CLIMACO: 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.
CLIMACO
Largest movements
- Receivables within one year +€44,760
up €44,760 (+372.5%), from €12,015 to €56,775
of which Trade receivables: +€46,415
- Stocks and contracts -€10,207
down €10,207 (-95.7%), from €10,668 to €461
- Tangible fixed assets +€8,894
up €8,894 (+369.2%), from €2,409 to €11,303
of which Furniture and vehicles: +€9,500
- Cash +€6,679
up €6,679 (+84.6%), from €7,897 to €14,576
mainly Net result for the year (+€37,839) and Other debts (+€22,270)
- Other debts +€22,270
up €22,270 (+254.9%), from €8,738 to €31,008
- Reserves +€15,761
up €15,761 (+71.4%), from €22,078 to €37,839
- Tax, wage and social debts +€12,426
new in 2025: €12,426
- Gross operating margin +€51,527
up €51,527 (+1213.1%), from €4,248 to €55,775
- Taxes +€12,939
up €12,939 (+801.5%), from €1,614 to €14,553
- Financial income -€2,558
down €2,558 (-90.2%), from €2,836 to €278
- Depreciation +€1,061
up €1,061 (+67.5%), from €1,573 to €2,634
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 | €33,429 | €83,773 | +€50,344 | +150.6% |
| Fixed assets | 21/28 | €2,409 | €11,303 | +€8,894 | +369.2% |
| Tangible fixed assets | 22/27 | €2,409 | €11,303 | +€8,894 | +369.2% |
| Plant, machinery and equipment | 23 | €640 | €35 | -€605 | -94.6% |
| Furniture and vehicles | 24 | €1,769 | €11,268 | +€9,500 | +537.0% |
| Current assets | 29/58 | €31,020 | €72,469 | +€41,449 | +133.6% |
| Stocks and contracts in progress | 3 | €10,668 | €461 | -€10,207 | -95.7% |
| Stocks | 30/36 | €10,668 | €461 | -€10,207 | -95.7% |
| Amounts receivable within one year | 40/41 | €12,015 | €56,775 | +€44,760 | +372.5% |
| Trade receivables | 40 | €9,475 | €55,889 | +€46,415 | +489.9% |
| Other amounts receivable | 41 | €2,540 | €886 | -€1,655 | -65.1% |
| Cash at bank and in hand | 54/58 | €7,897 | €14,576 | +€6,679 | +84.6% |
| Deferred charges and accrued income | 490/1 | €440 | €658 | +€218 | +49.4% |
| Total equity and liabilities | 10/49 | €33,429 | €83,773 | +€50,344 | +150.6% |
| Equity | 10/15 | €24,578 | €40,339 | +€15,761 | +64.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €22,078 | €37,839 | +€15,761 | +71.4% |
| Distributable reserves | 133 | €22,078 | €37,839 | +€15,761 | +71.4% |
| Amounts payable | 17/49 | €8,851 | €43,434 | +€34,583 | +390.7% |
| Amounts payable within one year | 42/48 | €8,851 | €43,434 | +€34,583 | +390.7% |
| Trade debts | 44 | €113 | - | -€113 | |
| Suppliers | 440/4 | €113 | - | -€113 | |
| Taxes, remuneration and social security | 45 | - | €12,426 | +€12,426 | |
| Taxes | 450/3 | - | €12,426 | +€12,426 | |
| Other amounts payable | 47/48 | €8,738 | €31,008 | +€22,270 | +254.9% |
| Non-recurring operating income | 76A | €215 | - | -€215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,573 | €2,634 | +€1,061 | +67.5% |
| Other operating charges | 640/8 | €492 | €716 | +€224 | +45.6% |
| Gross operating margin | 9900 | €4,248 | €55,775 | +€51,527 | +1213.1% |
| Operating profit (loss) | 9901 | €2,184 | €52,426 | +€50,242 | +2300.9% |
| Financial income | 75/76B | €2,836 | €278 | -€2,558 | -90.2% |
| Recurring financial income | 75 | €2,836 | €278 | -€2,558 | -90.2% |
| Financial charges | 65/66B | €117 | €312 | +€194 | +166.0% |
| Recurring financial charges | 65 | €117 | €312 | +€194 | +166.0% |
| Profit (loss) for the period before taxes | 9903 | €4,903 | €52,392 | +€47,490 | +968.6% |
| Income taxes | 67/77 | €1,614 | €14,553 | +€12,939 | +801.5% |
| Profit (loss) for the period | 9904 | €3,289 | €37,839 | +€34,551 | +1050.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,289 | €37,839 | +€34,551 | +1050.6% |
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 30 September 2026 via checked.be.