THERMALPLUG: 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.
THERMALPLUG
Largest movements
- Receivables within one year -€15,000
no longer reported in 2025 (was €15,000)
- Cash +€13,413
up €13,413 (+319.0%), from €4,205 to €17,618
mainly Receivables within one year (+€15,000)
- Trade debts -€1,083
no longer reported in 2025 (was €1,083)
- Tax, wage and social debts -€439
no longer reported in 2025 (was €439)
- Turnover -€6,397
no longer reported in 2025 (was €6,397)
- Gross operating margin -€6,051
down €6,051 (-95.5%), from €6,333 to €282
- Other operating charges -€682
down €682 (-92.8%), from €735 to €53
- Taxes -€402
down €402 (-91.4%), from €440 to €38
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 | €34,748 | €33,161 | -€1,587 | -4.6% |
| Current assets | 29/58 | €34,748 | €33,161 | -€1,587 | -4.6% |
| Stocks and contracts in progress | 3 | €15,543 | €15,543 | = | 0.0% |
| Stocks | 30/36 | €15,543 | €15,543 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,000 | - | -€15,000 | |
| Trade receivables | 40 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €4,205 | €17,618 | +€13,413 | +319.0% |
| Total equity and liabilities | 10/49 | €34,748 | €33,161 | -€1,587 | -4.6% |
| Equity | 10/15 | €1,559 | €1,494 | -€65 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,041 | -€17,106 | -€65 | -0.4% |
| Amounts payable | 17/49 | €33,189 | €31,667 | -€1,522 | -4.6% |
| Amounts payable within one year | 42/48 | €33,189 | €31,667 | -€1,522 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €17,000 | €17,000 | = | 0.0% |
| Trade debts | 44 | €1,083 | - | -€1,083 | |
| Suppliers | 440/4 | €1,083 | - | -€1,083 | |
| Taxes, remuneration and social security | 45 | €439 | - | -€439 | |
| Taxes | 450/3 | €439 | - | -€439 | |
| Other amounts payable | 47/48 | €14,667 | €14,667 | = | 0.0% |
| Turnover | 70 | €6,397 | - | -€6,397 | |
| Goods, raw materials, services and sundry goods | 60/61 | €64 | €66 | +€2 | +3.1% |
| Other operating charges | 640/8 | €735 | €53 | -€682 | -92.8% |
| Gross operating margin | 9900 | €6,333 | €282 | -€6,051 | -95.5% |
| Operating profit (loss) | 9901 | €5,598 | €229 | -€5,369 | -95.9% |
| Financial charges | 65/66B | €255 | €256 | +€1 | +0.4% |
| Recurring financial charges | 65 | €255 | €256 | +€1 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €5,343 | -€27 | -€5,370 | |
| Income taxes | 67/77 | €440 | €38 | -€402 | -91.4% |
| Profit (loss) for the period | 9904 | €4,903 | -€65 | -€4,968 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,903 | -€65 | -€4,968 |
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 2 October 2026 via checked.be.