COLOR PAINT: 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 PAINT
Largest movements
- Receivables within one year -€194,276
down €194,276 (-89.9%), from €215,996 to €21,720
of which Trade receivables: -€182,703
- Current investments +€150,000
new in 2025: €150,000
- Tangible fixed assets -€17,369
down €17,369 (-33.7%), from €51,467 to €34,098
of which Furniture and vehicles: -€9,363
- Cash +€8,904
up €8,904 (+20.1%), from €44,204 to €53,107
mainly Receivables within one year (+€194,276) and Net result for the year (+€38,638)
- Trade debts -€32,789
down €32,789 (-80.7%), from €40,634 to €7,844
- Other debts -€32,421
down €32,421 (-27.3%), from €118,620 to €86,199
- Profit (loss) carried forward +€19,679
up €19,679, from -€15,679 to €4,000
- Reserves +€18,959
up €18,959 (+19.7%), from €96,115 to €115,074
- Debts after one year -€10,773
down €10,773 (-39.4%), from €27,344 to €16,571
- Staff costs -€66,386
down €66,386, from €59,779 to -€6,606
- Gross operating margin +€26,546
up €26,546 (+96.3%), from €27,568 to €54,114
- Other operating charges -€17,869
down €17,869 (-91.5%), from €19,540 to €1,671
- Financial income -€1,984
down €1,984 (-99.9%), from €1,986 to €2
- Financial charges -€1,889
down €1,889 (-48.3%), from €3,913 to €2,024
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 | €313,521 | €262,186 | -€51,335 | -16.4% |
| Fixed assets | 21/28 | €51,467 | €34,098 | -€17,369 | -33.7% |
| Tangible fixed assets | 22/27 | €51,467 | €34,098 | -€17,369 | -33.7% |
| Plant, machinery and equipment | 23 | €865 | €283 | -€582 | -67.3% |
| Furniture and vehicles | 24 | €20,905 | €11,542 | -€9,363 | -44.8% |
| Leasing and similar rights | 25 | €29,697 | €22,273 | -€7,424 | -25.0% |
| Current assets | 29/58 | €262,054 | €228,088 | -€33,965 | -13.0% |
| Amounts receivable within one year | 40/41 | €215,996 | €21,720 | -€194,276 | -89.9% |
| Trade receivables | 40 | €196,026 | €13,323 | -€182,703 | -93.2% |
| Other amounts receivable | 41 | €19,971 | €8,397 | -€11,574 | -58.0% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €44,204 | €53,107 | +€8,904 | +20.1% |
| Deferred charges and accrued income | 490/1 | €1,854 | €3,261 | +€1,408 | +75.9% |
| Total equity and liabilities | 10/49 | €313,521 | €262,186 | -€51,335 | -16.4% |
| Equity | 10/15 | €100,435 | €139,074 | +€38,638 | +38.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €96,115 | €115,074 | +€18,959 | +19.7% |
| Distributable reserves | 133 | €96,115 | €115,074 | +€18,959 | +19.7% |
| Profit (loss) carried forward | 14 | -€15,679 | €4,000 | +€19,679 | |
| Amounts payable | 17/49 | €213,085 | €123,112 | -€89,973 | -42.2% |
| Amounts payable after more than one year | 17 | €27,344 | €16,571 | -€10,773 | -39.4% |
| Financial debts | 170/4 | €27,344 | €16,571 | -€10,773 | -39.4% |
| Amounts payable within one year | 42/48 | €185,729 | €106,541 | -€79,187 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €15,504 | €10,773 | -€4,731 | -30.5% |
| Trade debts | 44 | €40,634 | €7,844 | -€32,789 | -80.7% |
| Suppliers | 440/4 | €40,634 | €7,844 | -€32,789 | -80.7% |
| Taxes, remuneration and social security | 45 | €10,971 | €1,724 | -€9,247 | -84.3% |
| Taxes | 450/3 | €4,240 | €1,724 | -€2,516 | -59.3% |
| Remuneration and social security | 454/9 | €6,731 | - | -€6,731 | |
| Other amounts payable | 47/48 | €118,620 | €86,199 | -€32,421 | -27.3% |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Remuneration, social security and pensions | 62 | €59,779 | -€6,606 | -€66,386 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,191 | €16,584 | +€393 | +2.4% |
| Other operating charges | 640/8 | €19,540 | €1,671 | -€17,869 | -91.5% |
| Gross operating margin | 9900 | €27,568 | €54,114 | +€26,546 | +96.3% |
| Operating profit (loss) | 9901 | -€67,942 | €42,466 | +€110,408 | |
| Financial income | 75/76B | €1,986 | €2 | -€1,984 | -99.9% |
| Recurring financial income | 75 | €1,986 | €2 | -€1,984 | -99.9% |
| Financial charges | 65/66B | €3,913 | €2,024 | -€1,889 | -48.3% |
| Recurring financial charges | 65 | €3,913 | €2,024 | -€1,889 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | -€69,869 | €40,444 | +€110,313 | |
| Income taxes | 67/77 | €160 | €1,805 | +€1,646 | +1,031% |
| Profit (loss) for the period | 9904 | -€70,029 | €38,638 | +€108,667 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,029 | €38,638 | +€108,667 |
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 17 October 2026 via checked.be.