COLD ONE: 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 ONE
Largest movements
- Receivables within one year -€516,470
down €516,470 (-57.3%), from €901,527 to €385,056
of which Trade receivables: -€511,097
- Financial fixed assets +€232,409
up €232,409 (+116.2%), from €200,000 to €432,409
- Cash -€169,400
down €169,400 (-62.5%), from €271,128 to €101,727
mainly Trade debts (-€428,161) and Investment in fixed assets (net) (-€232,409)
- Deferred charges and accrued income +€26,104
up €26,104 (+2613.9%), from €999 to €27,102
- Trade debts -€428,161
down €428,161 (-72.9%), from €587,246 to €159,085
- Profit (loss) carried forward +€189,248
new in 2025: €189,248
- Other debts -€167,591
no longer reported in 2025 (was €167,591)
- Tax, wage and social debts -€14,854
down €14,854 (-9.1%), from €162,544 to €147,690
- Turnover -€724,748
no longer reported in 2025 (was €724,748)
- Goods and materials -€424,452
no longer reported in 2025 (was €424,452)
- Other operating income +€291,976
up €291,976 (+44.1%), from €662,349 to €954,324
- Services and other goods +€287,905
up €287,905 (+65.4%), from €440,409 to €728,315
- Taxes -€78,058
down €78,058 (-55.1%), from €141,629 to €63,571
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 | €1,373,653 | €946,295 | -€427,358 | -31.1% |
| Fixed assets | 21/28 | €200,000 | €432,409 | +€232,409 | +116.2% |
| Financial fixed assets | 28 | €200,000 | €432,409 | +€232,409 | +116.2% |
| Affiliated companies | 280/1 | €200,000 | €432,409 | +€232,409 | +116.2% |
| Amounts receivable | 281 | €200,000 | €432,409 | +€232,409 | +116.2% |
| Current assets | 29/58 | €1,173,653 | €513,886 | -€659,767 | -56.2% |
| Amounts receivable within one year | 40/41 | €901,527 | €385,056 | -€516,470 | -57.3% |
| Trade receivables | 40 | €894,704 | €383,607 | -€511,097 | -57.1% |
| Other amounts receivable | 41 | €6,823 | €1,450 | -€5,373 | -78.8% |
| Cash at bank and in hand | 54/58 | €271,128 | €101,727 | -€169,400 | -62.5% |
| Deferred charges and accrued income | 490/1 | €999 | €27,102 | +€26,104 | +2613.9% |
| Total equity and liabilities | 10/49 | €1,373,653 | €946,295 | -€427,358 | -31.1% |
| Equity | 10/15 | €450,272 | €639,520 | +€189,248 | +42.0% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €387,272 | €387,272 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,860 | €2,860 | = | 0.0% |
| Distributable reserves | 133 | €378,112 | €378,112 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €189,248 | +€189,248 | |
| Provisions and deferred taxes | 16 | €6,000 | - | -€6,000 | |
| Provisions for liabilities and charges | 160/5 | €6,000 | - | -€6,000 | |
| Other liabilities and charges | 164/5 | €6,000 | - | -€6,000 | |
| Amounts payable | 17/49 | €917,381 | €306,775 | -€610,606 | -66.6% |
| Amounts payable within one year | 42/48 | €917,381 | €306,775 | -€610,606 | -66.6% |
| Trade debts | 44 | €587,246 | €159,085 | -€428,161 | -72.9% |
| Suppliers | 440/4 | €587,246 | €159,085 | -€428,161 | -72.9% |
| Taxes, remuneration and social security | 45 | €162,544 | €147,690 | -€14,854 | -9.1% |
| Taxes | 450/3 | €162,544 | €147,690 | -€14,854 | -9.1% |
| Other amounts payable | 47/48 | €167,591 | - | -€167,591 | |
| Operating income | 70/76A | €1,387,097 | €954,324 | -€432,773 | -31.2% |
| Turnover | 70 | €724,748 | - | -€724,748 | |
| Other operating income | 74 | €662,349 | €954,324 | +€291,976 | +44.1% |
| Operating charges | 60/66A | €866,013 | €723,134 | -€142,879 | -16.5% |
| Goods for resale, raw materials and consumables | 60 | €424,452 | - | -€424,452 | |
| Purchases | 600/8 | €424,452 | - | -€424,452 | |
| Services and other goods | 61 | €440,409 | €728,315 | +€287,905 | +65.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€6,000 | -€6,000 | |
| Other operating charges | 640/8 | €1,153 | €820 | -€333 | -28.9% |
| Operating profit (loss) | 9901 | €521,084 | €231,190 | -€289,894 | -55.6% |
| Financial income | 75/76B | €89 | €26,206 | +€26,117 | +29210.0% |
| Recurring financial income | 75 | €89 | €26,206 | +€26,117 | +29210.0% |
| Income from financial fixed assets | 750 | - | €26,104 | +€26,104 | |
| Income from current assets | 751 | €89 | €102 | +€13 | +14.6% |
| Financial charges | 65/66B | €1,432 | €4,577 | +€3,145 | +219.7% |
| Recurring financial charges | 65 | €1,432 | €4,577 | +€3,145 | +219.7% |
| Debt charges | 650 | €1,432 | €4,577 | +€3,145 | +219.7% |
| Profit (loss) for the period before taxes | 9903 | €519,741 | €252,819 | -€266,922 | -51.4% |
| Income taxes | 67/77 | €141,629 | €63,571 | -€78,058 | -55.1% |
| Taxes | 670/3 | €141,629 | €63,571 | -€78,058 | -55.1% |
| Profit (loss) for the period | 9904 | €378,112 | €189,248 | -€188,864 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €378,112 | €189,248 | -€188,864 | -49.9% |
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 7 October 2026 via checked.be.