KOELING REVELARD: 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.
KOELING REVELARD
Largest movements
- Cash -€56,029
down €56,029 (-20.0%), from €280,690 to €224,662
mainly Net result for the year (-€99,519) and Tax, wage and social debts (-€10,269)
- Receivables within one year -€35,162
down €35,162 (-100%), from €35,162 to €0
of which Trade receivables: -€34,539
- Stocks and contracts -€21,021
down €21,021 (-100%), from €21,021 to €0
- Reserves -€99,519
down €99,519 (-34.2%), from €291,141 to €191,623
of which Distributable reserves: -€99,519
- Tax, wage and social debts -€10,269
down €10,269 (-95.5%), from €10,753 to €483
of which Remuneration and social security: -€6,991
- Trade debts -€4,415
down €4,415 (-53.3%), from €8,287 to €3,872
- Gross operating margin -€152,206
down €152,206 (-96.2%), from €158,283 to €6,077
- Taxes -€14,185
down €14,185, from €13,895 to -€290
- Staff costs -€8,786
down €8,786 (-8.0%), from €109,217 to €100,430
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 | €356,569 | €240,566 | -€116,004 | -32.5% |
| Fixed assets | 21/28 | €15,332 | €14,049 | -€1,283 | -8.4% |
| Intangible fixed assets | 21 | €10,039 | €10,039 | = | 0.0% |
| Tangible fixed assets | 22/27 | €5,294 | €4,011 | -€1,283 | -24.2% |
| Land and buildings | 22 | €3,718 | €3,078 | -€640 | -17.2% |
| Plant, machinery and equipment | 23 | €523 | €932 | +€409 | +78.2% |
| Furniture and vehicles | 24 | €1,053 | €0 | -€1,053 | -100% |
| Current assets | 29/58 | €341,237 | €226,517 | -€114,721 | -33.6% |
| Stocks and contracts in progress | 3 | €21,021 | €0 | -€21,021 | -100% |
| Stocks | 30/36 | €21,021 | €0 | -€21,021 | -100% |
| Amounts receivable within one year | 40/41 | €35,162 | €0 | -€35,162 | -100% |
| Trade receivables | 40 | €34,539 | €0 | -€34,539 | -100% |
| Other amounts receivable | 41 | €623 | €0 | -€623 | -100% |
| Cash at bank and in hand | 54/58 | €280,690 | €224,662 | -€56,029 | -20.0% |
| Deferred charges and accrued income | 490/1 | €4,364 | €1,855 | -€2,509 | -57.5% |
| Total equity and liabilities | 10/49 | €356,569 | €240,566 | -€116,004 | -32.5% |
| Equity | 10/15 | €334,523 | €235,004 | -€99,519 | -29.7% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €291,141 | €191,623 | -€99,519 | -34.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €23,909 | €23,909 | = | 0.0% |
| Distributable reserves | 133 | €267,232 | €167,713 | -€99,519 | -37.2% |
| Amounts payable | 17/49 | €22,047 | €5,562 | -€16,485 | -74.8% |
| Amounts payable within one year | 42/48 | €21,969 | €5,562 | -€16,407 | -74.7% |
| Trade debts | 44 | €8,287 | €3,872 | -€4,415 | -53.3% |
| Suppliers | 440/4 | €8,287 | €3,872 | -€4,415 | -53.3% |
| Taxes, remuneration and social security | 45 | €10,753 | €483 | -€10,269 | -95.5% |
| Taxes | 450/3 | €3,762 | €483 | -€3,278 | -87.2% |
| Remuneration and social security | 454/9 | €6,991 | €0 | -€6,991 | -100% |
| Other amounts payable | 47/48 | €2,929 | €1,206 | -€1,723 | -58.8% |
| Accrued charges and deferred income | 492/3 | €78 | €0 | -€78 | -100% |
| Remuneration, social security and pensions | 62 | €109,217 | €100,430 | -€8,786 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,939 | €2,152 | -€787 | -26.8% |
| Other operating charges | 640/8 | €2,451 | €3,655 | +€1,204 | +49.1% |
| Gross operating margin | 9900 | €158,283 | €6,077 | -€152,206 | -96.2% |
| Operating profit (loss) | 9901 | €43,677 | -€100,160 | -€143,837 | |
| Financial income | 75/76B | €105 | €492 | +€387 | +370% |
| Recurring financial income | 75 | €105 | €492 | +€387 | +370% |
| Financial charges | 65/66B | -€14 | €141 | +€155 | |
| Recurring financial charges | 65 | -€14 | €141 | +€155 | |
| Profit (loss) for the period before taxes | 9903 | €43,796 | -€99,809 | -€143,605 | |
| Income taxes | 67/77 | €13,895 | -€290 | -€14,185 | |
| Profit (loss) for the period | 9904 | €29,901 | -€99,519 | -€129,419 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,901 | -€99,519 | -€129,419 |
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 29 October 2026 via checked.be.