THERMACONCEPT: what changed
Two financial 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.
THERMACONCEPT
Largest movements
- Receivables within one year -€291,894
down €291,894 (-58.0%), from €503,299 to €211,405
of which Trade receivables: -€311,694
- Tangible fixed assets -€6,712
down €6,712 (-18.2%), from €36,794 to €30,082
of which Furniture and vehicles: -€5,764
- Profit (loss) carried forward -€141,327
down €141,327 (-67.3%), from €210,117 to €68,790
- Trade debts -€110,362
down €110,362 (-47.5%), from €232,164 to €121,803
- Other debts -€44,108
no longer reported in 2024 (was €44,108)
- Turnover -€379,958
down €379,958 (-47.8%), from €794,216 to €414,259
- Gross operating margin -€282,180
down €282,180 (-91.3%), from €309,171 to €26,990
- Purchases and services -€97,777
down €97,777 (-20.2%), from €485,046 to €387,269
- Taxes -€35,673
no longer reported in 2024 (was €35,673)
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.
Derived cash bridge
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 | €554,624 | €256,417 | -€298,207 | -53.8% |
| Fixed assets | 21/28 | €36,794 | €30,082 | -€6,712 | -18.2% |
| Tangible fixed assets | 22/27 | €36,794 | €30,082 | -€6,712 | -18.2% |
| Plant, machinery and equipment | 23 | €1,440 | €492 | -€948 | -65.8% |
| Furniture and vehicles | 24 | €35,354 | €29,590 | -€5,764 | -16.3% |
| Current assets | 29/58 | €517,830 | €226,335 | -€291,495 | -56.3% |
| Amounts receivable within one year | 40/41 | €503,299 | €211,405 | -€291,894 | -58.0% |
| Trade receivables | 40 | €502,999 | €191,305 | -€311,694 | -62.0% |
| Other amounts receivable | 41 | €300 | €20,099 | +€19,800 | +6,611% |
| Cash at bank and in hand | 54/58 | €14,532 | €14,930 | +€399 | +2.7% |
| Total equity and liabilities | 10/49 | €554,624 | €256,417 | -€298,207 | -53.8% |
| Equity | 10/15 | €230,577 | €89,250 | -€141,327 | -61.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,117 | €68,790 | -€141,327 | -67.3% |
| Amounts payable | 17/49 | €324,048 | €167,167 | -€156,881 | -48.4% |
| Amounts payable within one year | 42/48 | €324,048 | €167,167 | -€156,881 | -48.4% |
| Trade debts | 44 | €232,164 | €121,803 | -€110,362 | -47.5% |
| Suppliers | 440/4 | €232,164 | €121,803 | -€110,362 | -47.5% |
| Taxes, remuneration and social security | 45 | €47,775 | €45,364 | -€2,411 | -5.0% |
| Taxes | 450/3 | €46,981 | €38,171 | -€8,810 | -18.8% |
| Remuneration and social security | 454/9 | €794 | €7,193 | +€6,400 | +807% |
| Other amounts payable | 47/48 | €44,108 | - | -€44,108 | |
| Turnover | 70 | €794,216 | €414,259 | -€379,958 | -47.8% |
| Non-recurring operating income | 76A | - | €9,368 | +€9,368 | |
| Goods, raw materials, services and sundry goods | 60/61 | €485,046 | €387,269 | -€97,777 | -20.2% |
| Remuneration, social security and pensions | 62 | €144,529 | €146,762 | +€2,233 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,174 | €10,846 | +€672 | +6.6% |
| Other operating charges | 640/8 | €1,019 | €616 | -€403 | -39.5% |
| Non-recurring operating charges | 66A | - | €10,000 | +€10,000 | |
| Gross operating margin | 9900 | €309,171 | €26,990 | -€282,180 | -91.3% |
| Operating profit (loss) | 9901 | €153,448 | -€141,235 | -€294,682 | |
| Financial income | 75/76B | €2 | €280 | +€278 | +17,957% |
| Recurring financial income | 75 | €2 | €280 | +€278 | +17,957% |
| Financial charges | 65/66B | €371 | €372 | +€1 | +0.2% |
| Recurring financial charges | 65 | €371 | €372 | +€1 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €153,078 | -€141,327 | -€294,405 | |
| Income taxes | 67/77 | €35,673 | - | -€35,673 | |
| Profit (loss) for the period | 9904 | €117,406 | -€141,327 | -€258,732 | |
| Profit (loss) for the period to be appropriated | 9905 | €117,406 | -€141,327 | -€258,732 |
Source: filed annual accounts (NBB), financial 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 November 2026 via checked.be.