CLIMATE LAB: 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.
CLIMATE LAB
Largest movements
- Receivables within one year +€325,815
up €325,815 (+261.4%), from €124,633 to €450,448
of which Trade receivables: +€245,957
- Current investments +€255,885
new in 2025: €255,885
- Cash +€135,083
up €135,083 (+8.7%), from €1.5m to €1.7m
mainly Advances received (+€805,496) and Net result for the year (+€218,785)
- Tangible fixed assets +€28,028
up €28,028 (+1455.7%), from €1,925 to €29,953
of which Other tangible fixed assets: +€23,215
- Advances received +€805,496
up €805,496 (+108.9%), from €739,696 to €1.5m
- Other debts +€49,817
up €49,817 (+468.8%), from €10,626 to €60,443
- Trade debts -€41,090
down €41,090 (-29.5%), from €139,417 to €98,327
- Tax, wage and social debts -€39,277
down €39,277 (-24.8%), from €158,603 to €119,326
of which Taxes: -€57,804
- Staff costs +€63,109
up €63,109 (+108.5%), from €58,158 to €121,267
- Financial income -€40,906
down €40,906 (-77.5%), from €52,756 to €11,850
- Financial charges +€32,252
up €32,252 (+301.5%), from €10,697 to €42,949
- Taxes -€29,578
down €29,578 (-31.6%), from €93,624 to €64,047
- Gross operating margin -€16,871
down €16,871 (-3.7%), from €457,147 to €440,276
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 | €1,677,033 | €2,438,474 | +€761,440 | +45.4% |
| Fixed assets | 21/28 | €1,925 | €46,941 | +€45,016 | +2338.0% |
| Intangible fixed assets | 21 | - | €14,668 | +€14,668 | |
| Tangible fixed assets | 22/27 | €1,925 | €29,953 | +€28,028 | +1455.7% |
| Furniture and vehicles | 24 | €1,925 | €6,738 | +€4,813 | +250.0% |
| Other tangible fixed assets | 26 | - | €23,215 | +€23,215 | |
| Financial fixed assets | 28 | - | €2,320 | +€2,320 | |
| Current assets | 29/58 | €1,675,108 | €2,391,533 | +€716,425 | +42.8% |
| Amounts receivable within one year | 40/41 | €124,633 | €450,448 | +€325,815 | +261.4% |
| Trade receivables | 40 | €120,710 | €366,667 | +€245,957 | +203.8% |
| Other amounts receivable | 41 | €3,923 | €83,781 | +€79,857 | +2035.6% |
| Current investments | 50/53 | - | €255,885 | +€255,885 | |
| Cash at bank and in hand | 54/58 | €1,545,824 | €1,680,907 | +€135,083 | +8.7% |
| Deferred charges and accrued income | 490/1 | €4,651 | €4,293 | -€358 | -7.7% |
| Total equity and liabilities | 10/49 | €1,677,033 | €2,438,474 | +€761,440 | +45.4% |
| Equity | 10/15 | €628,691 | €612,182 | -€16,509 | -2.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €588,691 | €572,182 | -€16,509 | -2.8% |
| Distributable reserves | 133 | €588,691 | €572,182 | -€16,509 | -2.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,048,342 | €1,826,292 | +€777,950 | +74.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,048,342 | €1,823,288 | +€774,946 | +73.9% |
| Trade debts | 44 | €139,417 | €98,327 | -€41,090 | -29.5% |
| Suppliers | 440/4 | €139,417 | €98,327 | -€41,090 | -29.5% |
| Advances received on contracts in progress | 46 | €739,696 | €1,545,193 | +€805,496 | +108.9% |
| Taxes, remuneration and social security | 45 | €158,603 | €119,326 | -€39,277 | -24.8% |
| Taxes | 450/3 | €155,675 | €97,871 | -€57,804 | -37.1% |
| Remuneration and social security | 454/9 | €2,928 | €21,454 | +€18,527 | +632.8% |
| Other amounts payable | 47/48 | €10,626 | €60,443 | +€49,817 | +468.8% |
| Accrued charges and deferred income | 492/3 | €0 | €3,003 | +€3,003 | |
| Remuneration, social security and pensions | 62 | €58,158 | €121,267 | +€63,109 | +108.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €908 | €4,699 | +€3,791 | +417.6% |
| Other operating charges | 640/8 | €387 | €379 | -€8 | -2.0% |
| Gross operating margin | 9900 | €457,147 | €440,276 | -€16,871 | -3.7% |
| Operating profit (loss) | 9901 | €397,693 | €313,930 | -€83,763 | -21.1% |
| Financial income | 75/76B | €52,756 | €11,850 | -€40,906 | -77.5% |
| Recurring financial income | 75 | €52,756 | €11,850 | -€40,906 | -77.5% |
| Financial charges | 65/66B | €10,697 | €42,949 | +€32,252 | +301.5% |
| Recurring financial charges | 65 | €10,697 | €42,949 | +€32,252 | +301.5% |
| Profit (loss) for the period before taxes | 9903 | €439,753 | €282,832 | -€156,921 | -35.7% |
| Income taxes | 67/77 | €93,624 | €64,047 | -€29,578 | -31.6% |
| Profit (loss) for the period | 9904 | €346,128 | €218,785 | -€127,344 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €346,128 | €218,785 | -€127,344 | -36.8% |
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 7 October 2026 via checked.be.