COLONEL: 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.
COLONEL
Largest movements
- Tangible fixed assets -€35,518
down €35,518 (-7.5%), from €471,655 to €436,137
- Stocks and contracts +€13,426
new in 2025: €13,426
- Cash +€11,551
up €11,551 (+7.0%), from €164,452 to €176,003
mainly Depreciation (+€37,066) and Other debts (+€35,826)
- Other debts +€35,826
up €35,826 (+858.3%), from €4,174 to €40,000
- Debts after one year -€26,807
down €26,807 (-11.0%), from €243,148 to €216,341
- Reserves -€11,800
down €11,800 (-3.3%), from €359,860 to €348,060
- Gross operating margin -€64,834
down €64,834 (-42.9%), from €150,988 to €86,154
- Taxes -€18,388
down €18,388 (-55.0%), from €33,446 to €15,059
- Financial income +€3,984
up €3,984 (+2810.0%), from €142 to €4,125
- Depreciation +€2,011
up €2,011 (+5.7%), from €35,055 to €37,066
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 | €665,788 | €657,720 | -€8,068 | -1.2% |
| Fixed assets | 21/28 | €472,015 | €436,497 | -€35,518 | -7.5% |
| Tangible fixed assets | 22/27 | €471,655 | €436,137 | -€35,518 | -7.5% |
| Land and buildings | 22 | €419,583 | €403,335 | -€16,248 | -3.9% |
| Plant, machinery and equipment | 23 | €17,776 | €14,063 | -€3,713 | -20.9% |
| Furniture and vehicles | 24 | €34,296 | €18,739 | -€15,557 | -45.4% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €193,773 | €221,223 | +€27,450 | +14.2% |
| Stocks and contracts in progress | 3 | - | €13,426 | +€13,426 | |
| Contracts in progress | 37 | - | €13,426 | +€13,426 | |
| Amounts receivable within one year | 40/41 | €28,521 | €30,626 | +€2,104 | +7.4% |
| Trade receivables | 40 | €11,270 | €6,902 | -€4,368 | -38.8% |
| Other amounts receivable | 41 | €17,251 | €23,724 | +€6,473 | +37.5% |
| Cash at bank and in hand | 54/58 | €164,452 | €176,003 | +€11,551 | +7.0% |
| Deferred charges and accrued income | 490/1 | €799 | €1,168 | +€369 | +46.1% |
| Total equity and liabilities | 10/49 | €665,788 | €657,720 | -€8,068 | -1.2% |
| Equity | 10/15 | €379,040 | €367,261 | -€11,779 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €359,860 | €348,060 | -€11,800 | -3.3% |
| Distributable reserves | 133 | €359,860 | €348,060 | -€11,800 | -3.3% |
| Profit (loss) carried forward | 14 | €580 | €601 | +€22 | +3.7% |
| Amounts payable | 17/49 | €286,748 | €290,459 | +€3,711 | +1.3% |
| Amounts payable after more than one year | 17 | €243,148 | €216,341 | -€26,807 | -11.0% |
| Financial debts | 170/4 | €243,148 | €216,341 | -€26,807 | -11.0% |
| Amounts payable within one year | 42/48 | €43,600 | €74,118 | +€30,518 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | €26,299 | €26,807 | +€508 | +1.9% |
| Trade debts | 44 | €3,751 | €3,316 | -€436 | -11.6% |
| Suppliers | 440/4 | €3,751 | €3,316 | -€436 | -11.6% |
| Taxes, remuneration and social security | 45 | €9,376 | €3,995 | -€5,381 | -57.4% |
| Taxes | 450/3 | €9,376 | €995 | -€8,381 | -89.4% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €4,174 | €40,000 | +€35,826 | +858.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,055 | €37,066 | +€2,011 | +5.7% |
| Other operating charges | 640/8 | €4,603 | €4,025 | -€578 | -12.6% |
| Gross operating margin | 9900 | €150,988 | €86,154 | -€64,834 | -42.9% |
| Operating profit (loss) | 9901 | €111,330 | €45,063 | -€66,267 | -59.5% |
| Financial income | 75/76B | €142 | €4,125 | +€3,984 | +2810.0% |
| Recurring financial income | 75 | €142 | €4,125 | +€3,984 | +2810.0% |
| Financial charges | 65/66B | €6,045 | €5,908 | -€136 | -2.3% |
| Recurring financial charges | 65 | €6,045 | €5,908 | -€136 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €105,427 | €43,280 | -€62,147 | -58.9% |
| Income taxes | 67/77 | €33,446 | €15,059 | -€18,388 | -55.0% |
| Profit (loss) for the period | 9904 | €71,980 | €28,222 | -€43,759 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,980 | €28,222 | -€43,759 | -60.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.