HEAT TECH CONSULT: 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 TECH CONSULT
Largest movements
- Receivables within one year +€44,454
up €44,454 (+430%), from €10,335 to €54,789
of which Trade receivables: +€43,627
- Cash +€14,765
up €14,765 (+109%), from €13,551 to €28,316
mainly Net result for the year (+€36,055) and Tax, wage and social debts (+€18,265)
- Tangible fixed assets +€7,595
new in 2025: €7,595
of which Furniture and vehicles: +€6,210
- Reserves +€36,055
up €36,055 (+319%), from €11,307 to €47,362
- Tax, wage and social debts +€18,265
up €18,265 (+364%), from €5,018 to €23,283
of which Taxes: +€12,936
- Trade debts +€12,668
up €12,668 (+254%), from €4,980 to €17,648
- Gross operating margin +€90,481
up €90,481 (+555%), from €16,300 to €106,780
- Staff costs +€56,267
new in 2025: €56,267
- Taxes +€7,291
up €7,291 (+157%), from €4,648 to €11,939
- Depreciation +€2,058
new in 2025: €2,058
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 | €26,496 | €93,935 | +€67,438 | +255% |
| Fixed assets | 21/28 | €2,610 | €10,205 | +€7,595 | +291% |
| Tangible fixed assets | 22/27 | - | €7,595 | +€7,595 | |
| Plant, machinery and equipment | 23 | - | €1,385 | +€1,385 | |
| Furniture and vehicles | 24 | - | €6,210 | +€6,210 | |
| Financial fixed assets | 28 | €2,610 | €2,610 | = | 0.0% |
| Current assets | 29/58 | €23,886 | €83,730 | +€59,843 | +251% |
| Amounts receivable within one year | 40/41 | €10,335 | €54,789 | +€44,454 | +430% |
| Trade receivables | 40 | €1,189 | €44,816 | +€43,627 | +3,669% |
| Other amounts receivable | 41 | €9,146 | €9,973 | +€827 | +9.0% |
| Cash at bank and in hand | 54/58 | €13,551 | €28,316 | +€14,765 | +109% |
| Deferred charges and accrued income | 490/1 | - | €625 | +€625 | |
| Total equity and liabilities | 10/49 | €26,496 | €93,935 | +€67,438 | +255% |
| Equity | 10/15 | €16,307 | €52,362 | +€36,055 | +221% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,307 | €47,362 | +€36,055 | +319% |
| Distributable reserves | 133 | €11,307 | €47,362 | +€36,055 | +319% |
| Amounts payable | 17/49 | €10,189 | €41,572 | +€31,383 | +308% |
| Amounts payable within one year | 42/48 | €9,997 | €40,930 | +€30,933 | +309% |
| Trade debts | 44 | €4,980 | €17,648 | +€12,668 | +254% |
| Suppliers | 440/4 | €4,980 | €17,648 | +€12,668 | +254% |
| Taxes, remuneration and social security | 45 | €5,018 | €23,283 | +€18,265 | +364% |
| Taxes | 450/3 | €5,018 | €17,954 | +€12,936 | +258% |
| Remuneration and social security | 454/9 | - | €5,329 | +€5,329 | |
| Accrued charges and deferred income | 492/3 | €192 | €642 | +€450 | +235% |
| Remuneration, social security and pensions | 62 | - | €56,267 | +€56,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,058 | +€2,058 | |
| Other operating charges | 640/8 | €321 | €289 | -€32 | -10.0% |
| Gross operating margin | 9900 | €16,300 | €106,780 | +€90,481 | +555% |
| Operating profit (loss) | 9901 | €15,979 | €48,167 | +€32,188 | +201% |
| Financial income | 75/76B | €0 | €4 | +€4 | +21,100% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +21,100% |
| Financial charges | 65/66B | €24 | €177 | +€153 | +638% |
| Recurring financial charges | 65 | €24 | €177 | +€153 | +638% |
| Profit (loss) for the period before taxes | 9903 | €15,955 | €47,994 | +€32,039 | +201% |
| Income taxes | 67/77 | €4,648 | €11,939 | +€7,291 | +157% |
| Profit (loss) for the period | 9904 | €11,307 | €36,055 | +€24,748 | +219% |
| Profit (loss) for the period to be appropriated | 9905 | €11,307 | €36,055 | +€24,748 | +219% |
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 29 October 2026 via checked.be.