The Collective Group: what changed
The Collective Group
Largest movements
- Receivables within one year -€19,128
down €19,128 (-24.0%), from €79,628 to €60,500
of which Other amounts receivable: -€17,094
- Cash -€13,747
down €13,747 (-63.6%), from €21,628 to €7,881
mainly Accrued charges and deferred income (-€39,238) and Trade debts (-€39,121)
- Reserves +€52,371
up €52,371 (+160%), from €32,765 to €85,136
- Accrued charges and deferred income -€39,238
down €39,238 (-100%), from €39,238 to €0
- Trade debts -€39,121
down €39,121 (-29.2%), from €134,184 to €95,064
- Other debts -€35,000
down €35,000 (-100%), from €35,000 to €0
- Tax, wage and social debts +€19,826
up €19,826 (+32,279%), from €61 to €19,887
- Gross operating margin +€61,387
up €61,387 (+463%), from €13,268 to €74,655
- Financial charges -€37,723
down €37,723 (-96.1%), from €39,261 to €1,538
- Taxes +€17,732
up €17,732 (+35,414%), from €50 to €17,782
- Depreciation -€2,200
down €2,200 (-100%), from €2,200 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €931,249 | €890,087 | -€41,161 | -4.4% |
| Fixed assets | 21/28 | €828,649 | €820,000 | -€8,649 | -1.0% |
| Tangible fixed assets | 22/27 | €8,649 | €0 | -€8,649 | -100% |
| Furniture and vehicles | 24 | €8,649 | €0 | -€8,649 | -100% |
| Financial fixed assets | 28 | €820,000 | €820,000 | = | 0.0% |
| Current assets | 29/58 | €102,599 | €70,087 | -€32,512 | -31.7% |
| Amounts receivable within one year | 40/41 | €79,628 | €60,500 | -€19,128 | -24.0% |
| Trade receivables | 40 | €62,534 | €60,500 | -€2,034 | -3.3% |
| Other amounts receivable | 41 | €17,094 | €0 | -€17,094 | -100% |
| Cash at bank and in hand | 54/58 | €21,628 | €7,881 | -€13,747 | -63.6% |
| Deferred charges and accrued income | 490/1 | €1,343 | €1,706 | +€363 | +27.1% |
| Total equity and liabilities | 10/49 | €931,249 | €890,087 | -€41,161 | -4.4% |
| Equity | 10/15 | €107,765 | €160,136 | +€52,371 | +48.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €32,765 | €85,136 | +€52,371 | +160% |
| Distributable reserves | 133 | €32,765 | €85,136 | +€52,371 | +160% |
| Amounts payable | 17/49 | €823,483 | €729,951 | -€93,533 | -11.4% |
| Amounts payable after more than one year | 17 | €615,000 | €615,000 | = | 0.0% |
| Other amounts payable | 178/9 | €615,000 | €615,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €169,246 | €114,951 | -€54,295 | -32.1% |
| Trade debts | 44 | €134,184 | €95,064 | -€39,121 | -29.2% |
| Suppliers | 440/4 | €134,184 | €95,064 | -€39,121 | -29.2% |
| Taxes, remuneration and social security | 45 | €61 | €19,887 | +€19,826 | +32,279% |
| Taxes | 450/3 | €61 | €19,887 | +€19,826 | +32,279% |
| Other amounts payable | 47/48 | €35,000 | €0 | -€35,000 | -100% |
| Accrued charges and deferred income | 492/3 | €39,238 | €0 | -€39,238 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,200 | €0 | -€2,200 | -100% |
| Other operating charges | 640/8 | €983 | €1,365 | +€381 | +38.8% |
| Non-recurring operating charges | 66A | - | €1,599 | +€1,599 | |
| Gross operating margin | 9900 | €13,268 | €74,655 | +€61,387 | +463% |
| Operating profit (loss) | 9901 | €10,085 | €71,691 | +€61,606 | +611% |
| Financial income | 75/76B | €307 | €0 | -€307 | -100% |
| Recurring financial income | 75 | €307 | €0 | -€307 | -100% |
| Financial charges | 65/66B | €39,261 | €1,538 | -€37,723 | -96.1% |
| Recurring financial charges | 65 | €39,261 | €1,538 | -€37,723 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | -€28,869 | €70,153 | +€99,022 | |
| Income taxes | 67/77 | €50 | €17,782 | +€17,732 | +35,414% |
| Profit (loss) for the period | 9904 | -€28,919 | €52,371 | +€81,290 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,919 | €52,371 | +€81,290 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.