KOLLINE: 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.
KOLLINE
Largest movements
- Tangible fixed assets -€106,484
down €106,484 (-9.8%), from €1.1m to €983,657
of which Other tangible fixed assets: -€89,889
- Receivables within one year -€99,047
down €99,047 (-37.6%), from €263,629 to €164,581
of which Trade receivables: -€131,313
- Profit (loss) carried forward -€269,631
down €269,631 (-23.6%), from -€1.1m to -€1.4m
- Debts after one year -€114,960
down €114,960 (-28.1%), from €409,836 to €294,876
- Other debts +€104,235
up €104,235 (+259%), from €40,289 to €144,524
- Trade debts +€50,854
up €50,854 (+17.5%), from €290,087 to €340,941
- Accrued charges and deferred income +€29,328
up €29,328 (+14.9%), from €196,683 to €226,012
- Gross operating margin -€148,156
down €148,156 (-42.1%), from €352,169 to €204,014
- Depreciation +€5,891
up €5,891 (+3.4%), from €175,672 to €181,562
- Staff costs +€3,751
up €3,751 (+1.4%), from €261,015 to €264,766
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 | €1,385,325 | €1,170,313 | -€215,012 | -15.5% |
| Fixed assets | 21/28 | €1,092,562 | €985,732 | -€106,830 | -9.8% |
| Intangible fixed assets | 21 | €1,121 | €775 | -€346 | -30.8% |
| Tangible fixed assets | 22/27 | €1,090,141 | €983,657 | -€106,484 | -9.8% |
| Plant, machinery and equipment | 23 | €27,025 | €22,571 | -€4,454 | -16.5% |
| Furniture and vehicles | 24 | €248,343 | €198,377 | -€49,966 | -20.1% |
| Leasing and similar rights | 25 | - | €37,825 | +€37,825 | |
| Other tangible fixed assets | 26 | €814,774 | €724,884 | -€89,889 | -11.0% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €292,763 | €184,581 | -€108,183 | -37.0% |
| Stocks and contracts in progress | 3 | €16,093 | €11,674 | -€4,418 | -27.5% |
| Stocks | 30/36 | €16,093 | €11,674 | -€4,418 | -27.5% |
| Amounts receivable within one year | 40/41 | €263,629 | €164,581 | -€99,047 | -37.6% |
| Trade receivables | 40 | €251,767 | €120,454 | -€131,313 | -52.2% |
| Other amounts receivable | 41 | €11,861 | €44,127 | +€32,266 | +272% |
| Cash at bank and in hand | 54/58 | €807 | €793 | -€15 | -1.8% |
| Deferred charges and accrued income | 490/1 | €12,234 | €7,532 | -€4,702 | -38.4% |
| Total equity and liabilities | 10/49 | €1,385,325 | €1,170,313 | -€215,012 | -15.5% |
| Equity | 10/15 | €262,592 | -€7,039 | -€269,631 | |
| Contributions | 10/11 | €1,405,049 | €1,405,049 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,142,457 | -€1,412,088 | -€269,631 | -23.6% |
| Amounts payable | 17/49 | €1,122,733 | €1,177,352 | +€54,619 | +4.9% |
| Amounts payable after more than one year | 17 | €409,836 | €294,876 | -€114,960 | -28.1% |
| Financial debts | 170/4 | €409,836 | €294,876 | -€114,960 | -28.1% |
| Amounts payable within one year | 42/48 | €516,214 | €656,464 | +€140,251 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €164,279 | €152,685 | -€11,594 | -7.1% |
| Trade debts | 44 | €290,087 | €340,941 | +€50,854 | +17.5% |
| Suppliers | 440/4 | €290,087 | €340,941 | +€50,854 | +17.5% |
| Taxes, remuneration and social security | 45 | €21,558 | €18,314 | -€3,244 | -15.0% |
| Taxes | 450/3 | €1,274 | €788 | -€486 | -38.2% |
| Remuneration and social security | 454/9 | €20,285 | €17,527 | -€2,758 | -13.6% |
| Other amounts payable | 47/48 | €40,289 | €144,524 | +€104,235 | +259% |
| Accrued charges and deferred income | 492/3 | €196,683 | €226,012 | +€29,328 | +14.9% |
| Non-recurring operating income | 76A | - | €4,065 | +€4,065 | |
| Remuneration, social security and pensions | 62 | €261,015 | €264,766 | +€3,751 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,672 | €181,562 | +€5,891 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,113 | +€1,113 | |
| Other operating charges | 640/8 | €19,396 | €16,513 | -€2,883 | -14.9% |
| Gross operating margin | 9900 | €352,169 | €204,014 | -€148,156 | -42.1% |
| Operating profit (loss) | 9901 | -€103,913 | -€259,940 | -€156,027 | -150% |
| Financial income | 75/76B | €134 | €6 | -€128 | -95.6% |
| Recurring financial income | 75 | €134 | €6 | -€128 | -95.6% |
| Financial charges | 65/66B | €10,766 | €9,697 | -€1,070 | -9.9% |
| Recurring financial charges | 65 | €10,766 | €9,267 | -€1,500 | -13.9% |
| Non-recurring financial charges | 66B | - | €430 | +€430 | |
| Profit (loss) for the period before taxes | 9903 | -€114,545 | -€269,631 | -€155,086 | -135% |
| Profit (loss) for the period | 9904 | -€114,545 | -€269,631 | -€155,086 | -135% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,545 | -€269,631 | -€155,086 | -135% |
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 23 October 2026 via checked.be.