Cools L&A: 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.
Cools L&A
Largest movements
- Receivables within one year -€78,585
down €78,585 (-57.3%), from €137,067 to €58,482
of which Trade receivables: -€78,585
- Tangible fixed assets -€45,753
down €45,753 (-2.0%), from €2.3m to €2.3m
of which Land and buildings: -€42,321
- Debts after one year -€147,640
down €147,640 (-7.6%), from €1.9m to €1.8m
of which Financial debts: -€120,640
- Advances received -€110,366
no longer reported in 2025 (was €110,366)
- Profit (loss) carried forward +€63,628
up €63,628 (+39.4%), from €161,312 to €224,940
- Reserves +€42,100
new in 2025: €42,100
- Other debts +€30,300
up €30,300 (+11.4%), from €266,861 to €297,161
- Gross operating margin +€46,508
up €46,508 (+8.3%), from €558,518 to €605,026
- Taxes +€14,628
up €14,628 (+87.1%), from €16,785 to €31,413
- Staff costs -€10,852
down €10,852 (-3.3%), from €324,758 to €313,906
- Financial charges -€9,271
down €9,271 (-18.4%), from €50,263 to €40,992
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 | €2,827,174 | €2,725,761 | -€101,413 | -3.6% |
| Fixed assets | 21/28 | €2,333,840 | €2,288,087 | -€45,753 | -2.0% |
| Tangible fixed assets | 22/27 | €2,333,840 | €2,288,087 | -€45,753 | -2.0% |
| Land and buildings | 22 | €2,307,484 | €2,265,162 | -€42,321 | -1.8% |
| Plant, machinery and equipment | 23 | €13,927 | €17,560 | +€3,633 | +26.1% |
| Furniture and vehicles | 24 | €12,430 | €5,364 | -€7,065 | -56.8% |
| Current assets | 29/58 | €493,334 | €437,675 | -€55,660 | -11.3% |
| Stocks and contracts in progress | 3 | €254,405 | €256,354 | +€1,949 | +0.8% |
| Stocks | 30/36 | €254,405 | €256,354 | +€1,949 | +0.8% |
| Amounts receivable within one year | 40/41 | €137,067 | €58,482 | -€78,585 | -57.3% |
| Trade receivables | 40 | €136,932 | €58,347 | -€78,585 | -57.4% |
| Other amounts receivable | 41 | €135 | €135 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €99,376 | €101,972 | +€2,596 | +2.6% |
| Deferred charges and accrued income | 490/1 | €2,486 | €20,867 | +€18,381 | +739.3% |
| Total equity and liabilities | 10/49 | €2,827,174 | €2,725,761 | -€101,413 | -3.6% |
| Equity | 10/15 | €166,312 | €272,040 | +€105,728 | +63.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €42,100 | +€42,100 | |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Profit (loss) carried forward | 14 | €161,312 | €224,940 | +€63,628 | +39.4% |
| Amounts payable | 17/49 | €2,660,862 | €2,453,721 | -€207,141 | -7.8% |
| Amounts payable after more than one year | 17 | €1,939,014 | €1,791,374 | -€147,640 | -7.6% |
| Financial debts | 170/4 | €1,799,066 | €1,678,427 | -€120,640 | -6.7% |
| Trade debts | 175 | €139,948 | €112,948 | -€27,000 | -19.3% |
| Amounts payable within one year | 42/48 | €701,341 | €641,889 | -€59,452 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €122,686 | €132,393 | +€9,706 | +7.9% |
| Trade debts | 44 | €129,430 | €147,010 | +€17,580 | +13.6% |
| Suppliers | 440/4 | €129,430 | €147,010 | +€17,580 | +13.6% |
| Advances received on contracts in progress | 46 | €110,366 | - | -€110,366 | |
| Taxes, remuneration and social security | 45 | €71,999 | €65,326 | -€6,672 | -9.3% |
| Taxes | 450/3 | €32,075 | €39,965 | +€7,890 | +24.6% |
| Remuneration and social security | 454/9 | €39,924 | €25,361 | -€14,562 | -36.5% |
| Other amounts payable | 47/48 | €266,861 | €297,161 | +€30,300 | +11.4% |
| Accrued charges and deferred income | 492/3 | €20,507 | €20,457 | -€49 | -0.2% |
| Non-recurring operating income | 76A | €21,450 | €13,989 | -€7,461 | -34.8% |
| Remuneration, social security and pensions | 62 | €324,758 | €313,906 | -€10,852 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,778 | €73,815 | +€6,037 | +8.9% |
| Other operating charges | 640/8 | €29,241 | €29,479 | +€238 | +0.8% |
| Gross operating margin | 9900 | €558,518 | €605,026 | +€46,508 | +8.3% |
| Operating profit (loss) | 9901 | €136,741 | €187,827 | +€51,086 | +37.4% |
| Financial income | 75/76B | €343 | €306 | -€37 | -10.7% |
| Recurring financial income | 75 | €343 | €306 | -€37 | -10.7% |
| Financial charges | 65/66B | €50,263 | €40,992 | -€9,271 | -18.4% |
| Recurring financial charges | 65 | €50,263 | €40,992 | -€9,271 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €86,821 | €147,141 | +€60,320 | +69.5% |
| Income taxes | 67/77 | €16,785 | €31,413 | +€14,628 | +87.1% |
| Profit (loss) for the period | 9904 | €70,036 | €115,728 | +€45,692 | +65.2% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,036 | €73,628 | +€3,592 | +5.1% |
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 3 October 2026 via checked.be.