Deep Thought: 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.
Deep Thought
Largest movements
- Receivables within one year +€15,183
up €15,183 (+86.6%), from €17,523 to €32,706
of which Trade receivables: +€16,383
- Tangible fixed assets -€8,787
down €8,787 (-23.9%), from €36,741 to €27,954
of which Furniture and vehicles: -€7,764
- Cash +€4,824
up €4,824 (+10.8%), from €44,791 to €49,615
mainly Net result for the year (+€58,184) and Depreciation (+€8,787)
- Deferred charges and accrued income -€2,229
down €2,229 (-70.1%), from €3,179 to €950
- Other debts +€7,721
up €7,721 (+11.3%), from €68,581 to €76,303
- Debts after one year -€4,856
down €4,856 (-25.8%), from €18,831 to €13,976
- Tax, wage and social debts +€3,951
up €3,951 (+51.8%), from €7,628 to €11,579
- Trade debts +€1,690
up €1,690 (+110.1%), from €1,535 to €3,225
- Gross operating margin +€14,190
up €14,190 (+19.3%), from €73,494 to €87,685
- Depreciation +€3,728
up €3,728 (+73.7%), from €5,059 to €8,787
- Taxes +€3,128
up €3,128 (+22.7%), from €13,808 to €16,935
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 | €102,234 | €111,226 | +€8,991 | +8.8% |
| Fixed assets | 21/28 | €36,741 | €27,954 | -€8,787 | -23.9% |
| Tangible fixed assets | 22/27 | €36,741 | €27,954 | -€8,787 | -23.9% |
| Plant, machinery and equipment | 23 | €1,295 | €272 | -€1,023 | -79.0% |
| Furniture and vehicles | 24 | €35,446 | €27,682 | -€7,764 | -21.9% |
| Current assets | 29/58 | €65,493 | €83,272 | +€17,779 | +27.1% |
| Amounts receivable within one year | 40/41 | €17,523 | €32,706 | +€15,183 | +86.6% |
| Trade receivables | 40 | €16,323 | €32,706 | +€16,383 | +100.4% |
| Other amounts receivable | 41 | €1,200 | - | -€1,200 | |
| Cash at bank and in hand | 54/58 | €44,791 | €49,615 | +€4,824 | +10.8% |
| Deferred charges and accrued income | 490/1 | €3,179 | €950 | -€2,229 | -70.1% |
| Total equity and liabilities | 10/49 | €102,234 | €111,226 | +€8,991 | +8.8% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €101,234 | €110,226 | +€8,991 | +8.9% |
| Amounts payable after more than one year | 17 | €18,831 | €13,976 | -€4,856 | -25.8% |
| Financial debts | 170/4 | €18,831 | €13,976 | -€4,856 | -25.8% |
| Amounts payable within one year | 42/48 | €82,403 | €95,962 | +€13,559 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €4,658 | €4,856 | +€197 | +4.2% |
| Trade debts | 44 | €1,535 | €3,225 | +€1,690 | +110.1% |
| Suppliers | 440/4 | €1,535 | €3,225 | +€1,690 | +110.1% |
| Taxes, remuneration and social security | 45 | €7,628 | €11,579 | +€3,951 | +51.8% |
| Taxes | 450/3 | €7,628 | €11,579 | +€3,951 | +51.8% |
| Other amounts payable | 47/48 | €68,581 | €76,303 | +€7,721 | +11.3% |
| Accrued charges and deferred income | 492/3 | - | €288 | +€288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,059 | €8,787 | +€3,728 | +73.7% |
| Other operating charges | 640/8 | €2,687 | €2,639 | -€47 | -1.8% |
| Gross operating margin | 9900 | €73,494 | €87,685 | +€14,190 | +19.3% |
| Operating profit (loss) | 9901 | €65,749 | €76,258 | +€10,510 | +16.0% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €752 | €1,139 | +€388 | +51.6% |
| Recurring financial charges | 65 | €752 | €1,139 | +€388 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | €65,004 | €75,119 | +€10,115 | +15.6% |
| Income taxes | 67/77 | €13,808 | €16,935 | +€3,128 | +22.7% |
| Profit (loss) for the period | 9904 | €51,196 | €58,184 | +€6,988 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,196 | €58,184 | +€6,988 | +13.6% |
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 7 October 2026 via checked.be.