HOT & COOL: 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.
HOT & COOL
Largest movements
- Cash +€30,457
up €30,457 (+66.2%), from €46,024 to €76,481
mainly Net result for the year (+€58,810) and Tax, wage and social debts (+€7,859)
- Deferred charges and accrued income +€16,876
up €16,876 (+649.5%), from €2,598 to €19,474
- Receivables within one year +€11,017
up €11,017 (+13.7%), from €80,519 to €91,536
of which Trade receivables: +€10,238
- Reserves +€58,810
up €58,810 (+219.8%), from €26,760 to €85,570
of which Distributable reserves: +€58,810
- Tax, wage and social debts +€7,859
up €7,859 (+27.8%), from €28,265 to €36,124
of which Taxes: +€4,378
- Trade debts -€7,522
down €7,522 (-48.6%), from €15,482 to €7,960
- Gross operating margin +€44,384
up €44,384 (+72.0%), from €61,684 to €106,068
- Taxes +€11,303
up €11,303 (+78.1%), from €14,467 to €25,770
- Financial income +€6,074
up €6,074 (+1925.7%), from €315 to €6,389
of which Non-recurring financial income: +€5,544
- Staff costs +€2,178
up €2,178 (+11.6%), from €18,708 to €20,886
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 | €132,044 | €190,597 | +€58,553 | +44.3% |
| Fixed assets | 21/28 | €2,903 | €3,107 | +€204 | +7.0% |
| Tangible fixed assets | 22/27 | €1,493 | €1,697 | +€204 | +13.7% |
| Plant, machinery and equipment | 23 | €1,493 | €475 | -€1,019 | -68.2% |
| Furniture and vehicles | 24 | - | €1,223 | +€1,223 | |
| Financial fixed assets | 28 | €1,409 | €1,409 | = | 0.0% |
| Current assets | 29/58 | €129,141 | €187,490 | +€58,349 | +45.2% |
| Amounts receivable within one year | 40/41 | €80,519 | €91,536 | +€11,017 | +13.7% |
| Trade receivables | 40 | €74,679 | €84,917 | +€10,238 | +13.7% |
| Other amounts receivable | 41 | €5,840 | €6,619 | +€779 | +13.3% |
| Cash at bank and in hand | 54/58 | €46,024 | €76,481 | +€30,457 | +66.2% |
| Deferred charges and accrued income | 490/1 | €2,598 | €19,474 | +€16,876 | +649.5% |
| Total equity and liabilities | 10/49 | €132,044 | €190,597 | +€58,553 | +44.3% |
| Equity | 10/15 | €87,703 | €146,513 | +€58,810 | +67.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,760 | €85,570 | +€58,810 | +219.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,900 | €83,710 | +€58,810 | +236.2% |
| Profit (loss) carried forward | 14 | €54,743 | €54,743 | = | 0.0% |
| Amounts payable | 17/49 | €44,341 | €44,084 | -€257 | -0.6% |
| Amounts payable within one year | 42/48 | €44,341 | €44,084 | -€257 | -0.6% |
| Trade debts | 44 | €15,482 | €7,960 | -€7,522 | -48.6% |
| Suppliers | 440/4 | €15,482 | €7,960 | -€7,522 | -48.6% |
| Taxes, remuneration and social security | 45 | €28,265 | €36,124 | +€7,859 | +27.8% |
| Taxes | 450/3 | €28,154 | €32,532 | +€4,378 | +15.6% |
| Remuneration and social security | 454/9 | €111 | €3,592 | +€3,481 | +3126.4% |
| Other amounts payable | 47/48 | €593 | - | -€593 | |
| Remuneration, social security and pensions | 62 | €18,708 | €20,886 | +€2,178 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,277 | €1,055 | -€221 | -17.3% |
| Other operating charges | 640/8 | €1,828 | €2,177 | +€349 | +19.1% |
| Non-recurring operating charges | 66A | - | €3,556 | +€3,556 | |
| Gross operating margin | 9900 | €61,684 | €106,068 | +€44,384 | +72.0% |
| Operating profit (loss) | 9901 | €39,871 | €78,394 | +€38,522 | +96.6% |
| Financial income | 75/76B | €315 | €6,389 | +€6,074 | +1925.7% |
| Recurring financial income | 75 | €315 | €845 | +€530 | +168.1% |
| Non-recurring financial income | 76B | - | €5,544 | +€5,544 | |
| Financial charges | 65/66B | €766 | €203 | -€563 | -73.5% |
| Recurring financial charges | 65 | €766 | €203 | -€563 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | €39,421 | €84,580 | +€45,159 | +114.6% |
| Income taxes | 67/77 | €14,467 | €25,770 | +€11,303 | +78.1% |
| Profit (loss) for the period | 9904 | €24,954 | €58,810 | +€33,856 | +135.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,954 | €58,810 | +€33,856 | +135.7% |
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 8 October 2026 via checked.be.