COLOR +: 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.
COLOR +
Largest movements
- Cash +€28,997
up €28,997 (+23.9%), from €121,574 to €150,571
mainly Net result for the year (+€80,305) and Other debts (+€31,712)
- Stocks and contracts +€8,280
up €8,280 (+6.9%), from €119,900 to €128,180
- Other debts +€31,712
up €31,712 (+51.7%), from €61,386 to €93,098
- Debts after one year -€29,385
down €29,385 (-24.6%), from €119,457 to €90,072
- Current portion of long-term debt +€22,368
up €22,368 (+56.9%), from €39,282 to €61,650
- Profit (loss) carried forward +€20,305
up €20,305 (+8.2%), from €246,538 to €266,843
- Trade debts -€17,538
down €17,538 (-43.1%), from €40,647 to €23,109
No income-statement line moved by more than 1% of the activity.
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 | €574,258 | €610,013 | +€35,755 | +6.2% |
| Fixed assets | 21/28 | €267,971 | €264,714 | -€3,257 | -1.2% |
| Tangible fixed assets | 22/27 | €19,618 | €16,361 | -€3,257 | -16.6% |
| Land and buildings | 22 | €3,347 | €5,337 | +€1,991 | +59.5% |
| Plant, machinery and equipment | 23 | €1,332 | €996 | -€336 | -25.2% |
| Furniture and vehicles | 24 | €14,940 | €10,028 | -€4,911 | -32.9% |
| Financial fixed assets | 28 | €248,353 | €248,353 | = | 0.0% |
| Current assets | 29/58 | €306,287 | €345,299 | +€39,012 | +12.7% |
| Stocks and contracts in progress | 3 | €119,900 | €128,180 | +€8,280 | +6.9% |
| Stocks | 30/36 | €119,900 | €128,180 | +€8,280 | +6.9% |
| Amounts receivable within one year | 40/41 | €63,841 | €65,548 | +€1,707 | +2.7% |
| Trade receivables | 40 | €50,046 | €62,338 | +€12,292 | +24.6% |
| Other amounts receivable | 41 | €13,795 | €3,211 | -€10,584 | -76.7% |
| Cash at bank and in hand | 54/58 | €121,574 | €150,571 | +€28,997 | +23.9% |
| Deferred charges and accrued income | 490/1 | €971 | €999 | +€28 | +2.9% |
| Total equity and liabilities | 10/49 | €574,258 | €610,013 | +€35,755 | +6.2% |
| Equity | 10/15 | €266,998 | €287,303 | +€20,305 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €246,538 | €266,843 | +€20,305 | +8.2% |
| Amounts payable | 17/49 | €307,260 | €322,710 | +€15,450 | +5.0% |
| Amounts payable after more than one year | 17 | €119,457 | €90,072 | -€29,385 | -24.6% |
| Financial debts | 170/4 | €119,457 | €90,072 | -€29,385 | -24.6% |
| Amounts payable within one year | 42/48 | €187,802 | €232,638 | +€44,836 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €39,282 | €61,650 | +€22,368 | +56.9% |
| Trade debts | 44 | €40,647 | €23,109 | -€17,538 | -43.1% |
| Suppliers | 440/4 | €40,647 | €23,109 | -€17,538 | -43.1% |
| Advances received on contracts in progress | 46 | €4,108 | €4,108 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €42,380 | €50,672 | +€8,293 | +19.6% |
| Taxes | 450/3 | €17,855 | €22,923 | +€5,068 | +28.4% |
| Remuneration and social security | 454/9 | €24,525 | €27,750 | +€3,225 | +13.2% |
| Other amounts payable | 47/48 | €61,386 | €93,098 | +€31,712 | +51.7% |
| Remuneration, social security and pensions | 62 | €187,243 | €186,440 | -€803 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,043 | €11,880 | +€2,836 | +31.4% |
| Other operating charges | 640/8 | €1,021 | €719 | -€302 | -29.5% |
| Gross operating margin | 9900 | €315,985 | €318,506 | +€2,520 | +0.8% |
| Operating profit (loss) | 9901 | €118,678 | €119,467 | +€789 | +0.7% |
| Financial income | 75/76B | €92 | €5 | -€86 | -94.1% |
| Recurring financial income | 75 | €92 | €5 | -€86 | -94.1% |
| Financial charges | 65/66B | €6,283 | €6,271 | -€12 | -0.2% |
| Recurring financial charges | 65 | €6,283 | €6,271 | -€12 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €112,486 | €113,201 | +€715 | +0.6% |
| Income taxes | 67/77 | €30,023 | €32,896 | +€2,873 | +9.6% |
| Profit (loss) for the period | 9904 | €82,463 | €80,305 | -€2,158 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,463 | €80,305 | -€2,158 | -2.6% |
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 8 October 2026 via checked.be.