Thiagocruz: 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.
Thiagocruz
Largest movements
- Stocks and contracts -€2,687
down €2,687 (-44.2%), from €6,085 to €3,398
- Cash -€1,187
down €1,187 (-87.8%), from €1,352 to €165
mainly Net result for the year (-€4,604) and Trade debts (-€1,002)
- Receivables within one year -€1,075
down €1,075 (-37.2%), from €2,890 to €1,815
of which Other amounts receivable: -€2,890
- Profit (loss) carried forward -€4,604
new in 2025: -€4,604
- Trade debts -€1,002
down €1,002 (-57.7%), from €1,737 to €735
- Tax, wage and social debts +€658
up €658 (+39.6%), from €1,661 to €2,318
- Gross operating margin -€9,981
down €9,981, from €6,997 to -€2,985
- Taxes -€1,453
down €1,453 (-87.5%), from €1,661 to €208
- Financial charges +€1,003
up €1,003 (+12,311%), from €8 to €1,011
- Other operating charges -€499
down €499 (-55.5%), from €899 to €400
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 | €10,327 | €5,378 | -€4,949 | -47.9% |
| Current assets | 29/58 | €10,327 | €5,378 | -€4,949 | -47.9% |
| Stocks and contracts in progress | 3 | €6,085 | €3,398 | -€2,687 | -44.2% |
| Stocks | 30/36 | €6,085 | €3,398 | -€2,687 | -44.2% |
| Amounts receivable within one year | 40/41 | €2,890 | €1,815 | -€1,075 | -37.2% |
| Trade receivables | 40 | - | €1,815 | +€1,815 | |
| Other amounts receivable | 41 | €2,890 | - | -€2,890 | |
| Cash at bank and in hand | 54/58 | €1,352 | €165 | -€1,187 | -87.8% |
| Total equity and liabilities | 10/49 | €10,327 | €5,378 | -€4,949 | -47.9% |
| Equity | 10/15 | €6,929 | €2,324 | -€4,604 | -66.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €4,429 | €4,429 | = | 0.0% |
| Distributable reserves | 133 | €4,429 | €4,429 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,604 | -€4,604 | |
| Amounts payable | 17/49 | €3,398 | €3,053 | -€345 | -10.1% |
| Amounts payable within one year | 42/48 | €3,398 | €3,053 | -€345 | -10.1% |
| Trade debts | 44 | €1,737 | €735 | -€1,002 | -57.7% |
| Suppliers | 440/4 | €1,737 | €735 | -€1,002 | -57.7% |
| Taxes, remuneration and social security | 45 | €1,661 | €2,318 | +€658 | +39.6% |
| Taxes | 450/3 | €1,661 | €2,318 | +€658 | +39.6% |
| Other operating charges | 640/8 | €899 | €400 | -€499 | -55.5% |
| Gross operating margin | 9900 | €6,997 | -€2,985 | -€9,981 | |
| Operating profit (loss) | 9901 | €6,097 | -€3,385 | -€9,482 | |
| Financial charges | 65/66B | €8 | €1,011 | +€1,003 | +12,311% |
| Recurring financial charges | 65 | €8 | €1,011 | +€1,003 | +12,311% |
| Profit (loss) for the period before taxes | 9903 | €6,089 | -€4,396 | -€10,485 | |
| Income taxes | 67/77 | €1,661 | €208 | -€1,453 | -87.5% |
| Profit (loss) for the period | 9904 | €4,429 | -€4,604 | -€9,033 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,429 | -€4,604 | -€9,033 |
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 23 October 2026 via checked.be.