HEATING KITS: 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 KITS
Largest movements
- Tangible fixed assets -€12,652
down €12,652 (-17.8%), from €71,192 to €58,540
of which Leasing and similar rights: -€13,798
- Cash +€7,253
up €7,253 (+312.3%), from €2,322 to €9,576
mainly Depreciation (+€15,258) and Trade debts (+€10,489)
- Receivables within one year +€5,568
up €5,568 (+4.4%), from €127,601 to €133,168
of which Trade receivables: +€9,743
- Stocks and contracts +€4,189
up €4,189 (+10.9%), from €38,596 to €42,785
- Debts after one year -€14,938
down €14,938 (-44.0%), from €33,984 to €19,045
- Trade debts +€10,489
up €10,489 (+33.1%), from €31,706 to €42,195
- Short-term financial debts +€10,280
up €10,280 (+30.4%), from €33,819 to €44,099
- Gross operating margin -€16,916
down €16,916 (-22.9%), from €73,991 to €57,074
- Other operating charges -€9,879
down €9,879 (-58.7%), from €16,834 to €6,956
- Depreciation -€2,983
down €2,983 (-16.4%), from €18,241 to €15,258
- Taxes -€1,373
down €1,373 (-38.8%), from €3,538 to €2,166
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 | €242,997 | €248,583 | +€5,586 | +2.3% |
| Fixed assets | 21/28 | €71,402 | €58,750 | -€12,652 | -17.7% |
| Tangible fixed assets | 22/27 | €71,192 | €58,540 | -€12,652 | -17.8% |
| Land and buildings | 22 | €18,836 | €18,836 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,858 | €2,417 | +€559 | +30.1% |
| Furniture and vehicles | 24 | €1,120 | €1,708 | +€588 | +52.5% |
| Leasing and similar rights | 25 | €49,377 | €35,579 | -€13,798 | -27.9% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €171,595 | €189,832 | +€18,238 | +10.6% |
| Stocks and contracts in progress | 3 | €38,596 | €42,785 | +€4,189 | +10.9% |
| Stocks | 30/36 | €38,596 | €42,785 | +€4,189 | +10.9% |
| Amounts receivable within one year | 40/41 | €127,601 | €133,168 | +€5,568 | +4.4% |
| Trade receivables | 40 | €45,542 | €55,285 | +€9,743 | +21.4% |
| Other amounts receivable | 41 | €82,058 | €77,883 | -€4,175 | -5.1% |
| Cash at bank and in hand | 54/58 | €2,322 | €9,576 | +€7,253 | +312.3% |
| Deferred charges and accrued income | 490/1 | €3,076 | €4,304 | +€1,228 | +39.9% |
| Total equity and liabilities | 10/49 | €242,997 | €248,583 | +€5,586 | +2.3% |
| Equity | 10/15 | €120,418 | €118,349 | -€2,069 | -1.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €95,418 | €95,418 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,519 | €17,519 | = | 0.0% |
| Distributable reserves | 133 | €77,899 | €77,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€2,069 | -€2,069 | |
| Amounts payable | 17/49 | €122,579 | €130,234 | +€7,655 | +6.2% |
| Amounts payable after more than one year | 17 | €33,984 | €19,045 | -€14,938 | -44.0% |
| Financial debts | 170/4 | €33,984 | €19,045 | -€14,938 | -44.0% |
| Amounts payable within one year | 42/48 | €88,595 | €111,189 | +€22,593 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €14,975 | €14,938 | -€37 | -0.2% |
| Financial debts | 43 | €33,819 | €44,099 | +€10,280 | +30.4% |
| Credit institutions | 430/8 | €33,819 | €44,099 | +€10,280 | +30.4% |
| Trade debts | 44 | €31,706 | €42,195 | +€10,489 | +33.1% |
| Suppliers | 440/4 | €31,706 | €42,195 | +€10,489 | +33.1% |
| Taxes, remuneration and social security | 45 | €8,096 | €9,957 | +€1,862 | +23.0% |
| Taxes | 450/3 | €538 | €0 | -€538 | -100.0% |
| Remuneration and social security | 454/9 | €7,557 | €9,957 | +€2,400 | +31.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €27,983 | €28,209 | +€226 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,241 | €15,258 | -€2,983 | -16.4% |
| Other operating charges | 640/8 | €16,834 | €6,956 | -€9,879 | -58.7% |
| Gross operating margin | 9900 | €73,991 | €57,074 | -€16,916 | -22.9% |
| Operating profit (loss) | 9901 | €10,932 | €6,652 | -€4,280 | -39.2% |
| Financial income | 75/76B | €13 | €70 | +€56 | +431.7% |
| Recurring financial income | 75 | €13 | €70 | +€56 | +431.7% |
| Financial charges | 65/66B | €7,219 | €6,625 | -€594 | -8.2% |
| Recurring financial charges | 65 | €7,219 | €6,625 | -€594 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €3,727 | €96 | -€3,630 | -97.4% |
| Income taxes | 67/77 | €3,538 | €2,166 | -€1,373 | -38.8% |
| Profit (loss) for the period | 9904 | €188 | -€2,069 | -€2,258 | |
| Profit (loss) for the period to be appropriated | 9905 | €188 | -€2,069 | -€2,258 |
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.