WARMTE-TECHNIEK: 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.
WARMTE-TECHNIEK
Largest movements
- Tangible fixed assets +€86,591
up €86,591 (+629%), from €13,771 to €100,362
of which Leasing and similar rights: +€96,784
- Cash -€30,237
down €30,237 (-25.9%), from €116,761 to €86,523
mainly Investment in fixed assets (net) (-€96,578) and Other debts (-€20,000)
- Receivables within one year -€17,155
down €17,155 (-19.2%), from €89,301 to €72,146
of which Trade receivables: -€29,423
- Debts after one year +€47,422
new in 2025: €47,422
- Other debts -€20,000
down €20,000 (-100%), from €20,000 to €0
- Trade debts +€18,012
up €18,012 (+11.8%), from €152,565 to €170,577
- Short-term financial debts -€14,723
down €14,723 (-68.7%), from €21,434 to €6,711
- Current portion of long-term debt +€10,169
up €10,169 (+175%), from €5,798 to €15,967
- Gross operating margin -€88,522
down €88,522 (-30.3%), from €292,419 to €203,897
- Staff costs -€45,034
down €45,034 (-20.2%), from €223,008 to €177,975
- Other operating charges +€7,765
up €7,765 (+763%), from €1,017 to €8,783
- Taxes -€7,200
down €7,200 (-73.2%), from €9,840 to €2,640
- Depreciation +€6,103
up €6,103 (+157%), from €3,883 to €9,987
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 | €310,013 | €351,351 | +€41,338 | +13.3% |
| Fixed assets | 21/28 | €13,921 | €100,512 | +€86,591 | +622% |
| Tangible fixed assets | 22/27 | €13,771 | €100,362 | +€86,591 | +629% |
| Plant, machinery and equipment | 23 | €2,969 | €1,984 | -€985 | -33.2% |
| Furniture and vehicles | 24 | €10,802 | €1,594 | -€9,208 | -85.2% |
| Leasing and similar rights | 25 | - | €96,784 | +€96,784 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €296,092 | €250,839 | -€45,253 | -15.3% |
| Stocks and contracts in progress | 3 | €87,177 | €88,905 | +€1,728 | +2.0% |
| Stocks | 30/36 | €87,177 | €88,905 | +€1,728 | +2.0% |
| Amounts receivable within one year | 40/41 | €89,301 | €72,146 | -€17,155 | -19.2% |
| Trade receivables | 40 | €39,549 | €10,126 | -€29,423 | -74.4% |
| Other amounts receivable | 41 | €49,752 | €62,020 | +€12,268 | +24.7% |
| Cash at bank and in hand | 54/58 | €116,761 | €86,523 | -€30,237 | -25.9% |
| Deferred charges and accrued income | 490/1 | €2,853 | €3,264 | +€411 | +14.4% |
| Total equity and liabilities | 10/49 | €310,013 | €351,351 | +€41,338 | +13.3% |
| Equity | 10/15 | €94,572 | €96,286 | +€1,714 | +1.8% |
| Contributions | 10/11 | €29,250 | €29,250 | = | 0.0% |
| Reserves | 13 | €65,322 | €67,036 | +€1,714 | +2.6% |
| Distributable reserves | 133 | €65,322 | €67,036 | +€1,714 | +2.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €215,441 | €255,064 | +€39,624 | +18.4% |
| Amounts payable after more than one year | 17 | - | €47,422 | +€47,422 | |
| Financial debts | 170/4 | - | €47,422 | +€47,422 | |
| Amounts payable within one year | 42/48 | €213,305 | €207,642 | -€5,663 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €5,798 | €15,967 | +€10,169 | +175% |
| Financial debts | 43 | €21,434 | €6,711 | -€14,723 | -68.7% |
| Credit institutions | 430/8 | €21,434 | €6,711 | -€14,723 | -68.7% |
| Trade debts | 44 | €152,565 | €170,577 | +€18,012 | +11.8% |
| Suppliers | 440/4 | €152,565 | €170,577 | +€18,012 | +11.8% |
| Taxes, remuneration and social security | 45 | €13,508 | €14,387 | +€879 | +6.5% |
| Taxes | 450/3 | €3,840 | €4,109 | +€269 | +7.0% |
| Remuneration and social security | 454/9 | €9,667 | €10,278 | +€610 | +6.3% |
| Other amounts payable | 47/48 | €20,000 | €0 | -€20,000 | -100% |
| Accrued charges and deferred income | 492/3 | €2,136 | €0 | -€2,136 | -100% |
| Non-recurring operating income | 76A | €2,420 | €35,555 | +€33,135 | +1,369% |
| Remuneration, social security and pensions | 62 | €223,008 | €177,975 | -€45,034 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,883 | €9,987 | +€6,103 | +157% |
| Other operating charges | 640/8 | €1,017 | €8,783 | +€7,765 | +763% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €292,419 | €203,897 | -€88,522 | -30.3% |
| Operating profit (loss) | 9901 | €64,510 | €7,153 | -€57,357 | -88.9% |
| Financial income | 75/76B | €2,113 | €144 | -€1,970 | -93.2% |
| Recurring financial income | 75 | €2,113 | €144 | -€1,970 | -93.2% |
| Financial charges | 65/66B | €8,815 | €2,942 | -€5,873 | -66.6% |
| Recurring financial charges | 65 | €8,815 | €2,942 | -€5,873 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | €57,808 | €4,355 | -€53,453 | -92.5% |
| Income taxes | 67/77 | €9,840 | €2,640 | -€7,200 | -73.2% |
| Profit (loss) for the period | 9904 | €47,968 | €1,714 | -€46,254 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,968 | €1,714 | -€46,254 | -96.4% |
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 15 October 2026 via checked.be.