BUILDING HEATHING PROJECTS: 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.
BUILDING HEATHING PROJECTS
Largest movements
- Cash +€48,328
up €48,328 (+85.8%), from €56,339 to €104,667
mainly Receivables within one year (+€24,890) and Net result for the year (+€18,808)
- Receivables within one year -€24,890
down €24,890 (-32.8%), from €75,952 to €51,062
of which Trade receivables: -€36,224
- Tangible fixed assets -€7,732
down €7,732 (-42.9%), from €18,032 to €10,300
- Reserves +€18,808
up €18,808 (+106.5%), from €17,666 to €36,474
- Trade debts -€2,643
down €2,643 (-18.6%), from €14,209 to €11,566
- Financial charges -€5,831
down €5,831 (-96.2%), from €6,061 to €230
- Taxes +€2,968
up €2,968 (+49.6%), from €5,979 to €8,947
- Gross operating margin -€823
down €823 (-1.1%), from €71,598 to €70,776
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.
Cash bridge derived
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 | €158,632 | €173,736 | +€15,104 | +9.5% |
| Fixed assets | 21/28 | €19,886 | €12,153 | -€7,733 | -38.9% |
| Intangible fixed assets | 21 | €169 | €169 | -€0 | -0.2% |
| Tangible fixed assets | 22/27 | €18,032 | €10,300 | -€7,732 | -42.9% |
| Furniture and vehicles | 24 | €18,032 | €10,300 | -€7,732 | -42.9% |
| Financial fixed assets | 28 | €1,685 | €1,685 | +€0 | 0.0% |
| Current assets | 29/58 | €138,746 | €161,582 | +€22,836 | +16.5% |
| Amounts receivable within one year | 40/41 | €75,952 | €51,062 | -€24,890 | -32.8% |
| Trade receivables | 40 | €62,258 | €26,034 | -€36,224 | -58.2% |
| Other amounts receivable | 41 | €13,694 | €25,029 | +€11,335 | +82.8% |
| Cash at bank and in hand | 54/58 | €56,339 | €104,667 | +€48,328 | +85.8% |
| Deferred charges and accrued income | 490/1 | €6,455 | €5,853 | -€602 | -9.3% |
| Total equity and liabilities | 10/49 | €158,632 | €173,736 | +€15,104 | +9.5% |
| Equity | 10/15 | €130,414 | €149,222 | +€18,808 | +14.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €17,666 | €36,474 | +€18,808 | +106.5% |
| Distributable reserves | 133 | €17,666 | €36,474 | +€18,808 | +106.5% |
| Profit (loss) carried forward | 14 | €100,348 | €100,348 | +€0 | 0.0% |
| Amounts payable | 17/49 | €28,218 | €24,513 | -€3,705 | -13.1% |
| Amounts payable within one year | 42/48 | €28,218 | €24,513 | -€3,705 | -13.1% |
| Trade debts | 44 | €14,209 | €11,566 | -€2,643 | -18.6% |
| Suppliers | 440/4 | €14,209 | €11,566 | -€2,643 | -18.6% |
| Taxes, remuneration and social security | 45 | €13,560 | €12,948 | -€612 | -4.5% |
| Taxes | 450/3 | €7,272 | €8,947 | +€1,675 | +23.0% |
| Remuneration and social security | 454/9 | €6,288 | €4,001 | -€2,287 | -36.4% |
| Other amounts payable | 47/48 | €449 | - | -€449 | |
| Remuneration, social security and pensions | 62 | €35,559 | €34,877 | -€682 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,558 | €8,740 | +€182 | +2.1% |
| Other operating charges | 640/8 | €1,057 | €1,309 | +€252 | +23.9% |
| Gross operating margin | 9900 | €71,598 | €70,776 | -€823 | -1.1% |
| Operating profit (loss) | 9901 | €26,424 | €25,849 | -€575 | -2.2% |
| Financial income | 75/76B | €1,422 | €2,136 | +€714 | +50.2% |
| Recurring financial income | 75 | €1,422 | €2,136 | +€714 | +50.2% |
| Financial charges | 65/66B | €6,061 | €230 | -€5,831 | -96.2% |
| Recurring financial charges | 65 | €6,061 | €230 | -€5,831 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | €21,785 | €27,755 | +€5,970 | +27.4% |
| Income taxes | 67/77 | €5,979 | €8,947 | +€2,968 | +49.6% |
| Profit (loss) for the period | 9904 | €15,806 | €18,808 | +€3,002 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,806 | €18,808 | +€3,002 | +19.0% |
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 12 October 2026 via checked.be.