COLLABOR: 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.
COLLABOR
Largest movements
- Cash +€123,915
up €123,915 (+529%), from €23,404 to €147,319
mainly Net result for the year (+€165,422) and Depreciation (+€5,983)
- Current investments +€32,220
new in 2025: €32,220
- Receivables within one year +€5,450
up €5,450 (+18.0%), from €30,250 to €35,700
of which Other amounts receivable: +€5,289
- Tangible fixed assets -€4,189
down €4,189 (-27.4%), from €15,288 to €11,098
of which Furniture and vehicles: -€3,728
- Reserves +€165,422
up €165,422 (+397%), from €41,684 to €207,106
- Tax, wage and social debts -€8,645
down €8,645 (-47.8%), from €18,090 to €9,445
- Trade debts -€6,654
down €6,654 (-94.9%), from €7,014 to €360
- Short-term financial debts +€4,018
new in 2025: €4,018
- Other debts +€3,884
up €3,884 (+227%), from €1,711 to €5,595
- Gross operating margin +€202,778
up €202,778 (+823%), from €24,631 to €227,409
- Taxes +€47,162
up €47,162 (+1,025%), from €4,600 to €51,761
- Financial charges +€3,002
up €3,002 (+318%), from €943 to €3,945
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 | €71,498 | €229,523 | +€158,025 | +221% |
| Fixed assets | 21/28 | €15,288 | €11,098 | -€4,189 | -27.4% |
| Tangible fixed assets | 22/27 | €15,288 | €11,098 | -€4,189 | -27.4% |
| Plant, machinery and equipment | 23 | €2,208 | €1,747 | -€461 | -20.9% |
| Furniture and vehicles | 24 | €13,080 | €9,352 | -€3,728 | -28.5% |
| Current assets | 29/58 | €56,210 | €218,425 | +€162,215 | +289% |
| Amounts receivable within one year | 40/41 | €30,250 | €35,700 | +€5,450 | +18.0% |
| Trade receivables | 40 | €30,250 | €30,410 | +€160 | +0.5% |
| Other amounts receivable | 41 | - | €5,289 | +€5,289 | |
| Current investments | 50/53 | - | €32,220 | +€32,220 | |
| Cash at bank and in hand | 54/58 | €23,404 | €147,319 | +€123,915 | +529% |
| Deferred charges and accrued income | 490/1 | €2,557 | €3,187 | +€630 | +24.6% |
| Total equity and liabilities | 10/49 | €71,498 | €229,523 | +€158,025 | +221% |
| Equity | 10/15 | €44,684 | €210,106 | +€165,422 | +370% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,684 | €207,106 | +€165,422 | +397% |
| Distributable reserves | 133 | €41,684 | €207,106 | +€165,422 | +397% |
| Amounts payable | 17/49 | €26,814 | €19,417 | -€7,397 | -27.6% |
| Amounts payable within one year | 42/48 | €26,814 | €19,417 | -€7,397 | -27.6% |
| Financial debts | 43 | - | €4,018 | +€4,018 | |
| Credit institutions | 430/8 | - | €4,018 | +€4,018 | |
| Trade debts | 44 | €7,014 | €360 | -€6,654 | -94.9% |
| Suppliers | 440/4 | €7,014 | €360 | -€6,654 | -94.9% |
| Taxes, remuneration and social security | 45 | €18,090 | €9,445 | -€8,645 | -47.8% |
| Taxes | 450/3 | €18,090 | €9,445 | -€8,645 | -47.8% |
| Other amounts payable | 47/48 | €1,711 | €5,595 | +€3,884 | +227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,347 | €5,983 | +€1,636 | +37.6% |
| Other operating charges | 640/8 | €614 | €627 | +€12 | +2.0% |
| Gross operating margin | 9900 | €24,631 | €227,409 | +€202,778 | +823% |
| Operating profit (loss) | 9901 | €19,669 | €220,799 | +€201,130 | +1,023% |
| Financial income | 75/76B | €39 | €329 | +€291 | +748% |
| Recurring financial income | 75 | €39 | €329 | +€291 | +748% |
| Financial charges | 65/66B | €943 | €3,945 | +€3,002 | +318% |
| Recurring financial charges | 65 | €943 | €3,945 | +€3,002 | +318% |
| Profit (loss) for the period before taxes | 9903 | €18,765 | €217,184 | +€198,418 | +1,057% |
| Income taxes | 67/77 | €4,600 | €51,761 | +€47,162 | +1,025% |
| Profit (loss) for the period | 9904 | €14,166 | €165,422 | +€151,256 | +1,068% |
| Profit (loss) for the period to be appropriated | 9905 | €14,166 | €165,422 | +€151,256 | +1,068% |
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.