COOLMORE: 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.
What changed
COOLMORE
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€489,397
2024 · €471,136+€18,261
Equity
€3.3m
2024 · €2.9m+€400,822
Cash
€49,720
2024 · €49,712+€7
Balance sheet total
€6.4m
2024 · €7.2m-€828,710
Largest movements
Assets
- Tangible fixed assets -€1.7m
down €1.7m (-26.7%), from €6.2m to €4.5m
of which Land and buildings: -€1.7m
- Stocks and contracts +€620,151
new in 2025: €620,151
- Receivables within one year +€220,624
up €220,624 (+40.4%), from €546,772 to €767,395
of which Other amounts receivable: +€226,516
Equity and liabilities
- Short-term financial debts -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Reserves +€400,822
up €400,822 (+14.8%), from €2.7m to €3.1m
of which Tax-exempt reserves: +€299,373
- Debts after one year -€265,200
down €265,200 (-13.1%), from €2.0m to €1.8m
- Provisions +€114,611
up €114,611 (+24.8%), from €462,286 to €576,897
of which Deferred taxes: +€89,951
- Current portion of long-term debt -€112,465
down €112,465 (-40.2%), from €279,843 to €167,378
Income statement
- Gross operating margin -€118,381
down €118,381 (-9.2%), from €1.3m to €1.2m
- Provisions +€59,510
up €59,510, from -€34,850 to €24,660
- Taxes +€52,813
up €52,813 (+150.5%), from €35,100 to €87,913
- Financial charges -€46,513
down €46,513 (-25.5%), from €182,322 to €135,809
- Depreciation -€39,649
down €39,649 (-12.8%), from €309,254 to €269,605
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.
Result 2024
€471,136
Gross operating margin
-€118,381
Depreciation
+€39,649
Write-downs
+€6,687
Provisions
-€59,510
Other operating charges
+€15,391
Financial income
+€18,296
Financial charges
+€46,513
Taxes
-€52,813
Deferred taxes and other
+€122,429
Result 2025
€489,397
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.
From operations
+€126,032
Investment
+€1.4m
Financing
-€1.5m
Cash 2024
€49,712
From operations (derived)
+€126,032
Net result for the year
+€489,397
Depreciation
+€269,605
Stocks and contracts
-€620,151
Receivables within one year
-€220,624
Deferred charges and accrued income
+€14,671
Provisions
+€114,611
Trade debts
-€2,184
Tax, wage and social debts
+€39,392
Other debts
+€86,618
Accrued charges and deferred income
-€45,304
Investment (derived)
+€1.4m
Investment in fixed assets (net)
+€1.4m
Current investments
-€2,218
Financing
-€1.5m
Debts after one year
-€265,200
Current portion of long-term debt
-€112,465
Short-term financial debts
-€1.0m
Contributions, distributions and other
-€88,576
Cash 2025
€49,720
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,246,097 | €6,417,386 | -€828,710 | -11.4% |
| Fixed assets | 21/28 | €6,318,702 | €4,661,663 | -€1.7m | -26.2% |
| Tangible fixed assets | 22/27 | €6,196,674 | €4,539,535 | -€1.7m | -26.7% |
| Land and buildings | 22 | €6,176,766 | €4,520,464 | -€1.7m | -26.8% |
| Plant, machinery and equipment | 23 | €1,732 | €1,332 | -€400 | -23.1% |
| Furniture and vehicles | 24 | €18,177 | €17,739 | -€438 | -2.4% |
| Financial fixed assets | 28 | €122,028 | €122,128 | +€100 | +0.1% |
| Current assets | 29/58 | €927,394 | €1,755,723 | +€828,329 | +89.3% |
| Stocks and contracts in progress | 3 | - | €620,151 | +€620,151 | |
| Stocks | 30/36 | - | €620,151 | +€620,151 | |
| Amounts receivable within one year | 40/41 | €546,772 | €767,395 | +€220,624 | +40.4% |
| Trade receivables | 40 | €48,338 | €42,446 | -€5,892 | -12.2% |
| Other amounts receivable | 41 | €498,434 | €724,949 | +€226,516 | +45.4% |
| Current investments | 50/53 | €296,179 | €298,397 | +€2,218 | +0.7% |
| Cash at bank and in hand | 54/58 | €49,712 | €49,720 | +€7 | 0.0% |
| Deferred charges and accrued income | 490/1 | €34,731 | €20,060 | -€14,671 | -42.2% |
| Total equity and liabilities | 10/49 | €7,246,097 | €6,417,386 | -€828,710 | -11.4% |
| Equity | 10/15 | €2,905,875 | €3,306,697 | +€400,822 | +13.8% |
| Contributions | 10/11 | €192,117 | €192,117 | = | 0.0% |
| Capital | 10 | €192,117 | €192,117 | = | 0.0% |
| Issued capital | 100 | €192,117 | €192,117 | = | 0.0% |
| Reserves | 13 | €2,713,757 | €3,114,579 | +€400,822 | +14.8% |
| Non-distributable reserves | 130/1 | €19,212 | €19,212 | = | 0.0% |
| Legal reserve | 130 | €19,212 | €19,212 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,127,089 | €1,426,463 | +€299,373 | +26.6% |
| Distributable reserves | 133 | €1,567,456 | €1,668,905 | +€101,448 | +6.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €462,286 | €576,897 | +€114,611 | +24.8% |
| Provisions for liabilities and charges | 160/5 | €0 | €24,660 | +€24,660 | |
| Other liabilities and charges | 164/5 | €0 | €24,660 | +€24,660 | |
| Deferred taxes | 168 | €462,286 | €552,237 | +€89,951 | +19.5% |
| Amounts payable | 17/49 | €3,877,936 | €2,533,793 | -€1.3m | -34.7% |
| Amounts payable after more than one year | 17 | €2,031,791 | €1,766,591 | -€265,200 | -13.1% |
| Financial debts | 170/4 | €2,031,791 | €1,766,591 | -€265,200 | -13.1% |
| Amounts payable within one year | 42/48 | €1,800,840 | €767,202 | -€1.0m | -57.4% |
| Current portion of amounts payable after more than one year | 42 | €279,843 | €167,378 | -€112,465 | -40.2% |
| Financial debts | 43 | €1,045,000 | €0 | -€1.0m | -100.0% |
| Credit institutions | 430/8 | €1,045,000 | €0 | -€1.0m | -100.0% |
| Trade debts | 44 | €19,809 | €17,625 | -€2,184 | -11.0% |
| Suppliers | 440/4 | €19,809 | €17,625 | -€2,184 | -11.0% |
| Taxes, remuneration and social security | 45 | €5,117 | €44,509 | +€39,392 | +769.9% |
| Taxes | 450/3 | €5,117 | €44,509 | +€39,392 | +769.9% |
| Other amounts payable | 47/48 | €451,071 | €537,689 | +€86,618 | +19.2% |
| Accrued charges and deferred income | 492/3 | €45,304 | €0 | -€45,304 | -100.0% |
| Non-recurring operating income | 76A | €337,382 | €0 | -€337,382 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309,254 | €269,605 | -€39,649 | -12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,687 | €0 | -€6,687 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€34,850 | €24,660 | +€59,510 | |
| Other operating charges | 640/8 | €111,848 | €96,457 | -€15,391 | -13.8% |
| Gross operating margin | 9900 | €1,282,480 | €1,164,099 | -€118,381 | -9.2% |
| Operating profit (loss) | 9901 | €889,540 | €773,376 | -€116,164 | -13.1% |
| Financial income | 75/76B | €11,397 | €29,694 | +€18,296 | +160.5% |
| Recurring financial income | 75 | €11,397 | €29,694 | +€18,296 | +160.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €182,322 | €135,809 | -€46,513 | -25.5% |
| Recurring financial charges | 65 | €182,322 | €135,809 | -€46,513 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €718,616 | €667,261 | -€51,355 | -7.1% |
| Transfer from deferred taxes | 780 | €27,602 | €48,827 | +€21,225 | +76.9% |
| Transfer to deferred taxes | 680 | €239,981 | €138,777 | -€101,204 | -42.2% |
| Income taxes | 67/77 | €35,100 | €87,913 | +€52,813 | +150.5% |
| Profit (loss) for the period | 9904 | €471,136 | €489,397 | +€18,261 | +3.9% |
| Transfer from tax-exempt reserves | 789 | €68,531 | €116,959 | +€48,428 | +70.7% |
| Transfer to tax-exempt reserves | 689 | €650,560 | €416,332 | -€234,228 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,893 | €190,024 | +€300,918 |
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 8 October 2026 via checked.be.