MEASUREMENT & HEATING: 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.
MEASUREMENT & HEATING
Largest movements
- Cash -€40,814
down €40,814 (-40.3%), from €101,327 to €60,513
mainly Trade debts (-€16,822) and Deferred charges and accrued income (-€12,744)
- Deferred charges and accrued income +€12,744
up €12,744 (+99.4%), from €12,820 to €25,563
- Receivables within one year +€9,416
up €9,416 (+9.7%), from €96,878 to €106,294
of which Other amounts receivable: +€17,111
- Trade debts -€16,822
down €16,822 (-25.8%), from €65,204 to €48,382
- Reserves +€6,565
up €6,565 (+5.3%), from €124,507 to €131,072
of which Distributable reserves: +€6,565
- Tax, wage and social debts -€5,686
down €5,686 (-21.9%), from €26,002 to €20,317
of which Taxes: -€5,713
- Gross operating margin -€43,809
down €43,809 (-65.7%), from €66,634 to €22,825
- Taxes -€12,962
down €12,962 (-68.4%), from €18,945 to €5,983
- Depreciation +€1,701
up €1,701 (+31.5%), from €5,407 to €7,108
- Write-downs -€1,480
down €1,480 (-100%), from €1,480 to €0
- Financial charges +€1,340
up €1,340 (+83.6%), from €1,604 to €2,944
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.
Derived cash bridge
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 | €230,843 | €212,220 | -€18,623 | -8.1% |
| Fixed assets | 21/28 | €19,819 | €19,850 | +€31 | +0.2% |
| Tangible fixed assets | 22/27 | €19,819 | €19,850 | +€31 | +0.2% |
| Land and buildings | 22 | €1,004 | €805 | -€200 | -19.9% |
| Plant, machinery and equipment | 23 | €9,166 | €8,050 | -€1,116 | -12.2% |
| Furniture and vehicles | 24 | €9,648 | €10,446 | +€798 | +8.3% |
| Other tangible fixed assets | 26 | - | €550 | +€550 | |
| Current assets | 29/58 | €211,025 | €192,370 | -€18,654 | -8.8% |
| Amounts receivable within one year | 40/41 | €96,878 | €106,294 | +€9,416 | +9.7% |
| Trade receivables | 40 | €66,880 | €59,185 | -€7,695 | -11.5% |
| Other amounts receivable | 41 | €29,998 | €47,108 | +€17,111 | +57.0% |
| Cash at bank and in hand | 54/58 | €101,327 | €60,513 | -€40,814 | -40.3% |
| Deferred charges and accrued income | 490/1 | €12,820 | €25,563 | +€12,744 | +99.4% |
| Total equity and liabilities | 10/49 | €230,843 | €212,220 | -€18,623 | -8.1% |
| Equity | 10/15 | €136,907 | €143,472 | +€6,565 | +4.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €124,507 | €131,072 | +€6,565 | +5.3% |
| Tax-exempt reserves | 132 | €2,240 | €2,240 | = | 0.0% |
| Distributable reserves | 133 | €122,268 | €128,832 | +€6,565 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €93,936 | €68,748 | -€25,188 | -26.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €93,936 | €68,748 | -€25,188 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €1,470 | €0 | -€1,470 | -100% |
| Financial debts | 43 | €1,260 | €50 | -€1,210 | -96.0% |
| Credit institutions | 430/8 | €1,260 | €50 | -€1,210 | -96.0% |
| Trade debts | 44 | €65,204 | €48,382 | -€16,822 | -25.8% |
| Suppliers | 440/4 | €65,204 | €48,382 | -€16,822 | -25.8% |
| Taxes, remuneration and social security | 45 | €26,002 | €20,317 | -€5,686 | -21.9% |
| Taxes | 450/3 | €22,803 | €17,090 | -€5,713 | -25.1% |
| Remuneration and social security | 454/9 | €3,199 | €3,227 | +€28 | +0.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €10,176 | +€10,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,407 | €7,108 | +€1,701 | +31.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,480 | €0 | -€1,480 | -100% |
| Other operating charges | 640/8 | €583 | €482 | -€101 | -17.4% |
| Gross operating margin | 9900 | €66,634 | €22,825 | -€43,809 | -65.7% |
| Operating profit (loss) | 9901 | €59,164 | €15,236 | -€43,928 | -74.2% |
| Financial income | 75/76B | €1,024 | €256 | -€768 | -75.0% |
| Recurring financial income | 75 | €1,024 | €256 | -€768 | -75.0% |
| Financial charges | 65/66B | €1,604 | €2,944 | +€1,340 | +83.6% |
| Recurring financial charges | 65 | €1,604 | €2,944 | +€1,340 | +83.6% |
| Profit (loss) for the period before taxes | 9903 | €58,585 | €12,548 | -€46,037 | -78.6% |
| Income taxes | 67/77 | €18,945 | €5,983 | -€12,962 | -68.4% |
| Profit (loss) for the period | 9904 | €39,640 | €6,565 | -€33,075 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,640 | €6,565 | -€33,075 | -83.4% |
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 22 October 2026 via checked.be.