NAFTECH HVAC ENGINEERING: 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.
NAFTECH HVAC ENGINEERING
Largest movements
- Cash -€2,476
down €2,476 (-99.9%), from €2,479 to €3
mainly Other debts (-€1,655) and Net result for the year (-€1,529)
- Formation expenses -€499
down €499 (-45.4%), from €1,099 to €600
- Receivables within one year +€40
up €40 (+10.9%), from €365 to €405
- Other debts -€1,655
down €1,655 (-97.2%), from €1,702 to €48
- Profit (loss) carried forward -€1,529
down €1,529 (-67.7%), from -€2,258 to -€3,788
- Trade debts +€248
new in 2025: €248
- Other operating charges -€110
no longer reported in 2025 (was €110)
- Gross operating margin +€44
up €44 (+4.3%), from -€1,034 to -€989
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 | €3,944 | €1,008 | -€2,936 | -74.4% |
| Formation expenses | 20 | €1,099 | €600 | -€499 | -45.4% |
| Current assets | 29/58 | €2,845 | €409 | -€2,436 | -85.6% |
| Amounts receivable within one year | 40/41 | €365 | €405 | +€40 | +10.9% |
| Other amounts receivable | 41 | €365 | €405 | +€40 | +10.9% |
| Cash at bank and in hand | 54/58 | €2,479 | €3 | -€2,476 | -99.9% |
| Total equity and liabilities | 10/49 | €3,944 | €1,008 | -€2,936 | -74.4% |
| Equity | 10/15 | €2,242 | €712 | -€1,529 | -68.2% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,258 | -€3,788 | -€1,529 | -67.7% |
| Amounts payable | 17/49 | €1,702 | €296 | -€1,406 | -82.6% |
| Amounts payable within one year | 42/48 | €1,702 | €296 | -€1,406 | -82.6% |
| Trade debts | 44 | - | €248 | +€248 | |
| Suppliers | 440/4 | - | €248 | +€248 | |
| Other amounts payable | 47/48 | €1,702 | €48 | -€1,655 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499 | €499 | = | 0.0% |
| Other operating charges | 640/8 | €110 | - | -€110 | |
| Gross operating margin | 9900 | -€1,034 | -€989 | +€44 | +4.3% |
| Operating profit (loss) | 9901 | -€1,643 | -€1,489 | +€154 | +9.4% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,682 | -€1,529 | +€153 | +9.1% |
| Profit (loss) for the period | 9904 | -€1,682 | -€1,529 | +€153 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,682 | -€1,529 | +€153 | +9.1% |
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.