Heating Solutions: what changed
Two financial 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 Solutions
Largest movements
- Cash +€11,115
up €11,115 (+18.7%), from €59,324 to €70,439
mainly Net result for the year (+€15,982) and Depreciation (+€10,545)
- Tangible fixed assets -€6,495
down €6,495 (-52.2%), from €12,450 to €5,955
of which Leasing and similar rights: -€5,653
- Stocks and contracts -€2,492
down €2,492 (-100.0%), from €2,492 to €0
- Receivables within one year +€1,584
up €1,584 (+58.7%), from €2,697 to €4,281
of which Trade receivables: +€3,136
- Reserves +€15,982
up €15,982 (+116.8%), from €13,683 to €29,665
- Current portion of long-term debt -€6,402
down €6,402 (-100.0%), from €6,402 to €0
- Other debts -€4,812
down €4,812 (-50.7%), from €9,497 to €4,684
- Trade debts -€2,843
down €2,843 (-59.2%), from €4,803 to €1,961
- Tax, wage and social debts +€1,705
up €1,705 (+104.0%), from €1,639 to €3,344
of which Taxes: +€1,705
- Gross operating margin +€26,066
up €26,066 (+472.9%), from €5,512 to €31,578
- Turnover +€25,971
up €25,971 (+19.3%), from €134,794 to €160,765
- Taxes +€4,782
up €4,782 (+3427.4%), from €140 to €4,921
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 | €80,158 | €83,788 | +€3,630 | +4.5% |
| Fixed assets | 21/28 | €12,450 | €5,955 | -€6,495 | -52.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €12,450 | €5,955 | -€6,495 | -52.2% |
| Land and buildings | 22 | €1,423 | €1,134 | -€290 | -20.3% |
| Plant, machinery and equipment | 23 | €1,272 | €286 | -€986 | -77.5% |
| Furniture and vehicles | 24 | €4,102 | €4,535 | +€433 | +10.6% |
| Leasing and similar rights | 25 | €5,653 | €0 | -€5,653 | -100.0% |
| Current assets | 29/58 | €67,708 | €77,833 | +€10,125 | +15.0% |
| Stocks and contracts in progress | 3 | €2,492 | €0 | -€2,492 | -100.0% |
| Stocks | 30/36 | €2,492 | €0 | -€2,492 | -100.0% |
| Amounts receivable within one year | 40/41 | €2,697 | €4,281 | +€1,584 | +58.7% |
| Trade receivables | 40 | €1,145 | €4,281 | +€3,136 | +274.0% |
| Other amounts receivable | 41 | €1,552 | €0 | -€1,552 | -100.0% |
| Cash at bank and in hand | 54/58 | €59,324 | €70,439 | +€11,115 | +18.7% |
| Deferred charges and accrued income | 490/1 | €3,195 | €3,112 | -€82 | -2.6% |
| Total equity and liabilities | 10/49 | €80,158 | €83,788 | +€3,630 | +4.5% |
| Equity | 10/15 | €57,817 | €73,799 | +€15,982 | +27.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €13,683 | €29,665 | +€15,982 | +116.8% |
| Distributable reserves | 133 | €13,683 | €29,665 | +€15,982 | +116.8% |
| Profit (loss) carried forward | 14 | €23,674 | €23,674 | = | 0.0% |
| Amounts payable | 17/49 | €22,341 | €9,989 | -€12,352 | -55.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €22,341 | €9,989 | -€12,352 | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €6,402 | €0 | -€6,402 | -100.0% |
| Trade debts | 44 | €4,803 | €1,961 | -€2,843 | -59.2% |
| Suppliers | 440/4 | €4,803 | €1,961 | -€2,843 | -59.2% |
| Taxes, remuneration and social security | 45 | €1,639 | €3,344 | +€1,705 | +104.0% |
| Taxes | 450/3 | €1,639 | €3,344 | +€1,705 | +104.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €9,497 | €4,684 | -€4,812 | -50.7% |
| Turnover | 70 | €134,794 | €160,765 | +€25,971 | +19.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €137,270 | €136,531 | -€740 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,196 | €10,545 | -€651 | -5.8% |
| Other operating charges | 640/8 | €457 | €463 | +€7 | +1.5% |
| Gross operating margin | 9900 | €5,512 | €31,578 | +€26,066 | +472.9% |
| Operating profit (loss) | 9901 | -€6,141 | €20,570 | +€26,711 | |
| Financial income | 75/76B | €874 | €1,510 | +€636 | +72.8% |
| Recurring financial income | 75 | €874 | €1,510 | +€636 | +72.8% |
| Financial charges | 65/66B | €1,081 | €1,176 | +€96 | +8.9% |
| Recurring financial charges | 65 | €1,081 | €1,176 | +€96 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,348 | €20,903 | +€27,251 | |
| Income taxes | 67/77 | €140 | €4,921 | +€4,782 | +3427.4% |
| Profit (loss) for the period | 9904 | -€6,487 | €15,982 | +€22,469 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,487 | €15,982 | +€22,469 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.