Vaartwarmte: 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.
Vaartwarmte
Largest movements
- Intangible fixed assets +€35,281
up €35,281 (+6.2%), from €569,509 to €604,789
- Accrued charges and deferred income +€33,431
up €33,431 (+50.9%), from €65,737 to €99,168
- Gross operating margin -€467
down €467 (-43.0%), from -€1,085 to -€1,552
- Financial charges -€109
down €109 (-18.1%), from €600 to €492
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.
Cash bridge derived
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 | €569,848 | €605,428 | +€35,580 | +6.2% |
| Formation expenses | 20 | €312 | €170 | -€142 | -45.5% |
| Fixed assets | 21/28 | €569,509 | €604,789 | +€35,281 | +6.2% |
| Intangible fixed assets | 21 | €569,509 | €604,789 | +€35,281 | +6.2% |
| Current assets | 29/58 | €27 | €468 | +€442 | +1661.9% |
| Amounts receivable within one year | 40/41 | €0 | €57 | +€57 | |
| Other amounts receivable | 41 | €0 | €57 | +€57 | |
| Cash at bank and in hand | 54/58 | €27 | €411 | +€384 | +1446.0% |
| Total equity and liabilities | 10/49 | €569,848 | €605,428 | +€35,580 | +6.2% |
| Equity | 10/15 | €2,852 | -€61 | -€2,913 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,148 | -€10,061 | -€2,913 | -40.8% |
| Amounts payable | 17/49 | €566,996 | €605,489 | +€38,493 | +6.8% |
| Amounts payable after more than one year | 17 | €500,836 | €505,240 | +€4,404 | +0.9% |
| Other amounts payable | 178/9 | €500,836 | €505,240 | +€4,404 | +0.9% |
| Amounts payable within one year | 42/48 | €422 | €1,081 | +€659 | +156.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €152 | €811 | +€659 | +432.4% |
| Suppliers | 440/4 | €152 | €811 | +€659 | +432.4% |
| Other amounts payable | 47/48 | €270 | €270 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €65,737 | €99,168 | +€33,431 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142 | €142 | +€0 | 0.0% |
| Other operating charges | 640/8 | €725 | €727 | +€2 | +0.3% |
| Gross operating margin | 9900 | -€1,085 | -€1,552 | -€467 | -43.0% |
| Operating profit (loss) | 9901 | -€1,953 | -€2,422 | -€469 | -24.0% |
| Financial charges | 65/66B | €600 | €492 | -€109 | -18.1% |
| Recurring financial charges | 65 | €600 | €492 | -€109 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,553 | -€2,913 | -€360 | -14.1% |
| Profit (loss) for the period | 9904 | -€2,553 | -€2,913 | -€360 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,553 | -€2,913 | -€360 | -14.1% |
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 9 October 2026 via checked.be.