CLIMAMASTER: what changed
CLIMAMASTER
Largest movements
- Tangible fixed assets +€58,961
up €58,961 (+62.2%), from €94,723 to €153,684
of which Land and buildings: +€134,922
- Cash +€31,455
up €31,455 (+33.3%), from €94,524 to €125,979
mainly Debts after one year (+€95,941) and Depreciation (+€38,793)
- Receivables within one year +€14,327
up €14,327 (+15.7%), from €91,520 to €105,847
of which Other amounts receivable: +€14,320
- Deferred charges and accrued income +€8,947
up €8,947 (+275%), from €3,251 to €12,198
- Debts after one year +€95,941
up €95,941 (+261%), from €36,730 to €132,671
- Reserves +€38,137
up €38,137 (+36.5%), from €104,428 to €142,566
- Current portion of long-term debt -€15,313
down €15,313 (-40.3%), from €38,035 to €22,722
- Trade debts +€10,188
up €10,188 (+13.0%), from €78,220 to €88,408
- Tax, wage and social debts -€9,113
down €9,113 (-49.5%), from €18,402 to €9,289
of which Taxes: -€7,248
- Gross operating margin +€92,875
up €92,875 (+90.6%), from €102,555 to €195,430
- Staff costs +€34,611
up €34,611 (+79.2%), from €43,681 to €78,292
- Depreciation +€14,677
up €14,677 (+60.9%), from €24,116 to €38,793
- Taxes +€13,952
up €13,952 (+192%), from €7,253 to €21,205
- Financial charges +€5,444
up €5,444 (+181%), from €3,014 to €8,458
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €284,019 | €397,858 | +€113,840 | +40.1% |
| Fixed assets | 21/28 | €94,723 | €153,834 | +€59,111 | +62.4% |
| Tangible fixed assets | 22/27 | €94,723 | €153,684 | +€58,961 | +62.2% |
| Land and buildings | 22 | - | €134,922 | +€134,922 | |
| Plant, machinery and equipment | 23 | €12,891 | €7,137 | -€5,754 | -44.6% |
| Furniture and vehicles | 24 | €74,572 | €6,031 | -€68,541 | -91.9% |
| Other tangible fixed assets | 26 | €7,261 | €5,595 | -€1,666 | -22.9% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €189,295 | €244,024 | +€54,729 | +28.9% |
| Amounts receivable within one year | 40/41 | €91,520 | €105,847 | +€14,327 | +15.7% |
| Trade receivables | 40 | €86,779 | €86,786 | +€7 | 0.0% |
| Other amounts receivable | 41 | €4,741 | €19,061 | +€14,320 | +302% |
| Cash at bank and in hand | 54/58 | €94,524 | €125,979 | +€31,455 | +33.3% |
| Deferred charges and accrued income | 490/1 | €3,251 | €12,198 | +€8,947 | +275% |
| Total equity and liabilities | 10/49 | €284,019 | €397,858 | +€113,840 | +40.1% |
| Equity | 10/15 | €104,528 | €142,666 | +€38,137 | +36.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €104,428 | €142,566 | +€38,137 | +36.5% |
| Distributable reserves | 133 | €104,428 | €142,566 | +€38,137 | +36.5% |
| Amounts payable | 17/49 | €179,490 | €255,192 | +€75,702 | +42.2% |
| Amounts payable after more than one year | 17 | €36,730 | €132,671 | +€95,941 | +261% |
| Financial debts | 170/4 | €36,730 | €132,671 | +€95,941 | +261% |
| Amounts payable within one year | 42/48 | €142,760 | €120,419 | -€22,340 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €38,035 | €22,722 | -€15,313 | -40.3% |
| Trade debts | 44 | €78,220 | €88,408 | +€10,188 | +13.0% |
| Suppliers | 440/4 | €78,220 | €88,408 | +€10,188 | +13.0% |
| Taxes, remuneration and social security | 45 | €18,402 | €9,289 | -€9,113 | -49.5% |
| Taxes | 450/3 | €16,537 | €9,289 | -€7,248 | -43.8% |
| Remuneration and social security | 454/9 | €1,865 | - | -€1,865 | |
| Other amounts payable | 47/48 | €8,103 | - | -€8,103 | |
| Accrued charges and deferred income | 492/3 | - | €2,102 | +€2,102 | |
| Remuneration, social security and pensions | 62 | €43,681 | €78,292 | +€34,611 | +79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,116 | €38,793 | +€14,677 | +60.9% |
| Other operating charges | 640/8 | €10,862 | €11,304 | +€442 | +4.1% |
| Gross operating margin | 9900 | €102,555 | €195,430 | +€92,875 | +90.6% |
| Operating profit (loss) | 9901 | €23,895 | €67,040 | +€43,146 | +181% |
| Financial income | 75/76B | €83 | €760 | +€677 | +815% |
| Recurring financial income | 75 | €83 | €760 | +€677 | +815% |
| Financial charges | 65/66B | €3,014 | €8,458 | +€5,444 | +181% |
| Recurring financial charges | 65 | €3,014 | €8,458 | +€5,444 | +181% |
| Profit (loss) for the period before taxes | 9903 | €20,964 | €59,342 | +€38,379 | +183% |
| Income taxes | 67/77 | €7,253 | €21,205 | +€13,952 | +192% |
| Profit (loss) for the period | 9904 | €13,710 | €38,137 | +€24,427 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €13,710 | €38,137 | +€24,427 | +178% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.