COLOR & MOI: 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 & MOI
Largest movements
- Stocks and contracts -€24,270
down €24,270 (-23.7%), from €102,597 to €78,327
- Cash +€17,196
up €17,196 (+34.6%), from €49,694 to €66,890
mainly Stocks and contracts (+€24,270) and Receivables within one year (+€8,927)
- Receivables within one year -€8,927
down €8,927 (-61.0%), from €14,636 to €5,709
- Reserves -€12,000
down €12,000 (-7.8%), from €153,810 to €141,810
of which Distributable reserves: -€12,000
- Profit (loss) carried forward -€4,305
down €4,305 (-19.8%), from -€21,729 to -€26,034
- Gross operating margin +€19,632
up €19,632, from -€19,479 to €153
- Other operating charges +€525
up €525 (+58.9%), from €892 to €1,417
- Taxes +€275
new in 2025: €275
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 | €175,465 | €158,202 | -€17,263 | -9.8% |
| Fixed assets | 21/28 | €8,087 | €6,880 | -€1,207 | -14.9% |
| Tangible fixed assets | 22/27 | €3,339 | €2,380 | -€960 | -28.7% |
| Land and buildings | 22 | €2,523 | €1,842 | -€682 | -27.0% |
| Furniture and vehicles | 24 | €816 | €538 | -€278 | -34.1% |
| Financial fixed assets | 28 | €4,748 | €4,500 | -€248 | -5.2% |
| Current assets | 29/58 | €167,378 | €151,322 | -€16,056 | -9.6% |
| Stocks and contracts in progress | 3 | €102,597 | €78,327 | -€24,270 | -23.7% |
| Stocks | 30/36 | €102,597 | €78,327 | -€24,270 | -23.7% |
| Amounts receivable within one year | 40/41 | €14,636 | €5,709 | -€8,927 | -61.0% |
| Trade receivables | 40 | €14,636 | €5,709 | -€8,927 | -61.0% |
| Cash at bank and in hand | 54/58 | €49,694 | €66,890 | +€17,196 | +34.6% |
| Deferred charges and accrued income | 490/1 | €450 | €396 | -€54 | -12.1% |
| Total equity and liabilities | 10/49 | €175,465 | €158,202 | -€17,263 | -9.8% |
| Equity | 10/15 | €150,681 | €134,376 | -€16,305 | -10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,810 | €141,810 | -€12,000 | -7.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €151,950 | €139,950 | -€12,000 | -7.9% |
| Profit (loss) carried forward | 14 | -€21,729 | -€26,034 | -€4,305 | -19.8% |
| Amounts payable | 17/49 | €24,784 | €23,826 | -€958 | -3.9% |
| Amounts payable within one year | 42/48 | €24,784 | €23,826 | -€958 | -3.9% |
| Trade debts | 44 | €2,198 | €722 | -€1,476 | -67.1% |
| Suppliers | 440/4 | €2,198 | €722 | -€1,476 | -67.1% |
| Taxes, remuneration and social security | 45 | €4,309 | €4,269 | -€40 | -0.9% |
| Taxes | 450/3 | €4,309 | €4,269 | -€40 | -0.9% |
| Other amounts payable | 47/48 | €18,276 | €18,834 | +€558 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,030 | €960 | -€70 | -6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,283 | €1,223 | -€60 | -4.7% |
| Other operating charges | 640/8 | €892 | €1,417 | +€525 | +58.9% |
| Gross operating margin | 9900 | -€19,479 | €153 | +€19,632 | |
| Operating profit (loss) | 9901 | -€22,684 | -€3,447 | +€19,237 | +84.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €543 | €584 | +€41 | +7.6% |
| Recurring financial charges | 65 | €543 | €584 | +€41 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,226 | -€4,030 | +€19,196 | +82.6% |
| Income taxes | 67/77 | - | €275 | +€275 | |
| Profit (loss) for the period | 9904 | -€23,226 | -€4,305 | +€18,922 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,226 | -€4,305 | +€18,922 | +81.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.