THERMO - PLANET: 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 - PLANET
Largest movements
- Tangible fixed assets -€10,989
down €10,989 (-52.9%), from €20,782 to €9,793
of which Furniture and vehicles: -€8,887
- Cash -€9,686
down €9,686 (-34.3%), from €28,265 to €18,579
mainly Trade debts (-€21,992) and Current portion of long-term debt (-€7,417)
- Receivables within one year -€8,298
down €8,298 (-25.0%), from €33,170 to €24,872
of which Trade receivables: -€4,712
- Stocks and contracts +€1,555
up €1,555 (+44.4%), from €3,501 to €5,055
- Trade debts -€21,992
down €21,992 (-65.6%), from €33,503 to €11,511
- Current portion of long-term debt -€7,417
down €7,417 (-72.9%), from €10,174 to €2,757
- Reserves +€2,341
up €2,341 (+21.5%), from €10,876 to €13,218
- Gross operating margin +€4,875
up €4,875 (+44.2%), from €11,017 to €15,892
- Taxes +€1,721
new in 2025: €1,721
- Depreciation -€1,279
down €1,279 (-10.4%), from €12,268 to €10,989
- Financial charges -€251
down €251 (-31.7%), from €794 to €542
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 | €91,285 | €63,664 | -€27,622 | -30.3% |
| Fixed assets | 21/28 | €21,625 | €10,636 | -€10,989 | -50.8% |
| Tangible fixed assets | 22/27 | €20,782 | €9,793 | -€10,989 | -52.9% |
| Plant, machinery and equipment | 23 | €3,448 | €1,347 | -€2,102 | -60.9% |
| Furniture and vehicles | 24 | €17,333 | €8,447 | -€8,887 | -51.3% |
| Financial fixed assets | 28 | €843 | €843 | = | 0.0% |
| Current assets | 29/58 | €69,661 | €53,028 | -€16,633 | -23.9% |
| Amounts receivable after more than one year | 29 | €2,727 | €2,851 | +€124 | +4.5% |
| Other amounts receivable | 291 | €2,727 | €2,851 | +€124 | +4.5% |
| Stocks and contracts in progress | 3 | €3,501 | €5,055 | +€1,555 | +44.4% |
| Stocks | 30/36 | €3,501 | €5,055 | +€1,555 | +44.4% |
| Amounts receivable within one year | 40/41 | €33,170 | €24,872 | -€8,298 | -25.0% |
| Trade receivables | 40 | €27,252 | €22,540 | -€4,712 | -17.3% |
| Other amounts receivable | 41 | €5,918 | €2,332 | -€3,586 | -60.6% |
| Cash at bank and in hand | 54/58 | €28,265 | €18,579 | -€9,686 | -34.3% |
| Deferred charges and accrued income | 490/1 | €1,998 | €1,670 | -€328 | -16.4% |
| Total equity and liabilities | 10/49 | €91,285 | €63,664 | -€27,622 | -30.3% |
| Equity | 10/15 | €42,726 | €45,068 | +€2,341 | +5.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €10,876 | €13,218 | +€2,341 | +21.5% |
| Distributable reserves | 133 | €10,876 | €13,218 | +€2,341 | +21.5% |
| Profit (loss) carried forward | 14 | €25,653 | €25,653 | = | 0.0% |
| Amounts payable | 17/49 | €48,559 | €18,596 | -€29,963 | -61.7% |
| Amounts payable after more than one year | 17 | €677 | - | -€677 | |
| Financial debts | 170/4 | €677 | - | -€677 | |
| Amounts payable within one year | 42/48 | €47,882 | €18,596 | -€29,286 | -61.2% |
| Current portion of amounts payable after more than one year | 42 | €10,174 | €2,757 | -€7,417 | -72.9% |
| Trade debts | 44 | €33,503 | €11,511 | -€21,992 | -65.6% |
| Suppliers | 440/4 | €33,503 | €11,511 | -€21,992 | -65.6% |
| Taxes, remuneration and social security | 45 | - | €396 | +€396 | |
| Taxes | 450/3 | - | €396 | +€396 | |
| Other amounts payable | 47/48 | €4,205 | €3,932 | -€273 | -6.5% |
| Non-recurring operating income | 76A | €370 | - | -€370 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,268 | €10,989 | -€1,279 | -10.4% |
| Other operating charges | 640/8 | €780 | €743 | -€37 | -4.7% |
| Non-recurring operating charges | 66A | €1,386 | €3 | -€1,384 | -99.8% |
| Gross operating margin | 9900 | €11,017 | €15,892 | +€4,875 | +44.2% |
| Operating profit (loss) | 9901 | -€3,417 | €4,157 | +€7,575 | |
| Financial income | 75/76B | €484 | €447 | -€37 | -7.6% |
| Recurring financial income | 75 | €484 | €447 | -€37 | -7.6% |
| Financial charges | 65/66B | €794 | €542 | -€251 | -31.7% |
| Recurring financial charges | 65 | €794 | €542 | -€251 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,727 | €4,063 | +€7,789 | |
| Income taxes | 67/77 | - | €1,721 | +€1,721 | |
| Profit (loss) for the period | 9904 | -€3,727 | €2,341 | +€6,068 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,727 | €2,341 | +€6,068 |
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 18 October 2026 via checked.be.