Heat-it: 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-it
Largest movements
- Tangible fixed assets +€88,318
up €88,318 (+1317.7%), from €6,702 to €95,021
- Cash -€47,127
down €47,127 (-25.8%), from €182,519 to €135,392
mainly Investment in fixed assets (net) (-€111,038) and Contributions, distributions and other (-€40,000)
- Receivables within one year -€24,189
down €24,189 (-42.8%), from €56,488 to €32,299
of which Other amounts receivable: -€23,591
- Debts after one year +€30,000
up €30,000, from €0 to €30,000
- Reserves -€27,441
down €27,441 (-12.0%), from €228,232 to €200,791
- Accrued charges and deferred income +€9,960
up €9,960, from €0 to €9,960
- Current portion of long-term debt +€8,791
up €8,791 (+726.9%), from €1,209 to €10,000
- Depreciation +€20,644
up €20,644 (+994.3%), from €2,076 to €22,720
- Other operating charges -€4,172
down €4,172 (-57.0%), from €7,322 to €3,150
- Gross operating margin +€1,462
up €1,462 (+3.3%), from €44,409 to €45,871
- Taxes -€557
down €557 (-7.8%), from €7,100 to €6,543
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.
Cash bridge derived
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 | €252,171 | €271,724 | +€19,553 | +7.8% |
| Fixed assets | 21/28 | €6,702 | €95,021 | +€88,318 | +1317.7% |
| Tangible fixed assets | 22/27 | €6,702 | €95,021 | +€88,318 | +1317.7% |
| Furniture and vehicles | 24 | €6,702 | €95,021 | +€88,318 | +1317.7% |
| Current assets | 29/58 | €245,468 | €176,704 | -€68,765 | -28.0% |
| Stocks and contracts in progress | 3 | €5,000 | €5,500 | +€500 | +10.0% |
| Stocks | 30/36 | €5,000 | €5,500 | +€500 | +10.0% |
| Amounts receivable within one year | 40/41 | €56,488 | €32,299 | -€24,189 | -42.8% |
| Trade receivables | 40 | €9,991 | €9,394 | -€597 | -6.0% |
| Other amounts receivable | 41 | €46,497 | €22,906 | -€23,591 | -50.7% |
| Cash at bank and in hand | 54/58 | €182,519 | €135,392 | -€47,127 | -25.8% |
| Deferred charges and accrued income | 490/1 | €1,462 | €3,513 | +€2,051 | +140.3% |
| Total equity and liabilities | 10/49 | €252,171 | €271,724 | +€19,553 | +7.8% |
| Equity | 10/15 | €248,232 | €220,791 | -€27,441 | -11.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €228,232 | €200,791 | -€27,441 | -12.0% |
| Distributable reserves | 133 | €228,232 | €200,791 | -€27,441 | -12.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,939 | €50,933 | +€46,994 | +1193.2% |
| Amounts payable after more than one year | 17 | €0 | €30,000 | +€30,000 | |
| Financial debts | 170/4 | €0 | €30,000 | +€30,000 | |
| Amounts payable within one year | 42/48 | €3,939 | €10,972 | +€7,034 | +178.6% |
| Current portion of amounts payable after more than one year | 42 | €1,209 | €10,000 | +€8,791 | +726.9% |
| Trade debts | 44 | €2,729 | €972 | -€1,757 | -64.4% |
| Suppliers | 440/4 | €2,729 | €972 | -€1,757 | -64.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €9,960 | +€9,960 | |
| Remuneration, social security and pensions | 62 | €201 | - | -€201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,076 | €22,720 | +€20,644 | +994.3% |
| Other operating charges | 640/8 | €7,322 | €3,150 | -€4,172 | -57.0% |
| Gross operating margin | 9900 | €44,409 | €45,871 | +€1,462 | +3.3% |
| Operating profit (loss) | 9901 | €34,809 | €20,001 | -€14,808 | -42.5% |
| Financial income | 75/76B | €0 | €7 | +€7 | +69900.0% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +69900.0% |
| Financial charges | 65/66B | €477 | €906 | +€429 | +90.0% |
| Recurring financial charges | 65 | €477 | €906 | +€429 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | €34,333 | €19,103 | -€15,230 | -44.4% |
| Income taxes | 67/77 | €7,100 | €6,543 | -€557 | -7.8% |
| Profit (loss) for the period | 9904 | €27,232 | €12,559 | -€14,673 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,232 | €12,559 | -€14,673 | -53.9% |
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 10 October 2026 via checked.be.