Colvast: 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.
Colvast
Largest movements
- Stocks and contracts +€1.4m
up €1.4m (+565.8%), from €255,529 to €1.7m
- Receivables within one year -€242,535
down €242,535 (-99.7%), from €243,344 to €810
of which Trade receivables: -€243,344
- Short-term financial debts +€1.1m
up €1.1m (+310.8%), from €365,000 to €1.5m
- Other debts +€41,140
up €41,140 (+44610.6%), from €92 to €41,232
- Trade debts +€38,045
up €38,045 (+910.1%), from €4,180 to €42,226
- Gross operating margin -€19,184
down €19,184 (-68.9%), from €27,829 to €8,646
- Financial charges +€6,310
up €6,310 (+38.8%), from €16,244 to €22,553
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 | €568,378 | €1,771,207 | +€1.2m | +211.6% |
| Formation expenses | 20 | €1,286 | €361 | -€924 | -71.9% |
| Fixed assets | 21/28 | €1,747 | €1,362 | -€385 | -22.0% |
| Tangible fixed assets | 22/27 | €1,747 | €1,362 | -€385 | -22.0% |
| Plant, machinery and equipment | 23 | €1,747 | €1,362 | -€385 | -22.0% |
| Current assets | 29/58 | €565,346 | €1,769,483 | +€1.2m | +213.0% |
| Stocks and contracts in progress | 3 | €255,529 | €1,701,276 | +€1.4m | +565.8% |
| Stocks | 30/36 | €255,529 | €1,701,276 | +€1.4m | +565.8% |
| Amounts receivable within one year | 40/41 | €243,344 | €810 | -€242,535 | -99.7% |
| Trade receivables | 40 | €243,344 | - | -€243,344 | |
| Other amounts receivable | 41 | - | €810 | +€810 | |
| Cash at bank and in hand | 54/58 | €66,182 | €67,398 | +€1,215 | +1.8% |
| Deferred charges and accrued income | 490/1 | €290 | - | -€290 | |
| Total equity and liabilities | 10/49 | €568,378 | €1,771,207 | +€1.2m | +211.6% |
| Equity | 10/15 | €95,895 | €80,154 | -€15,741 | -16.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,105 | -€19,846 | -€15,741 | -383.4% |
| Amounts payable | 17/49 | €472,483 | €1,691,052 | +€1.2m | +257.9% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €372,129 | €1,591,052 | +€1.2m | +327.6% |
| Financial debts | 43 | €365,000 | €1,499,483 | +€1.1m | +310.8% |
| Credit institutions | 430/8 | €365,000 | €1,499,483 | +€1.1m | +310.8% |
| Trade debts | 44 | €4,180 | €42,226 | +€38,045 | +910.1% |
| Suppliers | 440/4 | €4,180 | €42,226 | +€38,045 | +910.1% |
| Taxes, remuneration and social security | 45 | €2,857 | €8,112 | +€5,255 | +184.0% |
| Taxes | 450/3 | €1,357 | €6,612 | +€5,255 | +387.4% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €92 | €41,232 | +€41,140 | +44610.6% |
| Accrued charges and deferred income | 492/3 | €354 | - | -€354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,090 | €1,309 | +€219 | +20.1% |
| Other operating charges | 640/8 | €387 | €524 | +€136 | +35.2% |
| Gross operating margin | 9900 | €27,829 | €8,646 | -€19,184 | -68.9% |
| Operating profit (loss) | 9901 | €26,352 | €6,813 | -€19,539 | -74.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +120.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +120.0% |
| Financial charges | 65/66B | €16,244 | €22,553 | +€6,310 | +38.8% |
| Recurring financial charges | 65 | €16,244 | €22,553 | +€6,310 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €10,108 | -€15,741 | -€25,849 | |
| Profit (loss) for the period | 9904 | €10,108 | -€15,741 | -€25,849 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,108 | -€15,741 | -€25,849 |
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 9 October 2026 via checked.be.