Collignon Management: 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 Management
Largest movements
- Current investments -€496,477
down €496,477 (-45.0%), from €1.1m to €607,569
- Receivables within one year +€51,825
up €51,825 (+24.9%), from €208,430 to €260,255
of which Other amounts receivable: +€32,474
- Cash -€19,970
down €19,970 (-42.4%), from €47,070 to €27,100
mainly Contributions, distributions and other (-€767,000) and Receivables within one year (-€51,825)
- Profit (loss) carried forward -€428,657
down €428,657 (-100.0%), from €428,659 to €2
- Reserves -€192,813
down €192,813 (-21.7%), from €886,613 to €693,800
of which Distributable reserves: -€192,813
- Other debts +€103,928
new in 2025: €103,928
- Tax, wage and social debts +€35,675
up €35,675 (+208%), from €17,115 to €52,791
- Financial income +€178,799
up €178,799 (+1,439%), from €12,425 to €191,225
- Taxes +€52,564
up €52,564 (+488%), from €10,769 to €63,333
- Financial charges +€5,025
up €5,025 (+205%), from €2,451 to €7,476
- Gross operating margin -€2,862
down €2,862 (-7.3%), from €39,073 to €36,211
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 | €1,502,592 | €1,027,412 | -€475,180 | -31.6% |
| Fixed assets | 21/28 | €138,593 | €129,029 | -€9,564 | -6.9% |
| Tangible fixed assets | 22/27 | €13,593 | €4,029 | -€9,564 | -70.4% |
| Plant, machinery and equipment | 23 | €973 | €828 | -€144 | -14.8% |
| Leasing and similar rights | 25 | €12,620 | €3,200 | -€9,420 | -74.6% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €1,363,999 | €898,383 | -€465,616 | -34.1% |
| Amounts receivable within one year | 40/41 | €208,430 | €260,255 | +€51,825 | +24.9% |
| Trade receivables | 40 | €0 | €19,351 | +€19,351 | |
| Other amounts receivable | 41 | €208,430 | €240,904 | +€32,474 | +15.6% |
| Current investments | 50/53 | €1,104,045 | €607,569 | -€496,477 | -45.0% |
| Cash at bank and in hand | 54/58 | €47,070 | €27,100 | -€19,970 | -42.4% |
| Deferred charges and accrued income | 490/1 | €4,454 | €3,459 | -€995 | -22.3% |
| Total equity and liabilities | 10/49 | €1,502,592 | €1,027,412 | -€475,180 | -31.6% |
| Equity | 10/15 | €1,464,403 | €842,933 | -€621,470 | -42.4% |
| Contributions | 10/11 | €149,131 | €149,131 | = | 0.0% |
| Reserves | 13 | €886,613 | €693,800 | -€192,813 | -21.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €886,613 | €693,800 | -€192,813 | -21.7% |
| Profit (loss) carried forward | 14 | €428,659 | €2 | -€428,657 | -100.0% |
| Amounts payable | 17/49 | €38,189 | €184,479 | +€146,290 | +383% |
| Amounts payable after more than one year | 17 | €3,652 | €0 | -€3,652 | -100% |
| Financial debts | 170/4 | €3,652 | €0 | -€3,652 | -100% |
| Amounts payable within one year | 42/48 | €34,537 | €180,179 | +€145,642 | +422% |
| Current portion of amounts payable after more than one year | 42 | €9,480 | €3,652 | -€5,828 | -61.5% |
| Trade debts | 44 | €7,942 | €19,809 | +€11,867 | +149% |
| Suppliers | 440/4 | €7,942 | €19,809 | +€11,867 | +149% |
| Taxes, remuneration and social security | 45 | €17,115 | €52,791 | +€35,675 | +208% |
| Taxes | 450/3 | €17,115 | €52,791 | +€35,675 | +208% |
| Other amounts payable | 47/48 | - | €103,928 | +€103,928 | |
| Accrued charges and deferred income | 492/3 | - | €4,300 | +€4,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,564 | €9,564 | = | 0.0% |
| Other operating charges | 640/8 | €1,554 | €1,532 | -€21 | -1.4% |
| Gross operating margin | 9900 | €39,073 | €36,211 | -€2,862 | -7.3% |
| Operating profit (loss) | 9901 | €27,955 | €25,114 | -€2,840 | -10.2% |
| Financial income | 75/76B | €12,425 | €191,225 | +€178,799 | +1,439% |
| Recurring financial income | 75 | €12,425 | €191,225 | +€178,799 | +1,439% |
| Financial charges | 65/66B | €2,451 | €7,476 | +€5,025 | +205% |
| Recurring financial charges | 65 | €2,451 | €7,476 | +€5,025 | +205% |
| Profit (loss) for the period before taxes | 9903 | €37,929 | €208,863 | +€170,934 | +451% |
| Income taxes | 67/77 | €10,769 | €63,333 | +€52,564 | +488% |
| Profit (loss) for the period | 9904 | €27,159 | €145,530 | +€118,370 | +436% |
| Profit (loss) for the period to be appropriated | 9905 | €27,159 | €145,530 | +€118,370 | +436% |
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 14 October 2026 via checked.be.