Verwarmingsdiscount COOLS: 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.
Verwarmingsdiscount COOLS
Largest movements
- Stocks and contracts -€127,786
down €127,786 (-100%), from €127,786 to €0
- Current investments +€70,133
up €70,133 (+15.5%), from €451,298 to €521,431
- Receivables within one year -€17,101
down €17,101 (-58.3%), from €29,315 to €12,214
of which Trade receivables: -€16,185
- Tangible fixed assets -€15,074
down €15,074 (-9.3%), from €162,405 to €147,331
of which Furniture and vehicles: -€9,372
- Cash -€9,603
down €9,603 (-70.2%), from €13,673 to €4,069
mainly Contributions, distributions and other (-€193,802) and Current investments (-€70,133)
- Reserves -€193,802
down €193,802 (-25.7%), from €753,866 to €560,064
- Other debts +€184,112
new in 2025: €184,112
- Trade debts -€67,063
down €67,063 (-93.1%), from €72,009 to €4,946
- Advances received -€24,577
down €24,577 (-100%), from €24,577 to €0
- Staff costs -€246,948
down €246,948 (-81.0%), from €304,974 to €58,026
- Gross operating margin -€166,783
down €166,783 (-67.7%), from €246,478 to €79,696
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 | €818,011 | €715,045 | -€102,966 | -12.6% |
| Fixed assets | 21/28 | €162,405 | €147,331 | -€15,074 | -9.3% |
| Tangible fixed assets | 22/27 | €162,405 | €147,331 | -€15,074 | -9.3% |
| Land and buildings | 22 | €146,106 | €141,305 | -€4,801 | -3.3% |
| Plant, machinery and equipment | 23 | €6,055 | €5,153 | -€902 | -14.9% |
| Furniture and vehicles | 24 | €10,244 | €872 | -€9,372 | -91.5% |
| Current assets | 29/58 | €655,606 | €567,714 | -€87,891 | -13.4% |
| Stocks and contracts in progress | 3 | €127,786 | €0 | -€127,786 | -100% |
| Stocks | 30/36 | €127,786 | €0 | -€127,786 | -100% |
| Amounts receivable within one year | 40/41 | €29,315 | €12,214 | -€17,101 | -58.3% |
| Trade receivables | 40 | €26,417 | €10,232 | -€16,185 | -61.3% |
| Other amounts receivable | 41 | €2,898 | €1,982 | -€917 | -31.6% |
| Current investments | 50/53 | €451,298 | €521,431 | +€70,133 | +15.5% |
| Cash at bank and in hand | 54/58 | €13,673 | €4,069 | -€9,603 | -70.2% |
| Deferred charges and accrued income | 490/1 | €33,534 | €30,000 | -€3,534 | -10.5% |
| Total equity and liabilities | 10/49 | €818,011 | €715,045 | -€102,966 | -12.6% |
| Equity | 10/15 | €707,089 | €516,297 | -€190,792 | -27.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €11,870 | €11,870 | = | 0.0% |
| Reserves | 13 | €753,866 | €560,064 | -€193,802 | -25.7% |
| Distributable reserves | 133 | €753,866 | €560,064 | -€193,802 | -25.7% |
| Profit (loss) carried forward | 14 | -€77,198 | -€74,187 | +€3,011 | +3.9% |
| Amounts payable | 17/49 | €110,922 | €198,748 | +€87,826 | +79.2% |
| Amounts payable within one year | 42/48 | €110,922 | €198,748 | +€87,826 | +79.2% |
| Trade debts | 44 | €72,009 | €4,946 | -€67,063 | -93.1% |
| Suppliers | 440/4 | €72,009 | €4,946 | -€67,063 | -93.1% |
| Advances received on contracts in progress | 46 | €24,577 | €0 | -€24,577 | -100% |
| Taxes, remuneration and social security | 45 | €14,336 | €9,690 | -€4,646 | -32.4% |
| Taxes | 450/3 | €0 | €9,690 | +€9,690 | |
| Remuneration and social security | 454/9 | €14,336 | €0 | -€14,336 | -100% |
| Other amounts payable | 47/48 | - | €184,112 | +€184,112 | |
| Non-recurring operating income | 76A | - | €2,625 | +€2,625 | |
| Remuneration, social security and pensions | 62 | €304,974 | €58,026 | -€246,948 | -81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,653 | €14,429 | -€224 | -1.5% |
| Other operating charges | 640/8 | €6,870 | €7,354 | +€485 | +7.1% |
| Non-recurring operating charges | 66A | - | €646 | +€646 | |
| Gross operating margin | 9900 | €246,478 | €79,696 | -€166,783 | -67.7% |
| Operating profit (loss) | 9901 | -€80,018 | -€760 | +€79,259 | +99.1% |
| Financial income | 75/76B | €2,967 | €4,140 | +€1,173 | +39.5% |
| Recurring financial income | 75 | €2,967 | €4,140 | +€1,173 | +39.5% |
| Financial charges | 65/66B | €147 | €369 | +€223 | +152% |
| Recurring financial charges | 65 | €147 | €369 | +€223 | +152% |
| Profit (loss) for the period before taxes | 9903 | -€77,198 | €3,011 | +€80,209 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€77,198 | €3,011 | +€80,209 | |
| Profit (loss) for the period to be appropriated | 9905 | -€77,198 | €3,011 | +€80,209 |
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 27 October 2026 via checked.be.