Kolibrie: 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.
Kolibrie
Largest movements
- Receivables within one year +€53,416
up €53,416 (+48.7%), from €109,750 to €163,167
of which Trade receivables: +€30,191
- Stocks and contracts +€14,134
up €14,134 (+6.1%), from €231,000 to €245,134
- Cash -€6,418
down €6,418 (-5.1%), from €124,750 to €118,332
mainly Receivables within one year (-€53,416) and Debts after one year (-€19,740)
- Trade debts +€38,475
up €38,475 (+88.3%), from €43,583 to €82,058
- Reserves +€27,057
up €27,057 (+18.5%), from €146,047 to €173,103
of which Distributable reserves: +€27,057
- Debts after one year -€19,740
down €19,740 (-25.1%), from €78,529 to €58,789
- Tax, wage and social debts +€12,566
up €12,566 (+51.8%), from €24,246 to €36,812
of which Remuneration and social security: +€8,061
- Other debts -€7,534
down €7,534 (-14.5%), from €51,930 to €44,395
- Staff costs +€61,804
up €61,804 (+57.0%), from €108,392 to €170,196
- Gross operating margin +€48,119
up €48,119 (+22.5%), from €213,557 to €261,676
- Taxes -€4,643
down €4,643 (-34.8%), from €13,361 to €8,718
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 | €567,755 | €626,903 | +€59,148 | +10.4% |
| Fixed assets | 21/28 | €99,899 | €97,429 | -€2,470 | -2.5% |
| Tangible fixed assets | 22/27 | €99,025 | €93,396 | -€5,629 | -5.7% |
| Land and buildings | 22 | €88,850 | €86,876 | -€1,974 | -2.2% |
| Plant, machinery and equipment | 23 | €8,041 | €5,018 | -€3,023 | -37.6% |
| Leasing and similar rights | 25 | €2,134 | €1,501 | -€633 | -29.7% |
| Financial fixed assets | 28 | €874 | €4,033 | +€3,159 | +361% |
| Current assets | 29/58 | €467,856 | €529,475 | +€61,618 | +13.2% |
| Stocks and contracts in progress | 3 | €231,000 | €245,134 | +€14,134 | +6.1% |
| Stocks | 30/36 | €231,000 | €245,134 | +€14,134 | +6.1% |
| Amounts receivable within one year | 40/41 | €109,750 | €163,167 | +€53,416 | +48.7% |
| Trade receivables | 40 | €70,212 | €100,403 | +€30,191 | +43.0% |
| Other amounts receivable | 41 | €39,538 | €62,764 | +€23,225 | +58.7% |
| Cash at bank and in hand | 54/58 | €124,750 | €118,332 | -€6,418 | -5.1% |
| Deferred charges and accrued income | 490/1 | €2,356 | €2,843 | +€487 | +20.7% |
| Total equity and liabilities | 10/49 | €567,755 | €626,903 | +€59,148 | +10.4% |
| Equity | 10/15 | €207,547 | €234,603 | +€27,057 | +13.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €146,047 | €173,103 | +€27,057 | +18.5% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €134,047 | €161,103 | +€27,057 | +20.2% |
| Amounts payable | 17/49 | €360,208 | €392,300 | +€32,092 | +8.9% |
| Amounts payable after more than one year | 17 | €78,529 | €58,789 | -€19,740 | -25.1% |
| Financial debts | 170/4 | €78,529 | €58,789 | -€19,740 | -25.1% |
| Amounts payable within one year | 42/48 | €278,858 | €329,880 | +€51,022 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €24,099 | €31,615 | +€7,516 | +31.2% |
| Financial debts | 43 | €135,000 | €135,000 | = | 0.0% |
| Credit institutions | 430/8 | €135,000 | €135,000 | = | 0.0% |
| Trade debts | 44 | €43,583 | €82,058 | +€38,475 | +88.3% |
| Suppliers | 440/4 | €43,583 | €82,058 | +€38,475 | +88.3% |
| Taxes, remuneration and social security | 45 | €24,246 | €36,812 | +€12,566 | +51.8% |
| Taxes | 450/3 | €2,587 | €7,091 | +€4,504 | +174% |
| Remuneration and social security | 454/9 | €21,660 | €29,721 | +€8,061 | +37.2% |
| Other amounts payable | 47/48 | €51,930 | €44,395 | -€7,534 | -14.5% |
| Accrued charges and deferred income | 492/3 | €2,822 | €3,631 | +€809 | +28.7% |
| Non-recurring operating income | 76A | - | €187 | +€187 | |
| Remuneration, social security and pensions | 62 | €108,392 | €170,196 | +€61,804 | +57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,581 | €21,339 | +€758 | +3.7% |
| Other operating charges | 640/8 | €13,372 | €14,971 | +€1,599 | +12.0% |
| Non-recurring operating charges | 66A | - | €2,803 | +€2,803 | |
| Gross operating margin | 9900 | €213,557 | €261,676 | +€48,119 | +22.5% |
| Operating profit (loss) | 9901 | €71,212 | €52,367 | -€18,845 | -26.5% |
| Financial income | 75/76B | €2,412 | €2,412 | +€0 | 0.0% |
| Recurring financial income | 75 | €2,412 | €2,412 | +€0 | 0.0% |
| Financial charges | 65/66B | €21,010 | €19,004 | -€2,006 | -9.5% |
| Recurring financial charges | 65 | €21,010 | €19,004 | -€2,006 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €52,613 | €35,774 | -€16,839 | -32.0% |
| Income taxes | 67/77 | €13,361 | €8,718 | -€4,643 | -34.8% |
| Profit (loss) for the period | 9904 | €39,252 | €27,057 | -€12,196 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,252 | €27,057 | -€12,196 | -31.1% |
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 24 October 2026 via checked.be.