COLMENA: 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.
What changed
COLMENA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€328,511
2024 · €1.2m-€847,387
Equity
€6.4m
2024 · €6.0m+€328,511
Cash
€1.6m
2024 · €1.3m+€296,090
Balance sheet total
€8.7m
2024 · €9.9m-€1.2m
Largest movements
Assets
- Receivables within one year -€3.0m
down €3.0m (-50.3%), from €6.0m to €3.0m
of which Trade receivables: -€3.2m
- Receivables after one year +€747,822
up €747,822 (+49.8%), from €1.5m to €2.2m
- Stocks and contracts +€704,384
up €704,384 (+65.8%), from €1.1m to €1.8m
- Cash +€296,090
up €296,090 (+23.4%), from €1.3m to €1.6m
mainly Receivables within one year (+€3.0m) and Net result for the year (+€328,511)
- Deferred charges and accrued income +€108,520
up €108,520 (+382.3%), from €28,383 to €136,903
Equity and liabilities
- Trade debts -€1.4m
down €1.4m (-39.6%), from €3.5m to €2.1m
- Reserves +€328,511
up €328,511 (+5.5%), from €6.0m to €6.3m
of which Distributable reserves: +€328,511
- Debts after one year -€100,000
down €100,000 (-70.6%), from €141,667 to €41,667
Income statement
- Goods and materials +€2.0m
up €2.0m (+5.6%), from €36.7m to €38.8m
of which Purchases: +€2.4m
- Turnover +€1.0m
up €1.0m (+2.5%), from €41.8m to €42.9m
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.
Result 2024
€1.2m
Turnover
+€1.0m
Other operating income
+€41,213
Goods and materials
-€2.0m
Services and other goods
-€258,396
Staff costs
-€85,760
Depreciation
+€105,465
Other operating charges
-€1,641
Financial income
+€104,395
Financial charges
-€10,495
Taxes
+€278,718
Result 2025
€328,511
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.
From operations
+€407,352
Investment
-€11,263
Financing
-€100,000
Cash 2024
€1.3m
From operations (derived)
+€407,352
Net result for the year
+€328,511
Depreciation
+€13,383
Receivables after one year
-€747,822
Stocks and contracts
-€704,384
Receivables within one year
+€3.0m
Deferred charges and accrued income
-€108,520
Trade debts
-€1.4m
Tax, wage and social debts
+€17,182
Smaller working-capital items
+€3,486
Investment (derived)
-€11,263
Investment in fixed assets (net)
-€11,263
Financing
-€100,000
Debts after one year
-€100,000
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,893,348 | €8,736,013 | -€1.2m | -11.7% |
| Fixed assets | 21/28 | €35,712 | €33,591 | -€2,120 | -5.9% |
| Tangible fixed assets | 22/27 | €35,712 | €33,591 | -€2,120 | -5.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €35,712 | €33,591 | -€2,120 | -5.9% |
| Current assets | 29/58 | €9,857,637 | €8,702,422 | -€1.2m | -11.7% |
| Amounts receivable after more than one year | 29 | €1,501,701 | €2,249,523 | +€747,822 | +49.8% |
| Other amounts receivable | 291 | €1,501,701 | €2,249,523 | +€747,822 | +49.8% |
| Stocks and contracts in progress | 3 | €1,070,655 | €1,775,039 | +€704,384 | +65.8% |
| Stocks | 30/36 | €1,070,655 | €1,775,039 | +€704,384 | +65.8% |
| Goods purchased for resale | 34 | €1,070,655 | €1,775,039 | +€704,384 | +65.8% |
| Amounts receivable within one year | 40/41 | €5,993,998 | €2,981,968 | -€3.0m | -50.3% |
| Trade receivables | 40 | €5,687,213 | €2,506,587 | -€3.2m | -55.9% |
| Other amounts receivable | 41 | €306,785 | €475,380 | +€168,596 | +55.0% |
| Cash at bank and in hand | 54/58 | €1,262,898 | €1,558,988 | +€296,090 | +23.4% |
| Deferred charges and accrued income | 490/1 | €28,383 | €136,903 | +€108,520 | +382.3% |
| Total equity and liabilities | 10/49 | €9,893,348 | €8,736,013 | -€1.2m | -11.7% |
| Equity | 10/15 | €6,023,013 | €6,351,524 | +€328,511 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,004,413 | €6,332,924 | +€328,511 | +5.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €6,004,413 | €6,332,924 | +€328,511 | +5.5% |
| Amounts payable | 17/49 | €3,870,335 | €2,384,489 | -€1.5m | -38.4% |
| Amounts payable after more than one year | 17 | €141,667 | €41,667 | -€100,000 | -70.6% |
| Financial debts | 170/4 | €141,667 | €41,667 | -€100,000 | -70.6% |
| Credit institutions | 173 | €141,667 | €41,667 | -€100,000 | -70.6% |
| Amounts payable within one year | 42/48 | €3,727,418 | €2,342,143 | -€1.4m | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €3,549,865 | €2,143,350 | -€1.4m | -39.6% |
| Suppliers | 440/4 | €3,549,865 | €2,143,350 | -€1.4m | -39.6% |
| Advances received on contracts in progress | 46 | - | €5,209 | +€5,209 | |
| Taxes, remuneration and social security | 45 | €55,641 | €72,824 | +€17,182 | +30.9% |
| Taxes | 450/3 | €7,829 | €16,066 | +€8,236 | +105.2% |
| Remuneration and social security | 454/9 | €47,812 | €56,758 | +€8,946 | +18.7% |
| Other amounts payable | 47/48 | €21,912 | €20,760 | -€1,152 | -5.3% |
| Accrued charges and deferred income | 492/3 | €1,250 | €679 | -€571 | -45.7% |
| Operating income | 70/76A | €41,981,546 | €43,049,705 | +€1.1m | +2.5% |
| Turnover | 70 | €41,828,911 | €42,855,857 | +€1.0m | +2.5% |
| Other operating income | 74 | €152,635 | €193,848 | +€41,213 | +27.0% |
| Operating charges | 60/66A | €40,430,501 | €42,718,664 | +€2.3m | +5.7% |
| Goods for resale, raw materials and consumables | 60 | €36,745,611 | €38,793,443 | +€2.0m | +5.6% |
| Purchases | 600/8 | €37,090,099 | €39,497,827 | +€2.4m | +6.5% |
| Change in stocks: decrease (increase) | 609 | -€344,487 | -€704,384 | -€359,897 | -104.5% |
| Services and other goods | 61 | €3,300,979 | €3,559,374 | +€258,396 | +7.8% |
| Remuneration, social security and pensions | 62 | €257,260 | €343,020 | +€85,760 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,848 | €13,383 | -€105,465 | -88.7% |
| Other operating charges | 640/8 | €7,802 | €9,443 | +€1,641 | +21.0% |
| Operating profit (loss) | 9901 | €1,551,045 | €331,041 | -€1.2m | -78.7% |
| Financial income | 75/76B | €29,141 | €133,535 | +€104,395 | +358.2% |
| Recurring financial income | 75 | €29,141 | €133,535 | +€104,395 | +358.2% |
| Income from financial fixed assets | 750 | €0 | €0 | -€0 | -100.0% |
| Income from current assets | 751 | €29,100 | €127,853 | +€98,753 | +339.4% |
| Other financial income | 752/9 | €41 | €5,682 | +€5,642 | +13861.5% |
| Financial charges | 65/66B | €7,895 | €18,389 | +€10,495 | +132.9% |
| Recurring financial charges | 65 | €7,895 | €18,389 | +€10,495 | +132.9% |
| Debt charges | 650 | €7,810 | €18,066 | +€10,257 | +131.3% |
| Other financial charges | 652/9 | €85 | €323 | +€238 | +280.5% |
| Profit (loss) for the period before taxes | 9903 | €1,572,291 | €446,186 | -€1.1m | -71.6% |
| Income taxes | 67/77 | €396,394 | €117,676 | -€278,718 | -70.3% |
| Taxes | 670/3 | €396,394 | €117,676 | -€278,718 | -70.3% |
| Profit (loss) for the period | 9904 | €1,175,897 | €328,511 | -€847,387 | -72.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,175,897 | €328,511 | -€847,387 | -72.1% |
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 7 October 2026 via checked.be.