Colpaert-Joos: 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.
Colpaert-Joos
Largest movements
- Current investments +€60,801
up €60,801 (+73.5%), from €82,681 to €143,481
- Cash +€22,273
up €22,273 (+92.8%), from €24,008 to €46,281
mainly Trade debts (+€63,844) and Short-term financial debts (+€40,630)
- Receivables within one year +€18,313
up €18,313 (+157%), from €11,674 to €29,987
of which Trade receivables: +€25,911
- Tangible fixed assets -€13,892
down €13,892 (-9.9%), from €139,857 to €125,965
of which Furniture and vehicles: -€9,277
- Profit (loss) carried forward -€267,558
no longer reported in 2025 (was €267,558)
- Reserves +€239,727
new in 2025: €239,727
- Trade debts +€63,844
up €63,844 (+371%), from €17,217 to €81,061
- Short-term financial debts +€40,630
up €40,630 (+247%), from €16,429 to €57,059
- Other debts +€11,987
new in 2025: €11,987
- Staff costs +€112,899
up €112,899 (+175%), from €64,459 to €177,358
- Gross operating margin +€75,954
up €75,954 (+36.4%), from €208,469 to €284,423
- Taxes -€50,206
down €50,206 (-76.4%), from €65,704 to €15,498
- Other operating charges +€26,028
up €26,028 (+337%), from €7,721 to €33,749
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 | €352,845 | €435,941 | +€83,095 | +23.6% |
| Formation expenses | 20 | €324 | €113 | -€211 | -65.2% |
| Fixed assets | 21/28 | €229,857 | €215,965 | -€13,892 | -6.0% |
| Tangible fixed assets | 22/27 | €139,857 | €125,965 | -€13,892 | -9.9% |
| Land and buildings | 22 | €65,157 | €66,068 | +€911 | +1.4% |
| Plant, machinery and equipment | 23 | €23,761 | €18,236 | -€5,525 | -23.3% |
| Furniture and vehicles | 24 | €50,939 | €41,661 | -€9,277 | -18.2% |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €122,664 | €219,863 | +€97,199 | +79.2% |
| Amounts receivable within one year | 40/41 | €11,674 | €29,987 | +€18,313 | +157% |
| Trade receivables | 40 | €4,076 | €29,987 | +€25,911 | +636% |
| Other amounts receivable | 41 | €7,598 | - | -€7,598 | |
| Current investments | 50/53 | €82,681 | €143,481 | +€60,801 | +73.5% |
| Cash at bank and in hand | 54/58 | €24,008 | €46,281 | +€22,273 | +92.8% |
| Deferred charges and accrued income | 490/1 | €4,302 | €114 | -€4,188 | -97.3% |
| Total equity and liabilities | 10/49 | €352,845 | €435,941 | +€83,095 | +23.6% |
| Equity | 10/15 | €277,558 | €249,727 | -€27,831 | -10.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €239,727 | +€239,727 | |
| Distributable reserves | 133 | - | €239,727 | +€239,727 | |
| Profit (loss) carried forward | 14 | €267,558 | - | -€267,558 | |
| Amounts payable | 17/49 | €75,288 | €186,214 | +€110,926 | +147% |
| Amounts payable after more than one year | 17 | - | €4,014 | +€4,014 | |
| Financial debts | 170/4 | - | €4,014 | +€4,014 | |
| Amounts payable within one year | 42/48 | €75,288 | €182,200 | +€106,912 | +142% |
| Financial debts | 43 | €16,429 | €57,059 | +€40,630 | +247% |
| Credit institutions | 430/8 | €16,429 | €57,059 | +€40,630 | +247% |
| Trade debts | 44 | €17,217 | €81,061 | +€63,844 | +371% |
| Suppliers | 440/4 | €17,217 | €81,061 | +€63,844 | +371% |
| Taxes, remuneration and social security | 45 | €41,642 | €32,093 | -€9,549 | -22.9% |
| Taxes | 450/3 | €36,314 | €22,962 | -€13,352 | -36.8% |
| Remuneration and social security | 454/9 | €5,328 | €9,131 | +€3,803 | +71.4% |
| Other amounts payable | 47/48 | - | €11,987 | +€11,987 | |
| Non-recurring operating income | 76A | - | €17,154 | +€17,154 | |
| Remuneration, social security and pensions | 62 | €64,459 | €177,358 | +€112,899 | +175% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,335 | €22,888 | -€1,447 | -5.9% |
| Other operating charges | 640/8 | €7,721 | €33,749 | +€26,028 | +337% |
| Gross operating margin | 9900 | €208,469 | €284,423 | +€75,954 | +36.4% |
| Operating profit (loss) | 9901 | €111,955 | €50,428 | -€61,527 | -55.0% |
| Financial income | 75/76B | €1,314 | €1,120 | -€194 | -14.8% |
| Recurring financial income | 75 | €1,314 | €1,120 | -€194 | -14.8% |
| Financial charges | 65/66B | €856 | €880 | +€24 | +2.8% |
| Recurring financial charges | 65 | €856 | €880 | +€24 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €112,413 | €50,668 | -€61,745 | -54.9% |
| Income taxes | 67/77 | €65,704 | €15,498 | -€50,206 | -76.4% |
| Profit (loss) for the period | 9904 | €46,709 | €35,169 | -€11,539 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,709 | €35,169 | -€11,539 | -24.7% |
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.