HVAC - PROJECT: 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 - PROJECT
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€656,014
up €656,014 (+102.4%), from €640,369 to €1.3m
- Other debts -€650,000
down €650,000 (-99.9%), from €650,392 to €392
- Financial income +€650,000
new in 2025: €650,000
- Gross operating margin +€10,736
up €10,736, from -€2,417 to €8,319
- Purchases and services -€2,417
no longer reported in 2025 (was €2,417)
- Taxes +€913
new in 2025: €913
- Other operating charges +€611
up €611 (+100.7%), from €607 to €1,218
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 | €1,301,148 | €1,309,054 | +€7,906 | +0.6% |
| Fixed assets | 21/28 | €1,300,000 | €1,300,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,300,000 | €1,300,000 | = | 0.0% |
| Current assets | 29/58 | €1,148 | €9,054 | +€7,906 | +688.7% |
| Amounts receivable within one year | 40/41 | €495 | - | -€495 | |
| Other amounts receivable | 41 | €495 | - | -€495 | |
| Cash at bank and in hand | 54/58 | €653 | €9,054 | +€8,401 | +1286.5% |
| Total equity and liabilities | 10/49 | €1,301,148 | €1,309,054 | +€7,906 | +0.6% |
| Equity | 10/15 | €650,369 | €1,306,383 | +€656,014 | +100.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €640,369 | €1,296,383 | +€656,014 | +102.4% |
| Amounts payable | 17/49 | €650,779 | €2,671 | -€648,108 | -99.6% |
| Amounts payable within one year | 42/48 | €650,779 | €2,671 | -€648,108 | -99.6% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Taxes, remuneration and social security | 45 | - | €2,279 | +€2,279 | |
| Taxes | 450/3 | - | €2,279 | +€2,279 | |
| Other amounts payable | 47/48 | €650,392 | €392 | -€650,000 | -99.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,417 | - | -€2,417 | |
| Other operating charges | 640/8 | €607 | €1,218 | +€611 | +100.7% |
| Gross operating margin | 9900 | -€2,417 | €8,319 | +€10,736 | |
| Operating profit (loss) | 9901 | -€3,024 | €7,101 | +€10,125 | |
| Financial income | 75/76B | - | €650,000 | +€650,000 | |
| Recurring financial income | 75 | - | €650,000 | +€650,000 | |
| Financial charges | 65/66B | €481 | €174 | -€307 | -63.8% |
| Recurring financial charges | 65 | €481 | €174 | -€307 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,505 | €656,927 | +€660,432 | |
| Income taxes | 67/77 | - | €913 | +€913 | |
| Profit (loss) for the period | 9904 | -€3,505 | €656,014 | +€659,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,505 | €656,014 | +€659,519 |
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 12 October 2026 via checked.be.