Chauffage Demarche: what changed
Chauffage Demarche
Largest movements
- Intangible fixed assets -€15,000
down €15,000 (-11.1%), from €135,000 to €120,000
- Cash -€5,642
down €5,642 (-87.9%), from €6,416 to €774
mainly Other debts (-€30,220) and Trade debts (-€6,838)
- Tangible fixed assets -€3,796
down €3,796 (-40.9%), from €9,290 to €5,494
of which Plant, machinery and equipment: -€3,333
- Stocks and contracts -€3,000
down €3,000 (-17.6%), from €17,000 to €14,000
of which Contracts in progress: -€2,000
- Other debts -€30,220
down €30,220 (-83.3%), from €36,300 to €6,080
- Current portion of long-term debt +€7,517
up €7,517 (+33.2%), from €22,614 to €30,131
- Trade debts -€6,838
down €6,838 (-37.9%), from €18,051 to €11,213
- Debts after one year +€2,254
up €2,254 (+2.8%), from €81,569 to €83,822
- Gross operating margin -€6,947
down €6,947 (-18.6%), from €37,272 to €30,325
- Taxes -€3,664
down €3,664 (-91.6%), from €4,000 to €336
- Financial charges +€3,636
up €3,636 (+62.5%), from €5,818 to €9,454
- Other operating charges +€1,153
up €1,153 (+11,396%), from €10 to €1,163
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,984 | €149,937 | -€28,047 | -15.8% |
| Fixed assets | 21/28 | €144,290 | €125,494 | -€18,796 | -13.0% |
| Intangible fixed assets | 21 | €135,000 | €120,000 | -€15,000 | -11.1% |
| Tangible fixed assets | 22/27 | €9,290 | €5,494 | -€3,796 | -40.9% |
| Plant, machinery and equipment | 23 | €6,667 | €3,333 | -€3,333 | -50.0% |
| Furniture and vehicles | 24 | €2,623 | €2,160 | -€463 | -17.6% |
| Current assets | 29/58 | €33,694 | €24,443 | -€9,251 | -27.5% |
| Stocks and contracts in progress | 3 | €17,000 | €14,000 | -€3,000 | -17.6% |
| Stocks | 30/36 | €10,000 | €9,000 | -€1,000 | -10.0% |
| Contracts in progress | 37 | €7,000 | €5,000 | -€2,000 | -28.6% |
| Amounts receivable within one year | 40/41 | €9,487 | €7,976 | -€1,512 | -15.9% |
| Trade receivables | 40 | €1,235 | €5,582 | +€4,347 | +352% |
| Other amounts receivable | 41 | €8,252 | €2,393 | -€5,859 | -71.0% |
| Cash at bank and in hand | 54/58 | €6,416 | €774 | -€5,642 | -87.9% |
| Deferred charges and accrued income | 490/1 | €791 | €1,694 | +€903 | +114% |
| Total equity and liabilities | 10/49 | €177,984 | €149,937 | -€28,047 | -15.8% |
| Equity | 10/15 | €13,648 | €14,223 | +€575 | +4.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,648 | €9,223 | +€575 | +6.6% |
| Amounts payable | 17/49 | €164,337 | €135,714 | -€28,622 | -17.4% |
| Amounts payable after more than one year | 17 | €81,569 | €83,822 | +€2,254 | +2.8% |
| Financial debts | 170/4 | €81,569 | €83,822 | +€2,254 | +2.8% |
| Amounts payable within one year | 42/48 | €82,768 | €51,892 | -€30,876 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €22,614 | €30,131 | +€7,517 | +33.2% |
| Trade debts | 44 | €18,051 | €11,213 | -€6,838 | -37.9% |
| Suppliers | 440/4 | €18,051 | €11,213 | -€6,838 | -37.9% |
| Taxes, remuneration and social security | 45 | €5,802 | €4,468 | -€1,335 | -23.0% |
| Taxes | 450/3 | €4,001 | €4,468 | +€466 | +11.7% |
| Remuneration and social security | 454/9 | €1,801 | - | -€1,801 | |
| Other amounts payable | 47/48 | €36,300 | €6,080 | -€30,220 | -83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,796 | €18,796 | = | 0.0% |
| Other operating charges | 640/8 | €10 | €1,163 | +€1,153 | +11,396% |
| Gross operating margin | 9900 | €37,272 | €30,325 | -€6,947 | -18.6% |
| Operating profit (loss) | 9901 | €18,466 | €10,365 | -€8,101 | -43.9% |
| Financial charges | 65/66B | €5,818 | €9,454 | +€3,636 | +62.5% |
| Recurring financial charges | 65 | €5,818 | €9,454 | +€3,636 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €12,648 | €911 | -€11,737 | -92.8% |
| Income taxes | 67/77 | €4,000 | €336 | -€3,664 | -91.6% |
| Profit (loss) for the period | 9904 | €8,648 | €575 | -€8,072 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,648 | €575 | -€8,072 | -93.4% |
Next steps
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 2 November 2026 via checked.be.