COOLING - DEHYDRATING - HEATING: what changed
What changed
COOLING - DEHYDRATING - HEATING
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€78,970
2024 · €101,095-€22,124
Equity
€548,871
2024 · €569,901-€21,030
Cash
€102,315
2024 · €55,106+€47,209
Balance sheet total
€935,006
2024 · €1.0m-€109,351
Largest movements
Assets
- Receivables within one year -€104,202
down €104,202 (-23.8%), from €438,691 to €334,489
of which Other amounts receivable: -€66,932
- Stocks and contracts -€53,333
down €53,333 (-10.6%), from €502,800 to €449,467
- Cash +€47,209
up €47,209 (+85.7%), from €55,106 to €102,315
mainly Receivables within one year (+€104,202) and Net result for the year (+€78,970)
Equity and liabilities
- Other debts -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Short-term financial debts +€49,927
up €49,927 (+66.5%), from €75,073 to €125,000
- Trade debts -€30,030
down €30,030 (-41.7%), from €71,976 to €41,946
- Reserves -€19,935
down €19,935 (-5.0%), from €394,806 to €374,871
of which Distributable reserves: -€19,935
Income statement
- Gross operating margin -€24,097
down €24,097 (-3.2%), from €745,149 to €721,052
- Provisions -€11,014
down €11,014, from €1,802 to -€9,212
- Staff costs +€8,706
up €8,706 (+1.5%), from €575,357 to €584,063
- Taxes -€7,626
down €7,626 (-20.5%), from €37,138 to €29,511
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
€101,095
Gross operating margin
-€24,097
Staff costs
-€8,706
Depreciation
-€3,126
Provisions
+€11,014
Other operating charges
+€4,306
Other operating items
-€8,641
Financial income
+€272
Financial charges
-€772
Taxes
+€7,626
Result 2025
€78,970
raises the resultlowers the resultnot broken down further in the accounts
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
+€111,110
Investment
-€13,828
Financing
-€50,073
Cash 2024
€55,106
From operations (derived)
+€111,110
Net result for the year
+€78,970
Depreciation
+€15,818
Stocks and contracts
+€53,333
Receivables within one year
+€104,202
Deferred charges and accrued income
-€2,965
Provisions
-€571
Trade debts
-€30,030
Tax, wage and social debts
-€7,646
Other debts
-€100,000
Investment (derived)
-€13,828
Investment in fixed assets (net)
-€13,828
Financing
-€50,073
Short-term financial debts
+€49,927
Contributions, distributions and other
-€100,000
Cash 2025
€102,315
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,044,357 | €935,006 | -€109,351 | -10.5% |
| Fixed assets | 21/28 | €47,761 | €45,771 | -€1,990 | -4.2% |
| Intangible fixed assets | 21 | €14,503 | €10,076 | -€4,427 | -30.5% |
| Tangible fixed assets | 22/27 | €33,258 | €35,695 | +€2,437 | +7.3% |
| Plant, machinery and equipment | 23 | - | €4,840 | +€4,840 | |
| Furniture and vehicles | 24 | €33,258 | €30,855 | -€2,403 | -7.2% |
| Current assets | 29/58 | €996,597 | €889,235 | -€107,361 | -10.8% |
| Stocks and contracts in progress | 3 | €502,800 | €449,467 | -€53,333 | -10.6% |
| Stocks | 30/36 | €502,800 | €449,467 | -€53,333 | -10.6% |
| Amounts receivable within one year | 40/41 | €438,691 | €334,489 | -€104,202 | -23.8% |
| Trade receivables | 40 | €220,828 | €183,558 | -€37,270 | -16.9% |
| Other amounts receivable | 41 | €217,862 | €150,930 | -€66,932 | -30.7% |
| Cash at bank and in hand | 54/58 | €55,106 | €102,315 | +€47,209 | +85.7% |
| Deferred charges and accrued income | 490/1 | - | €2,965 | +€2,965 | |
| Total equity and liabilities | 10/49 | €1,044,357 | €935,006 | -€109,351 | -10.5% |
| Equity | 10/15 | €569,901 | €548,871 | -€21,030 | -3.7% |
| Contributions | 10/11 | €174,000 | €174,000 | = | 0.0% |
| Capital | 10 | €174,000 | €174,000 | = | 0.0% |
| Issued capital | 100 | €174,000 | €174,000 | = | 0.0% |
| Reserves | 13 | €394,806 | €374,871 | -€19,935 | -5.0% |
| Non-distributable reserves | 130/1 | €17,400 | €17,400 | = | 0.0% |
| Legal reserve | 130 | €17,400 | €17,400 | = | 0.0% |
| Distributable reserves | 133 | €377,406 | €357,471 | -€19,935 | -5.3% |
| Profit (loss) carried forward | 14 | €1,095 | - | -€1,095 | |
| Provisions and deferred taxes | 16 | €25,694 | €25,122 | -€571 | -2.2% |
| Provisions for liabilities and charges | 160/5 | €25,694 | €25,122 | -€571 | -2.2% |
| Environmental obligations | 163 | €25,694 | €25,122 | -€571 | -2.2% |
| Amounts payable | 17/49 | €448,763 | €361,013 | -€87,750 | -19.6% |
| Amounts payable within one year | 42/48 | €448,763 | €361,013 | -€87,750 | -19.6% |
| Financial debts | 43 | €75,073 | €125,000 | +€49,927 | +66.5% |
| Credit institutions | 430/8 | €75,073 | €125,000 | +€49,927 | +66.5% |
| Trade debts | 44 | €71,976 | €41,946 | -€30,030 | -41.7% |
| Suppliers | 440/4 | €71,976 | €41,946 | -€30,030 | -41.7% |
| Taxes, remuneration and social security | 45 | €101,714 | €94,067 | -€7,646 | -7.5% |
| Taxes | 450/3 | €40,405 | €29,857 | -€10,548 | -26.1% |
| Remuneration and social security | 454/9 | €61,309 | €64,210 | +€2,901 | +4.7% |
| Other amounts payable | 47/48 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Non-recurring operating income | 76A | - | €515 | +€515 | |
| Remuneration, social security and pensions | 62 | €575,357 | €584,063 | +€8,706 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,691 | €15,818 | +€3,126 | +24.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,802 | -€9,212 | -€11,014 | |
| Other operating charges | 640/8 | €11,874 | €7,568 | -€4,306 | -36.3% |
| Non-recurring operating charges | 66A | - | €8,641 | +€8,641 | |
| Gross operating margin | 9900 | €745,149 | €721,052 | -€24,097 | -3.2% |
| Operating profit (loss) | 9901 | €143,424 | €114,174 | -€29,250 | -20.4% |
| Financial income | 75/76B | €1,501 | €1,772 | +€272 | +18.1% |
| Recurring financial income | 75 | €1,501 | €1,772 | +€272 | +18.1% |
| Financial charges | 65/66B | €6,693 | €7,465 | +€772 | +11.5% |
| Recurring financial charges | 65 | €6,693 | €7,465 | +€772 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €138,232 | €108,482 | -€29,750 | -21.5% |
| Income taxes | 67/77 | €37,138 | €29,511 | -€7,626 | -20.5% |
| Profit (loss) for the period | 9904 | €101,095 | €78,970 | -€22,124 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €101,095 | €78,970 | -€22,124 | -21.9% |
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 2 November 2026 via checked.be.