ThaenzIT!: 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.
ThaenzIT!
Largest movements
- Cash +€41,363
up €41,363 (+2292.6%), from €1,804 to €43,167
mainly Net result for the year (+€42,352) and Tax, wage and social debts (+€8,291)
- Deferred charges and accrued income -€8,000
no longer reported in 2025 (was €8,000)
- Receivables within one year -€7,783
down €7,783 (-20.8%), from €37,435 to €29,652
of which Other amounts receivable: -€9,805
- Tangible fixed assets -€6,607
down €6,607 (-2.8%), from €232,257 to €225,650
- Reserves +€34,088
up €34,088 (+20.1%), from €169,413 to €203,502
- Debts after one year -€21,170
down €21,170 (-31.3%), from €67,534 to €46,364
- Tax, wage and social debts +€8,291
up €8,291 (+48.3%), from €17,150 to €25,441
of which Remuneration and social security: +€7,832
- Gross operating margin +€29,056
up €29,056 (+68.3%), from €42,517 to €71,573
- Taxes +€10,662
up €10,662 (+160.7%), from €6,635 to €17,297
- Depreciation -€1,789
down €1,789 (-18.3%), from €9,762 to €7,973
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 | €279,497 | €298,469 | +€18,973 | +6.8% |
| Fixed assets | 21/28 | €232,257 | €225,650 | -€6,607 | -2.8% |
| Tangible fixed assets | 22/27 | €232,257 | €225,650 | -€6,607 | -2.8% |
| Land and buildings | 22 | €219,192 | €216,508 | -€2,684 | -1.2% |
| Plant, machinery and equipment | 23 | €1,666 | €2,011 | +€345 | +20.7% |
| Furniture and vehicles | 24 | €2,834 | - | -€2,834 | |
| Other tangible fixed assets | 26 | €8,565 | €7,131 | -€1,434 | -16.7% |
| Current assets | 29/58 | €47,239 | €72,819 | +€25,580 | +54.2% |
| Amounts receivable within one year | 40/41 | €37,435 | €29,652 | -€7,783 | -20.8% |
| Trade receivables | 40 | €23,708 | €25,730 | +€2,022 | +8.5% |
| Other amounts receivable | 41 | €13,727 | €3,922 | -€9,805 | -71.4% |
| Cash at bank and in hand | 54/58 | €1,804 | €43,167 | +€41,363 | +2292.6% |
| Deferred charges and accrued income | 490/1 | €8,000 | - | -€8,000 | |
| Total equity and liabilities | 10/49 | €279,497 | €298,469 | +€18,973 | +6.8% |
| Equity | 10/15 | €169,413 | €203,502 | +€34,088 | +20.1% |
| Reserves | 13 | €169,413 | €203,502 | +€34,088 | +20.1% |
| Distributable reserves | 133 | €169,413 | €203,502 | +€34,088 | +20.1% |
| Amounts payable | 17/49 | €110,083 | €94,968 | -€15,115 | -13.7% |
| Amounts payable after more than one year | 17 | €67,534 | €46,364 | -€21,170 | -31.3% |
| Financial debts | 170/4 | €67,534 | €46,364 | -€21,170 | -31.3% |
| Amounts payable within one year | 42/48 | €42,549 | €48,603 | +€6,054 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €20,630 | €21,170 | +€540 | +2.6% |
| Trade debts | 44 | €1,360 | €1,159 | -€201 | -14.8% |
| Suppliers | 440/4 | €1,360 | €1,159 | -€201 | -14.8% |
| Taxes, remuneration and social security | 45 | €17,150 | €25,441 | +€8,291 | +48.3% |
| Taxes | 450/3 | €17,150 | €17,608 | +€458 | +2.7% |
| Remuneration and social security | 454/9 | - | €7,832 | +€7,832 | |
| Other amounts payable | 47/48 | €3,409 | €833 | -€2,576 | -75.6% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,762 | €7,973 | -€1,789 | -18.3% |
| Other operating charges | 640/8 | €1,256 | €1,311 | +€55 | +4.4% |
| Non-recurring operating charges | 66A | €7,200 | - | -€7,200 | |
| Gross operating margin | 9900 | €42,517 | €71,573 | +€29,056 | +68.3% |
| Operating profit (loss) | 9901 | €24,300 | €62,289 | +€37,990 | +156.3% |
| Financial income | 75/76B | €296 | - | -€296 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €295 | - | -€295 | |
| Financial charges | 65/66B | €2,572 | €2,641 | +€69 | +2.7% |
| Recurring financial charges | 65 | €2,572 | €2,641 | +€69 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €22,023 | €59,648 | +€37,625 | +170.8% |
| Income taxes | 67/77 | €6,635 | €17,297 | +€10,662 | +160.7% |
| Profit (loss) for the period | 9904 | €15,388 | €42,352 | +€26,963 | +175.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,388 | €42,352 | +€26,963 | +175.2% |
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 5 October 2026 via checked.be.