ECO HEATING: what changed
What changed
ECO HEATING
NACE 33.200, Installation of industrial machinery and equipment
filed annual accounts (NBB)
Net result for the year
€132,893
2024 · €717,525-€584,633
Equity
€2.2m
2024 · €2.0m+€132,893
Cash
€592,685
2024 · €696,499-€103,814
Balance sheet total
€7.2m
2024 · €7.9m-€682,258
Largest movements
Assets
- Current investments -€380,000
down €380,000 (-100%), from €380,000 to €0
- Deferred charges and accrued income +€202,118
up €202,118 (+2,940%), from €6,874 to €208,992
- Tangible fixed assets -€195,481
down €195,481 (-14.3%), from €1.4m to €1.2m
of which Furniture and vehicles: -€120,911
- Receivables within one year -€146,728
down €146,728 (-5.3%), from €2.8m to €2.6m
of which Other amounts receivable: -€103,618
- Stocks and contracts -€108,903
down €108,903 (-7.5%), from €1.4m to €1.3m
Equity and liabilities
- Provisions -€295,504
down €295,504 (-21.3%), from €1.4m to €1.1m
- Short-term financial debts -€200,000
down €200,000 (-28.6%), from €700,000 to €500,000
- Debts after one year -€186,070
down €186,070 (-20.2%), from €923,309 to €737,238
- Profit (loss) carried forward +€132,893
up €132,893 (+6.7%), from €2.0m to €2.1m
- Other debts -€88,867
down €88,867 (-100%), from €88,867 to €0
Income statement
- Turnover -€4.1m
down €4.1m (-30.6%), from €13.4m to €9.3m
- Goods and materials -€3.0m
down €3.0m (-32.6%), from €9.1m to €6.1m
of which Purchases: -€3.7m
- Staff costs +€251,026
up €251,026 (+18.4%), from €1.4m to €1.6m
- Taxes -€194,938
down €194,938 (-76.8%), from €253,765 to €58,827
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
€717,525
Turnover
-€4.1m
Other operating income
-€2,841
Goods and materials
+€3.0m
Services and other goods
+€51,497
Staff costs
-€251,026
Depreciation
+€8,870
Provisions
+€115,610
Other operating charges
-€22,007
Other operating items
+€473,418
Financial income
+€768
Financial charges
-€10,319
Taxes
+€194,938
Result 2025
€132,893
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
-€28,839
Investment
+€324,663
Financing
-€399,638
Cash 2024
€696,499
From operations (derived)
-€28,839
Net result for the year
+€132,893
Depreciation
+€200,268
Stocks and contracts
+€108,903
Receivables within one year
+€146,728
Deferred charges and accrued income
-€202,118
Provisions
-€295,504
Trade debts
-€79,655
Tax, wage and social debts
+€56,251
Advances received
-€7,737
Other debts
-€88,867
Investment (derived)
+€324,663
Investment in fixed assets (net)
-€55,337
Current investments
+€380,000
Financing
-€399,638
Debts after one year
-€186,070
Current portion of long-term debt
-€13,567
Short-term financial debts
-€200,000
Cash 2025
€592,685
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,878,666 | €7,196,408 | -€682,258 | -8.7% |
| Fixed assets | 21/28 | €2,571,642 | €2,426,711 | -€144,931 | -5.6% |
| Intangible fixed assets | 21 | €675 | €0 | -€675 | -100% |
| Tangible fixed assets | 22/27 | €1,365,215 | €1,169,735 | -€195,481 | -14.3% |
| Land and buildings | 22 | €1,076,172 | €1,010,239 | -€65,933 | -6.1% |
| Plant, machinery and equipment | 23 | €19,662 | €11,025 | -€8,637 | -43.9% |
| Furniture and vehicles | 24 | €269,381 | €148,470 | -€120,911 | -44.9% |
| Financial fixed assets | 28 | €1,205,752 | €1,256,977 | +€51,225 | +4.2% |
| Affiliated companies | 280/1 | €1,203,752 | €1,253,752 | +€50,000 | +4.2% |
| Participating interests | 280 | €824,947 | €824,947 | = | 0.0% |
| Amounts receivable | 281 | €378,805 | €428,805 | +€50,000 | +13.2% |
| Other financial fixed assets | 284/8 | €2,000 | €3,225 | +€1,225 | +61.3% |
| Shares | 284 | - | €1,225 | +€1,225 | |
| Amounts receivable and cash guarantees | 285/8 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €5,307,024 | €4,769,697 | -€537,327 | -10.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,443,326 | €1,334,423 | -€108,903 | -7.5% |
| Stocks | 30/36 | €1,443,326 | €1,334,423 | -€108,903 | -7.5% |
| Raw materials and consumables | 30/31 | €1,443,326 | €1,334,423 | -€108,903 | -7.5% |
| Amounts receivable within one year | 40/41 | €2,780,324 | €2,633,596 | -€146,728 | -5.3% |
| Trade receivables | 40 | €2,341,899 | €2,298,789 | -€43,110 | -1.8% |
| Other amounts receivable | 41 | €438,425 | €334,808 | -€103,618 | -23.6% |
| Current investments | 50/53 | €380,000 | €0 | -€380,000 | -100% |
| Other investments | 51/53 | €380,000 | €0 | -€380,000 | -100% |
| Cash at bank and in hand | 54/58 | €696,499 | €592,685 | -€103,814 | -14.9% |
| Deferred charges and accrued income | 490/1 | €6,874 | €208,992 | +€202,118 | +2,940% |
| Total equity and liabilities | 10/49 | €7,878,666 | €7,196,408 | -€682,258 | -8.7% |
| Equity | 10/15 | €2,021,791 | €2,154,684 | +€132,893 | +6.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €16,064 | €16,064 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,064 | €14,064 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,985,727 | €2,118,619 | +€132,893 | +6.7% |
| Provisions and deferred taxes | 16 | €1,385,109 | €1,089,605 | -€295,504 | -21.3% |
| Provisions for liabilities and charges | 160/5 | €1,385,109 | €1,089,605 | -€295,504 | -21.3% |
| Other liabilities and charges | 164/5 | €1,385,109 | €1,089,605 | -€295,504 | -21.3% |
| Amounts payable | 17/49 | €4,471,766 | €3,952,120 | -€519,646 | -11.6% |
| Amounts payable after more than one year | 17 | €923,309 | €737,238 | -€186,070 | -20.2% |
| Financial debts | 170/4 | €923,309 | €737,238 | -€186,070 | -20.2% |
| Credit institutions | 173 | €923,309 | €737,238 | -€186,070 | -20.2% |
| Amounts payable within one year | 42/48 | €3,548,457 | €3,214,882 | -€333,576 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €199,638 | €186,070 | -€13,567 | -6.8% |
| Financial debts | 43 | €700,000 | €500,000 | -€200,000 | -28.6% |
| Credit institutions | 430/8 | €700,000 | €500,000 | -€200,000 | -28.6% |
| Trade debts | 44 | €1,788,234 | €1,708,578 | -€79,655 | -4.5% |
| Suppliers | 440/4 | €1,788,234 | €1,708,578 | -€79,655 | -4.5% |
| Advances received on contracts in progress | 46 | €628,927 | €621,190 | -€7,737 | -1.2% |
| Taxes, remuneration and social security | 45 | €142,792 | €199,043 | +€56,251 | +39.4% |
| Taxes | 450/3 | €2,586 | €8,594 | +€6,009 | +232% |
| Remuneration and social security | 454/9 | €140,206 | €190,449 | +€50,242 | +35.8% |
| Other amounts payable | 47/48 | €88,867 | €0 | -€88,867 | -100% |
| Operating income | 70/76A | €13,531,651 | €9,907,062 | -€3.6m | -26.8% |
| Turnover | 70 | €13,434,551 | €9,324,782 | -€4.1m | -30.6% |
| Other operating income | 74 | €81,278 | €78,437 | -€2,841 | -3.5% |
| Non-recurring operating income | 76A | €15,822 | €503,843 | +€488,021 | +3,084% |
| Operating charges | 60/66A | €12,531,608 | €9,677,039 | -€2.9m | -22.8% |
| Goods for resale, raw materials and consumables | 60 | €9,097,110 | €6,130,882 | -€3.0m | -32.6% |
| Purchases | 600/8 | €9,735,936 | €6,021,979 | -€3.7m | -38.1% |
| Change in stocks: decrease (increase) | 609 | -€638,826 | €108,903 | +€747,729 | |
| Services and other goods | 61 | €1,536,987 | €1,485,490 | -€51,497 | -3.4% |
| Remuneration, social security and pensions | 62 | €1,364,886 | €1,615,911 | +€251,026 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,138 | €200,268 | -€8,870 | -4.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €297,106 | €181,496 | -€115,610 | -38.9% |
| Other operating charges | 640/8 | €26,381 | €48,389 | +€22,007 | +83.4% |
| Non-recurring operating charges | 66A | - | €14,603 | +€14,603 | |
| Operating profit (loss) | 9901 | €1,000,043 | €230,023 | -€770,019 | -77.0% |
| Financial income | 75/76B | €137 | €905 | +€768 | +562% |
| Recurring financial income | 75 | €137 | €905 | +€768 | +562% |
| Income from current assets | 751 | €0 | €1 | +€1 | |
| Other financial income | 752/9 | €137 | €904 | +€767 | +562% |
| Financial charges | 65/66B | €28,889 | €39,208 | +€10,319 | +35.7% |
| Recurring financial charges | 65 | €28,889 | €39,208 | +€10,319 | +35.7% |
| Debt charges | 650 | €26,856 | €22,092 | -€4,764 | -17.7% |
| Other financial charges | 652/9 | €2,033 | €17,116 | +€15,084 | +742% |
| Profit (loss) for the period before taxes | 9903 | €971,290 | €191,720 | -€779,571 | -80.3% |
| Income taxes | 67/77 | €253,765 | €58,827 | -€194,938 | -76.8% |
| Taxes | 670/3 | €253,765 | €58,827 | -€194,938 | -76.8% |
| Profit (loss) for the period | 9904 | €717,525 | €132,893 | -€584,633 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €717,525 | €132,893 | -€584,633 | -81.5% |
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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 7 November 2026 via checked.be.