COLONNE & VAGANEE: 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.
COLONNE & VAGANEE
Largest movements
- Cash +€60,788
up €60,788 (+17.8%), from €341,252 to €402,040
mainly Net result for the year (+€123,426) and Other debts (+€113,148)
- Receivables within one year -€42,131
down €42,131 (-33.8%), from €124,589 to €82,457
of which Trade receivables: -€38,379
- Other debts +€113,148
up €113,148 (+148%), from €76,515 to €189,663
- Reserves -€57,894
down €57,894 (-16.2%), from €357,468 to €299,574
- Trade debts -€50,538
down €50,538 (-60.6%), from €83,438 to €32,900
- Tax, wage and social debts +€14,809
up €14,809 (+81.0%), from €18,282 to €33,091
- Debts after one year -€7,424
down €7,424 (-45.2%), from €16,423 to €8,999
- Gross operating margin +€102,735
up €102,735 (+105%), from €97,425 to €200,160
- Taxes +€30,659
up €30,659 (+133%), from €23,037 to €53,696
- Depreciation +€6,311
up €6,311 (+43.6%), from €14,475 to €20,786
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 | €571,890 | €584,248 | +€12,358 | +2.2% |
| Fixed assets | 21/28 | €104,767 | €99,366 | -€5,401 | -5.2% |
| Intangible fixed assets | 21 | €4,904 | €3,833 | -€1,071 | -21.8% |
| Tangible fixed assets | 22/27 | €97,816 | €93,512 | -€4,304 | -4.4% |
| Land and buildings | 22 | €69,268 | €64,700 | -€4,567 | -6.6% |
| Plant, machinery and equipment | 23 | €4,228 | €6,031 | +€1,803 | +42.7% |
| Furniture and vehicles | 24 | €24,320 | €22,780 | -€1,540 | -6.3% |
| Financial fixed assets | 28 | €2,047 | €2,021 | -€26 | -1.3% |
| Current assets | 29/58 | €467,123 | €484,882 | +€17,759 | +3.8% |
| Amounts receivable within one year | 40/41 | €124,589 | €82,457 | -€42,131 | -33.8% |
| Trade receivables | 40 | €101,370 | €62,991 | -€38,379 | -37.9% |
| Other amounts receivable | 41 | €23,219 | €19,467 | -€3,752 | -16.2% |
| Cash at bank and in hand | 54/58 | €341,252 | €402,040 | +€60,788 | +17.8% |
| Deferred charges and accrued income | 490/1 | €1,283 | €384 | -€899 | -70.1% |
| Total equity and liabilities | 10/49 | €571,890 | €584,248 | +€12,358 | +2.2% |
| Equity | 10/15 | €370,065 | €312,171 | -€57,894 | -15.6% |
| Contributions | 10/11 | €12,597 | €12,597 | = | 0.0% |
| Reserves | 13 | €357,468 | €299,574 | -€57,894 | -16.2% |
| Distributable reserves | 133 | €357,468 | €299,574 | -€57,894 | -16.2% |
| Amounts payable | 17/49 | €201,825 | €272,077 | +€70,252 | +34.8% |
| Amounts payable after more than one year | 17 | €16,423 | €8,999 | -€7,424 | -45.2% |
| Financial debts | 170/4 | €16,423 | €8,999 | -€7,424 | -45.2% |
| Amounts payable within one year | 42/48 | €185,402 | €263,078 | +€77,676 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €7,167 | €7,424 | +€257 | +3.6% |
| Trade debts | 44 | €83,438 | €32,900 | -€50,538 | -60.6% |
| Suppliers | 440/4 | €83,438 | €32,900 | -€50,538 | -60.6% |
| Taxes, remuneration and social security | 45 | €18,282 | €33,091 | +€14,809 | +81.0% |
| Taxes | 450/3 | €18,282 | €33,091 | +€14,809 | +81.0% |
| Other amounts payable | 47/48 | €76,515 | €189,663 | +€113,148 | +148% |
| Non-recurring operating income | 76A | €35 | €15,744 | +€15,709 | +45,468% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,475 | €20,786 | +€6,311 | +43.6% |
| Other operating charges | 640/8 | €1,427 | €928 | -€498 | -34.9% |
| Gross operating margin | 9900 | €97,425 | €200,160 | +€102,735 | +105% |
| Operating profit (loss) | 9901 | €81,524 | €178,446 | +€96,922 | +119% |
| Financial income | 75/76B | €26 | €6 | -€20 | -78.1% |
| Recurring financial income | 75 | €26 | €6 | -€20 | -78.1% |
| Financial charges | 65/66B | €2,692 | €1,329 | -€1,363 | -50.6% |
| Recurring financial charges | 65 | €2,692 | €1,329 | -€1,363 | -50.6% |
| Non-recurring financial charges | 66B | €0 | €0 | +€0 | +333% |
| Profit (loss) for the period before taxes | 9903 | €78,857 | €177,122 | +€98,265 | +125% |
| Income taxes | 67/77 | €23,037 | €53,696 | +€30,659 | +133% |
| Profit (loss) for the period | 9904 | €55,820 | €123,426 | +€67,606 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €55,820 | €123,426 | +€67,606 | +121% |
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 23 October 2026 via checked.be.