THERMIK SOLUTIONS: 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.
THERMIK SOLUTIONS
Largest movements
- Receivables within one year +€83,285
up €83,285 (+607%), from €13,710 to €96,995
of which Other amounts receivable: +€67,644
- Cash +€9,726
up €9,726 (+47.9%), from €20,299 to €30,024
mainly Net result for the year (+€75,557) and Other debts (+€59,793)
- Tangible fixed assets -€3,867
down €3,867 (-45.8%), from €8,445 to €4,578
- Stocks and contracts +€2,125
up €2,125 (+26.3%), from €8,076 to €10,202
- Other debts +€59,793
up €59,793 (+28,940%), from €207 to €60,000
- Profit (loss) carried forward +€15,557
up €15,557 (+85.9%), from €18,110 to €33,667
- Trade debts +€14,115
up €14,115 (+471%), from €2,998 to €17,112
- Tax, wage and social debts +€2,486
up €2,486 (+27.0%), from €9,216 to €11,702
of which Taxes: +€2,136
- Gross operating margin +€94,881
up €94,881, from -€4,843 to €90,038
- Taxes +€9,281
new in 2025: €9,281
- Staff costs +€1,847
new in 2025: €1,847
- Other operating charges -€1,815
down €1,815 (-84.2%), from €2,154 to €339
- Financial income +€1,340
new in 2025: €1,340
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 | €50,530 | €142,548 | +€92,018 | +182% |
| Fixed assets | 21/28 | €8,445 | €4,578 | -€3,867 | -45.8% |
| Tangible fixed assets | 22/27 | €8,445 | €4,578 | -€3,867 | -45.8% |
| Furniture and vehicles | 24 | €8,445 | €4,578 | -€3,867 | -45.8% |
| Current assets | 29/58 | €42,085 | €137,970 | +€95,885 | +228% |
| Stocks and contracts in progress | 3 | €8,076 | €10,202 | +€2,125 | +26.3% |
| Stocks | 30/36 | €8,076 | €10,202 | +€2,125 | +26.3% |
| Amounts receivable within one year | 40/41 | €13,710 | €96,995 | +€83,285 | +607% |
| Trade receivables | 40 | €13,710 | €29,351 | +€15,641 | +114% |
| Other amounts receivable | 41 | - | €67,644 | +€67,644 | |
| Cash at bank and in hand | 54/58 | €20,299 | €30,024 | +€9,726 | +47.9% |
| Deferred charges and accrued income | 490/1 | - | €749 | +€749 | |
| Total equity and liabilities | 10/49 | €50,530 | €142,548 | +€92,018 | +182% |
| Equity | 10/15 | €38,110 | €53,667 | +€15,557 | +40.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,110 | €33,667 | +€15,557 | +85.9% |
| Amounts payable | 17/49 | €12,420 | €88,881 | +€76,461 | +616% |
| Amounts payable within one year | 42/48 | €12,420 | €88,814 | +€76,394 | +615% |
| Trade debts | 44 | €2,998 | €17,112 | +€14,115 | +471% |
| Suppliers | 440/4 | €2,998 | €17,112 | +€14,115 | +471% |
| Taxes, remuneration and social security | 45 | €9,216 | €11,702 | +€2,486 | +27.0% |
| Taxes | 450/3 | €9,216 | €11,352 | +€2,136 | +23.2% |
| Remuneration and social security | 454/9 | - | €350 | +€350 | |
| Other amounts payable | 47/48 | €207 | €60,000 | +€59,793 | +28,940% |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Remuneration, social security and pensions | 62 | - | €1,847 | +€1,847 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,156 | €3,867 | +€711 | +22.5% |
| Other operating charges | 640/8 | €2,154 | €339 | -€1,815 | -84.2% |
| Gross operating margin | 9900 | -€4,843 | €90,038 | +€94,881 | |
| Operating profit (loss) | 9901 | -€10,153 | €83,985 | +€94,138 | |
| Financial income | 75/76B | - | €1,340 | +€1,340 | |
| Recurring financial income | 75 | - | €1,340 | +€1,340 | |
| Financial charges | 65/66B | €103 | €486 | +€383 | +373% |
| Recurring financial charges | 65 | €103 | €486 | +€383 | +373% |
| Profit (loss) for the period before taxes | 9903 | -€10,256 | €84,838 | +€95,094 | |
| Income taxes | 67/77 | - | €9,281 | +€9,281 | |
| Profit (loss) for the period | 9904 | -€10,256 | €75,557 | +€85,813 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,256 | €75,557 | +€85,813 |
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 24 October 2026 via checked.be.