V-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.
V-COOL
Largest movements
- Stocks and contracts -€464,000
no longer reported in 2024 (was €464,000)
- Receivables within one year +€408,261
up €408,261 (+35.5%), from €1.2m to €1.6m
of which Trade receivables: +€379,101
- Cash +€239,759
up €239,759 (+62.9%), from €381,427 to €621,186
mainly Stocks and contracts (+€464,000) and Tax, wage and social debts (+€110,889)
- Tax, wage and social debts +€110,889
up €110,889 (+396%), from €28,018 to €138,907
- Trade debts -€87,600
down €87,600 (-24.2%), from €361,595 to €273,995
- Advances received +€81,488
up €81,488 (+14.0%), from €582,515 to €664,003
- Reserves +€78,186
up €78,186 (+23.4%), from €334,203 to €412,389
of which Tax-exempt reserves: +€63,150
- Other debts -€40,000
down €40,000 (-36.9%), from €108,503 to €68,503
- Gross operating margin +€24,558
up €24,558 (+11.6%), from €210,899 to €235,457
- Financial charges +€15,739
up €15,739 (+15.4%), from €102,418 to €118,157
- Depreciation -€7,978
down €7,978 (-67.6%), from €11,798 to €3,819
- Taxes +€4,101
up €4,101 (+14.5%), from €28,200 to €32,301
- Other operating charges -€3,679
down €3,679 (-88.9%), from €4,136 to €457
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,110,373 | €2,272,020 | +€161,647 | +7.7% |
| Fixed assets | 21/28 | €113,409 | €88,789 | -€24,620 | -21.7% |
| Intangible fixed assets | 21 | €6,620 | €4,413 | -€2,207 | -33.3% |
| Tangible fixed assets | 22/27 | €26,789 | €4,376 | -€22,413 | -83.7% |
| Plant, machinery and equipment | 23 | €4,547 | €3,259 | -€1,288 | -28.3% |
| Furniture and vehicles | 24 | €22,242 | €1,117 | -€21,125 | -95.0% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €1,996,964 | €2,183,231 | +€186,267 | +9.3% |
| Stocks and contracts in progress | 3 | €464,000 | - | -€464,000 | |
| Contracts in progress | 37 | €464,000 | - | -€464,000 | |
| Amounts receivable within one year | 40/41 | €1,151,538 | €1,559,799 | +€408,261 | +35.5% |
| Trade receivables | 40 | €894,424 | €1,273,525 | +€379,101 | +42.4% |
| Other amounts receivable | 41 | €257,114 | €286,274 | +€29,160 | +11.3% |
| Cash at bank and in hand | 54/58 | €381,427 | €621,186 | +€239,759 | +62.9% |
| Deferred charges and accrued income | 490/1 | - | €2,246 | +€2,246 | |
| Total equity and liabilities | 10/49 | €2,110,373 | €2,272,020 | +€161,647 | +7.7% |
| Equity | 10/15 | €584,203 | €662,389 | +€78,186 | +13.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €334,203 | €412,389 | +€78,186 | +23.4% |
| Tax-exempt reserves | 132 | - | €63,150 | +€63,150 | |
| Distributable reserves | 133 | €334,203 | €349,239 | +€15,036 | +4.5% |
| Amounts payable | 17/49 | €1,526,170 | €1,609,631 | +€83,461 | +5.5% |
| Amounts payable after more than one year | 17 | €13,163 | €4,428 | -€8,735 | -66.4% |
| Financial debts | 170/4 | €13,163 | €4,428 | -€8,735 | -66.4% |
| Amounts payable within one year | 42/48 | €1,513,007 | €1,605,203 | +€92,196 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €8,576 | €8,735 | +€159 | +1.9% |
| Financial debts | 43 | €423,800 | €451,060 | +€27,261 | +6.4% |
| Credit institutions | 430/8 | €423,800 | €300,000 | -€123,800 | -29.2% |
| Other loans | 439 | - | €151,060 | +€151,060 | |
| Trade debts | 44 | €361,595 | €273,995 | -€87,600 | -24.2% |
| Suppliers | 440/4 | €361,595 | €273,995 | -€87,600 | -24.2% |
| Advances received on contracts in progress | 46 | €582,515 | €664,003 | +€81,488 | +14.0% |
| Taxes, remuneration and social security | 45 | €28,018 | €138,907 | +€110,889 | +396% |
| Taxes | 450/3 | €28,018 | €138,907 | +€110,889 | +396% |
| Other amounts payable | 47/48 | €108,503 | €68,503 | -€40,000 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,798 | €3,819 | -€7,978 | -67.6% |
| Other operating charges | 640/8 | €4,136 | €457 | -€3,679 | -88.9% |
| Gross operating margin | 9900 | €210,899 | €235,457 | +€24,558 | +11.6% |
| Operating profit (loss) | 9901 | €194,965 | €231,180 | +€36,216 | +18.6% |
| Financial income | 75/76B | €9,106 | €6,188 | -€2,918 | -32.0% |
| Recurring financial income | 75 | €9,106 | €6,188 | -€2,918 | -32.0% |
| Financial charges | 65/66B | €102,418 | €118,157 | +€15,739 | +15.4% |
| Recurring financial charges | 65 | €102,418 | €118,157 | +€15,739 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €101,652 | €119,211 | +€17,558 | +17.3% |
| Income taxes | 67/77 | €28,200 | €32,301 | +€4,101 | +14.5% |
| Profit (loss) for the period | 9904 | €73,452 | €86,909 | +€13,457 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,452 | €86,909 | +€13,457 | +18.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.