,925% |
| Recurring financial income | 75 | €53 | €134,577 | +€134,524 | +254,925% |
| Financial charges | 65/66B | €271 | €2,392 | +€2,121 | +783% |
| Recurring financial charges | 65 | €271 | €2,392 | +€2,121 | +783% |
| Profit (loss) for the period before taxes | 9903 | -€72,915 | €161,758 | +€234,673 | |
| Income taxes | 67/77 | €501 | €15,334 | +€14,834 | +2,963% |
| Profit (loss) for the period | 9904 | -€73,416 | €146,424 | +€219,840 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,416 | €146,424 | +€219,840 |
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 16 October 2026 via checked.be.