TG Vloerverwarming: 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.
TG Vloerverwarming
Largest movements
- Receivables within one year -€113,123
down €113,123 (-38.7%), from €292,033 to €178,910
of which Trade receivables: -€113,123
- Stocks and contracts +€104,943
up €104,943 (+46.4%), from €226,137 to €331,080
- Cash +€13,595
up €13,595 (+33.2%), from €40,932 to €54,527
mainly Receivables within one year (+€113,123) and Net result for the year (+€43,401)
- Tangible fixed assets -€6,673
down €6,673 (-27.8%), from €24,006 to €17,333
of which Land and buildings: -€6,342
- Trade debts -€44,321
down €44,321 (-48.8%), from €90,903 to €46,582
- Profit (loss) carried forward +€43,401
up €43,401 (+45.5%), from €95,285 to €138,686
- Debts after one year -€14,538
down €14,538 (-5.5%), from €264,538 to €250,000
- Other debts +€14,091
up €14,091 (+74.9%), from €18,804 to €32,895
- Gross operating margin +€76,913
up €76,913, from -€64 to €76,849
- Financial charges -€6,887
down €6,887 (-33.5%), from €20,568 to €13,681
- Taxes +€6,801
up €6,801 (+728%), from €934 to €7,736
- Other operating charges -€4,067
down €4,067 (-75.6%), from €5,381 to €1,314
- Depreciation +€771
up €771 (+7.2%), from €10,741 to €11,512
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 | €595,723 | €594,523 | -€1,200 | -0.2% |
| Fixed assets | 21/28 | €31,887 | €28,550 | -€3,337 | -10.5% |
| Intangible fixed assets | 21 | €7,881 | €11,217 | +€3,336 | +42.3% |
| Tangible fixed assets | 22/27 | €24,006 | €17,333 | -€6,673 | -27.8% |
| Land and buildings | 22 | €15,067 | €8,726 | -€6,342 | -42.1% |
| Plant, machinery and equipment | 23 | €1,978 | €4,352 | +€2,374 | +120% |
| Furniture and vehicles | 24 | €6,961 | €4,256 | -€2,706 | -38.9% |
| Current assets | 29/58 | €563,835 | €565,972 | +€2,137 | +0.4% |
| Stocks and contracts in progress | 3 | €226,137 | €331,080 | +€104,943 | +46.4% |
| Stocks | 30/36 | €226,137 | €331,080 | +€104,943 | +46.4% |
| Amounts receivable within one year | 40/41 | €292,033 | €178,910 | -€113,123 | -38.7% |
| Trade receivables | 40 | €290,492 | €177,369 | -€113,123 | -38.9% |
| Other amounts receivable | 41 | €1,541 | €1,541 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,932 | €54,527 | +€13,595 | +33.2% |
| Deferred charges and accrued income | 490/1 | €4,733 | €1,455 | -€3,279 | -69.3% |
| Total equity and liabilities | 10/49 | €595,723 | €594,523 | -€1,200 | -0.2% |
| Equity | 10/15 | €140,734 | €184,135 | +€43,401 | +30.8% |
| Contributions | 10/11 | €13,020 | €13,020 | = | 0.0% |
| Reserves | 13 | €32,429 | €32,429 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,569 | €30,569 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,285 | €138,686 | +€43,401 | +45.5% |
| Amounts payable | 17/49 | €454,988 | €410,388 | -€44,601 | -9.8% |
| Amounts payable after more than one year | 17 | €264,538 | €250,000 | -€14,538 | -5.5% |
| Financial debts | 170/4 | €264,538 | €250,000 | -€14,538 | -5.5% |
| Amounts payable within one year | 42/48 | €185,191 | €151,980 | -€33,211 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | €40,000 | -€5,000 | -11.1% |
| Trade debts | 44 | €90,903 | €46,582 | -€44,321 | -48.8% |
| Suppliers | 440/4 | €90,903 | €46,582 | -€44,321 | -48.8% |
| Taxes, remuneration and social security | 45 | €30,484 | €32,503 | +€2,019 | +6.6% |
| Taxes | 450/3 | €30,473 | €32,503 | +€2,030 | +6.7% |
| Remuneration and social security | 454/9 | €11 | - | -€11 | |
| Other amounts payable | 47/48 | €18,804 | €32,895 | +€14,091 | +74.9% |
| Accrued charges and deferred income | 492/3 | €5,260 | €8,408 | +€3,148 | +59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,741 | €11,512 | +€771 | +7.2% |
| Other operating charges | 640/8 | €5,381 | €1,314 | -€4,067 | -75.6% |
| Gross operating margin | 9900 | -€64 | €76,849 | +€76,913 | |
| Operating profit (loss) | 9901 | -€16,185 | €64,023 | +€80,209 | |
| Financial income | 75/76B | €311 | €794 | +€483 | +155% |
| Recurring financial income | 75 | €311 | €794 | +€483 | +155% |
| Financial charges | 65/66B | €20,568 | €13,681 | -€6,887 | -33.5% |
| Recurring financial charges | 65 | €20,568 | €13,681 | -€6,887 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€36,442 | €51,136 | +€87,579 | |
| Income taxes | 67/77 | €934 | €7,736 | +€6,801 | +728% |
| Profit (loss) for the period | 9904 | -€37,377 | €43,401 | +€80,778 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,377 | €43,401 | +€80,778 |
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 19 October 2026 via checked.be.