BRUSSELS THINKLAB: what changed
Two fiscal 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.
BRUSSELS THINKLAB
Largest movements
- Cash +€4,319
up €4,319 (+1529.1%), from €282 to €4,601
mainly Net result for the year (+€2,418) and Receivables within one year (+€1,833)
- Receivables within one year -€1,833
down €1,833 (-23.6%), from €7,763 to €5,930
of which Other amounts receivable: -€1,833
- Tangible fixed assets -€1,447
down €1,447 (-100.0%), from €1,447 to €0
- Profit (loss) carried forward +€2,418
up €2,418 (+4.4%), from -€55,384 to -€52,966
- Trade debts -€1,562
down €1,562 (-19.6%), from €7,958 to €6,396
- Tax, wage and social debts +€182
up €182 (+155.8%), from €117 to €299
- Gross operating margin +€5,372
up €5,372, from -€911 to €4,461
- Depreciation -€3,514
down €3,514 (-70.8%), from €4,961 to €1,447
- Other operating charges +€415
new in 2025: €415
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.
Cash bridge derived
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 | €11,644 | €12,683 | +€1,038 | +8.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,599 | €2,152 | -€1,447 | -40.2% |
| Tangible fixed assets | 22/27 | €1,447 | €0 | -€1,447 | -100.0% |
| Furniture and vehicles | 24 | €1,447 | €0 | -€1,447 | -100.0% |
| Financial fixed assets | 28 | €2,152 | €2,152 | = | 0.0% |
| Current assets | 29/58 | €8,045 | €10,531 | +€2,486 | +30.9% |
| Amounts receivable within one year | 40/41 | €7,763 | €5,930 | -€1,833 | -23.6% |
| Trade receivables | 40 | €5,930 | €5,930 | = | 0.0% |
| Other amounts receivable | 41 | €1,833 | - | -€1,833 | |
| Cash at bank and in hand | 54/58 | €282 | €4,601 | +€4,319 | +1529.1% |
| Total equity and liabilities | 10/49 | €11,644 | €12,683 | +€1,038 | +8.9% |
| Equity | 10/15 | -€42,684 | -€40,266 | +€2,418 | +5.7% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,384 | -€52,966 | +€2,418 | +4.4% |
| Amounts payable | 17/49 | €54,328 | €52,948 | -€1,379 | -2.5% |
| Amounts payable within one year | 42/48 | €54,328 | €52,948 | -€1,379 | -2.5% |
| Trade debts | 44 | €7,958 | €6,396 | -€1,562 | -19.6% |
| Suppliers | 440/4 | €7,958 | €6,396 | -€1,562 | -19.6% |
| Taxes, remuneration and social security | 45 | €117 | €299 | +€182 | +155.8% |
| Taxes | 450/3 | €117 | €299 | +€182 | +155.8% |
| Other amounts payable | 47/48 | €46,253 | €46,253 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,961 | €1,447 | -€3,514 | -70.8% |
| Other operating charges | 640/8 | - | €415 | +€415 | |
| Gross operating margin | 9900 | -€911 | €4,461 | +€5,372 | |
| Operating profit (loss) | 9901 | -€5,872 | €2,598 | +€8,470 | |
| Financial charges | 65/66B | €177 | €180 | +€3 | +1.8% |
| Recurring financial charges | 65 | €177 | €180 | +€3 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,049 | €2,418 | +€8,467 | |
| Profit (loss) for the period | 9904 | -€6,049 | €2,418 | +€8,467 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,049 | €2,418 | +€8,467 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.