CHAUFFAGE FREDERICK: what changed
Two fiscal 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 FREDERICK
Largest movements
- Receivables within one year +€284,438
up €284,438 (+50.2%), from €567,118 to €851,555
of which Trade receivables: +€243,812
- Cash -€190,186
down €190,186 (-17.6%), from €1.1m to €888,376
mainly Contributions, distributions and other (-€451,000) and Receivables within one year (-€284,438)
- Stocks and contracts -€58,444
down €58,444 (-25.2%), from €231,807 to €173,363
- Trade debts +€190,732
up €190,732 (+229.2%), from €83,212 to €273,944
- Other debts -€129,995
down €129,995 (-22.3%), from €582,995 to €453,000
- Tax, wage and social debts -€44,141
down €44,141 (-20.0%), from €220,272 to €176,131
of which Remuneration and social security: -€30,630
- Staff costs +€120,992
up €120,992 (+9.8%), from €1.2m to €1.4m
- Taxes -€38,244
down €38,244 (-19.0%), from €201,677 to €163,433
- Gross operating margin -€31,080
down €31,080 (-1.5%), from €2.1m to €2.1m
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.
Cash bridge derived
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 | €2,130,829 | €2,176,166 | +€45,337 | +2.1% |
| Fixed assets | 21/28 | €253,342 | €262,872 | +€9,530 | +3.8% |
| Tangible fixed assets | 22/27 | €253,268 | €262,798 | +€9,530 | +3.8% |
| Land and buildings | 22 | €53,136 | €53,136 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,505 | €14,723 | +€7,219 | +96.2% |
| Furniture and vehicles | 24 | €192,627 | €194,938 | +€2,311 | +1.2% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €1,877,487 | €1,913,294 | +€35,808 | +1.9% |
| Stocks and contracts in progress | 3 | €231,807 | €173,363 | -€58,444 | -25.2% |
| Stocks | 30/36 | €231,807 | €173,363 | -€58,444 | -25.2% |
| Amounts receivable within one year | 40/41 | €567,118 | €851,555 | +€284,438 | +50.2% |
| Trade receivables | 40 | €468,931 | €712,743 | +€243,812 | +52.0% |
| Other amounts receivable | 41 | €98,187 | €138,813 | +€40,625 | +41.4% |
| Cash at bank and in hand | 54/58 | €1,078,562 | €888,376 | -€190,186 | -17.6% |
| Total equity and liabilities | 10/49 | €2,130,829 | €2,176,166 | +€45,337 | +2.1% |
| Equity | 10/15 | €1,150,611 | €1,150,252 | -€360 | 0.0% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €305,870 | €305,509 | -€361 | -0.1% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,000 | €13,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,076 | €4,076 | = | 0.0% |
| Distributable reserves | 133 | €288,794 | €288,433 | -€361 | -0.1% |
| Profit (loss) carried forward | 14 | €714,742 | €714,742 | +€1 | 0.0% |
| Amounts payable | 17/49 | €980,218 | €1,025,915 | +€45,697 | +4.7% |
| Amounts payable after more than one year | 17 | €52,793 | €73,564 | +€20,771 | +39.3% |
| Financial debts | 170/4 | €52,793 | €73,564 | +€20,771 | +39.3% |
| Amounts payable within one year | 42/48 | €927,425 | €952,351 | +€24,926 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €40,945 | €49,276 | +€8,330 | +20.3% |
| Trade debts | 44 | €83,212 | €273,944 | +€190,732 | +229.2% |
| Suppliers | 440/4 | €83,212 | €273,944 | +€190,732 | +229.2% |
| Taxes, remuneration and social security | 45 | €220,272 | €176,131 | -€44,141 | -20.0% |
| Taxes | 450/3 | €98,924 | €85,413 | -€13,511 | -13.7% |
| Remuneration and social security | 454/9 | €121,348 | €90,719 | -€30,630 | -25.2% |
| Other amounts payable | 47/48 | €582,995 | €453,000 | -€129,995 | -22.3% |
| Remuneration, social security and pensions | 62 | €1,229,494 | €1,350,485 | +€120,992 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,958 | €78,726 | +€8,768 | +12.5% |
| Other operating charges | 640/8 | €8,992 | €18,311 | +€9,319 | +103.6% |
| Non-recurring operating charges | 66A | €4,000 | €12,000 | +€8,000 | +200.0% |
| Gross operating margin | 9900 | €2,102,338 | €2,071,258 | -€31,080 | -1.5% |
| Operating profit (loss) | 9901 | €789,894 | €611,736 | -€178,159 | -22.6% |
| Financial income | 75/76B | €472 | €11,022 | +€10,550 | +2233.1% |
| Recurring financial income | 75 | €472 | €11,022 | +€10,550 | +2233.1% |
| Financial charges | 65/66B | €8,009 | €8,685 | +€675 | +8.4% |
| Recurring financial charges | 65 | €8,009 | €8,685 | +€675 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €782,357 | €614,073 | -€168,284 | -21.5% |
| Income taxes | 67/77 | €201,677 | €163,433 | -€38,244 | -19.0% |
| Profit (loss) for the period | 9904 | €580,680 | €450,640 | -€130,040 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €580,680 | €450,640 | -€130,040 | -22.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.