THERMO-EXPERT: 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.
THERMO-EXPERT
Largest movements
- Cash +€28,616
up €28,616 (+161%), from €17,762 to €46,377
mainly Net result for the year (+€31,286) and Tax, wage and social debts (+€17,453)
- Receivables within one year +€20,679
up €20,679 (+10.9%), from €189,928 to €210,607
of which Trade receivables: +€20,679
- Tangible fixed assets -€10,731
down €10,731 (-40.6%), from €26,430 to €15,698
of which Furniture and vehicles: -€10,382
- Profit (loss) carried forward +€31,286
up €31,286 (+54.4%), from -€57,514 to -€26,228
- Tax, wage and social debts +€17,453
up €17,453 (+57.8%), from €30,194 to €47,647
- Other debts -€6,519
down €6,519 (-5.4%), from €121,607 to €115,088
- Gross operating margin +€23,854
up €23,854 (+128%), from €18,698 to €42,552
- Depreciation -€1,142
down €1,142 (-9.6%), from €11,873 to €10,731
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,378 | €276,528 | +€41,150 | +17.5% |
| Fixed assets | 21/28 | €26,680 | €15,948 | -€10,731 | -40.2% |
| Tangible fixed assets | 22/27 | €26,430 | €15,698 | -€10,731 | -40.6% |
| Plant, machinery and equipment | 23 | €927 | €578 | -€349 | -37.7% |
| Furniture and vehicles | 24 | €25,503 | €15,121 | -€10,382 | -40.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €208,698 | €260,580 | +€51,881 | +24.9% |
| Amounts receivable within one year | 40/41 | €189,928 | €210,607 | +€20,679 | +10.9% |
| Trade receivables | 40 | €188,846 | €209,524 | +€20,679 | +11.0% |
| Other amounts receivable | 41 | €1,082 | €1,082 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,762 | €46,377 | +€28,616 | +161% |
| Deferred charges and accrued income | 490/1 | €1,008 | €3,596 | +€2,587 | +257% |
| Total equity and liabilities | 10/49 | €235,378 | €276,528 | +€41,150 | +17.5% |
| Equity | 10/15 | -€38,419 | -€7,133 | +€31,286 | +81.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €495 | €495 | = | 0.0% |
| Non-distributable reserves | 130/1 | €495 | €495 | = | 0.0% |
| Reserves not available under the articles | 1311 | €495 | €495 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,514 | -€26,228 | +€31,286 | +54.4% |
| Amounts payable | 17/49 | €273,797 | €283,661 | +€9,864 | +3.6% |
| Amounts payable within one year | 42/48 | €273,797 | €283,661 | +€9,864 | +3.6% |
| Trade debts | 44 | €121,996 | €120,925 | -€1,070 | -0.9% |
| Suppliers | 440/4 | €121,996 | €120,925 | -€1,070 | -0.9% |
| Taxes, remuneration and social security | 45 | €30,194 | €47,647 | +€17,453 | +57.8% |
| Taxes | 450/3 | €30,194 | €47,647 | +€17,453 | +57.8% |
| Other amounts payable | 47/48 | €121,607 | €115,088 | -€6,519 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,873 | €10,731 | -€1,142 | -9.6% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €18,698 | €42,552 | +€23,854 | +128% |
| Operating profit (loss) | 9901 | €6,775 | €31,821 | +€25,046 | +370% |
| Financial income | 75/76B | €16 | €0 | -€16 | -99.8% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -99.8% |
| Financial charges | 65/66B | €139 | €140 | +€1 | +0.5% |
| Recurring financial charges | 65 | €139 | €140 | +€1 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €6,652 | €31,681 | +€25,030 | +376% |
| Income taxes | 67/77 | €293 | €395 | +€102 | +34.7% |
| Profit (loss) for the period | 9904 | €6,358 | €31,286 | +€24,928 | +392% |
| Profit (loss) for the period to be appropriated | 9905 | €6,358 | €31,286 | +€24,928 | +392% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.