HVAC Consult: 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.
HVAC Consult
Largest movements
- Tangible fixed assets +€33,006
new in 2025: €33,006
of which Furniture and vehicles: +€27,098
- Cash +€21,285
up €21,285 (+214%), from €9,940 to €31,225
mainly Net result for the year (+€32,230) and Debts after one year (+€18,593)
- Receivables within one year +€17,411
up €17,411 (+216%), from €8,067 to €25,478
- Reserves +€32,230
up €32,230 (+1,032%), from €3,123 to €35,353
- Debts after one year +€18,593
new in 2025: €18,593
- Tax, wage and social debts +€12,904
up €12,904 (+713%), from €1,811 to €14,715
- Current portion of long-term debt +€5,631
new in 2025: €5,631
- Trade debts +€2,459
up €2,459 (+884%), from €278 to €2,737
- Gross operating margin +€44,479
up €44,479 (+1,124%), from €3,959 to €48,438
- Taxes +€8,142
up €8,142 (+974%), from €836 to €8,978
- Depreciation +€6,351
new in 2025: €6,351
- Financial charges +€879
new in 2025: €879
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.
Derived cash bridge
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 | €18,007 | €89,810 | +€71,803 | +399% |
| Fixed assets | 21/28 | - | €33,006 | +€33,006 | |
| Tangible fixed assets | 22/27 | - | €33,006 | +€33,006 | |
| Plant, machinery and equipment | 23 | - | €5,908 | +€5,908 | |
| Furniture and vehicles | 24 | - | €27,098 | +€27,098 | |
| Current assets | 29/58 | €18,007 | €56,804 | +€38,796 | +215% |
| Amounts receivable within one year | 40/41 | €8,067 | €25,478 | +€17,411 | +216% |
| Trade receivables | 40 | €8,067 | €25,478 | +€17,411 | +216% |
| Cash at bank and in hand | 54/58 | €9,940 | €31,225 | +€21,285 | +214% |
| Deferred charges and accrued income | 490/1 | - | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €18,007 | €89,810 | +€71,803 | +399% |
| Equity | 10/15 | €6,123 | €38,353 | +€32,230 | +526% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €3,123 | €35,353 | +€32,230 | +1,032% |
| Distributable reserves | 133 | €3,123 | €35,353 | +€32,230 | +1,032% |
| Amounts payable | 17/49 | €11,884 | €51,457 | +€39,573 | +333% |
| Amounts payable after more than one year | 17 | - | €18,593 | +€18,593 | |
| Financial debts | 170/4 | - | €18,593 | +€18,593 | |
| Amounts payable within one year | 42/48 | €11,884 | €32,864 | +€20,979 | +177% |
| Current portion of amounts payable after more than one year | 42 | - | €5,631 | +€5,631 | |
| Trade debts | 44 | €278 | €2,737 | +€2,459 | +884% |
| Suppliers | 440/4 | €278 | €2,737 | +€2,459 | +884% |
| Taxes, remuneration and social security | 45 | €1,811 | €14,715 | +€12,904 | +713% |
| Taxes | 450/3 | €1,811 | €14,715 | +€12,904 | +713% |
| Other amounts payable | 47/48 | €9,795 | €9,780 | -€15 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,351 | +€6,351 | |
| Gross operating margin | 9900 | €3,959 | €48,438 | +€44,479 | +1,124% |
| Operating profit (loss) | 9901 | €3,959 | €42,087 | +€38,128 | +963% |
| Financial charges | 65/66B | - | €879 | +€879 | |
| Recurring financial charges | 65 | - | €879 | +€879 | |
| Profit (loss) for the period before taxes | 9903 | €3,959 | €41,208 | +€37,250 | +941% |
| Income taxes | 67/77 | €836 | €8,978 | +€8,142 | +974% |
| Profit (loss) for the period | 9904 | €3,123 | €32,230 | +€29,107 | +932% |
| Profit (loss) for the period to be appropriated | 9905 | €3,123 | €32,230 | +€29,107 | +932% |
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 21 October 2026 via checked.be.