COLOR DESIGN: 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.
COLOR DESIGN
Largest movements
- Receivables within one year +€215,919
up €215,919 (+31.1%), from €694,981 to €910,899
of which Trade receivables: +€173,490
- Cash -€198,389
down €198,389 (-28.6%), from €694,588 to €496,199
mainly Investment in fixed assets (net) (-€382,395) and Receivables within one year (-€215,919)
- Tangible fixed assets +€166,124
up €166,124 (+10.5%), from €1.6m to €1.8m
of which Land and buildings: +€222,291
- Reserves +€304,421
up €304,421 (+15.6%), from €1.9m to €2.3m
of which Distributable reserves: +€304,421
- Debts after one year -€90,871
down €90,871 (-10.6%), from €856,031 to €765,160
- Trade debts +€80,945
up €80,945 (+7.0%), from €1.2m to €1.2m
- Gross operating margin -€240,432
down €240,432 (-12.8%), from €1.9m to €1.6m
- Staff costs -€189,279
down €189,279 (-18.0%), from €1.1m to €863,433
- Depreciation +€72,707
up €72,707 (+50.6%), from €143,564 to €216,271
- Taxes -€32,740
down €32,740 (-23.8%), from €137,359 to €104,618
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 | €6,037,507 | €6,196,247 | +€158,740 | +2.6% |
| Fixed assets | 21/28 | €4,187,877 | €4,354,000 | +€166,124 | +4.0% |
| Tangible fixed assets | 22/27 | €1,589,167 | €1,755,291 | +€166,124 | +10.5% |
| Land and buildings | 22 | €1,157,224 | €1,379,516 | +€222,291 | +19.2% |
| Plant, machinery and equipment | 23 | €39,691 | €67,185 | +€27,494 | +69.3% |
| Furniture and vehicles | 24 | €15,215 | €15,763 | +€548 | +3.6% |
| Leasing and similar rights | 25 | €377,036 | €292,827 | -€84,210 | -22.3% |
| Financial fixed assets | 28 | €2,598,710 | €2,598,710 | = | 0.0% |
| Current assets | 29/58 | €1,849,631 | €1,842,246 | -€7,384 | -0.4% |
| Stocks and contracts in progress | 3 | €445,104 | €419,858 | -€25,246 | -5.7% |
| Stocks | 30/36 | €445,104 | €419,858 | -€25,246 | -5.7% |
| Amounts receivable within one year | 40/41 | €694,981 | €910,899 | +€215,919 | +31.1% |
| Trade receivables | 40 | €569,719 | €743,209 | +€173,490 | +30.5% |
| Other amounts receivable | 41 | €125,262 | €167,691 | +€42,429 | +33.9% |
| Cash at bank and in hand | 54/58 | €694,588 | €496,199 | -€198,389 | -28.6% |
| Deferred charges and accrued income | 490/1 | €14,957 | €15,290 | +€333 | +2.2% |
| Total equity and liabilities | 10/49 | €6,037,507 | €6,196,247 | +€158,740 | +2.6% |
| Equity | 10/15 | €2,248,192 | €2,552,613 | +€304,421 | +13.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,948,192 | €2,252,613 | +€304,421 | +15.6% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,910,692 | €2,215,113 | +€304,421 | +15.9% |
| Amounts payable | 17/49 | €3,789,315 | €3,643,634 | -€145,681 | -3.8% |
| Amounts payable after more than one year | 17 | €856,031 | €765,160 | -€90,871 | -10.6% |
| Financial debts | 170/4 | €856,031 | €765,160 | -€90,871 | -10.6% |
| Amounts payable within one year | 42/48 | €2,913,149 | €2,855,213 | -€57,937 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €181,189 | €151,768 | -€29,421 | -16.2% |
| Financial debts | 43 | €1,046,531 | €1,033,614 | -€12,917 | -1.2% |
| Credit institutions | 430/8 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other loans | 439 | €46,531 | €33,614 | -€12,917 | -27.8% |
| Trade debts | 44 | €1,162,821 | €1,243,766 | +€80,945 | +7.0% |
| Suppliers | 440/4 | €1,162,821 | €1,243,766 | +€80,945 | +7.0% |
| Advances received on contracts in progress | 46 | €85,249 | €37,877 | -€47,372 | -55.6% |
| Taxes, remuneration and social security | 45 | €178,391 | €116,450 | -€61,941 | -34.7% |
| Taxes | 450/3 | €103,496 | €43,164 | -€60,331 | -58.3% |
| Remuneration and social security | 454/9 | €74,895 | €73,285 | -€1,610 | -2.1% |
| Other amounts payable | 47/48 | €258,969 | €271,739 | +€12,770 | +4.9% |
| Accrued charges and deferred income | 492/3 | €20,134 | €23,262 | +€3,127 | +15.5% |
| Remuneration, social security and pensions | 62 | €1,052,712 | €863,433 | -€189,279 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,564 | €216,271 | +€72,707 | +50.6% |
| Other operating charges | 640/8 | €25,362 | €35,314 | +€9,952 | +39.2% |
| Non-recurring operating charges | 66A | - | €42,058 | +€42,058 | |
| Gross operating margin | 9900 | €1,872,227 | €1,631,795 | -€240,432 | -12.8% |
| Operating profit (loss) | 9901 | €650,588 | €474,719 | -€175,869 | -27.0% |
| Financial income | 75/76B | €14,726 | €16,146 | +€1,419 | +9.6% |
| Recurring financial income | 75 | €14,726 | €16,146 | +€1,419 | +9.6% |
| Financial charges | 65/66B | €85,508 | €81,826 | -€3,682 | -4.3% |
| Recurring financial charges | 65 | €85,508 | €81,826 | -€3,682 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €579,806 | €409,039 | -€170,767 | -29.5% |
| Income taxes | 67/77 | €137,359 | €104,618 | -€32,740 | -23.8% |
| Profit (loss) for the period | 9904 | €442,447 | €304,421 | -€138,027 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €442,447 | €304,421 | -€138,027 | -31.2% |
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 28 October 2026 via checked.be.