COOLS: 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.
COOLS
Largest movements
- Receivables within one year +€173,188
up €173,188 (+10.4%), from €1.7m to €1.8m
of which Other amounts receivable: +€116,696
- Cash -€82,545
down €82,545 (-41.0%), from €201,502 to €118,957
mainly Contributions, distributions and other (-€190,000) and Receivables within one year (-€173,188)
- Tangible fixed assets -€64,225
down €64,225 (-13.1%), from €489,382 to €425,157
of which Land and buildings: -€40,324
- Stocks and contracts -€47,016
down €47,016 (-12.3%), from €383,429 to €336,414
- Trade debts -€126,696
down €126,696 (-23.5%), from €540,011 to €413,315
- Other debts +€100,000
up €100,000 (+110.7%), from €90,312 to €190,312
- Short-term financial debts +€80,000
up €80,000 (+114.3%), from €70,000 to €150,000
- Tax, wage and social debts -€31,859
down €31,859 (-38.4%), from €82,921 to €51,061
of which Remuneration and social security: -€26,049
- Debts after one year -€27,692
down €27,692 (-11.0%), from €251,539 to €223,846
- Gross operating margin +€266,108
up €266,108 (+20.7%), from €1.3m to €1.6m
- Staff costs +€179,207
up €179,207 (+17.0%), from €1.1m to €1.2m
- Depreciation -€16,320
down €16,320 (-19.1%), from €85,507 to €69,186
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 | €2,745,995 | €2,737,066 | -€8,929 | -0.3% |
| Fixed assets | 21/28 | €492,962 | €428,737 | -€64,225 | -13.0% |
| Tangible fixed assets | 22/27 | €489,382 | €425,157 | -€64,225 | -13.1% |
| Land and buildings | 22 | €420,003 | €379,678 | -€40,324 | -9.6% |
| Plant, machinery and equipment | 23 | €41,785 | €26,429 | -€15,355 | -36.7% |
| Furniture and vehicles | 24 | €27,595 | €19,050 | -€8,545 | -31.0% |
| Financial fixed assets | 28 | €3,580 | €3,580 | = | 0.0% |
| Current assets | 29/58 | €2,253,033 | €2,308,329 | +€55,296 | +2.5% |
| Stocks and contracts in progress | 3 | €383,429 | €336,414 | -€47,016 | -12.3% |
| Stocks | 30/36 | €383,429 | €336,414 | -€47,016 | -12.3% |
| Amounts receivable within one year | 40/41 | €1,663,480 | €1,836,667 | +€173,188 | +10.4% |
| Trade receivables | 40 | €548,789 | €605,281 | +€56,492 | +10.3% |
| Other amounts receivable | 41 | €1,114,690 | €1,231,386 | +€116,696 | +10.5% |
| Cash at bank and in hand | 54/58 | €201,502 | €118,957 | -€82,545 | -41.0% |
| Deferred charges and accrued income | 490/1 | €4,623 | €16,291 | +€11,669 | +252.4% |
| Total equity and liabilities | 10/49 | €2,745,995 | €2,737,066 | -€8,929 | -0.3% |
| Equity | 10/15 | €1,674,840 | €1,680,839 | +€6,000 | +0.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,374,840 | €1,380,839 | +€6,000 | +0.4% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,326,090 | €1,332,089 | +€6,000 | +0.5% |
| Amounts payable | 17/49 | €1,071,156 | €1,056,227 | -€14,929 | -1.4% |
| Amounts payable after more than one year | 17 | €251,539 | €223,846 | -€27,692 | -11.0% |
| Financial debts | 170/4 | €251,539 | €223,846 | -€27,692 | -11.0% |
| Amounts payable within one year | 42/48 | €810,936 | €832,380 | +€21,445 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €27,692 | €27,692 | = | 0.0% |
| Financial debts | 43 | €70,000 | €150,000 | +€80,000 | +114.3% |
| Credit institutions | 430/8 | €70,000 | €150,000 | +€80,000 | +114.3% |
| Trade debts | 44 | €540,011 | €413,315 | -€126,696 | -23.5% |
| Suppliers | 440/4 | €540,011 | €413,315 | -€126,696 | -23.5% |
| Taxes, remuneration and social security | 45 | €82,921 | €51,061 | -€31,859 | -38.4% |
| Taxes | 450/3 | €5,839 | €29 | -€5,810 | -99.5% |
| Remuneration and social security | 454/9 | €77,082 | €51,033 | -€26,049 | -33.8% |
| Other amounts payable | 47/48 | €90,312 | €190,312 | +€100,000 | +110.7% |
| Accrued charges and deferred income | 492/3 | €8,681 | - | -€8,681 | |
| Remuneration, social security and pensions | 62 | €1,051,642 | €1,230,849 | +€179,207 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,507 | €69,186 | -€16,320 | -19.1% |
| Other operating charges | 640/8 | €33,776 | €38,368 | +€4,591 | +13.6% |
| Gross operating margin | 9900 | €1,286,677 | €1,552,785 | +€266,108 | +20.7% |
| Operating profit (loss) | 9901 | €115,752 | €214,382 | +€98,630 | +85.2% |
| Financial income | 75/76B | €2,418 | €0 | -€2,418 | -100.0% |
| Recurring financial income | 75 | €2,418 | €0 | -€2,418 | -100.0% |
| Financial charges | 65/66B | €7,665 | €8,978 | +€1,313 | +17.1% |
| Recurring financial charges | 65 | €7,665 | €8,978 | +€1,313 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €110,505 | €205,404 | +€94,898 | +85.9% |
| Income taxes | 67/77 | €10,160 | €9,404 | -€756 | -7.4% |
| Profit (loss) for the period | 9904 | €100,345 | €196,000 | +€95,655 | +95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €100,345 | €196,000 | +€95,655 | +95.3% |
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 9 October 2026 via checked.be.