DIRITHERM A.G.: 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.
What changed
DIRITHERM A.G.
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.5m
2024 · €2.1m+€322,612
Equity
€5.0m
2024 · €4.0m+€962,591
Cash
€2.9m
2024 · €1.7m+€1.2m
Balance sheet total
€13.0m
2024 · €9.4m+€3.6m
Largest movements
Assets
- Receivables within one year +€1.8m
up €1.8m (+53.4%), from €3.3m to €5.1m
of which Trade receivables: +€1.3m
- Cash +€1.2m
up €1.2m (+70.2%), from €1.7m to €2.9m
mainly Net result for the year (+€2.5m) and Other debts (+€1.6m)
- Tangible fixed assets +€733,031
up €733,031 (+31.3%), from €2.3m to €3.1m
of which Plant, machinery and equipment: +€667,212
Equity and liabilities
- Other debts +€1.6m
up €1.6m (+72.4%), from €2.2m to €3.7m
- Profit (loss) carried forward +€885,678
up €885,678 (+23.7%), from €3.7m to €4.6m
- Tax, wage and social debts +€675,941
up €675,941 (+44.2%), from €1.5m to €2.2m
of which Taxes: +€630,294
- Trade debts +€634,067
up €634,067 (+126%), from €502,045 to €1.1m
- Debts after one year -€135,000
down €135,000 (-13.3%), from €1.0m to €877,500
Income statement
- Staff costs +€1.0m
up €1.0m (+18.2%), from €5.5m to €6.6m
- Gross operating margin +€978,116
up €978,116 (+10.9%), from €9.0m to €10.0m
- Other operating charges -€179,882
down €179,882 (-89.4%), from €201,296 to €21,414
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
€2.1m
Gross operating margin
+€978,116
Staff costs
-€1.0m
Depreciation
+€1,154
Write-downs
+€2,198
Other operating charges
+€179,882
Financial income
+€96,550
Financial charges
+€881
Taxes
+€71,808
Result 2025
€2.5m
raises the resultlowers the result
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.
From operations
+€3.8m
Investment
-€1.0m
Financing
-€1.6m
Cash 2024
€1.7m
From operations (derived)
+€3.8m
Net result for the year
+€2.5m
Depreciation
+€330,265
Stocks and contracts
+€27,184
Receivables within one year
-€1.8m
Provisions
-€93,374
Trade debts
+€634,067
Tax, wage and social debts
+€675,941
Other debts
+€1.6m
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
-€1.6m
Debts after one year
-€135,000
Current portion of long-term debt
+€4,025
Contributions, distributions and other
-€1.5m
Cash 2025
€2.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,391,443 | €13,000,351 | +€3.6m | +38.4% |
| Fixed assets | 21/28 | €2,395,862 | €3,084,476 | +€688,614 | +28.7% |
| Intangible fixed assets | 21 | €2,359 | €22 | -€2,337 | -99.1% |
| Tangible fixed assets | 22/27 | €2,339,485 | €3,072,516 | +€733,031 | +31.3% |
| Land and buildings | 22 | €1,594,723 | €1,628,413 | +€33,690 | +2.1% |
| Plant, machinery and equipment | 23 | €218,551 | €885,763 | +€667,212 | +305% |
| Furniture and vehicles | 24 | €520,211 | €552,340 | +€32,129 | +6.2% |
| Assets under construction and advance payments | 27 | €6,000 | €6,000 | = | 0.0% |
| Financial fixed assets | 28 | €54,018 | €11,938 | -€42,080 | -77.9% |
| Current assets | 29/58 | €6,995,581 | €9,915,875 | +€2.9m | +41.7% |
| Stocks and contracts in progress | 3 | €2,005,494 | €1,978,310 | -€27,184 | -1.4% |
| Stocks | 30/36 | €2,005,494 | €1,978,310 | -€27,184 | -1.4% |
| Amounts receivable within one year | 40/41 | €3,294,728 | €5,052,640 | +€1.8m | +53.4% |
| Trade receivables | 40 | €2,328,884 | €3,602,035 | +€1.3m | +54.7% |
| Other amounts receivable | 41 | €965,844 | €1,450,605 | +€484,761 | +50.2% |
| Cash at bank and in hand | 54/58 | €1,695,359 | €2,884,925 | +€1.2m | +70.2% |
| Total equity and liabilities | 10/49 | €9,391,443 | €13,000,351 | +€3.6m | +38.4% |
| Equity | 10/15 | €4,018,383 | €4,980,974 | +€962,591 | +24.0% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Capital | 10 | €31,000 | €31,000 | = | 0.0% |
| Issued capital | 100 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €232,950 | €306,050 | +€73,100 | +31.4% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Legal reserve | 130 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €229,850 | €302,950 | +€73,100 | +31.8% |
| Profit (loss) carried forward | 14 | €3,733,731 | €4,619,409 | +€885,678 | +23.7% |
| Investment grants | 15 | €20,702 | €24,515 | +€3,813 | +18.4% |
| Provisions and deferred taxes | 16 | €172,152 | €78,778 | -€93,374 | -54.2% |
| Provisions for liabilities and charges | 160/5 | €172,152 | €78,778 | -€93,374 | -54.2% |
| Other liabilities and charges | 164/5 | €172,152 | €78,778 | -€93,374 | -54.2% |
| Amounts payable | 17/49 | €5,200,908 | €7,940,599 | +€2.7m | +52.7% |
| Amounts payable after more than one year | 17 | €1,012,500 | €877,500 | -€135,000 | -13.3% |
| Financial debts | 170/4 | €1,012,500 | €877,500 | -€135,000 | -13.3% |
| Amounts payable within one year | 42/48 | €4,188,408 | €7,063,099 | +€2.9m | +68.6% |
| Current portion of amounts payable after more than one year | 42 | €1,260 | €5,285 | +€4,025 | +319% |
| Trade debts | 44 | €502,045 | €1,136,112 | +€634,067 | +126% |
| Suppliers | 440/4 | €502,045 | €1,136,112 | +€634,067 | +126% |
| Taxes, remuneration and social security | 45 | €1,529,480 | €2,205,421 | +€675,941 | +44.2% |
| Taxes | 450/3 | €1,311,509 | €1,941,803 | +€630,294 | +48.1% |
| Remuneration and social security | 454/9 | €217,971 | €263,618 | +€45,647 | +20.9% |
| Other amounts payable | 47/48 | €2,155,623 | €3,716,281 | +€1.6m | +72.4% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €5,549,802 | €6,557,779 | +€1.0m | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331,419 | €330,265 | -€1,154 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,021 | €2,823 | -€2,198 | -43.8% |
| Other operating charges | 640/8 | €201,296 | €21,414 | -€179,882 | -89.4% |
| Gross operating margin | 9900 | €8,978,270 | €9,956,386 | +€978,116 | +10.9% |
| Operating profit (loss) | 9901 | €2,890,732 | €3,044,105 | +€153,373 | +5.3% |
| Financial income | 75/76B | €195,192 | €291,742 | +€96,550 | +49.5% |
| Recurring financial income | 75 | €195,192 | €291,742 | +€96,550 | +49.5% |
| Financial charges | 65/66B | €203,549 | €202,668 | -€881 | -0.4% |
| Recurring financial charges | 65 | €203,549 | €202,668 | -€881 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €2,882,375 | €3,133,179 | +€250,804 | +8.7% |
| Income taxes | 67/77 | €746,210 | €674,402 | -€71,808 | -9.6% |
| Profit (loss) for the period | 9904 | €2,136,165 | €2,458,777 | +€322,612 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,136,165 | €2,458,777 | +€322,612 | +15.1% |
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 22 October 2026 via checked.be.