HEATING CONTROL: 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 CONTROL
Largest movements
- Receivables within one year -€86,437
down €86,437 (-47.6%), from €181,635 to €95,198
of which Other amounts receivable: -€51,543
- Tangible fixed assets +€20,311
up €20,311 (+44.2%), from €45,991 to €66,302
of which Leasing and similar rights: +€22,240
- Cash -€15,341
down €15,341 (-2.6%), from €599,357 to €584,016
mainly Trade debts (-€86,824) and Contributions, distributions and other (-€46,000)
- Trade debts -€86,824
down €86,824 (-71.7%), from €121,153 to €34,329
- Other debts -€27,927
down €27,927 (-7.5%), from €373,407 to €345,480
- Reserves +€21,266
up €21,266 (+4.9%), from €438,203 to €459,469
of which Distributable reserves: +€21,266
- Current portion of long-term debt +€9,983
up €9,983 (+99.7%), from €10,009 to €19,992
- Other operating charges +€144,169
up €144,169 (+3472.3%), from €4,152 to €148,321
- Gross operating margin +€130,205
up €130,205 (+109.8%), from €118,570 to €248,775
- Depreciation +€6,928
up €6,928 (+62.8%), from €11,025 to €17,953
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 | €987,278 | €914,197 | -€73,081 | -7.4% |
| Fixed assets | 21/28 | €206,286 | €231,307 | +€25,021 | +12.1% |
| Tangible fixed assets | 22/27 | €45,991 | €66,302 | +€20,311 | +44.2% |
| Land and buildings | 22 | €8,458 | €7,541 | -€917 | -10.8% |
| Plant, machinery and equipment | 23 | €4,049 | €3,037 | -€1,012 | -25.0% |
| Leasing and similar rights | 25 | €33,484 | €55,724 | +€22,240 | +66.4% |
| Financial fixed assets | 28 | €160,295 | €165,005 | +€4,710 | +2.9% |
| Current assets | 29/58 | €780,992 | €682,890 | -€98,102 | -12.6% |
| Amounts receivable within one year | 40/41 | €181,635 | €95,198 | -€86,437 | -47.6% |
| Trade receivables | 40 | €109,355 | €74,461 | -€34,894 | -31.9% |
| Other amounts receivable | 41 | €72,280 | €20,737 | -€51,543 | -71.3% |
| Cash at bank and in hand | 54/58 | €599,357 | €584,016 | -€15,341 | -2.6% |
| Deferred charges and accrued income | 490/1 | - | €3,676 | +€3,676 | |
| Total equity and liabilities | 10/49 | €987,278 | €914,197 | -€73,081 | -7.4% |
| Equity | 10/15 | €444,403 | €465,669 | +€21,266 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €438,203 | €459,469 | +€21,266 | +4.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,151 | €38,151 | = | 0.0% |
| Distributable reserves | 133 | €398,192 | €419,458 | +€21,266 | +5.3% |
| Amounts payable | 17/49 | €542,875 | €448,528 | -€94,347 | -17.4% |
| Amounts payable after more than one year | 17 | €24,701 | €33,880 | +€9,179 | +37.2% |
| Financial debts | 170/4 | €24,701 | €33,880 | +€9,179 | +37.2% |
| Amounts payable within one year | 42/48 | €516,232 | €413,899 | -€102,333 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €10,009 | €19,992 | +€9,983 | +99.7% |
| Trade debts | 44 | €121,153 | €34,329 | -€86,824 | -71.7% |
| Suppliers | 440/4 | €121,153 | €34,329 | -€86,824 | -71.7% |
| Taxes, remuneration and social security | 45 | €11,663 | €14,098 | +€2,435 | +20.9% |
| Taxes | 450/3 | €11,663 | €10,598 | -€1,065 | -9.1% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €373,407 | €345,480 | -€27,927 | -7.5% |
| Accrued charges and deferred income | 492/3 | €1,942 | €749 | -€1,193 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,025 | €17,953 | +€6,928 | +62.8% |
| Other operating charges | 640/8 | €4,152 | €148,321 | +€144,169 | +3472.3% |
| Gross operating margin | 9900 | €118,570 | €248,775 | +€130,205 | +109.8% |
| Operating profit (loss) | 9901 | €103,393 | €82,501 | -€20,892 | -20.2% |
| Financial charges | 65/66B | €4,280 | €5,405 | +€1,125 | +26.3% |
| Recurring financial charges | 65 | €4,280 | €5,405 | +€1,125 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €99,113 | €77,096 | -€22,017 | -22.2% |
| Income taxes | 67/77 | €10,598 | €9,830 | -€768 | -7.2% |
| Profit (loss) for the period | 9904 | €88,515 | €67,266 | -€21,249 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,515 | €67,266 | -€21,249 | -24.0% |
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.