BLD Verwarmingen: 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.
BLD Verwarmingen
Largest movements
- Cash -€22,826
down €22,826 (-36.5%), from €62,521 to €39,695
mainly Investment in fixed assets (net) (-€18,878) and Contributions, distributions and other (-€18,049)
- Tangible fixed assets +€10,075
up €10,075 (+30.9%), from €32,619 to €42,694
of which Furniture and vehicles: +€13,085
- Deferred charges and accrued income -€2,889
down €2,889 (-70.9%), from €4,077 to €1,187
- Trade debts -€6,422
no longer reported in 2025 (was €6,422)
- Reserves -€4,994
down €4,994 (-5.4%), from €92,527 to €87,533
of which Distributable reserves: -€4,994
- Tax, wage and social debts -€3,427
down €3,427 (-91.0%), from €3,768 to €341
- Gross operating margin -€26,592
down €26,592 (-44.2%), from €60,116 to €33,524
- Financial charges -€12,357
down €12,357 (-84.6%), from €14,602 to €2,245
of which Non-recurring financial charges: -€11,740
- Taxes -€2,762
down €2,762 (-24.5%), from €11,268 to €8,505
- Financial income -€684
down €684 (-47.7%), from €1,434 to €750
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 | €110,360 | €95,681 | -€14,680 | -13.3% |
| Fixed assets | 21/28 | €32,829 | €42,904 | +€10,075 | +30.7% |
| Tangible fixed assets | 22/27 | €32,619 | €42,694 | +€10,075 | +30.9% |
| Land and buildings | 22 | - | €875 | +€875 | |
| Plant, machinery and equipment | 23 | €1,691 | €521 | -€1,170 | -69.2% |
| Furniture and vehicles | 24 | €8,552 | €21,637 | +€13,085 | +153% |
| Other tangible fixed assets | 26 | €22,376 | €19,660 | -€2,715 | -12.1% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €77,531 | €52,776 | -€24,755 | -31.9% |
| Stocks and contracts in progress | 3 | €8,232 | €8,348 | +€115 | +1.4% |
| Stocks | 30/36 | €8,232 | €2,354 | -€5,878 | -71.4% |
| Contracts in progress | 37 | - | €5,994 | +€5,994 | |
| Amounts receivable within one year | 40/41 | €2,701 | €3,546 | +€845 | +31.3% |
| Trade receivables | 40 | €1,540 | €707 | -€833 | -54.1% |
| Other amounts receivable | 41 | €1,161 | €2,838 | +€1,678 | +145% |
| Cash at bank and in hand | 54/58 | €62,521 | €39,695 | -€22,826 | -36.5% |
| Deferred charges and accrued income | 490/1 | €4,077 | €1,187 | -€2,889 | -70.9% |
| Total equity and liabilities | 10/49 | €110,360 | €95,681 | -€14,680 | -13.3% |
| Equity | 10/15 | €98,727 | €93,733 | -€4,994 | -5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €92,527 | €87,533 | -€4,994 | -5.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €92,527 | €87,533 | -€4,994 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €11,633 | €1,948 | -€9,685 | -83.3% |
| Amounts payable within one year | 42/48 | €11,633 | €1,948 | -€9,685 | -83.3% |
| Trade debts | 44 | €6,422 | - | -€6,422 | |
| Suppliers | 440/4 | €6,422 | - | -€6,422 | |
| Taxes, remuneration and social security | 45 | €3,768 | €341 | -€3,427 | -91.0% |
| Taxes | 450/3 | €3,768 | €341 | -€3,427 | -91.0% |
| Other amounts payable | 47/48 | €1,443 | €1,607 | +€163 | +11.3% |
| Remuneration, social security and pensions | 62 | - | €3 | +€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,750 | €8,803 | +€52 | +0.6% |
| Other operating charges | 640/8 | €1,464 | €1,663 | +€199 | +13.6% |
| Gross operating margin | 9900 | €60,116 | €33,524 | -€26,592 | -44.2% |
| Operating profit (loss) | 9901 | €49,902 | €23,055 | -€26,847 | -53.8% |
| Financial income | 75/76B | €1,434 | €750 | -€684 | -47.7% |
| Recurring financial income | 75 | €1,434 | €750 | -€684 | -47.7% |
| Financial charges | 65/66B | €14,602 | €2,245 | -€12,357 | -84.6% |
| Recurring financial charges | 65 | €2,861 | €2,245 | -€617 | -21.6% |
| Non-recurring financial charges | 66B | €11,740 | - | -€11,740 | |
| Profit (loss) for the period before taxes | 9903 | €36,734 | €21,560 | -€15,174 | -41.3% |
| Income taxes | 67/77 | €11,268 | €8,505 | -€2,762 | -24.5% |
| Profit (loss) for the period | 9904 | €25,466 | €13,055 | -€12,411 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,466 | €13,055 | -€12,411 | -48.7% |
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 26 October 2026 via checked.be.