COLED Projects: what changed
COLED Projects
Largest movements
- Cash +€38,089
up €38,089 (+68.6%), from €55,484 to €93,573
mainly Other debts (+€73,487) and Net result for the year (+€68,307)
- Receivables within one year -€1,708
down €1,708 (-7.2%), from €23,655 to €21,948
of which Trade receivables: -€1,708
- Other debts +€73,487
up €73,487 (+891%), from €8,247 to €81,734
- Current portion of long-term debt -€31,509
down €31,509 (-100%), from €31,509 to €0
- Profit (loss) carried forward -€7,790
down €7,790 (-100%), from €7,790 to €0
- Tax, wage and social debts +€4,164
up €4,164 (+25.1%), from €16,601 to €20,764
- Trade debts -€3,031
down €3,031 (-57.7%), from €5,250 to €2,219
- Gross operating margin +€26,579
up €26,579 (+38.8%), from €68,458 to €95,037
- Taxes +€16,526
up €16,526 (+583%), from €2,835 to €19,361
- Financial charges +€2,444
up €2,444 (+102%), from €2,397 to €4,840
- Depreciation +€1,064
up €1,064 (+128%), from €829 to €1,892
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 | €87,997 | €123,765 | +€35,767 | +40.6% |
| Fixed assets | 21/28 | €7,336 | €6,708 | -€628 | -8.6% |
| Tangible fixed assets | 22/27 | €7,336 | €6,708 | -€628 | -8.6% |
| Plant, machinery and equipment | 23 | €424 | €1,231 | +€807 | +191% |
| Furniture and vehicles | 24 | €6,912 | €5,477 | -€1,435 | -20.8% |
| Current assets | 29/58 | €80,661 | €117,057 | +€36,395 | +45.1% |
| Stocks and contracts in progress | 3 | €315 | €315 | = | 0.0% |
| Stocks | 30/36 | €315 | €315 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,655 | €21,948 | -€1,708 | -7.2% |
| Trade receivables | 40 | €21,690 | €19,982 | -€1,708 | -7.9% |
| Other amounts receivable | 41 | €1,965 | €1,965 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,484 | €93,573 | +€38,089 | +68.6% |
| Deferred charges and accrued income | 490/1 | €1,208 | €1,221 | +€13 | +1.1% |
| Total equity and liabilities | 10/49 | €87,997 | €123,765 | +€35,767 | +40.6% |
| Equity | 10/15 | €26,390 | €18,600 | -€7,790 | -29.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,790 | €0 | -€7,790 | -100% |
| Amounts payable | 17/49 | €61,607 | €105,165 | +€43,558 | +70.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €61,607 | €104,717 | +€43,110 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | €31,509 | €0 | -€31,509 | -100% |
| Trade debts | 44 | €5,250 | €2,219 | -€3,031 | -57.7% |
| Suppliers | 440/4 | €5,250 | €2,219 | -€3,031 | -57.7% |
| Taxes, remuneration and social security | 45 | €16,601 | €20,764 | +€4,164 | +25.1% |
| Taxes | 450/3 | €16,601 | €20,764 | +€4,164 | +25.1% |
| Other amounts payable | 47/48 | €8,247 | €81,734 | +€73,487 | +891% |
| Accrued charges and deferred income | 492/3 | - | €448 | +€448 | |
| Non-recurring operating income | 76A | €10,629 | €0 | -€10,629 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €1,892 | +€1,064 | +128% |
| Other operating charges | 640/8 | €505 | €636 | +€130 | +25.8% |
| Gross operating margin | 9900 | €68,458 | €95,037 | +€26,579 | +38.8% |
| Operating profit (loss) | 9901 | €67,124 | €92,509 | +€25,385 | +37.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.1% |
| Financial charges | 65/66B | €2,397 | €4,840 | +€2,444 | +102% |
| Recurring financial charges | 65 | €2,397 | €4,840 | +€2,444 | +102% |
| Profit (loss) for the period before taxes | 9903 | €64,727 | €87,668 | +€22,941 | +35.4% |
| Income taxes | 67/77 | €2,835 | €19,361 | +€16,526 | +583% |
| Profit (loss) for the period | 9904 | €61,893 | €68,307 | +€6,415 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,893 | €68,307 | +€6,415 | +10.4% |
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 4 November 2026 via checked.be.