COLD JET: 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.
COLD JET
Largest movements
- Receivables within one year +€373,486
up €373,486 (+11.2%), from €3.3m to €3.7m
of which Trade receivables: +€314,172
- Cash -€69,950
down €69,950 (-51.4%), from €136,122 to €66,172
mainly Receivables within one year (-€373,486) and Accrued charges and deferred income (-€53,398)
- Tangible fixed assets -€56,635
down €56,635 (-17.7%), from €319,167 to €262,532
of which Plant, machinery and equipment: -€44,736
- Other debts +€225,000
new in 2025: €225,000
- Trade debts +€65,391
up €65,391 (+5.2%), from €1.3m to €1.3m
- Accrued charges and deferred income -€53,398
down €53,398 (-89.9%), from €59,398 to €6,000
- Gross operating margin -€73,358
down €73,358 (-3.4%), from €2.2m to €2.1m
- Staff costs -€53,418
down €53,418 (-2.7%), from €2.0m to €1.9m
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 | €4,934,546 | €5,161,770 | +€227,224 | +4.6% |
| Fixed assets | 21/28 | €319,167 | €264,232 | -€54,935 | -17.2% |
| Tangible fixed assets | 22/27 | €319,167 | €262,532 | -€56,635 | -17.7% |
| Plant, machinery and equipment | 23 | €165,511 | €120,775 | -€44,736 | -27.0% |
| Furniture and vehicles | 24 | €27,265 | €31,716 | +€4,451 | +16.3% |
| Leasing and similar rights | 25 | €33,125 | €28,565 | -€4,560 | -13.8% |
| Other tangible fixed assets | 26 | €93,266 | €81,476 | -€11,790 | -12.6% |
| Financial fixed assets | 28 | - | €1,700 | +€1,700 | |
| Current assets | 29/58 | €4,615,379 | €4,897,537 | +€282,158 | +6.1% |
| Stocks and contracts in progress | 3 | €1,123,798 | €1,085,199 | -€38,599 | -3.4% |
| Stocks | 30/36 | €1,123,798 | €1,085,199 | -€38,599 | -3.4% |
| Amounts receivable within one year | 40/41 | €3,340,752 | €3,714,238 | +€373,486 | +11.2% |
| Trade receivables | 40 | €2,740,281 | €3,054,453 | +€314,172 | +11.5% |
| Other amounts receivable | 41 | €600,471 | €659,785 | +€59,314 | +9.9% |
| Cash at bank and in hand | 54/58 | €136,122 | €66,172 | -€69,950 | -51.4% |
| Deferred charges and accrued income | 490/1 | €14,708 | €31,929 | +€17,221 | +117% |
| Total equity and liabilities | 10/49 | €4,934,546 | €5,161,770 | +€227,224 | +4.6% |
| Equity | 10/15 | €3,349,963 | €3,342,840 | -€7,123 | -0.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €3,324,963 | €3,317,840 | -€7,123 | -0.2% |
| Distributable reserves | 133 | €3,324,963 | €3,317,840 | -€7,123 | -0.2% |
| Amounts payable | 17/49 | €1,584,583 | €1,818,930 | +€234,346 | +14.8% |
| Amounts payable after more than one year | 17 | €76,668 | €60,497 | -€16,170 | -21.1% |
| Financial debts | 170/4 | €76,668 | €60,497 | -€16,170 | -21.1% |
| Amounts payable within one year | 42/48 | €1,448,517 | €1,752,432 | +€303,915 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €15,524 | €16,170 | +€646 | +4.2% |
| Trade debts | 44 | €1,256,406 | €1,321,798 | +€65,391 | +5.2% |
| Suppliers | 440/4 | €1,256,406 | €1,321,798 | +€65,391 | +5.2% |
| Advances received on contracts in progress | 46 | €14,338 | €9,335 | -€5,004 | -34.9% |
| Taxes, remuneration and social security | 45 | €162,249 | €180,130 | +€17,881 | +11.0% |
| Taxes | 450/3 | €10,234 | €11,474 | +€1,241 | +12.1% |
| Remuneration and social security | 454/9 | €152,015 | €168,655 | +€16,640 | +10.9% |
| Other amounts payable | 47/48 | - | €225,000 | +€225,000 | |
| Accrued charges and deferred income | 492/3 | €59,398 | €6,000 | -€53,398 | -89.9% |
| Non-recurring operating income | 76A | €105,362 | €98,500 | -€6,862 | -6.5% |
| Remuneration, social security and pensions | 62 | €1,962,835 | €1,909,417 | -€53,418 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,418 | €98,221 | -€6,197 | -5.9% |
| Other operating charges | 640/8 | €606 | €711 | +€105 | +17.3% |
| Gross operating margin | 9900 | €2,169,540 | €2,096,182 | -€73,358 | -3.4% |
| Operating profit (loss) | 9901 | €101,681 | €87,833 | -€13,848 | -13.6% |
| Financial income | 75/76B | - | €5,615 | +€5,615 | |
| Recurring financial income | 75 | - | €5,615 | +€5,615 | |
| Financial charges | 65/66B | €73,514 | €77,406 | +€3,892 | +5.3% |
| Recurring financial charges | 65 | €73,514 | €77,406 | +€3,892 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €28,167 | €16,042 | -€12,124 | -43.0% |
| Income taxes | 67/77 | €25,234 | €23,165 | -€2,069 | -8.2% |
| Profit (loss) for the period | 9904 | €2,933 | -€7,123 | -€10,056 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,933 | -€7,123 | -€10,056 |
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 14 October 2026 via checked.be.