CLOSE MAINTENANCE: 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.
What changed
CLOSE MAINTENANCE
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€31,616
2024 · €106,255-€74,639
Equity
€1.2m
2024 · €1.2m+€31,616
Cash
€858,397
2024 · €938,702-€80,305
Balance sheet total
€3.1m
2024 · €2.9m+€198,003
Largest movements
Assets
- Receivables within one year +€379,756
up €379,756 (+42.9%), from €885,084 to €1.3m
of which Trade receivables: +€380,025
- Tangible fixed assets -€94,066
down €94,066 (-11.4%), from €827,967 to €733,901
of which Furniture and vehicles: -€62,505
- Cash -€80,305
down €80,305 (-8.6%), from €938,702 to €858,397
mainly Receivables within one year (-€379,756) and Other debts (-€205,159)
Equity and liabilities
- Trade debts +€429,535
up €429,535 (+82.7%), from €519,136 to €948,672
- Other debts -€205,159
down €205,159 (-85.6%), from €239,587 to €34,428
- Debts after one year -€58,333
down €58,333 (-13.3%), from €437,500 to €379,167
- Profit (loss) carried forward +€36,805
up €36,805 (+131.0%), from €28,095 to €64,900
Income statement
- Turnover +€428,071
up €428,071 (+10.7%), from €4.0m to €4.4m
- Goods and materials +€344,078
up €344,078 (+25.4%), from €1.4m to €1.7m
of which Purchases: +€351,570
- Staff costs +€94,608
up €94,608 (+5.0%), from €1.9m to €2.0m
- Services and other goods +€93,466
up €93,466 (+18.8%), from €497,732 to €591,197
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
€106,255
Turnover
+€428,071
Other operating income
-€3,600
Goods and materials
-€344,078
Services and other goods
-€93,466
Staff costs
-€94,608
Depreciation
+€10,880
Write-downs
-€242
Other operating charges
-€6,103
Other operating items
+€278
Financial income
+€2,036
Financial charges
+€1,485
Taxes
+€24,962
Deferred taxes and other
-€255
Result 2025
€31,616
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.
From operations
-€20,922
Investment
-€1,050
Financing
-€58,333
Cash 2024
€938,702
From operations (derived)
-€20,922
Net result for the year
+€31,616
Depreciation
+€95,116
Stocks and contracts
-€6,385
Receivables within one year
-€379,756
Deferred charges and accrued income
+€13,766
Provisions
-€1,730
Trade debts
+€429,535
Tax, wage and social debts
-€28,368
Other debts
-€205,159
Accrued charges and deferred income
+€30,443
Investment (derived)
-€1,050
Investment in fixed assets (net)
-€1,050
Financing
-€58,333
Debts after one year
-€58,333
Cash 2025
€858,397
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,896,211 | €3,094,214 | +€198,003 | +6.8% |
| Fixed assets | 21/28 | €827,967 | €733,901 | -€94,066 | -11.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €827,967 | €733,901 | -€94,066 | -11.4% |
| Land and buildings | 22 | €653,999 | €622,835 | -€31,164 | -4.8% |
| Plant, machinery and equipment | 23 | €742 | €346 | -€397 | -53.4% |
| Furniture and vehicles | 24 | €173,225 | €110,720 | -€62,505 | -36.1% |
| Current assets | 29/58 | €2,068,244 | €2,360,313 | +€292,069 | +14.1% |
| Stocks and contracts in progress | 3 | €209,551 | €215,936 | +€6,385 | +3.0% |
| Stocks | 30/36 | €209,551 | €215,936 | +€6,385 | +3.0% |
| Goods purchased for resale | 34 | €209,551 | €215,936 | +€6,385 | +3.0% |
| Amounts receivable within one year | 40/41 | €885,084 | €1,264,840 | +€379,756 | +42.9% |
| Trade receivables | 40 | €872,489 | €1,252,514 | +€380,025 | +43.6% |
| Other amounts receivable | 41 | €12,596 | €12,326 | -€270 | -2.1% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €938,702 | €858,397 | -€80,305 | -8.6% |
| Deferred charges and accrued income | 490/1 | €34,905 | €21,139 | -€13,766 | -39.4% |
| Total equity and liabilities | 10/49 | €2,896,211 | €3,094,214 | +€198,003 | +6.8% |
| Equity | 10/15 | €1,151,655 | €1,183,271 | +€31,616 | +2.7% |
| Contributions | 10/11 | €421,419 | €421,419 | = | 0.0% |
| Capital | 10 | €421,419 | €421,419 | = | 0.0% |
| Issued capital | 100 | €421,419 | €421,419 | = | 0.0% |
| Reserves | 13 | €702,141 | €696,952 | -€5,189 | -0.7% |
| Non-distributable reserves | 130/1 | €42,142 | €42,142 | = | 0.0% |
| Legal reserve | 130 | €42,142 | €42,142 | = | 0.0% |
| Tax-exempt reserves | 132 | €109,999 | €104,810 | -€5,189 | -4.7% |
| Distributable reserves | 133 | €550,000 | €550,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,095 | €64,900 | +€36,805 | +131.0% |
| Provisions and deferred taxes | 16 | €36,666 | €34,937 | -€1,730 | -4.7% |
| Deferred taxes | 168 | €36,666 | €34,937 | -€1,730 | -4.7% |
| Amounts payable | 17/49 | €1,707,889 | €1,876,007 | +€168,117 | +9.8% |
| Amounts payable after more than one year | 17 | €437,500 | €379,167 | -€58,333 | -13.3% |
| Financial debts | 170/4 | €437,500 | €379,167 | -€58,333 | -13.3% |
| Credit institutions | 173 | €437,500 | €379,167 | -€58,333 | -13.3% |
| Amounts payable within one year | 42/48 | €1,041,797 | €1,237,804 | +€196,008 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €58,333 | €58,333 | = | 0.0% |
| Trade debts | 44 | €519,136 | €948,672 | +€429,535 | +82.7% |
| Suppliers | 440/4 | €519,136 | €948,672 | +€429,535 | +82.7% |
| Taxes, remuneration and social security | 45 | €224,740 | €196,371 | -€28,368 | -12.6% |
| Taxes | 450/3 | €103,720 | €62,737 | -€40,983 | -39.5% |
| Remuneration and social security | 454/9 | €121,019 | €133,634 | +€12,615 | +10.4% |
| Other amounts payable | 47/48 | €239,587 | €34,428 | -€205,159 | -85.6% |
| Accrued charges and deferred income | 492/3 | €228,593 | €259,036 | +€30,443 | +13.3% |
| Operating income | 70/76A | €4,025,916 | €4,450,387 | +€424,472 | +10.5% |
| Turnover | 70 | €3,985,196 | €4,413,268 | +€428,071 | +10.7% |
| Other operating income | 74 | €40,720 | €37,120 | -€3,600 | -8.8% |
| Operating charges | 60/66A | €3,863,536 | €4,390,874 | +€527,338 | +13.6% |
| Goods for resale, raw materials and consumables | 60 | €1,354,140 | €1,698,217 | +€344,078 | +25.4% |
| Purchases | 600/8 | €1,353,032 | €1,704,602 | +€351,570 | +26.0% |
| Change in stocks: decrease (increase) | 609 | €1,108 | -€6,385 | -€7,493 | |
| Services and other goods | 61 | €497,732 | €591,197 | +€93,466 | +18.8% |
| Remuneration, social security and pensions | 62 | €1,889,314 | €1,983,922 | +€94,608 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,996 | €95,116 | -€10,880 | -10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€555 | -€313 | +€242 | +43.5% |
| Other operating charges | 640/8 | €16,632 | €22,735 | +€6,103 | +36.7% |
| Non-recurring operating charges | 66A | €278 | - | -€278 | |
| Operating profit (loss) | 9901 | €162,380 | €59,513 | -€102,866 | -63.3% |
| Financial income | 75/76B | €1,030 | €3,066 | +€2,036 | +197.7% |
| Recurring financial income | 75 | €1,030 | €3,066 | +€2,036 | +197.7% |
| Other financial income | 752/9 | €1,030 | €3,066 | +€2,036 | +197.7% |
| Financial charges | 65/66B | €9,235 | €7,751 | -€1,485 | -16.1% |
| Recurring financial charges | 65 | €9,235 | €7,751 | -€1,485 | -16.1% |
| Debt charges | 650 | €5,848 | €5,708 | -€140 | -2.4% |
| Other financial charges | 652/9 | €3,388 | €2,043 | -€1,345 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €154,174 | €54,829 | -€99,346 | -64.4% |
| Transfer from deferred taxes | 780 | €1,985 | €1,730 | -€255 | -12.9% |
| Income taxes | 67/77 | €49,904 | €24,943 | -€24,962 | -50.0% |
| Taxes | 670/3 | €49,904 | €24,943 | -€24,962 | -50.0% |
| Profit (loss) for the period | 9904 | €106,255 | €31,616 | -€74,639 | -70.2% |
| Transfer from tax-exempt reserves | 789 | €5,954 | €5,189 | -€765 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €112,209 | €36,805 | -€75,404 | -67.2% |
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 30 September 2026 via checked.be.