THERMOPOLIS: 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.
THERMOPOLIS
Largest movements
- Receivables within one year -€279,848
down €279,848 (-99.6%), from €280,989 to €1,140
of which Trade receivables: -€276,812
- Cash +€47,838
up €47,838 (+1309.2%), from €3,654 to €51,492
mainly Receivables within one year (+€279,848) and Other debts (+€212,278)
- Profit (loss) carried forward -€309,606
down €309,606 (-21.2%), from -€1.5m to -€1.8m
- Other debts +€212,278
up €212,278 (+11.5%), from €1.8m to €2.1m
- Trade debts -€136,074
down €136,074 (-93.0%), from €146,291 to €10,217
- Turnover -€44,595
no longer reported in 2024 (was €44,595)
- Purchases and services -€39,076
no longer reported in 2024 (was €39,076)
- Other operating charges +€1,862
up €1,862 (+63.3%), from €2,940 to €4,803
- Gross operating margin +€1,383
up €1,383 (+25.1%), from €5,519 to €6,903
- Depreciation -€1,019
down €1,019 (-100.0%), from €1,019 to €0
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 | €829,312 | €595,911 | -€233,401 | -28.1% |
| Fixed assets | 21/28 | €1,921 | €530 | -€1,391 | -72.4% |
| Tangible fixed assets | 22/27 | €1,391 | €0 | -€1,391 | -100.0% |
| Other tangible fixed assets | 26 | €1,391 | €0 | -€1,391 | -100.0% |
| Financial fixed assets | 28 | €530 | €530 | = | 0.0% |
| Current assets | 29/58 | €827,392 | €595,381 | -€232,010 | -28.0% |
| Stocks and contracts in progress | 3 | €542,749 | €542,749 | = | 0.0% |
| Stocks | 30/36 | €542,749 | €542,749 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €280,989 | €1,140 | -€279,848 | -99.6% |
| Trade receivables | 40 | €277,101 | €289 | -€276,812 | -99.9% |
| Other amounts receivable | 41 | €3,887 | €851 | -€3,037 | -78.1% |
| Cash at bank and in hand | 54/58 | €3,654 | €51,492 | +€47,838 | +1309.2% |
| Total equity and liabilities | 10/49 | €829,312 | €595,911 | -€233,401 | -28.1% |
| Equity | 10/15 | -€1,160,473 | -€1,470,079 | -€309,606 | -26.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,460,473 | -€1,770,079 | -€309,606 | -21.2% |
| Amounts payable | 17/49 | €1,989,786 | €2,065,990 | +€76,205 | +3.8% |
| Amounts payable within one year | 42/48 | €1,989,786 | €2,065,990 | +€76,205 | +3.8% |
| Trade debts | 44 | €146,291 | €10,217 | -€136,074 | -93.0% |
| Suppliers | 440/4 | €146,291 | €10,217 | -€136,074 | -93.0% |
| Other amounts payable | 47/48 | €1,843,495 | €2,055,773 | +€212,278 | +11.5% |
| Turnover | 70 | €44,595 | - | -€44,595 | |
| Goods, raw materials, services and sundry goods | 60/61 | €39,076 | - | -€39,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,019 | €0 | -€1,019 | -100.0% |
| Other operating charges | 640/8 | €2,940 | €4,803 | +€1,862 | +63.3% |
| Non-recurring operating charges | 66A | - | €311,557 | +€311,557 | |
| Gross operating margin | 9900 | €5,519 | €6,903 | +€1,383 | +25.1% |
| Operating profit (loss) | 9901 | €1,560 | -€309,457 | -€311,017 | |
| Financial charges | 65/66B | €123 | €149 | +€26 | +20.7% |
| Recurring financial charges | 65 | €123 | €149 | +€26 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €1,437 | -€309,606 | -€311,043 | |
| Profit (loss) for the period | 9904 | €1,437 | -€309,606 | -€311,043 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,437 | -€309,606 | -€311,043 |
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 30 September 2026 via checked.be.