CHAUFFAGE MASTER: 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 MASTER
Largest movements
- Receivables within one year -€16,034
down €16,034 (-67.1%), from €23,890 to €7,856
of which Trade receivables: -€11,169
- Cash -€4,010
down €4,010 (-33.0%), from €12,154 to €8,144
mainly Trade debts (-€19,136) and Accrued charges and deferred income (-€4,750)
- Intangible fixed assets -€1,968
no longer reported in 2025 (was €1,968)
- Stocks and contracts +€460
up €460 (+100%), from €460 to €920
- Trade debts -€19,136
down €19,136 (-71.7%), from €26,684 to €7,548
- Accrued charges and deferred income -€4,750
no longer reported in 2025 (was €4,750)
- Tax, wage and social debts +€4,189
up €4,189 (+150%), from €2,786 to €6,975
- Other debts -€1,853
no longer reported in 2025 (was €1,853)
- Gross operating margin -€15,260
down €15,260 (-58.1%), from €26,266 to €11,006
- Depreciation -€6,186
no longer reported in 2025 (was €6,186)
- Staff costs -€5,417
down €5,417 (-46.2%), from €11,713 to €6,296
- Other operating charges +€2,227
up €2,227 (+121%), from €1,842 to €4,069
- Write-downs -€1,590
no longer reported in 2025 (was €1,590)
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 | €44,990 | €23,620 | -€21,370 | -47.5% |
| Fixed assets | 21/28 | €8,486 | €6,700 | -€1,786 | -21.0% |
| Intangible fixed assets | 21 | €1,968 | - | -€1,968 | |
| Tangible fixed assets | 22/27 | €6,235 | €6,417 | +€182 | +2.9% |
| Plant, machinery and equipment | 23 | €185 | - | -€185 | |
| Furniture and vehicles | 24 | €6,050 | €6,417 | +€367 | +6.1% |
| Financial fixed assets | 28 | €283 | €283 | = | 0.0% |
| Current assets | 29/58 | €36,504 | €16,920 | -€19,584 | -53.6% |
| Stocks and contracts in progress | 3 | €460 | €920 | +€460 | +100% |
| Stocks | 30/36 | €460 | €920 | +€460 | +100% |
| Amounts receivable within one year | 40/41 | €23,890 | €7,856 | -€16,034 | -67.1% |
| Trade receivables | 40 | €15,873 | €4,704 | -€11,169 | -70.4% |
| Other amounts receivable | 41 | €8,017 | €3,152 | -€4,865 | -60.7% |
| Cash at bank and in hand | 54/58 | €12,154 | €8,144 | -€4,010 | -33.0% |
| Total equity and liabilities | 10/49 | €44,990 | €23,620 | -€21,370 | -47.5% |
| Equity | 10/15 | €7,878 | €7,968 | +€90 | +1.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,378 | €5,468 | +€90 | +1.7% |
| Amounts payable | 17/49 | €37,112 | €15,652 | -€21,460 | -57.8% |
| Amounts payable within one year | 42/48 | €32,362 | €15,652 | -€16,710 | -51.6% |
| Trade debts | 44 | €26,684 | €7,548 | -€19,136 | -71.7% |
| Suppliers | 440/4 | €26,684 | €7,548 | -€19,136 | -71.7% |
| Advances received on contracts in progress | 46 | €1,039 | €1,129 | +€90 | +8.7% |
| Taxes, remuneration and social security | 45 | €2,786 | €6,975 | +€4,189 | +150% |
| Taxes | 450/3 | €2,786 | €6,975 | +€4,189 | +150% |
| Other amounts payable | 47/48 | €1,853 | - | -€1,853 | |
| Accrued charges and deferred income | 492/3 | €4,750 | - | -€4,750 | |
| Remuneration, social security and pensions | 62 | €11,713 | €6,296 | -€5,417 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,186 | - | -€6,186 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,590 | - | -€1,590 | |
| Other operating charges | 640/8 | €1,842 | €4,069 | +€2,227 | +121% |
| Gross operating margin | 9900 | €26,266 | €11,006 | -€15,260 | -58.1% |
| Operating profit (loss) | 9901 | €4,935 | €641 | -€4,294 | -87.0% |
| Financial income | 75/76B | €282 | €564 | +€282 | +100% |
| Recurring financial income | 75 | €282 | €564 | +€282 | +100% |
| Financial charges | 65/66B | €459 | €327 | -€132 | -28.8% |
| Recurring financial charges | 65 | €459 | €327 | -€132 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €4,758 | €878 | -€3,880 | -81.5% |
| Income taxes | 67/77 | €1,243 | €788 | -€455 | -36.6% |
| Profit (loss) for the period | 9904 | €3,515 | €90 | -€3,425 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,515 | €90 | -€3,425 | -97.4% |
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 19 October 2026 via checked.be.