Evaporator
Absorption of heat from the air, ground or water. The refrigerant, which is initially liquid, evaporates and becomes gaseous.
Compressor
The refrigerant is compressed and heats itself up. It gets into a gaseous state here.
Condenser
The refrigerant liquefies. The energy (heat) is transferred to the heating system (radiators, underfloor heating pipes).
Expansion valve
Here, the pressure is reduced and the refrigerant cools down.