COLUMBUS MANAGEMENT: 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.
COLUMBUS MANAGEMENT
Largest movements
- Cash -€45,513
down €45,513 (-54.4%), from €83,703 to €38,190
mainly Net result for the year (-€36,569) and Receivables within one year (-€34,607)
- Receivables within one year +€34,607
up €34,607 (+497.6%), from €6,955 to €41,561
of which Other amounts receivable: +€39,293
- Tangible fixed assets -€24,378
down €24,378 (-10.1%), from €242,268 to €217,891
- Stocks and contracts -€7,947
down €7,947 (-57.4%), from €13,845 to €5,897
- Deferred charges and accrued income -€7,039
down €7,039 (-65.3%), from €10,777 to €3,738
- Reserves -€36,569
down €36,569 (-17.3%), from €211,966 to €175,397
- Other debts -€24,245
down €24,245 (-34.4%), from €70,511 to €46,266
- Tax, wage and social debts +€13,629
up €13,629 (+45874.2%), from €30 to €13,659
- Gross operating margin +€20,318
up €20,318 (+74.6%), from -€27,230 to -€6,912
- Depreciation +€2,567
up €2,567 (+10.7%), from €23,938 to €26,505
- Other operating charges -€826
down €826 (-21.4%), from €3,864 to €3,038
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 | €482,050 | €434,279 | -€47,771 | -9.9% |
| Fixed assets | 21/28 | €354,268 | €332,391 | -€21,878 | -6.2% |
| Intangible fixed assets | 21 | €12,000 | €12,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €242,268 | €217,891 | -€24,378 | -10.1% |
| Land and buildings | 22 | €179,888 | €172,303 | -€7,584 | -4.2% |
| Plant, machinery and equipment | 23 | €8,616 | €3,936 | -€4,680 | -54.3% |
| Furniture and vehicles | 24 | €53,764 | €41,651 | -€12,113 | -22.5% |
| Financial fixed assets | 28 | €100,000 | €102,500 | +€2,500 | +2.5% |
| Current assets | 29/58 | €127,781 | €101,889 | -€25,893 | -20.3% |
| Stocks and contracts in progress | 3 | €13,845 | €5,897 | -€7,947 | -57.4% |
| Stocks | 30/36 | €13,845 | €5,897 | -€7,947 | -57.4% |
| Amounts receivable within one year | 40/41 | €6,955 | €41,561 | +€34,607 | +497.6% |
| Trade receivables | 40 | €5,604 | €918 | -€4,686 | -83.6% |
| Other amounts receivable | 41 | €1,351 | €40,643 | +€39,293 | +2909.3% |
| Current investments | 50/53 | €12,501 | €12,501 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €83,703 | €38,190 | -€45,513 | -54.4% |
| Deferred charges and accrued income | 490/1 | €10,777 | €3,738 | -€7,039 | -65.3% |
| Total equity and liabilities | 10/49 | €482,050 | €434,279 | -€47,771 | -9.9% |
| Equity | 10/15 | €410,566 | €373,997 | -€36,569 | -8.9% |
| Contributions | 10/11 | €198,600 | €198,600 | = | 0.0% |
| Reserves | 13 | €211,966 | €175,397 | -€36,569 | -17.3% |
| Distributable reserves | 133 | €211,966 | €175,397 | -€36,569 | -17.3% |
| Amounts payable | 17/49 | €71,484 | €60,282 | -€11,202 | -15.7% |
| Amounts payable within one year | 42/48 | €71,484 | €60,282 | -€11,202 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €944 | €357 | -€586 | -62.1% |
| Suppliers | 440/4 | €944 | €357 | -€586 | -62.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €30 | €13,659 | +€13,629 | +45874.2% |
| Taxes | 450/3 | €30 | €13,659 | +€13,629 | +45874.2% |
| Other amounts payable | 47/48 | €70,511 | €46,266 | -€24,245 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,938 | €26,505 | +€2,567 | +10.7% |
| Other operating charges | 640/8 | €3,864 | €3,038 | -€826 | -21.4% |
| Gross operating margin | 9900 | -€27,230 | -€6,912 | +€20,318 | +74.6% |
| Operating profit (loss) | 9901 | -€55,032 | -€36,455 | +€18,577 | +33.8% |
| Financial income | 75/76B | €60 | €105 | +€45 | +74.6% |
| Recurring financial income | 75 | €60 | €105 | +€45 | +74.6% |
| Financial charges | 65/66B | €416 | €219 | -€198 | -47.5% |
| Recurring financial charges | 65 | €416 | €219 | -€198 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | -€55,388 | -€36,569 | +€18,819 | +34.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€55,388 | -€36,569 | +€18,819 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,388 | -€36,569 | +€18,819 | +34.0% |
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 6 October 2026 via checked.be.