GERARD COLSON: 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.
GERARD COLSON
Largest movements
- Deferred charges and accrued income +€24,597
up €24,597 (+5,655%), from €435 to €25,032
- Cash -€12,327
down €12,327 (-36.2%), from €34,069 to €21,741
mainly Deferred charges and accrued income (-€24,597) and Tax, wage and social debts (-€9,340)
- Receivables within one year -€5,023
down €5,023 (-25.2%), from €19,896 to €14,873
of which Trade receivables: -€3,862
- Stocks and contracts -€3,155
down €3,155 (-10.6%), from €29,851 to €26,695
- Trade debts +€21,497
up €21,497 (+384%), from €5,597 to €27,094
- Tax, wage and social debts -€9,340
down €9,340 (-53.2%), from €17,572 to €8,232
of which Taxes: -€8,809
- Profit (loss) carried forward -€5,338
down €5,338 (-24.8%), from €21,484 to €16,146
- Other debts -€2,922
down €2,922 (-15.1%), from €19,375 to €16,453
- Gross operating margin -€38,554
down €38,554 (-52.3%), from €73,747 to €35,193
- Taxes -€8,576
down €8,576 (-97.7%), from €8,781 to €205
- Staff costs -€7,299
down €7,299 (-16.4%), from €44,447 to €37,148
- Financial charges +€1,498
up €1,498 (+187%), from €801 to €2,299
- Other operating charges +€1,118
up €1,118 (+559%), from €200 to €1,318
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 | €84,250 | €88,342 | +€4,092 | +4.9% |
| Current assets | 29/58 | €84,250 | €88,342 | +€4,092 | +4.9% |
| Stocks and contracts in progress | 3 | €29,851 | €26,695 | -€3,155 | -10.6% |
| Stocks | 30/36 | €29,851 | €26,695 | -€3,155 | -10.6% |
| Amounts receivable within one year | 40/41 | €19,896 | €14,873 | -€5,023 | -25.2% |
| Trade receivables | 40 | €12,363 | €8,500 | -€3,862 | -31.2% |
| Other amounts receivable | 41 | €7,533 | €6,373 | -€1,160 | -15.4% |
| Cash at bank and in hand | 54/58 | €34,069 | €21,741 | -€12,327 | -36.2% |
| Deferred charges and accrued income | 490/1 | €435 | €25,032 | +€24,597 | +5,655% |
| Total equity and liabilities | 10/49 | €84,250 | €88,342 | +€4,092 | +4.9% |
| Equity | 10/15 | €41,706 | €36,367 | -€5,338 | -12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,621 | €1,621 | = | 0.0% |
| Distributable reserves | 133 | €1,621 | €1,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,484 | €16,146 | -€5,338 | -24.8% |
| Amounts payable | 17/49 | €42,544 | €51,975 | +€9,430 | +22.2% |
| Amounts payable within one year | 42/48 | €42,544 | €51,779 | +€9,234 | +21.7% |
| Trade debts | 44 | €5,597 | €27,094 | +€21,497 | +384% |
| Suppliers | 440/4 | €5,597 | €27,094 | +€21,497 | +384% |
| Taxes, remuneration and social security | 45 | €17,572 | €8,232 | -€9,340 | -53.2% |
| Taxes | 450/3 | €11,790 | €2,981 | -€8,809 | -74.7% |
| Remuneration and social security | 454/9 | €5,782 | €5,251 | -€531 | -9.2% |
| Other amounts payable | 47/48 | €19,375 | €16,453 | -€2,922 | -15.1% |
| Accrued charges and deferred income | 492/3 | - | €196 | +€196 | |
| Remuneration, social security and pensions | 62 | €44,447 | €37,148 | -€7,299 | -16.4% |
| Other operating charges | 640/8 | €200 | €1,318 | +€1,118 | +559% |
| Gross operating margin | 9900 | €73,747 | €35,193 | -€38,554 | -52.3% |
| Operating profit (loss) | 9901 | €29,100 | -€3,273 | -€32,373 | |
| Financial income | 75/76B | €223 | €439 | +€216 | +97.0% |
| Recurring financial income | 75 | €223 | €439 | +€216 | +97.0% |
| Financial charges | 65/66B | €801 | €2,299 | +€1,498 | +187% |
| Recurring financial charges | 65 | €801 | €2,299 | +€1,498 | +187% |
| Profit (loss) for the period before taxes | 9903 | €28,521 | -€5,133 | -€33,655 | |
| Income taxes | 67/77 | €8,781 | €205 | -€8,576 | -97.7% |
| Profit (loss) for the period | 9904 | €19,740 | -€5,338 | -€25,079 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,740 | -€5,338 | -€25,079 |
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 20 October 2026 via checked.be.