GREEN COOL: 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.
GREEN COOL
Largest movements
- Cash -€51,790
down €51,790 (-87.7%), from €59,068 to €7,279
mainly Debts after one year (-€43,211) and Trade debts (-€42,239)
- Receivables within one year +€18,369
up €18,369 (+13.0%), from €141,665 to €160,034
of which Trade receivables: +€18,372
- Tangible fixed assets -€10,266
down €10,266 (-3.2%), from €325,071 to €314,805
of which Furniture and vehicles: -€14,609
- Stocks and contracts +€7,947
up €7,947 (+3.0%), from €261,458 to €269,405
- Debts after one year -€43,211
down €43,211 (-18.9%), from €228,463 to €185,252
of which Financial debts: -€42,922
- Trade debts -€42,239
down €42,239 (-20.2%), from €208,685 to €166,446
- Tax, wage and social debts +€26,653
up €26,653 (+22.2%), from €119,813 to €146,466
of which Remuneration and social security: +€17,406
- Reserves +€14,556
up €14,556 (+28.2%), from €51,630 to €66,186
of which Distributable reserves: +€14,556
- Staff costs +€22,498
up €22,498 (+14.9%), from €151,012 to €173,509
- Taxes -€6,937
down €6,937 (-43.4%), from €15,996 to €9,059
- Other operating charges -€6,900
down €6,900 (-36.9%), from €18,721 to €11,821
- Gross operating margin +€6,131
up €6,131 (+2.1%), from €286,409 to €292,540
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €790,578 | €754,851 | -€35,727 | -4.5% |
| Fixed assets | 21/28 | €326,963 | €316,605 | -€10,357 | -3.2% |
| Intangible fixed assets | 21 | €91 | €0 | -€91 | -100% |
| Tangible fixed assets | 22/27 | €325,071 | €314,805 | -€10,266 | -3.2% |
| Land and buildings | 22 | €195,930 | €187,344 | -€8,586 | -4.4% |
| Plant, machinery and equipment | 23 | €17,333 | €30,261 | +€12,928 | +74.6% |
| Furniture and vehicles | 24 | €111,808 | €97,199 | -€14,609 | -13.1% |
| Financial fixed assets | 28 | €1,801 | €1,801 | = | 0.0% |
| Current assets | 29/58 | €463,615 | €438,245 | -€25,370 | -5.5% |
| Stocks and contracts in progress | 3 | €261,458 | €269,405 | +€7,947 | +3.0% |
| Stocks | 30/36 | €261,458 | €269,405 | +€7,947 | +3.0% |
| Amounts receivable within one year | 40/41 | €141,665 | €160,034 | +€18,369 | +13.0% |
| Trade receivables | 40 | €140,997 | €159,369 | +€18,372 | +13.0% |
| Other amounts receivable | 41 | €668 | €665 | -€3 | -0.5% |
| Cash at bank and in hand | 54/58 | €59,068 | €7,279 | -€51,790 | -87.7% |
| Deferred charges and accrued income | 490/1 | €1,424 | €1,527 | +€104 | +7.3% |
| Total equity and liabilities | 10/49 | €790,578 | €754,851 | -€35,727 | -4.5% |
| Equity | 10/15 | €70,230 | €84,786 | +€14,556 | +20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,630 | €66,186 | +€14,556 | +28.2% |
| Tax-exempt reserves | 132 | €16,714 | €16,714 | = | 0.0% |
| Distributable reserves | 133 | €34,916 | €49,471 | +€14,556 | +41.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €720,348 | €670,065 | -€50,283 | -7.0% |
| Amounts payable after more than one year | 17 | €228,463 | €185,252 | -€43,211 | -18.9% |
| Financial debts | 170/4 | €228,174 | €185,252 | -€42,922 | -18.8% |
| Other amounts payable | 178/9 | €289 | €0 | -€289 | -100% |
| Amounts payable within one year | 42/48 | €491,885 | €484,813 | -€7,072 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €47,038 | €51,342 | +€4,304 | +9.2% |
| Financial debts | 43 | €116,350 | €120,559 | +€4,209 | +3.6% |
| Credit institutions | 430/8 | €116,350 | €120,559 | +€4,209 | +3.6% |
| Trade debts | 44 | €208,685 | €166,446 | -€42,239 | -20.2% |
| Suppliers | 440/4 | €208,685 | €166,446 | -€42,239 | -20.2% |
| Taxes, remuneration and social security | 45 | €119,813 | €146,466 | +€26,653 | +22.2% |
| Taxes | 450/3 | €89,665 | €98,912 | +€9,247 | +10.3% |
| Remuneration and social security | 454/9 | €30,148 | €47,554 | +€17,406 | +57.7% |
| Remuneration, social security and pensions | 62 | €151,012 | €173,509 | +€22,498 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,344 | €47,858 | +€2,514 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,994 | €0 | +€1,994 | |
| Other operating charges | 640/8 | €18,721 | €11,821 | -€6,900 | -36.9% |
| Gross operating margin | 9900 | €286,409 | €292,540 | +€6,131 | +2.1% |
| Operating profit (loss) | 9901 | €73,327 | €59,352 | -€13,975 | -19.1% |
| Financial income | 75/76B | €213 | €38 | -€175 | -82.2% |
| Recurring financial income | 75 | €213 | €38 | -€175 | -82.2% |
| Financial charges | 65/66B | €22,628 | €22,592 | -€36 | -0.2% |
| Recurring financial charges | 65 | €22,628 | €22,592 | -€36 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €50,912 | €36,798 | -€14,114 | -27.7% |
| Income taxes | 67/77 | €15,996 | €9,059 | -€6,937 | -43.4% |
| Profit (loss) for the period | 9904 | €34,916 | €27,739 | -€7,176 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,916 | €27,739 | -€7,176 | -20.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.