BART COOLS INVESTMENT GROUP: what changed
BART COOLS INVESTMENT GROUP
Largest movements
- Tangible fixed assets -€17,923
down €17,923 (-5.8%), from €309,179 to €291,255
of which Furniture and vehicles: -€23,586
- Cash +€16,546
up €16,546 (+536%), from €3,084 to €19,630
mainly Net result for the year (+€104,844) and Depreciation (+€43,835)
- Reserves +€86,395
up €86,395 (+71.4%), from €120,990 to €207,385
of which Distributable reserves: +€86,395
- Debts after one year -€82,914
down €82,914 (-76.3%), from €108,633 to €25,719
- Other debts -€16,350
down €16,350 (-27.4%), from €59,734 to €43,385
- Tax, wage and social debts +€10,131
up €10,131 (+67.6%), from €14,992 to €25,124
- Taxes -€71,927
down €71,927 (-86.9%), from €82,795 to €10,868
- Financial income -€30,780
no longer reported in 2025 (was €30,780)
of which Non-recurring financial income: -€30,780
- Gross operating margin -€27,207
down €27,207 (-14.1%), from €192,711 to €165,504
- Depreciation +€13,724
up €13,724 (+45.6%), from €30,111 to €43,835
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 | €372,948 | €368,308 | -€4,640 | -1.2% |
| Fixed assets | 21/28 | €311,694 | €293,770 | -€17,923 | -5.8% |
| Tangible fixed assets | 22/27 | €309,179 | €291,255 | -€17,923 | -5.8% |
| Land and buildings | 22 | €143,070 | €149,132 | +€6,063 | +4.2% |
| Plant, machinery and equipment | 23 | €2,203 | €1,803 | -€400 | -18.2% |
| Furniture and vehicles | 24 | €163,906 | €140,320 | -€23,586 | -14.4% |
| Financial fixed assets | 28 | €2,515 | €2,515 | = | 0.0% |
| Current assets | 29/58 | €61,254 | €74,538 | +€13,284 | +21.7% |
| Amounts receivable within one year | 40/41 | €55,514 | €52,497 | -€3,017 | -5.4% |
| Trade receivables | 40 | €34,984 | €18,105 | -€16,880 | -48.2% |
| Other amounts receivable | 41 | €20,530 | €34,393 | +€13,863 | +67.5% |
| Cash at bank and in hand | 54/58 | €3,084 | €19,630 | +€16,546 | +536% |
| Deferred charges and accrued income | 490/1 | €2,656 | €2,410 | -€246 | -9.3% |
| Total equity and liabilities | 10/49 | €372,948 | €368,308 | -€4,640 | -1.2% |
| Equity | 10/15 | €139,540 | €225,935 | +€86,395 | +61.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €120,990 | €207,385 | +€86,395 | +71.4% |
| Tax-exempt reserves | 132 | €17,737 | €17,737 | = | 0.0% |
| Distributable reserves | 133 | €103,253 | €189,648 | +€86,395 | +83.7% |
| Amounts payable | 17/49 | €233,408 | €142,373 | -€91,035 | -39.0% |
| Amounts payable after more than one year | 17 | €108,633 | €25,719 | -€82,914 | -76.3% |
| Financial debts | 170/4 | €108,633 | €25,719 | -€82,914 | -76.3% |
| Amounts payable within one year | 42/48 | €124,775 | €116,654 | -€8,121 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €39,781 | €36,068 | -€3,713 | -9.3% |
| Trade debts | 44 | €10,267 | €12,078 | +€1,811 | +17.6% |
| Suppliers | 440/4 | €10,267 | €12,078 | +€1,811 | +17.6% |
| Taxes, remuneration and social security | 45 | €14,992 | €25,124 | +€10,131 | +67.6% |
| Taxes | 450/3 | €14,992 | €25,124 | +€10,131 | +67.6% |
| Other amounts payable | 47/48 | €59,734 | €43,385 | -€16,350 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,111 | €43,835 | +€13,724 | +45.6% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €192,711 | €165,504 | -€27,207 | -14.1% |
| Operating profit (loss) | 9901 | €162,094 | €121,149 | -€40,945 | -25.3% |
| Financial income | 75/76B | €30,780 | - | -€30,780 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €30,780 | - | -€30,780 | |
| Financial charges | 65/66B | €5,831 | €5,437 | -€394 | -6.8% |
| Recurring financial charges | 65 | €5,831 | €5,437 | -€394 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €187,044 | €115,712 | -€71,332 | -38.1% |
| Income taxes | 67/77 | €82,795 | €10,868 | -€71,927 | -86.9% |
| Profit (loss) for the period | 9904 | €104,249 | €104,844 | +€595 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €104,249 | €104,844 | +€595 | +0.6% |
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 6 November 2026 via checked.be.