COLLARD M.: 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 M.
Largest movements
- Tangible fixed assets -€58,091
down €58,091 (-11.2%), from €520,313 to €462,222
of which Furniture and vehicles: -€72,862
- Receivables within one year +€12,930
up €12,930 (+18.5%), from €69,839 to €82,769
of which Other amounts receivable: +€19,486
- Debts after one year -€49,654
down €49,654 (-12.7%), from €392,171 to €342,517
- Current portion of long-term debt +€14,569
up €14,569 (+16.6%), from €87,957 to €102,526
- Profit (loss) carried forward -€14,366
down €14,366 (-33.7%), from €42,641 to €28,275
- Short-term financial debts -€11,678
down €11,678 (-49.3%), from €23,672 to €11,994
- Investment grants +€8,229
new in 2025: €8,229
- Depreciation +€28,884
up €28,884 (+31.4%), from €91,842 to €120,726
- Gross operating margin -€21,306
down €21,306 (-14.6%), from €146,139 to €124,833
- Financial charges +€4,048
up €4,048 (+27.1%), from €14,948 to €18,996
- Financial income +€2,695
up €2,695 (+177299.3%), from €2 to €2,696
- Other operating charges +€1,658
up €1,658 (+321.6%), from €516 to €2,173
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 | €596,757 | €550,173 | -€46,584 | -7.8% |
| Fixed assets | 21/28 | €522,255 | €463,756 | -€58,499 | -11.2% |
| Intangible fixed assets | 21 | €1,942 | €1,534 | -€408 | -21.0% |
| Tangible fixed assets | 22/27 | €520,313 | €462,222 | -€58,091 | -11.2% |
| Plant, machinery and equipment | 23 | €6,334 | €21,105 | +€14,770 | +233.2% |
| Furniture and vehicles | 24 | €513,979 | €441,117 | -€72,862 | -14.2% |
| Current assets | 29/58 | €74,502 | €86,417 | +€11,915 | +16.0% |
| Amounts receivable within one year | 40/41 | €69,839 | €82,769 | +€12,930 | +18.5% |
| Trade receivables | 40 | €53,029 | €46,474 | -€6,555 | -12.4% |
| Other amounts receivable | 41 | €16,810 | €36,296 | +€19,486 | +115.9% |
| Cash at bank and in hand | 54/58 | €0 | €811 | +€811 | |
| Deferred charges and accrued income | 490/1 | €4,663 | €2,837 | -€1,826 | -39.2% |
| Total equity and liabilities | 10/49 | €596,757 | €550,173 | -€46,584 | -7.8% |
| Equity | 10/15 | €47,641 | €41,503 | -€6,138 | -12.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,641 | €28,275 | -€14,366 | -33.7% |
| Investment grants | 15 | - | €8,229 | +€8,229 | |
| Amounts payable | 17/49 | €549,116 | €508,670 | -€40,447 | -7.4% |
| Amounts payable after more than one year | 17 | €392,171 | €342,517 | -€49,654 | -12.7% |
| Financial debts | 170/4 | €392,171 | €342,517 | -€49,654 | -12.7% |
| Amounts payable within one year | 42/48 | €156,804 | €166,153 | +€9,349 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €87,957 | €102,526 | +€14,569 | +16.6% |
| Financial debts | 43 | €23,672 | €11,994 | -€11,678 | -49.3% |
| Credit institutions | 430/8 | €23,672 | €11,994 | -€11,678 | -49.3% |
| Trade debts | 44 | €27,961 | €35,852 | +€7,892 | +28.2% |
| Suppliers | 440/4 | €27,961 | €35,852 | +€7,892 | +28.2% |
| Taxes, remuneration and social security | 45 | €925 | €631 | -€294 | -31.8% |
| Taxes | 450/3 | €925 | €631 | -€294 | -31.8% |
| Other amounts payable | 47/48 | €16,288 | €15,149 | -€1,140 | -7.0% |
| Accrued charges and deferred income | 492/3 | €141 | €0 | -€141 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,842 | €120,726 | +€28,884 | +31.4% |
| Other operating charges | 640/8 | €516 | €2,173 | +€1,658 | +321.6% |
| Gross operating margin | 9900 | €146,139 | €124,833 | -€21,306 | -14.6% |
| Operating profit (loss) | 9901 | €53,780 | €1,933 | -€51,847 | -96.4% |
| Financial income | 75/76B | €2 | €2,696 | +€2,695 | +177299.3% |
| Recurring financial income | 75 | €2 | €2,696 | +€2,695 | +177299.3% |
| Financial charges | 65/66B | €14,948 | €18,996 | +€4,048 | +27.1% |
| Recurring financial charges | 65 | €14,948 | €18,996 | +€4,048 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €38,834 | -€14,366 | -€53,200 | |
| Income taxes | 67/77 | €1,556 | €0 | -€1,556 | -100.0% |
| Profit (loss) for the period | 9904 | €37,277 | -€14,366 | -€51,644 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,277 | -€14,366 | -€51,644 |
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 6 October 2026 via checked.be.