Kolstmar: 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.
Kolstmar
Largest movements
- Receivables within one year -€16,570
down €16,570 (-37.1%), from €44,605 to €28,035
of which Trade receivables: -€18,769
- Cash +€15,088
up €15,088 (+21.9%), from €68,963 to €84,051
mainly Other debts (+€103,043) and Net result for the year (+€27,373)
- Receivables after one year -€7,000
down €7,000 (-46.7%), from €15,000 to €8,000
- Profit (loss) carried forward -€114,032
down €114,032 (-100.0%), from €114,032 to €0
- Other debts +€103,043
up €103,043 (+1765.9%), from €5,835 to €108,878
- Accrued charges and deferred income -€5,014
no longer reported in 2025 (was €5,014)
- Trade debts +€4,117
up €4,117 (+191.3%), from €2,152 to €6,269
- Tax, wage and social debts +€2,375
up €2,375 (+66.9%), from €3,551 to €5,927
of which Taxes: +€2,440
- Gross operating margin -€21,401
down €21,401 (-35.7%), from €59,869 to €38,468
- Taxes -€4,198
down €4,198 (-32.8%), from €12,803 to €8,604
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 | €133,584 | €125,739 | -€7,845 | -5.9% |
| Fixed assets | 21/28 | €4,191 | €4,806 | +€615 | +14.7% |
| Tangible fixed assets | 22/27 | €4,191 | €4,806 | +€615 | +14.7% |
| Plant, machinery and equipment | 23 | - | €2,183 | +€2,183 | |
| Furniture and vehicles | 24 | €4,191 | €2,623 | -€1,569 | -37.4% |
| Current assets | 29/58 | €129,393 | €120,933 | -€8,459 | -6.5% |
| Amounts receivable after more than one year | 29 | €15,000 | €8,000 | -€7,000 | -46.7% |
| Other amounts receivable | 291 | €15,000 | €8,000 | -€7,000 | -46.7% |
| Amounts receivable within one year | 40/41 | €44,605 | €28,035 | -€16,570 | -37.1% |
| Trade receivables | 40 | €43,408 | €24,639 | -€18,769 | -43.2% |
| Other amounts receivable | 41 | €1,197 | €3,396 | +€2,198 | +183.6% |
| Cash at bank and in hand | 54/58 | €68,963 | €84,051 | +€15,088 | +21.9% |
| Deferred charges and accrued income | 490/1 | €824 | €847 | +€23 | +2.8% |
| Total equity and liabilities | 10/49 | €133,584 | €125,739 | -€7,845 | -5.9% |
| Equity | 10/15 | €117,032 | €4,405 | -€112,627 | -96.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €1,405 | +€1,405 | |
| Distributable reserves | 133 | - | €1,405 | +€1,405 | |
| Profit (loss) carried forward | 14 | €114,032 | €0 | -€114,032 | -100.0% |
| Amounts payable | 17/49 | €16,552 | €121,334 | +€104,782 | +633.0% |
| Amounts payable within one year | 42/48 | €11,539 | €121,334 | +€109,796 | +951.5% |
| Financial debts | 43 | - | €261 | +€261 | |
| Credit institutions | 430/8 | - | €261 | +€261 | |
| Trade debts | 44 | €2,152 | €6,269 | +€4,117 | +191.3% |
| Suppliers | 440/4 | €2,152 | €6,269 | +€4,117 | +191.3% |
| Taxes, remuneration and social security | 45 | €3,551 | €5,927 | +€2,375 | +66.9% |
| Taxes | 450/3 | - | €2,440 | +€2,440 | |
| Remuneration and social security | 454/9 | €3,551 | €3,486 | -€65 | -1.8% |
| Other amounts payable | 47/48 | €5,835 | €108,878 | +€103,043 | +1765.9% |
| Accrued charges and deferred income | 492/3 | €5,014 | - | -€5,014 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,216 | €1,569 | +€353 | +29.0% |
| Other operating charges | 640/8 | €690 | €887 | +€198 | +28.7% |
| Gross operating margin | 9900 | €59,869 | €38,468 | -€21,401 | -35.7% |
| Operating profit (loss) | 9901 | €57,963 | €36,012 | -€21,951 | -37.9% |
| Financial income | 75/76B | €453 | €256 | -€196 | -43.4% |
| Recurring financial income | 75 | €453 | €256 | -€196 | -43.4% |
| Financial charges | 65/66B | €166 | €291 | +€125 | +75.4% |
| Recurring financial charges | 65 | €166 | €291 | +€125 | +75.4% |
| Profit (loss) for the period before taxes | 9903 | €58,250 | €35,978 | -€22,272 | -38.2% |
| Income taxes | 67/77 | €12,803 | €8,604 | -€4,198 | -32.8% |
| Profit (loss) for the period | 9904 | €45,447 | €27,373 | -€18,074 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,447 | €27,373 | -€18,074 | -39.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.