COOLS I & J: what changed
COOLS I & J
Largest movements
- Receivables within one year +€80,721
up €80,721 (+184%), from €43,883 to €124,604
of which Trade receivables: +€47,716
- Cash -€34,143
down €34,143 (-14.7%), from €232,304 to €198,161
mainly Receivables within one year (-€80,721) and Investment in fixed assets (net) (-€37,508)
- Stocks and contracts +€32,536
up €32,536 (+26.7%), from €121,948 to €154,485
- Tangible fixed assets +€10,831
up €10,831 (+9.4%), from €115,738 to €126,569
of which Furniture and vehicles: +€27,726
- Reserves +€40,379
up €40,379 (+8.8%), from €458,968 to €499,347
of which Distributable reserves: +€50,808
- Advances received +€15,950
new in 2025: €15,950
- Current portion of long-term debt +€12,077
up €12,077 (+132%), from €9,183 to €21,260
- Debts after one year +€9,703
up €9,703 (+49.5%), from €19,589 to €29,292
- Trade debts +€8,465
up €8,465 (+62.5%), from €13,534 to €21,999
- Gross operating margin -€11,329
down €11,329 (-10.7%), from €105,395 to €94,066
- Financial income +€3,833
up €3,833 (+397%), from €965 to €4,797
- Depreciation -€3,165
down €3,165 (-10.6%), from €29,841 to €26,676
- Write-downs +€2,120
up €2,120, from -€2,120 to €0
- Taxes -€1,820
down €1,820 (-10.9%), from €16,660 to €14,840
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €623,160 | €713,160 | +€90,001 | +14.4% |
| Fixed assets | 21/28 | €115,743 | €126,574 | +€10,831 | +9.4% |
| Tangible fixed assets | 22/27 | €115,738 | €126,569 | +€10,831 | +9.4% |
| Land and buildings | 22 | €61,276 | €58,095 | -€3,181 | -5.2% |
| Plant, machinery and equipment | 23 | €41,908 | €28,194 | -€13,714 | -32.7% |
| Furniture and vehicles | 24 | €12,554 | €40,280 | +€27,726 | +221% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €507,417 | €586,586 | +€79,169 | +15.6% |
| Stocks and contracts in progress | 3 | €121,948 | €154,485 | +€32,536 | +26.7% |
| Stocks | 30/36 | €121,948 | €154,485 | +€32,536 | +26.7% |
| Amounts receivable within one year | 40/41 | €43,883 | €124,604 | +€80,721 | +184% |
| Trade receivables | 40 | €37,821 | €85,537 | +€47,716 | +126% |
| Other amounts receivable | 41 | €6,062 | €39,067 | +€33,005 | +544% |
| Current investments | 50/53 | €100,000 | €102,170 | +€2,170 | +2.2% |
| Cash at bank and in hand | 54/58 | €232,304 | €198,161 | -€34,143 | -14.7% |
| Deferred charges and accrued income | 490/1 | €9,281 | €7,166 | -€2,115 | -22.8% |
| Total equity and liabilities | 10/49 | €623,160 | €713,160 | +€90,001 | +14.4% |
| Equity | 10/15 | €570,442 | €610,821 | +€40,379 | +7.1% |
| Contributions | 10/11 | €104,289 | €104,289 | = | 0.0% |
| Reserves | 13 | €458,968 | €499,347 | +€40,379 | +8.8% |
| Non-distributable reserves | 130/1 | €10,429 | €0 | -€10,429 | -100% |
| Reserves not available under the articles | 1311 | €10,429 | €0 | -€10,429 | -100% |
| Distributable reserves | 133 | €448,539 | €499,347 | +€50,808 | +11.3% |
| Profit (loss) carried forward | 14 | €7,185 | €7,185 | = | 0.0% |
| Amounts payable | 17/49 | €52,718 | €102,340 | +€49,621 | +94.1% |
| Amounts payable after more than one year | 17 | €19,589 | €29,292 | +€9,703 | +49.5% |
| Financial debts | 170/4 | €19,589 | €29,292 | +€9,703 | +49.5% |
| Amounts payable within one year | 42/48 | €33,064 | €72,981 | +€39,917 | +121% |
| Current portion of amounts payable after more than one year | 42 | €9,183 | €21,260 | +€12,077 | +132% |
| Trade debts | 44 | €13,534 | €21,999 | +€8,465 | +62.5% |
| Suppliers | 440/4 | €13,534 | €21,999 | +€8,465 | +62.5% |
| Advances received on contracts in progress | 46 | - | €15,950 | +€15,950 | |
| Taxes, remuneration and social security | 45 | €10,346 | €13,771 | +€3,425 | +33.1% |
| Taxes | 450/3 | €10,346 | €13,771 | +€3,425 | +33.1% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100% |
| Remuneration, social security and pensions | 62 | €1,657 | €0 | -€1,657 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,841 | €26,676 | -€3,165 | -10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,120 | €0 | +€2,120 | |
| Other operating charges | 640/8 | €9,725 | €10,550 | +€825 | +8.5% |
| Gross operating margin | 9900 | €105,395 | €94,066 | -€11,329 | -10.7% |
| Operating profit (loss) | 9901 | €66,291 | €56,840 | -€9,452 | -14.3% |
| Financial income | 75/76B | €965 | €4,797 | +€3,833 | +397% |
| Recurring financial income | 75 | €965 | €4,797 | +€3,833 | +397% |
| Financial charges | 65/66B | €7,057 | €6,418 | -€639 | -9.1% |
| Recurring financial charges | 65 | €7,057 | €6,418 | -€639 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €60,200 | €55,219 | -€4,980 | -8.3% |
| Income taxes | 67/77 | €16,660 | €14,840 | -€1,820 | -10.9% |
| Profit (loss) for the period | 9904 | €43,539 | €40,379 | -€3,160 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,539 | €40,379 | -€3,160 | -7.3% |
Next steps
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 3 November 2026 via checked.be.