B.HEATER: 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.
B.HEATER
Largest movements
- Receivables within one year +€4,774
new in 2025: €4,774
of which Trade receivables: +€4,142
- Tangible fixed assets +€4,569
up €4,569 (+132%), from €3,462 to €8,031
of which Furniture and vehicles: +€4,575
- Cash -€4,156
down €4,156 (-48.7%), from €8,535 to €4,379
mainly Investment in fixed assets (net) (-€5,649) and Receivables within one year (-€4,774)
- Stocks and contracts +€2,896
new in 2025: €2,896
- Deferred charges and accrued income +€1,177
up €1,177 (+613%), from €192 to €1,369
- Advances received +€12,294
new in 2025: €12,294
- Tax, wage and social debts +€2,543
up €2,543 (+61.5%), from €4,134 to €6,677
- Trade debts -€2,347
no longer reported in 2025 (was €2,347)
- Profit (loss) carried forward -€1,856
down €1,856 (-58.9%), from €3,151 to €1,295
- Other debts -€1,406
down €1,406 (-49.2%), from €2,857 to €1,451
- Gross operating margin -€6,257
down €6,257 (-81.4%), from €7,686 to €1,429
- Depreciation +€878
up €878 (+433%), from €203 to €1,081
- Taxes -€109
down €109 (-5.3%), from €2,045 to €1,936
- Other operating charges -€92
down €92 (-35.5%), from €258 to €166
- Financial charges +€82
up €82 (+391%), from €21 to €103
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 | €12,590 | €21,849 | +€9,259 | +73.5% |
| Fixed assets | 21/28 | €3,862 | €8,431 | +€4,569 | +118% |
| Tangible fixed assets | 22/27 | €3,462 | €8,031 | +€4,569 | +132% |
| Land and buildings | 22 | €2,511 | €2,252 | -€259 | -10.3% |
| Plant, machinery and equipment | 23 | €952 | €1,204 | +€252 | +26.5% |
| Furniture and vehicles | 24 | - | €4,575 | +€4,575 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €8,727 | €13,418 | +€4,691 | +53.7% |
| Stocks and contracts in progress | 3 | - | €2,896 | +€2,896 | |
| Stocks | 30/36 | - | €2,896 | +€2,896 | |
| Amounts receivable within one year | 40/41 | - | €4,774 | +€4,774 | |
| Trade receivables | 40 | - | €4,142 | +€4,142 | |
| Other amounts receivable | 41 | - | €633 | +€633 | |
| Cash at bank and in hand | 54/58 | €8,535 | €4,379 | -€4,156 | -48.7% |
| Deferred charges and accrued income | 490/1 | €192 | €1,369 | +€1,177 | +613% |
| Total equity and liabilities | 10/49 | €12,590 | €21,849 | +€9,259 | +73.5% |
| Equity | 10/15 | €3,251 | €1,395 | -€1,856 | -57.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | €100 | = | 0.0% |
| Issued capital | 100 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,151 | €1,295 | -€1,856 | -58.9% |
| Amounts payable | 17/49 | €9,338 | €20,454 | +€11,115 | +119% |
| Amounts payable within one year | 42/48 | €9,338 | €20,423 | +€11,084 | +119% |
| Trade debts | 44 | €2,347 | - | -€2,347 | |
| Suppliers | 440/4 | €2,347 | - | -€2,347 | |
| Advances received on contracts in progress | 46 | - | €12,294 | +€12,294 | |
| Taxes, remuneration and social security | 45 | €4,134 | €6,677 | +€2,543 | +61.5% |
| Taxes | 450/3 | €4,134 | €6,677 | +€2,543 | +61.5% |
| Other amounts payable | 47/48 | €2,857 | €1,451 | -€1,406 | -49.2% |
| Accrued charges and deferred income | 492/3 | - | €31 | +€31 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203 | €1,081 | +€878 | +433% |
| Other operating charges | 640/8 | €258 | €166 | -€92 | -35.5% |
| Gross operating margin | 9900 | €7,686 | €1,429 | -€6,257 | -81.4% |
| Operating profit (loss) | 9901 | €7,225 | €182 | -€7,043 | -97.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €21 | €103 | +€82 | +391% |
| Recurring financial charges | 65 | €21 | €103 | +€82 | +391% |
| Profit (loss) for the period before taxes | 9903 | €7,204 | €80 | -€7,124 | -98.9% |
| Income taxes | 67/77 | €2,045 | €1,936 | -€109 | -5.3% |
| Profit (loss) for the period | 9904 | €5,159 | -€1,856 | -€7,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,159 | -€1,856 | -€7,015 |
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 24 October 2026 via checked.be.