HEAT CONTROL: what changed
Two fiscal 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
HEAT CONTROL
NACE 80.090, Investigation and security activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€166,893
2023 · €167,475-€582
Equity
€767,700
2023 · €648,918+€118,783
Cash
€161,627
2023 · €265,733-€104,106
Balance sheet total
€1.2m
2023 · €1.1m+€111,631
Largest movements
Assets
- Current investments +€150,000
new in 2024: €150,000
- Cash -€104,106
down €104,106 (-39.2%), from €265,733 to €161,627
mainly Investment in fixed assets (net) (-€154,594) and Current investments (-€150,000)
- Tangible fixed assets +€67,485
up €67,485 (+11.6%), from €580,922 to €648,407
of which Furniture and vehicles: +€78,917
Equity and liabilities
- Reserves +€118,783
up €118,783 (+18.8%), from €630,368 to €749,150
Income statement
- Gross operating margin +€53,376
up €53,376 (+12.3%), from €434,662 to €488,038
- Staff costs +€45,692
up €45,692 (+44.0%), from €103,959 to €149,651
- Depreciation +€15,448
up €15,448 (+21.6%), from €71,661 to €87,109
- Financial income +€5,730
up €5,730 (+189.2%), from €3,029 to €8,759
From the 2023 result to the 2024 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 2023
€167,475
Gross operating margin
+€53,376
Staff costs
-€45,692
Depreciation
-€15,448
Other operating charges
-€362
Other operating items
+€418
Financial income
+€5,730
Financial charges
-€1,243
Taxes
+€2,638
Result 2024
€166,893
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€250,775
Investment
-€304,594
Financing
-€50,286
Cash 2023
€265,733
From operations (derived)
+€250,775
Net result for the year
+€166,893
Depreciation
+€87,109
Stocks and contracts
-€3,003
Receivables within one year
+€3,008
Deferred charges and accrued income
+€1,744
Trade debts
+€1,402
Tax, wage and social debts
-€6,013
Accrued charges and deferred income
-€364
Investment (derived)
-€304,594
Investment in fixed assets (net)
-€154,594
Current investments
-€150,000
Financing
-€50,286
Debts after one year
-€12,328
Current portion of long-term debt
+€10,152
Contributions, distributions and other
-€48,110
Cash 2024
€161,627
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,131,035 | €1,242,666 | +€111,631 | +9.9% |
| Fixed assets | 21/28 | €581,047 | €648,532 | +€67,485 | +11.6% |
| Tangible fixed assets | 22/27 | €580,922 | €648,407 | +€67,485 | +11.6% |
| Land and buildings | 22 | €515,931 | €500,643 | -€15,288 | -3.0% |
| Plant, machinery and equipment | 23 | €869 | €4,724 | +€3,855 | +443.6% |
| Furniture and vehicles | 24 | €64,122 | €143,039 | +€78,917 | +123.1% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €549,988 | €594,134 | +€44,147 | +8.0% |
| Stocks and contracts in progress | 3 | €14,736 | €17,740 | +€3,003 | +20.4% |
| Stocks | 30/36 | €14,736 | €17,740 | +€3,003 | +20.4% |
| Amounts receivable within one year | 40/41 | €261,831 | €258,823 | -€3,008 | -1.1% |
| Trade receivables | 40 | €256,471 | €229,003 | -€27,468 | -10.7% |
| Other amounts receivable | 41 | €5,360 | €29,820 | +€24,460 | +456.3% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €265,733 | €161,627 | -€104,106 | -39.2% |
| Deferred charges and accrued income | 490/1 | €7,688 | €5,944 | -€1,744 | -22.7% |
| Total equity and liabilities | 10/49 | €1,131,035 | €1,242,666 | +€111,631 | +9.9% |
| Equity | 10/15 | €648,918 | €767,700 | +€118,783 | +18.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €630,368 | €749,150 | +€118,783 | +18.8% |
| Distributable reserves | 133 | €630,368 | €749,150 | +€118,783 | +18.8% |
| Provisions and deferred taxes | 16 | €20,000 | €20,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €462,117 | €454,966 | -€7,151 | -1.5% |
| Amounts payable after more than one year | 17 | €201,703 | €189,375 | -€12,328 | -6.1% |
| Financial debts | 170/4 | €201,703 | €189,375 | -€12,328 | -6.1% |
| Amounts payable within one year | 42/48 | €259,650 | €265,191 | +€5,541 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €67,977 | €78,129 | +€10,152 | +14.9% |
| Trade debts | 44 | €60,176 | €61,578 | +€1,402 | +2.3% |
| Suppliers | 440/4 | €60,176 | €61,578 | +€1,402 | +2.3% |
| Taxes, remuneration and social security | 45 | €131,496 | €125,484 | -€6,013 | -4.6% |
| Taxes | 450/3 | €113,867 | €90,992 | -€22,875 | -20.1% |
| Remuneration and social security | 454/9 | €17,629 | €34,492 | +€16,863 | +95.7% |
| Accrued charges and deferred income | 492/3 | €764 | €400 | -€364 | -47.7% |
| Non-recurring operating income | 76A | €4,545 | - | -€4,545 | |
| Remuneration, social security and pensions | 62 | €103,959 | €149,651 | +€45,692 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,661 | €87,109 | +€15,448 | +21.6% |
| Other operating charges | 640/8 | €6,773 | €7,135 | +€362 | +5.3% |
| Non-recurring operating charges | 66A | €418 | - | -€418 | |
| Gross operating margin | 9900 | €434,662 | €488,038 | +€53,376 | +12.3% |
| Operating profit (loss) | 9901 | €251,851 | €244,144 | -€7,707 | -3.1% |
| Financial income | 75/76B | €3,029 | €8,759 | +€5,730 | +189.2% |
| Recurring financial income | 75 | €3,029 | €8,759 | +€5,730 | +189.2% |
| Financial charges | 65/66B | €8,818 | €10,060 | +€1,243 | +14.1% |
| Recurring financial charges | 65 | €8,818 | €10,060 | +€1,243 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €246,062 | €242,842 | -€3,220 | -1.3% |
| Income taxes | 67/77 | €78,588 | €75,949 | -€2,638 | -3.4% |
| Profit (loss) for the period | 9904 | €167,475 | €166,893 | -€582 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €167,475 | €166,893 | -€582 | -0.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.