COLD MOUNTAIN: 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 MOUNTAIN
Largest movements
- Receivables within one year +€60,853
up €60,853 (+75.0%), from €81,160 to €142,013
of which Trade receivables: +€59,356
- Cash +€33,791
up €33,791 (+63.5%), from €53,241 to €87,032
mainly Tax, wage and social debts (+€108,919) and Net result for the year (+€54,521)
- Tangible fixed assets +€17,035
up €17,035 (+11.4%), from €149,022 to €166,057
of which Furniture and vehicles: +€13,438
- Tax, wage and social debts +€108,919
up €108,919 (+96.7%), from €112,674 to €221,594
of which Remuneration and social security: +€107,219
- Profit (loss) carried forward +€54,521
up €54,521 (+19.4%), from €280,602 to €335,122
- Trade debts -€45,014
no longer reported in 2025 (was €45,014)
- Gross operating margin +€98,576
up €98,576 (+16.5%), from €598,554 to €697,131
- Staff costs +€35,945
up €35,945 (+6.7%), from €536,223 to €572,169
- Depreciation +€7,932
up €7,932 (+29.3%), from €27,099 to €35,031
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 | €582,078 | €697,851 | +€115,773 | +19.9% |
| Fixed assets | 21/28 | €427,154 | €446,107 | +€18,952 | +4.4% |
| Intangible fixed assets | 21 | €27,983 | €29,900 | +€1,917 | +6.9% |
| Tangible fixed assets | 22/27 | €149,022 | €166,057 | +€17,035 | +11.4% |
| Land and buildings | 22 | €114,637 | €122,579 | +€7,942 | +6.9% |
| Plant, machinery and equipment | 23 | €21,674 | €17,329 | -€4,345 | -20.0% |
| Furniture and vehicles | 24 | €12,711 | €26,149 | +€13,438 | +105.7% |
| Financial fixed assets | 28 | €250,150 | €250,150 | = | 0.0% |
| Current assets | 29/58 | €154,924 | €251,744 | +€96,820 | +62.5% |
| Stocks and contracts in progress | 3 | €18,646 | €15,325 | -€3,321 | -17.8% |
| Stocks | 30/36 | €18,646 | €15,325 | -€3,321 | -17.8% |
| Amounts receivable within one year | 40/41 | €81,160 | €142,013 | +€60,853 | +75.0% |
| Trade receivables | 40 | €44,316 | €103,672 | +€59,356 | +133.9% |
| Other amounts receivable | 41 | €36,845 | €38,341 | +€1,496 | +4.1% |
| Cash at bank and in hand | 54/58 | €53,241 | €87,032 | +€33,791 | +63.5% |
| Deferred charges and accrued income | 490/1 | €1,877 | €7,374 | +€5,497 | +292.9% |
| Total equity and liabilities | 10/49 | €582,078 | €697,851 | +€115,773 | +19.9% |
| Equity | 10/15 | €424,390 | €476,257 | +€51,868 | +12.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €73,980 | €73,980 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,780 | €67,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | €280,602 | €335,122 | +€54,521 | +19.4% |
| Investment grants | 15 | €7,808 | €5,155 | -€2,653 | -34.0% |
| Amounts payable | 17/49 | €157,688 | €221,594 | +€63,905 | +40.5% |
| Amounts payable within one year | 42/48 | €157,688 | €221,594 | +€63,905 | +40.5% |
| Trade debts | 44 | €45,014 | - | -€45,014 | |
| Suppliers | 440/4 | €45,014 | - | -€45,014 | |
| Taxes, remuneration and social security | 45 | €112,674 | €221,594 | +€108,919 | +96.7% |
| Taxes | 450/3 | €20,022 | €21,723 | +€1,700 | +8.5% |
| Remuneration and social security | 454/9 | €92,652 | €199,871 | +€107,219 | +115.7% |
| Remuneration, social security and pensions | 62 | €536,223 | €572,169 | +€35,945 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,099 | €35,031 | +€7,932 | +29.3% |
| Other operating charges | 640/8 | €10,709 | €7,951 | -€2,758 | -25.8% |
| Gross operating margin | 9900 | €598,554 | €697,131 | +€98,576 | +16.5% |
| Operating profit (loss) | 9901 | €24,523 | €81,979 | +€57,456 | +234.3% |
| Financial income | 75/76B | €307 | €195 | -€112 | -36.5% |
| Recurring financial income | 75 | €307 | €195 | -€112 | -36.5% |
| Financial charges | 65/66B | €10,421 | €14,871 | +€4,449 | +42.7% |
| Recurring financial charges | 65 | €10,421 | €14,871 | +€4,449 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €14,408 | €67,303 | +€52,895 | +367.1% |
| Income taxes | 67/77 | €10,457 | €12,783 | +€2,325 | +22.2% |
| Profit (loss) for the period | 9904 | €3,951 | €54,521 | +€50,570 | +1279.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,951 | €54,521 | +€50,570 | +1279.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.