TERMO ISOLATION: 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.
TERMO ISOLATION
Largest movements
- Receivables within one year +€47,698
up €47,698 (+151.6%), from €31,463 to €79,161
of which Trade receivables: +€48,076
- Tangible fixed assets +€15,511
up €15,511 (+216.6%), from €7,162 to €22,673
- Cash +€14,694
up €14,694 (+146.7%), from €10,016 to €24,710
mainly Net result for the year (+€39,898) and Trade debts (+€27,936)
- Profit (loss) carried forward +€39,898
up €39,898 (+2799.2%), from €1,425 to €41,323
- Trade debts +€27,936
up €27,936 (+193.9%), from €14,404 to €42,340
- Tax, wage and social debts +€16,687
up €16,687 (+355.5%), from €4,694 to €21,381
- Other debts -€4,137
down €4,137 (-29.3%), from €14,137 to €10,000
- Contributions -€1,980
down €1,980 (-56.9%), from €3,480 to €1,500
- Gross operating margin +€40,180
up €40,180 (+177.7%), from €22,608 to €62,788
- Taxes +€13,166
up €13,166 (+280.5%), from €4,694 to €17,860
- Depreciation +€2,779
up €2,779 (+125.8%), from €2,210 to €4,989
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.
Cash bridge derived
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 | €48,641 | €126,544 | +€77,904 | +160.2% |
| Fixed assets | 21/28 | €7,162 | €22,673 | +€15,511 | +216.6% |
| Tangible fixed assets | 22/27 | €7,162 | €22,673 | +€15,511 | +216.6% |
| Furniture and vehicles | 24 | €7,162 | €22,673 | +€15,511 | +216.6% |
| Current assets | 29/58 | €41,479 | €103,871 | +€62,392 | +150.4% |
| Amounts receivable within one year | 40/41 | €31,463 | €79,161 | +€47,698 | +151.6% |
| Trade receivables | 40 | €28,425 | €76,501 | +€48,076 | +169.1% |
| Other amounts receivable | 41 | €3,038 | €2,660 | -€378 | -12.4% |
| Cash at bank and in hand | 54/58 | €10,016 | €24,710 | +€14,694 | +146.7% |
| Total equity and liabilities | 10/49 | €48,641 | €126,544 | +€77,904 | +160.2% |
| Equity | 10/15 | €4,905 | €42,823 | +€37,918 | +773.0% |
| Contributions | 10/11 | €3,480 | €1,500 | -€1,980 | -56.9% |
| Profit (loss) carried forward | 14 | €1,425 | €41,323 | +€39,898 | +2799.2% |
| Amounts payable | 17/49 | €43,736 | €83,721 | +€39,986 | +91.4% |
| Amounts payable within one year | 42/48 | €43,736 | €83,721 | +€39,986 | +91.4% |
| Current portion of amounts payable after more than one year | 42 | €500 | - | -€500 | |
| Trade debts | 44 | €14,404 | €42,340 | +€27,936 | +193.9% |
| Suppliers | 440/4 | €14,404 | €42,340 | +€27,936 | +193.9% |
| Advances received on contracts in progress | 46 | €10,000 | €10,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,694 | €21,381 | +€16,687 | +355.5% |
| Taxes | 450/3 | €4,694 | €21,381 | +€16,687 | +355.5% |
| Other amounts payable | 47/48 | €14,137 | €10,000 | -€4,137 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,210 | €4,989 | +€2,779 | +125.8% |
| Other operating charges | 640/8 | €1,539 | €1,244 | -€296 | -19.2% |
| Gross operating margin | 9900 | €22,608 | €62,788 | +€40,180 | +177.7% |
| Operating profit (loss) | 9901 | €18,859 | €56,556 | +€37,696 | +199.9% |
| Financial income | 75/76B | €1,863 | €1,376 | -€487 | -26.2% |
| Recurring financial income | 75 | €1,863 | €1,376 | -€487 | -26.2% |
| Financial charges | 65/66B | €151 | €174 | +€22 | +14.6% |
| Recurring financial charges | 65 | €151 | €174 | +€22 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €20,571 | €57,758 | +€37,187 | +180.8% |
| Income taxes | 67/77 | €4,694 | €17,860 | +€13,166 | +280.5% |
| Profit (loss) for the period | 9904 | €15,877 | €39,898 | +€24,021 | +151.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,877 | €39,898 | +€24,021 | +151.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.