Heatech: 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.
Heatech
Largest movements
- Cash -€77,197
down €77,197 (-23.5%), from €327,845 to €250,648
mainly Contributions, distributions and other (-€500,000) and Investment in fixed assets (net) (-€74,795)
- Tangible fixed assets +€38,585
up €38,585 (+64.7%), from €59,667 to €98,252
of which Furniture and vehicles: +€48,114
- Receivables within one year +€26,798
up €26,798 (+13.0%), from €206,656 to €233,454
of which Trade receivables: +€16,424
- Intangible fixed assets -€8,000
down €8,000 (-35.8%), from €22,366 to €14,366
- Other debts +€141,095
up €141,095 (+43.8%), from €322,150 to €463,245
- Profit (loss) carried forward -€134,500
down €134,500 (-69.4%), from €193,747 to €59,247
- Trade debts -€23,906
down €23,906 (-27.3%), from €87,637 to €63,731
- Staff costs -€31,955
down €31,955 (-4.4%), from €733,399 to €701,444
- Depreciation +€12,850
up €12,850 (+41.0%), from €31,359 to €44,209
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 | €658,918 | €641,255 | -€17,663 | -2.7% |
| Fixed assets | 21/28 | €82,032 | €112,617 | +€30,585 | +37.3% |
| Intangible fixed assets | 21 | €22,366 | €14,366 | -€8,000 | -35.8% |
| Tangible fixed assets | 22/27 | €59,667 | €98,252 | +€38,585 | +64.7% |
| Plant, machinery and equipment | 23 | €25,435 | €15,907 | -€9,529 | -37.5% |
| Furniture and vehicles | 24 | €34,231 | €82,345 | +€48,114 | +140.6% |
| Current assets | 29/58 | €576,885 | €528,637 | -€48,248 | -8.4% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Contracts in progress | 37 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €206,656 | €233,454 | +€26,798 | +13.0% |
| Trade receivables | 40 | €180,752 | €197,176 | +€16,424 | +9.1% |
| Other amounts receivable | 41 | €25,904 | €36,278 | +€10,374 | +40.0% |
| Cash at bank and in hand | 54/58 | €327,845 | €250,648 | -€77,197 | -23.5% |
| Deferred charges and accrued income | 490/1 | €32,384 | €34,535 | +€2,151 | +6.6% |
| Total equity and liabilities | 10/49 | €658,918 | €641,255 | -€17,663 | -2.7% |
| Equity | 10/15 | €214,207 | €79,707 | -€134,500 | -62.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,747 | €59,247 | -€134,500 | -69.4% |
| Amounts payable | 17/49 | €444,710 | €561,548 | +€116,837 | +26.3% |
| Amounts payable after more than one year | 17 | €11,900 | €11,900 | = | 0.0% |
| Financial debts | 170/4 | €11,900 | €11,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €432,810 | €549,648 | +€116,837 | +27.0% |
| Trade debts | 44 | €87,637 | €63,731 | -€23,906 | -27.3% |
| Suppliers | 440/4 | €87,637 | €63,731 | -€23,906 | -27.3% |
| Taxes, remuneration and social security | 45 | €23,023 | €22,671 | -€352 | -1.5% |
| Taxes | 450/3 | €16,000 | - | -€16,000 | |
| Remuneration and social security | 454/9 | €7,023 | €22,671 | +€15,648 | +222.8% |
| Other amounts payable | 47/48 | €322,150 | €463,245 | +€141,095 | +43.8% |
| Remuneration, social security and pensions | 62 | €733,399 | €701,444 | -€31,955 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,359 | €44,209 | +€12,850 | +41.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,901 | - | -€4,901 | |
| Other operating charges | 640/8 | €2,659 | €2,777 | +€118 | +4.4% |
| Gross operating margin | 9900 | €1,228,776 | €1,238,789 | +€10,013 | +0.8% |
| Operating profit (loss) | 9901 | €456,457 | €490,359 | +€33,902 | +7.4% |
| Financial income | 75/76B | €2,217 | €1,504 | -€713 | -32.2% |
| Recurring financial income | 75 | €2,217 | €1,504 | -€713 | -32.2% |
| Financial charges | 65/66B | €1,203 | €2,030 | +€827 | +68.8% |
| Recurring financial charges | 65 | €755 | €2,030 | +€1,275 | +169.0% |
| Non-recurring financial charges | 66B | €448 | - | -€448 | |
| Profit (loss) for the period before taxes | 9903 | €457,472 | €489,833 | +€32,362 | +7.1% |
| Income taxes | 67/77 | €115,940 | €124,334 | +€8,394 | +7.2% |
| Profit (loss) for the period | 9904 | €341,532 | €365,500 | +€23,968 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €341,532 | €365,500 | +€23,968 | +7.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.