HM CLIMAT: 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.
HM CLIMAT
Largest movements
- Receivables within one year -€106,823
down €106,823 (-41.7%), from €255,992 to €149,169
of which Trade receivables: -€122,350
- Tangible fixed assets -€15,311
down €15,311 (-11.1%), from €138,084 to €122,773
of which Leasing and similar rights: -€9,310
- Stocks and contracts -€5,767
down €5,767 (-100%), from €5,767 to €0
- Cash -€5,687
down €5,687 (-25.5%), from €22,301 to €16,614
mainly Trade debts (-€78,174) and Net result for the year (-€41,718)
- Trade debts -€78,174
down €78,174 (-82.4%), from €94,889 to €16,715
- Profit (loss) carried forward -€41,718
down €41,718 (-29.6%), from €141,110 to €99,392
- Tax, wage and social debts -€7,930
down €7,930 (-42.5%), from €18,651 to €10,722
of which Remuneration and social security: -€4,165
- Debts after one year -€6,564
down €6,564 (-9.3%), from €70,584 to €64,020
- Purchases and services +€170,096
new in 2024: €170,096
- Write-downs +€65,952
new in 2024: €65,952
- Gross operating margin +€50,797
up €50,797, from -€1,644 to €49,153
- Financial charges +€5,556
up €5,556 (+131%), from €4,249 to €9,805
- Depreciation -€2,364
down €2,364 (-12.5%), from €18,858 to €16,495
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €422,687 | €288,556 | -€134,131 | -31.7% |
| Fixed assets | 21/28 | €138,084 | €122,773 | -€15,311 | -11.1% |
| Tangible fixed assets | 22/27 | €138,084 | €122,773 | -€15,311 | -11.1% |
| Land and buildings | 22 | €112,348 | €105,866 | -€6,481 | -5.8% |
| Plant, machinery and equipment | 23 | €1,747 | €2,228 | +€481 | +27.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Leasing and similar rights | 25 | €23,989 | €14,679 | -€9,310 | -38.8% |
| Current assets | 29/58 | €284,603 | €165,783 | -€118,820 | -41.7% |
| Stocks and contracts in progress | 3 | €5,767 | €0 | -€5,767 | -100% |
| Stocks | 30/36 | €5,767 | €0 | -€5,767 | -100% |
| Amounts receivable within one year | 40/41 | €255,992 | €149,169 | -€106,823 | -41.7% |
| Trade receivables | 40 | €217,952 | €95,602 | -€122,350 | -56.1% |
| Other amounts receivable | 41 | €38,041 | €53,568 | +€15,527 | +40.8% |
| Cash at bank and in hand | 54/58 | €22,301 | €16,614 | -€5,687 | -25.5% |
| Deferred charges and accrued income | 490/1 | €543 | €0 | -€543 | -100% |
| Total equity and liabilities | 10/49 | €422,687 | €288,556 | -€134,131 | -31.7% |
| Equity | 10/15 | €205,466 | €163,747 | -€41,718 | -20.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,956 | €51,956 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €33,206 | €33,206 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,110 | €99,392 | -€41,718 | -29.6% |
| Amounts payable | 17/49 | €217,221 | €124,809 | -€92,413 | -42.5% |
| Amounts payable after more than one year | 17 | €70,584 | €64,020 | -€6,564 | -9.3% |
| Financial debts | 170/4 | €70,584 | €64,020 | -€6,564 | -9.3% |
| Amounts payable within one year | 42/48 | €146,637 | €59,938 | -€86,699 | -59.1% |
| Current portion of amounts payable after more than one year | 42 | €33,097 | €32,502 | -€595 | -1.8% |
| Trade debts | 44 | €94,889 | €16,715 | -€78,174 | -82.4% |
| Suppliers | 440/4 | €94,889 | €16,715 | -€78,174 | -82.4% |
| Taxes, remuneration and social security | 45 | €18,651 | €10,722 | -€7,930 | -42.5% |
| Taxes | 450/3 | €14,486 | €10,722 | -€3,764 | -26.0% |
| Remuneration and social security | 454/9 | €4,165 | €0 | -€4,165 | -100% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €850 | +€850 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €170,096 | +€170,096 | |
| Remuneration, social security and pensions | 62 | €373 | €0 | -€373 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,858 | €16,495 | -€2,364 | -12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €65,952 | +€65,952 | |
| Other operating charges | 640/8 | €139 | €675 | +€536 | +385% |
| Gross operating margin | 9900 | -€1,644 | €49,153 | +€50,797 | |
| Operating profit (loss) | 9901 | -€21,015 | -€33,969 | -€12,954 | -61.6% |
| Financial income | 75/76B | €5 | €2,055 | +€2,050 | +41,921% |
| Recurring financial income | 75 | €5 | €2,055 | +€2,050 | +41,921% |
| Financial charges | 65/66B | €4,249 | €9,805 | +€5,556 | +131% |
| Recurring financial charges | 65 | €4,249 | €9,805 | +€5,556 | +131% |
| Profit (loss) for the period before taxes | 9903 | -€25,259 | -€41,718 | -€16,460 | -65.2% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€25,259 | -€41,718 | -€16,460 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,259 | -€41,718 | -€16,460 | -65.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.