COLVERCO: 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.
COLVERCO
Largest movements
- Tangible fixed assets -€10,300
down €10,300 (-3.8%), from €270,269 to €259,969
of which Land and buildings: -€11,038
- Cash +€5,309
up €5,309 (+670.8%), from €791 to €6,100
mainly Depreciation (+€11,342) and Net result for the year (+€9,294)
- Other debts -€21,995
down €21,995 (-21.7%), from €101,139 to €79,143
- Reserves +€9,286
up €9,286 (+11.3%), from €82,268 to €91,554
of which Distributable reserves: +€14,250
- Tax, wage and social debts +€8,490
up €8,490 (+158.3%), from €5,363 to €13,853
- Gross operating margin +€14,335
up €14,335 (+84.3%), from €16,995 to €31,329
- Taxes +€5,689
up €5,689 (+210.0%), from €2,709 to €8,398
- Other operating charges -€2,167
down €2,167 (-36.5%), from €5,929 to €3,763
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 | €281,014 | €277,410 | -€3,604 | -1.3% |
| Fixed assets | 21/28 | €270,269 | €259,969 | -€10,300 | -3.8% |
| Tangible fixed assets | 22/27 | €270,269 | €259,969 | -€10,300 | -3.8% |
| Land and buildings | 22 | €270,045 | €259,007 | -€11,038 | -4.1% |
| Furniture and vehicles | 24 | €224 | €962 | +€738 | +328.8% |
| Current assets | 29/58 | €10,745 | €17,441 | +€6,696 | +62.3% |
| Amounts receivable within one year | 40/41 | €8,901 | €9,989 | +€1,088 | +12.2% |
| Trade receivables | 40 | €8,901 | €9,989 | +€1,088 | +12.2% |
| Cash at bank and in hand | 54/58 | €791 | €6,100 | +€5,309 | +670.8% |
| Deferred charges and accrued income | 490/1 | €1,053 | €1,353 | +€300 | +28.5% |
| Total equity and liabilities | 10/49 | €281,014 | €277,410 | -€3,604 | -1.3% |
| Equity | 10/15 | €148,976 | €158,271 | +€9,294 | +6.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €82,268 | €91,554 | +€9,286 | +11.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,118 | €71,154 | -€4,964 | -6.5% |
| Distributable reserves | 133 | - | €14,250 | +€14,250 | |
| Profit (loss) carried forward | 14 | €5,209 | €5,217 | +€8 | +0.2% |
| Provisions and deferred taxes | 16 | €25,373 | €23,718 | -€1,655 | -6.5% |
| Deferred taxes | 168 | €25,373 | €23,718 | -€1,655 | -6.5% |
| Amounts payable | 17/49 | €106,665 | €95,422 | -€11,244 | -10.5% |
| Amounts payable within one year | 42/48 | €106,665 | €95,422 | -€11,244 | -10.5% |
| Trade debts | 44 | €164 | €2,426 | +€2,262 | +1381.0% |
| Suppliers | 440/4 | €164 | €2,426 | +€2,262 | +1381.0% |
| Taxes, remuneration and social security | 45 | €5,363 | €13,853 | +€8,490 | +158.3% |
| Taxes | 450/3 | €5,363 | €13,853 | +€8,490 | +158.3% |
| Other amounts payable | 47/48 | €101,139 | €79,143 | -€21,995 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,560 | €11,342 | -€219 | -1.9% |
| Other operating charges | 640/8 | €5,929 | €3,763 | -€2,167 | -36.5% |
| Gross operating margin | 9900 | €16,995 | €31,329 | +€14,335 | +84.3% |
| Operating profit (loss) | 9901 | -€495 | €16,225 | +€16,720 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -95.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -95.9% |
| Financial charges | 65/66B | €161 | €188 | +€27 | +16.7% |
| Recurring financial charges | 65 | €161 | €188 | +€27 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€655 | €16,037 | +€16,692 | |
| Transfer from deferred taxes | 780 | €1,655 | €1,655 | = | 0.0% |
| Income taxes | 67/77 | €2,709 | €8,398 | +€5,689 | +210.0% |
| Profit (loss) for the period | 9904 | -€1,709 | €9,294 | +€11,003 | |
| Transfer from tax-exempt reserves | 789 | €4,964 | €4,964 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,255 | €14,258 | +€11,003 | +338.0% |
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 3 October 2026 via checked.be.