Heatechnics: 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.
Heatechnics
Largest movements
- Receivables within one year -€11,264
down €11,264 (-53.6%), from €21,011 to €9,747
of which Other amounts receivable: -€7,033
- Tangible fixed assets -€4,272
down €4,272 (-12.8%), from €33,484 to €29,212
- Cash -€1,970
down €1,970 (-41.8%), from €4,708 to €2,738
mainly Trade debts (-€22,953) and Investment in fixed assets (net) (-€11,983)
- Deferred charges and accrued income +€806
new in 2025: €806
- Trade debts -€22,953
down €22,953 (-100.0%), from €22,953 to €0
- Reserves +€7,401
up €7,401 (+27.5%), from €26,948 to €34,348
- Tax, wage and social debts -€3,706
down €3,706 (-41.8%), from €8,860 to €5,154
- Contributions +€3,000
new in 2025: €3,000
- Gross operating margin -€11,221
down €11,221 (-25.7%), from €43,714 to €32,493
- Depreciation +€10,364
up €10,364 (+176.0%), from €5,890 to €16,254
- Taxes -€3,725
down €3,725 (-42.0%), from €8,860 to €5,135
- Other operating charges +€2,031
up €2,031 (+117.1%), from €1,735 to €3,766
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 | €59,203 | €42,503 | -€16,700 | -28.2% |
| Fixed assets | 21/28 | €33,484 | €29,212 | -€4,272 | -12.8% |
| Tangible fixed assets | 22/27 | €33,484 | €29,212 | -€4,272 | -12.8% |
| Furniture and vehicles | 24 | €33,484 | €29,212 | -€4,272 | -12.8% |
| Current assets | 29/58 | €25,719 | €13,291 | -€12,428 | -48.3% |
| Amounts receivable within one year | 40/41 | €21,011 | €9,747 | -€11,264 | -53.6% |
| Trade receivables | 40 | €6,923 | €2,692 | -€4,231 | -61.1% |
| Other amounts receivable | 41 | €14,088 | €7,054 | -€7,033 | -49.9% |
| Cash at bank and in hand | 54/58 | €4,708 | €2,738 | -€1,970 | -41.8% |
| Deferred charges and accrued income | 490/1 | - | €806 | +€806 | |
| Total equity and liabilities | 10/49 | €59,203 | €42,503 | -€16,700 | -28.2% |
| Equity | 10/15 | €26,948 | €37,348 | +€10,401 | +38.6% |
| Contributions | 10/11 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €26,948 | €34,348 | +€7,401 | +27.5% |
| Distributable reserves | 133 | €26,948 | €34,348 | +€7,401 | +27.5% |
| Amounts payable | 17/49 | €32,255 | €5,154 | -€27,100 | -84.0% |
| Amounts payable within one year | 42/48 | €32,255 | €5,154 | -€27,100 | -84.0% |
| Trade debts | 44 | €22,953 | €0 | -€22,953 | -100.0% |
| Suppliers | 440/4 | €22,953 | €0 | -€22,953 | -100.0% |
| Taxes, remuneration and social security | 45 | €8,860 | €5,154 | -€3,706 | -41.8% |
| Taxes | 450/3 | €8,860 | €5,154 | -€3,706 | -41.8% |
| Other amounts payable | 47/48 | €442 | €0 | -€442 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,890 | €16,254 | +€10,364 | +176.0% |
| Other operating charges | 640/8 | €1,735 | €3,766 | +€2,031 | +117.1% |
| Gross operating margin | 9900 | €43,714 | €32,493 | -€11,221 | -25.7% |
| Operating profit (loss) | 9901 | €36,089 | €12,473 | -€23,616 | -65.4% |
| Financial income | 75/76B | €0 | €105 | +€105 | +524400.0% |
| Recurring financial income | 75 | €0 | €105 | +€105 | +524400.0% |
| Financial charges | 65/66B | €281 | €41 | -€239 | -85.3% |
| Recurring financial charges | 65 | €281 | €41 | -€239 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €35,808 | €12,536 | -€23,272 | -65.0% |
| Income taxes | 67/77 | €8,860 | €5,135 | -€3,725 | -42.0% |
| Profit (loss) for the period | 9904 | €26,948 | €7,401 | -€19,547 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,948 | €7,401 | -€19,547 | -72.5% |
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 7 October 2026 via checked.be.