Ten Thousand Hours: 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.
Ten Thousand Hours
Largest movements
- Current investments +€170,000
up €170,000 (+136.0%), from €125,000 to €295,000
- Cash -€18,576
down €18,576 (-33.7%), from €55,057 to €36,481
mainly Current investments (-€170,000) and Contributions, distributions and other (-€141,622)
- Other debts +€141,622
new in 2025: €141,622
- Tax, wage and social debts +€11,173
up €11,173 (+29.0%), from €38,500 to €49,672
of which Taxes: +€11,170
- Gross operating margin +€45,253
up €45,253 (+33.5%), from €134,993 to €180,246
- Taxes +€11,970
up €11,970 (+40.0%), from €29,908 to €41,878
- Financial income +€3,585
up €3,585 (+10785.9%), from €33 to €3,618
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 | €180,726 | €333,777 | +€153,051 | +84.7% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €180,726 | €333,777 | +€153,051 | +84.7% |
| Amounts receivable within one year | 40/41 | €653 | €2,191 | +€1,539 | +235.8% |
| Other amounts receivable | 41 | €653 | €2,191 | +€1,539 | +235.8% |
| Current investments | 50/53 | €125,000 | €295,000 | +€170,000 | +136.0% |
| Cash at bank and in hand | 54/58 | €55,057 | €36,481 | -€18,576 | -33.7% |
| Deferred charges and accrued income | 490/1 | €17 | €105 | +€88 | +519.3% |
| Total equity and liabilities | 10/49 | €180,726 | €333,777 | +€153,051 | +84.7% |
| Equity | 10/15 | €137,836 | €137,836 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €132,836 | €132,836 | = | 0.0% |
| Distributable reserves | 133 | €132,836 | €132,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €42,890 | €195,941 | +€153,051 | +356.8% |
| Amounts payable within one year | 42/48 | €42,890 | €195,941 | +€153,051 | +356.8% |
| Trade debts | 44 | €4,391 | €4,647 | +€256 | +5.8% |
| Suppliers | 440/4 | €4,391 | €4,647 | +€256 | +5.8% |
| Taxes, remuneration and social security | 45 | €38,500 | €49,672 | +€11,173 | +29.0% |
| Taxes | 450/3 | €35,939 | €47,108 | +€11,170 | +31.1% |
| Remuneration and social security | 454/9 | €2,561 | €2,564 | +€3 | +0.1% |
| Other amounts payable | 47/48 | - | €141,622 | +€141,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €556 | €0 | -€556 | -100.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €134,993 | €180,246 | +€45,253 | +33.5% |
| Operating profit (loss) | 9901 | €134,311 | €180,118 | +€45,807 | +34.1% |
| Financial income | 75/76B | €33 | €3,618 | +€3,585 | +10785.9% |
| Recurring financial income | 75 | €33 | €3,618 | +€3,585 | +10785.9% |
| Financial charges | 65/66B | €64 | €236 | +€172 | +268.9% |
| Recurring financial charges | 65 | €64 | €236 | +€172 | +268.9% |
| Profit (loss) for the period before taxes | 9903 | €134,280 | €183,500 | +€49,220 | +36.7% |
| Income taxes | 67/77 | €29,908 | €41,878 | +€11,970 | +40.0% |
| Profit (loss) for the period | 9904 | €104,372 | €141,622 | +€37,250 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,372 | €141,622 | +€37,250 | +35.7% |
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.