Ets Collignon: 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.
Ets Collignon
Largest movements
- Receivables after one year +€500,000
new in 2025: €500,000
- Cash +€210,493
up €210,493 (+104.6%), from €201,323 to €411,817
mainly Trade debts (+€643,768) and Net result for the year (+€530,230)
- Receivables within one year -€131,815
down €131,815 (-17.8%), from €741,851 to €610,036
of which Other amounts receivable: -€502,933
- Stocks and contracts +€51,208
up €51,208 (+8.7%), from €590,862 to €642,069
- Trade debts +€643,768
up €643,768 (+266.8%), from €241,326 to €885,094
- Profit (loss) carried forward +€311,430
up €311,430 (+88.6%), from €351,361 to €662,791
- Debts after one year -€137,955
down €137,955 (-89.6%), from €153,962 to €16,007
- Current portion of long-term debt -€111,402
down €111,402 (-28.5%), from €391,370 to €279,968
- Reserves -€84,200
down €84,200 (-89.7%), from €93,885 to €9,685
of which Tax-exempt reserves: -€84,200
- Write-downs -€41,731
down €41,731, from €39,092 to -€2,638
- Staff costs +€31,394
up €31,394 (+7.4%), from €424,269 to €455,663
- Gross operating margin +€21,364
up €21,364 (+1.7%), from €1.2m to €1.2m
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 | €1,983,820 | €2,608,051 | +€624,231 | +31.5% |
| Fixed assets | 21/28 | €387,878 | €365,899 | -€21,979 | -5.7% |
| Tangible fixed assets | 22/27 | €387,878 | €365,899 | -€21,979 | -5.7% |
| Land and buildings | 22 | €379,797 | €351,373 | -€28,424 | -7.5% |
| Plant, machinery and equipment | 23 | €1,404 | €7,717 | +€6,314 | +449.8% |
| Furniture and vehicles | 24 | €6,677 | €6,809 | +€132 | +2.0% |
| Current assets | 29/58 | €1,595,942 | €2,242,152 | +€646,210 | +40.5% |
| Amounts receivable after more than one year | 29 | - | €500,000 | +€500,000 | |
| Other amounts receivable | 291 | - | €500,000 | +€500,000 | |
| Stocks and contracts in progress | 3 | €590,862 | €642,069 | +€51,208 | +8.7% |
| Stocks | 30/36 | €590,862 | €642,069 | +€51,208 | +8.7% |
| Amounts receivable within one year | 40/41 | €741,851 | €610,036 | -€131,815 | -17.8% |
| Trade receivables | 40 | €233,750 | €604,868 | +€371,118 | +158.8% |
| Other amounts receivable | 41 | €508,101 | €5,168 | -€502,933 | -99.0% |
| Current investments | 50/53 | €17,906 | €17,906 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €201,323 | €411,817 | +€210,493 | +104.6% |
| Deferred charges and accrued income | 490/1 | €44,000 | €60,323 | +€16,324 | +37.1% |
| Total equity and liabilities | 10/49 | €1,983,820 | €2,608,051 | +€624,231 | +31.5% |
| Equity | 10/15 | €507,246 | €734,476 | +€227,230 | +44.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €93,885 | €9,685 | -€84,200 | -89.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €0 | -€84,200 | -100.0% |
| Distributable reserves | 133 | €3,485 | €3,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | €351,361 | €662,791 | +€311,430 | +88.6% |
| Amounts payable | 17/49 | €1,476,574 | €1,873,575 | +€397,001 | +26.9% |
| Amounts payable after more than one year | 17 | €153,962 | €16,007 | -€137,955 | -89.6% |
| Financial debts | 170/4 | €153,962 | €16,007 | -€137,955 | -89.6% |
| Amounts payable within one year | 42/48 | €1,322,612 | €1,857,568 | +€534,956 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €391,370 | €279,968 | -€111,402 | -28.5% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €241,326 | €885,094 | +€643,768 | +266.8% |
| Suppliers | 440/4 | €241,326 | €885,094 | +€643,768 | +266.8% |
| Taxes, remuneration and social security | 45 | €83,121 | €85,984 | +€2,862 | +3.4% |
| Taxes | 450/3 | €30,943 | €22,263 | -€8,680 | -28.1% |
| Remuneration and social security | 454/9 | €52,178 | €63,721 | +€11,543 | +22.1% |
| Other amounts payable | 47/48 | €406,795 | €406,523 | -€272 | -0.1% |
| Remuneration, social security and pensions | 62 | €424,269 | €455,663 | +€31,394 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,885 | €56,116 | +€3,231 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,092 | -€2,638 | -€41,731 | |
| Other operating charges | 640/8 | €14,963 | €18,617 | +€3,655 | +24.4% |
| Non-recurring operating charges | 66A | €25,531 | €6,286 | -€19,245 | -75.4% |
| Gross operating margin | 9900 | €1,221,845 | €1,243,210 | +€21,364 | +1.7% |
| Operating profit (loss) | 9901 | €665,105 | €709,165 | +€44,060 | +6.6% |
| Financial income | 75/76B | €9,581 | €19,089 | +€9,508 | +99.2% |
| Recurring financial income | 75 | €9,581 | €19,089 | +€9,508 | +99.2% |
| Financial charges | 65/66B | €6,323 | €17,842 | +€11,519 | +182.2% |
| Recurring financial charges | 65 | €6,323 | €17,842 | +€11,519 | +182.2% |
| Profit (loss) for the period before taxes | 9903 | €668,363 | €710,412 | +€42,049 | +6.3% |
| Income taxes | 67/77 | €173,326 | €180,182 | +€6,856 | +4.0% |
| Profit (loss) for the period | 9904 | €495,037 | €530,230 | +€35,193 | +7.1% |
| Transfer from tax-exempt reserves | 789 | €0 | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €495,037 | €614,430 | +€119,393 | +24.1% |
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 11 October 2026 via checked.be.