KOLESJAN CONSTRUCT: what changed
Two fiscal 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.
KOLESJAN CONSTRUCT
Largest movements
- Receivables within one year -€38,374
down €38,374 (-59.1%), from €64,983 to €26,609
of which Trade receivables: -€37,046
- Cash +€16,477
up €16,477 (+7959.9%), from €207 to €16,684
mainly Receivables within one year (+€38,374) and Net result for the year (+€13,684)
- Tangible fixed assets -€6,059
down €6,059 (-14.2%), from €42,776 to €36,717
of which Leasing and similar rights: -€8,464
- Stocks and contracts -€1,756
no longer reported in 2025 (was €1,756)
- Trade debts -€32,162
down €32,162 (-64.8%), from €49,660 to €17,498
- Profit (loss) carried forward +€13,684
up €13,684 (+76.0%), from €17,999 to €31,683
- Tax, wage and social debts -€8,639
down €8,639 (-61.0%), from €14,154 to €5,515
of which Remuneration and social security: -€7,141
- Current portion of long-term debt -€3,322
down €3,322 (-41.2%), from €8,064 to €4,742
- Gross operating margin -€20,049
down €20,049 (-44.1%), from €45,473 to €25,424
- Depreciation -€13,742
down €13,742 (-83.8%), from €16,389 to €2,647
- Staff costs -€13,316
no longer reported in 2025 (was €13,316)
- Financial income -€926
down €926 (-67.6%), from €1,370 to €444
- Taxes -€485
down €485 (-8.1%), from €6,012 to €5,527
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 | €109,722 | €80,010 | -€29,712 | -27.1% |
| Fixed assets | 21/28 | €42,776 | €36,717 | -€6,059 | -14.2% |
| Tangible fixed assets | 22/27 | €42,776 | €36,717 | -€6,059 | -14.2% |
| Plant, machinery and equipment | 23 | €2,507 | €5,845 | +€3,338 | +133.1% |
| Furniture and vehicles | 24 | €31,805 | €30,872 | -€933 | -2.9% |
| Leasing and similar rights | 25 | €8,464 | - | -€8,464 | |
| Current assets | 29/58 | €66,946 | €43,293 | -€23,653 | -35.3% |
| Stocks and contracts in progress | 3 | €1,756 | - | -€1,756 | |
| Stocks | 30/36 | €1,756 | - | -€1,756 | |
| Amounts receivable within one year | 40/41 | €64,983 | €26,609 | -€38,374 | -59.1% |
| Trade receivables | 40 | €62,833 | €25,787 | -€37,046 | -59.0% |
| Other amounts receivable | 41 | €2,150 | €822 | -€1,328 | -61.8% |
| Cash at bank and in hand | 54/58 | €207 | €16,684 | +€16,477 | +7959.9% |
| Total equity and liabilities | 10/49 | €109,722 | €80,010 | -€29,712 | -27.1% |
| Equity | 10/15 | €20,499 | €34,183 | +€13,684 | +66.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,999 | €31,683 | +€13,684 | +76.0% |
| Amounts payable | 17/49 | €89,223 | €45,827 | -€43,396 | -48.6% |
| Amounts payable within one year | 42/48 | €89,223 | €45,827 | -€43,396 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €8,064 | €4,742 | -€3,322 | -41.2% |
| Trade debts | 44 | €49,660 | €17,498 | -€32,162 | -64.8% |
| Suppliers | 440/4 | €49,660 | €17,498 | -€32,162 | -64.8% |
| Taxes, remuneration and social security | 45 | €14,154 | €5,515 | -€8,639 | -61.0% |
| Taxes | 450/3 | €7,013 | €5,515 | -€1,498 | -21.4% |
| Remuneration and social security | 454/9 | €7,141 | - | -€7,141 | |
| Other amounts payable | 47/48 | €17,345 | €18,072 | +€727 | +4.2% |
| Non-recurring operating income | 76A | €3,510 | €1,015 | -€2,495 | -71.1% |
| Remuneration, social security and pensions | 62 | €13,316 | - | -€13,316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,389 | €2,647 | -€13,742 | -83.8% |
| Other operating charges | 640/8 | €901 | €466 | -€435 | -48.3% |
| Non-recurring operating charges | 66A | - | €2,391 | +€2,391 | |
| Gross operating margin | 9900 | €45,473 | €25,424 | -€20,049 | -44.1% |
| Operating profit (loss) | 9901 | €14,867 | €19,920 | +€5,053 | +34.0% |
| Financial income | 75/76B | €1,370 | €444 | -€926 | -67.6% |
| Recurring financial income | 75 | €1,370 | €444 | -€926 | -67.6% |
| Financial charges | 65/66B | €872 | €1,153 | +€281 | +32.2% |
| Recurring financial charges | 65 | €872 | €1,153 | +€281 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €15,365 | €19,211 | +€3,846 | +25.0% |
| Income taxes | 67/77 | €6,012 | €5,527 | -€485 | -8.1% |
| Profit (loss) for the period | 9904 | €9,353 | €13,684 | +€4,331 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,353 | €13,684 | +€4,331 | +46.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.