Climaline: 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.
Climaline
Largest movements
- Receivables within one year -€113,048
down €113,048 (-45.6%), from €248,035 to €134,988
of which Trade receivables: -€90,826
- Cash +€79,667
up €79,667 (+517.1%), from €15,407 to €95,073
mainly Receivables within one year (+€113,048) and Accrued charges and deferred income (+€98,578)
- Stocks and contracts +€17,993
up €17,993 (+111.2%), from €16,179 to €34,172
- Trade debts -€126,480
down €126,480 (-79.9%), from €158,270 to €31,790
- Accrued charges and deferred income +€98,578
new in 2025: €98,578
- Reserves +€15,202
up €15,202 (+10.4%), from €145,790 to €160,992
- Debts after one year -€3,655
down €3,655 (-24.5%), from €14,934 to €11,279
- Write-downs -€22,389
down €22,389 (-67.5%), from €33,165 to €10,775
- Gross operating margin -€21,812
down €21,812 (-27.9%), from €78,150 to €56,338
- Depreciation +€9,255
up €9,255 (+92.1%), from €10,052 to €19,307
- Other operating charges +€4,918
up €4,918 (+436.7%), from €1,126 to €6,044
- Taxes -€2,083
down €2,083 (-32.4%), from €6,435 to €4,352
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 | €327,832 | €311,859 | -€15,972 | -4.9% |
| Fixed assets | 21/28 | €46,271 | €47,492 | +€1,221 | +2.6% |
| Intangible fixed assets | 21 | €5,611 | €5,362 | -€249 | -4.4% |
| Tangible fixed assets | 22/27 | €40,660 | €42,130 | +€1,470 | +3.6% |
| Plant, machinery and equipment | 23 | €9,545 | €5,902 | -€3,643 | -38.2% |
| Furniture and vehicles | 24 | €24,288 | €31,853 | +€7,565 | +31.1% |
| Other tangible fixed assets | 26 | €6,827 | €4,375 | -€2,452 | -35.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €281,561 | €264,368 | -€17,193 | -6.1% |
| Stocks and contracts in progress | 3 | €16,179 | €34,172 | +€17,993 | +111.2% |
| Stocks | 30/36 | €16,179 | €34,172 | +€17,993 | +111.2% |
| Amounts receivable within one year | 40/41 | €248,035 | €134,988 | -€113,048 | -45.6% |
| Trade receivables | 40 | €183,098 | €92,272 | -€90,826 | -49.6% |
| Other amounts receivable | 41 | €64,937 | €42,715 | -€22,222 | -34.2% |
| Cash at bank and in hand | 54/58 | €15,407 | €95,073 | +€79,667 | +517.1% |
| Deferred charges and accrued income | 490/1 | €1,940 | €135 | -€1,805 | -93.0% |
| Total equity and liabilities | 10/49 | €327,832 | €311,859 | -€15,972 | -4.9% |
| Equity | 10/15 | €148,790 | €163,992 | +€15,202 | +10.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €145,790 | €160,992 | +€15,202 | +10.4% |
| Distributable reserves | 133 | €145,790 | €160,992 | +€15,202 | +10.4% |
| Amounts payable | 17/49 | €179,041 | €147,867 | -€31,174 | -17.4% |
| Amounts payable after more than one year | 17 | €14,934 | €11,279 | -€3,655 | -24.5% |
| Financial debts | 170/4 | €14,934 | €11,279 | -€3,655 | -24.5% |
| Amounts payable within one year | 42/48 | €164,108 | €38,010 | -€126,097 | -76.8% |
| Current portion of amounts payable after more than one year | 42 | €3,427 | €3,572 | +€145 | +4.2% |
| Trade debts | 44 | €158,270 | €31,790 | -€126,480 | -79.9% |
| Suppliers | 440/4 | €158,270 | €31,790 | -€126,480 | -79.9% |
| Other amounts payable | 47/48 | €2,411 | €2,648 | +€237 | +9.8% |
| Accrued charges and deferred income | 492/3 | - | €98,578 | +€98,578 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,052 | €19,307 | +€9,255 | +92.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €33,165 | €10,775 | -€22,389 | -67.5% |
| Other operating charges | 640/8 | €1,126 | €6,044 | +€4,918 | +436.7% |
| Gross operating margin | 9900 | €78,150 | €56,338 | -€21,812 | -27.9% |
| Operating profit (loss) | 9901 | €33,807 | €20,211 | -€13,595 | -40.2% |
| Financial income | 75/76B | €157 | €269 | +€112 | +71.3% |
| Recurring financial income | 75 | €157 | €269 | +€112 | +71.3% |
| Financial charges | 65/66B | €1,016 | €926 | -€90 | -8.9% |
| Recurring financial charges | 65 | €1,016 | €926 | -€90 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €32,947 | €19,554 | -€13,393 | -40.7% |
| Income taxes | 67/77 | €6,435 | €4,352 | -€2,083 | -32.4% |
| Profit (loss) for the period | 9904 | €26,512 | €15,202 | -€11,310 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,512 | €15,202 | -€11,310 | -42.7% |
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 9 October 2026 via checked.be.