AG CHAUFFAGE: 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.
AG CHAUFFAGE
Largest movements
- Deferred charges and accrued income -€12,986
down €12,986 (-70.2%), from €18,498 to €5,513
- Stocks and contracts -€9,519
down €9,519 (-24.9%), from €38,161 to €28,642
- Cash -€5,487
down €5,487 (-14.4%), from €38,020 to €32,533
mainly Debts after one year (-€9,351) and Investment in fixed assets (net) (-€6,481)
- Tangible fixed assets -€3,774
down €3,774 (-10.7%), from €35,297 to €31,523
of which Furniture and vehicles: -€10,835
- Receivables within one year +€2,000
up €2,000 (+17.3%), from €11,537 to €13,537
of which Trade receivables: +€2,133
- Debts after one year -€9,351
no longer reported in 2025 (was €9,351)
- Current portion of long-term debt -€5,932
no longer reported in 2025 (was €5,932)
- Other debts -€3,704
no longer reported in 2025 (was €3,704)
- Advances received -€3,336
no longer reported in 2025 (was €3,336)
- Reserves -€2,850
down €2,850 (-3.8%), from €75,710 to €72,860
- Gross operating margin -€9,525
down €9,525 (-52.3%), from €18,219 to €8,694
- Depreciation -€1,984
down €1,984 (-16.2%), from €12,239 to €10,255
- Financial charges -€679
down €679 (-55.8%), from €1,218 to €538
of which Financial charges: -€380
- Taxes -€289
no longer reported in 2025 (was €289)
- Financial income -€202
down €202 (-7.5%), from €2,687 to €2,486
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 | €141,568 | €111,803 | -€29,766 | -21.0% |
| Fixed assets | 21/28 | €35,352 | €31,578 | -€3,774 | -10.7% |
| Tangible fixed assets | 22/27 | €35,297 | €31,523 | -€3,774 | -10.7% |
| Plant, machinery and equipment | 23 | €2,183 | €9,245 | +€7,062 | +323% |
| Furniture and vehicles | 24 | €33,114 | €22,278 | -€10,835 | -32.7% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €106,216 | €80,224 | -€25,992 | -24.5% |
| Stocks and contracts in progress | 3 | €38,161 | €28,642 | -€9,519 | -24.9% |
| Stocks | 30/36 | €38,161 | €28,642 | -€9,519 | -24.9% |
| Amounts receivable within one year | 40/41 | €11,537 | €13,537 | +€2,000 | +17.3% |
| Trade receivables | 40 | €2,868 | €5,002 | +€2,133 | +74.4% |
| Other amounts receivable | 41 | €8,669 | €8,535 | -€134 | -1.5% |
| Cash at bank and in hand | 54/58 | €38,020 | €32,533 | -€5,487 | -14.4% |
| Deferred charges and accrued income | 490/1 | €18,498 | €5,513 | -€12,986 | -70.2% |
| Total equity and liabilities | 10/49 | €141,568 | €111,803 | -€29,766 | -21.0% |
| Equity | 10/15 | €114,893 | €109,958 | -€4,935 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,710 | €72,860 | -€2,850 | -3.8% |
| Distributable reserves | 133 | €75,710 | €72,860 | -€2,850 | -3.8% |
| Profit (loss) carried forward | 14 | €20,583 | €18,498 | -€2,085 | -10.1% |
| Amounts payable | 17/49 | €26,675 | €1,844 | -€24,831 | -93.1% |
| Amounts payable after more than one year | 17 | €9,351 | - | -€9,351 | |
| Financial debts | 170/4 | €9,351 | - | -€9,351 | |
| Amounts payable within one year | 42/48 | €17,324 | €1,844 | -€15,480 | -89.4% |
| Current portion of amounts payable after more than one year | 42 | €5,932 | - | -€5,932 | |
| Trade debts | 44 | €4,353 | €1,844 | -€2,508 | -57.6% |
| Suppliers | 440/4 | €4,353 | €1,844 | -€2,508 | -57.6% |
| Advances received on contracts in progress | 46 | €3,336 | - | -€3,336 | |
| Other amounts payable | 47/48 | €3,704 | - | -€3,704 | |
| Non-recurring operating income | 76A | - | €136 | +€136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,239 | €10,255 | -€1,984 | -16.2% |
| Other operating charges | 640/8 | €250 | €362 | +€112 | +44.7% |
| Non-recurring operating charges | 66A | €6,217 | €2,110 | -€4,108 | -66.1% |
| Gross operating margin | 9900 | €18,219 | €8,694 | -€9,525 | -52.3% |
| Operating profit (loss) | 9901 | -€487 | -€4,032 | -€3,545 | -728% |
| Financial income | 75/76B | €2,687 | €2,486 | -€202 | -7.5% |
| Recurring financial income | 75 | €2,687 | €2,486 | -€202 | -7.5% |
| Financial charges | 65/66B | €1,218 | €538 | -€679 | -55.8% |
| Recurring financial charges | 65 | €918 | €538 | -€380 | -41.3% |
| Non-recurring financial charges | 66B | €300 | - | -€300 | |
| Profit (loss) for the period before taxes | 9903 | €983 | -€2,085 | -€3,068 | |
| Income taxes | 67/77 | €289 | - | -€289 | |
| Profit (loss) for the period | 9904 | €694 | -€2,085 | -€2,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €694 | -€2,085 | -€2,779 |
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 30 October 2026 via checked.be.