TD 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.
TD Heating
Largest movements
- Cash +€13,064
up €13,064 (+45.2%), from €28,930 to €41,994
mainly Current portion of long-term debt (+€150,000) and Stocks and contracts (+€7,989)
- Receivables within one year +€8,775
up €8,775 (+2.8%), from €314,338 to €323,113
of which Other amounts receivable: +€25,252
- Stocks and contracts -€7,989
down €7,989 (-10.3%), from €77,605 to €69,616
- Current portion of long-term debt +€150,000
up €150,000 (+150%), from €100,000 to €250,000
- Trade debts -€122,502
down €122,502 (-51.8%), from €236,386 to €113,884
- Profit (loss) carried forward -€7,550
down €7,550 (-12.8%), from €58,859 to €51,308
- Tax, wage and social debts -€5,767
down €5,767 (-49.9%), from €11,554 to €5,787
of which Remuneration and social security: -€5,231
- Gross operating margin -€12,210
down €12,210 (-31.4%), from €38,894 to €26,684
- Staff costs -€7,702
down €7,702 (-27.2%), from €28,336 to €20,634
- Financial charges +€6,569
up €6,569 (+293%), from €2,245 to €8,813
- Other operating charges -€1,952
down €1,952 (-86.5%), from €2,256 to €304
- Depreciation -€1,344
down €1,344 (-44.1%), from €3,046 to €1,702
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 | €427,808 | €440,979 | +€13,171 | +3.1% |
| Fixed assets | 21/28 | €6,457 | €5,785 | -€672 | -10.4% |
| Tangible fixed assets | 22/27 | €6,457 | €5,785 | -€672 | -10.4% |
| Plant, machinery and equipment | 23 | €2,657 | €1,294 | -€1,363 | -51.3% |
| Furniture and vehicles | 24 | €3,800 | €4,491 | +€691 | +18.2% |
| Current assets | 29/58 | €421,351 | €435,194 | +€13,844 | +3.3% |
| Stocks and contracts in progress | 3 | €77,605 | €69,616 | -€7,989 | -10.3% |
| Stocks | 30/36 | €77,605 | €69,616 | -€7,989 | -10.3% |
| Amounts receivable within one year | 40/41 | €314,338 | €323,113 | +€8,775 | +2.8% |
| Trade receivables | 40 | €232,761 | €216,284 | -€16,477 | -7.1% |
| Other amounts receivable | 41 | €81,577 | €106,829 | +€25,252 | +31.0% |
| Cash at bank and in hand | 54/58 | €28,930 | €41,994 | +€13,064 | +45.2% |
| Deferred charges and accrued income | 490/1 | €477 | €471 | -€6 | -1.2% |
| Total equity and liabilities | 10/49 | €427,808 | €440,979 | +€13,171 | +3.1% |
| Equity | 10/15 | €78,859 | €71,308 | -€7,550 | -9.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,859 | €51,308 | -€7,550 | -12.8% |
| Amounts payable | 17/49 | €348,949 | €369,671 | +€20,722 | +5.9% |
| Amounts payable within one year | 42/48 | €348,949 | €369,671 | +€20,722 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €250,000 | +€150,000 | +150% |
| Trade debts | 44 | €236,386 | €113,884 | -€122,502 | -51.8% |
| Suppliers | 440/4 | €236,386 | €113,884 | -€122,502 | -51.8% |
| Taxes, remuneration and social security | 45 | €11,554 | €5,787 | -€5,767 | -49.9% |
| Taxes | 450/3 | €3,008 | €2,472 | -€536 | -17.8% |
| Remuneration and social security | 454/9 | €8,546 | €3,315 | -€5,231 | -61.2% |
| Other amounts payable | 47/48 | €1,010 | - | -€1,010 | |
| Remuneration, social security and pensions | 62 | €28,336 | €20,634 | -€7,702 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,046 | €1,702 | -€1,344 | -44.1% |
| Other operating charges | 640/8 | €2,256 | €304 | -€1,952 | -86.5% |
| Gross operating margin | 9900 | €38,894 | €26,684 | -€12,210 | -31.4% |
| Operating profit (loss) | 9901 | €5,256 | €4,044 | -€1,212 | -23.1% |
| Financial income | 75/76B | €19 | €74 | +€55 | +295% |
| Recurring financial income | 75 | €19 | €74 | +€55 | +295% |
| Financial charges | 65/66B | €2,245 | €8,813 | +€6,569 | +293% |
| Recurring financial charges | 65 | €2,245 | €8,813 | +€6,569 | +293% |
| Profit (loss) for the period before taxes | 9903 | €3,030 | -€4,696 | -€7,726 | |
| Income taxes | 67/77 | €2,804 | €2,855 | +€51 | +1.8% |
| Profit (loss) for the period | 9904 | €227 | -€7,550 | -€7,777 | |
| Profit (loss) for the period to be appropriated | 9905 | €227 | -€7,550 | -€7,777 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.