R & J 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.
R & J COOL
Largest movements
- Stocks and contracts +€1.6m
up €1.6m (+541%), from €287,745 to €1.8m
- Cash +€467,384
up €467,384 (+180%), from €260,287 to €727,671
mainly Accrued charges and deferred income (+€1.1m) and Debts after one year (+€811,257)
- Receivables within one year -€64,077
down €64,077 (-38.9%), from €164,559 to €100,481
of which Trade receivables: -€60,931
- Tangible fixed assets -€37,866
down €37,866 (-5.4%), from €699,636 to €661,770
of which Land and buildings: -€20,315
- Deferred charges and accrued income +€35,329
up €35,329 (+4,549%), from €777 to €36,106
- Accrued charges and deferred income +€1.1m
up €1.1m (+93,473%), from €1,188 to €1.1m
- Debts after one year +€811,257
up €811,257 (+235%), from €345,642 to €1.2m
of which Financial debts: +€832,338
- Trade debts -€230,261
down €230,261 (-95.5%), from €241,128 to €10,867
- Reserves +€122,574
up €122,574 (+20.9%), from €586,806 to €709,380
of which Distributable reserves: +€116,728
- Other debts +€66,296
up €66,296 (+542%), from €12,224 to €78,520
- Gross operating margin -€1.1m
down €1.1m (-78.9%), from €1.4m to €293,466
- Taxes -€182,559
down €182,559 (-75.8%), from €240,922 to €58,363
- Financial charges -€113,108
down €113,108 (-65.9%), from €171,639 to €58,531
of which Non-recurring financial charges: -€123,874
- Provisions -€93,393
down €93,393, from €88,820 to -€4,572
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 | €1,413,003 | €3,370,634 | +€2.0m | +139% |
| Fixed assets | 21/28 | €699,636 | €661,770 | -€37,866 | -5.4% |
| Tangible fixed assets | 22/27 | €699,636 | €661,770 | -€37,866 | -5.4% |
| Land and buildings | 22 | €487,556 | €467,241 | -€20,315 | -4.2% |
| Plant, machinery and equipment | 23 | €141,251 | €140,828 | -€424 | -0.3% |
| Leasing and similar rights | 25 | €70,829 | €53,701 | -€17,127 | -24.2% |
| Current assets | 29/58 | €713,367 | €2,708,865 | +€2.0m | +280% |
| Stocks and contracts in progress | 3 | €287,745 | €1,844,607 | +€1.6m | +541% |
| Stocks | 30/36 | €287,745 | €1,844,607 | +€1.6m | +541% |
| Amounts receivable within one year | 40/41 | €164,559 | €100,481 | -€64,077 | -38.9% |
| Trade receivables | 40 | €75,111 | €14,180 | -€60,931 | -81.1% |
| Other amounts receivable | 41 | €89,448 | €86,302 | -€3,146 | -3.5% |
| Cash at bank and in hand | 54/58 | €260,287 | €727,671 | +€467,384 | +180% |
| Deferred charges and accrued income | 490/1 | €777 | €36,106 | +€35,329 | +4,549% |
| Total equity and liabilities | 10/49 | €1,413,003 | €3,370,634 | +€2.0m | +139% |
| Equity | 10/15 | €648,779 | €771,353 | +€122,574 | +18.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €586,806 | €709,380 | +€122,574 | +20.9% |
| Non-distributable reserves | 130/1 | €352 | €6,197 | +€5,846 | +1,662% |
| Legal reserve | 130 | €352 | €6,197 | +€5,846 | +1,662% |
| Distributable reserves | 133 | €586,454 | €703,182 | +€116,728 | +19.9% |
| Provisions and deferred taxes | 16 | €88,820 | €84,248 | -€4,572 | -5.1% |
| Provisions for liabilities and charges | 160/5 | €88,820 | €84,248 | -€4,572 | -5.1% |
| Environmental obligations | 163 | €88,820 | €84,248 | -€4,572 | -5.1% |
| Amounts payable | 17/49 | €675,404 | €2,515,034 | +€1.8m | +272% |
| Amounts payable after more than one year | 17 | €345,642 | €1,156,898 | +€811,257 | +235% |
| Financial debts | 170/4 | €55,642 | €887,979 | +€832,338 | +1,496% |
| Other amounts payable | 178/9 | €290,000 | €268,919 | -€21,081 | -7.3% |
| Amounts payable within one year | 42/48 | €328,575 | €246,959 | -€81,616 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €16,056 | €34,031 | +€17,974 | +112% |
| Trade debts | 44 | €241,128 | €10,867 | -€230,261 | -95.5% |
| Suppliers | 440/4 | €241,128 | €10,867 | -€230,261 | -95.5% |
| Taxes, remuneration and social security | 45 | €59,167 | €123,541 | +€64,375 | +109% |
| Taxes | 450/3 | €59,167 | €123,541 | +€64,375 | +109% |
| Other amounts payable | 47/48 | €12,224 | €78,520 | +€66,296 | +542% |
| Accrued charges and deferred income | 492/3 | €1,188 | €1,111,177 | +€1.1m | +93,473% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,131 | €53,637 | +€13,505 | +33.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €88,820 | -€4,572 | -€93,393 | |
| Other operating charges | 640/8 | €870 | €5,905 | +€5,035 | +579% |
| Gross operating margin | 9900 | €1,393,836 | €293,466 | -€1.1m | -78.9% |
| Operating profit (loss) | 9901 | €1,264,014 | €238,497 | -€1.0m | -81.1% |
| Financial income | 75/76B | €8,058 | €972 | -€7,086 | -87.9% |
| Recurring financial income | 75 | €8,058 | €972 | -€7,086 | -87.9% |
| Financial charges | 65/66B | €171,639 | €58,531 | -€113,108 | -65.9% |
| Recurring financial charges | 65 | €47,764 | €58,531 | +€10,766 | +22.5% |
| Non-recurring financial charges | 66B | €123,874 | - | -€123,874 | |
| Profit (loss) for the period before taxes | 9903 | €1,100,433 | €180,937 | -€919,496 | -83.6% |
| Income taxes | 67/77 | €240,922 | €58,363 | -€182,559 | -75.8% |
| Profit (loss) for the period | 9904 | €859,511 | €122,574 | -€736,937 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €859,511 | €122,574 | -€736,937 | -85.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.