DC HVAC: 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.
DC HVAC
Largest movements
- Tangible fixed assets -€10,698
down €10,698 (-19.0%), from €56,249 to €45,551
- Receivables within one year +€2,895
up €2,895 (+14.3%), from €20,185 to €23,080
of which Other amounts receivable: +€2,103
- Cash -€2,401
down €2,401 (-16.0%), from €15,035 to €12,634
mainly Tax, wage and social debts (-€8,623) and Debts after one year (-€5,799)
- Stocks and contracts +€1,746
up €1,746 (+53.9%), from €3,240 to €4,985
- Tax, wage and social debts -€8,623
down €8,623 (-71.4%), from €12,086 to €3,462
- Reserves +€6,245
up €6,245 (+15.3%), from €40,910 to €47,156
- Debts after one year -€5,799
down €5,799 (-25.6%), from €22,687 to €16,888
- Depreciation +€7,381
up €7,381 (+124%), from €5,950 to €13,332
- Gross operating margin +€6,562
up €6,562 (+35.4%), from €18,547 to €25,108
- Staff costs -€1,290
no longer reported in 2025 (was €1,290)
- Financial charges +€931
up €931 (+121%), from €769 to €1,700
- Taxes +€831
up €831 (+31.6%), from €2,631 to €3,462
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
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,709 | €86,946 | -€7,763 | -8.2% |
| Fixed assets | 21/28 | €56,249 | €45,551 | -€10,698 | -19.0% |
| Tangible fixed assets | 22/27 | €56,249 | €45,551 | -€10,698 | -19.0% |
| Furniture and vehicles | 24 | €56,249 | €45,551 | -€10,698 | -19.0% |
| Current assets | 29/58 | €38,460 | €41,395 | +€2,935 | +7.6% |
| Stocks and contracts in progress | 3 | €3,240 | €4,985 | +€1,746 | +53.9% |
| Stocks | 30/36 | €3,240 | €4,985 | +€1,746 | +53.9% |
| Amounts receivable within one year | 40/41 | €20,185 | €23,080 | +€2,895 | +14.3% |
| Trade receivables | 40 | €9,781 | €10,573 | +€792 | +8.1% |
| Other amounts receivable | 41 | €10,405 | €12,508 | +€2,103 | +20.2% |
| Cash at bank and in hand | 54/58 | €15,035 | €12,634 | -€2,401 | -16.0% |
| Deferred charges and accrued income | 490/1 | - | €696 | +€696 | |
| Total equity and liabilities | 10/49 | €94,709 | €86,946 | -€7,763 | -8.2% |
| Equity | 10/15 | €43,910 | €50,156 | +€6,245 | +14.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,910 | €47,156 | +€6,245 | +15.3% |
| Distributable reserves | 133 | €40,910 | €47,156 | +€6,245 | +15.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €50,798 | €36,791 | -€14,008 | -27.6% |
| Amounts payable after more than one year | 17 | €22,687 | €16,888 | -€5,799 | -25.6% |
| Financial debts | 170/4 | €22,687 | €16,888 | -€5,799 | -25.6% |
| Amounts payable within one year | 42/48 | €28,112 | €19,903 | -€8,209 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €5,528 | €5,799 | +€270 | +4.9% |
| Trade debts | 44 | €10,498 | €10,642 | +€144 | +1.4% |
| Suppliers | 440/4 | €10,498 | €10,642 | +€144 | +1.4% |
| Taxes, remuneration and social security | 45 | €12,086 | €3,462 | -€8,623 | -71.4% |
| Taxes | 450/3 | €12,086 | €3,462 | -€8,623 | -71.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,290 | - | -€1,290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,950 | €13,332 | +€7,381 | +124% |
| Other operating charges | 640/8 | €1,122 | €1,200 | +€77 | +6.9% |
| Gross operating margin | 9900 | €18,547 | €25,108 | +€6,562 | +35.4% |
| Operating profit (loss) | 9901 | €10,184 | €10,577 | +€393 | +3.9% |
| Financial income | 75/76B | €190 | €831 | +€641 | +337% |
| Recurring financial income | 75 | €190 | €831 | +€641 | +337% |
| Financial charges | 65/66B | €769 | €1,700 | +€931 | +121% |
| Recurring financial charges | 65 | €769 | €1,700 | +€931 | +121% |
| Profit (loss) for the period before taxes | 9903 | €9,605 | €9,707 | +€103 | +1.1% |
| Income taxes | 67/77 | €2,631 | €3,462 | +€831 | +31.6% |
| Profit (loss) for the period | 9904 | €6,974 | €6,245 | -€729 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,974 | €6,245 | -€729 | -10.4% |
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 16 October 2026 via checked.be.