COOL ELECTRO CYCLES: what changed
What changed
COOL ELECTRO CYCLES
NACE 47.632, Retail sale of bicycles
filed annual accounts (NBB)
Net result for the year
-€2.1m
2024 · -€346,228-€1.8m
Equity
-€835,489
2024 · €1.3m-€2.1m
Cash
€288,034
2024 · €631,352-€343,318
Balance sheet total
€6.4m
2024 · €8.8m-€2.4m
Largest movements
Assets
- Stocks and contracts -€1.8m
down €1.8m (-31.2%), from €5.7m to €3.9m
of which Stocks: -€1.3m
- Cash -€343,318
down €343,318 (-54.4%), from €631,352 to €288,034
mainly Net result for the year (-€2.1m) and Advances received (-€136,546)
- Tangible fixed assets -€164,916
down €164,916 (-18.2%), from €908,262 to €743,346
of which Other tangible fixed assets: -€131,185
- Intangible fixed assets -€110,566
down €110,566 (-14.1%), from €783,732 to €673,166
Equity and liabilities
- Profit (loss) carried forward -€2.1m
new in 2025: -€2.1m
- Advances received -€136,546
down €136,546 (-88.1%), from €154,974 to €18,429
- Current portion of long-term debt -€107,100
down €107,100 (-13.1%), from €815,803 to €708,703
Income statement
- Turnover -€2.5m
down €2.5m (-15.8%), from €15.6m to €13.1m
- Goods and materials -€1.4m
down €1.4m (-13.1%), from €10.6m to €9.2m
of which Purchases: -€3.8m
- Staff costs -€188,083
down €188,083 (-9.0%), from €2.1m to €1.9m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€346,228
Turnover
-€2.5m
Other operating income
-€48,648
Goods and materials
+€1.4m
Services and other goods
+€145,104
Staff costs
+€188,083
Depreciation
-€9,805
Write-downs
-€8,439
Other operating charges
+€788
Other operating items
-€968,896
Financial income
+€5,319
Financial charges
+€11,588
Result 2025
-€2.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€209,884
Investment
-€10,417
Financing
-€123,017
Cash 2024
€631,352
From operations (derived)
-€209,884
Net result for the year
-€2.1m
Depreciation
+€284,000
Stocks and contracts
+€1.8m
Receivables within one year
+€62,590
Deferred charges and accrued income
-€31,174
Trade debts
-€13,674
Tax, wage and social debts
-€44,033
Advances received
-€136,546
Other debts
-€232
Accrued charges and deferred income
-€18,488
Investment (derived)
-€10,417
Investment in fixed assets (net)
-€10,417
Financing
-€123,017
Debts after one year
+€9,750
Current portion of long-term debt
-€107,100
Short-term financial debts
-€25,667
Cash 2025
€288,034
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,822,629 | €6,383,931 | -€2.4m | -27.6% |
| Fixed assets | 21/28 | €2,037,371 | €1,763,788 | -€273,583 | -13.4% |
| Intangible fixed assets | 21 | €783,732 | €673,166 | -€110,566 | -14.1% |
| Tangible fixed assets | 22/27 | €908,262 | €743,346 | -€164,916 | -18.2% |
| Plant, machinery and equipment | 23 | €14,278 | €14,178 | -€100 | -0.7% |
| Furniture and vehicles | 24 | €62,723 | €63,543 | +€820 | +1.3% |
| Leasing and similar rights | 25 | €90,698 | €56,247 | -€34,451 | -38.0% |
| Other tangible fixed assets | 26 | €740,564 | €609,379 | -€131,185 | -17.7% |
| Financial fixed assets | 28 | €345,376 | €347,276 | +€1,900 | +0.6% |
| Affiliated companies | 280/1 | €339,998 | €339,998 | = | 0.0% |
| Participating interests | 280 | €339,998 | €339,998 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,378 | €7,278 | +€1,900 | +35.3% |
| Amounts receivable and cash guarantees | 285/8 | €5,378 | €7,278 | +€1,900 | +35.3% |
| Current assets | 29/58 | €6,785,258 | €4,620,143 | -€2.2m | -31.9% |
| Stocks and contracts in progress | 3 | €5,736,667 | €3,946,286 | -€1.8m | -31.2% |
| Stocks | 30/36 | €5,278,003 | €3,946,286 | -€1.3m | -25.2% |
| Goods purchased for resale | 34 | €5,278,003 | €3,946,286 | -€1.3m | -25.2% |
| Contracts in progress | 37 | €458,664 | - | -€458,664 | |
| Amounts receivable within one year | 40/41 | €407,939 | €345,350 | -€62,590 | -15.3% |
| Trade receivables | 40 | €405,815 | €298,787 | -€107,028 | -26.4% |
| Other amounts receivable | 41 | €2,124 | €46,563 | +€44,439 | +2,092% |
| Cash at bank and in hand | 54/58 | €631,352 | €288,034 | -€343,318 | -54.4% |
| Deferred charges and accrued income | 490/1 | €9,300 | €40,474 | +€31,174 | +335% |
| Total equity and liabilities | 10/49 | €8,822,629 | €6,383,931 | -€2.4m | -27.6% |
| Equity | 10/15 | €1,267,217 | -€835,489 | -€2.1m | |
| Contributions | 10/11 | €1,058,600 | €1,058,600 | = | 0.0% |
| Reserves | 13 | €208,617 | €208,617 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,121 | €3,121 | = | 0.0% |
| Distributable reserves | 133 | €205,496 | €205,496 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,102,707 | -€2.1m | |
| Amounts payable | 17/49 | €7,555,411 | €7,219,420 | -€335,991 | -4.4% |
| Amounts payable after more than one year | 17 | €2,387,475 | €2,397,225 | +€9,750 | +0.4% |
| Financial debts | 170/4 | €2,387,475 | €2,397,225 | +€9,750 | +0.4% |
| Subordinated loans | 170 | €557,811 | €507,183 | -€50,628 | -9.1% |
| Leasing and similar obligations | 172 | €56,743 | €22,018 | -€34,725 | -61.2% |
| Credit institutions | 173 | €1,105,037 | €735,557 | -€369,480 | -33.4% |
| Other loans | 174 | €667,885 | €1,132,467 | +€464,582 | +69.6% |
| Amounts payable within one year | 42/48 | €5,149,448 | €4,822,196 | -€327,252 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €815,803 | €708,703 | -€107,100 | -13.1% |
| Financial debts | 43 | €2,238,667 | €2,213,000 | -€25,667 | -1.1% |
| Credit institutions | 430/8 | €2,238,667 | €2,213,000 | -€25,667 | -1.1% |
| Trade debts | 44 | €1,429,560 | €1,415,886 | -€13,674 | -1.0% |
| Suppliers | 440/4 | €1,429,560 | €1,415,886 | -€13,674 | -1.0% |
| Advances received on contracts in progress | 46 | €154,974 | €18,429 | -€136,546 | -88.1% |
| Taxes, remuneration and social security | 45 | €510,211 | €466,178 | -€44,033 | -8.6% |
| Taxes | 450/3 | €197,072 | €142,259 | -€54,813 | -27.8% |
| Remuneration and social security | 454/9 | €313,139 | €323,919 | +€10,780 | +3.4% |
| Other amounts payable | 47/48 | €232 | - | -€232 | |
| Accrued charges and deferred income | 492/3 | €18,488 | - | -€18,488 | |
| Operating income | 70/76A | €15,890,263 | €12,699,943 | -€3.2m | -20.1% |
| Turnover | 70 | €15,552,283 | €13,091,898 | -€2.5m | -15.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €50,854 | -€458,664 | -€509,518 | |
| Other operating income | 74 | €111,357 | €62,709 | -€48,648 | -43.7% |
| Non-recurring operating income | 76A | €175,769 | €4,000 | -€171,769 | -97.7% |
| Operating charges | 60/66A | €15,997,596 | €14,580,661 | -€1.4m | -8.9% |
| Goods for resale, raw materials and consumables | 60 | €10,612,227 | €9,223,414 | -€1.4m | -13.1% |
| Purchases | 600/8 | €11,699,732 | €7,891,696 | -€3.8m | -32.5% |
| Change in stocks: decrease (increase) | 609 | -€1,087,506 | €1,331,718 | +€2.4m | |
| Services and other goods | 61 | €3,014,452 | €2,869,348 | -€145,104 | -4.8% |
| Remuneration, social security and pensions | 62 | €2,088,593 | €1,900,510 | -€188,083 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,195 | €284,000 | +€9,805 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,439 | +€8,439 | |
| Other operating charges | 640/8 | €8,128 | €7,340 | -€788 | -9.7% |
| Non-recurring operating charges | 66A | - | €287,609 | +€287,609 | |
| Operating profit (loss) | 9901 | -€107,333 | -€1,880,718 | -€1.8m | -1,652% |
| Financial income | 75/76B | €51,440 | €56,759 | +€5,319 | +10.3% |
| Recurring financial income | 75 | €51,440 | €56,759 | +€5,319 | +10.3% |
| Income from current assets | 751 | - | €100 | +€100 | |
| Other financial income | 752/9 | €51,440 | €56,659 | +€5,219 | +10.1% |
| Financial charges | 65/66B | €290,336 | €278,748 | -€11,588 | -4.0% |
| Recurring financial charges | 65 | €290,336 | €278,748 | -€11,588 | -4.0% |
| Debt charges | 650 | €225,798 | €238,136 | +€12,337 | +5.5% |
| Other financial charges | 652/9 | €64,537 | €40,612 | -€23,925 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | -€346,228 | -€2,102,707 | -€1.8m | -507% |
| Profit (loss) for the period | 9904 | -€346,228 | -€2,102,707 | -€1.8m | -507% |
| Profit (loss) for the period to be appropriated | 9905 | -€346,228 | -€2,102,707 | -€1.8m | -507% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.