BG CHAUFFAGE: what changed
What changed
BG CHAUFFAGE
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€135,367
2024 · €114,165+€21,201
Equity
€261,143
2024 · €157,726+€103,416
Cash
€286,535
2024 · €185,441+€101,094
Balance sheet total
€694,902
2024 · €499,458+€195,444
Largest movements
Assets
- Cash +€101,094
up €101,094 (+54.5%), from €185,441 to €286,535
mainly Net result for the year (+€135,367) and Trade debts (+€65,484)
- Receivables within one year +€82,381
up €82,381 (+436%), from €18,915 to €101,296
of which Trade receivables: +€61,505
- Tangible fixed assets +€13,966
up €13,966 (+4.8%), from €290,291 to €304,257
of which Furniture and vehicles: +€11,723
Equity and liabilities
- Profit (loss) carried forward +€85,367
up €85,367, from €0 to €85,367
- Trade debts +€65,484
up €65,484 (+1,060%), from €6,175 to €71,659
- Other debts +€50,000
up €50,000 (+43.1%), from €116,100 to €166,100
- Investment grants +€30,804
new in 2025: €30,804
- Reserves -€12,754
down €12,754 (-9.2%), from €139,126 to €126,372
Income statement
- Turnover +€67,866
up €67,866 (+11.8%), from €573,901 to €641,766
- Gross operating margin +€26,497
up €26,497 (+10.9%), from €243,910 to €270,407
- Purchases and services +€22,815
up €22,815 (+6.3%), from €360,826 to €383,642
- Staff costs +€11,246
up €11,246 (+19.2%), from €58,532 to €69,778
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€114,165
Gross operating margin
+€26,497
Staff costs
-€11,246
Depreciation
-€4,497
Other operating charges
+€374
Other operating items
+€1,248
Financial income
+€5,521
Financial charges
+€454
Taxes
+€2,851
Result 2025
€135,367
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€178,589
Investment
-€33,768
Financing
-€43,727
Cash 2024
€185,441
From operations (derived)
+€178,589
Net result for the year
+€135,367
Depreciation
+€20,201
Receivables within one year
-€82,381
Deferred charges and accrued income
+€1,597
Trade debts
+€65,484
Tax, wage and social debts
-€10,529
Other debts
+€50,000
Accrued charges and deferred income
-€1,150
Investment (derived)
-€33,768
Investment in fixed assets (net)
-€33,768
Financing
-€43,727
Debts after one year
-€12,212
Current portion of long-term debt
+€435
Contributions, distributions and other
-€31,950
Cash 2025
€286,535
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €499,458 | €694,902 | +€195,444 | +39.1% |
| Fixed assets | 21/28 | €290,691 | €304,257 | +€13,566 | +4.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €290,291 | €304,257 | +€13,966 | +4.8% |
| Land and buildings | 22 | €277,910 | €281,244 | +€3,334 | +1.2% |
| Plant, machinery and equipment | 23 | €1,826 | €735 | -€1,091 | -59.7% |
| Furniture and vehicles | 24 | €10,555 | €22,278 | +€11,723 | +111% |
| Financial fixed assets | 28 | €400 | €0 | -€400 | -100% |
| Current assets | 29/58 | €208,767 | €390,644 | +€181,878 | +87.1% |
| Amounts receivable within one year | 40/41 | €18,915 | €101,296 | +€82,381 | +436% |
| Trade receivables | 40 | €10,760 | €72,265 | +€61,505 | +572% |
| Other amounts receivable | 41 | €8,155 | €29,031 | +€20,876 | +256% |
| Cash at bank and in hand | 54/58 | €185,441 | €286,535 | +€101,094 | +54.5% |
| Deferred charges and accrued income | 490/1 | €4,411 | €2,813 | -€1,597 | -36.2% |
| Total equity and liabilities | 10/49 | €499,458 | €694,902 | +€195,444 | +39.1% |
| Equity | 10/15 | €157,726 | €261,143 | +€103,416 | +65.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,126 | €126,372 | -€12,754 | -9.2% |
| Distributable reserves | 133 | €139,126 | €126,372 | -€12,754 | -9.2% |
| Profit (loss) carried forward | 14 | €0 | €85,367 | +€85,367 | |
| Investment grants | 15 | - | €30,804 | +€30,804 | |
| Amounts payable | 17/49 | €341,731 | €433,759 | +€92,028 | +26.9% |
| Amounts payable after more than one year | 17 | €192,726 | €180,514 | -€12,212 | -6.3% |
| Financial debts | 170/4 | €192,726 | €180,514 | -€12,212 | -6.3% |
| Amounts payable within one year | 42/48 | €147,815 | €253,204 | +€105,389 | +71.3% |
| Current portion of amounts payable after more than one year | 42 | €11,777 | €12,212 | +€435 | +3.7% |
| Trade debts | 44 | €6,175 | €71,659 | +€65,484 | +1,060% |
| Suppliers | 440/4 | €6,175 | €71,659 | +€65,484 | +1,060% |
| Taxes, remuneration and social security | 45 | €13,763 | €3,234 | -€10,529 | -76.5% |
| Taxes | 450/3 | €13,552 | €3,234 | -€10,318 | -76.1% |
| Remuneration and social security | 454/9 | €211 | €0 | -€211 | -100% |
| Other amounts payable | 47/48 | €116,100 | €166,100 | +€50,000 | +43.1% |
| Accrued charges and deferred income | 492/3 | €1,191 | €41 | -€1,150 | -96.6% |
| Turnover | 70 | €573,901 | €641,766 | +€67,866 | +11.8% |
| Non-recurring operating income | 76A | €0 | €29 | +€29 | |
| Goods, raw materials, services and sundry goods | 60/61 | €360,826 | €383,642 | +€22,815 | +6.3% |
| Remuneration, social security and pensions | 62 | €58,532 | €69,778 | +€11,246 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,704 | €20,201 | +€4,497 | +28.6% |
| Other operating charges | 640/8 | €3,137 | €2,763 | -€374 | -11.9% |
| Non-recurring operating charges | 66A | €1,248 | €0 | -€1,248 | -100% |
| Gross operating margin | 9900 | €243,910 | €270,407 | +€26,497 | +10.9% |
| Operating profit (loss) | 9901 | €165,288 | €177,664 | +€12,376 | +7.5% |
| Financial income | 75/76B | €188 | €5,709 | +€5,521 | +2,932% |
| Recurring financial income | 75 | €188 | €5,709 | +€5,521 | +2,932% |
| Financial charges | 65/66B | €8,096 | €7,642 | -€454 | -5.6% |
| Recurring financial charges | 65 | €8,096 | €7,642 | -€454 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €157,381 | €175,731 | +€18,351 | +11.7% |
| Income taxes | 67/77 | €43,215 | €40,365 | -€2,851 | -6.6% |
| Profit (loss) for the period | 9904 | €114,165 | €135,367 | +€21,201 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €114,165 | €135,367 | +€21,201 | +18.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.