COLD MOUNTAIN MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€57,931
up €57,931 (+196.9%), from €29,425 to €87,356
mainly Net result for the year (+€37,284) and Tax, wage and social debts (+€14,676)
- Tangible fixed assets -€5,297
down €5,297 (-23.2%), from €22,798 to €17,501
- Receivables within one year -€5,269
down €5,269 (-27.7%), from €19,056 to €13,787
of which Trade receivables: -€5,525
- Reserves +€36,451
up €36,451 (+82.2%), from €44,359 to €80,810
- Tax, wage and social debts +€14,676
up €14,676 (+91.0%), from €16,124 to €30,800
of which Taxes: +€14,676
- Other debts -€2,330
down €2,330 (-71.0%), from €3,281 to €952
- Trade debts -€1,280
down €1,280 (-42.9%), from €2,980 to €1,700
- Taxes +€4,652
up €4,652 (+45.5%), from €10,227 to €14,879
- Gross operating margin +€4,383
up €4,383 (+8.1%), from €53,835 to €58,218
- Depreciation +€1,611
up €1,611 (+43.7%), from €3,686 to €5,297
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 | €71,744 | €119,262 | +€47,518 | +66.2% |
| Fixed assets | 21/28 | €22,798 | €17,501 | -€5,297 | -23.2% |
| Tangible fixed assets | 22/27 | €22,798 | €17,501 | -€5,297 | -23.2% |
| Furniture and vehicles | 24 | €22,798 | €17,501 | -€5,297 | -23.2% |
| Current assets | 29/58 | €48,946 | €101,761 | +€52,814 | +107.9% |
| Amounts receivable within one year | 40/41 | €19,056 | €13,787 | -€5,269 | -27.7% |
| Trade receivables | 40 | €19,056 | €13,531 | -€5,525 | -29.0% |
| Other amounts receivable | 41 | - | €256 | +€256 | |
| Cash at bank and in hand | 54/58 | €29,425 | €87,356 | +€57,931 | +196.9% |
| Deferred charges and accrued income | 490/1 | €466 | €619 | +€153 | +32.8% |
| Total equity and liabilities | 10/49 | €71,744 | €119,262 | +€47,518 | +66.2% |
| Equity | 10/15 | €49,359 | €85,810 | +€36,451 | +73.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,359 | €80,810 | +€36,451 | +82.2% |
| Distributable reserves | 133 | €44,359 | €80,810 | +€36,451 | +82.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,385 | €33,452 | +€11,067 | +49.4% |
| Amounts payable within one year | 42/48 | €22,385 | €33,452 | +€11,067 | +49.4% |
| Trade debts | 44 | €2,980 | €1,700 | -€1,280 | -42.9% |
| Suppliers | 440/4 | €2,980 | €1,700 | -€1,280 | -42.9% |
| Taxes, remuneration and social security | 45 | €16,124 | €30,800 | +€14,676 | +91.0% |
| Taxes | 450/3 | €16,124 | €30,800 | +€14,676 | +91.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,281 | €952 | -€2,330 | -71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,686 | €5,297 | +€1,611 | +43.7% |
| Other operating charges | 640/8 | €596 | €542 | -€54 | -9.1% |
| Gross operating margin | 9900 | €53,835 | €58,218 | +€4,383 | +8.1% |
| Operating profit (loss) | 9901 | €49,553 | €52,379 | +€2,826 | +5.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €58 | €216 | +€158 | +271.8% |
| Recurring financial charges | 65 | €58 | €216 | +€158 | +271.8% |
| Profit (loss) for the period before taxes | 9903 | €49,497 | €52,163 | +€2,666 | +5.4% |
| Income taxes | 67/77 | €10,227 | €14,879 | +€4,652 | +45.5% |
| Profit (loss) for the period | 9904 | €39,270 | €37,284 | -€1,986 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,270 | €37,284 | -€1,986 | -5.1% |
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 5 October 2026 via checked.be.