DR. KOLIAKOS: 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.
DR. KOLIAKOS
Largest movements
- Tangible fixed assets -€7,771
down €7,771 (-20.5%), from €37,919 to €30,148
- Receivables within one year -€1,563
down €1,563 (-14.5%), from €10,776 to €9,213
of which Trade receivables: -€3,820
- Profit (loss) carried forward -€5,290
down €5,290 (-30.3%), from €17,450 to €12,160
- Debts after one year -€3,861
down €3,861 (-24.2%), from €15,975 to €12,114
- Staff costs +€23,559
up €23,559 (+98.6%), from €23,899 to €47,458
- Depreciation +€6,836
up €6,836 (+732%), from €934 to €7,771
- Taxes -€5,324
down €5,324 (-86.5%), from €6,159 to €834
- Gross operating margin +€1,829
up €1,829 (+3.7%), from €49,966 to €51,796
- Other operating charges -€1,085
down €1,085 (-90.8%), from €1,196 to €110
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 | €49,540 | €39,851 | -€9,689 | -19.6% |
| Fixed assets | 21/28 | €37,919 | €30,148 | -€7,771 | -20.5% |
| Tangible fixed assets | 22/27 | €37,919 | €30,148 | -€7,771 | -20.5% |
| Furniture and vehicles | 24 | €37,919 | €30,148 | -€7,771 | -20.5% |
| Current assets | 29/58 | €11,622 | €9,703 | -€1,918 | -16.5% |
| Amounts receivable within one year | 40/41 | €10,776 | €9,213 | -€1,563 | -14.5% |
| Trade receivables | 40 | €10,260 | €6,440 | -€3,820 | -37.2% |
| Other amounts receivable | 41 | €516 | €2,773 | +€2,257 | +438% |
| Cash at bank and in hand | 54/58 | €466 | €490 | +€24 | +5.3% |
| Deferred charges and accrued income | 490/1 | €380 | €0 | -€380 | -100% |
| Total equity and liabilities | 10/49 | €49,540 | €39,851 | -€9,689 | -19.6% |
| Equity | 10/15 | €17,451 | €12,161 | -€5,290 | -30.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,450 | €12,160 | -€5,290 | -30.3% |
| Amounts payable | 17/49 | €32,089 | €27,690 | -€4,399 | -13.7% |
| Amounts payable after more than one year | 17 | €15,975 | €12,114 | -€3,861 | -24.2% |
| Financial debts | 170/4 | €15,975 | €12,114 | -€3,861 | -24.2% |
| Amounts payable within one year | 42/48 | €16,114 | €15,576 | -€538 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €3,721 | €3,861 | +€140 | +3.8% |
| Trade debts | 44 | €1,373 | €943 | -€430 | -31.3% |
| Suppliers | 440/4 | €1,373 | €943 | -€430 | -31.3% |
| Taxes, remuneration and social security | 45 | €11,020 | €10,772 | -€248 | -2.3% |
| Taxes | 450/3 | €6,159 | €4,940 | -€1,219 | -19.8% |
| Remuneration and social security | 454/9 | €4,862 | €5,832 | +€970 | +20.0% |
| Remuneration, social security and pensions | 62 | €23,899 | €47,458 | +€23,559 | +98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €934 | €7,771 | +€6,836 | +732% |
| Other operating charges | 640/8 | €1,196 | €110 | -€1,085 | -90.8% |
| Gross operating margin | 9900 | €49,966 | €51,796 | +€1,829 | +3.7% |
| Operating profit (loss) | 9901 | €23,937 | -€3,544 | -€27,481 | |
| Financial income | 75/76B | €0 | €308 | +€308 | +3,078,500% |
| Recurring financial income | 75 | €0 | €308 | +€308 | +3,078,500% |
| Financial charges | 65/66B | €329 | €1,220 | +€891 | +271% |
| Recurring financial charges | 65 | €329 | €1,220 | +€891 | +271% |
| Profit (loss) for the period before taxes | 9903 | €23,609 | -€4,456 | -€28,064 | |
| Income taxes | 67/77 | €6,159 | €834 | -€5,324 | -86.5% |
| Profit (loss) for the period | 9904 | €17,450 | -€5,290 | -€22,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,450 | -€5,290 | -€22,740 |
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 29 October 2026 via checked.be.