THERCOOL: 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.
THERCOOL
Largest movements
- Receivables within one year +€72,314
up €72,314 (+194.9%), from €37,101 to €109,415
of which Trade receivables: +€74,118
- Cash -€9,013
down €9,013 (-33.9%), from €26,566 to €17,553
mainly Receivables within one year (-€72,314) and Other debts (-€22,500)
- Profit (loss) carried forward +€26,224
up €26,224 (+138.5%), from €18,929 to €45,153
- Tax, wage and social debts +€23,819
new in 2024: €23,819
of which Remuneration and social security: +€22,500
- Other debts -€22,500
down €22,500 (-64.3%), from €35,000 to €12,500
- Advances received +€18,869
up €18,869 (+534.2%), from €3,532 to €22,401
- Trade debts +€18,015
up €18,015 (+100.1%), from €17,994 to €36,010
- Gross operating margin +€31,626
up €31,626 (+11475.3%), from €276 to €31,901
- Other operating charges +€4,244
up €4,244 (+749.9%), from €566 to €4,810
- Taxes -€629
down €629 (-52.2%), from €1,203 to €575
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 | €95,119 | €159,547 | +€64,427 | +67.7% |
| Fixed assets | 21/28 | €90 | €1,061 | +€971 | +1078.6% |
| Tangible fixed assets | 22/27 | - | €971 | +€971 | |
| Plant, machinery and equipment | 23 | - | €971 | +€971 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €95,029 | €158,486 | +€63,457 | +66.8% |
| Stocks and contracts in progress | 3 | €30,067 | €30,067 | = | 0.0% |
| Stocks | 30/36 | €30,067 | €30,067 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,101 | €109,415 | +€72,314 | +194.9% |
| Trade receivables | 40 | €35,043 | €109,161 | +€74,118 | +211.5% |
| Other amounts receivable | 41 | €2,058 | €254 | -€1,804 | -87.7% |
| Cash at bank and in hand | 54/58 | €26,566 | €17,553 | -€9,013 | -33.9% |
| Deferred charges and accrued income | 490/1 | €1,296 | €1,451 | +€156 | +12.0% |
| Total equity and liabilities | 10/49 | €95,119 | €159,547 | +€64,427 | +67.7% |
| Equity | 10/15 | €38,593 | €64,817 | +€26,224 | +67.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,064 | €1,064 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,064 | €1,064 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,064 | €1,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,929 | €45,153 | +€26,224 | +138.5% |
| Amounts payable | 17/49 | €56,526 | €94,729 | +€38,203 | +67.6% |
| Amounts payable within one year | 42/48 | €56,526 | €94,729 | +€38,203 | +67.6% |
| Trade debts | 44 | €17,994 | €36,010 | +€18,015 | +100.1% |
| Suppliers | 440/4 | €17,994 | €36,010 | +€18,015 | +100.1% |
| Advances received on contracts in progress | 46 | €3,532 | €22,401 | +€18,869 | +534.2% |
| Taxes, remuneration and social security | 45 | - | €23,819 | +€23,819 | |
| Taxes | 450/3 | - | €1,319 | +€1,319 | |
| Remuneration and social security | 454/9 | - | €22,500 | +€22,500 | |
| Other amounts payable | 47/48 | €35,000 | €12,500 | -€22,500 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €243 | +€243 | |
| Other operating charges | 640/8 | €566 | €4,810 | +€4,244 | +749.9% |
| Gross operating margin | 9900 | €276 | €31,901 | +€31,626 | +11475.3% |
| Operating profit (loss) | 9901 | -€290 | €26,849 | +€27,139 | |
| Financial income | 75/76B | €0 | €18 | +€18 | +7433.3% |
| Recurring financial income | 75 | €0 | €18 | +€18 | +7433.3% |
| Financial charges | 65/66B | €186 | €68 | -€118 | -63.4% |
| Recurring financial charges | 65 | €186 | €68 | -€118 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | -€476 | €26,799 | +€27,275 | |
| Income taxes | 67/77 | €1,203 | €575 | -€629 | -52.2% |
| Profit (loss) for the period | 9904 | -€1,679 | €26,224 | +€27,903 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,679 | €26,224 | +€27,903 |
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 1 October 2026 via checked.be.