Richard COLLARD: 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.
Richard COLLARD
Largest movements
- Receivables within one year +€76,029
up €76,029 (+9,326%), from €815 to €76,844
- Cash +€18,393
up €18,393 (+167%), from €11,045 to €29,439
mainly Net result for the year (+€149,720) and Tax, wage and social debts (+€18,741)
- Tangible fixed assets +€16,054
up €16,054 (+2,376%), from €676 to €16,729
of which Other tangible fixed assets: +€15,000
- Reserves +€105,034
up €105,034 (+111%), from €94,812 to €199,847
- Tax, wage and social debts +€18,741
up €18,741 (+132%), from €14,144 to €32,885
- Debts after one year -€10,210
down €10,210 (-47.0%), from €21,702 to €11,492
- Financial income +€114,934
new in 2025: €114,934
- Taxes +€11,355
up €11,355 (+51.5%), from €22,063 to €33,418
- Gross operating margin +€1,649
up €1,649 (+2.3%), from €70,617 to €72,266
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 | €485,650 | €596,446 | +€110,796 | +22.8% |
| Fixed assets | 21/28 | €473,790 | €489,843 | +€16,054 | +3.4% |
| Tangible fixed assets | 22/27 | €676 | €16,729 | +€16,054 | +2,376% |
| Plant, machinery and equipment | 23 | - | €1,729 | +€1,729 | |
| Furniture and vehicles | 24 | €676 | - | -€676 | |
| Other tangible fixed assets | 26 | - | €15,000 | +€15,000 | |
| Financial fixed assets | 28 | €473,114 | €473,114 | = | 0.0% |
| Current assets | 29/58 | €11,861 | €106,603 | +€94,742 | +799% |
| Amounts receivable within one year | 40/41 | €815 | €76,844 | +€76,029 | +9,326% |
| Other amounts receivable | 41 | €815 | €76,844 | +€76,029 | +9,326% |
| Cash at bank and in hand | 54/58 | €11,045 | €29,439 | +€18,393 | +167% |
| Deferred charges and accrued income | 490/1 | - | €320 | +€320 | |
| Total equity and liabilities | 10/49 | €485,650 | €596,446 | +€110,796 | +22.8% |
| Equity | 10/15 | €348,796 | €453,830 | +€105,034 | +30.1% |
| Reserves | 13 | €94,812 | €199,847 | +€105,034 | +111% |
| Distributable reserves | 133 | €94,812 | €199,847 | +€105,034 | +111% |
| Profit (loss) carried forward | 14 | €253,984 | €253,984 | = | 0.0% |
| Amounts payable | 17/49 | €136,854 | €142,616 | +€5,762 | +4.2% |
| Amounts payable after more than one year | 17 | €21,702 | €11,492 | -€10,210 | -47.0% |
| Financial debts | 170/4 | €21,702 | €11,492 | -€10,210 | -47.0% |
| Amounts payable within one year | 42/48 | €112,726 | €128,698 | +€15,972 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €30,834 | €26,521 | -€4,313 | -14.0% |
| Trade debts | 44 | €139 | €2,161 | +€2,022 | +1,459% |
| Suppliers | 440/4 | €139 | €2,161 | +€2,022 | +1,459% |
| Taxes, remuneration and social security | 45 | €14,144 | €32,885 | +€18,741 | +132% |
| Taxes | 450/3 | €14,144 | €32,885 | +€18,741 | +132% |
| Other amounts payable | 47/48 | €67,609 | €67,132 | -€478 | -0.7% |
| Accrued charges and deferred income | 492/3 | €2,426 | €2,426 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €711 | €779 | +€68 | +9.6% |
| Other operating charges | 640/8 | €599 | - | -€599 | |
| Gross operating margin | 9900 | €70,617 | €72,266 | +€1,649 | +2.3% |
| Operating profit (loss) | 9901 | €69,307 | €71,486 | +€2,179 | +3.1% |
| Financial income | 75/76B | - | €114,934 | +€114,934 | |
| Recurring financial income | 75 | - | €114,934 | +€114,934 | |
| Financial charges | 65/66B | €2,682 | €3,282 | +€600 | +22.4% |
| Recurring financial charges | 65 | €2,682 | €3,282 | +€600 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €66,625 | €183,138 | +€116,513 | +175% |
| Income taxes | 67/77 | €22,063 | €33,418 | +€11,355 | +51.5% |
| Profit (loss) for the period | 9904 | €44,562 | €149,720 | +€105,158 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €44,562 | €149,720 | +€105,158 | +236% |
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 20 October 2026 via checked.be.