Animated water (and refrigerant) flow across every component, from the building to the cooling tower.
Follow the heat (right to left): people and machines warm the building air. The AHU fan pulls that warm air across the cooling coil; chilled water inside the coil absorbs the heat and cool air returns to the rooms. The water leaves the coil warm (CHWR ≈ 12°C) and the CHW pump sends it to the chiller's evaporator, which chills it back to CHWS ≈ 7°C. The gap between them is ΔT.
Inside the chiller, the compressor lifts the absorbed heat (carried by the refrigerant) from the evaporator up to the condenser. There, condenser water absorbs the heat and the CW pump carries it (CW return ≈ 32°C) to the cooling tower, whose fan rejects it to the outside air, returning cooler water (CW supply ≈ 27°C) to the condenser. The cycle repeats.