GERARD COOLING: 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.
GERARD COOLING
Largest movements
- Cash +€48,244
up €48,244 (+208%), from €23,250 to €71,493
mainly Net result for the year (+€54,190) and Trade debts (+€37,891)
- Receivables within one year +€37,628
up €37,628 (+71.6%), from €52,529 to €90,157
of which Trade receivables: +€30,221
- Tangible fixed assets +€4,855
up €4,855 (+167%), from €2,903 to €7,758
of which Plant, machinery and equipment: +€3,588
- Reserves +€54,190
up €54,190 (+206%), from €26,254 to €80,443
- Trade debts +€37,891
up €37,891 (+308%), from €12,297 to €50,188
- Tax, wage and social debts +€19,095
up €19,095 (+103%), from €18,479 to €37,574
- Other debts -€18,651
no longer reported in 2025 (was €18,651)
- Gross operating margin +€42,466
up €42,466 (+102%), from €41,557 to €84,024
- Taxes +€13,858
up €13,858 (+128%), from €10,793 to €24,651
- Financial income +€1,573
up €1,573 (+157,302%), from €1 to €1,574
of which Non-recurring financial income: +€1,573
- Depreciation +€1,164
up €1,164 (+2,670%), from €44 to €1,207
- Financial charges +€1,082
up €1,082 (+24.2%), from €4,468 to €5,550
of which Non-recurring financial charges: +€1,617
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.
Derived cash bridge
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 | €78,681 | €171,205 | +€92,524 | +118% |
| Fixed assets | 21/28 | €2,903 | €9,393 | +€6,490 | +224% |
| Tangible fixed assets | 22/27 | €2,903 | €7,758 | +€4,855 | +167% |
| Plant, machinery and equipment | 23 | €2,903 | €6,491 | +€3,588 | +124% |
| Furniture and vehicles | 24 | - | €1,267 | +€1,267 | |
| Financial fixed assets | 28 | - | €1,635 | +€1,635 | |
| Current assets | 29/58 | €75,778 | €161,813 | +€86,035 | +114% |
| Amounts receivable within one year | 40/41 | €52,529 | €90,157 | +€37,628 | +71.6% |
| Trade receivables | 40 | €51,113 | €81,334 | +€30,221 | +59.1% |
| Other amounts receivable | 41 | €1,416 | €8,823 | +€7,407 | +523% |
| Cash at bank and in hand | 54/58 | €23,250 | €71,493 | +€48,244 | +208% |
| Deferred charges and accrued income | 490/1 | - | €163 | +€163 | |
| Total equity and liabilities | 10/49 | €78,681 | €171,205 | +€92,524 | +118% |
| Equity | 10/15 | €29,254 | €83,443 | +€54,190 | +185% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,254 | €80,443 | +€54,190 | +206% |
| Distributable reserves | 133 | €26,254 | €80,443 | +€54,190 | +206% |
| Amounts payable | 17/49 | €49,427 | €87,762 | +€38,335 | +77.6% |
| Amounts payable within one year | 42/48 | €49,427 | €87,762 | +€38,335 | +77.6% |
| Trade debts | 44 | €12,297 | €50,188 | +€37,891 | +308% |
| Suppliers | 440/4 | €12,297 | €50,188 | +€37,891 | +308% |
| Taxes, remuneration and social security | 45 | €18,479 | €37,574 | +€19,095 | +103% |
| Taxes | 450/3 | €18,479 | €37,574 | +€19,095 | +103% |
| Other amounts payable | 47/48 | €18,651 | - | -€18,651 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44 | €1,207 | +€1,164 | +2,670% |
| Gross operating margin | 9900 | €41,557 | €84,024 | +€42,466 | +102% |
| Operating profit (loss) | 9901 | €41,514 | €82,816 | +€41,303 | +99.5% |
| Financial income | 75/76B | €1 | €1,574 | +€1,573 | +157,302% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -18.0% |
| Non-recurring financial income | 76B | - | €1,573 | +€1,573 | |
| Financial charges | 65/66B | €4,468 | €5,550 | +€1,082 | +24.2% |
| Recurring financial charges | 65 | €580 | €45 | -€535 | -92.2% |
| Non-recurring financial charges | 66B | €3,888 | €5,505 | +€1,617 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €37,047 | €78,841 | +€41,794 | +113% |
| Income taxes | 67/77 | €10,793 | €24,651 | +€13,858 | +128% |
| Profit (loss) for the period | 9904 | €26,254 | €54,190 | +€27,936 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €26,254 | €54,190 | +€27,936 | +106% |
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 19 October 2026 via checked.be.