IMMO COLPIN: 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.
IMMO COLPIN
Largest movements
- Receivables within one year +€145,974
up €145,974 (+227.4%), from €64,193 to €210,168
of which Trade receivables: +€125,746
- Current investments -€66,684
down €66,684 (-58.4%), from €114,236 to €47,552
- Stocks and contracts -€66,653
no longer reported in 2025 (was €66,653)
- Cash -€58,242
down €58,242 (-65.6%), from €88,839 to €30,598
mainly Receivables within one year (-€145,974) and Investment in fixed assets (net) (-€56,035)
- Receivables after one year +€42,351
up €42,351 (+1.5%), from €2.8m to €2.9m
- Advances received +€50,000
new in 2025: €50,000
- Tax, wage and social debts -€49,926
down €49,926 (-32.6%), from €152,974 to €103,048
- Other debts +€49,510
up €49,510 (+378.7%), from €13,073 to €62,583
- Debts after one year -€45,653
down €45,653 (-3.4%), from €1.4m to €1.3m
- Gross operating margin -€334,389
down €334,389 (-83.0%), from €402,733 to €68,344
- Taxes -€89,132
down €89,132 (-77.5%), from €115,029 to €25,897
- Other operating charges +€19,414
up €19,414 (+150.9%), from €12,865 to €32,279
- Depreciation -€16,194
down €16,194 (-46.1%), from €35,161 to €18,967
- Financial charges -€6,333
down €6,333 (-13.0%), from €48,747 to €42,414
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 | €3,641,222 | €3,675,036 | +€33,815 | +0.9% |
| Fixed assets | 21/28 | €483,905 | €520,973 | +€37,068 | +7.7% |
| Intangible fixed assets | 21 | €13,944 | €16,176 | +€2,231 | +16.0% |
| Tangible fixed assets | 22/27 | €469,614 | €501,450 | +€31,836 | +6.8% |
| Land and buildings | 22 | €414,073 | €492,519 | +€78,446 | +18.9% |
| Plant, machinery and equipment | 23 | €1,776 | €2,042 | +€265 | +14.9% |
| Furniture and vehicles | 24 | €53,765 | €6,890 | -€46,875 | -87.2% |
| Financial fixed assets | 28 | €347 | €3,347 | +€3,000 | +864.4% |
| Current assets | 29/58 | €3,157,316 | €3,154,063 | -€3,253 | -0.1% |
| Amounts receivable after more than one year | 29 | €2,823,395 | €2,865,746 | +€42,351 | +1.5% |
| Other amounts receivable | 291 | €2,823,395 | €2,865,746 | +€42,351 | +1.5% |
| Stocks and contracts in progress | 3 | €66,653 | - | -€66,653 | |
| Stocks | 30/36 | €66,653 | - | -€66,653 | |
| Amounts receivable within one year | 40/41 | €64,193 | €210,168 | +€145,974 | +227.4% |
| Trade receivables | 40 | €51,013 | €176,758 | +€125,746 | +246.5% |
| Other amounts receivable | 41 | €13,181 | €33,409 | +€20,228 | +153.5% |
| Current investments | 50/53 | €114,236 | €47,552 | -€66,684 | -58.4% |
| Cash at bank and in hand | 54/58 | €88,839 | €30,598 | -€58,242 | -65.6% |
| Total equity and liabilities | 10/49 | €3,641,222 | €3,675,036 | +€33,815 | +0.9% |
| Equity | 10/15 | €1,960,778 | €1,952,299 | -€8,479 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,884,410 | €1,884,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,882,550 | €1,882,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,768 | €49,289 | -€8,479 | -14.7% |
| Amounts payable | 17/49 | €1,680,444 | €1,722,737 | +€42,293 | +2.5% |
| Amounts payable after more than one year | 17 | €1,352,716 | €1,307,062 | -€45,653 | -3.4% |
| Financial debts | 170/4 | €1,352,716 | €1,307,062 | -€45,653 | -3.4% |
| Amounts payable within one year | 42/48 | €327,728 | €415,675 | +€87,947 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €154,010 | €175,675 | +€21,665 | +14.1% |
| Trade debts | 44 | €7,671 | €24,369 | +€16,698 | +217.7% |
| Suppliers | 440/4 | €7,671 | €24,369 | +€16,698 | +217.7% |
| Advances received on contracts in progress | 46 | - | €50,000 | +€50,000 | |
| Taxes, remuneration and social security | 45 | €152,974 | €103,048 | -€49,926 | -32.6% |
| Taxes | 450/3 | €152,974 | €103,048 | -€49,926 | -32.6% |
| Other amounts payable | 47/48 | €13,073 | €62,583 | +€49,510 | +378.7% |
| Non-recurring operating income | 76A | €6,172 | €131,991 | +€125,819 | +2038.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,161 | €18,967 | -€16,194 | -46.1% |
| Other operating charges | 640/8 | €12,865 | €32,279 | +€19,414 | +150.9% |
| Gross operating margin | 9900 | €402,733 | €68,344 | -€334,389 | -83.0% |
| Operating profit (loss) | 9901 | €354,707 | €17,098 | -€337,608 | -95.2% |
| Financial income | 75/76B | €42,007 | €42,734 | +€728 | +1.7% |
| Recurring financial income | 75 | €42,007 | €42,734 | +€728 | +1.7% |
| Financial charges | 65/66B | €48,747 | €42,414 | -€6,333 | -13.0% |
| Recurring financial charges | 65 | €48,747 | €42,414 | -€6,333 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €347,967 | €17,418 | -€330,548 | -95.0% |
| Income taxes | 67/77 | €115,029 | €25,897 | -€89,132 | -77.5% |
| Profit (loss) for the period | 9904 | €232,938 | -€8,479 | -€241,417 | |
| Profit (loss) for the period to be appropriated | 9905 | €232,938 | -€8,479 | -€241,417 |
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 10 October 2026 via checked.be.