Kollektiv-M: 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.
Kollektiv-M
Largest movements
- Stocks and contracts -€43,105
down €43,105 (-48.2%), from €89,355 to €46,250
- Receivables within one year -€28,234
down €28,234 (-80.8%), from €34,933 to €6,699
of which Trade receivables: -€26,298
- Tangible fixed assets +€19,194
new in 2026: €19,194
- Cash -€16,328
down €16,328 (-61.1%), from €26,706 to €10,377
mainly Short-term financial debts (-€55,000) and Investment in fixed assets (net) (-€19,550)
- Short-term financial debts -€55,000
no longer reported in 2026 (was €55,000)
- Other debts -€19,212
down €19,212 (-90.5%), from €21,231 to €2,019
- Trade debts +€16,714
up €16,714 (+637%), from €2,626 to €19,340
- Tax, wage and social debts -€11,784
down €11,784 (-91.0%), from €12,953 to €1,170
of which Taxes: -€10,284
- Profit (loss) carried forward +€1,805
up €1,805 (+3.2%), from €56,419 to €58,224
- Gross operating margin -€45,326
down €45,326 (-78.9%), from €57,455 to €12,129
- Taxes -€9,734
down €9,734 (-89.3%), from €10,903 to €1,170
- Financial charges +€1,434
up €1,434 (+99.8%), from €1,437 to €2,871
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,920 | €85,915 | -€68,005 | -44.2% |
| Fixed assets | 21/28 | €1,565 | €21,009 | +€19,444 | +1,242% |
| Tangible fixed assets | 22/27 | - | €19,194 | +€19,194 | |
| Furniture and vehicles | 24 | - | €19,194 | +€19,194 | |
| Financial fixed assets | 28 | €1,565 | €1,815 | +€250 | +16.0% |
| Current assets | 29/58 | €152,355 | €64,906 | -€87,449 | -57.4% |
| Stocks and contracts in progress | 3 | €89,355 | €46,250 | -€43,105 | -48.2% |
| Stocks | 30/36 | €89,355 | €46,250 | -€43,105 | -48.2% |
| Amounts receivable within one year | 40/41 | €34,933 | €6,699 | -€28,234 | -80.8% |
| Trade receivables | 40 | €30,619 | €4,321 | -€26,298 | -85.9% |
| Other amounts receivable | 41 | €4,314 | €2,378 | -€1,936 | -44.9% |
| Cash at bank and in hand | 54/58 | €26,706 | €10,377 | -€16,328 | -61.1% |
| Deferred charges and accrued income | 490/1 | €1,361 | €1,580 | +€218 | +16.0% |
| Total equity and liabilities | 10/49 | €153,920 | €85,915 | -€68,005 | -44.2% |
| Equity | 10/15 | €61,419 | €63,224 | +€1,805 | +2.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,419 | €58,224 | +€1,805 | +3.2% |
| Amounts payable | 17/49 | €92,501 | €22,691 | -€69,810 | -75.5% |
| Amounts payable within one year | 42/48 | €91,810 | €22,529 | -€69,281 | -75.5% |
| Financial debts | 43 | €55,000 | - | -€55,000 | |
| Credit institutions | 430/8 | €55,000 | - | -€55,000 | |
| Trade debts | 44 | €2,626 | €19,340 | +€16,714 | +637% |
| Suppliers | 440/4 | €2,626 | €19,340 | +€16,714 | +637% |
| Taxes, remuneration and social security | 45 | €12,953 | €1,170 | -€11,784 | -91.0% |
| Taxes | 450/3 | €11,453 | €1,170 | -€10,284 | -89.8% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €21,231 | €2,019 | -€19,212 | -90.5% |
| Accrued charges and deferred income | 492/3 | €691 | €162 | -€529 | -76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €106 | +€106 | |
| Other operating charges | 640/8 | €6,411 | €6,237 | -€174 | -2.7% |
| Gross operating margin | 9900 | €57,455 | €12,129 | -€45,326 | -78.9% |
| Operating profit (loss) | 9901 | €51,044 | €5,787 | -€45,257 | -88.7% |
| Financial income | 75/76B | €1 | €59 | +€58 | +4,951% |
| Recurring financial income | 75 | €1 | €59 | +€58 | +4,951% |
| Financial charges | 65/66B | €1,437 | €2,871 | +€1,434 | +99.8% |
| Recurring financial charges | 65 | €1,437 | €2,871 | +€1,434 | +99.8% |
| Profit (loss) for the period before taxes | 9903 | €49,608 | €2,975 | -€46,633 | -94.0% |
| Income taxes | 67/77 | €10,903 | €1,170 | -€9,734 | -89.3% |
| Profit (loss) for the period | 9904 | €38,704 | €1,805 | -€36,899 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,704 | €1,805 | -€36,899 | -95.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.