COLLARD: 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.
COLLARD
Largest movements
- Cash +€18,487
up €18,487 (+12.2%), from €151,591 to €170,078
mainly Other debts (+€96,909) and Net result for the year (+€14,386)
- Tangible fixed assets -€3,373
down €3,373 (-79.8%), from €4,225 to €852
- Receivables within one year -€3,101
down €3,101 (-78.5%), from €3,948 to €847
of which Trade receivables: -€3,101
- Other debts +€96,909
up €96,909 (+1380.9%), from €7,018 to €103,927
- Reserves -€85,614
down €85,614 (-64.5%), from €132,759 to €47,146
of which Distributable reserves: -€85,614
- Gross operating margin +€18,615
up €18,615 (+236.8%), from €7,862 to €26,477
- Depreciation -€2,952
down €2,952 (-40.5%), from €7,294 to €4,342
- Taxes +€1,421
up €1,421 (+412.3%), from €345 to €1,766
- Financial income +€837
up €837 (+121.9%), from €687 to €1,523
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 | €159,789 | €172,075 | +€12,286 | +7.7% |
| Fixed assets | 21/28 | €4,250 | €877 | -€3,373 | -79.4% |
| Tangible fixed assets | 22/27 | €4,225 | €852 | -€3,373 | -79.8% |
| Furniture and vehicles | 24 | €4,225 | €852 | -€3,373 | -79.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €155,539 | €171,198 | +€15,659 | +10.1% |
| Amounts receivable within one year | 40/41 | €3,948 | €847 | -€3,101 | -78.5% |
| Trade receivables | 40 | €3,948 | €847 | -€3,101 | -78.5% |
| Other amounts receivable | 41 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €151,591 | €170,078 | +€18,487 | +12.2% |
| Deferred charges and accrued income | 490/1 | - | €273 | +€273 | |
| Total equity and liabilities | 10/49 | €159,789 | €172,075 | +€12,286 | +7.7% |
| Equity | 10/15 | €151,635 | €66,021 | -€85,614 | -56.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €132,759 | €47,146 | -€85,614 | -64.5% |
| Non-distributable reserves | 130/1 | €11,759 | €11,759 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,759 | €11,759 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €108,000 | €22,386 | -€85,614 | -79.3% |
| Profit (loss) carried forward | 14 | €283 | €283 | = | 0.0% |
| Amounts payable | 17/49 | €8,154 | €106,054 | +€97,900 | +1200.6% |
| Amounts payable within one year | 42/48 | €8,154 | €106,054 | +€97,900 | +1200.6% |
| Trade debts | 44 | - | €188 | +€188 | |
| Suppliers | 440/4 | - | €188 | +€188 | |
| Taxes, remuneration and social security | 45 | €1,136 | €1,939 | +€803 | +70.6% |
| Taxes | 450/3 | €1,136 | €1,939 | +€803 | +70.6% |
| Other amounts payable | 47/48 | €7,018 | €103,927 | +€96,909 | +1380.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,294 | €4,342 | -€2,952 | -40.5% |
| Other operating charges | 640/8 | €7,255 | €7,423 | +€168 | +2.3% |
| Gross operating margin | 9900 | €7,862 | €26,477 | +€18,615 | +236.8% |
| Operating profit (loss) | 9901 | -€6,687 | €14,712 | +€21,399 | |
| Financial income | 75/76B | €687 | €1,523 | +€837 | +121.9% |
| Recurring financial income | 75 | €687 | €1,523 | +€837 | +121.9% |
| Financial charges | 65/66B | €78 | €84 | +€6 | +7.6% |
| Recurring financial charges | 65 | €78 | €84 | +€6 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,078 | €16,152 | +€22,230 | |
| Income taxes | 67/77 | €345 | €1,766 | +€1,421 | +412.3% |
| Profit (loss) for the period | 9904 | -€6,423 | €14,386 | +€20,809 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,423 | €14,386 | +€20,809 |
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 5 October 2026 via checked.be.