COLLECTIF DESIGN: 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.
COLLECTIF DESIGN
Largest movements
- Stocks and contracts +€120,000
new in 2025: €120,000
- Tangible fixed assets -€39,207
down €39,207 (-26.9%), from €145,544 to €106,337
- Receivables within one year -€34,943
down €34,943 (-14.6%), from €239,175 to €204,232
of which Trade receivables: -€43,013
- Cash -€31,700
down €31,700 (-95.5%), from €33,197 to €1,497
mainly Contributions, distributions and other (-€120,000) and Stocks and contracts (-€120,000)
- Deferred charges and accrued income +€6,482
up €6,482 (+688%), from €942 to €7,424
- Trade debts +€18,597
up €18,597 (+87.9%), from €21,157 to €39,754
- Debts after one year -€6,744
down €6,744 (-15.5%), from €43,610 to €36,866
- Other debts +€4,665
up €4,665 (+2.0%), from €237,061 to €241,726
- Purchases and services +€1.3m
new in 2025: €1.3m
- Gross operating margin -€29,691
down €29,691 (-12.9%), from €230,153 to €200,462
- Depreciation +€15,065
up €15,065 (+59.9%), from €25,147 to €40,212
- Taxes -€11,937
down €11,937 (-27.2%), from €43,937 to €32,000
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 | €418,858 | €439,489 | +€20,631 | +4.9% |
| Fixed assets | 21/28 | €145,544 | €106,337 | -€39,207 | -26.9% |
| Tangible fixed assets | 22/27 | €145,544 | €106,337 | -€39,207 | -26.9% |
| Plant, machinery and equipment | 23 | €13,738 | €10,854 | -€2,884 | -21.0% |
| Furniture and vehicles | 24 | €11,134 | €7,864 | -€3,270 | -29.4% |
| Leasing and similar rights | 25 | €60,719 | €45,414 | -€15,305 | -25.2% |
| Other tangible fixed assets | 26 | €59,953 | €42,205 | -€17,748 | -29.6% |
| Current assets | 29/58 | €273,314 | €333,152 | +€59,838 | +21.9% |
| Stocks and contracts in progress | 3 | - | €120,000 | +€120,000 | |
| Contracts in progress | 37 | - | €120,000 | +€120,000 | |
| Amounts receivable within one year | 40/41 | €239,175 | €204,232 | -€34,943 | -14.6% |
| Trade receivables | 40 | €229,437 | €186,424 | -€43,013 | -18.7% |
| Other amounts receivable | 41 | €9,738 | €17,807 | +€8,069 | +82.9% |
| Cash at bank and in hand | 54/58 | €33,197 | €1,497 | -€31,700 | -95.5% |
| Deferred charges and accrued income | 490/1 | €942 | €7,424 | +€6,482 | +688% |
| Total equity and liabilities | 10/49 | €418,858 | €439,489 | +€20,631 | +4.9% |
| Equity | 10/15 | €107,013 | €107,499 | +€486 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,700 | €85,700 | = | 0.0% |
| Distributable reserves | 133 | €85,700 | €85,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,713 | €3,199 | +€486 | +17.9% |
| Amounts payable | 17/49 | €311,845 | €331,990 | +€20,145 | +6.5% |
| Amounts payable after more than one year | 17 | €43,610 | €36,866 | -€6,744 | -15.5% |
| Financial debts | 170/4 | €43,610 | €36,866 | -€6,744 | -15.5% |
| Amounts payable within one year | 42/48 | €268,235 | €295,125 | +€26,890 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €6,417 | €6,745 | +€328 | +5.1% |
| Trade debts | 44 | €21,157 | €39,754 | +€18,597 | +87.9% |
| Suppliers | 440/4 | €21,157 | €39,754 | +€18,597 | +87.9% |
| Taxes, remuneration and social security | 45 | €3,600 | €6,900 | +€3,300 | +91.7% |
| Taxes | 450/3 | €3,600 | €6,900 | +€3,300 | +91.7% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €237,061 | €241,726 | +€4,665 | +2.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,290,557 | +€1.3m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,147 | €40,212 | +€15,065 | +59.9% |
| Other operating charges | 640/8 | €3,585 | €1,704 | -€1,881 | -52.5% |
| Gross operating margin | 9900 | €230,153 | €200,462 | -€29,691 | -12.9% |
| Operating profit (loss) | 9901 | €201,421 | €158,546 | -€42,875 | -21.3% |
| Financial income | 75/76B | €77 | €182 | +€105 | +137% |
| Recurring financial income | 75 | €77 | €182 | +€105 | +137% |
| Financial charges | 65/66B | €7,561 | €6,241 | -€1,320 | -17.5% |
| Recurring financial charges | 65 | €7,561 | €6,241 | -€1,320 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €193,937 | €152,486 | -€41,451 | -21.4% |
| Income taxes | 67/77 | €43,937 | €32,000 | -€11,937 | -27.2% |
| Profit (loss) for the period | 9904 | €150,000 | €120,486 | -€29,514 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €150,000 | €120,486 | -€29,514 | -19.7% |
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 26 October 2026 via checked.be.