BART COOLMAN: 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.
BART COOLMAN
Largest movements
- Cash -€25,292
down €25,292 (-39.7%), from €63,663 to €38,372
mainly Receivables within one year (-€16,377) and Other debts (-€16,303)
- Receivables within one year +€16,377
up €16,377 (+109.3%), from €14,986 to €31,362
of which Other amounts receivable: +€11,718
- Intangible fixed assets -€2,240
down €2,240 (-25.5%), from €8,796 to €6,556
- Reserves +€21,100
up €21,100 (+36.4%), from €58,000 to €79,100
of which Distributable reserves: +€21,100
- Other debts -€16,303
down €16,303 (-100.0%), from €16,303 to €0
- Tax, wage and social debts -€11,197
down €11,197 (-74.2%), from €15,082 to €3,885
- Debts after one year -€3,339
down €3,339 (-3.0%), from €110,756 to €107,417
- Depreciation +€2,801
up €2,801 (+37.1%), from €7,541 to €10,343
- Gross operating margin -€1,988
down €1,988 (-4.0%), from €49,408 to €47,419
- Taxes -€1,751
down €1,751 (-15.6%), from €11,239 to €9,488
- Financial charges -€807
down €807 (-14.5%), from €5,548 to €4,742
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 | €213,548 | €203,286 | -€10,262 | -4.8% |
| Fixed assets | 21/28 | €132,976 | €132,294 | -€682 | -0.5% |
| Intangible fixed assets | 21 | €8,796 | €6,556 | -€2,240 | -25.5% |
| Tangible fixed assets | 22/27 | €124,180 | €125,738 | +€1,558 | +1.3% |
| Land and buildings | 22 | €112,143 | €107,610 | -€4,533 | -4.0% |
| Plant, machinery and equipment | 23 | €6,060 | €4,780 | -€1,280 | -21.1% |
| Furniture and vehicles | 24 | €5,977 | €13,348 | +€7,371 | +123.3% |
| Current assets | 29/58 | €80,572 | €70,992 | -€9,580 | -11.9% |
| Amounts receivable within one year | 40/41 | €14,986 | €31,362 | +€16,377 | +109.3% |
| Trade receivables | 40 | €14,932 | €19,590 | +€4,658 | +31.2% |
| Other amounts receivable | 41 | €54 | €11,772 | +€11,718 | +21821.4% |
| Cash at bank and in hand | 54/58 | €63,663 | €38,372 | -€25,292 | -39.7% |
| Deferred charges and accrued income | 490/1 | €1,923 | €1,258 | -€665 | -34.6% |
| Total equity and liabilities | 10/49 | €213,548 | €203,286 | -€10,262 | -4.8% |
| Equity | 10/15 | €64,238 | €85,385 | +€21,147 | +32.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,000 | €79,100 | +€21,100 | +36.4% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €57,900 | €79,000 | +€21,100 | +36.4% |
| Profit (loss) carried forward | 14 | €38 | €85 | +€47 | +123.4% |
| Amounts payable | 17/49 | €149,310 | €117,901 | -€31,409 | -21.0% |
| Amounts payable after more than one year | 17 | €110,756 | €107,417 | -€3,339 | -3.0% |
| Financial debts | 170/4 | €110,756 | €107,417 | -€3,339 | -3.0% |
| Amounts payable within one year | 42/48 | €37,065 | €10,180 | -€26,885 | -72.5% |
| Current portion of amounts payable after more than one year | 42 | €3,228 | €3,339 | +€111 | +3.4% |
| Trade debts | 44 | €2,452 | €2,956 | +€504 | +20.5% |
| Suppliers | 440/4 | €2,452 | €2,956 | +€504 | +20.5% |
| Taxes, remuneration and social security | 45 | €15,082 | €3,885 | -€11,197 | -74.2% |
| Taxes | 450/3 | €15,082 | €3,885 | -€11,197 | -74.2% |
| Other amounts payable | 47/48 | €16,303 | €0 | -€16,303 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,489 | €304 | -€1,185 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,541 | €10,343 | +€2,801 | +37.1% |
| Other operating charges | 640/8 | €1,614 | €1,706 | +€92 | +5.7% |
| Gross operating margin | 9900 | €49,408 | €47,419 | -€1,988 | -4.0% |
| Operating profit (loss) | 9901 | €40,252 | €35,370 | -€4,882 | -12.1% |
| Financial income | 75/76B | €148 | €6 | -€142 | -95.9% |
| Recurring financial income | 75 | €148 | €6 | -€142 | -95.9% |
| Financial charges | 65/66B | €5,548 | €4,742 | -€807 | -14.5% |
| Recurring financial charges | 65 | €5,548 | €4,742 | -€807 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €34,852 | €30,634 | -€4,217 | -12.1% |
| Income taxes | 67/77 | €11,239 | €9,488 | -€1,751 | -15.6% |
| Profit (loss) for the period | 9904 | €23,613 | €21,147 | -€2,466 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,613 | €21,147 | -€2,466 | -10.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.