Calsyn Verwarming: 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.
Calsyn Verwarming
Largest movements
- Receivables within one year +€36,295
up €36,295 (+41.9%), from €86,721 to €123,016
of which Trade receivables: +€24,136
- Cash -€34,876
down €34,876 (-61.4%), from €56,760 to €21,884
mainly Contributions, distributions and other (-€38,660) and Receivables within one year (-€36,295)
- Tangible fixed assets -€32,565
down €32,565 (-8.7%), from €372,672 to €340,107
of which Furniture and vehicles: -€20,540
- Other debts +€38,613
new in 2025: €38,613
- Trade debts -€34,097
down €34,097 (-72.8%), from €46,866 to €12,769
- Debts after one year -€24,405
down €24,405 (-10.2%), from €238,867 to €214,463
- Current portion of long-term debt -€7,329
down €7,329 (-21.7%), from €33,788 to €26,459
- Gross operating margin +€25,777
up €25,777 (+10.8%), from €238,139 to €263,916
- Taxes +€3,330
up €3,330 (+34.8%), from €9,566 to €12,895
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 | €546,581 | €519,564 | -€27,017 | -4.9% |
| Fixed assets | 21/28 | €372,672 | €340,107 | -€32,565 | -8.7% |
| Tangible fixed assets | 22/27 | €372,672 | €340,107 | -€32,565 | -8.7% |
| Land and buildings | 22 | €333,572 | €320,102 | -€13,470 | -4.0% |
| Plant, machinery and equipment | 23 | €3,205 | €4,650 | +€1,445 | +45.1% |
| Furniture and vehicles | 24 | €35,894 | €15,354 | -€20,540 | -57.2% |
| Current assets | 29/58 | €173,910 | €179,457 | +€5,547 | +3.2% |
| Stocks and contracts in progress | 3 | €23,841 | €23,997 | +€156 | +0.7% |
| Stocks | 30/36 | €23,841 | €23,997 | +€156 | +0.7% |
| Amounts receivable within one year | 40/41 | €86,721 | €123,016 | +€36,295 | +41.9% |
| Trade receivables | 40 | €63,321 | €87,457 | +€24,136 | +38.1% |
| Other amounts receivable | 41 | €23,400 | €35,560 | +€12,160 | +52.0% |
| Current investments | 50/53 | €1,172 | €0 | -€1,172 | -100% |
| Cash at bank and in hand | 54/58 | €56,760 | €21,884 | -€34,876 | -61.4% |
| Deferred charges and accrued income | 490/1 | €5,416 | €10,560 | +€5,144 | +95.0% |
| Total equity and liabilities | 10/49 | €546,581 | €519,564 | -€27,017 | -4.9% |
| Equity | 10/15 | €212,903 | €212,903 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €202,903 | €202,903 | = | 0.0% |
| Distributable reserves | 133 | €202,903 | €202,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €333,678 | €306,661 | -€27,017 | -8.1% |
| Amounts payable after more than one year | 17 | €238,867 | €214,463 | -€24,405 | -10.2% |
| Financial debts | 170/4 | €238,867 | €214,463 | -€24,405 | -10.2% |
| Amounts payable within one year | 42/48 | €94,811 | €92,198 | -€2,613 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €33,788 | €26,459 | -€7,329 | -21.7% |
| Financial debts | 43 | €0 | €274 | +€274 | |
| Credit institutions | 430/8 | €0 | €274 | +€274 | |
| Trade debts | 44 | €46,866 | €12,769 | -€34,097 | -72.8% |
| Suppliers | 440/4 | €46,866 | €12,769 | -€34,097 | -72.8% |
| Taxes, remuneration and social security | 45 | €14,156 | €14,083 | -€74 | -0.5% |
| Taxes | 450/3 | €1,567 | €895 | -€671 | -42.9% |
| Remuneration and social security | 454/9 | €12,590 | €13,187 | +€598 | +4.7% |
| Other amounts payable | 47/48 | - | €38,613 | +€38,613 | |
| Remuneration, social security and pensions | 62 | €157,190 | €157,065 | -€124 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,808 | €35,809 | +€2,001 | +5.9% |
| Other operating charges | 640/8 | €4,094 | €3,641 | -€452 | -11.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €238,139 | €263,916 | +€25,777 | +10.8% |
| Operating profit (loss) | 9901 | €43,047 | €67,400 | +€24,353 | +56.6% |
| Financial income | 75/76B | €489 | €313 | -€175 | -35.9% |
| Recurring financial income | 75 | €489 | €313 | -€175 | -35.9% |
| Financial charges | 65/66B | €16,388 | €16,159 | -€230 | -1.4% |
| Recurring financial charges | 65 | €16,388 | €16,159 | -€230 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €27,148 | €51,555 | +€24,407 | +89.9% |
| Income taxes | 67/77 | €9,566 | €12,895 | +€3,330 | +34.8% |
| Profit (loss) for the period | 9904 | €17,582 | €38,660 | +€21,078 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €17,582 | €38,660 | +€21,078 | +120% |
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 15 October 2026 via checked.be.