Heat 4T° Solutions: 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.
Heat 4T° Solutions
Largest movements
- Cash -€55,002
down €55,002 (-44.4%), from €123,952 to €68,950
mainly Net result for the year (-€68,292) and Receivables within one year (-€13,995)
- Intangible fixed assets -€27,000
down €27,000 (-10.0%), from €270,000 to €243,000
- Receivables within one year +€13,995
up €13,995 (+718%), from €1,948 to €15,943
of which Trade receivables: +€9,582
- Stocks and contracts +€4,377
new in 2025: €4,377
- Profit (loss) carried forward -€68,292
down €68,292 (-584%), from -€11,693 to -€79,985
- Trade debts +€5,200
up €5,200 (+68.5%), from €7,594 to €12,794
- Gross operating margin -€29,199
down €29,199 (-250%), from -€11,693 to -€40,892
- Depreciation +€27,000
new in 2025: €27,000
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 | €395,901 | €333,146 | -€62,755 | -15.9% |
| Fixed assets | 21/28 | €270,000 | €243,000 | -€27,000 | -10.0% |
| Intangible fixed assets | 21 | €270,000 | €243,000 | -€27,000 | -10.0% |
| Current assets | 29/58 | €125,901 | €90,146 | -€35,755 | -28.4% |
| Stocks and contracts in progress | 3 | - | €4,377 | +€4,377 | |
| Stocks | 30/36 | - | €4,377 | +€4,377 | |
| Amounts receivable within one year | 40/41 | €1,948 | €15,943 | +€13,995 | +718% |
| Trade receivables | 40 | €1,948 | €11,530 | +€9,582 | +492% |
| Other amounts receivable | 41 | - | €4,413 | +€4,413 | |
| Cash at bank and in hand | 54/58 | €123,952 | €68,950 | -€55,002 | -44.4% |
| Deferred charges and accrued income | 490/1 | - | €876 | +€876 | |
| Total equity and liabilities | 10/49 | €395,901 | €333,146 | -€62,755 | -15.9% |
| Equity | 10/15 | €388,307 | €320,015 | -€68,292 | -17.6% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,693 | -€79,985 | -€68,292 | -584% |
| Amounts payable | 17/49 | €7,594 | €13,131 | +€5,537 | +72.9% |
| Amounts payable within one year | 42/48 | €7,594 | €13,131 | +€5,537 | +72.9% |
| Trade debts | 44 | €7,594 | €12,794 | +€5,200 | +68.5% |
| Suppliers | 440/4 | €7,594 | €12,794 | +€5,200 | +68.5% |
| Other amounts payable | 47/48 | - | €337 | +€337 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €27,000 | +€27,000 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€11,693 | -€40,892 | -€29,199 | -250% |
| Operating profit (loss) | 9901 | -€11,693 | -€68,292 | -€56,599 | -484% |
| Profit (loss) for the period before taxes | 9903 | -€11,693 | -€68,292 | -€56,599 | -484% |
| Profit (loss) for the period | 9904 | -€11,693 | -€68,292 | -€56,599 | -484% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,693 | -€68,292 | -€56,599 | -484% |
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 27 October 2026 via checked.be.