CHAUFFAGE COUWEZ: what changed
What changed
CHAUFFAGE COUWEZ
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€20,171
2024 · €9,578+€10,594
Equity
€45,203
2024 · €25,032+€20,171
Cash
€46,251
2024 · €43,789+€2,463
Balance sheet total
€128,866
2024 · €101,642+€27,225
Largest movements
Assets
- Tangible fixed assets +€28,867
up €28,867 (+117%), from €24,693 to €53,559
of which Furniture and vehicles: +€30,331
- Stocks and contracts -€2,682
down €2,682 (-14.7%), from €18,272 to €15,590
- Cash +€2,463
up €2,463 (+5.6%), from €43,789 to €46,251
mainly Net result for the year (+€20,171) and Depreciation (+€8,262)
- Receivables within one year -€1,777
down €1,777 (-14.7%), from €12,080 to €10,303
of which Trade receivables: -€3,229
Equity and liabilities
- Profit (loss) carried forward +€20,171
up €20,171, from -€10,528 to €9,643
- Debts after one year +€7,814
up €7,814 (+268%), from €2,919 to €10,733
- Other debts -€2,670
down €2,670 (-4.6%), from €58,625 to €55,955
- Current portion of long-term debt +€1,971
up €1,971 (+51.7%), from €3,814 to €5,785
Income statement
- Gross operating margin +€15,359
up €15,359 (+102%), from €15,122 to €30,481
- Depreciation +€3,273
up €3,273 (+65.6%), from €4,989 to €8,262
- Taxes +€2,279
up €2,279 (+1,633%), from €140 to €2,418
- Financial income +€981
up €981 (+106%), from €929 to €1,910
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
€9,578
Gross operating margin
+€15,359
Depreciation
-€3,273
Other operating charges
-€206
Financial income
+€981
Financial charges
+€12
Taxes
-€2,279
Result 2025
€20,171
raises the resultlowers the result
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
+€29,781
Investment
-€37,103
Financing
+€9,785
Cash 2024
€43,789
From operations (derived)
+€29,781
Net result for the year
+€20,171
Depreciation
+€8,262
Stocks and contracts
+€2,682
Receivables within one year
+€1,777
Deferred charges and accrued income
-€381
Trade debts
-€352
Tax, wage and social debts
+€290
Other debts
-€2,670
Investment (derived)
-€37,103
Investment in fixed assets (net)
-€37,129
Current investments
+€26
Financing
+€9,785
Debts after one year
+€7,814
Current portion of long-term debt
+€1,971
Cash 2025
€46,251
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,642 | €128,866 | +€27,225 | +26.8% |
| Fixed assets | 21/28 | €24,743 | €53,609 | +€28,867 | +117% |
| Tangible fixed assets | 22/27 | €24,693 | €53,559 | +€28,867 | +117% |
| Plant, machinery and equipment | 23 | €11,746 | €10,281 | -€1,465 | -12.5% |
| Furniture and vehicles | 24 | €12,946 | €43,278 | +€30,331 | +234% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €76,899 | €75,257 | -€1,642 | -2.1% |
| Stocks and contracts in progress | 3 | €18,272 | €15,590 | -€2,682 | -14.7% |
| Stocks | 30/36 | €18,272 | €15,590 | -€2,682 | -14.7% |
| Amounts receivable within one year | 40/41 | €12,080 | €10,303 | -€1,777 | -14.7% |
| Trade receivables | 40 | €8,539 | €5,310 | -€3,229 | -37.8% |
| Other amounts receivable | 41 | €3,541 | €4,992 | +€1,452 | +41.0% |
| Current investments | 50/53 | €122 | €96 | -€26 | -21.4% |
| Cash at bank and in hand | 54/58 | €43,789 | €46,251 | +€2,463 | +5.6% |
| Deferred charges and accrued income | 490/1 | €2,637 | €3,017 | +€381 | +14.4% |
| Total equity and liabilities | 10/49 | €101,642 | €128,866 | +€27,225 | +26.8% |
| Equity | 10/15 | €25,032 | €45,203 | +€20,171 | +80.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,360 | €29,360 | = | 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% |
| Tax-exempt reserves | 132 | €27,500 | €27,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,528 | €9,643 | +€20,171 | |
| Amounts payable | 17/49 | €76,610 | €83,663 | +€7,053 | +9.2% |
| Amounts payable after more than one year | 17 | €2,919 | €10,733 | +€7,814 | +268% |
| Financial debts | 170/4 | €2,919 | €10,733 | +€7,814 | +268% |
| Amounts payable within one year | 42/48 | €73,691 | €72,930 | -€761 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €3,814 | €5,785 | +€1,971 | +51.7% |
| Trade debts | 44 | €8,985 | €8,633 | -€352 | -3.9% |
| Suppliers | 440/4 | €8,985 | €8,633 | -€352 | -3.9% |
| Taxes, remuneration and social security | 45 | €2,267 | €2,558 | +€290 | +12.8% |
| Taxes | 450/3 | €2,267 | €2,558 | +€290 | +12.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €58,625 | €55,955 | -€2,670 | -4.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,989 | €8,262 | +€3,273 | +65.6% |
| Other operating charges | 640/8 | €621 | €827 | +€206 | +33.1% |
| Gross operating margin | 9900 | €15,122 | €30,481 | +€15,359 | +102% |
| Operating profit (loss) | 9901 | €9,512 | €21,391 | +€11,880 | +125% |
| Financial income | 75/76B | €929 | €1,910 | +€981 | +106% |
| Recurring financial income | 75 | €929 | €1,910 | +€981 | +106% |
| Financial charges | 65/66B | €723 | €712 | -€12 | -1.6% |
| Recurring financial charges | 65 | €723 | €712 | -€12 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €9,717 | €22,590 | +€12,872 | +132% |
| Income taxes | 67/77 | €140 | €2,418 | +€2,279 | +1,633% |
| Profit (loss) for the period | 9904 | €9,578 | €20,171 | +€10,594 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €9,578 | €20,171 | +€10,594 | +111% |
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 5 November 2026 via checked.be.