THERMIQUE SERVICES: 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.
THERMIQUE SERVICES
Largest movements
- Receivables within one year +€22,624
up €22,624 (+10.5%), from €215,896 to €238,520
of which Other amounts receivable: +€25,780
- Cash +€11,754
up €11,754 (+813%), from €1,446 to €13,200
mainly Trade debts (+€23,033) and Depreciation (+€8,140)
- Deferred charges and accrued income -€7,858
down €7,858 (-95.7%), from €8,213 to €355
- Tangible fixed assets -€4,856
down €4,856 (-30.0%), from €16,175 to €11,319
- Trade debts +€23,033
up €23,033 (+135%), from €17,031 to €40,064
- Tax, wage and social debts -€2,726
down €2,726 (-3.9%), from €69,359 to €66,633
of which Taxes: -€6,305
- Gross operating margin -€136,027
down €136,027 (-74.8%), from €181,781 to €45,754
- Taxes -€26,995
down €26,995 (-79.1%), from €34,106 to €7,111
- Staff costs -€14,873
down €14,873 (-30.1%), from €49,428 to €34,555
- Financial charges +€2,746
up €2,746 (+267%), from €1,028 to €3,774
- Financial income +€1,889
up €1,889 (+20.1%), from €9,391 to €11,280
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 | €241,730 | €263,394 | +€21,664 | +9.0% |
| Fixed assets | 21/28 | €16,175 | €11,319 | -€4,856 | -30.0% |
| Tangible fixed assets | 22/27 | €16,175 | €11,319 | -€4,856 | -30.0% |
| Furniture and vehicles | 24 | €16,175 | €11,319 | -€4,856 | -30.0% |
| Current assets | 29/58 | €225,555 | €252,075 | +€26,520 | +11.8% |
| Amounts receivable within one year | 40/41 | €215,896 | €238,520 | +€22,624 | +10.5% |
| Trade receivables | 40 | €14,943 | €11,787 | -€3,156 | -21.1% |
| Other amounts receivable | 41 | €200,953 | €226,733 | +€25,780 | +12.8% |
| Cash at bank and in hand | 54/58 | €1,446 | €13,200 | +€11,754 | +813% |
| Deferred charges and accrued income | 490/1 | €8,213 | €355 | -€7,858 | -95.7% |
| Total equity and liabilities | 10/49 | €241,730 | €263,394 | +€21,664 | +9.0% |
| Equity | 10/15 | €155,340 | €156,697 | +€1,357 | +0.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,340 | €153,697 | +€1,357 | +0.9% |
| Amounts payable | 17/49 | €86,390 | €106,696 | +€20,306 | +23.5% |
| Amounts payable within one year | 42/48 | €86,390 | €106,696 | +€20,306 | +23.5% |
| Trade debts | 44 | €17,031 | €40,064 | +€23,033 | +135% |
| Suppliers | 440/4 | €17,031 | €40,064 | +€23,033 | +135% |
| Taxes, remuneration and social security | 45 | €69,359 | €66,633 | -€2,726 | -3.9% |
| Taxes | 450/3 | €50,554 | €44,249 | -€6,305 | -12.5% |
| Remuneration and social security | 454/9 | €18,805 | €22,383 | +€3,578 | +19.0% |
| Non-recurring operating income | 76A | €17,000 | €566 | -€16,434 | -96.7% |
| Remuneration, social security and pensions | 62 | €49,428 | €34,555 | -€14,873 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,267 | €8,140 | +€873 | +12.0% |
| Other operating charges | 640/8 | €2,454 | €2,095 | -€359 | -14.6% |
| Gross operating margin | 9900 | €181,781 | €45,754 | -€136,027 | -74.8% |
| Operating profit (loss) | 9901 | €122,632 | €964 | -€121,668 | -99.2% |
| Financial income | 75/76B | €9,391 | €11,280 | +€1,889 | +20.1% |
| Recurring financial income | 75 | €9,391 | €11,280 | +€1,889 | +20.1% |
| Financial charges | 65/66B | €1,028 | €3,774 | +€2,746 | +267% |
| Recurring financial charges | 65 | €1,028 | €3,774 | +€2,746 | +267% |
| Profit (loss) for the period before taxes | 9903 | €130,995 | €8,470 | -€122,525 | -93.5% |
| Income taxes | 67/77 | €34,106 | €7,111 | -€26,995 | -79.1% |
| Profit (loss) for the period | 9904 | €96,889 | €1,359 | -€95,530 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,889 | €1,359 | -€95,530 | -98.6% |
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.