COOLS-VANDAELE: 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-VANDAELE
Largest movements
- Tangible fixed assets -€809,826
down €809,826 (-33.8%), from €2.4m to €1.6m
of which Land and buildings: -€809,629
- Receivables within one year -€457,956
down €457,956 (-35.9%), from €1.3m to €818,967
of which Other amounts receivable: -€769,077
- Cash -€98,259
down €98,259 (-45.7%), from €214,875 to €116,615
mainly Contributions, distributions and other (-€1.6m) and Net result for the year (-€84,838)
- Contributions -€1.3m
down €1.3m (-42.2%), from €3.0m to €1.7m
- Reserves -€406,810
down €406,810 (-53.3%), from €763,685 to €356,875
- Trade debts +€234,606
up €234,606 (+768.7%), from €30,521 to €265,127
- Advances received +€91,196
up €91,196 (+606.3%), from €15,042 to €106,238
- Tax, wage and social debts -€59,798
down €59,798 (-56.2%), from €106,405 to €46,607
- Gross operating margin -€585,890
down €585,890, from €563,381 to -€22,509
- Taxes -€143,114
no longer reported in 2025 (was €143,114)
- Depreciation +€38,728
up €38,728 (+334.5%), from €11,579 to €50,306
- Other operating charges +€9,479
up €9,479 (+199.2%), from €4,759 to €14,238
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 | €3,960,570 | €2,594,528 | -€1.4m | -34.5% |
| Fixed assets | 21/28 | €2,395,062 | €1,585,236 | -€809,826 | -33.8% |
| Tangible fixed assets | 22/27 | €2,395,062 | €1,585,236 | -€809,826 | -33.8% |
| Land and buildings | 22 | €2,394,553 | €1,584,925 | -€809,629 | -33.8% |
| Furniture and vehicles | 24 | €509 | €311 | -€198 | -38.8% |
| Current assets | 29/58 | €1,565,508 | €1,009,292 | -€556,215 | -35.5% |
| Amounts receivable within one year | 40/41 | €1,276,923 | €818,967 | -€457,956 | -35.9% |
| Trade receivables | 40 | €50,114 | €361,235 | +€311,121 | +620.8% |
| Other amounts receivable | 41 | €1,226,810 | €457,732 | -€769,077 | -62.7% |
| Current investments | 50/53 | €73,710 | €73,710 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €214,875 | €116,615 | -€98,259 | -45.7% |
| Total equity and liabilities | 10/49 | €3,960,570 | €2,594,528 | -€1.4m | -34.5% |
| Equity | 10/15 | €3,768,185 | €2,094,668 | -€1.7m | -44.4% |
| Contributions | 10/11 | €3,004,500 | €1,737,793 | -€1.3m | -42.2% |
| Reserves | 13 | €763,685 | €356,875 | -€406,810 | -53.3% |
| Distributable reserves | 133 | €763,685 | €356,875 | -€406,810 | -53.3% |
| Amounts payable | 17/49 | €192,385 | €499,860 | +€307,475 | +159.8% |
| Amounts payable within one year | 42/48 | €191,665 | €499,860 | +€308,195 | +160.8% |
| Trade debts | 44 | €30,521 | €265,127 | +€234,606 | +768.7% |
| Suppliers | 440/4 | €30,521 | €265,127 | +€234,606 | +768.7% |
| Advances received on contracts in progress | 46 | €15,042 | €106,238 | +€91,196 | +606.3% |
| Taxes, remuneration and social security | 45 | €106,405 | €46,607 | -€59,798 | -56.2% |
| Taxes | 450/3 | €106,405 | €46,607 | -€59,798 | -56.2% |
| Other amounts payable | 47/48 | €39,697 | €81,888 | +€42,191 | +106.3% |
| Accrued charges and deferred income | 492/3 | €720 | - | -€720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,579 | €50,306 | +€38,728 | +334.5% |
| Other operating charges | 640/8 | €4,759 | €14,238 | +€9,479 | +199.2% |
| Gross operating margin | 9900 | €563,381 | -€22,509 | -€585,890 | |
| Operating profit (loss) | 9901 | €547,044 | -€87,054 | -€634,097 | |
| Financial income | 75/76B | €7,690 | €2,274 | -€5,415 | -70.4% |
| Recurring financial income | 75 | €7,690 | €2,274 | -€5,415 | -70.4% |
| Financial charges | 65/66B | €161 | €59 | -€102 | -63.5% |
| Recurring financial charges | 65 | €161 | €59 | -€102 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €554,572 | -€84,838 | -€639,410 | |
| Income taxes | 67/77 | €143,114 | - | -€143,114 | |
| Profit (loss) for the period | 9904 | €411,458 | -€84,838 | -€496,296 | |
| Profit (loss) for the period to be appropriated | 9905 | €411,458 | -€84,838 | -€496,296 |
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 1 October 2026 via checked.be.