Sans Collier: 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.
Sans Collier
Largest movements
- Tangible fixed assets +€668,024
up €668,024 (+8.7%), from €7.7m to €8.4m
of which Land and buildings: +€1.2m
- Receivables within one year +€291,589
up €291,589 (+252.9%), from €115,282 to €406,871
of which Trade receivables: +€308,087
- Current investments -€175,712
down €175,712 (-4.7%), from €3.8m to €3.6m
- Debts within one year +€1.3m
up €1.3m (+447.4%), from €286,449 to €1.6m
of which Current portion of long-term debt: +€1.0m
- Debts after one year -€1.0m
down €1.0m (-67.2%), from €1.6m to €508,622
- Profit (loss) carried forward +€464,206
up €464,206 (+3.3%), from €14.0m to €14.4m
- Financial income -€415,211
down €415,211 (-78.9%), from €526,318 to €111,107
- Other operating charges +€145,573
up €145,573 (+226.2%), from €64,361 to €209,934
- Staff costs +€101,070
up €101,070 (+14.1%), from €718,264 to €819,334
- Depreciation +€88,780
up €88,780 (+20.5%), from €433,311 to €522,091
- Gross operating margin -€77,294
down €77,294 (-3.8%), from €2.0m to €1.9m
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 | €16,084,631 | €16,782,890 | +€698,259 | +4.3% |
| Fixed assets | 21/28 | €7,696,152 | €8,361,716 | +€665,564 | +8.6% |
| Intangible fixed assets | 21 | €4,720 | €2,260 | -€2,460 | -52.1% |
| Tangible fixed assets | 22/27 | €7,691,432 | €8,359,456 | +€668,024 | +8.7% |
| Land and buildings | 22 | €6,798,244 | €7,962,350 | +€1.2m | +17.1% |
| Plant, machinery and equipment | 23 | €2,579 | €6,664 | +€4,085 | +158.4% |
| Furniture and vehicles | 24 | €220,214 | €264,641 | +€44,428 | +20.2% |
| Assets under construction and advance payments | 27 | €670,395 | €125,801 | -€544,594 | -81.2% |
| Current assets | 29/58 | €8,388,479 | €8,421,174 | +€32,695 | +0.4% |
| Stocks and contracts in progress | 3 | €16,070 | €13,621 | -€2,449 | -15.2% |
| Stocks | 30/36 | €16,070 | €13,621 | -€2,449 | -15.2% |
| Amounts receivable within one year | 40/41 | €115,282 | €406,871 | +€291,589 | +252.9% |
| Trade receivables | 40 | €38,684 | €346,771 | +€308,087 | +796.4% |
| Other amounts receivable | 41 | €76,598 | €60,099 | -€16,498 | -21.5% |
| Current investments | 50/53 | €3,777,935 | €3,602,224 | -€175,712 | -4.7% |
| Cash at bank and in hand | 54/58 | €4,470,167 | €4,385,665 | -€84,502 | -1.9% |
| Deferred charges and accrued income | 490/1 | €9,025 | €12,794 | +€3,769 | +41.8% |
| Total equity and liabilities | 10/49 | €16,084,631 | €16,782,890 | +€698,259 | +4.3% |
| Equity | 10/15 | €14,242,113 | €14,706,319 | +€464,206 | +3.3% |
| Contributions | 10/11 | €268,000 | €268,000 | = | 0.0% |
| Capital | 10 | €268,000 | €268,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,960,680 | €14,424,886 | +€464,206 | +3.3% |
| Investment grants | 15 | €13,433 | €13,433 | = | 0.0% |
| Amounts payable | 17/49 | €1,842,518 | €2,076,571 | +€234,053 | +12.7% |
| Amounts payable after more than one year | 17 | €1,550,589 | €508,622 | -€1.0m | -67.2% |
| Financial debts | 170/4 | €1,550,589 | €508,622 | -€1.0m | -67.2% |
| Amounts payable within one year | 42/48 | €286,449 | €1,567,949 | +€1.3m | +447.4% |
| Current portion of amounts payable after more than one year | 42 | €44,478 | €1,045,434 | +€1.0m | +2250.5% |
| Trade debts | 44 | €104,660 | €391,431 | +€286,771 | +274.0% |
| Suppliers | 440/4 | €104,660 | €391,431 | +€286,771 | +274.0% |
| Taxes, remuneration and social security | 45 | €131,146 | €124,918 | -€6,228 | -4.7% |
| Taxes | 450/3 | €22,761 | €34,615 | +€11,854 | +52.1% |
| Remuneration and social security | 454/9 | €108,386 | €90,303 | -€18,082 | -16.7% |
| Accrued charges and deferred income | 492/3 | €5,479 | €0 | -€5,479 | -100.0% |
| Remuneration, social security and pensions | 62 | €718,264 | €819,334 | +€101,070 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433,311 | €522,091 | +€88,780 | +20.5% |
| Other operating charges | 640/8 | €64,361 | €209,934 | +€145,573 | +226.2% |
| Non-recurring operating charges | 66A | €4,673 | €0 | -€4,673 | -100.0% |
| Gross operating margin | 9900 | €2,016,573 | €1,939,280 | -€77,294 | -3.8% |
| Operating profit (loss) | 9901 | €795,965 | €387,920 | -€408,045 | -51.3% |
| Financial income | 75/76B | €526,318 | €111,107 | -€415,211 | -78.9% |
| Recurring financial income | 75 | €526,318 | €111,107 | -€415,211 | -78.9% |
| Financial charges | 65/66B | €31,223 | €34,821 | +€3,598 | +11.5% |
| Recurring financial charges | 65 | €31,223 | €34,821 | +€3,598 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €1,291,060 | €464,206 | -€826,854 | -64.0% |
| Income taxes | 67/77 | €4,950 | €0 | -€4,950 | -100.0% |
| Profit (loss) for the period | 9904 | €1,286,110 | €464,206 | -€821,904 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,286,110 | €464,206 | -€821,904 | -63.9% |
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 9 October 2026 via checked.be.