HVAC SERVICE TECH: what changed
What changed
HVAC SERVICE TECH
NACE 43.350, Other building finishing work
filed annual accounts (NBB)
Net result for the year
€21,122
2024 · €27,924-€6,801
Equity
€46,002
2024 · €26,546+€19,456
Cash
€29,150
2024 · €29,043+€107
Balance sheet total
€81,327
2024 · €77,136+€4,191
Largest movements
Assets
- Tangible fixed assets +€3,071
up €3,071 (+38.2%), from €8,034 to €11,105
of which Plant, machinery and equipment: +€2,228
- Stocks and contracts +€837
up €837 (+5.0%), from €16,603 to €17,440
Equity and liabilities
- Other debts -€19,489
down €19,489 (-54.8%), from €35,539 to €16,050
- Profit (loss) carried forward +€19,456
up €19,456 (+76.2%), from €25,546 to €45,002
- Trade debts -€8,332
down €8,332 (-98.4%), from €8,472 to €139
- Tax, wage and social debts +€7,593
up €7,593 (+115%), from €6,581 to €14,174
- Accrued charges and deferred income +€4,962
new in 2025: €4,962
Income statement
- Gross operating margin -€4,603
down €4,603 (-11.5%), from €39,942 to €35,338
- Depreciation -€1,298
down €1,298 (-28.6%), from €4,540 to €3,242
- Financial charges +€1,271
up €1,271 (+691%), from €184 to €1,455
- Taxes +€467
up €467 (+7.0%), from €6,627 to €7,093
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€27,924
Gross operating margin
-€4,603
Depreciation
+€1,298
Other operating charges
+€101
Other operating items
-€1,774
Financial income
-€86
Financial charges
-€1,271
Taxes
-€467
Result 2025
€21,122
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€8,086
Investment
-€6,313
Financing
-€1,666
Cash 2024
€29,043
From operations (derived)
+€8,086
Net result for the year
+€21,122
Depreciation
+€3,242
Stocks and contracts
-€837
Receivables within one year
-€176
Trade debts
-€8,332
Tax, wage and social debts
+€7,593
Other debts
-€19,489
Accrued charges and deferred income
+€4,962
Investment (derived)
-€6,313
Investment in fixed assets (net)
-€6,313
Financing
-€1,666
Contributions, distributions and other
-€1,666
Cash 2025
€29,150
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,136 | €81,327 | +€4,191 | +5.4% |
| Fixed assets | 21/28 | €8,034 | €11,105 | +€3,071 | +38.2% |
| Tangible fixed assets | 22/27 | €8,034 | €11,105 | +€3,071 | +38.2% |
| Plant, machinery and equipment | 23 | €1,260 | €3,488 | +€2,228 | +177% |
| Furniture and vehicles | 24 | €6,774 | €7,617 | +€844 | +12.5% |
| Current assets | 29/58 | €69,102 | €70,222 | +€1,120 | +1.6% |
| Stocks and contracts in progress | 3 | €16,603 | €17,440 | +€837 | +5.0% |
| Stocks | 30/36 | €16,603 | €17,440 | +€837 | +5.0% |
| Amounts receivable within one year | 40/41 | €23,139 | €23,315 | +€176 | +0.8% |
| Trade receivables | 40 | €22,131 | €20,209 | -€1,922 | -8.7% |
| Other amounts receivable | 41 | €1,009 | €3,106 | +€2,097 | +208% |
| Cash at bank and in hand | 54/58 | €29,043 | €29,150 | +€107 | +0.4% |
| Deferred charges and accrued income | 490/1 | €317 | €317 | = | 0.0% |
| Total equity and liabilities | 10/49 | €77,136 | €81,327 | +€4,191 | +5.4% |
| Equity | 10/15 | €26,546 | €46,002 | +€19,456 | +73.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,546 | €45,002 | +€19,456 | +76.2% |
| Amounts payable | 17/49 | €50,591 | €35,325 | -€15,266 | -30.2% |
| Amounts payable within one year | 42/48 | €50,591 | €30,363 | -€20,228 | -40.0% |
| Trade debts | 44 | €8,472 | €139 | -€8,332 | -98.4% |
| Suppliers | 440/4 | €8,472 | €139 | -€8,332 | -98.4% |
| Taxes, remuneration and social security | 45 | €6,581 | €14,174 | +€7,593 | +115% |
| Taxes | 450/3 | €6,581 | €14,174 | +€7,593 | +115% |
| Other amounts payable | 47/48 | €35,539 | €16,050 | -€19,489 | -54.8% |
| Accrued charges and deferred income | 492/3 | - | €4,962 | +€4,962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,540 | €3,242 | -€1,298 | -28.6% |
| Other operating charges | 640/8 | €752 | €652 | -€101 | -13.4% |
| Non-recurring operating charges | 66A | - | €1,774 | +€1,774 | |
| Gross operating margin | 9900 | €39,942 | €35,338 | -€4,603 | -11.5% |
| Operating profit (loss) | 9901 | €34,649 | €29,671 | -€4,978 | -14.4% |
| Financial income | 75/76B | €86 | - | -€86 | |
| Recurring financial income | 75 | €86 | - | -€86 | |
| Financial charges | 65/66B | €184 | €1,455 | +€1,271 | +691% |
| Recurring financial charges | 65 | €184 | €1,455 | +€1,271 | +691% |
| Profit (loss) for the period before taxes | 9903 | €34,551 | €28,216 | -€6,335 | -18.3% |
| Income taxes | 67/77 | €6,627 | €7,093 | +€467 | +7.0% |
| Profit (loss) for the period | 9904 | €27,924 | €21,122 | -€6,801 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,924 | €21,122 | -€6,801 | -24.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.