CLIMACT: 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.
CLIMACT
Largest movements
- Cash +€427,405
up €427,405 (+115.1%), from €371,200 to €798,605
mainly Current portion of long-term debt (+€1.1m) and Trade debts (+€172,304)
- Intangible fixed assets +€73,892
new in 2025: €73,892
- Tangible fixed assets -€68,798
down €68,798 (-23.8%), from €289,009 to €220,211
of which Other tangible fixed assets: -€48,341
- Receivables within one year +€62,841
up €62,841 (+2.5%), from €2.5m to €2.6m
of which Trade receivables: +€51,003
- Current portion of long-term debt +€1.1m
up €1.1m (+459.5%), from €249,694 to €1.4m
- Reserves -€517,709
down €517,709 (-56.6%), from €915,355 to €397,646
of which Distributable reserves: -€517,709
- Trade debts +€172,304
up €172,304 (+20.6%), from €835,113 to €1.0m
- Tax, wage and social debts -€153,136
down €153,136 (-23.3%), from €658,504 to €505,368
of which Taxes: -€137,200
- Accrued charges and deferred income -€117,155
down €117,155 (-40.2%), from €291,589 to €174,434
- Gross operating margin -€492,669
down €492,669 (-15.0%), from €3.3m to €2.8m
- Staff costs +€268,020
up €268,020 (+9.4%), from €2.8m to €3.1m
- Taxes -€119,286
down €119,286, from €112,425 to -€6,861
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 | €3,441,111 | €3,920,785 | +€479,674 | +13.9% |
| Fixed assets | 21/28 | €375,789 | €362,283 | -€13,506 | -3.6% |
| Intangible fixed assets | 21 | - | €73,892 | +€73,892 | |
| Tangible fixed assets | 22/27 | €289,009 | €220,211 | -€68,798 | -23.8% |
| Furniture and vehicles | 24 | €43,259 | €22,802 | -€20,457 | -47.3% |
| Other tangible fixed assets | 26 | €245,750 | €197,409 | -€48,341 | -19.7% |
| Financial fixed assets | 28 | €86,780 | €68,180 | -€18,600 | -21.4% |
| Current assets | 29/58 | €3,065,322 | €3,558,502 | +€493,180 | +16.1% |
| Amounts receivable after more than one year | 29 | €37,197 | €37,197 | = | 0.0% |
| Trade receivables | 290 | €37,197 | €37,197 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,518,047 | €2,580,888 | +€62,841 | +2.5% |
| Trade receivables | 40 | €2,299,066 | €2,350,069 | +€51,003 | +2.2% |
| Other amounts receivable | 41 | €218,981 | €230,819 | +€11,838 | +5.4% |
| Cash at bank and in hand | 54/58 | €371,200 | €798,605 | +€427,405 | +115.1% |
| Deferred charges and accrued income | 490/1 | €138,878 | €141,812 | +€2,934 | +2.1% |
| Total equity and liabilities | 10/49 | €3,441,111 | €3,920,785 | +€479,674 | +13.9% |
| Equity | 10/15 | €1,154,971 | €637,262 | -€517,709 | -44.8% |
| Contributions | 10/11 | €239,616 | €239,616 | = | 0.0% |
| Capital | 10 | €239,616 | €239,616 | = | 0.0% |
| Issued capital | 100 | €239,616 | €239,616 | = | 0.0% |
| Reserves | 13 | €915,355 | €397,646 | -€517,709 | -56.6% |
| Non-distributable reserves | 130/1 | €23,962 | €23,962 | = | 0.0% |
| Legal reserve | 130 | €23,962 | €23,962 | = | 0.0% |
| Distributable reserves | 133 | €891,393 | €373,684 | -€517,709 | -58.1% |
| Amounts payable | 17/49 | €2,286,140 | €3,283,523 | +€997,383 | +43.6% |
| Amounts payable after more than one year | 17 | €250,464 | €198,395 | -€52,069 | -20.8% |
| Financial debts | 170/4 | €250,464 | €198,395 | -€52,069 | -20.8% |
| Amounts payable within one year | 42/48 | €1,744,087 | €2,910,694 | +€1.2m | +66.9% |
| Current portion of amounts payable after more than one year | 42 | €249,694 | €1,397,133 | +€1.1m | +459.5% |
| Trade debts | 44 | €835,113 | €1,007,417 | +€172,304 | +20.6% |
| Suppliers | 440/4 | €835,113 | €1,007,417 | +€172,304 | +20.6% |
| Taxes, remuneration and social security | 45 | €658,504 | €505,368 | -€153,136 | -23.3% |
| Taxes | 450/3 | €431,697 | €294,497 | -€137,200 | -31.8% |
| Remuneration and social security | 454/9 | €226,807 | €210,871 | -€15,936 | -7.0% |
| Other amounts payable | 47/48 | €776 | €776 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €291,589 | €174,434 | -€117,155 | -40.2% |
| Non-recurring operating income | 76A | €64,588 | - | -€64,588 | |
| Remuneration, social security and pensions | 62 | €2,849,008 | €3,117,028 | +€268,020 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,091 | €111,978 | +€30,887 | +38.1% |
| Other operating charges | 640/8 | €2,968 | €27,210 | +€24,242 | +816.8% |
| Non-recurring operating charges | 66A | €156 | - | -€156 | |
| Gross operating margin | 9900 | €3,291,357 | €2,798,688 | -€492,669 | -15.0% |
| Operating profit (loss) | 9901 | €358,134 | -€457,528 | -€815,662 | |
| Financial income | 75/76B | €3,192 | €21,987 | +€18,795 | +588.8% |
| Recurring financial income | 75 | €3,192 | €21,987 | +€18,795 | +588.8% |
| Financial charges | 65/66B | €56,577 | €89,029 | +€32,452 | +57.4% |
| Recurring financial charges | 65 | €56,577 | €89,029 | +€32,452 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | €304,749 | -€524,570 | -€829,319 | |
| Income taxes | 67/77 | €112,425 | -€6,861 | -€119,286 | |
| Profit (loss) for the period | 9904 | €192,324 | -€517,709 | -€710,033 | |
| Profit (loss) for the period to be appropriated | 9905 | €192,324 | -€517,709 | -€710,033 |
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 3 October 2026 via checked.be.