Koltra: 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.
Koltra
Largest movements
- Receivables after one year +€17,500
new in 2025: €17,500
- Cash -€10,461
down €10,461 (-39.4%), from €26,521 to €16,060
mainly Receivables after one year (-€17,500) and Other debts (-€15,573)
- Tangible fixed assets -€6,083
down €6,083 (-20.9%), from €29,088 to €23,005
- Current investments +€1,575
up €1,575 (+225.0%), from €700 to €2,275
- Deferred charges and accrued income -€850
no longer reported in 2025 (was €850)
- Reserves +€24,122
up €24,122 (+102.8%), from €23,468 to €47,590
- Other debts -€15,573
no longer reported in 2025 (was €15,573)
- Debts after one year -€8,189
down €8,189 (-79.6%), from €10,292 to €2,103
- Trade debts +€1,075
up €1,075 (+71.6%), from €1,502 to €2,577
- Financial income -€11,785
down €11,785 (-98.7%), from €11,938 to €153
- Gross operating margin +€11,057
up €11,057 (+39.3%), from €28,157 to €39,214
- Taxes -€2,910
down €2,910 (-30.9%), from €9,410 to €6,500
- Depreciation +€1,490
up €1,490 (+26.5%), from €5,625 to €7,115
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 | €67,657 | €69,720 | +€2,063 | +3.0% |
| Fixed assets | 21/28 | €31,638 | €25,555 | -€6,083 | -19.2% |
| Tangible fixed assets | 22/27 | €29,088 | €23,005 | -€6,083 | -20.9% |
| Furniture and vehicles | 24 | €29,088 | €23,005 | -€6,083 | -20.9% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €36,019 | €44,165 | +€8,145 | +22.6% |
| Amounts receivable after more than one year | 29 | - | €17,500 | +€17,500 | |
| Other amounts receivable | 291 | - | €17,500 | +€17,500 | |
| Amounts receivable within one year | 40/41 | €7,949 | €8,330 | +€381 | +4.8% |
| Trade receivables | 40 | €7,945 | €7,700 | -€245 | -3.1% |
| Other amounts receivable | 41 | €3 | €630 | +€626 | +18158.3% |
| Current investments | 50/53 | €700 | €2,275 | +€1,575 | +225.0% |
| Cash at bank and in hand | 54/58 | €26,521 | €16,060 | -€10,461 | -39.4% |
| Deferred charges and accrued income | 490/1 | €850 | - | -€850 | |
| Total equity and liabilities | 10/49 | €67,657 | €69,720 | +€2,063 | +3.0% |
| Equity | 10/15 | €25,968 | €50,090 | +€24,122 | +92.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,468 | €47,590 | +€24,122 | +102.8% |
| Distributable reserves | 133 | €23,468 | €47,590 | +€24,122 | +102.8% |
| Amounts payable | 17/49 | €41,689 | €19,630 | -€22,060 | -52.9% |
| Amounts payable after more than one year | 17 | €10,292 | €2,103 | -€8,189 | -79.6% |
| Financial debts | 170/4 | €10,292 | €2,103 | -€8,189 | -79.6% |
| Amounts payable within one year | 42/48 | €31,397 | €17,527 | -€13,870 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €7,845 | €8,189 | +€345 | +4.4% |
| Trade debts | 44 | €1,502 | €2,577 | +€1,075 | +71.6% |
| Suppliers | 440/4 | €1,502 | €2,577 | +€1,075 | +71.6% |
| Taxes, remuneration and social security | 45 | €6,477 | €6,760 | +€283 | +4.4% |
| Taxes | 450/3 | €6,477 | €6,760 | +€283 | +4.4% |
| Other amounts payable | 47/48 | €15,573 | - | -€15,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,625 | €7,115 | +€1,490 | +26.5% |
| Other operating charges | 640/8 | €615 | €784 | +€168 | +27.3% |
| Gross operating margin | 9900 | €28,157 | €39,214 | +€11,057 | +39.3% |
| Operating profit (loss) | 9901 | €21,917 | €31,316 | +€9,399 | +42.9% |
| Financial income | 75/76B | €11,938 | €153 | -€11,785 | -98.7% |
| Recurring financial income | 75 | €11,938 | €153 | -€11,785 | -98.7% |
| Financial charges | 65/66B | €977 | €847 | -€130 | -13.3% |
| Recurring financial charges | 65 | €977 | €847 | -€130 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €32,878 | €30,622 | -€2,256 | -6.9% |
| Income taxes | 67/77 | €9,410 | €6,500 | -€2,910 | -30.9% |
| Profit (loss) for the period | 9904 | €23,468 | €24,122 | +€654 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,468 | €24,122 | +€654 | +2.8% |
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 11 October 2026 via checked.be.