THERMATEC: 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.
THERMATEC
Largest movements
- Cash +€10,950
up €10,950 (+130%), from €8,396 to €19,346
mainly Receivables within one year (+€10,463) and Net result for the year (+€6,645)
- Receivables within one year -€10,463
down €10,463 (-48.4%), from €21,629 to €11,165
of which Trade receivables: -€10,228
- Tangible fixed assets +€985
new in 2025: €985
- Deferred charges and accrued income +€656
up €656 (+100%), from €655 to €1,311
- Profit (loss) carried forward +€6,645
up €6,645 (+114%), from €5,823 to €12,469
- Trade debts -€4,141
down €4,141 (-59.3%), from €6,979 to €2,837
- Tax, wage and social debts -€377
down €377 (-3.5%), from €10,651 to €10,274
of which Remuneration and social security: -€1,861
- Gross operating margin +€44,061
up €44,061 (+282%), from €15,647 to €59,709
- Other operating charges +€4,062
up €4,062 (+393%), from €1,035 to €5,096
- Staff costs +€1,679
up €1,679 (+3.7%), from €45,831 to €47,510
- Financial income -€928
no longer reported in 2025 (was €928)
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.
Derived cash bridge
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 | €30,680 | €32,807 | +€2,127 | +6.9% |
| Fixed assets | 21/28 | - | €985 | +€985 | |
| Tangible fixed assets | 22/27 | - | €985 | +€985 | |
| Furniture and vehicles | 24 | - | €985 | +€985 | |
| Current assets | 29/58 | €30,680 | €31,822 | +€1,142 | +3.7% |
| Amounts receivable within one year | 40/41 | €21,629 | €11,165 | -€10,463 | -48.4% |
| Trade receivables | 40 | €16,798 | €6,570 | -€10,228 | -60.9% |
| Other amounts receivable | 41 | €4,831 | €4,595 | -€235 | -4.9% |
| Cash at bank and in hand | 54/58 | €8,396 | €19,346 | +€10,950 | +130% |
| Deferred charges and accrued income | 490/1 | €655 | €1,311 | +€656 | +100% |
| Total equity and liabilities | 10/49 | €30,680 | €32,807 | +€2,127 | +6.9% |
| Equity | 10/15 | €12,720 | €19,366 | +€6,645 | +52.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €697 | €697 | = | 0.0% |
| Non-distributable reserves | 130/1 | €697 | €697 | = | 0.0% |
| Reserves not available under the articles | 1311 | €697 | €697 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,823 | €12,469 | +€6,645 | +114% |
| Amounts payable | 17/49 | €17,960 | €13,441 | -€4,518 | -25.2% |
| Amounts payable within one year | 42/48 | €17,960 | €13,441 | -€4,518 | -25.2% |
| Trade debts | 44 | €6,979 | €2,837 | -€4,141 | -59.3% |
| Suppliers | 440/4 | €6,979 | €2,837 | -€4,141 | -59.3% |
| Advances received on contracts in progress | 46 | €330 | €330 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,651 | €10,274 | -€377 | -3.5% |
| Taxes | 450/3 | €5,065 | €6,549 | +€1,484 | +29.3% |
| Remuneration and social security | 454/9 | €5,586 | €3,725 | -€1,861 | -33.3% |
| Remuneration, social security and pensions | 62 | €45,831 | €47,510 | +€1,679 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €25 | +€25 | |
| Other operating charges | 640/8 | €1,035 | €5,096 | +€4,062 | +393% |
| Gross operating margin | 9900 | €15,647 | €59,709 | +€44,061 | +282% |
| Operating profit (loss) | 9901 | -€31,218 | €7,078 | +€38,296 | |
| Financial income | 75/76B | €928 | - | -€928 | |
| Recurring financial income | 75 | €928 | - | -€928 | |
| Financial charges | 65/66B | €45 | €292 | +€247 | +548% |
| Recurring financial charges | 65 | €45 | €292 | +€247 | +548% |
| Profit (loss) for the period before taxes | 9903 | -€30,335 | €6,786 | +€37,122 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€30,475 | €6,645 | +€37,120 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,475 | €6,645 | +€37,120 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.