Cascade et Chaleur: what changed
What changed
Cascade et Chaleur
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€20
2024 · €21,080-€21,059
Equity
€134,923
2024 · €134,902+€20
Cash
€34,564
2024 · €16,174+€18,390
Balance sheet total
€372,557
2024 · €364,184+€8,373
Largest movements
Assets
- Cash +€18,390
up €18,390 (+114%), from €16,174 to €34,564
mainly Trade debts (+€11,533) and Receivables within one year (+€11,284)
- Current investments +€12,219
up €12,219 (+44.4%), from €27,530 to €39,749
- Receivables within one year -€11,284
down €11,284 (-5.5%), from €206,017 to €194,733
of which Other amounts receivable: -€9,203
- Stocks and contracts -€5,700
down €5,700 (-7.5%), from €76,001 to €70,301
- Deferred charges and accrued income -€4,202
down €4,202 (-43.6%), from €9,639 to €5,437
Equity and liabilities
- Trade debts +€11,533
up €11,533 (+6.4%), from €181,381 to €192,915
- Accrued charges and deferred income +€7,262
up €7,262 (+582%), from €1,248 to €8,510
- Current portion of long-term debt -€6,094
down €6,094 (-73.1%), from €8,336 to €2,242
Income statement
- Gross operating margin -€45,807
down €45,807 (-17.9%), from €256,107 to €210,300
- Staff costs -€26,827
down €26,827 (-12.2%), from €219,185 to €192,357
- Taxes -€8,935
down €8,935, from €8,450 to -€485
- Write-downs -€6,880
down €6,880 (-227%), from -€3,034 to -€9,914
- Financial charges +€5,328
up €5,328 (+50.3%), from €10,589 to €15,917
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
€21,080
Gross operating margin
-€45,807
Staff costs
+€26,827
Depreciation
+€1,713
Write-downs
+€6,880
Other operating charges
-€820
Other operating items
-€14,679
Financial income
+€1,219
Financial charges
-€5,328
Taxes
+€8,935
Result 2025
€20
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
+€41,755
Investment
-€13,164
Financing
-€10,201
Cash 2024
€16,174
From operations (derived)
+€41,755
Net result for the year
+€20
Depreciation
+€1,995
Stocks and contracts
+€5,700
Receivables within one year
+€11,284
Deferred charges and accrued income
+€4,202
Trade debts
+€11,533
Tax, wage and social debts
-€242
Accrued charges and deferred income
+€7,262
Investment (derived)
-€13,164
Investment in fixed assets (net)
-€945
Current investments
-€12,219
Financing
-€10,201
Debts after one year
-€2,242
Current portion of long-term debt
-€6,094
Short-term financial debts
-€1,865
Cash 2025
€34,564
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,184 | €372,557 | +€8,373 | +2.3% |
| Fixed assets | 21/28 | €9,923 | €8,873 | -€1,050 | -10.6% |
| Tangible fixed assets | 22/27 | €4,005 | €2,955 | -€1,050 | -26.2% |
| Plant, machinery and equipment | 23 | €1,210 | €894 | -€316 | -26.1% |
| Furniture and vehicles | 24 | €2,795 | €2,061 | -€734 | -26.3% |
| Financial fixed assets | 28 | €5,918 | €5,918 | = | 0.0% |
| Current assets | 29/58 | €354,262 | €363,684 | +€9,423 | +2.7% |
| Amounts receivable after more than one year | 29 | €18,900 | €18,900 | = | 0.0% |
| Other amounts receivable | 291 | €18,900 | €18,900 | = | 0.0% |
| Stocks and contracts in progress | 3 | €76,001 | €70,301 | -€5,700 | -7.5% |
| Stocks | 30/36 | €76,001 | €70,301 | -€5,700 | -7.5% |
| Amounts receivable within one year | 40/41 | €206,017 | €194,733 | -€11,284 | -5.5% |
| Trade receivables | 40 | €112,218 | €110,136 | -€2,082 | -1.9% |
| Other amounts receivable | 41 | €93,799 | €84,597 | -€9,203 | -9.8% |
| Current investments | 50/53 | €27,530 | €39,749 | +€12,219 | +44.4% |
| Cash at bank and in hand | 54/58 | €16,174 | €34,564 | +€18,390 | +114% |
| Deferred charges and accrued income | 490/1 | €9,639 | €5,437 | -€4,202 | -43.6% |
| Total equity and liabilities | 10/49 | €364,184 | €372,557 | +€8,373 | +2.3% |
| Equity | 10/15 | €134,902 | €134,923 | +€20 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,302 | €116,323 | +€20 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €114,442 | €114,463 | +€20 | 0.0% |
| Amounts payable | 17/49 | €229,282 | €237,635 | +€8,353 | +3.6% |
| Amounts payable after more than one year | 17 | €2,242 | - | -€2,242 | |
| Financial debts | 170/4 | €2,242 | - | -€2,242 | |
| Amounts payable within one year | 42/48 | €225,792 | €229,124 | +€3,332 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €8,336 | €2,242 | -€6,094 | -73.1% |
| Financial debts | 43 | €24,622 | €22,757 | -€1,865 | -7.6% |
| Credit institutions | 430/8 | €24,622 | €22,757 | -€1,865 | -7.6% |
| Trade debts | 44 | €181,381 | €192,915 | +€11,533 | +6.4% |
| Suppliers | 440/4 | €181,381 | €192,915 | +€11,533 | +6.4% |
| Taxes, remuneration and social security | 45 | €11,452 | €11,210 | -€242 | -2.1% |
| Taxes | 450/3 | €8,560 | €8,075 | -€485 | -5.7% |
| Remuneration and social security | 454/9 | €2,892 | €3,135 | +€243 | +8.4% |
| Accrued charges and deferred income | 492/3 | €1,248 | €8,510 | +€7,262 | +582% |
| Remuneration, social security and pensions | 62 | €219,185 | €192,357 | -€26,827 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,708 | €1,995 | -€1,713 | -46.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,034 | -€9,914 | -€6,880 | -227% |
| Other operating charges | 640/8 | €1,425 | €2,245 | +€820 | +57.5% |
| Non-recurring operating charges | 66A | - | €14,679 | +€14,679 | |
| Gross operating margin | 9900 | €256,107 | €210,300 | -€45,807 | -17.9% |
| Operating profit (loss) | 9901 | €34,823 | €8,938 | -€25,885 | -74.3% |
| Financial income | 75/76B | €5,295 | €6,514 | +€1,219 | +23.0% |
| Recurring financial income | 75 | €5,295 | €6,514 | +€1,219 | +23.0% |
| Financial charges | 65/66B | €10,589 | €15,917 | +€5,328 | +50.3% |
| Recurring financial charges | 65 | €10,589 | €15,917 | +€5,328 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €29,529 | -€465 | -€29,994 | |
| Income taxes | 67/77 | €8,450 | -€485 | -€8,935 | |
| Profit (loss) for the period | 9904 | €21,080 | €20 | -€21,059 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,080 | €20 | -€21,059 | -99.9% |
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.