COLE&co: 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.
COLE&co
Largest movements
- Cash +€226,073
up €226,073 (+363%), from €62,315 to €288,387
mainly Net result for the year (+€478,157) and Current portion of long-term debt (+€101,016)
- Receivables within one year +€177,372
up €177,372 (+4,045%), from €4,385 to €181,757
- Reserves +€478,157
up €478,157 (+166%), from €287,917 to €766,074
of which Distributable reserves: +€478,157
- Debts after one year -€174,269
down €174,269 (-14.2%), from €1.2m to €1.1m
- Current portion of long-term debt +€101,016
new in 2025: €101,016
- Short-term financial debts +€66,986
new in 2025: €66,986
- Other debts -€63,351
no longer reported in 2025 (was €63,351)
- Financial income +€381,709
up €381,709 (+339,418%), from €112 to €381,821
- Gross operating margin -€52,989
down €52,989 (-16.2%), from €326,417 to €273,429
- Depreciation -€39,603
down €39,603 (-50.1%), from €79,022 to €39,419
- Taxes +€28,923
up €28,923 (+42.1%), from €68,653 to €97,575
- Other operating charges +€3,279
up €3,279 (+67.6%), from €4,852 to €8,131
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 | €1,600,444 | €2,005,219 | +€404,776 | +25.3% |
| Fixed assets | 21/28 | €1,530,960 | €1,532,679 | +€1,720 | +0.1% |
| Tangible fixed assets | 22/27 | €780,960 | €782,679 | +€1,720 | +0.2% |
| Land and buildings | 22 | €762,218 | €767,594 | +€5,376 | +0.7% |
| Plant, machinery and equipment | 23 | €16,125 | €12,465 | -€3,659 | -22.7% |
| Furniture and vehicles | 24 | €2,617 | €2,619 | +€2 | +0.1% |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €69,484 | €472,540 | +€403,056 | +580% |
| Amounts receivable within one year | 40/41 | €4,385 | €181,757 | +€177,372 | +4,045% |
| Other amounts receivable | 41 | €4,385 | €181,757 | +€177,372 | +4,045% |
| Cash at bank and in hand | 54/58 | €62,315 | €288,387 | +€226,073 | +363% |
| Deferred charges and accrued income | 490/1 | €2,784 | €2,396 | -€388 | -13.9% |
| Total equity and liabilities | 10/49 | €1,600,444 | €2,005,219 | +€404,776 | +25.3% |
| Equity | 10/15 | €294,117 | €772,274 | +€478,157 | +163% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €287,917 | €766,074 | +€478,157 | +166% |
| Tax-exempt reserves | 132 | €109 | €109 | = | 0.0% |
| Distributable reserves | 133 | €287,808 | €765,965 | +€478,157 | +166% |
| Amounts payable | 17/49 | €1,306,327 | €1,232,945 | -€73,381 | -5.6% |
| Amounts payable after more than one year | 17 | €1,228,945 | €1,054,676 | -€174,269 | -14.2% |
| Financial debts | 170/4 | €1,228,945 | €1,054,676 | -€174,269 | -14.2% |
| Amounts payable within one year | 42/48 | €68,847 | €169,736 | +€100,890 | +147% |
| Current portion of amounts payable after more than one year | 42 | - | €101,016 | +€101,016 | |
| Financial debts | 43 | - | €66,986 | +€66,986 | |
| Credit institutions | 430/8 | - | €66,986 | +€66,986 | |
| Trade debts | 44 | €1,877 | €970 | -€907 | -48.3% |
| Suppliers | 440/4 | €1,877 | €970 | -€907 | -48.3% |
| Taxes, remuneration and social security | 45 | €3,619 | €765 | -€2,854 | -78.9% |
| Taxes | 450/3 | €3,619 | €765 | -€2,854 | -78.9% |
| Other amounts payable | 47/48 | €63,351 | - | -€63,351 | |
| Accrued charges and deferred income | 492/3 | €8,535 | €8,533 | -€2 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,022 | €39,419 | -€39,603 | -50.1% |
| Other operating charges | 640/8 | €4,852 | €8,131 | +€3,279 | +67.6% |
| Gross operating margin | 9900 | €326,417 | €273,429 | -€52,989 | -16.2% |
| Operating profit (loss) | 9901 | €242,544 | €225,879 | -€16,665 | -6.9% |
| Financial income | 75/76B | €112 | €381,821 | +€381,709 | +339,418% |
| Recurring financial income | 75 | €112 | €381,821 | +€381,709 | +339,418% |
| Financial charges | 65/66B | €30,496 | €31,967 | +€1,471 | +4.8% |
| Recurring financial charges | 65 | €30,496 | €31,967 | +€1,471 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €212,160 | €575,733 | +€363,573 | +171% |
| Income taxes | 67/77 | €68,653 | €97,575 | +€28,923 | +42.1% |
| Profit (loss) for the period | 9904 | €143,508 | €478,157 | +€334,650 | +233% |
| Profit (loss) for the period to be appropriated | 9905 | €143,508 | €478,157 | +€334,650 | +233% |
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 15 October 2026 via checked.be.