B-THERM: 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.
B-THERM
Largest movements
- Receivables within one year +€11,632
up €11,632 (+33.9%), from €34,349 to €45,981
of which Trade receivables: +€13,604
- Cash -€2,593
down €2,593 (-29.5%), from €8,776 to €6,183
mainly Receivables within one year (-€11,632)
- Tangible fixed assets -€945
down €945 (-72.4%), from €1,305 to €360
- Trade debts +€3,971
up €3,971 (+59.7%), from €6,652 to €10,623
- Tax, wage and social debts +€1,946
new in 2024: €1,946
- Profit (loss) carried forward +€1,851
up €1,851 (+6.3%), from €29,598 to €31,449
- Gross operating margin +€13,909
up €13,909, from -€3,541 to €10,368
- Taxes +€4,194
up €4,194 (+635%), from €660 to €4,854
- Other operating charges +€1,908
up €1,908 (+398%), from €479 to €2,387
- Staff costs -€254
no longer reported in 2024 (was €254)
- Depreciation +€210
up €210 (+28.6%), from €735 to €945
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,981 | €52,750 | +€7,769 | +17.3% |
| Fixed assets | 21/28 | €1,305 | €360 | -€945 | -72.4% |
| Tangible fixed assets | 22/27 | €1,305 | €360 | -€945 | -72.4% |
| Furniture and vehicles | 24 | €1,305 | €360 | -€945 | -72.4% |
| Current assets | 29/58 | €43,676 | €52,390 | +€8,714 | +20.0% |
| Amounts receivable within one year | 40/41 | €34,349 | €45,981 | +€11,632 | +33.9% |
| Trade receivables | 40 | €15,295 | €28,899 | +€13,604 | +88.9% |
| Other amounts receivable | 41 | €19,054 | €17,082 | -€1,972 | -10.4% |
| Cash at bank and in hand | 54/58 | €8,776 | €6,183 | -€2,593 | -29.5% |
| Deferred charges and accrued income | 490/1 | €551 | €226 | -€325 | -58.9% |
| Total equity and liabilities | 10/49 | €44,981 | €52,750 | +€7,769 | +17.3% |
| Equity | 10/15 | €38,329 | €40,181 | +€1,852 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,531 | €2,531 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,531 | €2,531 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €2,531 | €2,531 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €29,598 | €31,449 | +€1,851 | +6.3% |
| Amounts payable | 17/49 | €6,652 | €12,569 | +€5,917 | +89.0% |
| Amounts payable within one year | 42/48 | €6,652 | €12,569 | +€5,917 | +89.0% |
| Trade debts | 44 | €6,652 | €10,623 | +€3,971 | +59.7% |
| Suppliers | 440/4 | €6,652 | €10,623 | +€3,971 | +59.7% |
| Taxes, remuneration and social security | 45 | - | €1,946 | +€1,946 | |
| Taxes | 450/3 | - | €1,946 | +€1,946 | |
| Remuneration, social security and pensions | 62 | €254 | - | -€254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €735 | €945 | +€210 | +28.6% |
| Other operating charges | 640/8 | €479 | €2,387 | +€1,908 | +398% |
| Gross operating margin | 9900 | -€3,541 | €10,368 | +€13,909 | |
| Operating profit (loss) | 9901 | -€5,009 | €7,036 | +€12,045 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €341 | €334 | -€7 | -2.1% |
| Recurring financial charges | 65 | €341 | €334 | -€7 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,350 | €6,705 | +€12,055 | |
| Income taxes | 67/77 | €660 | €4,854 | +€4,194 | +635% |
| Profit (loss) for the period | 9904 | -€6,010 | €1,851 | +€7,861 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,010 | €1,851 | +€7,861 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.