Heating Concept: 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.
Heating Concept
Largest movements
- Receivables within one year +€8,602
up €8,602 (+98.1%), from €8,772 to €17,375
of which Trade receivables: +€8,512
- Stocks and contracts +€4,540
up €4,540 (+38.0%), from €11,941 to €16,481
- Cash +€3,824
up €3,824 (+6.9%), from €55,647 to €59,471
mainly Other debts (+€52,751) and Net result for the year (+€49,052)
- Intangible fixed assets -€2,500
down €2,500 (-25.0%), from €10,000 to €7,500
- Other debts +€52,751
up €52,751 (+172.7%), from €30,539 to €83,291
- Profit (loss) carried forward -€33,685
no longer reported in 2025 (was €33,685)
- Debts after one year -€7,300
no longer reported in 2025 (was €7,300)
- Tax, wage and social debts +€5,161
up €5,161 (+73520.1%), from €7 to €5,168
of which Taxes: +€4,130
- Trade debts -€2,793
down €2,793 (-87.2%), from €3,202 to €409
- Gross operating margin +€37,005
up €37,005 (+97.7%), from €37,872 to €74,877
- Taxes +€9,130
up €9,130 (+101.4%), from €9,007 to €18,137
- Staff costs +€2,373
new in 2025: €2,373
- Financial charges -€832
down €832 (-41.8%), from €1,992 to €1,160
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 | €93,333 | €107,468 | +€14,135 | +15.1% |
| Fixed assets | 21/28 | €13,501 | €10,059 | -€3,442 | -25.5% |
| Intangible fixed assets | 21 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Tangible fixed assets | 22/27 | €3,421 | €2,479 | -€942 | -27.5% |
| Furniture and vehicles | 24 | €3,421 | €2,479 | -€942 | -27.5% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €79,831 | €97,409 | +€17,577 | +22.0% |
| Stocks and contracts in progress | 3 | €11,941 | €16,481 | +€4,540 | +38.0% |
| Stocks | 30/36 | €11,941 | €16,481 | +€4,540 | +38.0% |
| Amounts receivable within one year | 40/41 | €8,772 | €17,375 | +€8,602 | +98.1% |
| Trade receivables | 40 | €3,440 | €11,952 | +€8,512 | +247.4% |
| Other amounts receivable | 41 | €5,332 | €5,422 | +€90 | +1.7% |
| Cash at bank and in hand | 54/58 | €55,647 | €59,471 | +€3,824 | +6.9% |
| Deferred charges and accrued income | 490/1 | €3,471 | €4,082 | +€611 | +17.6% |
| Total equity and liabilities | 10/49 | €93,333 | €107,468 | +€14,135 | +15.1% |
| Equity | 10/15 | €52,285 | €18,600 | -€33,685 | -64.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,685 | - | -€33,685 | |
| Amounts payable | 17/49 | €41,048 | €88,868 | +€47,820 | +116.5% |
| Amounts payable after more than one year | 17 | €7,300 | - | -€7,300 | |
| Other amounts payable | 178/9 | €7,300 | - | -€7,300 | |
| Amounts payable within one year | 42/48 | €33,748 | €88,868 | +€55,120 | +163.3% |
| Trade debts | 44 | €3,202 | €409 | -€2,793 | -87.2% |
| Suppliers | 440/4 | €3,202 | €409 | -€2,793 | -87.2% |
| Taxes, remuneration and social security | 45 | €7 | €5,168 | +€5,161 | +73520.1% |
| Taxes | 450/3 | €7 | €4,137 | +€4,130 | +58833.9% |
| Remuneration and social security | 454/9 | - | €1,031 | +€1,031 | |
| Other amounts payable | 47/48 | €30,539 | €83,291 | +€52,751 | +172.7% |
| Remuneration, social security and pensions | 62 | - | €2,373 | +€2,373 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,442 | €3,442 | = | 0.0% |
| Other operating charges | 640/8 | €761 | €927 | +€166 | +21.8% |
| Gross operating margin | 9900 | €37,872 | €74,877 | +€37,005 | +97.7% |
| Operating profit (loss) | 9901 | €33,668 | €68,134 | +€34,466 | +102.4% |
| Financial income | 75/76B | €202 | €215 | +€13 | +6.5% |
| Recurring financial income | 75 | €202 | €215 | +€13 | +6.5% |
| Financial charges | 65/66B | €1,992 | €1,160 | -€832 | -41.8% |
| Recurring financial charges | 65 | €1,992 | €1,160 | -€832 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €31,878 | €67,189 | +€35,311 | +110.8% |
| Income taxes | 67/77 | €9,007 | €18,137 | +€9,130 | +101.4% |
| Profit (loss) for the period | 9904 | €22,871 | €49,052 | +€26,181 | +114.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,871 | €49,052 | +€26,181 | +114.5% |
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 30 September 2026 via checked.be.