IMMO - COLLAS: what changed
IMMO - COLLAS
Largest movements
- Tangible fixed assets -€41,443
down €41,443 (-7.6%), from €546,263 to €504,820
of which Land and buildings: -€27,020
- Cash +€10,040
up €10,040 (+16.6%), from €60,588 to €70,628
mainly Depreciation (+€41,443) and Receivables within one year (+€5,955)
- Debts after one year -€24,722
down €24,722 (-28.2%), from €87,520 to €62,797
of which Financial debts: -€24,722
- Current portion of long-term debt -€7,465
down €7,465 (-23.2%), from €32,187 to €24,722
- Profit (loss) carried forward -€6,311
down €6,311 (-1.0%), from -€622,621 to -€628,932
- Depreciation -€5,630
down €5,630 (-12.0%), from €47,073 to €41,443
- Financial charges -€1,388
down €1,388 (-31.3%), from €4,434 to €3,047
- Gross operating margin +€1,171
up €1,171 (+2.4%), from €48,912 to €50,083
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,910 | €577,939 | -€36,971 | -6.0% |
| Fixed assets | 21/28 | €546,263 | €504,820 | -€41,443 | -7.6% |
| Tangible fixed assets | 22/27 | €546,263 | €504,820 | -€41,443 | -7.6% |
| Land and buildings | 22 | €511,059 | €484,039 | -€27,020 | -5.3% |
| Plant, machinery and equipment | 23 | €35,204 | €20,782 | -€14,422 | -41.0% |
| Current assets | 29/58 | €68,647 | €73,119 | +€4,472 | +6.5% |
| Amounts receivable within one year | 40/41 | €5,955 | €0 | -€5,955 | -100% |
| Trade receivables | 40 | €5,955 | €0 | -€5,955 | -100% |
| Cash at bank and in hand | 54/58 | €60,588 | €70,628 | +€10,040 | +16.6% |
| Deferred charges and accrued income | 490/1 | €2,104 | €2,491 | +€386 | +18.4% |
| Total equity and liabilities | 10/49 | €614,910 | €577,939 | -€36,971 | -6.0% |
| Equity | 10/15 | -€27,621 | -€33,932 | -€6,311 | -22.8% |
| Contributions | 10/11 | €595,000 | €595,000 | = | 0.0% |
| Capital | 10 | €595,000 | €595,000 | = | 0.0% |
| Issued capital | 100 | €595,000 | €595,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€622,621 | -€628,932 | -€6,311 | -1.0% |
| Amounts payable | 17/49 | €642,530 | €611,871 | -€30,660 | -4.8% |
| Amounts payable after more than one year | 17 | €87,520 | €62,797 | -€24,722 | -28.2% |
| Financial debts | 170/4 | €47,520 | €22,797 | -€24,722 | -52.0% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €554,545 | €549,073 | -€5,472 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €32,187 | €24,722 | -€7,465 | -23.2% |
| Trade debts | 44 | €0 | €2,366 | +€2,366 | |
| Suppliers | 440/4 | €0 | €2,366 | +€2,366 | |
| Other amounts payable | 47/48 | €522,358 | €521,985 | -€373 | -0.1% |
| Accrued charges and deferred income | 492/3 | €466 | €0 | -€466 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,073 | €41,443 | -€5,630 | -12.0% |
| Other operating charges | 640/8 | €11,570 | €11,934 | +€364 | +3.1% |
| Gross operating margin | 9900 | €48,912 | €50,083 | +€1,171 | +2.4% |
| Operating profit (loss) | 9901 | -€9,731 | -€3,294 | +€6,437 | +66.2% |
| Financial income | 75/76B | €19 | €34 | +€15 | +77.6% |
| Recurring financial income | 75 | €19 | €34 | +€15 | +77.6% |
| Financial charges | 65/66B | €4,434 | €3,047 | -€1,388 | -31.3% |
| Recurring financial charges | 65 | €4,434 | €3,047 | -€1,388 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,146 | -€6,307 | +€7,840 | +55.4% |
| Income taxes | 67/77 | €6 | €4 | -€1 | -22.7% |
| Profit (loss) for the period | 9904 | -€14,152 | -€6,311 | +€7,841 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,152 | -€6,311 | +€7,841 | +55.4% |
Next steps
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 2 November 2026 via checked.be.