THERMIC ENGINEERING INTERNATIONAL: 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.
THERMIC ENGINEERING INTERNATIONAL
Largest movements
- Receivables within one year +€206,469
up €206,469 (+23.4%), from €882,549 to €1.1m
of which Trade receivables: +€189,334
- Cash -€82,983
down €82,983 (-84.2%), from €98,512 to €15,529
mainly Receivables within one year (-€206,469)
- Trade debts +€60,443
up €60,443 (+8.1%), from €748,515 to €808,958
- Profit (loss) carried forward +€30,112
up €30,112 (+2.8%), from -€1.1m to -€1.0m
- Short-term financial debts +€11,596
up €11,596 (+60.0%), from €19,336 to €30,931
- Gross operating margin +€59,952
up €59,952 (+10.7%), from €559,653 to €619,606
- Other operating charges +€51,787
up €51,787 (+55.3%), from €93,630 to €145,417
- Taxes -€24,308
down €24,308 (-45.9%), from €53,006 to €28,697
- Financial income -€12,562
down €12,562 (-100%), from €12,562 to €0
- Staff costs -€9,210
down €9,210 (-2.2%), from €413,452 to €404,242
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 | €1,010,481 | €1,133,967 | +€123,486 | +12.2% |
| Current assets | 29/58 | €1,010,481 | €1,133,967 | +€123,486 | +12.2% |
| Stocks and contracts in progress | 3 | €29,420 | €29,420 | = | 0.0% |
| Stocks | 30/36 | €29,420 | €29,420 | = | 0.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €882,549 | €1,089,017 | +€206,469 | +23.4% |
| Trade receivables | 40 | €495,428 | €684,762 | +€189,334 | +38.2% |
| Other amounts receivable | 41 | €387,121 | €404,255 | +€17,134 | +4.4% |
| Cash at bank and in hand | 54/58 | €98,512 | €15,529 | -€82,983 | -84.2% |
| Total equity and liabilities | 10/49 | €1,010,481 | €1,133,967 | +€123,486 | +12.2% |
| Equity | 10/15 | -€986,707 | -€956,595 | +€30,112 | +3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €20,359 | €20,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €14,159 | €14,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,069,066 | -€1,038,954 | +€30,112 | +2.8% |
| Amounts payable | 17/49 | €1,997,187 | €2,090,561 | +€93,374 | +4.7% |
| Amounts payable after more than one year | 17 | €1,177,215 | €1,187,355 | +€10,140 | +0.9% |
| Financial debts | 170/4 | €1,177,215 | €1,187,355 | +€10,140 | +0.9% |
| Amounts payable within one year | 42/48 | €819,972 | €903,206 | +€83,234 | +10.2% |
| Financial debts | 43 | €19,336 | €30,931 | +€11,596 | +60.0% |
| Other loans | 439 | €19,336 | €30,931 | +€11,596 | +60.0% |
| Trade debts | 44 | €748,515 | €808,958 | +€60,443 | +8.1% |
| Suppliers | 440/4 | €748,515 | €808,958 | +€60,443 | +8.1% |
| Taxes, remuneration and social security | 45 | €52,122 | €63,317 | +€11,195 | +21.5% |
| Taxes | 450/3 | €8,340 | €23,170 | +€14,830 | +178% |
| Remuneration and social security | 454/9 | €43,782 | €40,147 | -€3,634 | -8.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €413,452 | €404,242 | -€9,210 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €93,630 | €145,417 | +€51,787 | +55.3% |
| Gross operating margin | 9900 | €559,653 | €619,606 | +€59,952 | +10.7% |
| Operating profit (loss) | 9901 | €52,571 | €69,947 | +€17,375 | +33.1% |
| Financial income | 75/76B | €12,562 | €0 | -€12,562 | -100% |
| Recurring financial income | 75 | €12,562 | €0 | -€12,562 | -100% |
| Financial charges | 65/66B | €8,486 | €11,137 | +€2,651 | +31.2% |
| Recurring financial charges | 65 | €8,486 | €11,137 | +€2,651 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €56,647 | €58,809 | +€2,162 | +3.8% |
| Income taxes | 67/77 | €53,006 | €28,697 | -€24,308 | -45.9% |
| Profit (loss) for the period | 9904 | €3,642 | €30,112 | +€26,470 | +727% |
| Profit (loss) for the period to be appropriated | 9905 | €3,642 | €30,112 | +€26,470 | +727% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.