COLPEN: what changed
Two fiscal 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.
COLPEN
Largest movements
- Stocks and contracts -€4,478
down €4,478 (-71.8%), from €6,234 to €1,756
- Intangible fixed assets -€3,500
down €3,500 (-25.0%), from €14,000 to €10,500
- Cash -€2,990
down €2,990 (-54.9%), from €5,445 to €2,455
mainly Net result for the year (-€11,875) and Trade debts (-€387)
- Receivables within one year -€1,225
no longer reported in 2025 (was €1,225)
- Profit (loss) carried forward -€11,875
down €11,875 (-63.5%), from -€18,701 to -€30,576
- Trade debts -€387
no longer reported in 2025 (was €387)
- Gross operating margin -€9,271
down €9,271, from €1,584 to -€7,687
- Other operating charges -€1,094
down €1,094 (-64.0%), from €1,710 to €615
- Financial charges -€185
down €185 (-71.9%), from €257 to €72
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.
Cash bridge derived
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 | €26,904 | €14,711 | -€12,193 | -45.3% |
| Fixed assets | 21/28 | €14,000 | €10,500 | -€3,500 | -25.0% |
| Intangible fixed assets | 21 | €14,000 | €10,500 | -€3,500 | -25.0% |
| Current assets | 29/58 | €12,904 | €4,211 | -€8,693 | -67.4% |
| Stocks and contracts in progress | 3 | €6,234 | €1,756 | -€4,478 | -71.8% |
| Stocks | 30/36 | €6,234 | €1,756 | -€4,478 | -71.8% |
| Amounts receivable within one year | 40/41 | €1,225 | - | -€1,225 | |
| Trade receivables | 40 | €1,225 | - | -€1,225 | |
| Cash at bank and in hand | 54/58 | €5,445 | €2,455 | -€2,990 | -54.9% |
| Total equity and liabilities | 10/49 | €26,904 | €14,711 | -€12,193 | -45.3% |
| Equity | 10/15 | -€12,501 | -€24,376 | -€11,875 | -95.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,701 | -€30,576 | -€11,875 | -63.5% |
| Amounts payable | 17/49 | €39,405 | €39,087 | -€318 | -0.8% |
| Amounts payable within one year | 42/48 | €39,405 | €39,087 | -€318 | -0.8% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Other amounts payable | 47/48 | €39,018 | €39,087 | +€69 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €3,500 | = | 0.0% |
| Other operating charges | 640/8 | €1,710 | €615 | -€1,094 | -64.0% |
| Gross operating margin | 9900 | €1,584 | -€7,687 | -€9,271 | |
| Operating profit (loss) | 9901 | -€3,626 | -€11,803 | -€8,177 | -225.5% |
| Financial charges | 65/66B | €257 | €72 | -€185 | -71.9% |
| Recurring financial charges | 65 | €257 | €72 | -€185 | -71.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,882 | -€11,875 | -€7,993 | -205.9% |
| Profit (loss) for the period | 9904 | -€3,882 | -€11,875 | -€7,993 | -205.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,882 | -€11,875 | -€7,993 | -205.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.