THERMOCOCOON: what changed
Two fiscal 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.
THERMOCOCOON
Largest movements
- Tangible fixed assets -€19,332
down €19,332 (-8.7%), from €221,904 to €202,572
of which Land and buildings: -€18,219
- Cash +€12,850
up €12,850 (+55.1%), from €23,338 to €36,188
mainly Depreciation (+€20,832) and Receivables within one year (+€10,503)
- Receivables within one year -€10,503
down €10,503 (-6.3%), from €167,938 to €157,435
of which Trade receivables: -€22,524
- Reserves -€15,000
down €15,000 (-8.4%), from €177,860 to €162,860
of which Distributable reserves: -€15,000
- Debts after one year -€13,870
down €13,870 (-7.6%), from €181,690 to €167,819
- Tax, wage and social debts +€6,067
up €6,067 (+77.4%), from €7,841 to €13,908
of which Remuneration and social security: +€7,353
- Write-downs +€35,638
new in 2024: €35,638
- Gross operating margin +€30,871
up €30,871 (+36.6%), from €84,460 to €115,331
- Staff costs +€11,751
up €11,751 (+20.4%), from €57,686 to €69,437
- Financial charges +€1,162
up €1,162 (+27.1%), from €4,295 to €5,457
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,612 | €404,781 | -€22,831 | -5.3% |
| Fixed assets | 21/28 | €224,574 | €203,742 | -€20,832 | -9.3% |
| Intangible fixed assets | 21 | €2,250 | €750 | -€1,500 | -66.7% |
| Tangible fixed assets | 22/27 | €221,904 | €202,572 | -€19,332 | -8.7% |
| Land and buildings | 22 | €218,319 | €200,099 | -€18,219 | -8.3% |
| Plant, machinery and equipment | 23 | €3,564 | €2,460 | -€1,104 | -31.0% |
| Furniture and vehicles | 24 | €21 | €13 | -€8 | -39.5% |
| Financial fixed assets | 28 | €420 | €420 | = | 0.0% |
| Current assets | 29/58 | €203,038 | €201,039 | -€1,999 | -1.0% |
| Stocks and contracts in progress | 3 | €6,200 | €4,977 | -€1,223 | -19.7% |
| Stocks | 30/36 | €6,200 | €4,977 | -€1,223 | -19.7% |
| Amounts receivable within one year | 40/41 | €167,938 | €157,435 | -€10,503 | -6.3% |
| Trade receivables | 40 | €152,650 | €130,126 | -€22,524 | -14.8% |
| Other amounts receivable | 41 | €15,288 | €27,309 | +€12,021 | +78.6% |
| Cash at bank and in hand | 54/58 | €23,338 | €36,188 | +€12,850 | +55.1% |
| Deferred charges and accrued income | 490/1 | €5,562 | €2,440 | -€3,122 | -56.1% |
| Total equity and liabilities | 10/49 | €427,612 | €404,781 | -€22,831 | -5.3% |
| Equity | 10/15 | €198,972 | €184,296 | -€14,676 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €177,860 | €162,860 | -€15,000 | -8.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €176,000 | €161,000 | -€15,000 | -8.5% |
| Profit (loss) carried forward | 14 | €2,512 | €2,836 | +€324 | +12.9% |
| Amounts payable | 17/49 | €228,640 | €220,485 | -€8,154 | -3.6% |
| Amounts payable after more than one year | 17 | €181,690 | €167,819 | -€13,870 | -7.6% |
| Financial debts | 170/4 | €181,690 | €167,819 | -€13,870 | -7.6% |
| Amounts payable within one year | 42/48 | €44,592 | €51,318 | +€6,727 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €13,636 | €13,870 | +€234 | +1.7% |
| Trade debts | 44 | €22,572 | €23,540 | +€968 | +4.3% |
| Suppliers | 440/4 | €22,572 | €23,540 | +€968 | +4.3% |
| Taxes, remuneration and social security | 45 | €7,841 | €13,908 | +€6,067 | +77.4% |
| Taxes | 450/3 | €2,185 | €900 | -€1,285 | -58.8% |
| Remuneration and social security | 454/9 | €5,656 | €13,008 | +€7,353 | +130.0% |
| Other amounts payable | 47/48 | €543 | €0 | -€543 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,358 | €1,348 | -€1,011 | -42.9% |
| Remuneration, social security and pensions | 62 | €57,686 | €69,437 | +€11,751 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,499 | €20,832 | +€333 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €35,638 | +€35,638 | |
| Other operating charges | 640/8 | €1,605 | €1,354 | -€252 | -15.7% |
| Gross operating margin | 9900 | €84,460 | €115,331 | +€30,871 | +36.6% |
| Operating profit (loss) | 9901 | €4,670 | -€11,929 | -€16,599 | |
| Financial income | 75/76B | €3,477 | €3,007 | -€470 | -13.5% |
| Recurring financial income | 75 | €3,477 | €3,007 | -€470 | -13.5% |
| Financial charges | 65/66B | €4,295 | €5,457 | +€1,162 | +27.1% |
| Recurring financial charges | 65 | €4,295 | €5,457 | +€1,162 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €3,852 | -€14,379 | -€18,231 | |
| Income taxes | 67/77 | €1,244 | €297 | -€947 | -76.1% |
| Profit (loss) for the period | 9904 | €2,608 | -€14,676 | -€17,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,608 | -€14,676 | -€17,284 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.