S.D CHAUFFAGE: 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.
S.D CHAUFFAGE
Largest movements
- Cash +€3,593
up €3,593 (+43.4%), from €8,284 to €11,877
mainly Depreciation (+€11,959) and Net result for the year (+€7,892)
- Reserves +€7,892
up €7,892 (+21.9%), from €36,046 to €43,938
- Debts after one year -€6,558
down €6,558 (-23.7%), from €27,667 to €21,108
- Trade debts +€6,440
up €6,440 (+69.0%), from €9,327 to €15,766
- Tax, wage and social debts -€3,941
down €3,941 (-24.9%), from €15,822 to €11,880
of which Taxes: -€2,425
- Depreciation +€8,372
up €8,372 (+233%), from €3,587 to €11,959
- Gross operating margin +€4,606
up €4,606 (+19.3%), from €23,904 to €28,510
- Other operating charges +€4,034
up €4,034 (+611%), from €661 to €4,695
- Financial charges +€1,120
up €1,120 (+814%), from €138 to €1,257
- Taxes -€1,028
down €1,028 (-15.9%), from €6,454 to €5,426
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 | €132,193 | €137,250 | +€5,057 | +3.8% |
| Fixed assets | 21/28 | €49,714 | €48,541 | -€1,174 | -2.4% |
| Tangible fixed assets | 22/27 | €49,714 | €48,541 | -€1,174 | -2.4% |
| Plant, machinery and equipment | 23 | €410 | €0 | -€410 | -100% |
| Furniture and vehicles | 24 | €49,305 | €48,541 | -€764 | -1.5% |
| Current assets | 29/58 | €82,478 | €88,709 | +€6,231 | +7.6% |
| Stocks and contracts in progress | 3 | €4,500 | €5,500 | +€1,000 | +22.2% |
| Stocks | 30/36 | €4,500 | €5,500 | +€1,000 | +22.2% |
| Amounts receivable within one year | 40/41 | €69,596 | €70,873 | +€1,277 | +1.8% |
| Trade receivables | 40 | €11,003 | €19,359 | +€8,356 | +75.9% |
| Other amounts receivable | 41 | €58,593 | €51,514 | -€7,079 | -12.1% |
| Cash at bank and in hand | 54/58 | €8,284 | €11,877 | +€3,593 | +43.4% |
| Deferred charges and accrued income | 490/1 | €98 | €460 | +€361 | +367% |
| Total equity and liabilities | 10/49 | €132,193 | €137,250 | +€5,057 | +3.8% |
| Equity | 10/15 | €72,890 | €80,783 | +€7,892 | +10.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €36,046 | €43,938 | +€7,892 | +21.9% |
| Distributable reserves | 133 | €36,046 | €43,938 | +€7,892 | +21.9% |
| Profit (loss) carried forward | 14 | €32,845 | €32,845 | = | 0.0% |
| Amounts payable | 17/49 | €59,302 | €56,467 | -€2,835 | -4.8% |
| Amounts payable after more than one year | 17 | €27,667 | €21,108 | -€6,558 | -23.7% |
| Financial debts | 170/4 | €27,667 | €21,108 | -€6,558 | -23.7% |
| Amounts payable within one year | 42/48 | €31,635 | €35,359 | +€3,723 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €6,333 | €6,558 | +€225 | +3.6% |
| Trade debts | 44 | €9,327 | €15,766 | +€6,440 | +69.0% |
| Suppliers | 440/4 | €9,327 | €15,766 | +€6,440 | +69.0% |
| Advances received on contracts in progress | 46 | €154 | €1,154 | +€1,000 | +651% |
| Taxes, remuneration and social security | 45 | €15,822 | €11,880 | -€3,941 | -24.9% |
| Taxes | 450/3 | €14,306 | €11,880 | -€2,425 | -17.0% |
| Remuneration and social security | 454/9 | €1,516 | - | -€1,516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,587 | €11,959 | +€8,372 | +233% |
| Other operating charges | 640/8 | €661 | €4,695 | +€4,034 | +611% |
| Gross operating margin | 9900 | €23,904 | €28,510 | +€4,606 | +19.3% |
| Operating profit (loss) | 9901 | €19,657 | €11,857 | -€7,800 | -39.7% |
| Financial income | 75/76B | €2,696 | €2,719 | +€23 | +0.9% |
| Recurring financial income | 75 | €2,696 | €2,719 | +€23 | +0.9% |
| Financial charges | 65/66B | €138 | €1,257 | +€1,120 | +814% |
| Recurring financial charges | 65 | €138 | €1,257 | +€1,120 | +814% |
| Profit (loss) for the period before taxes | 9903 | €22,215 | €13,319 | -€8,896 | -40.0% |
| Income taxes | 67/77 | €6,454 | €5,426 | -€1,028 | -15.9% |
| Profit (loss) for the period | 9904 | €15,761 | €7,892 | -€7,869 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,761 | €7,892 | -€7,869 | -49.9% |
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 31 October 2026 via checked.be.