THERMSOFT: 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.
THERMSOFT
Largest movements
- Receivables within one year -€7,703
down €7,703 (-42.0%), from €18,319 to €10,616
of which Trade receivables: -€8,323
- Cash +€1,206
up €1,206 (+4.1%), from €29,338 to €30,544
mainly Receivables within one year (+€7,703) and Net result for the year (+€2,378)
- Accrued charges and deferred income -€6,000
down €6,000 (-26.1%), from €23,000 to €17,000
- Profit (loss) carried forward +€2,378
up €2,378 (+16.6%), from -€14,300 to -€11,921
- Trade debts -€2,275
down €2,275 (-12.7%), from €17,905 to €15,631
- Other debts -€600
no longer reported in 2025 (was €600)
- Write-downs -€849
no longer reported in 2025 (was €849)
- Financial income +€50
up €50 (+125%), from €40 to €90
- Gross operating margin +€49
up €49 (+1.8%), from €2,666 to €2,715
- Financial charges -€27
down €27 (-50.0%), from €54 to €27
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 | €47,657 | €41,160 | -€6,496 | -13.6% |
| Current assets | 29/58 | €47,657 | €41,160 | -€6,496 | -13.6% |
| Amounts receivable within one year | 40/41 | €18,319 | €10,616 | -€7,703 | -42.0% |
| Trade receivables | 40 | €12,779 | €4,457 | -€8,323 | -65.1% |
| Other amounts receivable | 41 | €5,539 | €6,159 | +€620 | +11.2% |
| Cash at bank and in hand | 54/58 | €29,338 | €30,544 | +€1,206 | +4.1% |
| Total equity and liabilities | 10/49 | €47,657 | €41,160 | -€6,496 | -13.6% |
| Equity | 10/15 | €6,151 | €8,530 | +€2,378 | +38.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,300 | -€11,921 | +€2,378 | +16.6% |
| Amounts payable | 17/49 | €41,505 | €32,631 | -€8,875 | -21.4% |
| Amounts payable within one year | 42/48 | €18,505 | €15,631 | -€2,875 | -15.5% |
| Trade debts | 44 | €17,905 | €15,631 | -€2,275 | -12.7% |
| Suppliers | 440/4 | €17,905 | €15,631 | -€2,275 | -12.7% |
| Other amounts payable | 47/48 | €600 | - | -€600 | |
| Accrued charges and deferred income | 492/3 | €23,000 | €17,000 | -€6,000 | -26.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €849 | - | -€849 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,666 | €2,715 | +€49 | +1.8% |
| Operating profit (loss) | 9901 | €1,430 | €2,316 | +€885 | +61.9% |
| Financial income | 75/76B | €40 | €90 | +€50 | +125% |
| Recurring financial income | 75 | €40 | €90 | +€50 | +125% |
| Financial charges | 65/66B | €54 | €27 | -€27 | -50.0% |
| Recurring financial charges | 65 | €54 | €27 | -€27 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €1,416 | €2,378 | +€962 | +67.9% |
| Profit (loss) for the period | 9904 | €1,416 | €2,378 | +€962 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,416 | €2,378 | +€962 | +67.9% |
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 14 October 2026 via checked.be.