Thermofixers: 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.
Thermofixers
Largest movements
- Cash +€87,204
up €87,204, from €0 to €87,204
mainly Net result for the year (+€133,186) and Trade debts (+€45,855)
- Receivables within one year +€26,591
up €26,591 (+39.6%), from €67,080 to €93,671
of which Other amounts receivable: +€30,172
- Stocks and contracts +€22,423
new in 2025: €22,423
of which Contracts in progress: +€12,859
- Tangible fixed assets +€5,191
new in 2025: €5,191
- Deferred charges and accrued income +€4,422
up €4,422 (+2,828%), from €156 to €4,578
- Profit (loss) carried forward +€133,186
up €133,186 (+81.2%), from -€164,073 to -€30,888
- Trade debts +€45,855
up €45,855 (+142%), from €32,187 to €78,042
- Other debts -€30,600
down €30,600 (-100%), from €30,600 to €0
- Tax, wage and social debts -€5,676
down €5,676 (-100%), from €5,676 to €0
- Accrued charges and deferred income +€3,412
new in 2025: €3,412
- Gross operating margin +€161,396
up €161,396, from -€4,300 to €157,096
- Staff costs +€12,836
new in 2025: €12,836
- Depreciation +€2,035
up €2,035, from €0 to €2,035
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 | €67,236 | €213,066 | +€145,830 | +217% |
| Fixed assets | 21/28 | - | €5,191 | +€5,191 | |
| Tangible fixed assets | 22/27 | - | €5,191 | +€5,191 | |
| Furniture and vehicles | 24 | - | €5,191 | +€5,191 | |
| Current assets | 29/58 | €67,236 | €207,875 | +€140,639 | +209% |
| Stocks and contracts in progress | 3 | - | €22,423 | +€22,423 | |
| Stocks | 30/36 | - | €9,564 | +€9,564 | |
| Contracts in progress | 37 | - | €12,859 | +€12,859 | |
| Amounts receivable within one year | 40/41 | €67,080 | €93,671 | +€26,591 | +39.6% |
| Trade receivables | 40 | €67,080 | €63,499 | -€3,581 | -5.3% |
| Other amounts receivable | 41 | €0 | €30,172 | +€30,172 | |
| Cash at bank and in hand | 54/58 | €0 | €87,204 | +€87,204 | |
| Deferred charges and accrued income | 490/1 | €156 | €4,578 | +€4,422 | +2,828% |
| Total equity and liabilities | 10/49 | €67,236 | €213,066 | +€145,830 | +217% |
| Equity | 10/15 | -€126,573 | €6,612 | +€133,186 | |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,073 | -€30,888 | +€133,186 | +81.2% |
| Amounts payable | 17/49 | €193,809 | €206,454 | +€12,644 | +6.5% |
| Amounts payable within one year | 42/48 | €193,809 | €203,042 | +€9,233 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €125,346 | €125,000 | -€346 | -0.3% |
| Credit institutions | 430/8 | €125,346 | €125,000 | -€346 | -0.3% |
| Trade debts | 44 | €32,187 | €78,042 | +€45,855 | +142% |
| Suppliers | 440/4 | €32,187 | €78,042 | +€45,855 | +142% |
| Taxes, remuneration and social security | 45 | €5,676 | €0 | -€5,676 | -100% |
| Taxes | 450/3 | €5,676 | €0 | -€5,676 | -100% |
| Other amounts payable | 47/48 | €30,600 | €0 | -€30,600 | -100% |
| Accrued charges and deferred income | 492/3 | - | €3,412 | +€3,412 | |
| Non-recurring operating income | 76A | - | €10,546 | +€10,546 | |
| Remuneration, social security and pensions | 62 | - | €12,836 | +€12,836 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €2,035 | +€2,035 | |
| Other operating charges | 640/8 | €569 | €1,027 | +€458 | +80.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€4,300 | €157,096 | +€161,396 | |
| Operating profit (loss) | 9901 | -€4,869 | €141,198 | +€146,067 | |
| Financial income | 75/76B | €0 | €73 | +€73 | +733,600% |
| Recurring financial income | 75 | €0 | €73 | +€73 | +733,600% |
| Financial charges | 65/66B | €6,645 | €8,086 | +€1,441 | +21.7% |
| Recurring financial charges | 65 | €6,645 | €8,086 | +€1,441 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,514 | €133,186 | +€144,699 | |
| Profit (loss) for the period | 9904 | -€11,514 | €133,186 | +€144,699 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,514 | €133,186 | +€144,699 |
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 30 October 2026 via checked.be.