ro.HVAC: 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.
ro.HVAC
Largest movements
- Cash -€7,084
down €7,084 (-23.0%), from €30,765 to €23,681
mainly Tax, wage and social debts (-€5,522) and Debts after one year (-€5,224)
- Tangible fixed assets -€4,930
down €4,930 (-25.3%), from €19,492 to €14,562
- Receivables within one year +€1,296
up €1,296 (+53.8%), from €2,408 to €3,703
- Tax, wage and social debts -€5,522
down €5,522 (-84.8%), from €6,510 to €989
of which Taxes: -€5,946
- Debts after one year -€5,224
down €5,224 (-31.3%), from €16,696 to €11,472
- Profit (loss) carried forward +€1,205
up €1,205 (+8.7%), from €13,883 to €15,088
- Other debts -€1,025
down €1,025 (-10.5%), from €9,723 to €8,698
- Other operating charges -€3,598
down €3,598 (-78.8%), from €4,567 to €969
- Gross operating margin -€3,594
down €3,594 (-26.4%), from €13,601 to €10,007
- Taxes +€495
up €495 (+802%), from €62 to €557
- Financial charges +€366
up €366 (+18.5%), from €1,980 to €2,346
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 | €52,665 | €41,946 | -€10,719 | -20.4% |
| Fixed assets | 21/28 | €19,492 | €14,562 | -€4,930 | -25.3% |
| Tangible fixed assets | 22/27 | €19,492 | €14,562 | -€4,930 | -25.3% |
| Furniture and vehicles | 24 | €19,492 | €14,562 | -€4,930 | -25.3% |
| Current assets | 29/58 | €33,173 | €27,385 | -€5,788 | -17.4% |
| Amounts receivable within one year | 40/41 | €2,408 | €3,703 | +€1,296 | +53.8% |
| Other amounts receivable | 41 | €2,408 | €3,703 | +€1,296 | +53.8% |
| Cash at bank and in hand | 54/58 | €30,765 | €23,681 | -€7,084 | -23.0% |
| Total equity and liabilities | 10/49 | €52,665 | €41,946 | -€10,719 | -20.4% |
| Equity | 10/15 | €13,884 | €15,089 | +€1,205 | +8.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,883 | €15,088 | +€1,205 | +8.7% |
| Amounts payable | 17/49 | €38,781 | €26,857 | -€11,924 | -30.7% |
| Amounts payable after more than one year | 17 | €16,696 | €11,472 | -€5,224 | -31.3% |
| Financial debts | 170/4 | €16,696 | €11,472 | -€5,224 | -31.3% |
| Amounts payable within one year | 42/48 | €22,085 | €15,385 | -€6,700 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €4,910 | €5,224 | +€314 | +6.4% |
| Trade debts | 44 | €942 | €474 | -€468 | -49.7% |
| Suppliers | 440/4 | €942 | €474 | -€468 | -49.7% |
| Taxes, remuneration and social security | 45 | €6,510 | €989 | -€5,522 | -84.8% |
| Taxes | 450/3 | €6,510 | €565 | -€5,946 | -91.3% |
| Remuneration and social security | 454/9 | - | €424 | +€424 | |
| Other amounts payable | 47/48 | €9,723 | €8,698 | -€1,025 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,930 | €4,930 | = | 0.0% |
| Other operating charges | 640/8 | €4,567 | €969 | -€3,598 | -78.8% |
| Gross operating margin | 9900 | €13,601 | €10,007 | -€3,594 | -26.4% |
| Operating profit (loss) | 9901 | €4,104 | €4,108 | +€4 | +0.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,980 | €2,346 | +€366 | +18.5% |
| Recurring financial charges | 65 | €1,980 | €2,346 | +€366 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €2,124 | €1,762 | -€362 | -17.1% |
| Income taxes | 67/77 | €62 | €557 | +€495 | +802% |
| Profit (loss) for the period | 9904 | €2,063 | €1,205 | -€857 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,063 | €1,205 | -€857 | -41.6% |
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 16 October 2026 via checked.be.