Coolsaet Engineering: 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.
Coolsaet Engineering
Largest movements
- Tangible fixed assets -€51,653
down €51,653 (-4.3%), from €1.2m to €1.2m
- Cash -€32,535
down €32,535 (-78.0%), from €41,701 to €9,165
mainly Debts after one year (-€118,628) and Contributions, distributions and other (-€59,981)
- Debts after one year -€118,628
down €118,628 (-18.4%), from €645,635 to €527,007
- Other debts +€55,161
up €55,161 (+10010.5%), from €551 to €55,712
- Reserves -€24,063
down €24,063 (-5.1%), from €469,437 to €445,374
of which Distributable reserves: -€22,406
- Gross operating margin +€39,219
up €39,219 (+27.2%), from €144,397 to €183,615
- Taxes +€14,099
up €14,099 (+206.1%), from €6,840 to €20,940
- Financial charges -€11,096
down €11,096 (-21.1%), from €52,490 to €41,395
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 | €1,258,552 | €1,167,253 | -€91,299 | -7.3% |
| Fixed assets | 21/28 | €1,202,642 | €1,150,989 | -€51,653 | -4.3% |
| Tangible fixed assets | 22/27 | €1,202,642 | €1,150,989 | -€51,653 | -4.3% |
| Land and buildings | 22 | €1,202,642 | €1,150,989 | -€51,653 | -4.3% |
| Current assets | 29/58 | €55,910 | €16,264 | -€39,646 | -70.9% |
| Amounts receivable within one year | 40/41 | €12,018 | €4,133 | -€7,885 | -65.6% |
| Trade receivables | 40 | €3,407 | €4,117 | +€710 | +20.8% |
| Other amounts receivable | 41 | €8,611 | €16 | -€8,595 | -99.8% |
| Cash at bank and in hand | 54/58 | €41,701 | €9,165 | -€32,535 | -78.0% |
| Deferred charges and accrued income | 490/1 | €2,192 | €2,966 | +€774 | +35.3% |
| Total equity and liabilities | 10/49 | €1,258,552 | €1,167,253 | -€91,299 | -7.3% |
| Equity | 10/15 | €505,685 | €483,279 | -€22,406 | -4.4% |
| Contributions | 10/11 | €16,563 | €16,563 | = | 0.0% |
| Reserves | 13 | €469,437 | €445,374 | -€24,063 | -5.1% |
| Non-distributable reserves | 130/1 | €1,656 | - | -€1,656 | |
| Reserves not available under the articles | 1311 | €1,656 | - | -€1,656 | |
| Distributable reserves | 133 | €467,780 | €445,374 | -€22,406 | -4.8% |
| Profit (loss) carried forward | 14 | €19,686 | €21,342 | +€1,656 | +8.4% |
| Amounts payable | 17/49 | €752,867 | €683,974 | -€68,893 | -9.2% |
| Amounts payable after more than one year | 17 | €645,635 | €527,007 | -€118,628 | -18.4% |
| Financial debts | 170/4 | €645,635 | €527,007 | -€118,628 | -18.4% |
| Amounts payable within one year | 42/48 | €107,232 | €156,967 | +€49,735 | +46.4% |
| Current portion of amounts payable after more than one year | 42 | €72,817 | €67,091 | -€5,727 | -7.9% |
| Financial debts | 43 | €3,862 | €11 | -€3,851 | -99.7% |
| Credit institutions | 430/8 | €3,862 | €11 | -€3,851 | -99.7% |
| Taxes, remuneration and social security | 45 | €30,002 | €34,153 | +€4,151 | +13.8% |
| Taxes | 450/3 | €30,002 | €34,153 | +€4,151 | +13.8% |
| Other amounts payable | 47/48 | €551 | €55,712 | +€55,161 | +10010.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,653 | €51,653 | = | 0.0% |
| Other operating charges | 640/8 | €31,705 | €32,053 | +€347 | +1.1% |
| Gross operating margin | 9900 | €144,397 | €183,615 | +€39,219 | +27.2% |
| Operating profit (loss) | 9901 | €61,038 | €99,910 | +€38,872 | +63.7% |
| Financial charges | 65/66B | €52,490 | €41,395 | -€11,096 | -21.1% |
| Recurring financial charges | 65 | €52,490 | €41,395 | -€11,096 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €8,548 | €58,515 | +€49,967 | +584.6% |
| Income taxes | 67/77 | €6,840 | €20,940 | +€14,099 | +206.1% |
| Profit (loss) for the period | 9904 | €1,707 | €37,575 | +€35,868 | +2100.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,707 | €37,575 | +€35,868 | +2100.9% |
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 12 October 2026 via checked.be.