Colvert: 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.
Colvert
Largest movements
- Formation expenses +€47,037
up €47,037 (+379%), from €12,410 to €59,447
- Receivables within one year -€22,465
down €22,465 (-9.9%), from €227,687 to €205,221
of which Other amounts receivable: -€21,976
- Tangible fixed assets -€13,647
down €13,647 (-8.6%), from €158,738 to €145,091
of which Furniture and vehicles: -€9,294
- Intangible fixed assets -€8,160
down €8,160 (-23.3%), from €35,037 to €26,878
- Other debts +€33,568
up €33,568 (+6.9%), from €487,727 to €521,295
- Profit (loss) carried forward -€22,636
down €22,636 (-25.3%), from -€89,342 to -€111,978
- Trade debts -€9,016
down €9,016 (-66.8%), from €13,489 to €4,474
- Gross operating margin -€22,228
down €22,228 (-313%), from -€7,104 to -€29,331
- Depreciation +€6,909
up €6,909 (+21.0%), from €32,955 to €39,864
- Other operating charges -€460
down €460 (-45.2%), from €1,018 to €558
- Financial charges +€408
up €408 (+16.6%), from €2,453 to €2,860
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €643,970 | €644,549 | +€579 | +0.1% |
| Formation expenses | 20 | €12,410 | €59,447 | +€47,037 | +379% |
| Fixed assets | 21/28 | €193,775 | €171,968 | -€21,807 | -11.3% |
| Intangible fixed assets | 21 | €35,037 | €26,878 | -€8,160 | -23.3% |
| Tangible fixed assets | 22/27 | €158,738 | €145,091 | -€13,647 | -8.6% |
| Land and buildings | 22 | €57,425 | €54,397 | -€3,028 | -5.3% |
| Plant, machinery and equipment | 23 | €11,125 | €9,800 | -€1,325 | -11.9% |
| Furniture and vehicles | 24 | €90,188 | €80,894 | -€9,294 | -10.3% |
| Current assets | 29/58 | €437,784 | €413,134 | -€24,651 | -5.6% |
| Stocks and contracts in progress | 3 | €205,224 | €203,118 | -€2,106 | -1.0% |
| Stocks | 30/36 | €205,224 | €203,118 | -€2,106 | -1.0% |
| Amounts receivable within one year | 40/41 | €227,687 | €205,221 | -€22,465 | -9.9% |
| Trade receivables | 40 | €204,558 | €204,069 | -€489 | -0.2% |
| Other amounts receivable | 41 | €23,129 | €1,153 | -€21,976 | -95.0% |
| Cash at bank and in hand | 54/58 | €2,794 | €4,236 | +€1,442 | +51.6% |
| Deferred charges and accrued income | 490/1 | €2,080 | €559 | -€1,521 | -73.1% |
| Total equity and liabilities | 10/49 | €643,970 | €644,549 | +€579 | +0.1% |
| Equity | 10/15 | -€84,342 | -€106,978 | -€22,636 | -26.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,342 | -€111,978 | -€22,636 | -25.3% |
| Amounts payable | 17/49 | €728,312 | €751,527 | +€23,215 | +3.2% |
| Amounts payable after more than one year | 17 | €225,000 | €225,000 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €225,000 | €225,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €501,659 | €526,527 | +€24,868 | +5.0% |
| Trade debts | 44 | €13,489 | €4,474 | -€9,016 | -66.8% |
| Suppliers | 440/4 | €13,489 | €4,474 | -€9,016 | -66.8% |
| Taxes, remuneration and social security | 45 | €443 | €758 | +€316 | +71.3% |
| Taxes | 450/3 | €443 | €758 | +€316 | +71.3% |
| Other amounts payable | 47/48 | €487,727 | €521,295 | +€33,568 | +6.9% |
| Accrued charges and deferred income | 492/3 | €1,653 | €0 | -€1,653 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,955 | €39,864 | +€6,909 | +21.0% |
| Other operating charges | 640/8 | €1,018 | €558 | -€460 | -45.2% |
| Operating charges capitalised as restructuring costs | 649 | - | -€50,000 | -€50,000 | |
| Gross operating margin | 9900 | -€7,104 | -€29,331 | -€22,228 | -313% |
| Operating profit (loss) | 9901 | -€41,076 | -€19,753 | +€21,323 | +51.9% |
| Financial income | 75/76B | €325 | €85 | -€240 | -73.8% |
| Recurring financial income | 75 | €325 | €85 | -€240 | -73.8% |
| Financial charges | 65/66B | €2,453 | €2,860 | +€408 | +16.6% |
| Recurring financial charges | 65 | €2,453 | €2,860 | +€408 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | -€43,203 | -€22,528 | +€20,675 | +47.9% |
| Income taxes | 67/77 | €64 | €108 | +€44 | +67.9% |
| Profit (loss) for the period | 9904 | -€43,268 | -€22,636 | +€20,631 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,268 | -€22,636 | +€20,631 | +47.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.