HEATING & STYLE: 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 & STYLE
Largest movements
- Receivables within one year +€33,010
up €33,010 (+87.4%), from €37,767 to €70,776
of which Trade receivables: +€31,571
- Tangible fixed assets +€5,518
up €5,518 (+288.3%), from €1,914 to €7,432
- Cash -€2,295
down €2,295 (-24.7%), from €9,293 to €6,998
mainly Receivables within one year (-€33,010) and Investment in fixed assets (net) (-€6,675)
- Stocks and contracts -€1,727
down €1,727 (-7.5%), from €22,937 to €21,210
- Trade debts +€16,034
up €16,034 (+72.7%), from €22,066 to €38,100
- Profit (loss) carried forward +€7,770
up €7,770 (+54.0%), from €14,376 to €22,146
- Current portion of long-term debt +€7,157
new in 2025: €7,157
- Debts after one year +€4,794
new in 2025: €4,794
- Other debts -€4,502
down €4,502 (-16.4%), from €27,503 to €23,001
- Gross operating margin -€11,286
down €11,286 (-42.7%), from €26,449 to €15,163
- Taxes -€2,939
down €2,939 (-48.8%), from €6,021 to €3,082
- Financial charges +€902
up €902 (+40.3%), from €2,236 to €3,139
- Financial income -€628
down €628 (-32.0%), from €1,965 to €1,337
- Depreciation +€454
up €454 (+64.5%), from €703 to €1,157
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 | €74,305 | €109,257 | +€34,952 | +47.0% |
| Fixed assets | 21/28 | €1,989 | €7,507 | +€5,518 | +277.5% |
| Tangible fixed assets | 22/27 | €1,914 | €7,432 | +€5,518 | +288.3% |
| Plant, machinery and equipment | 23 | €1,914 | €7,432 | +€5,518 | +288.3% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €72,316 | €101,750 | +€29,434 | +40.7% |
| Stocks and contracts in progress | 3 | €22,937 | €21,210 | -€1,727 | -7.5% |
| Stocks | 30/36 | €22,937 | €21,210 | -€1,727 | -7.5% |
| Amounts receivable within one year | 40/41 | €37,767 | €70,776 | +€33,010 | +87.4% |
| Trade receivables | 40 | €37,767 | €69,337 | +€31,571 | +83.6% |
| Other amounts receivable | 41 | - | €1,439 | +€1,439 | |
| Cash at bank and in hand | 54/58 | €9,293 | €6,998 | -€2,295 | -24.7% |
| Deferred charges and accrued income | 490/1 | €2,320 | €2,766 | +€446 | +19.2% |
| Total equity and liabilities | 10/49 | €74,305 | €109,257 | +€34,952 | +47.0% |
| Equity | 10/15 | €20,943 | €28,713 | +€7,770 | +37.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €367 | €367 | = | 0.0% |
| Non-distributable reserves | 130/1 | €367 | €367 | = | 0.0% |
| Reserves not available under the articles | 1311 | €367 | €367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,376 | €22,146 | +€7,770 | +54.0% |
| Amounts payable | 17/49 | €53,362 | €80,544 | +€27,182 | +50.9% |
| Amounts payable after more than one year | 17 | - | €4,794 | +€4,794 | |
| Financial debts | 170/4 | - | €4,794 | +€4,794 | |
| Amounts payable within one year | 42/48 | €53,362 | €75,749 | +€22,387 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,157 | +€7,157 | |
| Trade debts | 44 | €22,066 | €38,100 | +€16,034 | +72.7% |
| Suppliers | 440/4 | €22,066 | €38,100 | +€16,034 | +72.7% |
| Taxes, remuneration and social security | 45 | €3,792 | €7,490 | +€3,699 | +97.5% |
| Taxes | 450/3 | €3,792 | €7,490 | +€3,699 | +97.5% |
| Other amounts payable | 47/48 | €27,503 | €23,001 | -€4,502 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €703 | €1,157 | +€454 | +64.5% |
| Other operating charges | 640/8 | €899 | €1,352 | +€453 | +50.4% |
| Gross operating margin | 9900 | €26,449 | €15,163 | -€11,286 | -42.7% |
| Operating profit (loss) | 9901 | €24,846 | €12,654 | -€12,193 | -49.1% |
| Financial income | 75/76B | €1,965 | €1,337 | -€628 | -32.0% |
| Recurring financial income | 75 | €1,965 | €1,337 | -€628 | -32.0% |
| Financial charges | 65/66B | €2,236 | €3,139 | +€902 | +40.3% |
| Recurring financial charges | 65 | €2,236 | €3,139 | +€902 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €24,575 | €10,852 | -€13,723 | -55.8% |
| Income taxes | 67/77 | €6,021 | €3,082 | -€2,939 | -48.8% |
| Profit (loss) for the period | 9904 | €18,554 | €7,770 | -€10,784 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,554 | €7,770 | -€10,784 | -58.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.