HVAC Xpair: 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 Xpair
Largest movements
- Cash +€49,781
up €49,781 (+89.4%), from €55,682 to €105,463
mainly Net result for the year (+€44,886) and Trade debts (+€33,652)
- Receivables within one year +€39,898
up €39,898 (+54.3%), from €73,489 to €113,387
of which Trade receivables: +€23,792
- Tangible fixed assets +€3,462
up €3,462, from €0 to €3,462
of which Other tangible fixed assets: +€3,462
- Deferred charges and accrued income +€2,276
new in 2024: €2,276
- Profit (loss) carried forward +€44,886
up €44,886 (+104%), from €43,076 to €87,962
- Trade debts +€33,652
up €33,652 (+172%), from €19,513 to €53,165
- Debts after one year +€20,000
new in 2024: €20,000
- Tax, wage and social debts -€13,121
down €13,121 (-30.1%), from €43,582 to €30,461
of which Remuneration and social security: -€21,802
- Provisions +€10,000
up €10,000 (+50.0%), from €20,000 to €30,000
- Turnover -€293,239
no longer reported in 2024 (was €293,239)
- Write-downs -€30,000
new in 2024: -€30,000
- Gross operating margin -€28,019
down €28,019 (-48.2%), from €58,130 to €30,111
- Provisions +€20,000
no longer reported in 2024 (was -€20,000)
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 | €129,171 | €224,588 | +€95,417 | +73.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €0 | €3,462 | +€3,462 | |
| Tangible fixed assets | 22/27 | €0 | €3,462 | +€3,462 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | €3,462 | +€3,462 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €129,171 | €221,126 | +€91,955 | +71.2% |
| Amounts receivable within one year | 40/41 | €73,489 | €113,387 | +€39,898 | +54.3% |
| Trade receivables | 40 | €60,781 | €84,573 | +€23,792 | +39.1% |
| Other amounts receivable | 41 | €12,708 | €28,814 | +€16,106 | +127% |
| Cash at bank and in hand | 54/58 | €55,682 | €105,463 | +€49,781 | +89.4% |
| Deferred charges and accrued income | 490/1 | - | €2,276 | +€2,276 | |
| Total equity and liabilities | 10/49 | €129,171 | €224,588 | +€95,417 | +73.9% |
| Equity | 10/15 | €46,076 | €90,962 | +€44,886 | +97.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,076 | €87,962 | +€44,886 | +104% |
| Provisions and deferred taxes | 16 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Major repairs and maintenance | 162 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Amounts payable | 17/49 | €63,095 | €103,626 | +€40,531 | +64.2% |
| Amounts payable after more than one year | 17 | - | €20,000 | +€20,000 | |
| Financial debts | 170/4 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €63,095 | €83,626 | +€20,531 | +32.5% |
| Trade debts | 44 | €19,513 | €53,165 | +€33,652 | +172% |
| Suppliers | 440/4 | €19,513 | €53,165 | +€33,652 | +172% |
| Taxes, remuneration and social security | 45 | €43,582 | €30,461 | -€13,121 | -30.1% |
| Taxes | 450/3 | €15,582 | €24,263 | +€8,681 | +55.7% |
| Remuneration and social security | 454/9 | €28,000 | €6,198 | -€21,802 | -77.9% |
| Turnover | 70 | €293,239 | - | -€293,239 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,731 | +€1,731 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€30,000 | -€30,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€20,000 | - | +€20,000 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €58,130 | €30,111 | -€28,019 | -48.2% |
| Operating profit (loss) | 9901 | €78,130 | €58,380 | -€19,750 | -25.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €0 | - | = | |
| Recurring financial charges | 65 | €0 | - | = | |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €78,130 | €58,380 | -€19,750 | -25.3% |
| Income taxes | 67/77 | €10,769 | €13,494 | +€2,725 | +25.3% |
| Profit (loss) for the period | 9904 | €67,361 | €44,886 | -€22,475 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,361 | €44,886 | -€22,475 | -33.4% |
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 27 October 2026 via checked.be.