Electro Cool Dynamics: 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.
Electro Cool Dynamics
Largest movements
- Financial fixed assets -€436,388
down €436,388 (-96.4%), from €452,538 to €16,150
- Cash -€237,365
down €237,365 (-33.5%), from €708,973 to €471,608
mainly Contributions, distributions and other (-€1.6m) and Current investments (-€59,384)
- Receivables within one year -€132,618
down €132,618 (-39.4%), from €336,651 to €204,033
of which Trade receivables: -€127,101
- Current investments +€59,384
up €59,384 (+24.7%), from €240,616 to €300,000
- Reserves -€750,000
down €750,000 (-96.9%), from €774,202 to €24,202
of which Non-distributable reserves: -€750,000
- Other debts +€600,000
up €600,000, from €0 to €600,000
- Profit (loss) carried forward -€566,087
down €566,087 (-39.8%), from €1.4m to €857,503
- Advances received -€54,400
down €54,400 (-98.2%), from €55,400 to €1,000
- Turnover -€3.5m
no longer reported in 2025 (was €3.5m)
- Purchases and services -€2.9m
no longer reported in 2025 (was €2.9m)
- Financial income -€65,209
down €65,209 (-87.1%), from €74,857 to €9,648
of which Financial income: -€55,722
- Staff costs +€46,005
up €46,005 (+72.4%), from €63,511 to €109,516
- Write-downs +€39,815
new in 2025: €39,815
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 | €2,702,927 | €1,911,803 | -€791,124 | -29.3% |
| Fixed assets | 21/28 | €588,001 | €124,596 | -€463,405 | -78.8% |
| Tangible fixed assets | 22/27 | €135,463 | €108,446 | -€27,017 | -19.9% |
| Land and buildings | 22 | €11,762 | €8,012 | -€3,750 | -31.9% |
| Plant, machinery and equipment | 23 | €19,712 | €15,616 | -€4,096 | -20.8% |
| Furniture and vehicles | 24 | €103,989 | €84,818 | -€19,171 | -18.4% |
| Financial fixed assets | 28 | €452,538 | €16,150 | -€436,388 | -96.4% |
| Current assets | 29/58 | €2,114,926 | €1,787,207 | -€327,719 | -15.5% |
| Stocks and contracts in progress | 3 | €826,431 | €800,057 | -€26,374 | -3.2% |
| Stocks | 30/36 | €826,431 | €800,057 | -€26,374 | -3.2% |
| Amounts receivable within one year | 40/41 | €336,651 | €204,033 | -€132,618 | -39.4% |
| Trade receivables | 40 | €331,134 | €204,033 | -€127,101 | -38.4% |
| Other amounts receivable | 41 | €5,517 | €0 | -€5,517 | -100.0% |
| Current investments | 50/53 | €240,616 | €300,000 | +€59,384 | +24.7% |
| Cash at bank and in hand | 54/58 | €708,973 | €471,608 | -€237,365 | -33.5% |
| Deferred charges and accrued income | 490/1 | €2,255 | €11,509 | +€9,254 | +410.4% |
| Total equity and liabilities | 10/49 | €2,702,927 | €1,911,803 | -€791,124 | -29.3% |
| Equity | 10/15 | €2,216,392 | €900,305 | -€1.3m | -59.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €774,202 | €24,202 | -€750,000 | -96.9% |
| Non-distributable reserves | 130/1 | €767,700 | €17,700 | -€750,000 | -97.7% |
| Reserves not available under the articles | 1311 | €17,700 | €17,700 | = | 0.0% |
| Own shares acquired | 1312 | €0 | - | = | |
| Other | 1319 | €750,000 | - | -€750,000 | |
| Tax-exempt reserves | 132 | €6,502 | €6,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,423,590 | €857,503 | -€566,087 | -39.8% |
| Amounts payable | 17/49 | €486,535 | €1,011,498 | +€524,963 | +107.9% |
| Amounts payable after more than one year | 17 | - | €6,681 | +€6,681 | |
| Financial debts | 170/4 | - | €6,681 | +€6,681 | |
| Amounts payable within one year | 42/48 | €486,535 | €1,004,817 | +€518,282 | +106.5% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €5,984 | -€12,016 | -66.8% |
| Trade debts | 44 | €268,077 | €261,689 | -€6,388 | -2.4% |
| Suppliers | 440/4 | €268,077 | €261,689 | -€6,388 | -2.4% |
| Advances received on contracts in progress | 46 | €55,400 | €1,000 | -€54,400 | -98.2% |
| Taxes, remuneration and social security | 45 | €145,058 | €136,144 | -€8,914 | -6.1% |
| Taxes | 450/3 | €124,044 | €129,086 | +€5,042 | +4.1% |
| Remuneration and social security | 454/9 | €21,014 | €7,058 | -€13,956 | -66.4% |
| Other amounts payable | 47/48 | €0 | €600,000 | +€600,000 | |
| Turnover | 70 | €3,505,988 | - | -€3.5m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,896,118 | - | -€2.9m | |
| Remuneration, social security and pensions | 62 | €63,511 | €109,516 | +€46,005 | +72.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,861 | €33,887 | -€19,974 | -37.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €39,815 | +€39,815 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €2,791 | +€2,791 | |
| Other operating charges | 640/8 | €11,177 | €10,758 | -€419 | -3.7% |
| Gross operating margin | 9900 | €609,870 | €608,319 | -€1,551 | -0.3% |
| Operating profit (loss) | 9901 | €481,321 | €411,552 | -€69,769 | -14.5% |
| Financial income | 75/76B | €74,857 | €9,648 | -€65,209 | -87.1% |
| Recurring financial income | 75 | €60,351 | €4,629 | -€55,722 | -92.3% |
| Non-recurring financial income | 76B | €14,506 | €5,019 | -€9,487 | -65.4% |
| Financial charges | 65/66B | €892 | €20,130 | +€19,238 | +2156.7% |
| Recurring financial charges | 65 | €892 | €20,130 | +€19,238 | +2156.7% |
| Profit (loss) for the period before taxes | 9903 | €555,286 | €401,070 | -€154,216 | -27.8% |
| Income taxes | 67/77 | €133,189 | €97,157 | -€36,032 | -27.1% |
| Profit (loss) for the period | 9904 | €422,097 | €303,913 | -€118,184 | -28.0% |
| Transfer from tax-exempt reserves | 789 | €215,875 | - | -€215,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €637,972 | €303,913 | -€334,059 | -52.4% |
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 5 October 2026 via checked.be.