CLIMAFROID: 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.
CLIMAFROID
Largest movements
- Tangible fixed assets +€148,381
up €148,381 (+116%), from €127,832 to €276,213
of which Furniture and vehicles: +€112,609
- Receivables within one year -€38,551
down €38,551 (-19.7%), from €195,775 to €157,224
of which Trade receivables: -€23,732
- Stocks and contracts +€16,947
up €16,947 (+4.5%), from €375,145 to €392,092
- Trade debts +€173,365
up €173,365 (+108%), from €160,826 to €334,192
- Short-term financial debts -€32,474
down €32,474 (-23.6%), from €137,474 to €105,000
- Profit (loss) carried forward -€29,651
new in 2025: -€29,651
- Tax, wage and social debts +€26,030
up €26,030 (+155%), from €16,834 to €42,864
of which Remuneration and social security: +€13,822
- Purchases and services -€1.2m
no longer reported in 2025 (was €1.2m)
- Gross operating margin -€91,790
down €91,790 (-15.4%), from €594,315 to €502,525
- Depreciation -€19,698
down €19,698 (-64.8%), from €30,420 to €10,722
- Staff costs -€10,209
down €10,209 (-2.0%), from €505,272 to €495,063
- Financial charges -€6,889
down €6,889 (-33.8%), from €20,371 to €13,482
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 | €806,596 | €930,772 | +€124,176 | +15.4% |
| Fixed assets | 21/28 | €128,132 | €276,513 | +€148,381 | +116% |
| Tangible fixed assets | 22/27 | €127,832 | €276,213 | +€148,381 | +116% |
| Land and buildings | 22 | €181 | - | -€181 | |
| Plant, machinery and equipment | 23 | €56,081 | €54,857 | -€1,224 | -2.2% |
| Furniture and vehicles | 24 | €71,571 | €184,180 | +€112,609 | +157% |
| Other tangible fixed assets | 26 | - | €37,176 | +€37,176 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €678,464 | €654,259 | -€24,205 | -3.6% |
| Stocks and contracts in progress | 3 | €375,145 | €392,092 | +€16,947 | +4.5% |
| Stocks | 30/36 | €375,145 | €392,092 | +€16,947 | +4.5% |
| Amounts receivable within one year | 40/41 | €195,775 | €157,224 | -€38,551 | -19.7% |
| Trade receivables | 40 | €168,226 | €144,494 | -€23,732 | -14.1% |
| Other amounts receivable | 41 | €27,548 | €12,730 | -€14,819 | -53.8% |
| Cash at bank and in hand | 54/58 | €90,112 | €91,435 | +€1,323 | +1.5% |
| Deferred charges and accrued income | 490/1 | €17,433 | €13,508 | -€3,924 | -22.5% |
| Total equity and liabilities | 10/49 | €806,596 | €930,772 | +€124,176 | +15.4% |
| Equity | 10/15 | €462,848 | €433,197 | -€29,651 | -6.4% |
| Contributions | 10/11 | €61,895 | €61,895 | = | 0.0% |
| Capital | 10 | €61,895 | €61,895 | = | 0.0% |
| Issued capital | 100 | €61,895 | €61,895 | = | 0.0% |
| Revaluation surpluses | 12 | €97,975 | €97,975 | = | 0.0% |
| Reserves | 13 | €302,978 | €302,978 | = | 0.0% |
| Distributable reserves | 133 | €302,978 | €302,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€29,651 | -€29,651 | |
| Amounts payable | 17/49 | €343,747 | €497,575 | +€153,827 | +44.8% |
| Amounts payable after more than one year | 17 | €7,185 | - | -€7,185 | |
| Financial debts | 170/4 | €7,185 | - | -€7,185 | |
| Amounts payable within one year | 42/48 | €336,562 | €497,511 | +€160,949 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €21,428 | €15,456 | -€5,973 | -27.9% |
| Financial debts | 43 | €137,474 | €105,000 | -€32,474 | -23.6% |
| Credit institutions | 430/8 | €137,474 | €105,000 | -€32,474 | -23.6% |
| Trade debts | 44 | €160,826 | €334,192 | +€173,365 | +108% |
| Suppliers | 440/4 | €160,826 | €334,192 | +€173,365 | +108% |
| Taxes, remuneration and social security | 45 | €16,834 | €42,864 | +€26,030 | +155% |
| Taxes | 450/3 | - | €12,208 | +€12,208 | |
| Remuneration and social security | 454/9 | €16,834 | €30,656 | +€13,822 | +82.1% |
| Accrued charges and deferred income | 492/3 | - | €64 | +€64 | |
| Non-recurring operating income | 76A | - | €2,484 | +€2,484 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,223,438 | - | -€1.2m | |
| Remuneration, social security and pensions | 62 | €505,272 | €495,063 | -€10,209 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,420 | €10,722 | -€19,698 | -64.8% |
| Other operating charges | 640/8 | €3,129 | €1,496 | -€1,633 | -52.2% |
| Non-recurring operating charges | 66A | - | €1,794 | +€1,794 | |
| Gross operating margin | 9900 | €594,315 | €502,525 | -€91,790 | -15.4% |
| Operating profit (loss) | 9901 | €55,495 | -€6,549 | -€62,044 | |
| Financial income | 75/76B | €10,543 | €5,451 | -€5,091 | -48.3% |
| Recurring financial income | 75 | €10,543 | €5,451 | -€5,091 | -48.3% |
| Financial charges | 65/66B | €20,371 | €13,482 | -€6,889 | -33.8% |
| Recurring financial charges | 65 | €20,371 | €13,482 | -€6,889 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €45,667 | -€14,579 | -€60,247 | |
| Income taxes | 67/77 | €16,913 | €15,071 | -€1,842 | -10.9% |
| Profit (loss) for the period | 9904 | €28,754 | -€29,651 | -€58,405 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,754 | -€29,651 | -€58,405 |
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 13 October 2026 via checked.be.