Heat Solution: 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 Solution
Largest movements
- Receivables within one year -€16,225
down €16,225 (-66.7%), from €24,328 to €8,102
of which Trade receivables: -€8,785
- Tangible fixed assets -€3,354
down €3,354 (-40.0%), from €8,384 to €5,030
of which Furniture and vehicles: -€2,417
- Cash -€424
down €424 (-73.3%), from €578 to €155
mainly Net result for the year (-€9,431) and Trade debts (-€9,346)
- Profit (loss) carried forward -€10,435
down €10,435 (-74.1%), from €14,076 to €3,641
- Trade debts -€9,346
down €9,346 (-78.1%), from €11,973 to €2,627
- Gross operating margin -€23,369
down €23,369, from €20,111 to -€3,258
- Taxes -€3,711
down €3,711 (-100.0%), from €3,711 to €0
- Depreciation +€1,677
up €1,677 (+100.0%), from €1,677 to €3,354
- Financial charges +€1,417
up €1,417 (+6518.8%), from €22 to €1,438
- Other operating charges +€755
up €755 (+120.5%), from €626 to €1,381
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 | €33,290 | €13,287 | -€20,003 | -60.1% |
| Fixed assets | 21/28 | €8,384 | €5,030 | -€3,354 | -40.0% |
| Tangible fixed assets | 22/27 | €8,384 | €5,030 | -€3,354 | -40.0% |
| Plant, machinery and equipment | 23 | €2,342 | €1,405 | -€937 | -40.0% |
| Furniture and vehicles | 24 | €6,042 | €3,625 | -€2,417 | -40.0% |
| Current assets | 29/58 | €24,906 | €8,257 | -€16,649 | -66.8% |
| Amounts receivable within one year | 40/41 | €24,328 | €8,102 | -€16,225 | -66.7% |
| Trade receivables | 40 | €8,785 | €0 | -€8,785 | -100.0% |
| Other amounts receivable | 41 | €15,542 | €8,102 | -€7,440 | -47.9% |
| Cash at bank and in hand | 54/58 | €578 | €155 | -€424 | -73.3% |
| Total equity and liabilities | 10/49 | €33,290 | €13,287 | -€20,003 | -60.1% |
| Equity | 10/15 | €17,076 | €6,641 | -€10,435 | -61.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,076 | €3,641 | -€10,435 | -74.1% |
| Amounts payable | 17/49 | €16,214 | €6,646 | -€9,568 | -59.0% |
| Amounts payable within one year | 42/48 | €16,214 | €6,646 | -€9,568 | -59.0% |
| Trade debts | 44 | €11,973 | €2,627 | -€9,346 | -78.1% |
| Suppliers | 440/4 | €11,973 | €2,627 | -€9,346 | -78.1% |
| Taxes, remuneration and social security | 45 | €4,241 | €4,019 | -€222 | -5.2% |
| Taxes | 450/3 | €4,241 | €1,799 | -€2,442 | -57.6% |
| Remuneration and social security | 454/9 | - | €2,220 | +€2,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,677 | €3,354 | +€1,677 | +100.0% |
| Other operating charges | 640/8 | €626 | €1,381 | +€755 | +120.5% |
| Gross operating margin | 9900 | €20,111 | -€3,258 | -€23,369 | |
| Operating profit (loss) | 9901 | €17,808 | -€7,992 | -€25,801 | |
| Financial charges | 65/66B | €22 | €1,438 | +€1,417 | +6518.8% |
| Recurring financial charges | 65 | €22 | €1,438 | +€1,417 | +6518.8% |
| Profit (loss) for the period before taxes | 9903 | €17,787 | -€9,431 | -€27,217 | |
| Income taxes | 67/77 | €3,711 | €0 | -€3,711 | -100.0% |
| Profit (loss) for the period | 9904 | €14,076 | -€9,431 | -€23,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,076 | -€9,431 | -€23,506 |
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 11 October 2026 via checked.be.