CHAUD & FROID: 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.
CHAUD & FROID
Largest movements
- Receivables within one year +€42,812
up €42,812 (+5.0%), from €855,708 to €898,520
of which Other amounts receivable: +€144,250
- Deferred charges and accrued income +€28,050
up €28,050 (+54.1%), from €51,841 to €79,891
- Stocks and contracts +€12,366
up €12,366 (+53.9%), from €22,952 to €35,318
- Reserves +€78,000
up €78,000 (+18.0%), from €434,360 to €512,360
of which Distributable reserves: +€78,000
- Short-term financial debts +€41,354
up €41,354 (+133%), from €31,130 to €72,484
- Tax, wage and social debts -€35,418
down €35,418 (-32.4%), from €109,274 to €73,856
of which Taxes: -€32,455
- Gross operating margin -€65,601
down €65,601 (-18.5%), from €354,601 to €289,000
- Financial charges -€24,684
down €24,684 (-72.9%), from €33,882 to €9,198
- Taxes -€18,105
down €18,105 (-31.4%), from €57,583 to €39,477
- Other operating charges +€16,630
up €16,630 (+273%), from €6,103 to €22,733
- Staff costs -€5,032
down €5,032 (-3.8%), from €133,675 to €128,643
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 | €967,613 | €1,042,631 | +€75,018 | +7.8% |
| Fixed assets | 21/28 | €30,714 | €28,733 | -€1,982 | -6.5% |
| Tangible fixed assets | 22/27 | €29,164 | €27,183 | -€1,982 | -6.8% |
| Plant, machinery and equipment | 23 | €7,814 | €19,959 | +€12,145 | +155% |
| Furniture and vehicles | 24 | €14,941 | €5,884 | -€9,057 | -60.6% |
| Other tangible fixed assets | 26 | €6,409 | €1,339 | -€5,070 | -79.1% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €936,898 | €1,013,898 | +€77,000 | +8.2% |
| Stocks and contracts in progress | 3 | €22,952 | €35,318 | +€12,366 | +53.9% |
| Stocks | 30/36 | €22,952 | €35,318 | +€12,366 | +53.9% |
| Amounts receivable within one year | 40/41 | €855,708 | €898,520 | +€42,812 | +5.0% |
| Trade receivables | 40 | €184,131 | €82,692 | -€101,439 | -55.1% |
| Other amounts receivable | 41 | €671,578 | €815,828 | +€144,250 | +21.5% |
| Cash at bank and in hand | 54/58 | €6,398 | €170 | -€6,228 | -97.3% |
| Deferred charges and accrued income | 490/1 | €51,841 | €79,891 | +€28,050 | +54.1% |
| Total equity and liabilities | 10/49 | €967,613 | €1,042,631 | +€75,018 | +7.8% |
| Equity | 10/15 | €713,603 | €791,668 | +€78,065 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €434,360 | €512,360 | +€78,000 | +18.0% |
| 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 | €432,500 | €510,500 | +€78,000 | +18.0% |
| Profit (loss) carried forward | 14 | €260,643 | €260,708 | +€65 | 0.0% |
| Amounts payable | 17/49 | €254,010 | €250,963 | -€3,047 | -1.2% |
| Amounts payable within one year | 42/48 | €254,010 | €250,963 | -€3,047 | -1.2% |
| Financial debts | 43 | €31,130 | €72,484 | +€41,354 | +133% |
| Credit institutions | 430/8 | €31,130 | €72,484 | +€41,354 | +133% |
| Trade debts | 44 | €113,606 | €104,623 | -€8,983 | -7.9% |
| Suppliers | 440/4 | €113,606 | €104,623 | -€8,983 | -7.9% |
| Taxes, remuneration and social security | 45 | €109,274 | €73,856 | -€35,418 | -32.4% |
| Taxes | 450/3 | €100,214 | €67,758 | -€32,455 | -32.4% |
| Remuneration and social security | 454/9 | €9,060 | €6,098 | -€2,963 | -32.7% |
| Remuneration, social security and pensions | 62 | €133,675 | €128,643 | -€5,032 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,292 | €18,603 | -€1,689 | -8.3% |
| Other operating charges | 640/8 | €6,103 | €22,733 | +€16,630 | +273% |
| Gross operating margin | 9900 | €354,601 | €289,000 | -€65,601 | -18.5% |
| Operating profit (loss) | 9901 | €194,532 | €119,021 | -€75,511 | -38.8% |
| Financial income | 75/76B | €7,181 | €7,719 | +€539 | +7.5% |
| Recurring financial income | 75 | €7,181 | €7,719 | +€539 | +7.5% |
| Financial charges | 65/66B | €33,882 | €9,198 | -€24,684 | -72.9% |
| Recurring financial charges | 65 | €33,882 | €9,198 | -€24,684 | -72.9% |
| Profit (loss) for the period before taxes | 9903 | €167,830 | €117,543 | -€50,288 | -30.0% |
| Income taxes | 67/77 | €57,583 | €39,477 | -€18,105 | -31.4% |
| Profit (loss) for the period | 9904 | €110,248 | €78,065 | -€32,182 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €110,248 | €78,065 | -€32,182 | -29.2% |
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 29 October 2026 via checked.be.