HEAT & COOL Services: 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 & COOL Services
Largest movements
- Cash -€7,835
down €7,835 (-87.5%), from €8,959 to €1,124
mainly Net result for the year (-€9,934) and Debts after one year (-€1,973)
- Tangible fixed assets -€2,354
down €2,354 (-27.4%), from €8,592 to €6,238
of which Furniture and vehicles: -€2,200
- Stocks and contracts -€1,085
down €1,085 (-29.3%), from €3,700 to €2,615
- Receivables within one year +€585
up €585 (+166%), from €351 to €936
of which Trade receivables: +€757
- Profit (loss) carried forward -€7,637
new in 2024: -€7,637
- Reserves -€2,296
down €2,296 (-27.4%), from €8,393 to €6,097
- Debts after one year -€1,973
down €1,973 (-35.5%), from €5,559 to €3,586
- Trade debts +€1,144
new in 2024: €1,144
- Gross operating margin -€13,823
down €13,823, from €6,682 to -€7,142
- Depreciation +€1,449
up €1,449 (+160%), from €905 to €2,354
- Taxes -€1,418
no longer reported in 2024 (was €1,418)
- Other operating charges -€213
no longer reported in 2024 (was €213)
- Financial charges +€130
up €130 (+35.1%), from €371 to €502
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,602 | €10,962 | -€10,640 | -49.3% |
| Fixed assets | 21/28 | €8,592 | €6,238 | -€2,354 | -27.4% |
| Tangible fixed assets | 22/27 | €8,592 | €6,238 | -€2,354 | -27.4% |
| Plant, machinery and equipment | 23 | €544 | €390 | -€154 | -28.3% |
| Furniture and vehicles | 24 | €8,048 | €5,848 | -€2,200 | -27.3% |
| Current assets | 29/58 | €13,010 | €4,725 | -€8,286 | -63.7% |
| Stocks and contracts in progress | 3 | €3,700 | €2,615 | -€1,085 | -29.3% |
| Stocks | 30/36 | €3,700 | €2,615 | -€1,085 | -29.3% |
| Amounts receivable within one year | 40/41 | €351 | €936 | +€585 | +166% |
| Trade receivables | 40 | - | €757 | +€757 | |
| Other amounts receivable | 41 | €351 | €179 | -€172 | -48.9% |
| Cash at bank and in hand | 54/58 | €8,959 | €1,124 | -€7,835 | -87.5% |
| Deferred charges and accrued income | 490/1 | - | €50 | +€50 | |
| Total equity and liabilities | 10/49 | €21,602 | €10,962 | -€10,640 | -49.3% |
| Equity | 10/15 | €12,393 | €2,459 | -€9,934 | -80.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €8,393 | €6,097 | -€2,296 | -27.4% |
| Distributable reserves | 133 | €8,393 | €6,097 | -€2,296 | -27.4% |
| Profit (loss) carried forward | 14 | - | -€7,637 | -€7,637 | |
| Amounts payable | 17/49 | €9,209 | €8,503 | -€706 | -7.7% |
| Amounts payable after more than one year | 17 | €5,559 | €3,586 | -€1,973 | -35.5% |
| Financial debts | 170/4 | €5,559 | €3,586 | -€1,973 | -35.5% |
| Amounts payable within one year | 42/48 | €3,650 | €4,917 | +€1,267 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €1,850 | €1,973 | +€123 | +6.7% |
| Trade debts | 44 | - | €1,144 | +€1,144 | |
| Suppliers | 440/4 | - | €1,144 | +€1,144 | |
| Taxes, remuneration and social security | 45 | €1,418 | €1,418 | = | 0.0% |
| Taxes | 450/3 | €1,418 | €1,418 | = | 0.0% |
| Other amounts payable | 47/48 | €381 | €381 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €905 | €2,354 | +€1,449 | +160% |
| Other operating charges | 640/8 | €213 | - | -€213 | |
| Gross operating margin | 9900 | €6,682 | -€7,142 | -€13,823 | |
| Operating profit (loss) | 9901 | €5,564 | -€9,495 | -€15,059 | |
| Financial income | 75/76B | €8 | €63 | +€56 | +734% |
| Recurring financial income | 75 | €8 | €63 | +€56 | +734% |
| Financial charges | 65/66B | €371 | €502 | +€130 | +35.1% |
| Recurring financial charges | 65 | €371 | €502 | +€130 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €5,200 | -€9,934 | -€15,134 | |
| Income taxes | 67/77 | €1,418 | - | -€1,418 | |
| Profit (loss) for the period | 9904 | €3,782 | -€9,934 | -€13,716 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,782 | -€9,934 | -€13,716 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.