HVAC Itterbeek: 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 Itterbeek
Largest movements
- Deferred charges and accrued income -€5,803
down €5,803 (-40.9%), from €14,176 to €8,373
- Cash +€4,348
up €4,348 (+101%), from €4,325 to €8,673
mainly Other debts (+€8,808) and Deferred charges and accrued income (+€5,803)
- Receivables within one year -€2,122
down €2,122 (-14.5%), from €14,630 to €12,507
of which Other amounts receivable: -€4,036
- Stocks and contracts -€1,312
down €1,312 (-4.7%), from €28,068 to €26,756
of which Stocks: -€3,681
- Trade debts -€12,080
down €12,080 (-54.3%), from €22,244 to €10,163
- Other debts +€8,808
up €8,808 (+36.9%), from €23,842 to €32,650
- Tax, wage and social debts -€1,722
down €1,722 (-16.8%), from €10,262 to €8,540
of which Remuneration and social security: -€1,580
- Other operating charges +€1,677
up €1,677 (+170%), from €984 to €2,661
- Staff costs +€937
up €937 (+5.9%), from €16,011 to €16,948
- Gross operating margin +€829
up €829 (+3.0%), from €27,776 to €28,606
- Financial charges -€582
down €582 (-9.1%), from €6,429 to €5,847
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 | €62,440 | €56,943 | -€5,496 | -8.8% |
| Fixed assets | 21/28 | €1,242 | €635 | -€607 | -48.9% |
| Tangible fixed assets | 22/27 | €1,242 | €635 | -€607 | -48.9% |
| Plant, machinery and equipment | 23 | €1,242 | €635 | -€607 | -48.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €61,198 | €56,309 | -€4,889 | -8.0% |
| Stocks and contracts in progress | 3 | €28,068 | €26,756 | -€1,312 | -4.7% |
| Stocks | 30/36 | €11,568 | €7,887 | -€3,681 | -31.8% |
| Contracts in progress | 37 | €16,500 | €18,869 | +€2,369 | +14.4% |
| Amounts receivable within one year | 40/41 | €14,630 | €12,507 | -€2,122 | -14.5% |
| Trade receivables | 40 | €4,405 | €6,318 | +€1,913 | +43.4% |
| Other amounts receivable | 41 | €10,225 | €6,189 | -€4,036 | -39.5% |
| Cash at bank and in hand | 54/58 | €4,325 | €8,673 | +€4,348 | +101% |
| Deferred charges and accrued income | 490/1 | €14,176 | €8,373 | -€5,803 | -40.9% |
| Total equity and liabilities | 10/49 | €62,440 | €56,943 | -€5,496 | -8.8% |
| Equity | 10/15 | €6,048 | €5,559 | -€489 | -8.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,048 | €2,559 | -€489 | -16.0% |
| Amounts payable | 17/49 | €56,392 | €51,385 | -€5,008 | -8.9% |
| Amounts payable within one year | 42/48 | €56,392 | €51,385 | -€5,008 | -8.9% |
| Financial debts | 43 | €45 | €32 | -€13 | -28.9% |
| Credit institutions | 430/8 | €45 | €32 | -€13 | -28.9% |
| Trade debts | 44 | €22,244 | €10,163 | -€12,080 | -54.3% |
| Suppliers | 440/4 | €22,244 | €10,163 | -€12,080 | -54.3% |
| Taxes, remuneration and social security | 45 | €10,262 | €8,540 | -€1,722 | -16.8% |
| Taxes | 450/3 | €5,800 | €5,658 | -€142 | -2.5% |
| Remuneration and social security | 454/9 | €4,462 | €2,882 | -€1,580 | -35.4% |
| Other amounts payable | 47/48 | €23,842 | €32,650 | +€8,808 | +36.9% |
| Non-recurring operating income | 76A | €18,041 | €0 | -€18,041 | -100% |
| Remuneration, social security and pensions | 62 | €16,011 | €16,948 | +€937 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €860 | €607 | -€253 | -29.4% |
| Other operating charges | 640/8 | €984 | €2,661 | +€1,677 | +170% |
| Gross operating margin | 9900 | €27,776 | €28,606 | +€829 | +3.0% |
| Operating profit (loss) | 9901 | €9,922 | €8,389 | -€1,532 | -15.4% |
| Financial income | 75/76B | €179 | €50 | -€129 | -72.1% |
| Recurring financial income | 75 | €179 | €50 | -€129 | -72.1% |
| Financial charges | 65/66B | €6,429 | €5,847 | -€582 | -9.1% |
| Recurring financial charges | 65 | €6,429 | €5,847 | -€582 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €3,672 | €2,593 | -€1,080 | -29.4% |
| Income taxes | 67/77 | €1,490 | €1,416 | -€75 | -5.0% |
| Profit (loss) for the period | 9904 | €2,182 | €1,177 | -€1,005 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,182 | €1,177 | -€1,005 | -46.0% |
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 30 October 2026 via checked.be.