Keep It 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.
Keep It Cool
Largest movements
- Stocks and contracts -€56,520
down €56,520 (-75.3%), from €75,070 to €18,550
of which Contracts in progress: -€28,751
- Tangible fixed assets +€34,924
up €34,924 (+56.1%), from €62,231 to €97,155
of which Furniture and vehicles: +€37,733
- Receivables within one year +€31,141
up €31,141 (+31.7%), from €98,287 to €129,429
of which Trade receivables: +€36,529
- Cash -€21,208
down €21,208 (-11.3%), from €188,253 to €167,045
mainly Other debts (-€44,751) and Investment in fixed assets (net) (-€41,672)
- Other debts -€44,751
down €44,751 (-69.4%), from €64,469 to €19,718
- Reserves +€34,568
up €34,568 (+17.2%), from €200,975 to €235,543
- Tax, wage and social debts -€12,386
down €12,386 (-61.6%), from €20,123 to €7,736
of which Taxes: -€15,952
- Trade debts -€10,480
down €10,480 (-22.9%), from €45,708 to €35,228
- Debts after one year +€9,446
up €9,446 (+22.2%), from €42,643 to €52,089
- Gross operating margin +€20,616
up €20,616 (+12.3%), from €167,747 to €188,363
- Taxes +€6,887
up €6,887 (+49.7%), from €13,852 to €20,739
- Staff costs -€4,145
down €4,145 (-3.9%), from €105,508 to €101,363
- Depreciation -€1,906
down €1,906 (-22.0%), from €8,654 to €6,748
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 | €436,104 | €420,969 | -€15,135 | -3.5% |
| Fixed assets | 21/28 | €62,352 | €97,277 | +€34,924 | +56.0% |
| Tangible fixed assets | 22/27 | €62,231 | €97,155 | +€34,924 | +56.1% |
| Land and buildings | 22 | €62,231 | €59,422 | -€2,809 | -4.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | €37,733 | +€37,733 | |
| Financial fixed assets | 28 | €122 | €122 | = | 0.0% |
| Current assets | 29/58 | €373,751 | €323,692 | -€50,059 | -13.4% |
| Stocks and contracts in progress | 3 | €75,070 | €18,550 | -€56,520 | -75.3% |
| Stocks | 30/36 | €46,319 | €18,550 | -€27,769 | -60.0% |
| Contracts in progress | 37 | €28,751 | €0 | -€28,751 | -100.0% |
| Amounts receivable within one year | 40/41 | €98,287 | €129,429 | +€31,141 | +31.7% |
| Trade receivables | 40 | €67,982 | €104,511 | +€36,529 | +53.7% |
| Other amounts receivable | 41 | €30,306 | €24,918 | -€5,388 | -17.8% |
| Cash at bank and in hand | 54/58 | €188,253 | €167,045 | -€21,208 | -11.3% |
| Deferred charges and accrued income | 490/1 | €12,141 | €8,668 | -€3,473 | -28.6% |
| Total equity and liabilities | 10/49 | €436,104 | €420,969 | -€15,135 | -3.5% |
| Equity | 10/15 | €244,993 | €279,561 | +€34,568 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200,975 | €235,543 | +€34,568 | +17.2% |
| Distributable reserves | 133 | €200,975 | €235,543 | +€34,568 | +17.2% |
| Profit (loss) carried forward | 14 | €25,418 | €25,418 | = | 0.0% |
| Amounts payable | 17/49 | €191,111 | €141,408 | -€49,703 | -26.0% |
| Amounts payable after more than one year | 17 | €42,643 | €52,089 | +€9,446 | +22.2% |
| Financial debts | 170/4 | €42,643 | €52,089 | +€9,446 | +22.2% |
| Amounts payable within one year | 42/48 | €148,468 | €89,319 | -€59,149 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €18,168 | €26,637 | +€8,468 | +46.6% |
| Trade debts | 44 | €45,708 | €35,228 | -€10,480 | -22.9% |
| Suppliers | 440/4 | €45,708 | €35,228 | -€10,480 | -22.9% |
| Taxes, remuneration and social security | 45 | €20,123 | €7,736 | -€12,386 | -61.6% |
| Taxes | 450/3 | €17,668 | €1,716 | -€15,952 | -90.3% |
| Remuneration and social security | 454/9 | €2,455 | €6,021 | +€3,566 | +145.3% |
| Other amounts payable | 47/48 | €64,469 | €19,718 | -€44,751 | -69.4% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €105,508 | €101,363 | -€4,145 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,654 | €6,748 | -€1,906 | -22.0% |
| Other operating charges | 640/8 | €3,029 | €2,978 | -€51 | -1.7% |
| Gross operating margin | 9900 | €167,747 | €188,363 | +€20,616 | +12.3% |
| Operating profit (loss) | 9901 | €50,557 | €77,274 | +€26,718 | +52.8% |
| Financial income | 75/76B | €3,305 | €2,313 | -€992 | -30.0% |
| Recurring financial income | 75 | €3,305 | €2,313 | -€992 | -30.0% |
| Financial charges | 65/66B | €5,429 | €4,563 | -€866 | -16.0% |
| Recurring financial charges | 65 | €5,429 | €4,563 | -€866 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €48,432 | €75,025 | +€26,593 | +54.9% |
| Income taxes | 67/77 | €13,852 | €20,739 | +€6,887 | +49.7% |
| Profit (loss) for the period | 9904 | €34,580 | €54,286 | +€19,705 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,580 | €54,286 | +€19,705 | +57.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.