CTZ CHAUFFAGE: 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.
CTZ CHAUFFAGE
Largest movements
- Receivables within one year -€84,872
down €84,872 (-70.4%), from €120,590 to €35,718
of which Trade receivables: -€76,125
- Tangible fixed assets -€3,629
down €3,629 (-16.2%), from €22,452 to €18,823
- Trade debts -€82,220
down €82,220 (-84.8%), from €96,979 to €14,759
- Short-term financial debts -€23,767
down €23,767 (-36.9%), from €64,493 to €40,726
- Profit (loss) carried forward +€21,108
up €21,108 (+60.2%), from -€35,084 to -€13,976
- Other debts -€3,143
down €3,143 (-80.0%), from €3,929 to €786
- Staff costs -€128,408
down €128,408 (-63.1%), from €203,396 to €74,988
- Gross operating margin -€65,964
down €65,964 (-38.1%), from €173,312 to €107,349
- Financial charges +€4,759
up €4,759 (+535%), from €890 to €5,649
of which Financial charges: +€3,934
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,582 | €54,541 | -€89,041 | -62.0% |
| Fixed assets | 21/28 | €22,452 | €18,823 | -€3,629 | -16.2% |
| Tangible fixed assets | 22/27 | €22,452 | €18,823 | -€3,629 | -16.2% |
| Plant, machinery and equipment | 23 | €6,975 | €5,342 | -€1,633 | -23.4% |
| Furniture and vehicles | 24 | €12,667 | €10,976 | -€1,691 | -13.4% |
| Other tangible fixed assets | 26 | €2,810 | €2,505 | -€305 | -10.9% |
| Current assets | 29/58 | €121,130 | €35,718 | -€85,412 | -70.5% |
| Amounts receivable within one year | 40/41 | €120,590 | €35,718 | -€84,872 | -70.4% |
| Trade receivables | 40 | €111,693 | €35,568 | -€76,125 | -68.2% |
| Other amounts receivable | 41 | €8,897 | €150 | -€8,748 | -98.3% |
| Deferred charges and accrued income | 490/1 | €540 | - | -€540 | |
| Total equity and liabilities | 10/49 | €143,582 | €54,541 | -€89,041 | -62.0% |
| Equity | 10/15 | -€29,084 | -€7,976 | +€21,108 | +72.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,084 | -€13,976 | +€21,108 | +60.2% |
| Amounts payable | 17/49 | €172,666 | €62,517 | -€110,149 | -63.8% |
| Amounts payable within one year | 42/48 | €172,666 | €62,517 | -€110,149 | -63.8% |
| Financial debts | 43 | €64,493 | €40,726 | -€23,767 | -36.9% |
| Credit institutions | 430/8 | €64,493 | €40,726 | -€23,767 | -36.9% |
| Trade debts | 44 | €96,979 | €14,759 | -€82,220 | -84.8% |
| Suppliers | 440/4 | €96,979 | €14,759 | -€82,220 | -84.8% |
| Taxes, remuneration and social security | 45 | €7,265 | €6,246 | -€1,019 | -14.0% |
| Remuneration and social security | 454/9 | €7,265 | €6,246 | -€1,019 | -14.0% |
| Other amounts payable | 47/48 | €3,929 | €786 | -€3,143 | -80.0% |
| Remuneration, social security and pensions | 62 | €203,396 | €74,988 | -€128,408 | -63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,509 | €5,148 | +€1,639 | +46.7% |
| Other operating charges | 640/8 | €149 | €276 | +€128 | +85.7% |
| Non-recurring operating charges | 66A | €452 | €180 | -€272 | -60.1% |
| Gross operating margin | 9900 | €173,312 | €107,349 | -€65,964 | -38.1% |
| Operating profit (loss) | 9901 | -€34,194 | €26,757 | +€60,951 | |
| Financial charges | 65/66B | €890 | €5,649 | +€4,759 | +535% |
| Recurring financial charges | 65 | €557 | €4,491 | +€3,934 | +706% |
| Non-recurring financial charges | 66B | €333 | €1,158 | +€825 | +248% |
| Profit (loss) for the period before taxes | 9903 | -€35,084 | €21,108 | +€56,192 | |
| Profit (loss) for the period | 9904 | -€35,084 | €21,108 | +€56,192 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,084 | €21,108 | +€56,192 |
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 31 October 2026 via checked.be.