COLMAX Management: 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.
COLMAX Management
Largest movements
- Current investments -€50,000
down €50,000 (-14.3%), from €350,000 to €300,000
- Tangible fixed assets -€29,746
down €29,746 (-7.7%), from €388,598 to €358,852
of which Furniture and vehicles: -€15,996
- Cash -€12,130
down €12,130 (-17.5%), from €69,470 to €57,340
mainly Contributions, distributions and other (-€98,033) and Tax, wage and social debts (-€56,524)
- Receivables within one year +€9,955
up €9,955 (+19.0%), from €52,393 to €62,348
of which Other amounts receivable: +€42,625
- Reserves -€73,139
down €73,139 (-10.7%), from €680,574 to €607,435
- Tax, wage and social debts -€56,524
down €56,524 (-81.8%), from €69,129 to €12,605
of which Taxes: -€40,434
- Other debts +€49,626
up €49,626 (+79.5%), from €62,460 to €112,086
- Gross operating margin -€248,949
down €248,949 (-79.4%), from €313,692 to €64,743
- Staff costs -€75,072
no longer reported in 2025 (was €75,072)
- Taxes -€51,968
down €51,968 (-83.0%), from €62,609 to €10,641
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 | €863,813 | €781,163 | -€82,650 | -9.6% |
| Fixed assets | 21/28 | €388,629 | €358,883 | -€29,746 | -7.7% |
| Tangible fixed assets | 22/27 | €388,598 | €358,852 | -€29,746 | -7.7% |
| Land and buildings | 22 | €333,988 | €320,238 | -€13,750 | -4.1% |
| Furniture and vehicles | 24 | €54,610 | €38,614 | -€15,996 | -29.3% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €475,184 | €422,280 | -€52,904 | -11.1% |
| Amounts receivable within one year | 40/41 | €52,393 | €62,348 | +€9,955 | +19.0% |
| Trade receivables | 40 | €52,393 | €19,723 | -€32,670 | -62.4% |
| Other amounts receivable | 41 | - | €42,625 | +€42,625 | |
| Current investments | 50/53 | €350,000 | €300,000 | -€50,000 | -14.3% |
| Cash at bank and in hand | 54/58 | €69,470 | €57,340 | -€12,130 | -17.5% |
| Deferred charges and accrued income | 490/1 | €3,321 | €2,592 | -€729 | -22.0% |
| Total equity and liabilities | 10/49 | €863,813 | €781,163 | -€82,650 | -9.6% |
| Equity | 10/15 | €692,974 | €619,835 | -€73,139 | -10.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €680,574 | €607,435 | -€73,139 | -10.7% |
| Distributable reserves | 133 | €680,574 | €607,435 | -€73,139 | -10.7% |
| Amounts payable | 17/49 | €170,839 | €161,328 | -€9,511 | -5.6% |
| Amounts payable within one year | 42/48 | €170,839 | €161,328 | -€9,511 | -5.6% |
| Trade debts | 44 | €39,250 | €36,637 | -€2,613 | -6.7% |
| Suppliers | 440/4 | €39,250 | €36,637 | -€2,613 | -6.7% |
| Taxes, remuneration and social security | 45 | €69,129 | €12,605 | -€56,524 | -81.8% |
| Taxes | 450/3 | €53,039 | €12,605 | -€40,434 | -76.2% |
| Remuneration and social security | 454/9 | €16,090 | - | -€16,090 | |
| Other amounts payable | 47/48 | €62,460 | €112,086 | +€49,626 | +79.5% |
| Remuneration, social security and pensions | 62 | €75,072 | - | -€75,072 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,746 | €29,746 | = | 0.0% |
| Other operating charges | 640/8 | €4,200 | €2,424 | -€1,776 | -42.3% |
| Gross operating margin | 9900 | €313,692 | €64,743 | -€248,949 | -79.4% |
| Operating profit (loss) | 9901 | €204,674 | €32,573 | -€172,101 | -84.1% |
| Financial income | 75/76B | €5,192 | €3,673 | -€1,519 | -29.3% |
| Recurring financial income | 75 | €5,192 | €3,673 | -€1,519 | -29.3% |
| Financial charges | 65/66B | €648 | €711 | +€63 | +9.7% |
| Recurring financial charges | 65 | €648 | €711 | +€63 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €209,218 | €35,535 | -€173,683 | -83.0% |
| Income taxes | 67/77 | €62,609 | €10,641 | -€51,968 | -83.0% |
| Profit (loss) for the period | 9904 | €146,609 | €24,894 | -€121,715 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €146,609 | €24,894 | -€121,715 | -83.0% |
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 4 October 2026 via checked.be.