CLIMAX HVAC: what changed
What changed
CLIMAX HVAC
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
-€285
2024 · €6,794-€7,080
Equity
-€11,696
2024 · -€11,411-€285
Cash
€9,596
2024 · €48,325-€38,729
Balance sheet total
€153,250
2024 · €167,337-€14,087
Largest movements
Assets
- Cash -€38,729
down €38,729 (-80.1%), from €48,325 to €9,596
mainly Receivables within one year (-€35,617) and Investment in fixed assets (net) (-€9,406)
- Receivables within one year +€35,617
up €35,617 (+43.3%), from €82,319 to €117,936
- Deferred charges and accrued income -€11,935
no longer reported in 2025 (was €11,935)
Equity and liabilities
- Trade debts -€8,876
down €8,876 (-90.9%), from €9,760 to €884
- Debts after one year -€5,960
down €5,960 (-57.0%), from €10,457 to €4,497
- Other debts -€2,434
down €2,434 (-1.7%), from €144,414 to €141,980
- Accrued charges and deferred income +€1,953
new in 2025: €1,953
Income statement
- Depreciation -€14,623
down €14,623 (-63.4%), from €23,070 to €8,447
- Staff costs +€11,297
up €11,297 (+18.4%), from €61,504 to €72,801
- Gross operating margin -€8,724
down €8,724 (-9.4%), from €92,782 to €84,058
- Financial income -€1,450
down €1,450 (-48.7%), from €2,978 to €1,528
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.
Result 2024
€6,794
Gross operating margin
-€8,724
Staff costs
-€11,297
Depreciation
+€14,623
Other operating charges
+€426
Financial income
-€1,450
Financial charges
-€438
Taxes
-€219
Result 2025
-€285
raises the resultlowers the result
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.
From operations
-€23,635
Investment
-€9,406
Financing
-€5,688
Cash 2024
€48,325
From operations (derived)
-€23,635
Net result for the year
-€285
Depreciation
+€8,447
Receivables within one year
-€35,617
Deferred charges and accrued income
+€11,935
Trade debts
-€8,876
Tax, wage and social debts
+€1,242
Other debts
-€2,434
Accrued charges and deferred income
+€1,953
Investment (derived)
-€9,406
Investment in fixed assets (net)
-€9,406
Financing
-€5,688
Debts after one year
-€5,960
Current portion of long-term debt
+€272
Cash 2025
€9,596
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,337 | €153,250 | -€14,087 | -8.4% |
| Fixed assets | 21/28 | €24,759 | €25,718 | +€959 | +3.9% |
| Tangible fixed assets | 22/27 | €24,759 | €25,718 | +€959 | +3.9% |
| Plant, machinery and equipment | 23 | €3,972 | €2,046 | -€1,927 | -48.5% |
| Furniture and vehicles | 24 | €20,787 | €15,419 | -€5,368 | -25.8% |
| Other tangible fixed assets | 26 | - | €8,253 | +€8,253 | |
| Current assets | 29/58 | €142,578 | €127,532 | -€15,046 | -10.6% |
| Amounts receivable within one year | 40/41 | €82,319 | €117,936 | +€35,617 | +43.3% |
| Trade receivables | 40 | €82,319 | €117,936 | +€35,617 | +43.3% |
| Cash at bank and in hand | 54/58 | €48,325 | €9,596 | -€38,729 | -80.1% |
| Deferred charges and accrued income | 490/1 | €11,935 | - | -€11,935 | |
| Total equity and liabilities | 10/49 | €167,337 | €153,250 | -€14,087 | -8.4% |
| Equity | 10/15 | -€11,411 | -€11,696 | -€285 | -2.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Capital | 10 | €7,000 | €7,000 | = | 0.0% |
| Issued capital | 100 | €21,000 | €21,000 | = | 0.0% |
| Uncalled capital | 101 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €6,794 | €6,794 | = | 0.0% |
| Distributable reserves | 133 | €6,794 | €6,794 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,205 | -€25,490 | -€285 | -1.1% |
| Amounts payable | 17/49 | €178,748 | €164,946 | -€13,802 | -7.7% |
| Amounts payable after more than one year | 17 | €10,457 | €4,497 | -€5,960 | -57.0% |
| Financial debts | 170/4 | €10,457 | €4,497 | -€5,960 | -57.0% |
| Amounts payable within one year | 42/48 | €168,291 | €158,495 | -€9,796 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €6,217 | €6,489 | +€272 | +4.4% |
| Trade debts | 44 | €9,760 | €884 | -€8,876 | -90.9% |
| Suppliers | 440/4 | €9,760 | €884 | -€8,876 | -90.9% |
| Taxes, remuneration and social security | 45 | €7,900 | €9,142 | +€1,242 | +15.7% |
| Taxes | 450/3 | €3,977 | €4,668 | +€691 | +17.4% |
| Remuneration and social security | 454/9 | €3,923 | €4,474 | +€551 | +14.1% |
| Other amounts payable | 47/48 | €144,414 | €141,980 | -€2,434 | -1.7% |
| Accrued charges and deferred income | 492/3 | - | €1,953 | +€1,953 | |
| Remuneration, social security and pensions | 62 | €61,504 | €72,801 | +€11,297 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,070 | €8,447 | -€14,623 | -63.4% |
| Other operating charges | 640/8 | €1,454 | €1,028 | -€426 | -29.3% |
| Gross operating margin | 9900 | €92,782 | €84,058 | -€8,724 | -9.4% |
| Operating profit (loss) | 9901 | €6,754 | €1,782 | -€4,972 | -73.6% |
| Financial income | 75/76B | €2,978 | €1,528 | -€1,450 | -48.7% |
| Recurring financial income | 75 | €2,978 | €1,528 | -€1,450 | -48.7% |
| Financial charges | 65/66B | €1,793 | €2,231 | +€438 | +24.5% |
| Recurring financial charges | 65 | €1,793 | €2,231 | +€438 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €7,940 | €1,079 | -€6,860 | -86.4% |
| Income taxes | 67/77 | €1,145 | €1,365 | +€219 | +19.2% |
| Profit (loss) for the period | 9904 | €6,794 | -€285 | -€7,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,794 | -€285 | -€7,080 |
Next steps
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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 6 November 2026 via checked.be.