WARM 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.
WARM CHAUFFAGE
Largest movements
- Cash -€18,346
down €18,346 (-78.7%), from €23,324 to €4,978
mainly Net result for the year (-€26,068) and Tax, wage and social debts (-€11,817)
- Receivables within one year -€10,980
down €10,980 (-28.5%), from €38,518 to €27,538
of which Other amounts receivable: -€7,776
- Intangible fixed assets -€7,000
down €7,000 (-12.9%), from €54,236 to €47,236
- Deferred charges and accrued income -€3,317
down €3,317 (-90.3%), from €3,672 to €355
- Stocks and contracts -€3,260
down €3,260 (-60.3%), from €5,410 to €2,150
- Profit (loss) carried forward -€26,068
down €26,068 (-84.4%), from €30,881 to €4,812
- Tax, wage and social debts -€11,817
down €11,817 (-91.7%), from €12,887 to €1,069
- Debts after one year -€9,732
down €9,732 (-20.5%), from €47,534 to €37,801
- Trade debts +€2,172
up €2,172 (+10.9%), from €19,836 to €22,008
- Gross operating margin -€28,522
down €28,522, from €23,788 to -€4,733
- Depreciation -€2,207
down €2,207 (-20.2%), from €10,900 to €8,693
- Other operating charges -€1,272
down €1,272 (-42.7%), from €2,982 to €1,710
- Financial charges +€796
up €796 (+9.2%), from €8,655 to €9,451
- Taxes -€636
down €636 (-74.6%), from €853 to €217
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 | €131,509 | €87,199 | -€44,310 | -33.7% |
| Fixed assets | 21/28 | €60,584 | €52,177 | -€8,407 | -13.9% |
| Intangible fixed assets | 21 | €54,236 | €47,236 | -€7,000 | -12.9% |
| Tangible fixed assets | 22/27 | €5,349 | €3,942 | -€1,407 | -26.3% |
| Land and buildings | 22 | €673 | - | -€673 | |
| Plant, machinery and equipment | 23 | - | €502 | +€502 | |
| Furniture and vehicles | 24 | €4,676 | €3,440 | -€1,236 | -26.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €70,924 | €35,022 | -€35,903 | -50.6% |
| Stocks and contracts in progress | 3 | €5,410 | €2,150 | -€3,260 | -60.3% |
| Stocks | 30/36 | €5,410 | €2,150 | -€3,260 | -60.3% |
| Amounts receivable within one year | 40/41 | €38,518 | €27,538 | -€10,980 | -28.5% |
| Trade receivables | 40 | €27,062 | €23,858 | -€3,204 | -11.8% |
| Other amounts receivable | 41 | €11,456 | €3,680 | -€7,776 | -67.9% |
| Cash at bank and in hand | 54/58 | €23,324 | €4,978 | -€18,346 | -78.7% |
| Deferred charges and accrued income | 490/1 | €3,672 | €355 | -€3,317 | -90.3% |
| Total equity and liabilities | 10/49 | €131,509 | €87,199 | -€44,310 | -33.7% |
| Equity | 10/15 | €40,881 | €14,812 | -€26,068 | -63.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,881 | €4,812 | -€26,068 | -84.4% |
| Amounts payable | 17/49 | €90,628 | €72,387 | -€18,241 | -20.1% |
| Amounts payable after more than one year | 17 | €47,534 | €37,801 | -€9,732 | -20.5% |
| Financial debts | 170/4 | €47,534 | €37,801 | -€9,732 | -20.5% |
| Amounts payable within one year | 42/48 | €42,019 | €33,085 | -€8,933 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €9,296 | €9,732 | +€436 | +4.7% |
| Trade debts | 44 | €19,836 | €22,008 | +€2,172 | +10.9% |
| Suppliers | 440/4 | €19,836 | €22,008 | +€2,172 | +10.9% |
| Taxes, remuneration and social security | 45 | €12,887 | €1,069 | -€11,817 | -91.7% |
| Taxes | 450/3 | €12,887 | €1,069 | -€11,817 | -91.7% |
| Other amounts payable | 47/48 | - | €276 | +€276 | |
| Accrued charges and deferred income | 492/3 | €1,076 | €1,500 | +€424 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,900 | €8,693 | -€2,207 | -20.2% |
| Other operating charges | 640/8 | €2,982 | €1,710 | -€1,272 | -42.7% |
| Non-recurring operating charges | 66A | €274 | €1,274 | +€999 | +364% |
| Gross operating margin | 9900 | €23,788 | -€4,733 | -€28,522 | |
| Operating profit (loss) | 9901 | €9,631 | -€16,410 | -€26,042 | |
| Financial income | 75/76B | €13 | €10 | -€3 | -23.8% |
| Recurring financial income | 75 | €13 | €10 | -€3 | -23.8% |
| Financial charges | 65/66B | €8,655 | €9,451 | +€796 | +9.2% |
| Recurring financial charges | 65 | €8,655 | €9,451 | +€796 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €990 | -€25,852 | -€26,841 | |
| Income taxes | 67/77 | €853 | €217 | -€636 | -74.6% |
| Profit (loss) for the period | 9904 | €137 | -€26,068 | -€26,205 | |
| Profit (loss) for the period to be appropriated | 9905 | €137 | -€26,068 | -€26,205 |
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 24 October 2026 via checked.be.