Chauffage Distribution: 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.
Chauffage Distribution
Largest movements
- Stocks and contracts +€66,064
up €66,064 (+12.8%), from €514,249 to €580,313
of which Contracts in progress: +€97,874
- Cash -€17,825
down €17,825 (-32.7%), from €54,521 to €36,697
mainly Stocks and contracts (-€66,064) and Trade debts (-€26,306)
- Receivables within one year -€16,018
down €16,018 (-21.3%), from €75,334 to €59,316
of which Trade receivables: -€19,049
- Tangible fixed assets -€12,009
down €12,009 (-9.3%), from €128,613 to €116,603
of which Land and buildings: -€9,697
- Other debts +€40,000
up €40,000 (+19.9%), from €200,761 to €240,761
- Trade debts -€26,306
down €26,306 (-56.4%), from €46,632 to €20,326
- Reserves +€25,000
up €25,000 (+14.9%), from €167,860 to €192,860
of which Distributable reserves: +€25,000
- Debts after one year -€20,393
down €20,393 (-22.6%), from €90,386 to €69,993
- Staff costs -€45,688
down €45,688 (-71.6%), from €63,802 to €18,114
- Gross operating margin -€43,816
down €43,816 (-34.9%), from €125,385 to €81,569
- Depreciation -€3,763
down €3,763 (-23.9%), from €15,772 to €12,009
- Financial charges -€2,274
down €2,274 (-31.0%), from €7,331 to €5,058
- Taxes +€2,191
up €2,191 (+18.5%), from €11,813 to €14,004
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €773,348 | €793,560 | +€20,212 | +2.6% |
| Fixed assets | 21/28 | €129,243 | €117,233 | -€12,009 | -9.3% |
| Tangible fixed assets | 22/27 | €128,613 | €116,603 | -€12,009 | -9.3% |
| Land and buildings | 22 | €125,241 | €115,545 | -€9,697 | -7.7% |
| Plant, machinery and equipment | 23 | €2,617 | €800 | -€1,817 | -69.4% |
| Furniture and vehicles | 24 | €754 | €259 | -€495 | -65.6% |
| Financial fixed assets | 28 | €630 | €630 | = | 0.0% |
| Current assets | 29/58 | €644,105 | €676,326 | +€32,221 | +5.0% |
| Stocks and contracts in progress | 3 | €514,249 | €580,313 | +€66,064 | +12.8% |
| Stocks | 30/36 | €117,118 | €85,307 | -€31,810 | -27.2% |
| Contracts in progress | 37 | €397,132 | €495,006 | +€97,874 | +24.6% |
| Amounts receivable within one year | 40/41 | €75,334 | €59,316 | -€16,018 | -21.3% |
| Trade receivables | 40 | €61,362 | €42,313 | -€19,049 | -31.0% |
| Other amounts receivable | 41 | €13,972 | €17,003 | +€3,031 | +21.7% |
| Cash at bank and in hand | 54/58 | €54,521 | €36,697 | -€17,825 | -32.7% |
| Total equity and liabilities | 10/49 | €773,348 | €793,560 | +€20,212 | +2.6% |
| Equity | 10/15 | €389,510 | €418,293 | +€28,783 | +7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €167,860 | €192,860 | +€25,000 | +14.9% |
| 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 | €166,000 | €191,000 | +€25,000 | +15.1% |
| Profit (loss) carried forward | 14 | €215,450 | €219,233 | +€3,783 | +1.8% |
| Amounts payable | 17/49 | €383,838 | €375,267 | -€8,571 | -2.2% |
| Amounts payable after more than one year | 17 | €90,386 | €69,993 | -€20,393 | -22.6% |
| Financial debts | 170/4 | €90,386 | €69,993 | -€20,393 | -22.6% |
| Amounts payable within one year | 42/48 | €293,452 | €305,274 | +€11,822 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €29,083 | €24,839 | -€4,244 | -14.6% |
| Trade debts | 44 | €46,632 | €20,326 | -€26,306 | -56.4% |
| Suppliers | 440/4 | €46,632 | €20,326 | -€26,306 | -56.4% |
| Advances received on contracts in progress | 46 | - | €4,661 | +€4,661 | |
| Taxes, remuneration and social security | 45 | €16,976 | €14,687 | -€2,290 | -13.5% |
| Taxes | 450/3 | €8,796 | €4,868 | -€3,928 | -44.7% |
| Remuneration and social security | 454/9 | €8,181 | €9,819 | +€1,638 | +20.0% |
| Other amounts payable | 47/48 | €200,761 | €240,761 | +€40,000 | +19.9% |
| Remuneration, social security and pensions | 62 | €63,802 | €18,114 | -€45,688 | -71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,772 | €12,009 | -€3,763 | -23.9% |
| Other operating charges | 640/8 | €3,318 | €3,618 | +€300 | +9.0% |
| Gross operating margin | 9900 | €125,385 | €81,569 | -€43,816 | -34.9% |
| Operating profit (loss) | 9901 | €42,493 | €47,827 | +€5,334 | +12.6% |
| Financial income | 75/76B | €245 | €17 | -€228 | -93.0% |
| Recurring financial income | 75 | €245 | €17 | -€228 | -93.0% |
| Financial charges | 65/66B | €7,331 | €5,058 | -€2,274 | -31.0% |
| Recurring financial charges | 65 | €7,331 | €5,058 | -€2,274 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €35,406 | €42,787 | +€7,380 | +20.8% |
| Income taxes | 67/77 | €11,813 | €14,004 | +€2,191 | +18.5% |
| Profit (loss) for the period | 9904 | €23,593 | €28,783 | +€5,190 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,593 | €28,783 | +€5,190 | +22.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.