COLONA: 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.
What changed
COLONA
NACE 10.840, Manufacture of food products
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€4.5m
2025 · €3.9m+€570,934
Equity
€18.9m
2025 · €15.1m+€3.8m
Cash
€1.2m
2025 · €476,115+€773,793
Balance sheet total
€55.0m
2025 · €46.5m+€8.5m
Largest movements
Assets
- Receivables within one year +€4.2m
up €4.2m (+22.8%), from €18.3m to €22.5m
of which Trade receivables: +€4.6m
- Tangible fixed assets +€3.1m
up €3.1m (+25.7%), from €12.2m to €15.3m
of which Plant, machinery and equipment: +€3.6m
- Cash +€773,793
up €773,793 (+163%), from €476,115 to €1.2m
mainly Net result for the year (+€4.5m) and Trade debts (+€2.7m)
Equity and liabilities
- Trade debts +€2.7m
up €2.7m (+19.4%), from €13.8m to €16.4m
- Reserves +€2.0m
up €2.0m (+52.4%), from €3.8m to €5.8m
of which Tax-exempt reserves: +€1.9m
- Profit (loss) carried forward +€1.8m
up €1.8m (+16.6%), from €10.5m to €12.3m
- Short-term financial debts +€712,702
up €712,702 (+23.1%), from €3.1m to €3.8m
Income statement
- Turnover +€11.4m
up €11.4m (+10.1%), from €113.8m to €125.2m
- Goods and materials +€5.4m
up €5.4m (+7.0%), from €77.6m to €83.0m
of which Purchases: +€5.7m
- Staff costs +€1.3m
up €1.3m (+11.2%), from €11.8m to €13.1m
From the 2025 result to the 2026 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 2025
€3.9m
Turnover
+€11.4m
Other operating income
+€75,723
Goods and materials
-€5.4m
Services and other goods
-€451,870
Staff costs
-€1.3m
Depreciation
+€65,620
Write-downs
-€1.2m
Provisions
+€240,000
Other operating charges
+€1.1m
Other operating items
-€4.3m
Financial income
+€117,236
Financial charges
-€64,372
Taxes
+€195,894
Result 2026
€4.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€4.3m
Investment
-€4.5m
Financing
+€921,584
Cash 2025
€476,115
From operations (derived)
+€4.3m
Net result for the year
+€4.5m
Depreciation
+€1.5m
Stocks and contracts
-€426,549
Receivables within one year
-€4.2m
Deferred charges and accrued income
-€104,192
Provisions
-€120,000
Trade debts
+€2.7m
Tax, wage and social debts
+€201,720
Accrued charges and deferred income
+€307,095
Investment (derived)
-€4.5m
Investment in fixed assets (net)
-€4.5m
Financing
+€921,584
Debts after one year
+€380,949
Current portion of long-term debt
+€490,328
Short-term financial debts
+€712,702
Contributions, distributions and other
-€662,395
Cash 2026
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,490,994 | €54,954,065 | +€8.5m | +18.2% |
| Formation expenses | 20 | €158,345 | €88,758 | -€69,587 | -43.9% |
| Fixed assets | 21/28 | €12,474,059 | €15,527,981 | +€3.1m | +24.5% |
| Intangible fixed assets | 21 | €265,516 | €185,021 | -€80,495 | -30.3% |
| Tangible fixed assets | 22/27 | €12,208,395 | €15,342,960 | +€3.1m | +25.7% |
| Land and buildings | 22 | €7,724,823 | €8,553,854 | +€829,032 | +10.7% |
| Plant, machinery and equipment | 23 | €1,445,218 | €5,033,750 | +€3.6m | +248% |
| Furniture and vehicles | 24 | €668,767 | €862,103 | +€193,336 | +28.9% |
| Leasing and similar rights | 25 | €535,888 | €333,320 | -€202,568 | -37.8% |
| Assets under construction and advance payments | 27 | €1,833,700 | €559,933 | -€1.3m | -69.5% |
| Financial fixed assets | 28 | €149 | - | -€149 | |
| Other financial fixed assets | 284/8 | €149 | - | -€149 | |
| Amounts receivable and cash guarantees | 285/8 | €149 | - | -€149 | |
| Current assets | 29/58 | €33,858,590 | €39,337,327 | +€5.5m | +16.2% |
| Stocks and contracts in progress | 3 | €14,819,879 | €15,246,428 | +€426,549 | +2.9% |
| Stocks | 30/36 | €14,819,879 | €15,246,428 | +€426,549 | +2.9% |
| Raw materials and consumables | 30/31 | €2,702,868 | €4,540,463 | +€1.8m | +68.0% |
| Work in progress | 32 | - | €1,067,491 | +€1.1m | |
| Finished goods | 33 | €9,522,342 | €8,794,861 | -€727,481 | -7.6% |
| Goods purchased for resale | 34 | €2,594,669 | €843,613 | -€1.8m | -67.5% |
| Amounts receivable within one year | 40/41 | €18,297,950 | €22,472,152 | +€4.2m | +22.8% |
| Trade receivables | 40 | €15,724,162 | €20,334,049 | +€4.6m | +29.3% |
| Other amounts receivable | 41 | €2,573,788 | €2,138,103 | -€435,685 | -16.9% |
| Cash at bank and in hand | 54/58 | €476,115 | €1,249,908 | +€773,793 | +163% |
| Deferred charges and accrued income | 490/1 | €264,647 | €368,838 | +€104,192 | +39.4% |
| Total equity and liabilities | 10/49 | €46,490,994 | €54,954,065 | +€8.5m | +18.2% |
| Equity | 10/15 | €15,120,372 | €18,937,660 | +€3.8m | +25.2% |
| Contributions | 10/11 | €687,722 | €687,722 | = | 0.0% |
| Capital | 10 | €687,722 | €687,722 | = | 0.0% |
| Issued capital | 100 | €687,722 | €687,722 | = | 0.0% |
| Reserves | 13 | €3,778,031 | €5,756,144 | +€2.0m | +52.4% |
| Non-distributable reserves | 130/1 | €111,750 | €111,750 | = | 0.0% |
| Legal reserve | 130 | €111,750 | €111,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,118,906 | €2,991,769 | +€1.9m | +167% |
| Distributable reserves | 133 | €2,547,375 | €2,652,625 | +€105,250 | +4.1% |
| Profit (loss) carried forward | 14 | €10,539,847 | €12,291,418 | +€1.8m | +16.6% |
| Investment grants | 15 | €114,771 | €202,376 | +€87,605 | +76.3% |
| Provisions and deferred taxes | 16 | €120,000 | - | -€120,000 | |
| Provisions for liabilities and charges | 160/5 | €120,000 | - | -€120,000 | |
| Other liabilities and charges | 164/5 | €120,000 | - | -€120,000 | |
| Amounts payable | 17/49 | €31,250,622 | €36,016,405 | +€4.8m | +15.3% |
| Amounts payable after more than one year | 17 | €9,181,398 | €9,562,346 | +€380,949 | +4.1% |
| Financial debts | 170/4 | €9,181,398 | €9,562,346 | +€380,949 | +4.1% |
| Leasing and similar obligations | 172 | €243,150 | €103,689 | -€139,461 | -57.4% |
| Credit institutions | 173 | €8,938,248 | €9,458,657 | +€520,409 | +5.8% |
| Amounts payable within one year | 42/48 | €21,883,106 | €25,960,845 | +€4.1m | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €1,885,806 | €2,376,134 | +€490,328 | +26.0% |
| Financial debts | 43 | €3,087,298 | €3,800,000 | +€712,702 | +23.1% |
| Credit institutions | 430/8 | €3,087,298 | €3,800,000 | +€712,702 | +23.1% |
| Trade debts | 44 | €13,767,412 | €16,440,401 | +€2.7m | +19.4% |
| Suppliers | 440/4 | €13,767,412 | €16,440,401 | +€2.7m | +19.4% |
| Taxes, remuneration and social security | 45 | €2,155,061 | €2,356,781 | +€201,720 | +9.4% |
| Taxes | 450/3 | €92,141 | €120,899 | +€28,758 | +31.2% |
| Remuneration and social security | 454/9 | €2,062,920 | €2,235,882 | +€172,962 | +8.4% |
| Other amounts payable | 47/48 | €987,529 | €987,529 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €186,119 | €493,214 | +€307,095 | +165% |
| Operating income | 70/76A | €119,302,108 | €126,427,677 | +€7.1m | +6.0% |
| Turnover | 70 | €113,776,497 | €125,219,728 | +€11.4m | +10.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €4,833,493 | €340,010 | -€4.5m | -93.0% |
| Other operating income | 74 | €692,118 | €767,841 | +€75,723 | +10.9% |
| Non-recurring operating income | 76A | - | €100,098 | +€100,098 | |
| Operating charges | 60/66A | €113,406,723 | €120,210,115 | +€6.8m | +6.0% |
| Goods for resale, raw materials and consumables | 60 | €77,559,746 | €82,970,128 | +€5.4m | +7.0% |
| Purchases | 600/8 | €77,268,859 | €83,015,559 | +€5.7m | +7.4% |
| Change in stocks: decrease (increase) | 609 | €290,887 | -€45,430 | -€336,317 | |
| Services and other goods | 61 | €21,942,629 | €22,394,499 | +€451,870 | +2.1% |
| Remuneration, social security and pensions | 62 | €11,817,138 | €13,140,780 | +€1.3m | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,572,685 | €1,507,065 | -€65,620 | -4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,025,834 | €130,507 | +€1.2m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €120,000 | -€120,000 | -€240,000 | |
| Other operating charges | 640/8 | €1,281,444 | €187,136 | -€1.1m | -85.4% |
| Non-recurring operating charges | 66A | €138,916 | - | -€138,916 | |
| Operating profit (loss) | 9901 | €5,895,385 | €6,217,562 | +€322,176 | +5.5% |
| Financial income | 75/76B | €52,462 | €169,698 | +€117,236 | +223% |
| Recurring financial income | 75 | €52,462 | €169,698 | +€117,236 | +223% |
| Income from financial fixed assets | 750 | €22,260 | - | -€22,260 | |
| Income from current assets | 751 | €1,500 | €13,304 | +€11,804 | +787% |
| Other financial income | 752/9 | €28,701 | €156,394 | +€127,693 | +445% |
| Financial charges | 65/66B | €652,428 | €716,800 | +€64,372 | +9.9% |
| Recurring financial charges | 65 | €652,428 | €716,800 | +€64,372 | +9.9% |
| Debt charges | 650 | €612,836 | €623,995 | +€11,159 | +1.8% |
| Other financial charges | 652/9 | €39,591 | €92,805 | +€53,213 | +134% |
| Profit (loss) for the period before taxes | 9903 | €5,295,420 | €5,670,460 | +€375,040 | +7.1% |
| Income taxes | 67/77 | €1,386,670 | €1,190,776 | -€195,894 | -14.1% |
| Taxes | 670/3 | €1,386,670 | €1,190,776 | -€195,894 | -14.1% |
| Profit (loss) for the period | 9904 | €3,908,750 | €4,479,684 | +€570,934 | +14.6% |
| Transfer from tax-exempt reserves | 789 | €842,000 | €105,250 | -€736,750 | -87.5% |
| Transfer to tax-exempt reserves | 689 | €999,997 | €1,978,113 | +€978,116 | +97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,750,753 | €2,606,820 | -€1.1m | -30.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.