THQ 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.
THQ Chauffage
Largest movements
- Cash -€32,768
down €32,768 (-16.9%), from €194,338 to €161,570
mainly Other debts (-€27,618) and Debts after one year (-€17,252)
- Tangible fixed assets -€32,692
down €32,692 (-13.7%), from €237,772 to €205,080
of which Furniture and vehicles: -€18,999
- Receivables within one year +€9,931
up €9,931 (+12.2%), from €81,078 to €91,009
of which Other amounts receivable: +€25,231
- Other debts -€27,618
no longer reported in 2025 (was €27,618)
- Debts after one year -€17,252
down €17,252 (-10.2%), from €168,616 to €151,364
- Profit (loss) carried forward -€7,788
down €7,788 (-8.1%), from €95,886 to €88,098
- Current portion of long-term debt -€5,612
down €5,612 (-24.5%), from €22,864 to €17,252
- Gross operating margin -€12,108
down €12,108 (-27.0%), from €44,913 to €32,806
- Other operating charges -€2,595
down €2,595 (-62.1%), from €4,181 to €1,586
- Financial charges +€1,519
up €1,519 (+28.5%), from €5,339 to €6,858
- Taxes -€1,395
down €1,395 (-91.4%), from €1,527 to €132
- Depreciation -€863
down €863 (-2.6%), from €33,555 to €32,692
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 | €529,470 | €467,424 | -€62,047 | -11.7% |
| Fixed assets | 21/28 | €237,822 | €205,130 | -€32,692 | -13.7% |
| Tangible fixed assets | 22/27 | €237,772 | €205,080 | -€32,692 | -13.7% |
| Land and buildings | 22 | €210,671 | €199,191 | -€11,480 | -5.4% |
| Plant, machinery and equipment | 23 | €6,333 | €4,121 | -€2,213 | -34.9% |
| Furniture and vehicles | 24 | €20,767 | €1,769 | -€18,999 | -91.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €291,649 | €262,294 | -€29,355 | -10.1% |
| Stocks and contracts in progress | 3 | €12,771 | €8,099 | -€4,672 | -36.6% |
| Stocks | 30/36 | €12,771 | €8,099 | -€4,672 | -36.6% |
| Amounts receivable within one year | 40/41 | €81,078 | €91,009 | +€9,931 | +12.2% |
| Trade receivables | 40 | €72,605 | €57,305 | -€15,300 | -21.1% |
| Other amounts receivable | 41 | €8,473 | €33,704 | +€25,231 | +298% |
| Cash at bank and in hand | 54/58 | €194,338 | €161,570 | -€32,768 | -16.9% |
| Deferred charges and accrued income | 490/1 | €3,462 | €1,616 | -€1,846 | -53.3% |
| Total equity and liabilities | 10/49 | €529,470 | €467,424 | -€62,047 | -11.7% |
| Equity | 10/15 | €283,086 | €275,298 | -€7,788 | -2.8% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €165,200 | €165,200 | = | 0.0% |
| Distributable reserves | 133 | €165,200 | €165,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,886 | €88,098 | -€7,788 | -8.1% |
| Amounts payable | 17/49 | €246,384 | €192,126 | -€54,258 | -22.0% |
| Amounts payable after more than one year | 17 | €168,616 | €151,364 | -€17,252 | -10.2% |
| Financial debts | 170/4 | €168,616 | €151,364 | -€17,252 | -10.2% |
| Amounts payable within one year | 42/48 | €77,712 | €39,725 | -€37,987 | -48.9% |
| Current portion of amounts payable after more than one year | 42 | €22,864 | €17,252 | -€5,612 | -24.5% |
| Trade debts | 44 | €18,861 | €19,122 | +€261 | +1.4% |
| Suppliers | 440/4 | €18,861 | €19,122 | +€261 | +1.4% |
| Taxes, remuneration and social security | 45 | €8,369 | €3,352 | -€5,017 | -59.9% |
| Taxes | 450/3 | €6,083 | €1,000 | -€5,083 | -83.6% |
| Remuneration and social security | 454/9 | €2,286 | €2,352 | +€66 | +2.9% |
| Other amounts payable | 47/48 | €27,618 | - | -€27,618 | |
| Accrued charges and deferred income | 492/3 | €56 | €1,036 | +€980 | +1,755% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,555 | €32,692 | -€863 | -2.6% |
| Other operating charges | 640/8 | €4,181 | €1,586 | -€2,595 | -62.1% |
| Gross operating margin | 9900 | €44,913 | €32,806 | -€12,108 | -27.0% |
| Operating profit (loss) | 9901 | €7,177 | -€1,472 | -€8,649 | |
| Financial income | 75/76B | €590 | €674 | +€84 | +14.3% |
| Recurring financial income | 75 | €590 | €674 | +€84 | +14.3% |
| Financial charges | 65/66B | €5,339 | €6,858 | +€1,519 | +28.5% |
| Recurring financial charges | 65 | €5,339 | €6,858 | +€1,519 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €2,428 | -€7,656 | -€10,084 | |
| Income taxes | 67/77 | €1,527 | €132 | -€1,395 | -91.4% |
| Profit (loss) for the period | 9904 | €901 | -€7,788 | -€8,689 | |
| Profit (loss) for the period to be appropriated | 9905 | €901 | -€7,788 | -€8,689 |
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 27 October 2026 via checked.be.