Dr. Cool - Dr. Collard: 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.
Dr. Cool - Dr. Collard
Largest movements
- Receivables within one year -€561,914
down €561,914 (-74.5%), from €753,818 to €191,904
of which Other amounts receivable: -€560,682
- Cash -€94,839
down €94,839 (-61.0%), from €155,449 to €60,611
mainly Contributions, distributions and other (-€1.0m) and Debts after one year (-€197,372)
- Reserves -€518,183
down €518,183 (-22.3%), from €2.3m to €1.8m
of which Distributable reserves: -€518,183
- Debts after one year -€197,372
down €197,372 (-16.6%), from €1.2m to €994,848
- Tax, wage and social debts -€67,708
down €67,708 (-71.7%), from €94,459 to €26,752
- Trade debts +€48,007
up €48,007 (+240.2%), from €19,985 to €67,992
- Gross operating margin +€47,225
up €47,225 (+5.0%), from €945,363 to €992,588
- Depreciation +€41,367
up €41,367 (+24.9%), from €166,116 to €207,484
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 | €3,957,941 | €3,229,676 | -€728,265 | -18.4% |
| Fixed assets | 21/28 | €2,969,659 | €2,933,835 | -€35,824 | -1.2% |
| Tangible fixed assets | 22/27 | €2,969,659 | €2,933,835 | -€35,824 | -1.2% |
| Land and buildings | 22 | €2,862,302 | €2,833,213 | -€29,089 | -1.0% |
| Plant, machinery and equipment | 23 | €2,188 | €3,353 | +€1,166 | +53.3% |
| Furniture and vehicles | 24 | €72,469 | €64,568 | -€7,901 | -10.9% |
| Other tangible fixed assets | 26 | €32,700 | €32,700 | = | 0.0% |
| Current assets | 29/58 | €988,281 | €295,841 | -€692,440 | -70.1% |
| Amounts receivable within one year | 40/41 | €753,818 | €191,904 | -€561,914 | -74.5% |
| Trade receivables | 40 | €2,587 | €1,355 | -€1,232 | -47.6% |
| Other amounts receivable | 41 | €751,231 | €190,549 | -€560,682 | -74.6% |
| Cash at bank and in hand | 54/58 | €155,449 | €60,611 | -€94,839 | -61.0% |
| Deferred charges and accrued income | 490/1 | €79,014 | €43,327 | -€35,688 | -45.2% |
| Total equity and liabilities | 10/49 | €3,957,941 | €3,229,676 | -€728,265 | -18.4% |
| Equity | 10/15 | €2,330,894 | €1,812,711 | -€518,183 | -22.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,324,694 | €1,806,511 | -€518,183 | -22.3% |
| Tax-exempt reserves | 132 | €138 | €138 | = | 0.0% |
| Distributable reserves | 133 | €2,324,556 | €1,806,373 | -€518,183 | -22.3% |
| Provisions and deferred taxes | 16 | €130,000 | €130,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €130,000 | €130,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €130,000 | €130,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,497,047 | €1,286,964 | -€210,082 | -14.0% |
| Amounts payable after more than one year | 17 | €1,192,221 | €994,848 | -€197,372 | -16.6% |
| Financial debts | 170/4 | €1,192,221 | €994,848 | -€197,372 | -16.6% |
| Amounts payable within one year | 42/48 | €304,826 | €292,116 | -€12,710 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €190,382 | €197,372 | +€6,991 | +3.7% |
| Trade debts | 44 | €19,985 | €67,992 | +€48,007 | +240.2% |
| Suppliers | 440/4 | €19,985 | €67,992 | +€48,007 | +240.2% |
| Taxes, remuneration and social security | 45 | €94,459 | €26,752 | -€67,708 | -71.7% |
| Taxes | 450/3 | €94,459 | €26,752 | -€67,708 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,116 | €207,484 | +€41,367 | +24.9% |
| Other operating charges | 640/8 | €4,875 | €5,478 | +€603 | +12.4% |
| Gross operating margin | 9900 | €945,363 | €992,588 | +€47,225 | +5.0% |
| Operating profit (loss) | 9901 | €774,372 | €779,626 | +€5,255 | +0.7% |
| Financial income | 75/76B | €39,669 | €38,734 | -€935 | -2.4% |
| Recurring financial income | 75 | €39,669 | €38,734 | -€935 | -2.4% |
| Financial charges | 65/66B | €48,494 | €47,728 | -€766 | -1.6% |
| Recurring financial charges | 65 | €48,494 | €47,728 | -€766 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €765,547 | €770,632 | +€5,085 | +0.7% |
| Income taxes | 67/77 | €244,580 | €246,752 | +€2,172 | +0.9% |
| Profit (loss) for the period | 9904 | €520,967 | €523,880 | +€2,913 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €520,967 | €523,880 | +€2,913 | +0.6% |
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 9 October 2026 via checked.be.