David COLLARD: 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.
David COLLARD
Largest movements
- Tangible fixed assets -€3,433
down €3,433 (-44.0%), from €7,795 to €4,362
- Receivables within one year +€1,705
up €1,705 (+1190.2%), from €143 to €1,848
- Cash +€1,123
up €1,123 (+3.2%), from €34,755 to €35,878
mainly Depreciation (+€3,433) and Net result for the year (+€2,004)
- Tax, wage and social debts -€3,518
down €3,518 (-98.5%), from €3,571 to €54
- Profit (loss) carried forward +€1,171
up €1,171 (+6.9%), from €16,862 to €18,033
- Trade debts +€908
new in 2025: €908
- Other debts +€833
new in 2025: €833
- Gross operating margin -€7,690
down €7,690 (-45.1%), from €17,043 to €9,353
- Taxes -€2,557
down €2,557 (-48.3%), from €5,295 to €2,737
- Depreciation +€929
up €929 (+37.1%), from €2,505 to €3,433
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 | €42,693 | €42,088 | -€605 | -1.4% |
| Fixed assets | 21/28 | €7,795 | €4,362 | -€3,433 | -44.0% |
| Tangible fixed assets | 22/27 | €7,795 | €4,362 | -€3,433 | -44.0% |
| Furniture and vehicles | 24 | €7,795 | €4,362 | -€3,433 | -44.0% |
| Current assets | 29/58 | €34,898 | €37,726 | +€2,828 | +8.1% |
| Amounts receivable within one year | 40/41 | €143 | €1,848 | +€1,705 | +1190.2% |
| Other amounts receivable | 41 | €143 | €1,848 | +€1,705 | +1190.2% |
| Cash at bank and in hand | 54/58 | €34,755 | €35,878 | +€1,123 | +3.2% |
| Total equity and liabilities | 10/49 | €42,693 | €42,088 | -€605 | -1.4% |
| Equity | 10/15 | €39,122 | €40,293 | +€1,171 | +3.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,860 | €9,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,862 | €18,033 | +€1,171 | +6.9% |
| Amounts payable | 17/49 | €3,571 | €1,795 | -€1,777 | -49.7% |
| Amounts payable within one year | 42/48 | €3,571 | €1,795 | -€1,777 | -49.7% |
| Trade debts | 44 | - | €908 | +€908 | |
| Suppliers | 440/4 | - | €908 | +€908 | |
| Taxes, remuneration and social security | 45 | €3,571 | €54 | -€3,518 | -98.5% |
| Taxes | 450/3 | €3,571 | €54 | -€3,518 | -98.5% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,505 | €3,433 | +€929 | +37.1% |
| Other operating charges | 640/8 | €965 | €1,092 | +€126 | +13.1% |
| Gross operating margin | 9900 | €17,043 | €9,353 | -€7,690 | -45.1% |
| Operating profit (loss) | 9901 | €13,573 | €4,828 | -€8,745 | -64.4% |
| Financial charges | 65/66B | €86 | €86 | = | 0.0% |
| Recurring financial charges | 65 | €86 | €86 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €13,487 | €4,742 | -€8,745 | -64.8% |
| Income taxes | 67/77 | €5,295 | €2,737 | -€2,557 | -48.3% |
| Profit (loss) for the period | 9904 | €8,192 | €2,004 | -€6,188 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,192 | €2,004 | -€6,188 | -75.5% |
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.