Klimatherm: what changed
Two fiscal 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.
Klimatherm
Largest movements
- Tangible fixed assets -€32,455
down €32,455 (-9.1%), from €354,704 to €322,249
of which Furniture and vehicles: -€22,953
- Cash -€12,233
down €12,233 (-37.8%), from €32,332 to €20,100
mainly Debts after one year (-€38,397) and Tax, wage and social debts (-€8,986)
- Debts after one year -€38,397
down €38,397 (-12.7%), from €302,472 to €264,075
of which Financial debts: -€28,479
- Tax, wage and social debts -€8,986
down €8,986 (-46.1%), from €19,500 to €10,514
of which Taxes: -€9,000
- Trade debts +€6,682
up €6,682 (+77.9%), from €8,579 to €15,261
- Gross operating margin -€18,776
down €18,776 (-27.0%), from €69,640 to €50,864
- Depreciation -€16,040
down €16,040 (-31.2%), from €51,361 to €35,321
- Financial charges +€8,092
up €8,092 (+209.1%), from €3,871 to €11,963
- Taxes -€1,853
down €1,853 (-38.6%), from €4,800 to €2,947
- Staff costs -€1,406
down €1,406 (-68.6%), from €2,050 to €644
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 | €412,072 | €371,024 | -€41,048 | -10.0% |
| Fixed assets | 21/28 | €354,704 | €322,249 | -€32,455 | -9.1% |
| Tangible fixed assets | 22/27 | €354,704 | €322,249 | -€32,455 | -9.1% |
| Land and buildings | 22 | €246,952 | €237,577 | -€9,375 | -3.8% |
| Plant, machinery and equipment | 23 | €9,529 | €9,402 | -€127 | -1.3% |
| Furniture and vehicles | 24 | €98,223 | €75,270 | -€22,953 | -23.4% |
| Current assets | 29/58 | €57,368 | €48,775 | -€8,594 | -15.0% |
| Amounts receivable within one year | 40/41 | €25,036 | €28,675 | +€3,639 | +14.5% |
| Trade receivables | 40 | €20,055 | €24,516 | +€4,462 | +22.2% |
| Other amounts receivable | 41 | €4,982 | €4,159 | -€823 | -16.5% |
| Cash at bank and in hand | 54/58 | €32,332 | €20,100 | -€12,233 | -37.8% |
| Total equity and liabilities | 10/49 | €412,072 | €371,024 | -€41,048 | -10.0% |
| Equity | 10/15 | €51,915 | €50,372 | -€1,542 | -3.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,915 | €50,915 | = | 0.0% |
| Distributable reserves | 133 | €50,915 | €50,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,542 | -€1,542 | |
| Amounts payable | 17/49 | €360,158 | €320,651 | -€39,506 | -11.0% |
| Amounts payable after more than one year | 17 | €302,472 | €264,075 | -€38,397 | -12.7% |
| Financial debts | 170/4 | €290,231 | €261,751 | -€28,479 | -9.8% |
| Other amounts payable | 178/9 | €12,241 | €2,323 | -€9,918 | -81.0% |
| Amounts payable within one year | 42/48 | €57,686 | €56,577 | -€1,109 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €29,607 | €30,802 | +€1,195 | +4.0% |
| Trade debts | 44 | €8,579 | €15,261 | +€6,682 | +77.9% |
| Suppliers | 440/4 | €8,579 | €15,261 | +€6,682 | +77.9% |
| Taxes, remuneration and social security | 45 | €19,500 | €10,514 | -€8,986 | -46.1% |
| Taxes | 450/3 | €17,000 | €8,000 | -€9,000 | -52.9% |
| Remuneration and social security | 454/9 | €2,500 | €2,514 | +€14 | +0.6% |
| Remuneration, social security and pensions | 62 | €2,050 | €644 | -€1,406 | -68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,361 | €35,321 | -€16,040 | -31.2% |
| Other operating charges | 640/8 | €1,221 | €1,531 | +€311 | +25.5% |
| Gross operating margin | 9900 | €69,640 | €50,864 | -€18,776 | -27.0% |
| Operating profit (loss) | 9901 | €15,009 | €13,368 | -€1,641 | -10.9% |
| Financial charges | 65/66B | €3,871 | €11,963 | +€8,092 | +209.1% |
| Recurring financial charges | 65 | €3,871 | €11,963 | +€8,092 | +209.1% |
| Profit (loss) for the period before taxes | 9903 | €11,139 | €1,405 | -€9,734 | -87.4% |
| Income taxes | 67/77 | €4,800 | €2,947 | -€1,853 | -38.6% |
| Profit (loss) for the period | 9904 | €6,339 | -€1,542 | -€7,881 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,339 | -€1,542 | -€7,881 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.