KOOLE: 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.
What changed
KOOLE
NACE 43.110, Demolition
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€618,362
2024 · €1.9m-€1.3m
Equity
€4.8m
2024 · €4.2m+€618,362
Cash
-
2024 · €0
Balance sheet total
€5.5m
2024 · €6.9m-€1.4m
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-24.7%), from €5.1m to €3.9m
of which Trade receivables: -€657,455
- Tangible fixed assets -€163,658
down €163,658 (-9.9%), from €1.7m to €1.5m
of which Furniture and vehicles: -€107,380
- Deferred charges and accrued income +€79,594
up €79,594 (+73.5%), from €108,284 to €187,878
Equity and liabilities
- Accrued charges and deferred income -€825,656
down €825,656 (-92.4%), from €893,085 to €67,429
- Reserves +€618,362
up €618,362 (+20.0%), from €3.1m to €3.7m
of which Distributable reserves: +€618,362
- Debts after one year -€508,653
down €508,653 (-100.0%), from €508,653 to €0
- Trade debts -€260,211
down €260,211 (-35.9%), from €725,227 to €465,016
- Advances received -€191,522
down €191,522 (-72.2%), from €265,153 to €73,631
Income statement
- Turnover -€5.5m
down €5.5m (-50.2%), from €11.0m to €5.5m
- Services and other goods -€1.9m
down €1.9m (-45.5%), from €4.2m to €2.3m
- Goods and materials -€1.7m
down €1.7m (-67.1%), from €2.5m to €817,232
- Taxes -€431,405
down €431,405 (-66.1%), from €653,020 to €221,615
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.
Result 2024
€1.9m
Turnover
-€5.5m
Other operating income
-€17,921
Goods and materials
+€1.7m
Services and other goods
+€1.9m
Staff costs
+€106,636
Depreciation
-€65,269
Other operating charges
-€9,404
Other operating items
+€139,665
Financial income
-€9,076
Financial charges
+€75,076
Taxes
+€431,405
Result 2025
€618,362
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.
From operations
+€799,968
Investment
-€119,909
Financing
-€680,058
Cash 2024
€0
From operations (derived)
+€799,968
Net result for the year
+€618,362
Depreciation
+€283,519
Stocks and contracts
+€5,358
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€79,594
Trade debts
-€260,211
Tax, wage and social debts
-€12,863
Advances received
-€191,522
Accrued charges and deferred income
-€825,656
Investment (derived)
-€119,909
Investment in fixed assets (net)
-€119,909
Financing
-€680,058
Debts after one year
-€508,653
Current portion of long-term debt
-€171,406
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,894,916 | €5,542,967 | -€1.4m | -19.6% |
| Fixed assets | 21/28 | €1,654,509 | €1,490,899 | -€163,610 | -9.9% |
| Tangible fixed assets | 22/27 | €1,653,549 | €1,489,891 | -€163,658 | -9.9% |
| Land and buildings | 22 | €819,954 | €771,225 | -€48,729 | -5.9% |
| Plant, machinery and equipment | 23 | €311,500 | €303,951 | -€7,549 | -2.4% |
| Furniture and vehicles | 24 | €522,096 | €414,716 | -€107,380 | -20.6% |
| Financial fixed assets | 28 | €960 | €1,008 | +€48 | +5.0% |
| Other financial fixed assets | 284/8 | €960 | €1,008 | +€48 | +5.0% |
| Amounts receivable and cash guarantees | 285/8 | €960 | €1,008 | +€48 | +5.0% |
| Current assets | 29/58 | €5,240,407 | €4,052,068 | -€1.2m | -22.7% |
| Stocks and contracts in progress | 3 | €16,945 | €11,587 | -€5,358 | -31.6% |
| Contracts in progress | 37 | €16,945 | €11,587 | -€5,358 | -31.6% |
| Amounts receivable within one year | 40/41 | €5,115,178 | €3,852,603 | -€1.3m | -24.7% |
| Trade receivables | 40 | €1,622,143 | €964,688 | -€657,455 | -40.5% |
| Other amounts receivable | 41 | €3,493,035 | €2,887,914 | -€605,120 | -17.3% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €108,284 | €187,878 | +€79,594 | +73.5% |
| Total equity and liabilities | 10/49 | €6,894,916 | €5,542,967 | -€1.4m | -19.6% |
| Equity | 10/15 | €4,211,775 | €4,830,137 | +€618,362 | +14.7% |
| Contributions | 10/11 | €1,124,322 | €1,124,322 | = | 0.0% |
| Capital | 10 | €1,124,322 | €1,124,322 | = | 0.0% |
| Issued capital | 100 | €1,124,322 | €1,124,322 | = | 0.0% |
| Reserves | 13 | €3,087,453 | €3,705,815 | +€618,362 | +20.0% |
| Non-distributable reserves | 130/1 | €118,170 | €118,170 | = | 0.0% |
| Legal reserve | 130 | €118,170 | €118,170 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,686 | €45,686 | = | 0.0% |
| Distributable reserves | 133 | €2,923,597 | €3,541,959 | +€618,362 | +21.2% |
| Amounts payable | 17/49 | €2,683,141 | €712,830 | -€2.0m | -73.4% |
| Amounts payable after more than one year | 17 | €508,653 | €0 | -€508,653 | -100.0% |
| Financial debts | 170/4 | €508,653 | €0 | -€508,653 | -100.0% |
| Credit institutions | 173 | €508,653 | €0 | -€508,653 | -100.0% |
| Amounts payable within one year | 42/48 | €1,281,403 | €645,401 | -€636,002 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €171,406 | €0 | -€171,406 | -100.0% |
| Trade debts | 44 | €725,227 | €465,016 | -€260,211 | -35.9% |
| Suppliers | 440/4 | €725,227 | €465,016 | -€260,211 | -35.9% |
| Advances received on contracts in progress | 46 | €265,153 | €73,631 | -€191,522 | -72.2% |
| Taxes, remuneration and social security | 45 | €119,617 | €106,754 | -€12,863 | -10.8% |
| Taxes | 450/3 | €7,191 | €7 | -€7,184 | -99.9% |
| Remuneration and social security | 454/9 | €112,426 | €106,747 | -€5,679 | -5.1% |
| Accrued charges and deferred income | 492/3 | €893,085 | €67,429 | -€825,656 | -92.4% |
| Operating income | 70/76A | €11,189,254 | €5,766,206 | -€5.4m | -48.5% |
| Turnover | 70 | €11,035,688 | €5,490,896 | -€5.5m | -50.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€86,811 | -€5,358 | +€81,453 | +93.8% |
| Other operating income | 74 | €185,729 | €167,808 | -€17,921 | -9.6% |
| Non-recurring operating income | 76A | €54,648 | €112,860 | +€58,212 | +106.5% |
| Operating charges | 60/66A | €8,556,527 | €4,932,639 | -€3.6m | -42.4% |
| Goods for resale, raw materials and consumables | 60 | €2,481,325 | €817,232 | -€1.7m | -67.1% |
| Purchases | 600/8 | €2,481,325 | €817,232 | -€1.7m | -67.1% |
| Services and other goods | 61 | €4,238,889 | €2,311,058 | -€1.9m | -45.5% |
| Remuneration, social security and pensions | 62 | €1,606,691 | €1,500,055 | -€106,636 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,250 | €283,519 | +€65,269 | +29.9% |
| Other operating charges | 640/8 | €11,371 | €20,775 | +€9,404 | +82.7% |
| Operating profit (loss) | 9901 | €2,632,727 | €833,566 | -€1.8m | -68.3% |
| Financial income | 75/76B | €83,090 | €74,014 | -€9,076 | -10.9% |
| Recurring financial income | 75 | €83,090 | €74,014 | -€9,076 | -10.9% |
| Income from current assets | 751 | €83,084 | €73,830 | -€9,255 | -11.1% |
| Other financial income | 752/9 | €5 | €184 | +€179 | +3523.6% |
| Financial charges | 65/66B | €142,679 | €67,603 | -€75,076 | -52.6% |
| Recurring financial charges | 65 | €142,679 | €67,603 | -€75,076 | -52.6% |
| Debt charges | 650 | €124,067 | €65,513 | -€58,555 | -47.2% |
| Other financial charges | 652/9 | €18,612 | €2,091 | -€16,521 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €2,573,138 | €839,977 | -€1.7m | -67.4% |
| Income taxes | 67/77 | €653,020 | €221,615 | -€431,405 | -66.1% |
| Taxes | 670/3 | €653,020 | €221,615 | -€431,405 | -66.1% |
| Profit (loss) for the period | 9904 | €1,920,118 | €618,362 | -€1.3m | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,920,118 | €618,362 | -€1.3m | -67.8% |
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 7 October 2026 via checked.be.