KOLPAN: 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.
What changed
KOLPAN
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€18,659
2024 · €7,381+€11,278
Equity
€507,928
2024 · €489,269+€18,659
Cash
€9,520
2024 · €8,022+€1,498
Balance sheet total
€1.8m
2024 · €1.9m-€41,341
Largest movements
Assets
- Receivables within one year -€33,834
down €33,834 (-22.8%), from €148,660 to €114,826
of which Other amounts receivable: -€33,682
Equity and liabilities
- Trade debts -€23,271
down €23,271 (-5.5%), from €422,696 to €399,425
- Tax, wage and social debts -€19,438
down €19,438 (-77.9%), from €24,967 to €5,529
of which Taxes: -€20,837
- Profit (loss) carried forward +€18,659
up €18,659 (+11.3%), from €165,649 to €184,308
Income statement
- Purchases and services +€322,827
new in 2025: €322,827
- Turnover +€236,586
new in 2025: €236,586
- Financial charges -€26,107
down €26,107 (-22.0%), from €118,558 to €92,451
- Gross operating margin -€17,035
down €17,035 (-9.8%), from €174,300 to €157,265
- Taxes -€2,985
down €2,985 (-73.1%), from €4,083 to €1,098
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.
Result 2024
€7,381
Gross operating margin
-€17,035
Staff costs
+€840
Depreciation
-€171
Other operating charges
-€1,447
Financial income
-€1
Financial charges
+€26,107
Taxes
+€2,985
Result 2025
€18,659
raises the resultlowers the result
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.
From operations
+€47,439
Investment
-€27,873
Financing
-€18,068
Cash 2024
€8,022
From operations (derived)
+€47,439
Net result for the year
+€18,659
Depreciation
+€35,201
Stocks and contracts
+€1,246
Receivables within one year
+€33,834
Deferred charges and accrued income
+€431
Trade debts
-€23,271
Tax, wage and social debts
-€19,438
Other debts
+€777
Investment (derived)
-€27,873
Investment in fixed assets (net)
-€27,873
Financing
-€18,068
Debts after one year
-€18,068
Cash 2025
€9,520
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,865,226 | €1,823,885 | -€41,341 | -2.2% |
| Fixed assets | 21/28 | €1,509,186 | €1,501,858 | -€7,328 | -0.5% |
| Tangible fixed assets | 22/27 | €578,325 | €570,997 | -€7,328 | -1.3% |
| Land and buildings | 22 | €543,389 | €521,314 | -€22,075 | -4.1% |
| Plant, machinery and equipment | 23 | €4,456 | €4,085 | -€371 | -8.3% |
| Furniture and vehicles | 24 | €30,480 | €45,598 | +€15,118 | +49.6% |
| Financial fixed assets | 28 | €930,861 | €930,861 | = | 0.0% |
| Current assets | 29/58 | €356,040 | €322,027 | -€34,013 | -9.6% |
| Stocks and contracts in progress | 3 | €197,801 | €196,555 | -€1,246 | -0.6% |
| Stocks | 30/36 | €197,801 | €196,555 | -€1,246 | -0.6% |
| Amounts receivable within one year | 40/41 | €148,660 | €114,826 | -€33,834 | -22.8% |
| Trade receivables | 40 | €45,695 | €45,543 | -€152 | -0.3% |
| Other amounts receivable | 41 | €102,965 | €69,283 | -€33,682 | -32.7% |
| Current investments | 50/53 | €580 | €580 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,022 | €9,520 | +€1,498 | +18.7% |
| Deferred charges and accrued income | 490/1 | €977 | €546 | -€431 | -44.1% |
| Total equity and liabilities | 10/49 | €1,865,226 | €1,823,885 | -€41,341 | -2.2% |
| Equity | 10/15 | €489,269 | €507,928 | +€18,659 | +3.8% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Capital | 10 | €24,789 | €24,789 | = | 0.0% |
| Issued capital | 100 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €298,831 | €298,831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,702 | €11,702 | = | 0.0% |
| Legal reserve | 130 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,223 | €9,223 | = | 0.0% |
| Tax-exempt reserves | 132 | €282,157 | €282,157 | = | 0.0% |
| Distributable reserves | 133 | €4,972 | €4,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,649 | €184,308 | +€18,659 | +11.3% |
| Amounts payable | 17/49 | €1,375,957 | €1,315,957 | -€60,000 | -4.4% |
| Amounts payable after more than one year | 17 | €328,499 | €310,431 | -€18,068 | -5.5% |
| Financial debts | 170/4 | €328,499 | €310,431 | -€18,068 | -5.5% |
| Amounts payable within one year | 42/48 | €1,047,458 | €1,005,526 | -€41,932 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €39,758 | €39,758 | = | 0.0% |
| Trade debts | 44 | €422,696 | €399,425 | -€23,271 | -5.5% |
| Suppliers | 440/4 | €422,696 | €399,425 | -€23,271 | -5.5% |
| Taxes, remuneration and social security | 45 | €24,967 | €5,529 | -€19,438 | -77.9% |
| Taxes | 450/3 | €24,967 | €4,130 | -€20,837 | -83.5% |
| Remuneration and social security | 454/9 | - | €1,399 | +€1,399 | |
| Other amounts payable | 47/48 | €560,037 | €560,814 | +€777 | +0.1% |
| Turnover | 70 | - | €236,586 | +€236,586 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €322,827 | +€322,827 | |
| Remuneration, social security and pensions | 62 | €840 | - | -€840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,030 | €35,201 | +€171 | +0.5% |
| Other operating charges | 640/8 | €8,410 | €9,857 | +€1,447 | +17.2% |
| Gross operating margin | 9900 | €174,300 | €157,265 | -€17,035 | -9.8% |
| Operating profit (loss) | 9901 | €130,020 | €112,207 | -€17,813 | -13.7% |
| Financial income | 75/76B | €2 | €1 | -€1 | -50.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -50.0% |
| Financial charges | 65/66B | €118,558 | €92,451 | -€26,107 | -22.0% |
| Recurring financial charges | 65 | €118,558 | €92,451 | -€26,107 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €11,464 | €19,757 | +€8,293 | +72.3% |
| Income taxes | 67/77 | €4,083 | €1,098 | -€2,985 | -73.1% |
| Profit (loss) for the period | 9904 | €7,381 | €18,659 | +€11,278 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €7,381 | €18,659 | +€11,278 | +153% |
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 16 October 2026 via checked.be.