BD HEATING SOLUTIONS: 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.
BD HEATING SOLUTIONS
Largest movements
- Cash +€21,319
up €21,319 (+10.0%), from €213,169 to €234,487
mainly Net result for the year (+€80,408) and Tax, wage and social debts (+€22,174)
- Reserves +€79,608
up €79,608 (+24.4%), from €326,842 to €406,450
- Trade debts -€68,256
down €68,256 (-69.4%), from €98,359 to €30,103
- Tax, wage and social debts +€22,174
up €22,174 (+34.5%), from €64,269 to €86,442
of which Taxes: +€23,607
- Other debts -€12,346
down €12,346 (-51.9%), from €23,777 to €11,431
- Gross operating margin -€175,166
down €175,166 (-57.1%), from €306,958 to €131,792
- Taxes -€56,941
down €56,941 (-62.4%), from €91,322 to €34,381
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 | €552,257 | €572,384 | +€20,127 | +3.6% |
| Fixed assets | 21/28 | €16,353 | €15,034 | -€1,319 | -8.1% |
| Tangible fixed assets | 22/27 | €12,853 | €11,534 | -€1,319 | -10.3% |
| Plant, machinery and equipment | 23 | €12,417 | €11,534 | -€883 | -7.1% |
| Furniture and vehicles | 24 | €436 | €0 | -€436 | -100% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €535,904 | €557,350 | +€21,446 | +4.0% |
| Stocks and contracts in progress | 3 | €7,256 | €4,777 | -€2,479 | -34.2% |
| Stocks | 30/36 | €7,256 | €4,777 | -€2,479 | -34.2% |
| Amounts receivable within one year | 40/41 | €313,754 | €317,666 | +€3,912 | +1.2% |
| Trade receivables | 40 | €313,431 | €317,666 | +€4,235 | +1.4% |
| Other amounts receivable | 41 | €323 | €0 | -€323 | -100% |
| Cash at bank and in hand | 54/58 | €213,169 | €234,487 | +€21,319 | +10.0% |
| Deferred charges and accrued income | 490/1 | €1,725 | €419 | -€1,306 | -75.7% |
| Total equity and liabilities | 10/49 | €552,257 | €572,384 | +€20,127 | +3.6% |
| Equity | 10/15 | €364,800 | €444,408 | +€79,608 | +21.8% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €326,842 | €406,450 | +€79,608 | +24.4% |
| Distributable reserves | 133 | €326,842 | €406,450 | +€79,608 | +24.4% |
| Profit (loss) carried forward | 14 | €31,358 | €31,358 | = | 0.0% |
| Amounts payable | 17/49 | €187,458 | €127,976 | -€59,481 | -31.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €187,274 | €127,976 | -€59,297 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €868 | €0 | -€868 | -100% |
| Trade debts | 44 | €98,359 | €30,103 | -€68,256 | -69.4% |
| Suppliers | 440/4 | €98,359 | €30,103 | -€68,256 | -69.4% |
| Taxes, remuneration and social security | 45 | €64,269 | €86,442 | +€22,174 | +34.5% |
| Taxes | 450/3 | €62,835 | €86,442 | +€23,607 | +37.6% |
| Remuneration and social security | 454/9 | €1,433 | €0 | -€1,433 | -100% |
| Other amounts payable | 47/48 | €23,777 | €11,431 | -€12,346 | -51.9% |
| Accrued charges and deferred income | 492/3 | €184 | €0 | -€184 | -100% |
| Remuneration, social security and pensions | 62 | €10,994 | €9,762 | -€1,232 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,596 | €4,424 | +€828 | +23.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,139 | €1,415 | +€276 | +24.2% |
| Gross operating margin | 9900 | €306,958 | €131,792 | -€175,166 | -57.1% |
| Operating profit (loss) | 9901 | €291,229 | €116,191 | -€175,038 | -60.1% |
| Financial income | 75/76B | €2,334 | €237 | -€2,098 | -89.9% |
| Recurring financial income | 75 | €2,334 | €237 | -€2,098 | -89.9% |
| Financial charges | 65/66B | €2,409 | €1,639 | -€771 | -32.0% |
| Recurring financial charges | 65 | €2,409 | €1,639 | -€771 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €291,154 | €114,789 | -€176,364 | -60.6% |
| Income taxes | 67/77 | €91,322 | €34,381 | -€56,941 | -62.4% |
| Profit (loss) for the period | 9904 | €199,832 | €80,408 | -€119,424 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €199,832 | €80,408 | -€119,424 | -59.8% |
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 14 October 2026 via checked.be.