COLLIGNON DENIS: 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.
COLLIGNON DENIS
Largest movements
- Current investments +€101,336
up €101,336 (+35.3%), from €286,679 to €388,015
- Cash -€31,267
down €31,267 (-68.0%), from €45,976 to €14,710
mainly Current investments (-€101,336) and Contributions, distributions and other (-€68,153)
- Tangible fixed assets -€19,864
down €19,864 (-58.8%), from €33,788 to €13,924
of which Furniture and vehicles: -€14,926
- Receivables within one year -€6,586
down €6,586 (-11.0%), from €60,106 to €53,521
of which Trade receivables: -€6,546
- Other debts +€63,720
up €63,720 (+116%), from €54,834 to €118,553
- Reserves -€21,000
down €21,000 (-6.4%), from €328,451 to €307,451
of which Distributable reserves: -€21,000
- Staff costs +€69,448
up €69,448 (+175%), from €39,614 to €109,062
- Gross operating margin +€59,266
up €59,266 (+44.9%), from €131,905 to €191,170
- Taxes -€2,690
down €2,690 (-13.4%), from €20,033 to €17,343
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 | €462,541 | €505,206 | +€42,666 | +9.2% |
| Fixed assets | 21/28 | €34,684 | €15,585 | -€19,099 | -55.1% |
| Intangible fixed assets | 21 | - | €765 | +€765 | |
| Tangible fixed assets | 22/27 | €33,788 | €13,924 | -€19,864 | -58.8% |
| Plant, machinery and equipment | 23 | €12,830 | €8,182 | -€4,648 | -36.2% |
| Furniture and vehicles | 24 | €18,463 | €3,537 | -€14,926 | -80.8% |
| Other tangible fixed assets | 26 | €2,495 | €2,205 | -€290 | -11.6% |
| Financial fixed assets | 28 | €896 | €896 | = | 0.0% |
| Current assets | 29/58 | €427,856 | €489,621 | +€61,765 | +14.4% |
| Stocks and contracts in progress | 3 | €30,114 | €28,298 | -€1,817 | -6.0% |
| Stocks | 30/36 | €30,114 | €28,298 | -€1,817 | -6.0% |
| Amounts receivable within one year | 40/41 | €60,106 | €53,521 | -€6,586 | -11.0% |
| Trade receivables | 40 | €53,110 | €46,564 | -€6,546 | -12.3% |
| Other amounts receivable | 41 | €6,997 | €6,957 | -€40 | -0.6% |
| Current investments | 50/53 | €286,679 | €388,015 | +€101,336 | +35.3% |
| Cash at bank and in hand | 54/58 | €45,976 | €14,710 | -€31,267 | -68.0% |
| Deferred charges and accrued income | 490/1 | €4,980 | €5,079 | +€99 | +2.0% |
| Total equity and liabilities | 10/49 | €462,541 | €505,206 | +€42,666 | +9.2% |
| Equity | 10/15 | €366,992 | €341,924 | -€25,068 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €328,451 | €307,451 | -€21,000 | -6.4% |
| Tax-exempt reserves | 132 | €591 | €591 | = | 0.0% |
| Distributable reserves | 133 | €327,860 | €306,860 | -€21,000 | -6.4% |
| Profit (loss) carried forward | 14 | €15,787 | €15,873 | +€85 | +0.5% |
| Investment grants | 15 | €4,153 | - | -€4,153 | |
| Amounts payable | 17/49 | €95,549 | €163,283 | +€67,734 | +70.9% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Other amounts payable | 178/9 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,561 | €125,330 | +€67,769 | +118% |
| Trade debts | 44 | €1,487 | €3,364 | +€1,877 | +126% |
| Suppliers | 440/4 | €1,487 | €3,364 | +€1,877 | +126% |
| Advances received on contracts in progress | 46 | €1,160 | €2,173 | +€1,012 | +87.2% |
| Taxes, remuneration and social security | 45 | €79 | €1,240 | +€1,160 | +1,459% |
| Taxes | 450/3 | €79 | €1,240 | +€1,160 | +1,459% |
| Other amounts payable | 47/48 | €54,834 | €118,553 | +€63,720 | +116% |
| Accrued charges and deferred income | 492/3 | €2,988 | €2,953 | -€35 | -1.2% |
| Remuneration, social security and pensions | 62 | €39,614 | €109,062 | +€69,448 | +175% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,408 | €20,812 | +€1,404 | +7.2% |
| Other operating charges | 640/8 | €1,373 | €1,497 | +€124 | +9.0% |
| Non-recurring operating charges | 66A | - | €37 | +€37 | |
| Gross operating margin | 9900 | €131,905 | €191,170 | +€59,266 | +44.9% |
| Operating profit (loss) | 9901 | €71,510 | €59,764 | -€11,747 | -16.4% |
| Financial income | 75/76B | €3,355 | €3,756 | +€401 | +12.0% |
| Recurring financial income | 75 | €3,355 | €3,756 | +€401 | +12.0% |
| Financial charges | 65/66B | €3,356 | €3,092 | -€264 | -7.9% |
| Recurring financial charges | 65 | €3,356 | €3,092 | -€264 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €71,509 | €60,428 | -€11,082 | -15.5% |
| Income taxes | 67/77 | €20,033 | €17,343 | -€2,690 | -13.4% |
| Profit (loss) for the period | 9904 | €51,476 | €43,085 | -€8,391 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,476 | €43,085 | -€8,391 | -16.3% |
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 20 October 2026 via checked.be.