Etablissements Marcel Collignon: what changed
What changed
Etablissements Marcel Collignon
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€339,345
2024 · €847,202-€507,857
Equity
€3.3m
2024 · €3.4m-€82,635
Cash
€845,292
2024 · €617,214+€228,078
Balance sheet total
€5.2m
2024 · €5.4m-€272,890
Largest movements
Assets
- Receivables within one year -€952,512
down €952,512 (-37.1%), from €2.6m to €1.6m
of which Other amounts receivable: -€601,950
- Tangible fixed assets +€479,777
up €479,777 (+23.7%), from €2.0m to €2.5m
of which Furniture and vehicles: +€690,863
- Cash +€228,078
up €228,078 (+37.0%), from €617,214 to €845,292
mainly Depreciation (+€967,284) and Receivables within one year (+€952,512)
Equity and liabilities
- Other debts -€671,637
down €671,637 (-62.0%), from €1.1m to €411,415
- Trade debts +€402,441
up €402,441 (+55.6%), from €723,532 to €1.1m
- Reserves -€96,316
down €96,316 (-2.9%), from €3.3m to €3.2m
of which Tax-exempt reserves: -€96,316
- Tax, wage and social debts +€78,940
up €78,940 (+32.6%), from €242,073 to €321,014
of which Remuneration and social security: +€62,037
Income statement
- Gross operating margin -€634,177
down €634,177 (-15.4%), from €4.1m to €3.5m
- Taxes -€244,957
down €244,957 (-71.0%), from €345,229 to €100,272
- Staff costs +€143,631
up €143,631 (+7.6%), from €1.9m to €2.0m
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.
Result 2024
€847,202
Gross operating margin
-€634,177
Staff costs
-€143,631
Depreciation
+€37,195
Other operating charges
+€8,305
Financial income
-€19,569
Financial charges
-€937
Taxes
+€244,957
Result 2025
€339,345
raises the resultlowers the result
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.
From operations
+€2.1m
Investment
-€1.4m
Financing
-€421,980
Cash 2024
€617,214
From operations (derived)
+€2.1m
Net result for the year
+€339,345
Depreciation
+€967,284
Stocks and contracts
+€29,398
Receivables within one year
+€952,512
Deferred charges and accrued income
-€2,002
Trade debts
+€402,441
Tax, wage and social debts
+€78,940
Other debts
-€671,637
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Current investments
-€10,040
Financing
-€421,980
Contributions, distributions and other
-€421,980
Cash 2025
€845,292
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,443,789 | €5,170,899 | -€272,890 | -5.0% |
| Fixed assets | 21/28 | €2,077,954 | €2,546,854 | +€468,901 | +22.6% |
| Intangible fixed assets | 21 | €53,426 | €42,550 | -€10,876 | -20.4% |
| Tangible fixed assets | 22/27 | €2,023,778 | €2,503,555 | +€479,777 | +23.7% |
| Land and buildings | 22 | €766,556 | €543,174 | -€223,382 | -29.1% |
| Plant, machinery and equipment | 23 | €26,174 | €38,470 | +€12,295 | +47.0% |
| Furniture and vehicles | 24 | €1,231,048 | €1,921,911 | +€690,863 | +56.1% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €3,365,835 | €2,624,044 | -€741,791 | -22.0% |
| Stocks and contracts in progress | 3 | €46,742 | €17,344 | -€29,398 | -62.9% |
| Stocks | 30/36 | €46,742 | €17,344 | -€29,398 | -62.9% |
| Amounts receivable within one year | 40/41 | €2,565,149 | €1,612,637 | -€952,512 | -37.1% |
| Trade receivables | 40 | €1,684,373 | €1,333,810 | -€350,563 | -20.8% |
| Other amounts receivable | 41 | €880,776 | €278,827 | -€601,950 | -68.3% |
| Current investments | 50/53 | - | €10,040 | +€10,040 | |
| Cash at bank and in hand | 54/58 | €617,214 | €845,292 | +€228,078 | +37.0% |
| Deferred charges and accrued income | 490/1 | €136,730 | €138,732 | +€2,002 | +1.5% |
| Total equity and liabilities | 10/49 | €5,443,789 | €5,170,899 | -€272,890 | -5.0% |
| Equity | 10/15 | €3,395,132 | €3,312,497 | -€82,635 | -2.4% |
| Contributions | 10/11 | €37,184 | €61,500 | +€24,316 | +65.4% |
| Capital | 10 | - | €61,500 | +€61,500 | |
| Issued capital | 100 | - | €61,500 | +€61,500 | |
| Reserves | 13 | €3,292,121 | €3,195,805 | -€96,316 | -2.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | - | €6,150 | +€6,150 | |
| Other | 1319 | €6,150 | - | -€6,150 | |
| Tax-exempt reserves | 132 | €3,285,971 | €3,189,655 | -€96,316 | -2.9% |
| Investment grants | 15 | €65,827 | €55,192 | -€10,635 | -16.2% |
| Amounts payable | 17/49 | €2,048,657 | €1,858,402 | -€190,255 | -9.3% |
| Amounts payable within one year | 42/48 | €2,048,657 | €1,858,402 | -€190,255 | -9.3% |
| Trade debts | 44 | €723,532 | €1,125,973 | +€402,441 | +55.6% |
| Suppliers | 440/4 | €723,532 | €1,125,973 | +€402,441 | +55.6% |
| Taxes, remuneration and social security | 45 | €242,073 | €321,014 | +€78,940 | +32.6% |
| Taxes | 450/3 | €20,626 | €37,530 | +€16,903 | +82.0% |
| Remuneration and social security | 454/9 | €221,447 | €283,484 | +€62,037 | +28.0% |
| Other amounts payable | 47/48 | €1,083,052 | €411,415 | -€671,637 | -62.0% |
| Remuneration, social security and pensions | 62 | €1,888,501 | €2,032,132 | +€143,631 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,004,478 | €967,284 | -€37,195 | -3.7% |
| Other operating charges | 640/8 | €65,093 | €56,788 | -€8,305 | -12.8% |
| Gross operating margin | 9900 | €4,124,886 | €3,490,709 | -€634,177 | -15.4% |
| Operating profit (loss) | 9901 | €1,166,813 | €434,505 | -€732,308 | -62.8% |
| Financial income | 75/76B | €30,242 | €10,674 | -€19,569 | -64.7% |
| Recurring financial income | 75 | €30,242 | €10,674 | -€19,569 | -64.7% |
| Financial charges | 65/66B | €4,625 | €5,562 | +€937 | +20.3% |
| Recurring financial charges | 65 | €4,625 | €5,562 | +€937 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €1,192,431 | €439,617 | -€752,814 | -63.1% |
| Income taxes | 67/77 | €345,229 | €100,272 | -€244,957 | -71.0% |
| Profit (loss) for the period | 9904 | €847,202 | €339,345 | -€507,857 | -59.9% |
| Transfer from tax-exempt reserves | 789 | €242,000 | €72,000 | -€170,000 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,089,202 | €411,345 | -€677,857 | -62.2% |
Next steps
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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 5 November 2026 via checked.be.