COLPAERT RIK: 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.
What changed
COLPAERT RIK
NACE 55.300, Accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€239,143
2024 · €137,949+€101,194
Equity
€1.3m
2024 · €994,155+€263,823
Cash
€76,701
2024 · €96,026-€19,325
Balance sheet total
€2.5m
2024 · €1.3m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+122%), from €891,979 to €2.0m
of which Land and buildings: +€1.0m
- Current investments +€77,000
up €77,000 (+29.9%), from €257,897 to €334,897
Equity and liabilities
- Contributions +€1.0m
up €1.0m (+2,278%), from €45,000 to €1.1m
- Debts after one year +€891,536
up €891,536 (+780%), from €114,254 to €1.0m
of which Other amounts payable: +€927,134
- Reserves -€761,177
down €761,177 (-80.2%), from €949,155 to €187,978
of which Distributable reserves: -€803,145
Income statement
- Gross operating margin +€153,502
up €153,502 (+37.3%), from €411,056 to €564,557
- Financial charges +€19,002
up €19,002 (+328%), from €5,793 to €24,795
- Depreciation +€8,977
up €8,977 (+9.6%), from €93,815 to €102,792
- Taxes +€7,815
up €7,815 (+39.0%), from €20,060 to €27,876
- Other operating charges +€7,004
up €7,004 (+5.6%), from €125,160 to €132,164
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.
Result 2024
€137,949
Gross operating margin
+€153,502
Staff costs
-€597
Depreciation
-€8,977
Other operating charges
-€7,004
Other operating items
-€534
Financial income
+€5,951
Financial charges
-€19,002
Taxes
-€7,815
Deferred taxes and other
-€14,329
Result 2025
€239,143
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€335,225
Investment
-€1.3m
Financing
+€911,814
Cash 2024
€96,026
From operations (derived)
+€335,225
Net result for the year
+€239,143
Depreciation
+€102,792
Stocks and contracts
-€14,404
Receivables within one year
+€4,113
Smaller working-capital items
+€210
Provisions
+€13,989
Trade debts
-€7,760
Advances received
-€6,682
Other debts
+€3,825
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.2m
Current investments
-€77,000
Financing
+€911,814
Debts after one year
+€891,536
Current portion of long-term debt
-€4,401
Contributions, distributions and other
+€24,680
Cash 2025
€76,701
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,317,639 | €2,470,296 | +€1.2m | +87.5% |
| Fixed assets | 21/28 | €897,046 | €1,983,618 | +€1.1m | +121% |
| Intangible fixed assets | 21 | €5,067 | €3,643 | -€1,424 | -28.1% |
| Tangible fixed assets | 22/27 | €891,979 | €1,979,975 | +€1.1m | +122% |
| Land and buildings | 22 | €395,989 | €1,411,801 | +€1.0m | +257% |
| Plant, machinery and equipment | 23 | €464,721 | €547,446 | +€82,724 | +17.8% |
| Furniture and vehicles | 24 | €4,562 | €2,908 | -€1,655 | -36.3% |
| Leasing and similar rights | 25 | €26,707 | €17,821 | -€8,886 | -33.3% |
| Current assets | 29/58 | €420,593 | €486,678 | +€66,084 | +15.7% |
| Stocks and contracts in progress | 3 | €1,139 | €15,544 | +€14,404 | +1,264% |
| Stocks | 30/36 | €1,139 | €15,544 | +€14,404 | +1,264% |
| Amounts receivable within one year | 40/41 | €62,423 | €58,309 | -€4,113 | -6.6% |
| Trade receivables | 40 | €26,626 | €3,734 | -€22,892 | -86.0% |
| Other amounts receivable | 41 | €35,796 | €54,575 | +€18,779 | +52.5% |
| Current investments | 50/53 | €257,897 | €334,897 | +€77,000 | +29.9% |
| Cash at bank and in hand | 54/58 | €96,026 | €76,701 | -€19,325 | -20.1% |
| Deferred charges and accrued income | 490/1 | €3,109 | €1,227 | -€1,882 | -60.5% |
| Total equity and liabilities | 10/49 | €1,317,639 | €2,470,296 | +€1.2m | +87.5% |
| Equity | 10/15 | €994,155 | €1,257,978 | +€263,823 | +26.5% |
| Contributions | 10/11 | €45,000 | €1,070,000 | +€1.0m | +2,278% |
| Reserves | 13 | €949,155 | €187,978 | -€761,177 | -80.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €7,260 | €49,228 | +€41,968 | +578% |
| Distributable reserves | 133 | €941,895 | €138,750 | -€803,145 | -85.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €2,420 | €16,409 | +€13,989 | +578% |
| Deferred taxes | 168 | €2,420 | €16,409 | +€13,989 | +578% |
| Amounts payable | 17/49 | €321,064 | €1,195,909 | +€874,845 | +272% |
| Amounts payable after more than one year | 17 | €114,254 | €1,005,790 | +€891,536 | +780% |
| Financial debts | 170/4 | €93,970 | €58,373 | -€35,598 | -37.9% |
| Other amounts payable | 178/9 | €20,284 | €947,418 | +€927,134 | +4,571% |
| Amounts payable within one year | 42/48 | €204,303 | €186,658 | -€17,645 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €39,999 | €35,598 | -€4,401 | -11.0% |
| Trade debts | 44 | €33,751 | €25,991 | -€7,760 | -23.0% |
| Suppliers | 440/4 | €33,751 | €25,991 | -€7,760 | -23.0% |
| Advances received on contracts in progress | 46 | €16,549 | €9,867 | -€6,682 | -40.4% |
| Taxes, remuneration and social security | 45 | €7,624 | €4,998 | -€2,626 | -34.4% |
| Taxes | 450/3 | €2,996 | €1,020 | -€1,976 | -66.0% |
| Remuneration and social security | 454/9 | €4,628 | €3,978 | -€650 | -14.0% |
| Other amounts payable | 47/48 | €106,380 | €110,205 | +€3,825 | +3.6% |
| Accrued charges and deferred income | 492/3 | €2,506 | €3,461 | +€955 | +38.1% |
| Non-recurring operating income | 76A | €0 | €57,459 | +€57,459 | |
| Remuneration, social security and pensions | 62 | €32,225 | €32,822 | +€597 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,815 | €102,792 | +€8,977 | +9.6% |
| Other operating charges | 640/8 | €125,160 | €132,164 | +€7,004 | +5.6% |
| Non-recurring operating charges | 66A | - | €534 | +€534 | |
| Gross operating margin | 9900 | €411,056 | €564,557 | +€153,502 | +37.3% |
| Operating profit (loss) | 9901 | €159,856 | €296,246 | +€136,390 | +85.3% |
| Financial income | 75/76B | €3,606 | €9,557 | +€5,951 | +165% |
| Recurring financial income | 75 | €3,606 | €9,557 | +€5,951 | +165% |
| Financial charges | 65/66B | €5,793 | €24,795 | +€19,002 | +328% |
| Recurring financial charges | 65 | €5,793 | €24,795 | +€19,002 | +328% |
| Profit (loss) for the period before taxes | 9903 | €157,669 | €281,007 | +€123,338 | +78.2% |
| Transfer from deferred taxes | 780 | €340 | €376 | +€36 | +10.6% |
| Transfer to deferred taxes | 680 | - | €14,365 | +€14,365 | |
| Income taxes | 67/77 | €20,060 | €27,876 | +€7,815 | +39.0% |
| Profit (loss) for the period | 9904 | €137,949 | €239,143 | +€101,194 | +73.4% |
| Transfer from tax-exempt reserves | 789 | €1,019 | €1,127 | +€108 | +10.6% |
| Transfer to tax-exempt reserves | 689 | - | €43,094 | +€43,094 | |
| Profit (loss) for the period to be appropriated | 9905 | €138,967 | €197,175 | +€58,208 | +41.9% |
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 31 October 2026 via checked.be.