CLIMAGROUP: 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.
What changed
CLIMAGROUP
NACE 43.211, General electrical installation work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€9.9m
2024 · -€478,213-€9.4m
Equity
€231,534
2024 · €2.0m-€1.8m
Cash
€16,999
2024 · €263+€16,736
Balance sheet total
€18.8m
2024 · €4.4m+€14.3m
Largest movements
Assets
- Stocks and contracts +€8.6m
up €8.6m (+623%), from €1.4m to €10.0m
of which Contracts in progress: +€6.8m
- Receivables within one year +€5.0m
up €5.0m (+177%), from €2.8m to €7.8m
of which Trade receivables: +€5.8m
- Tangible fixed assets +€363,030
up €363,030 (+172%), from €211,673 to €574,704
Equity and liabilities
- Profit (loss) carried forward -€11.0m
new in 2025: -€11.0m
- Other debts +€7.9m
new in 2025: €7.9m
- Contributions +€6.1m
up €6.1m (+9,880%), from €62,000 to €6.2m
of which Capital: +€6.0m
- Reserves +€3.2m
up €3.2m (+163%), from €1.9m to €5.1m
of which Distributable reserves: +€3.0m
- Advances received +€2.8m
up €2.8m (+1,838%), from €154,386 to €3.0m
Income statement
- Staff costs +€12.0m
up €12.0m (+508%), from €2.4m to €14.4m
- Gross operating margin +€5.1m
up €5.1m (+268%), from €1.9m to €7.0m
- Depreciation +€1.0m
up €1.0m (+3,263%), from €31,710 to €1.1m
- Provisions +€571,737
up €571,737, from -€33,715 to €538,022
- Write-downs -€272,645
down €272,645 (-2,199%), from -€12,399 to -€285,044
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.
Result 2024
-€478,213
Gross operating margin
+€5.1m
Staff costs
-€12.0m
Depreciation
-€1.0m
Write-downs
+€272,645
Provisions
-€571,737
Other operating charges
-€126,786
Other operating items
-€779,807
Financial income
-€43,034
Financial charges
-€174,405
Taxes
-€15,742
Result 2025
-€9.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€6.6m
Investment
-€1.6m
Financing
+€8.2m
Cash 2024
€263
From operations (derived)
-€6.6m
Net result for the year
-€9.9m
Depreciation
+€1.1m
Receivables after one year
-€22,560
Stocks and contracts
-€8.6m
Receivables within one year
-€5.0m
Deferred charges and accrued income
-€182,888
Provisions
+€1.1m
Trade debts
+€2.6m
Tax, wage and social debts
+€1.4m
Advances received
+€2.8m
Other debts
+€7.9m
Accrued charges and deferred income
+€167,647
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
+€8.2m
Debts after one year
+€72,905
Current portion of long-term debt
+€21,863
Contributions, distributions and other
+€8.1m
Cash 2025
€16,999
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,420,136 | €18,769,878 | +€14.3m | +325% |
| Formation expenses | 20 | - | €90,571 | +€90,571 | |
| Fixed assets | 21/28 | €216,091 | €653,706 | +€437,614 | +203% |
| Intangible fixed assets | 21 | €4,418 | €78,882 | +€74,464 | +1,685% |
| Tangible fixed assets | 22/27 | €211,673 | €574,704 | +€363,030 | +172% |
| Land and buildings | 22 | - | €68,580 | +€68,580 | |
| Plant, machinery and equipment | 23 | €47,555 | €212,771 | +€165,215 | +347% |
| Furniture and vehicles | 24 | €2,519 | €60,711 | +€58,193 | +2,311% |
| Other tangible fixed assets | 26 | €161,599 | €232,642 | +€71,042 | +44.0% |
| Financial fixed assets | 28 | - | €120 | +€120 | |
| Current assets | 29/58 | €4,204,044 | €18,025,602 | +€13.8m | +329% |
| Amounts receivable after more than one year | 29 | - | €22,560 | +€22,560 | |
| Trade receivables | 290 | - | €22,560 | +€22,560 | |
| Stocks and contracts in progress | 3 | €1,384,717 | €10,014,832 | +€8.6m | +623% |
| Stocks | 30/36 | €589,137 | €2,436,228 | +€1.8m | +314% |
| Contracts in progress | 37 | €795,581 | €7,578,605 | +€6.8m | +853% |
| Amounts receivable within one year | 40/41 | €2,808,604 | €7,777,861 | +€5.0m | +177% |
| Trade receivables | 40 | €1,993,902 | €7,751,730 | +€5.8m | +289% |
| Other amounts receivable | 41 | €814,702 | €26,131 | -€788,571 | -96.8% |
| Cash at bank and in hand | 54/58 | €263 | €16,999 | +€16,736 | +6,368% |
| Deferred charges and accrued income | 490/1 | €10,461 | €193,349 | +€182,888 | +1,748% |
| Total equity and liabilities | 10/49 | €4,420,136 | €18,769,878 | +€14.3m | +325% |
| Equity | 10/15 | €2,000,233 | €231,534 | -€1.8m | -88.4% |
| Contributions | 10/11 | €62,000 | €6,187,424 | +€6.1m | +9,880% |
| Capital | 10 | €62,000 | €6,071,142 | +€6.0m | +9,692% |
| Issued capital | 100 | €62,000 | €6,071,142 | +€6.0m | +9,692% |
| Contributions outside capital | 11 | - | €116,282 | +€116,282 | |
| Share premium | 1100/10 | - | €8,914 | +€8,914 | |
| Other | 1109/19 | - | €107,368 | +€107,368 | |
| Reserves | 13 | €1,938,233 | €5,091,805 | +€3.2m | +163% |
| Non-distributable reserves | 130/1 | €6,200 | €153,229 | +€147,029 | +2,371% |
| Legal reserve | 130 | €6,200 | €127,114 | +€120,914 | +1,950% |
| Reserves not available under the articles | 1311 | - | €26,115 | +€26,115 | |
| Tax-exempt reserves | 132 | €48 | €53,756 | +€53,708 | +112,502% |
| Distributable reserves | 133 | €1,931,986 | €4,884,820 | +€3.0m | +153% |
| Profit (loss) carried forward | 14 | - | -€11,047,694 | -€11.0m | |
| Provisions and deferred taxes | 16 | €199,249 | €1,265,271 | +€1.1m | +535% |
| Provisions for liabilities and charges | 160/5 | €199,249 | €1,265,271 | +€1.1m | +535% |
| Other liabilities and charges | 164/5 | €199,249 | €1,265,271 | +€1.1m | +535% |
| Amounts payable | 17/49 | €2,220,653 | €17,273,074 | +€15.1m | +678% |
| Amounts payable after more than one year | 17 | - | €72,905 | +€72,905 | |
| Financial debts | 170/4 | - | €72,905 | +€72,905 | |
| Amounts payable within one year | 42/48 | €2,220,653 | €17,032,521 | +€14.8m | +667% |
| Current portion of amounts payable after more than one year | 42 | - | €21,863 | +€21,863 | |
| Trade debts | 44 | €1,607,465 | €4,242,660 | +€2.6m | +164% |
| Suppliers | 440/4 | €1,607,465 | €4,242,660 | +€2.6m | +164% |
| Advances received on contracts in progress | 46 | €154,386 | €2,992,705 | +€2.8m | +1,838% |
| Taxes, remuneration and social security | 45 | €458,803 | €1,893,991 | +€1.4m | +313% |
| Taxes | 450/3 | €214,460 | €115,833 | -€98,628 | -46.0% |
| Remuneration and social security | 454/9 | €244,343 | €1,778,158 | +€1.5m | +628% |
| Other amounts payable | 47/48 | - | €7,881,303 | +€7.9m | |
| Accrued charges and deferred income | 492/3 | - | €167,647 | +€167,647 | |
| Non-recurring operating income | 76A | - | €14,445 | +€14,445 | |
| Remuneration, social security and pensions | 62 | €2,366,467 | €14,399,869 | +€12.0m | +508% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,710 | €1,066,364 | +€1.0m | +3,263% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,399 | -€285,044 | -€272,645 | -2,199% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€33,715 | €538,022 | +€571,737 | |
| Other operating charges | 640/8 | €4,855 | €131,641 | +€126,786 | +2,612% |
| Non-recurring operating charges | 66A | €81,044 | €860,851 | +€779,807 | +962% |
| Gross operating margin | 9900 | €1,907,975 | €7,029,536 | +€5.1m | +268% |
| Operating profit (loss) | 9901 | -€529,987 | -€9,682,167 | -€9.2m | -1,727% |
| Financial income | 75/76B | €62,631 | €19,597 | -€43,034 | -68.7% |
| Recurring financial income | 75 | €62,631 | €19,597 | -€43,034 | -68.7% |
| Financial charges | 65/66B | €12,497 | €186,902 | +€174,405 | +1,396% |
| Recurring financial charges | 65 | €12,497 | €186,902 | +€174,405 | +1,396% |
| Profit (loss) for the period before taxes | 9903 | -€479,853 | -€9,849,472 | -€9.4m | -1,953% |
| Income taxes | 67/77 | -€1,640 | €14,102 | +€15,742 | |
| Profit (loss) for the period | 9904 | -€478,213 | -€9,863,574 | -€9.4m | -1,963% |
| Profit (loss) for the period to be appropriated | 9905 | -€478,213 | -€9,863,574 | -€9.4m | -1,963% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.