THERMO HOUSE: 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 HOUSE
Largest movements
- Cash -€7,417
down €7,417 (-75.4%), from €9,841 to €2,423
mainly Stocks and contracts (-€5,854) and Investment in fixed assets (net) (-€4,148)
- Stocks and contracts +€5,854
up €5,854 (+53.6%), from €10,914 to €16,768
of which Stocks: +€12,991
- Receivables within one year +€3,042
up €3,042 (+68.9%), from €4,412 to €7,453
of which Other amounts receivable: +€6,377
- Tangible fixed assets +€1,486
up €1,486 (+29.5%), from €5,045 to €6,531
- Tax, wage and social debts +€1,544
up €1,544 (+619%), from €249 to €1,793
- Trade debts +€699
new in 2025: €699
- Profit (loss) carried forward +€609
up €609 (+3.0%), from €20,461 to €21,070
- Gross operating margin -€3,573
down €3,573 (-77.2%), from €4,627 to €1,054
- Financial income +€2,337
up €2,337 (+7,219%), from €32 to €2,369
of which Non-recurring financial income: +€2,369
- Depreciation -€610
down €610 (-18.6%), from €3,272 to €2,662
- Taxes -€499
down €499, from €249 to -€249
- Other operating charges +€244
up €244 (+2,299%), from €11 to €255
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 | €30,302 | €33,266 | +€2,964 | +9.8% |
| Fixed assets | 21/28 | €5,135 | €6,621 | +€1,486 | +28.9% |
| Tangible fixed assets | 22/27 | €5,045 | €6,531 | +€1,486 | +29.5% |
| Furniture and vehicles | 24 | €5,045 | €6,531 | +€1,486 | +29.5% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €25,166 | €26,645 | +€1,478 | +5.9% |
| Stocks and contracts in progress | 3 | €10,914 | €16,768 | +€5,854 | +53.6% |
| Stocks | 30/36 | €3,778 | €16,768 | +€12,991 | +344% |
| Contracts in progress | 37 | €7,137 | - | -€7,137 | |
| Amounts receivable within one year | 40/41 | €4,412 | €7,453 | +€3,042 | +68.9% |
| Trade receivables | 40 | €3,968 | €633 | -€3,335 | -84.1% |
| Other amounts receivable | 41 | €444 | €6,821 | +€6,377 | +1,437% |
| Cash at bank and in hand | 54/58 | €9,841 | €2,423 | -€7,417 | -75.4% |
| Total equity and liabilities | 10/49 | €30,302 | €33,266 | +€2,964 | +9.8% |
| Equity | 10/15 | €28,521 | €29,130 | +€609 | +2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,461 | €21,070 | +€609 | +3.0% |
| Amounts payable | 17/49 | €1,781 | €4,136 | +€2,355 | +132% |
| Amounts payable within one year | 42/48 | €1,781 | €4,136 | +€2,355 | +132% |
| Financial debts | 43 | €25 | - | -€25 | |
| Credit institutions | 430/8 | €25 | - | -€25 | |
| Trade debts | 44 | - | €699 | +€699 | |
| Suppliers | 440/4 | - | €699 | +€699 | |
| Taxes, remuneration and social security | 45 | €249 | €1,793 | +€1,544 | +619% |
| Taxes | 450/3 | €249 | €1,793 | +€1,544 | +619% |
| Other amounts payable | 47/48 | €1,507 | €1,645 | +€138 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,272 | €2,662 | -€610 | -18.6% |
| Other operating charges | 640/8 | €11 | €255 | +€244 | +2,299% |
| Gross operating margin | 9900 | €4,627 | €1,054 | -€3,573 | -77.2% |
| Operating profit (loss) | 9901 | €1,344 | -€1,862 | -€3,207 | |
| Financial income | 75/76B | €32 | €2,369 | +€2,337 | +7,219% |
| Recurring financial income | 75 | €32 | €2,369 | +€2,337 | +7,219% |
| Non-recurring financial income | 76B | - | €2,369 | +€2,369 | |
| Financial charges | 65/66B | €130 | €147 | +€17 | +12.9% |
| Recurring financial charges | 65 | €130 | €147 | +€17 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €1,247 | €360 | -€887 | -71.2% |
| Income taxes | 67/77 | €249 | -€249 | -€499 | |
| Profit (loss) for the period | 9904 | €997 | €609 | -€388 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €997 | €609 | -€388 | -38.9% |
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 29 October 2026 via checked.be.