CLIMATOP: what changed
CLIMATOP
Largest movements
- Tangible fixed assets +€33,463
up €33,463 (+2,084%), from €1,606 to €35,068
- Cash -€30,141
down €30,141 (-41.9%), from €71,873 to €41,732
mainly Investment in fixed assets (net) (-€41,538) and Debts after one year (-€12,822)
- Receivables within one year -€7,830
down €7,830 (-59.3%), from €13,198 to €5,368
of which Other amounts receivable: -€8,401
- Reserves +€13,300
up €13,300 (+105%), from €12,700 to €26,000
- Debts after one year -€12,822
down €12,822 (-26.6%), from €48,263 to €35,441
of which Other amounts payable: -€32,563
- Advances received -€9,389
no longer reported in 2025 (was €9,389)
- Current portion of long-term debt +€9,018
new in 2025: €9,018
- Other debts -€5,845
down €5,845 (-87.2%), from €6,700 to €855
- Gross operating margin +€12,905
up €12,905 (+69.7%), from €18,521 to €31,425
- Depreciation +€7,540
up €7,540 (+1,409%), from €535 to €8,076
- Financial charges +€2,211
up €2,211 (+5,321%), from €42 to €2,252
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 | €86,677 | €82,168 | -€4,508 | -5.2% |
| Fixed assets | 21/28 | €1,606 | €35,068 | +€33,463 | +2,084% |
| Tangible fixed assets | 22/27 | €1,606 | €35,068 | +€33,463 | +2,084% |
| Furniture and vehicles | 24 | €1,606 | €35,068 | +€33,463 | +2,084% |
| Current assets | 29/58 | €85,071 | €47,100 | -€37,971 | -44.6% |
| Amounts receivable within one year | 40/41 | €13,198 | €5,368 | -€7,830 | -59.3% |
| Trade receivables | 40 | €3,149 | €3,720 | +€571 | +18.1% |
| Other amounts receivable | 41 | €10,049 | €1,648 | -€8,401 | -83.6% |
| Cash at bank and in hand | 54/58 | €71,873 | €41,732 | -€30,141 | -41.9% |
| Total equity and liabilities | 10/49 | €86,677 | €82,168 | -€4,508 | -5.2% |
| Equity | 10/15 | €15,723 | €29,035 | +€13,312 | +84.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €12,700 | €26,000 | +€13,300 | +105% |
| Distributable reserves | 133 | €12,700 | €26,000 | +€13,300 | +105% |
| Profit (loss) carried forward | 14 | €23 | €35 | +€12 | +55.1% |
| Amounts payable | 17/49 | €70,954 | €53,134 | -€17,821 | -25.1% |
| Amounts payable after more than one year | 17 | €48,263 | €35,441 | -€12,822 | -26.6% |
| Financial debts | 170/4 | - | €19,741 | +€19,741 | |
| Other amounts payable | 178/9 | €48,263 | €15,700 | -€32,563 | -67.5% |
| Amounts payable within one year | 42/48 | €22,353 | €16,414 | -€5,939 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,018 | +€9,018 | |
| Trade debts | 44 | €1,845 | €2,162 | +€317 | +17.2% |
| Suppliers | 440/4 | €1,845 | €2,162 | +€317 | +17.2% |
| Advances received on contracts in progress | 46 | €9,389 | - | -€9,389 | |
| Taxes, remuneration and social security | 45 | €4,419 | €4,379 | -€40 | -0.9% |
| Taxes | 450/3 | €4,419 | €4,379 | -€40 | -0.9% |
| Other amounts payable | 47/48 | €6,700 | €855 | -€5,845 | -87.2% |
| Accrued charges and deferred income | 492/3 | €338 | €1,278 | +€940 | +278% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €535 | €8,076 | +€7,540 | +1,409% |
| Other operating charges | 640/8 | €764 | €882 | +€119 | +15.5% |
| Gross operating margin | 9900 | €18,521 | €31,425 | +€12,905 | +69.7% |
| Operating profit (loss) | 9901 | €17,222 | €22,468 | +€5,246 | +30.5% |
| Financial charges | 65/66B | €42 | €2,252 | +€2,211 | +5,321% |
| Recurring financial charges | 65 | €42 | €2,252 | +€2,211 | +5,321% |
| Profit (loss) for the period before taxes | 9903 | €17,180 | €20,215 | +€3,035 | +17.7% |
| Income taxes | 67/77 | €4,419 | €4,352 | -€67 | -1.5% |
| Profit (loss) for the period | 9904 | €12,762 | €15,863 | +€3,101 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,762 | €15,863 | +€3,101 | +24.3% |
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 8 November 2026 via checked.be.