THERMO TECHNIEK: 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 TECHNIEK
Largest movements
- Cash +€91,913
up €91,913 (+345%), from €26,631 to €118,544
mainly Net result for the year (+€77,764) and Tax, wage and social debts (+€15,335)
- Receivables within one year -€7,375
down €7,375 (-57.0%), from €12,932 to €5,557
of which Trade receivables: -€5,115
- Tangible fixed assets -€5,606
down €5,606 (-13.0%), from €43,250 to €37,643
of which Furniture and vehicles: -€7,395
- Reserves +€76,931
up €76,931 (+353%), from €21,821 to €98,753
- Tax, wage and social debts +€15,335
up €15,335 (+210%), from €7,290 to €22,625
of which Taxes: +€15,375
- Other debts -€14,657
down €14,657 (-29.7%), from €49,353 to €34,697
- Gross operating margin +€77,657
up €77,657 (+250%), from €31,099 to €108,756
- Taxes +€14,462
up €14,462 (+262%), from €5,517 to €19,979
- Depreciation +€7,458
up €7,458 (+217%), from €3,437 to €10,895
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 | €82,921 | €162,118 | +€79,197 | +95.5% |
| Fixed assets | 21/28 | €43,250 | €37,643 | -€5,606 | -13.0% |
| Tangible fixed assets | 22/27 | €43,250 | €37,643 | -€5,606 | -13.0% |
| Plant, machinery and equipment | 23 | €11,600 | €13,389 | +€1,789 | +15.4% |
| Furniture and vehicles | 24 | €31,650 | €24,255 | -€7,395 | -23.4% |
| Current assets | 29/58 | €39,671 | €124,474 | +€84,803 | +214% |
| Amounts receivable within one year | 40/41 | €12,932 | €5,557 | -€7,375 | -57.0% |
| Trade receivables | 40 | €10,572 | €5,457 | -€5,115 | -48.4% |
| Other amounts receivable | 41 | €2,360 | €100 | -€2,260 | -95.8% |
| Cash at bank and in hand | 54/58 | €26,631 | €118,544 | +€91,913 | +345% |
| Deferred charges and accrued income | 490/1 | €108 | €373 | +€265 | +247% |
| Total equity and liabilities | 10/49 | €82,921 | €162,118 | +€79,197 | +95.5% |
| Equity | 10/15 | €24,821 | €101,753 | +€76,931 | +310% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,821 | €98,753 | +€76,931 | +353% |
| Distributable reserves | 133 | €21,821 | €98,753 | +€76,931 | +353% |
| Amounts payable | 17/49 | €58,099 | €60,365 | +€2,266 | +3.9% |
| Amounts payable within one year | 42/48 | €58,099 | €60,365 | +€2,266 | +3.9% |
| Trade debts | 44 | €1,456 | €3,044 | +€1,588 | +109% |
| Suppliers | 440/4 | €1,456 | €3,044 | +€1,588 | +109% |
| Taxes, remuneration and social security | 45 | €7,290 | €22,625 | +€15,335 | +210% |
| Taxes | 450/3 | €5,517 | €20,892 | +€15,375 | +279% |
| Remuneration and social security | 454/9 | €1,773 | €1,733 | -€40 | -2.3% |
| Other amounts payable | 47/48 | €49,353 | €34,697 | -€14,657 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,437 | €10,895 | +€7,458 | +217% |
| Other operating charges | 640/8 | €465 | €934 | +€468 | +101% |
| Gross operating margin | 9900 | €31,099 | €108,756 | +€77,657 | +250% |
| Operating profit (loss) | 9901 | €27,197 | €96,928 | +€69,731 | +256% |
| Financial income | 75/76B | €173 | €874 | +€701 | +406% |
| Recurring financial income | 75 | €173 | €874 | +€701 | +406% |
| Financial charges | 65/66B | €31 | €58 | +€26 | +84.5% |
| Recurring financial charges | 65 | €31 | €58 | +€26 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €27,338 | €97,743 | +€70,405 | +258% |
| Income taxes | 67/77 | €5,517 | €19,979 | +€14,462 | +262% |
| Profit (loss) for the period | 9904 | €21,821 | €77,764 | +€55,943 | +256% |
| Profit (loss) for the period to be appropriated | 9905 | €21,821 | €77,764 | +€55,943 | +256% |
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.