CLIMAWORLD: 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
CLIMAWORLD
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€44,320
2024 · €83,736-€39,416
Equity
€896,613
2024 · €852,293+€44,320
Cash
€1.1m
2024 · €706,614+€399,200
Balance sheet total
€2.1m
2024 · €2.0m+€64,640
Largest movements
Assets
- Cash +€399,200
up €399,200 (+56.5%), from €706,614 to €1.1m
mainly Current investments (+€386,000) and Net result for the year (+€44,320)
- Current investments -€386,000
down €386,000 (-98.7%), from €391,000 to €5,000
- Receivables within one year +€44,934
up €44,934 (+10.3%), from €437,756 to €482,690
of which Trade receivables: +€57,361
Equity and liabilities
- Reserves +€44,320
up €44,320 (+5.4%), from €821,043 to €865,363
Income statement
- Write-downs +€36,290
up €36,290, from -€19,026 to €17,264
- Taxes -€17,141
down €17,141 (-49.3%), from €34,741 to €17,600
- Staff costs +€10,128
up €10,128 (+4.9%), from €206,895 to €217,022
- Gross operating margin -€7,966
down €7,966 (-2.2%), from €355,603 to €347,637
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
€83,736
Gross operating margin
-€7,966
Staff costs
-€10,128
Depreciation
-€1,239
Write-downs
-€36,290
Other operating charges
+€710
Other operating items
+€496
Financial income
-€2,996
Financial charges
+€855
Taxes
+€17,141
Result 2025
€44,320
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
+€61,533
Investment
+€343,038
Financing
-€5,371
Cash 2024
€706,614
From operations (derived)
+€61,533
Net result for the year
+€44,320
Depreciation
+€28,875
Stocks and contracts
+€4,138
Receivables within one year
-€44,934
Deferred charges and accrued income
+€3,443
Smaller working-capital items
+€330
Trade debts
+€14,528
Tax, wage and social debts
-€4,101
Advances received
-€3,026
Other debts
+€17,961
Investment (derived)
+€343,038
Investment in fixed assets (net)
-€42,962
Current investments
+€386,000
Financing
-€5,371
Debts after one year
-€1,708
Current portion of long-term debt
-€3,378
Short-term financial debts
-€286
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,003,155 | €2,067,795 | +€64,640 | +3.2% |
| Fixed assets | 21/28 | €166,528 | €180,616 | +€14,088 | +8.5% |
| Intangible fixed assets | 21 | €2,187 | €1,312 | -€875 | -40.0% |
| Tangible fixed assets | 22/27 | €164,341 | €179,304 | +€14,962 | +9.1% |
| Land and buildings | 22 | €138,011 | €143,120 | +€5,109 | +3.7% |
| Plant, machinery and equipment | 23 | €16,029 | €23,126 | +€7,097 | +44.3% |
| Furniture and vehicles | 24 | €10,302 | €13,058 | +€2,756 | +26.8% |
| Current assets | 29/58 | €1,836,627 | €1,887,180 | +€50,552 | +2.8% |
| Stocks and contracts in progress | 3 | €277,367 | €273,229 | -€4,138 | -1.5% |
| Stocks | 30/36 | €277,367 | €273,229 | -€4,138 | -1.5% |
| Amounts receivable within one year | 40/41 | €437,756 | €482,690 | +€44,934 | +10.3% |
| Trade receivables | 40 | €92,648 | €150,009 | +€57,361 | +61.9% |
| Other amounts receivable | 41 | €345,108 | €332,680 | -€12,428 | -3.6% |
| Current investments | 50/53 | €391,000 | €5,000 | -€386,000 | -98.7% |
| Cash at bank and in hand | 54/58 | €706,614 | €1,105,814 | +€399,200 | +56.5% |
| Deferred charges and accrued income | 490/1 | €23,891 | €20,448 | -€3,443 | -14.4% |
| Total equity and liabilities | 10/49 | €2,003,155 | €2,067,795 | +€64,640 | +3.2% |
| Equity | 10/15 | €852,293 | €896,613 | +€44,320 | +5.2% |
| Contributions | 10/11 | €31,250 | €31,250 | = | 0.0% |
| Reserves | 13 | €821,043 | €865,363 | +€44,320 | +5.4% |
| Distributable reserves | 133 | €821,043 | €865,363 | +€44,320 | +5.4% |
| Provisions and deferred taxes | 16 | €86,185 | €86,931 | +€747 | +0.9% |
| Provisions for liabilities and charges | 160/5 | €86,185 | €86,931 | +€747 | +0.9% |
| Other liabilities and charges | 164/5 | €86,185 | €86,931 | +€747 | +0.9% |
| Amounts payable | 17/49 | €1,064,678 | €1,084,251 | +€19,573 | +1.8% |
| Amounts payable after more than one year | 17 | €1,708 | €0 | -€1,708 | -100% |
| Financial debts | 170/4 | €1,708 | €0 | -€1,708 | -100% |
| Amounts payable within one year | 42/48 | €1,035,811 | €1,057,509 | +€21,698 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €5,086 | €1,708 | -€3,378 | -66.4% |
| Financial debts | 43 | €770 | €484 | -€286 | -37.1% |
| Credit institutions | 430/8 | €770 | €484 | -€286 | -37.1% |
| Trade debts | 44 | €146,883 | €161,411 | +€14,528 | +9.9% |
| Suppliers | 440/4 | €146,883 | €161,411 | +€14,528 | +9.9% |
| Advances received on contracts in progress | 46 | €3,290 | €264 | -€3,026 | -92.0% |
| Taxes, remuneration and social security | 45 | €48,826 | €44,725 | -€4,101 | -8.4% |
| Taxes | 450/3 | €13,899 | €8,440 | -€5,459 | -39.3% |
| Remuneration and social security | 454/9 | €34,927 | €36,285 | +€1,358 | +3.9% |
| Other amounts payable | 47/48 | €830,957 | €848,918 | +€17,961 | +2.2% |
| Accrued charges and deferred income | 492/3 | €27,159 | €26,742 | -€417 | -1.5% |
| Non-recurring operating income | 76A | €3,779 | €496 | -€3,284 | -86.9% |
| Remuneration, social security and pensions | 62 | €206,895 | €217,022 | +€10,128 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,636 | €28,875 | +€1,239 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,026 | €17,264 | +€36,290 | |
| Other operating charges | 640/8 | €8,795 | €8,085 | -€710 | -8.1% |
| Non-recurring operating charges | 66A | €1,739 | €1,242 | -€496 | -28.6% |
| Gross operating margin | 9900 | €355,603 | €347,637 | -€7,966 | -2.2% |
| Operating profit (loss) | 9901 | €129,564 | €75,148 | -€54,416 | -42.0% |
| Financial income | 75/76B | €18,330 | €15,334 | -€2,996 | -16.3% |
| Recurring financial income | 75 | €18,330 | €15,334 | -€2,996 | -16.3% |
| Financial charges | 65/66B | €29,417 | €28,562 | -€855 | -2.9% |
| Recurring financial charges | 65 | €29,417 | €28,562 | -€855 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €118,477 | €61,920 | -€56,557 | -47.7% |
| Income taxes | 67/77 | €34,741 | €17,600 | -€17,141 | -49.3% |
| Profit (loss) for the period | 9904 | €83,736 | €44,320 | -€39,416 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €83,736 | €44,320 | -€39,416 | -47.1% |
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 15 October 2026 via checked.be.