BETTER KEEP COOL: what changed
Two fiscal 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.
BETTER KEEP COOL
Largest movements
- Tangible fixed assets +€127,839
up €127,839 (+17.8%), from €716,782 to €844,621
of which Assets under construction and advance payments: +€145,280
- Receivables within one year +€120,638
up €120,638 (+260.8%), from €46,263 to €166,901
of which Other amounts receivable: +€132,566
- Cash -€112,316
down €112,316 (-95.9%), from €117,090 to €4,773
mainly Investment in fixed assets (net) (-€137,462) and Receivables within one year (-€120,638)
- Current investments -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Debts after one year +€88,982
up €88,982 (+18.4%), from €484,513 to €573,495
- Trade debts +€73,076
up €73,076 (+716.2%), from €10,203 to €83,279
- Profit (loss) carried forward -€63,743
down €63,743 (-146.9%), from -€43,395 to -€107,138
- Current portion of long-term debt +€16,168
up €16,168 (+98.6%), from €16,403 to €32,571
- Gross operating margin +€23,060
up €23,060 (+71.8%), from -€32,116 to -€9,056
- Other operating charges +€15,652
up €15,652 (+690.5%), from €2,267 to €17,919
- Depreciation -€12,079
down €12,079 (-38.5%), from €31,410 to €19,332
- Financial income +€4,724
up €4,724 (+172.1%), from €2,746 to €7,470
- Financial charges +€1,363
up €1,363 (+9.8%), from €13,903 to €15,265
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €926,113 | €1,031,004 | +€104,891 | +11.3% |
| Fixed assets | 21/28 | €726,491 | €844,621 | +€118,130 | +16.3% |
| Intangible fixed assets | 21 | €9,709 | €0 | -€9,709 | -100.0% |
| Tangible fixed assets | 22/27 | €716,782 | €844,621 | +€127,839 | +17.8% |
| Land and buildings | 22 | €513,016 | €498,004 | -€15,012 | -2.9% |
| Furniture and vehicles | 24 | €36,689 | €35,290 | -€1,398 | -3.8% |
| Other tangible fixed assets | 26 | €1,402 | €370 | -€1,032 | -73.6% |
| Assets under construction and advance payments | 27 | €165,676 | €310,957 | +€145,280 | +87.7% |
| Current assets | 29/58 | €199,622 | €186,383 | -€13,239 | -6.6% |
| Amounts receivable within one year | 40/41 | €46,263 | €166,901 | +€120,638 | +260.8% |
| Trade receivables | 40 | €14,542 | €2,614 | -€11,928 | -82.0% |
| Other amounts receivable | 41 | €31,721 | €164,287 | +€132,566 | +417.9% |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €117,090 | €4,773 | -€112,316 | -95.9% |
| Deferred charges and accrued income | 490/1 | €11,270 | €14,709 | +€3,439 | +30.5% |
| Total equity and liabilities | 10/49 | €926,113 | €1,031,004 | +€104,891 | +11.3% |
| Equity | 10/15 | €409,144 | €341,418 | -€67,725 | -16.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €440,496 | €440,496 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €132 | €132 | = | 0.0% |
| Distributable reserves | 133 | €440,364 | €440,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,395 | -€107,138 | -€63,743 | -146.9% |
| Investment grants | 15 | €3,983 | €0 | -€3,983 | -100.0% |
| Amounts payable | 17/49 | €516,970 | €689,586 | +€172,616 | +33.4% |
| Amounts payable after more than one year | 17 | €484,513 | €573,495 | +€88,982 | +18.4% |
| Financial debts | 170/4 | €484,513 | €573,495 | +€88,982 | +18.4% |
| Amounts payable within one year | 42/48 | €32,457 | €116,091 | +€83,634 | +257.7% |
| Current portion of amounts payable after more than one year | 42 | €16,403 | €32,571 | +€16,168 | +98.6% |
| Financial debts | 43 | €1,139 | €0 | -€1,139 | -100.0% |
| Credit institutions | 430/8 | €1,139 | €0 | -€1,139 | -100.0% |
| Trade debts | 44 | €10,203 | €83,279 | +€73,076 | +716.2% |
| Suppliers | 440/4 | €10,203 | €83,279 | +€73,076 | +716.2% |
| Taxes, remuneration and social security | 45 | €565 | €241 | -€324 | -57.4% |
| Taxes | 450/3 | €565 | €241 | -€324 | -57.4% |
| Other amounts payable | 47/48 | €4,148 | €0 | -€4,148 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €9,099 | €1,607 | -€7,492 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,410 | €19,332 | -€12,079 | -38.5% |
| Other operating charges | 640/8 | €2,267 | €17,919 | +€15,652 | +690.5% |
| Non-recurring operating charges | 66A | €20,545 | €9,709 | -€10,837 | -52.7% |
| Gross operating margin | 9900 | -€32,116 | -€9,056 | +€23,060 | +71.8% |
| Operating profit (loss) | 9901 | -€86,339 | -€56,015 | +€30,324 | +35.1% |
| Financial income | 75/76B | €2,746 | €7,470 | +€4,724 | +172.1% |
| Recurring financial income | 75 | €2,746 | €7,470 | +€4,724 | +172.1% |
| Financial charges | 65/66B | €13,903 | €15,265 | +€1,363 | +9.8% |
| Recurring financial charges | 65 | €13,903 | €15,265 | +€1,363 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€97,496 | -€63,811 | +€33,685 | +34.6% |
| Income taxes | 67/77 | €518 | -€68 | -€586 | |
| Profit (loss) for the period | 9904 | -€98,014 | -€63,743 | +€34,272 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,014 | -€63,743 | +€34,272 | +35.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.