MARC COLABELLA: 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.
MARC COLABELLA
Largest movements
- Cash +€34,789
up €34,789 (+16.6%), from €209,977 to €244,766
mainly Net result for the year (+€61,278) and Other debts (+€21,330)
- Tangible fixed assets +€23,252
up €23,252 (+246%), from €9,442 to €32,693
of which Furniture and vehicles: +€23,252
- Reserves +€34,030
up €34,030 (+17.5%), from €194,340 to €228,370
- Other debts +€21,330
up €21,330 (+156%), from €13,665 to €34,996
- Gross operating margin +€10,029
up €10,029 (+11.8%), from €85,166 to €95,194
- Staff costs -€9,264
down €9,264 (-79.8%), from €11,615 to €2,351
- Taxes +€4,272
up €4,272 (+20.7%), from €20,621 to €24,893
- Depreciation +€3,759
up €3,759 (+169%), from €2,221 to €5,980
- Financial income -€2,768
down €2,768 (-65.5%), from €4,226 to €1,457
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 | €261,540 | €316,352 | +€54,813 | +21.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €10,392 | €33,643 | +€23,252 | +224% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €9,442 | €32,693 | +€23,252 | +246% |
| Furniture and vehicles | 24 | €9,442 | €32,693 | +€23,252 | +246% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €251,148 | €282,709 | +€31,561 | +12.6% |
| Amounts receivable within one year | 40/41 | €40,118 | €37,198 | -€2,920 | -7.3% |
| Trade receivables | 40 | €32,895 | €32,297 | -€598 | -1.8% |
| Other amounts receivable | 41 | €7,223 | €4,901 | -€2,322 | -32.1% |
| Cash at bank and in hand | 54/58 | €209,977 | €244,766 | +€34,789 | +16.6% |
| Deferred charges and accrued income | 490/1 | €1,053 | €745 | -€308 | -29.3% |
| Total equity and liabilities | 10/49 | €261,540 | €316,352 | +€54,813 | +21.0% |
| Equity | 10/15 | €201,584 | €235,892 | +€34,308 | +17.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €194,340 | €228,370 | +€34,030 | +17.5% |
| Distributable reserves | 133 | €194,340 | €228,370 | +€34,030 | +17.5% |
| Profit (loss) carried forward | 14 | €1,044 | €1,322 | +€278 | +26.7% |
| Amounts payable | 17/49 | €59,956 | €80,460 | +€20,504 | +34.2% |
| Amounts payable within one year | 42/48 | €59,944 | €80,460 | +€20,516 | +34.2% |
| Trade debts | 44 | €25,063 | €24,254 | -€808 | -3.2% |
| Suppliers | 440/4 | €25,063 | €24,254 | -€808 | -3.2% |
| Taxes, remuneration and social security | 45 | €21,216 | €21,210 | -€6 | 0.0% |
| Taxes | 450/3 | €18,601 | €21,210 | +€2,610 | +14.0% |
| Remuneration and social security | 454/9 | €2,616 | - | -€2,616 | |
| Other amounts payable | 47/48 | €13,665 | €34,996 | +€21,330 | +156% |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Remuneration, social security and pensions | 62 | €11,615 | €2,351 | -€9,264 | -79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,221 | €5,980 | +€3,759 | +169% |
| Other operating charges | 640/8 | €2,363 | €2,035 | -€328 | -13.9% |
| Gross operating margin | 9900 | €85,166 | €95,194 | +€10,029 | +11.8% |
| Operating profit (loss) | 9901 | €68,966 | €84,828 | +€15,862 | +23.0% |
| Financial income | 75/76B | €4,226 | €1,457 | -€2,768 | -65.5% |
| Recurring financial income | 75 | €4,226 | €1,457 | -€2,768 | -65.5% |
| Financial charges | 65/66B | €118 | €114 | -€4 | -3.7% |
| Recurring financial charges | 65 | €118 | €114 | -€4 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €73,074 | €86,172 | +€13,098 | +17.9% |
| Income taxes | 67/77 | €20,621 | €24,893 | +€4,272 | +20.7% |
| Profit (loss) for the period | 9904 | €52,452 | €61,278 | +€8,826 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,452 | €61,278 | +€8,826 | +16.8% |
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 19 October 2026 via checked.be.