THERMO-TECHNICS AB: 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-TECHNICS AB
Largest movements
- Receivables within one year -€54,746
down €54,746 (-27.9%), from €195,899 to €141,153
of which Other amounts receivable: -€36,240
- Cash +€14,334
up €14,334 (+8.8%), from €162,191 to €176,526
mainly Receivables within one year (+€54,746) and Net result for the year (+€10,079)
- Deferred charges and accrued income +€12,531
new in 2025: €12,531
- Trade debts -€29,746
down €29,746 (-79.1%), from €37,596 to €7,851
- Other debts -€11,307
down €11,307 (-3.1%), from €364,134 to €352,828
- Profit (loss) carried forward +€10,079
new in 2025: €10,079
- Gross operating margin -€131,527
down €131,527 (-91.1%), from €144,359 to €12,832
- Financial charges -€17,457
down €17,457 (-96.5%), from €18,098 to €641
- Taxes -€11,095
down €11,095 (-78.5%), from €14,132 to €3,037
- Financial income -€9,415
down €9,415 (-57.0%), from €16,506 to €7,091
- Depreciation -€4,514
down €4,514 (-79.1%), from €5,703 to €1,189
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 | €987,395 | €958,783 | -€28,612 | -2.9% |
| Fixed assets | 21/28 | €3,240 | €2,051 | -€1,189 | -36.7% |
| Tangible fixed assets | 22/27 | €3,240 | €2,051 | -€1,189 | -36.7% |
| Land and buildings | 22 | €3,240 | €2,051 | -€1,189 | -36.7% |
| Current assets | 29/58 | €984,155 | €956,732 | -€27,423 | -2.8% |
| Stocks and contracts in progress | 3 | €301,933 | €309,391 | +€7,458 | +2.5% |
| Stocks | 30/36 | €301,933 | €309,391 | +€7,458 | +2.5% |
| Amounts receivable within one year | 40/41 | €195,899 | €141,153 | -€54,746 | -27.9% |
| Trade receivables | 40 | €46,933 | €28,427 | -€18,506 | -39.4% |
| Other amounts receivable | 41 | €148,965 | €112,726 | -€36,240 | -24.3% |
| Current investments | 50/53 | €324,131 | €317,131 | -€7,000 | -2.2% |
| Cash at bank and in hand | 54/58 | €162,191 | €176,526 | +€14,334 | +8.8% |
| Deferred charges and accrued income | 490/1 | - | €12,531 | +€12,531 | |
| Total equity and liabilities | 10/49 | €987,395 | €958,783 | -€28,612 | -2.9% |
| Equity | 10/15 | €566,185 | €576,264 | +€10,079 | +1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €553,785 | €553,785 | = | 0.0% |
| Distributable reserves | 133 | €553,785 | €553,785 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €10,079 | +€10,079 | |
| Amounts payable | 17/49 | €421,210 | €382,519 | -€38,691 | -9.2% |
| Amounts payable within one year | 42/48 | €421,210 | €381,453 | -€39,757 | -9.4% |
| Trade debts | 44 | €37,596 | €7,851 | -€29,746 | -79.1% |
| Suppliers | 440/4 | €37,596 | €7,851 | -€29,746 | -79.1% |
| Taxes, remuneration and social security | 45 | €19,479 | €20,774 | +€1,295 | +6.6% |
| Taxes | 450/3 | €19,244 | €14,301 | -€4,943 | -25.7% |
| Remuneration and social security | 454/9 | €236 | €6,474 | +€6,238 | +2,649% |
| Other amounts payable | 47/48 | €364,134 | €352,828 | -€11,307 | -3.1% |
| Accrued charges and deferred income | 492/3 | - | €1,067 | +€1,067 | |
| Remuneration, social security and pensions | 62 | €4,040 | €2,984 | -€1,056 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,703 | €1,189 | -€4,514 | -79.1% |
| Other operating charges | 640/8 | €2,213 | €1,993 | -€220 | -10.0% |
| Non-recurring operating charges | 66A | €69,699 | - | -€69,699 | |
| Gross operating margin | 9900 | €144,359 | €12,832 | -€131,527 | -91.1% |
| Operating profit (loss) | 9901 | €62,703 | €6,666 | -€56,037 | -89.4% |
| Financial income | 75/76B | €16,506 | €7,091 | -€9,415 | -57.0% |
| Recurring financial income | 75 | €16,506 | €7,091 | -€9,415 | -57.0% |
| Financial charges | 65/66B | €18,098 | €641 | -€17,457 | -96.5% |
| Recurring financial charges | 65 | €18,098 | €641 | -€17,457 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €61,112 | €13,116 | -€47,996 | -78.5% |
| Income taxes | 67/77 | €14,132 | €3,037 | -€11,095 | -78.5% |
| Profit (loss) for the period | 9904 | €46,980 | €10,079 | -€36,901 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,980 | €10,079 | -€36,901 | -78.5% |
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 25 October 2026 via checked.be.