CHAUFFAGE PINON: what changed
What changed
CHAUFFAGE PINON
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€52,532
2024 · €41,352+€11,180
Equity
€97,082
2024 · €44,550+€52,532
Cash
€31,244
2024 · €33,942-€2,697
Balance sheet total
€278,632
2024 · €257,039+€21,594
Largest movements
Assets
- Receivables within one year +€57,092
up €57,092 (+52.9%), from €107,910 to €165,003
of which Trade receivables: +€49,724
- Deferred charges and accrued income -€19,944
down €19,944 (-64.5%), from €30,940 to €10,997
- Tangible fixed assets -€8,857
down €8,857 (-29.6%), from €29,874 to €21,017
of which Furniture and vehicles: -€9,997
- Intangible fixed assets -€6,000
down €6,000 (-14.6%), from €41,001 to €35,001
Equity and liabilities
- Reserves +€52,500
up €52,500 (+152%), from €34,500 to €87,000
- Trade debts +€35,390
up €35,390 (+63.7%), from €55,591 to €90,981
- Tax, wage and social debts -€35,205
down €35,205 (-54.8%), from €64,210 to €29,005
of which Taxes: -€41,800
- Other debts -€25,283
down €25,283 (-71.7%), from €35,283 to €10,000
- Debts after one year -€12,273
down €12,273 (-45.0%), from €27,285 to €15,012
Income statement
- Gross operating margin +€99,799
up €99,799 (+45.1%), from €221,171 to €320,969
- Staff costs +€74,528
up €74,528 (+50.8%), from €146,595 to €221,123
- Depreciation +€6,541
up €6,541 (+44.0%), from €14,868 to €21,409
- Taxes +€6,510
up €6,510 (+72.0%), from €9,041 to €15,551
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
€41,352
Gross operating margin
+€99,799
Staff costs
-€74,528
Depreciation
-€6,541
Other operating charges
-€264
Other operating items
-€2,749
Financial income
-€251
Financial charges
+€2,223
Taxes
-€6,510
Result 2025
€52,532
raises the resultlowers the resultnot broken down further in the accounts
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
+€16,352
Investment
-€6,552
Financing
-€12,497
Cash 2024
€33,942
From operations (derived)
+€16,352
Net result for the year
+€52,532
Depreciation
+€21,409
Stocks and contracts
-€2,000
Receivables within one year
-€57,092
Deferred charges and accrued income
+€19,944
Trade debts
+€35,390
Tax, wage and social debts
-€35,205
Advances received
+€7,873
Other debts
-€25,283
Accrued charges and deferred income
-€1,214
Investment (derived)
-€6,552
Investment in fixed assets (net)
-€6,552
Financing
-€12,497
Debts after one year
-€12,273
Current portion of long-term debt
-€224
Cash 2025
€31,244
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €257,039 | €278,632 | +€21,594 | +8.4% |
| Fixed assets | 21/28 | €71,746 | €56,889 | -€14,857 | -20.7% |
| Intangible fixed assets | 21 | €41,001 | €35,001 | -€6,000 | -14.6% |
| Tangible fixed assets | 22/27 | €29,874 | €21,017 | -€8,857 | -29.6% |
| Furniture and vehicles | 24 | €29,874 | €19,877 | -€9,997 | -33.5% |
| Other tangible fixed assets | 26 | - | €1,139 | +€1,139 | |
| Financial fixed assets | 28 | €871 | €871 | = | 0.0% |
| Current assets | 29/58 | €185,292 | €221,744 | +€36,451 | +19.7% |
| Stocks and contracts in progress | 3 | €12,500 | €14,500 | +€2,000 | +16.0% |
| Stocks | 30/36 | €12,500 | €14,500 | +€2,000 | +16.0% |
| Amounts receivable within one year | 40/41 | €107,910 | €165,003 | +€57,092 | +52.9% |
| Trade receivables | 40 | €87,844 | €137,568 | +€49,724 | +56.6% |
| Other amounts receivable | 41 | €20,066 | €27,435 | +€7,368 | +36.7% |
| Cash at bank and in hand | 54/58 | €33,942 | €31,244 | -€2,697 | -7.9% |
| Deferred charges and accrued income | 490/1 | €30,940 | €10,997 | -€19,944 | -64.5% |
| Total equity and liabilities | 10/49 | €257,039 | €278,632 | +€21,594 | +8.4% |
| Equity | 10/15 | €44,550 | €97,082 | +€52,532 | +118% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €34,500 | €87,000 | +€52,500 | +152% |
| Distributable reserves | 133 | €34,500 | €87,000 | +€52,500 | +152% |
| Profit (loss) carried forward | 14 | €50 | €82 | +€32 | +64.0% |
| Amounts payable | 17/49 | €212,489 | €181,551 | -€30,938 | -14.6% |
| Amounts payable after more than one year | 17 | €27,285 | €15,012 | -€12,273 | -45.0% |
| Financial debts | 170/4 | €27,285 | €15,012 | -€12,273 | -45.0% |
| Amounts payable within one year | 42/48 | €177,582 | €160,132 | -€17,451 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €22,497 | €22,273 | -€224 | -1.0% |
| Trade debts | 44 | €55,591 | €90,981 | +€35,390 | +63.7% |
| Suppliers | 440/4 | €55,591 | €90,981 | +€35,390 | +63.7% |
| Advances received on contracts in progress | 46 | - | €7,873 | +€7,873 | |
| Taxes, remuneration and social security | 45 | €64,210 | €29,005 | -€35,205 | -54.8% |
| Taxes | 450/3 | €55,156 | €13,356 | -€41,800 | -75.8% |
| Remuneration and social security | 454/9 | €9,054 | €15,649 | +€6,595 | +72.8% |
| Other amounts payable | 47/48 | €35,283 | €10,000 | -€25,283 | -71.7% |
| Accrued charges and deferred income | 492/3 | €7,621 | €6,407 | -€1,214 | -15.9% |
| Non-recurring operating income | 76A | €807 | €10,064 | +€9,257 | +1,147% |
| Remuneration, social security and pensions | 62 | €146,595 | €221,123 | +€74,528 | +50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,868 | €21,409 | +€6,541 | +44.0% |
| Other operating charges | 640/8 | €1,392 | €1,656 | +€264 | +19.0% |
| Non-recurring operating charges | 66A | €30 | €2,779 | +€2,749 | +9,164% |
| Gross operating margin | 9900 | €221,171 | €320,969 | +€99,799 | +45.1% |
| Operating profit (loss) | 9901 | €58,286 | €74,002 | +€15,717 | +27.0% |
| Financial income | 75/76B | €413 | €162 | -€251 | -60.7% |
| Recurring financial income | 75 | €413 | €162 | -€251 | -60.7% |
| Financial charges | 65/66B | €8,305 | €6,082 | -€2,223 | -26.8% |
| Recurring financial charges | 65 | €8,305 | €6,082 | -€2,223 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €50,393 | €68,083 | +€17,689 | +35.1% |
| Income taxes | 67/77 | €9,041 | €15,551 | +€6,510 | +72.0% |
| Profit (loss) for the period | 9904 | €41,352 | €52,532 | +€11,180 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,352 | €52,532 | +€11,180 | +27.0% |
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.