COULEURS PASTEL: what changed
COULEURS PASTEL
Largest movements
- Tangible fixed assets +€183,408
up €183,408 (+55.4%), from €330,857 to €514,265
of which Land and buildings: +€123,788
- Receivables within one year -€42,366
down €42,366 (-59.3%), from €71,452 to €29,086
of which Trade receivables: -€45,695
- Cash -€33,435
down €33,435 (-84.9%), from €39,380 to €5,944
mainly Investment in fixed assets (net) (-€212,624) and Accrued charges and deferred income (-€16,360)
- Deferred charges and accrued income +€7,123
new in 2025: €7,123
- Debts after one year +€92,200
up €92,200 (+31.9%), from €289,439 to €381,639
- Other debts +€30,719
up €30,719 (+40.4%), from €76,116 to €106,835
- Accrued charges and deferred income -€16,360
down €16,360 (-86.5%), from €18,907 to €2,547
- Tax, wage and social debts -€8,354
down €8,354 (-69.8%), from €11,968 to €3,614
- Profit (loss) carried forward +€7,279
up €7,279 (+37.4%), from €19,480 to €26,759
- Depreciation +€20,509
up €20,509 (+236%), from €8,707 to €29,216
- Gross operating margin +€10,199
up €10,199 (+23.6%), from €43,142 to €53,341
- Financial charges +€2,416
up €2,416 (+21.0%), from €11,508 to €13,924
- Taxes -€1,817
down €1,817 (-66.9%), from €2,715 to €899
- Other operating charges +€1,291
up €1,291 (+176%), from €732 to €2,023
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,689 | €556,418 | +€114,729 | +26.0% |
| Fixed assets | 21/28 | €330,857 | €514,265 | +€183,408 | +55.4% |
| Tangible fixed assets | 22/27 | €330,857 | €514,265 | +€183,408 | +55.4% |
| Land and buildings | 22 | €228,173 | €351,961 | +€123,788 | +54.3% |
| Furniture and vehicles | 24 | €11,996 | €23,970 | +€11,974 | +99.8% |
| Other tangible fixed assets | 26 | €90,688 | €138,334 | +€47,646 | +52.5% |
| Current assets | 29/58 | €110,832 | €42,153 | -€68,679 | -62.0% |
| Amounts receivable within one year | 40/41 | €71,452 | €29,086 | -€42,366 | -59.3% |
| Trade receivables | 40 | €71,202 | €25,507 | -€45,695 | -64.2% |
| Other amounts receivable | 41 | €250 | €3,579 | +€3,329 | +1,331% |
| Cash at bank and in hand | 54/58 | €39,380 | €5,944 | -€33,435 | -84.9% |
| Deferred charges and accrued income | 490/1 | - | €7,123 | +€7,123 | |
| Total equity and liabilities | 10/49 | €441,689 | €556,418 | +€114,729 | +26.0% |
| Equity | 10/15 | €22,480 | €29,759 | +€7,279 | +32.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,480 | €26,759 | +€7,279 | +37.4% |
| Amounts payable | 17/49 | €419,209 | €526,659 | +€107,450 | +25.6% |
| Amounts payable after more than one year | 17 | €289,439 | €381,639 | +€92,200 | +31.9% |
| Financial debts | 170/4 | €289,439 | €381,639 | +€92,200 | +31.9% |
| Amounts payable within one year | 42/48 | €110,863 | €142,472 | +€31,610 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €21,181 | €26,045 | +€4,864 | +23.0% |
| Trade debts | 44 | €1,598 | €979 | -€619 | -38.7% |
| Suppliers | 440/4 | €1,598 | €979 | -€619 | -38.7% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | €11,968 | €3,614 | -€8,354 | -69.8% |
| Taxes | 450/3 | €11,968 | €3,614 | -€8,354 | -69.8% |
| Other amounts payable | 47/48 | €76,116 | €106,835 | +€30,719 | +40.4% |
| Accrued charges and deferred income | 492/3 | €18,907 | €2,547 | -€16,360 | -86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,707 | €29,216 | +€20,509 | +236% |
| Other operating charges | 640/8 | €732 | €2,023 | +€1,291 | +176% |
| Gross operating margin | 9900 | €43,142 | €53,341 | +€10,199 | +23.6% |
| Operating profit (loss) | 9901 | €33,703 | €22,102 | -€11,601 | -34.4% |
| Financial charges | 65/66B | €11,508 | €13,924 | +€2,416 | +21.0% |
| Recurring financial charges | 65 | €11,508 | €13,924 | +€2,416 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €22,195 | €8,178 | -€14,017 | -63.2% |
| Income taxes | 67/77 | €2,715 | €899 | -€1,817 | -66.9% |
| Profit (loss) for the period | 9904 | €19,480 | €7,279 | -€12,201 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,480 | €7,279 | -€12,201 | -62.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.