COLLARD M&C: 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.
COLLARD M&C
Largest movements
- Financial fixed assets +€11,000
new in 2025: €11,000
- Cash +€9,393
up €9,393 (+22.4%), from €41,842 to €51,235
mainly Net result for the year (+€25,856) and Depreciation (+€7,577)
- Tangible fixed assets -€6,821
down €6,821 (-43.8%), from €15,559 to €8,738
- Receivables within one year +€6,471
up €6,471 (+438.2%), from €1,476 to €7,947
- Reserves +€25,000
up €25,000 (+54.3%), from €46,000 to €71,000
- Debts after one year -€4,659
no longer reported in 2025 (was €4,659)
- Tax, wage and social debts -€2,623
no longer reported in 2025 (was €2,623)
- Trade debts +€1,693
new in 2025: €1,693
- Profit (loss) carried forward +€856
up €856 (+214.9%), from €398 to €1,255
- Gross operating margin -€18,582
down €18,582 (-30.8%), from €60,385 to €41,803
- Taxes -€3,953
down €3,953 (-32.1%), from €12,304 to €8,351
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 | €58,877 | €79,069 | +€20,191 | +34.3% |
| Fixed assets | 21/28 | €15,559 | €19,738 | +€4,179 | +26.9% |
| Tangible fixed assets | 22/27 | €15,559 | €8,738 | -€6,821 | -43.8% |
| Furniture and vehicles | 24 | €15,559 | €8,738 | -€6,821 | -43.8% |
| Financial fixed assets | 28 | - | €11,000 | +€11,000 | |
| Current assets | 29/58 | €43,318 | €59,330 | +€16,012 | +37.0% |
| Amounts receivable within one year | 40/41 | €1,476 | €7,947 | +€6,471 | +438.2% |
| Other amounts receivable | 41 | €1,476 | €7,947 | +€6,471 | +438.2% |
| Cash at bank and in hand | 54/58 | €41,842 | €51,235 | +€9,393 | +22.4% |
| Deferred charges and accrued income | 490/1 | - | €149 | +€149 | |
| Total equity and liabilities | 10/49 | €58,877 | €79,069 | +€20,191 | +34.3% |
| Equity | 10/15 | €46,898 | €72,755 | +€25,856 | +55.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Contributions outside capital | 11 | €500 | €500 | = | 0.0% |
| Other | 1109/19 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €46,000 | €71,000 | +€25,000 | +54.3% |
| Distributable reserves | 133 | €46,000 | €71,000 | +€25,000 | +54.3% |
| Profit (loss) carried forward | 14 | €398 | €1,255 | +€856 | +214.9% |
| Amounts payable | 17/49 | €11,979 | €6,314 | -€5,665 | -47.3% |
| Amounts payable after more than one year | 17 | €4,659 | - | -€4,659 | |
| Financial debts | 170/4 | €4,659 | - | -€4,659 | |
| Amounts payable within one year | 42/48 | €7,320 | €6,314 | -€1,006 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €4,696 | €4,621 | -€75 | -1.6% |
| Trade debts | 44 | - | €1,693 | +€1,693 | |
| Suppliers | 440/4 | - | €1,693 | +€1,693 | |
| Taxes, remuneration and social security | 45 | €2,623 | - | -€2,623 | |
| Taxes | 450/3 | €2,623 | - | -€2,623 | |
| Remuneration, social security and pensions | 62 | - | €112 | +€112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,728 | €7,577 | -€151 | -2.0% |
| Other operating charges | 640/8 | €288 | - | -€288 | |
| Gross operating margin | 9900 | €60,385 | €41,803 | -€18,582 | -30.8% |
| Operating profit (loss) | 9901 | €52,369 | €34,114 | -€18,255 | -34.9% |
| Financial income | 75/76B | €45 | €305 | +€261 | +582.3% |
| Recurring financial income | 75 | €45 | €305 | +€261 | +582.3% |
| Financial charges | 65/66B | €131 | €212 | +€81 | +61.9% |
| Recurring financial charges | 65 | €131 | €212 | +€81 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | €52,282 | €34,207 | -€18,075 | -34.6% |
| Income taxes | 67/77 | €12,304 | €8,351 | -€3,953 | -32.1% |
| Profit (loss) for the period | 9904 | €39,978 | €25,856 | -€14,122 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,978 | €25,856 | -€14,122 | -35.3% |
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 10 October 2026 via checked.be.