JD Heating & Zn: what changed
What changed
JD Heating & Zn
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€57,049
2024 · -€16,358+€73,407
Equity
€201,672
2024 · €154,623+€47,049
Cash
€40,261
2024 · €8,372+€31,889
Balance sheet total
€627,514
2024 · €590,705+€36,808
Largest movements
Assets
- Receivables within one year -€47,251
down €47,251 (-46.3%), from €102,078 to €54,827
of which Trade receivables: -€39,645
- Receivables after one year +€38,100
up €38,100 (+23.0%), from €165,361 to €203,461
- Cash +€31,889
up €31,889 (+381%), from €8,372 to €40,261
mainly Trade debts (+€67,461) and Net result for the year (+€57,049)
- Stocks and contracts +€13,998
up €13,998 (+26.4%), from €52,950 to €66,948
- Deferred charges and accrued income +€13,485
up €13,485 (+272%), from €4,955 to €18,440
Equity and liabilities
- Trade debts +€67,461
up €67,461 (+230%), from €29,358 to €96,818
- Reserves +€30,690
up €30,690 (+19.1%), from €160,981 to €191,672
- Debts after one year -€26,279
down €26,279 (-14.3%), from €183,939 to €157,660
- Current portion of long-term debt -€25,365
down €25,365 (-34.4%), from €73,813 to €48,448
- Short-term financial debts -€20,000
down €20,000 (-26.7%), from €75,000 to €55,000
Income statement
- Gross operating margin +€96,978
up €96,978 (+66.6%), from €145,702 to €242,680
- Write-downs +€26,284
new in 2025: €26,284
- Taxes +€16,233
up €16,233 (+45,805%), from €35 to €16,269
- Staff costs -€13,077
down €13,077 (-12.5%), from €104,498 to €91,421
- Financial income +€11,869
up €11,869 (+2,205%), from €538 to €12,407
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
-€16,358
Gross operating margin
+€96,978
Staff costs
+€13,077
Depreciation
+€1,329
Write-downs
-€26,284
Other operating charges
-€323
Other operating items
-€8,560
Financial income
+€11,869
Financial charges
+€1,553
Taxes
-€16,233
Result 2025
€57,049
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
+€137,912
Investment
-€24,380
Financing
-€81,644
Cash 2024
€8,372
From operations (derived)
+€137,912
Net result for the year
+€57,049
Depreciation
+€37,792
Receivables after one year
-€38,100
Stocks and contracts
-€13,998
Receivables within one year
+€47,251
Deferred charges and accrued income
-€13,485
Trade debts
+€67,461
Tax, wage and social debts
+€2,700
Other debts
+€9,149
Accrued charges and deferred income
-€17,907
Investment (derived)
-€24,380
Investment in fixed assets (net)
-€24,380
Financing
-€81,644
Debts after one year
-€26,279
Current portion of long-term debt
-€25,365
Short-term financial debts
-€20,000
Contributions, distributions and other
-€10,000
Cash 2025
€40,261
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €590,705 | €627,514 | +€36,808 | +6.2% |
| Fixed assets | 21/28 | €256,989 | €243,576 | -€13,413 | -5.2% |
| Intangible fixed assets | 21 | €6,148 | €8,650 | +€2,502 | +40.7% |
| Tangible fixed assets | 22/27 | €241,841 | €234,926 | -€6,915 | -2.9% |
| Land and buildings | 22 | €183,696 | €195,824 | +€12,128 | +6.6% |
| Plant, machinery and equipment | 23 | €13,122 | €6,832 | -€6,290 | -47.9% |
| Furniture and vehicles | 24 | €45,023 | €30,784 | -€14,239 | -31.6% |
| Other tangible fixed assets | 26 | - | €1,485 | +€1,485 | |
| Financial fixed assets | 28 | €9,000 | - | -€9,000 | |
| Current assets | 29/58 | €333,716 | €383,937 | +€50,221 | +15.0% |
| Amounts receivable after more than one year | 29 | €165,361 | €203,461 | +€38,100 | +23.0% |
| Trade receivables | 290 | €165,361 | €203,461 | +€38,100 | +23.0% |
| Stocks and contracts in progress | 3 | €52,950 | €66,948 | +€13,998 | +26.4% |
| Stocks | 30/36 | €52,950 | €66,948 | +€13,998 | +26.4% |
| Amounts receivable within one year | 40/41 | €102,078 | €54,827 | -€47,251 | -46.3% |
| Trade receivables | 40 | €88,192 | €48,547 | -€39,645 | -45.0% |
| Other amounts receivable | 41 | €13,886 | €6,280 | -€7,606 | -54.8% |
| Cash at bank and in hand | 54/58 | €8,372 | €40,261 | +€31,889 | +381% |
| Deferred charges and accrued income | 490/1 | €4,955 | €18,440 | +€13,485 | +272% |
| Total equity and liabilities | 10/49 | €590,705 | €627,514 | +€36,808 | +6.2% |
| Equity | 10/15 | €154,623 | €201,672 | +€47,049 | +30.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €160,981 | €191,672 | +€30,690 | +19.1% |
| Distributable reserves | 133 | €160,981 | €191,672 | +€30,690 | +19.1% |
| Profit (loss) carried forward | 14 | -€16,358 | - | +€16,358 | |
| Amounts payable | 17/49 | €436,082 | €425,842 | -€10,240 | -2.3% |
| Amounts payable after more than one year | 17 | €183,939 | €157,660 | -€26,279 | -14.3% |
| Financial debts | 170/4 | €183,939 | €157,660 | -€26,279 | -14.3% |
| Amounts payable within one year | 42/48 | €232,147 | €266,093 | +€33,946 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €73,813 | €48,448 | -€25,365 | -34.4% |
| Financial debts | 43 | €75,000 | €55,000 | -€20,000 | -26.7% |
| Credit institutions | 430/8 | €75,000 | €55,000 | -€20,000 | -26.7% |
| Trade debts | 44 | €29,358 | €96,818 | +€67,461 | +230% |
| Suppliers | 440/4 | €29,358 | €96,818 | +€67,461 | +230% |
| Taxes, remuneration and social security | 45 | €12,977 | €15,677 | +€2,700 | +20.8% |
| Taxes | 450/3 | €7,963 | €9,751 | +€1,788 | +22.5% |
| Remuneration and social security | 454/9 | €5,013 | €5,925 | +€912 | +18.2% |
| Other amounts payable | 47/48 | €41,000 | €50,149 | +€9,149 | +22.3% |
| Accrued charges and deferred income | 492/3 | €19,996 | €2,090 | -€17,907 | -89.6% |
| Non-recurring operating income | 76A | - | €1,612 | +€1,612 | |
| Remuneration, social security and pensions | 62 | €104,498 | €91,421 | -€13,077 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,122 | €37,792 | -€1,329 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €26,284 | +€26,284 | |
| Other operating charges | 640/8 | €3,646 | €3,968 | +€323 | +8.8% |
| Non-recurring operating charges | 66A | €993 | €9,553 | +€8,560 | +862% |
| Gross operating margin | 9900 | €145,702 | €242,680 | +€96,978 | +66.6% |
| Operating profit (loss) | 9901 | -€2,557 | €73,662 | +€76,219 | |
| Financial income | 75/76B | €538 | €12,407 | +€11,869 | +2,205% |
| Recurring financial income | 75 | €538 | €12,407 | +€11,869 | +2,205% |
| Financial charges | 65/66B | €14,305 | €12,752 | -€1,553 | -10.9% |
| Recurring financial charges | 65 | €14,305 | €12,752 | -€1,553 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,323 | €73,317 | +€89,640 | |
| Income taxes | 67/77 | €35 | €16,269 | +€16,233 | +45,805% |
| Profit (loss) for the period | 9904 | -€16,358 | €57,049 | +€73,407 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,358 | €57,049 | +€73,407 |
Next steps
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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 6 November 2026 via checked.be.