N.V. CLIMAX: what changed
N.V. CLIMAX
Largest movements
- Tangible fixed assets -€24,853
down €24,853 (-14.1%), from €176,608 to €151,755
- Receivables within one year +€9,488
up €9,488 (+6.5%), from €145,688 to €155,176
of which Other amounts receivable: +€8,739
- Debts after one year -€32,077
down €32,077 (-18.1%), from €177,024 to €144,948
- Profit (loss) carried forward +€30,785
up €30,785 (+14.4%), from -€213,868 to -€183,083
- Trade debts -€11,514
down €11,514 (-77.2%), from €14,914 to €3,400
- Current portion of long-term debt -€7,453
down €7,453 (-18.2%), from €41,031 to €33,578
- Short-term financial debts +€4,894
up €4,894 (+22.3%), from €21,954 to €26,848
- Gross operating margin +€21,803
up €21,803 (+39.8%), from €54,794 to €76,597
- Financial charges -€1,472
down €1,472 (-12.5%), from €11,743 to €10,271
- Financial income -€1,303
down €1,303 (-45.1%), from €2,891 to €1,589
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,159 | €308,793 | -€15,365 | -4.7% |
| Fixed assets | 21/28 | €176,608 | €151,755 | -€24,853 | -14.1% |
| Tangible fixed assets | 22/27 | €176,608 | €151,755 | -€24,853 | -14.1% |
| Land and buildings | 22 | €176,608 | €151,755 | -€24,853 | -14.1% |
| Current assets | 29/58 | €147,550 | €157,039 | +€9,488 | +6.4% |
| Amounts receivable within one year | 40/41 | €145,688 | €155,176 | +€9,488 | +6.5% |
| Trade receivables | 40 | €51,127 | €51,877 | +€749 | +1.5% |
| Other amounts receivable | 41 | €94,561 | €103,300 | +€8,739 | +9.2% |
| Deferred charges and accrued income | 490/1 | €1,862 | €1,862 | = | 0.0% |
| Total equity and liabilities | 10/49 | €324,159 | €308,793 | -€15,365 | -4.7% |
| Equity | 10/15 | €27,144 | €57,928 | +€30,785 | +113% |
| Contributions | 10/11 | €225,600 | €225,600 | = | 0.0% |
| Capital | 10 | €225,600 | €225,600 | = | 0.0% |
| Issued capital | 100 | €225,600 | €225,600 | = | 0.0% |
| Reserves | 13 | €15,412 | €15,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,300 | €7,300 | = | 0.0% |
| Legal reserve | 130 | €7,300 | €7,300 | = | 0.0% |
| Distributable reserves | 133 | €8,112 | €8,112 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,868 | -€183,083 | +€30,785 | +14.4% |
| Amounts payable | 17/49 | €297,015 | €250,865 | -€46,150 | -15.5% |
| Amounts payable after more than one year | 17 | €177,024 | €144,948 | -€32,077 | -18.1% |
| Financial debts | 170/4 | €177,024 | €144,948 | -€32,077 | -18.1% |
| Amounts payable within one year | 42/48 | €119,991 | €105,918 | -€14,073 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €41,031 | €33,578 | -€7,453 | -18.2% |
| Financial debts | 43 | €21,954 | €26,848 | +€4,894 | +22.3% |
| Credit institutions | 430/8 | €21,954 | €26,848 | +€4,894 | +22.3% |
| Trade debts | 44 | €14,914 | €3,400 | -€11,514 | -77.2% |
| Suppliers | 440/4 | €14,914 | €3,400 | -€11,514 | -77.2% |
| Other amounts payable | 47/48 | €42,091 | €42,091 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,843 | €24,853 | +€10 | 0.0% |
| Other operating charges | 640/8 | €11,800 | €12,276 | +€477 | +4.0% |
| Gross operating margin | 9900 | €54,794 | €76,597 | +€21,803 | +39.8% |
| Operating profit (loss) | 9901 | €18,151 | €39,467 | +€21,316 | +117% |
| Financial income | 75/76B | €2,891 | €1,589 | -€1,303 | -45.1% |
| Recurring financial income | 75 | €2,891 | €1,589 | -€1,303 | -45.1% |
| Financial charges | 65/66B | €11,743 | €10,271 | -€1,472 | -12.5% |
| Recurring financial charges | 65 | €11,743 | €10,271 | -€1,472 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €9,299 | €30,785 | +€21,485 | +231% |
| Profit (loss) for the period | 9904 | €9,299 | €30,785 | +€21,485 | +231% |
| Profit (loss) for the period to be appropriated | 9905 | €9,299 | €30,785 | +€21,485 | +231% |
Next steps
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 4 November 2026 via checked.be.