THERMCONFORT: 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.
THERMCONFORT
Largest movements
- Receivables after one year -€55,500
no longer reported in 2025 (was €55,500)
- Receivables within one year +€39,101
up €39,101 (+244%), from €16,006 to €55,107
of which Other amounts receivable: +€39,205
- Tangible fixed assets -€15,316
down €15,316 (-19.7%), from €77,940 to €62,624
of which Plant, machinery and equipment: -€10,213
- Stocks and contracts +€5,403
up €5,403 (+189%), from €2,864 to €8,267
- Other debts -€11,675
down €11,675 (-59.9%), from €19,501 to €7,826
- Debts after one year -€8,192
no longer reported in 2025 (was €8,192)
- Current portion of long-term debt -€4,846
down €4,846 (-37.2%), from €13,039 to €8,193
- Reserves -€3,697
down €3,697 (-21.1%), from €17,524 to €13,827
- Trade debts +€2,050
up €2,050 (+33.8%), from €6,061 to €8,111
- Gross operating margin +€17,284
up €17,284 (+141%), from €12,296 to €29,580
- Other operating charges +€5,675
up €5,675 (+2,279%), from €249 to €5,924
- Financial income +€575
up €575 (+190%), from €302 to €877
- Financial charges -€368
down €368 (-33.4%), from €1,102 to €734
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 | €156,884 | €130,524 | -€26,360 | -16.8% |
| Fixed assets | 21/28 | €77,940 | €62,624 | -€15,316 | -19.7% |
| Tangible fixed assets | 22/27 | €77,940 | €62,624 | -€15,316 | -19.7% |
| Plant, machinery and equipment | 23 | €60,462 | €50,249 | -€10,213 | -16.9% |
| Furniture and vehicles | 24 | €17,478 | €12,375 | -€5,103 | -29.2% |
| Current assets | 29/58 | €78,944 | €67,900 | -€11,044 | -14.0% |
| Amounts receivable after more than one year | 29 | €55,500 | - | -€55,500 | |
| Other amounts receivable | 291 | €55,500 | - | -€55,500 | |
| Stocks and contracts in progress | 3 | €2,864 | €8,267 | +€5,403 | +189% |
| Stocks | 30/36 | €2,864 | €8,267 | +€5,403 | +189% |
| Amounts receivable within one year | 40/41 | €16,006 | €55,107 | +€39,101 | +244% |
| Trade receivables | 40 | €8,449 | €8,345 | -€104 | -1.2% |
| Other amounts receivable | 41 | €7,557 | €46,762 | +€39,205 | +519% |
| Cash at bank and in hand | 54/58 | €4,574 | €3,486 | -€1,088 | -23.8% |
| Deferred charges and accrued income | 490/1 | - | €1,040 | +€1,040 | |
| Total equity and liabilities | 10/49 | €156,884 | €130,524 | -€26,360 | -16.8% |
| Equity | 10/15 | €110,091 | €106,394 | -€3,697 | -3.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €17,524 | €13,827 | -€3,697 | -21.1% |
| Distributable reserves | 133 | €17,524 | €13,827 | -€3,697 | -21.1% |
| Profit (loss) carried forward | 14 | €67,567 | €67,567 | = | 0.0% |
| Amounts payable | 17/49 | €46,793 | €24,130 | -€22,663 | -48.4% |
| Amounts payable after more than one year | 17 | €8,192 | - | -€8,192 | |
| Financial debts | 170/4 | €8,192 | - | -€8,192 | |
| Amounts payable within one year | 42/48 | €38,601 | €24,130 | -€14,471 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €13,039 | €8,193 | -€4,846 | -37.2% |
| Trade debts | 44 | €6,061 | €8,111 | +€2,050 | +33.8% |
| Suppliers | 440/4 | €6,061 | €8,111 | +€2,050 | +33.8% |
| Other amounts payable | 47/48 | €19,501 | €7,826 | -€11,675 | -59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,457 | €19,257 | -€200 | -1.0% |
| Other operating charges | 640/8 | €249 | €5,924 | +€5,675 | +2,279% |
| Gross operating margin | 9900 | €12,296 | €29,580 | +€17,284 | +141% |
| Operating profit (loss) | 9901 | -€7,410 | €4,399 | +€11,809 | |
| Financial income | 75/76B | €302 | €877 | +€575 | +190% |
| Recurring financial income | 75 | €302 | €877 | +€575 | +190% |
| Financial charges | 65/66B | €1,102 | €734 | -€368 | -33.4% |
| Recurring financial charges | 65 | €1,102 | €734 | -€368 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,210 | €4,542 | +€12,752 | |
| Income taxes | 67/77 | €124 | €413 | +€289 | +233% |
| Profit (loss) for the period | 9904 | -€8,334 | €4,129 | +€12,463 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,334 | €4,129 | +€12,463 |
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 31 October 2026 via checked.be.