COOLWAVE: 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.
COOLWAVE
Largest movements
- Receivables within one year -€94,252
down €94,252 (-28.4%), from €331,383 to €237,131
of which Trade receivables: -€100,043
- Tangible fixed assets -€7,253
down €7,253 (-74.5%), from €9,730 to €2,477
of which Furniture and vehicles: -€8,240
- Trade debts -€56,134
down €56,134 (-73.8%), from €76,013 to €19,880
of which Bills of exchange payable: -€72,786
- Tax, wage and social debts -€17,170
down €17,170 (-14.6%), from €117,438 to €100,268
of which Remuneration and social security: -€12,931
- Debts after one year -€10,868
no longer reported in 2025 (was €10,868)
- Profit (loss) carried forward -€6,761
down €6,761 (-43.8%), from -€15,424 to -€22,185
- Short-term financial debts -€6,677
down €6,677 (-5.6%), from €120,229 to €113,552
- Gross operating margin +€33,901
up €33,901 (+13.2%), from €257,162 to €291,063
- Financial charges -€13,608
down €13,608 (-39.2%), from €34,679 to €21,071
- Write-downs +€12,637
no longer reported in 2025 (was -€12,637)
- Staff costs +€8,667
up €8,667 (+4.4%), from €196,404 to €205,072
- Taxes -€8,508
down €8,508 (-74.0%), from €11,500 to €2,992
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 | €389,650 | €287,389 | -€102,261 | -26.2% |
| Fixed assets | 21/28 | €11,449 | €4,476 | -€6,973 | -60.9% |
| Tangible fixed assets | 22/27 | €9,730 | €2,477 | -€7,253 | -74.5% |
| Plant, machinery and equipment | 23 | - | €987 | +€987 | |
| Furniture and vehicles | 24 | €9,338 | €1,098 | -€8,240 | -88.2% |
| Other tangible fixed assets | 26 | €393 | €393 | = | 0.0% |
| Financial fixed assets | 28 | €1,719 | €1,999 | +€280 | +16.3% |
| Current assets | 29/58 | €378,201 | €282,913 | -€95,288 | -25.2% |
| Stocks and contracts in progress | 3 | €30,178 | €26,305 | -€3,873 | -12.8% |
| Stocks | 30/36 | €30,178 | €26,305 | -€3,873 | -12.8% |
| Amounts receivable within one year | 40/41 | €331,383 | €237,131 | -€94,252 | -28.4% |
| Trade receivables | 40 | €330,829 | €230,786 | -€100,043 | -30.2% |
| Other amounts receivable | 41 | €554 | €6,345 | +€5,791 | +1045.8% |
| Cash at bank and in hand | 54/58 | €16,640 | €18,744 | +€2,104 | +12.6% |
| Deferred charges and accrued income | 490/1 | - | €732 | +€732 | |
| Total equity and liabilities | 10/49 | €389,650 | €287,389 | -€102,261 | -26.2% |
| Equity | 10/15 | €48,503 | €41,742 | -€6,761 | -13.9% |
| Contributions | 10/11 | €35,945 | €35,945 | = | 0.0% |
| Reserves | 13 | €27,983 | €27,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,594 | €3,594 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,594 | €3,594 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,389 | €24,389 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,424 | -€22,185 | -€6,761 | -43.8% |
| Amounts payable | 17/49 | €341,146 | €245,647 | -€95,500 | -28.0% |
| Amounts payable after more than one year | 17 | €10,868 | - | -€10,868 | |
| Financial debts | 170/4 | €10,868 | - | -€10,868 | |
| Amounts payable within one year | 42/48 | €330,278 | €245,647 | -€84,631 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €15,317 | €10,868 | -€4,449 | -29.0% |
| Financial debts | 43 | €120,229 | €113,552 | -€6,677 | -5.6% |
| Credit institutions | 430/8 | €120,229 | €113,552 | -€6,677 | -5.6% |
| Trade debts | 44 | €76,013 | €19,880 | -€56,134 | -73.8% |
| Suppliers | 440/4 | €3,227 | €19,880 | +€16,652 | +516.0% |
| Bills of exchange payable | 441 | €72,786 | - | -€72,786 | |
| Taxes, remuneration and social security | 45 | €117,438 | €100,268 | -€17,170 | -14.6% |
| Taxes | 450/3 | €11,500 | €7,261 | -€4,239 | -36.9% |
| Remuneration and social security | 454/9 | €105,938 | €93,007 | -€12,931 | -12.2% |
| Other amounts payable | 47/48 | €1,281 | €1,079 | -€202 | -15.8% |
| Non-recurring operating income | 76A | €53,838 | €14,802 | -€39,036 | -72.5% |
| Remuneration, social security and pensions | 62 | €196,404 | €205,072 | +€8,667 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,424 | €9,169 | -€2,256 | -19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,637 | - | +€12,637 | |
| Other operating charges | 640/8 | €2,204 | €274 | -€1,929 | -87.5% |
| Non-recurring operating charges | 66A | €530 | €59,250 | +€58,720 | +11088.7% |
| Gross operating margin | 9900 | €257,162 | €291,063 | +€33,901 | +13.2% |
| Operating profit (loss) | 9901 | €59,238 | €17,298 | -€41,939 | -70.8% |
| Financial income | 75/76B | €495 | €4 | -€491 | -99.3% |
| Recurring financial income | 75 | €495 | €4 | -€491 | -99.3% |
| Financial charges | 65/66B | €34,679 | €21,071 | -€13,608 | -39.2% |
| Recurring financial charges | 65 | €34,679 | €21,071 | -€13,608 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €25,053 | -€3,769 | -€28,823 | |
| Income taxes | 67/77 | €11,500 | €2,992 | -€8,508 | -74.0% |
| Profit (loss) for the period | 9904 | €13,553 | -€6,761 | -€20,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,553 | -€6,761 | -€20,314 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.