COLD & CO: 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.
COLD & CO
Largest movements
- Receivables after one year +€674,155
new in 2025: €674,155
- Financial fixed assets +€397,680
new in 2025: €397,680
- Cash +€217,324
up €217,324 (+1604.3%), from €13,546 to €230,870
mainly Debts after one year (+€1.2m) and Receivables within one year (+€194,715)
- Receivables within one year -€194,715
down €194,715 (-88.3%), from €220,424 to €25,709
of which Other amounts receivable: -€189,636
- Debts after one year +€1.2m
up €1.2m (+406.2%), from €296,819 to €1.5m
- Tax, wage and social debts -€89,805
down €89,805 (-99.5%), from €90,288 to €483
- Profit (loss) carried forward -€22,778
down €22,778 (-5.2%), from -€439,138 to -€461,916
- Taxes -€90,288
no longer reported in 2025 (was €90,288)
- Financial income +€14,742
up €14,742 (+292.3%), from €5,044 to €19,787
- Financial charges +€14,419
up €14,419 (+89.4%), from €16,125 to €30,544
- Gross operating margin -€7,270
down €7,270 (-167.1%), from -€4,351 to -€11,620
- Other operating charges -€569
down €569 (-58.7%), from €969 to €400
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 | €233,970 | €1,328,414 | +€1.1m | +467.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €397,680 | +€397,680 | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | - | €397,680 | +€397,680 | |
| Current assets | 29/58 | €233,970 | €930,734 | +€696,764 | +297.8% |
| Amounts receivable after more than one year | 29 | - | €674,155 | +€674,155 | |
| Other amounts receivable | 291 | - | €674,155 | +€674,155 | |
| Amounts receivable within one year | 40/41 | €220,424 | €25,709 | -€194,715 | -88.3% |
| Trade receivables | 40 | €25,216 | €20,137 | -€5,079 | -20.1% |
| Other amounts receivable | 41 | €195,208 | €5,572 | -€189,636 | -97.1% |
| Cash at bank and in hand | 54/58 | €13,546 | €230,870 | +€217,324 | +1604.3% |
| Total equity and liabilities | 10/49 | €233,970 | €1,328,414 | +€1.1m | +467.8% |
| Equity | 10/15 | -€430,778 | -€453,556 | -€22,778 | -5.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€439,138 | -€461,916 | -€22,778 | -5.2% |
| Amounts payable | 17/49 | €664,749 | €1,781,970 | +€1.1m | +168.1% |
| Amounts payable after more than one year | 17 | €296,819 | €1,502,607 | +€1.2m | +406.2% |
| Financial debts | 170/4 | €296,819 | €1,502,607 | +€1.2m | +406.2% |
| Amounts payable within one year | 42/48 | €367,845 | €279,278 | -€88,566 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €240,000 | €246,000 | +€6,000 | +2.5% |
| Trade debts | 44 | €33,884 | €29,122 | -€4,761 | -14.1% |
| Suppliers | 440/4 | €33,884 | €29,122 | -€4,761 | -14.1% |
| Taxes, remuneration and social security | 45 | €90,288 | €483 | -€89,805 | -99.5% |
| Taxes | 450/3 | €90,288 | €483 | -€89,805 | -99.5% |
| Other amounts payable | 47/48 | €3,673 | €3,673 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €85 | €85 | = | 0.0% |
| Other operating charges | 640/8 | €969 | €400 | -€569 | -58.7% |
| Non-recurring operating charges | 66A | €9,918 | - | -€9,918 | |
| Gross operating margin | 9900 | -€4,351 | -€11,620 | -€7,270 | -167.1% |
| Operating profit (loss) | 9901 | -€15,237 | -€12,020 | +€3,217 | +21.1% |
| Financial income | 75/76B | €5,044 | €19,787 | +€14,742 | +292.3% |
| Recurring financial income | 75 | €5,044 | €19,787 | +€14,742 | +292.3% |
| Financial charges | 65/66B | €16,125 | €30,544 | +€14,419 | +89.4% |
| Recurring financial charges | 65 | €16,125 | €30,544 | +€14,419 | +89.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,318 | -€22,778 | +€3,540 | +13.5% |
| Income taxes | 67/77 | €90,288 | - | -€90,288 | |
| Profit (loss) for the period | 9904 | -€116,605 | -€22,778 | +€93,827 | +80.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,605 | -€22,778 | +€93,827 | +80.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.