thideworks: 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.
thideworks
Largest movements
- Cash -€69,958
down €69,958 (-44.8%), from €155,988 to €86,030
mainly Contributions, distributions and other (-€140,000) and Current investments (-€64,459)
- Current investments +€64,459
up €64,459 (+301.2%), from €21,400 to €85,859
- Tangible fixed assets -€21,458
down €21,458 (-80.8%), from €26,548 to €5,090
- Financial fixed assets -€15,000
down €15,000 (-90.3%), from €16,602 to €1,602
- Profit (loss) carried forward -€67,555
down €67,555 (-96.0%), from €70,382 to €2,827
- Other debts +€39,996
up €39,996 (+103.0%), from €38,823 to €78,819
- Tax, wage and social debts -€14,471
down €14,471 (-32.3%), from €44,821 to €30,349
of which Remuneration and social security: -€8,800
- Financial charges +€21,786
up €21,786, from -€1,310 to €20,475
- Financial income +€16,002
up €16,002 (+249.4%), from €6,418 to €22,420
- Depreciation -€11,725
down €11,725 (-86.4%), from €13,577 to €1,852
- Taxes +€4,008
up €4,008 (+16.7%), from €24,005 to €28,013
- Other operating charges -€2,892
down €2,892 (-68.1%), from €4,245 to €1,353
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.
Cash bridge derived
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 | €287,884 | €247,172 | -€40,712 | -14.1% |
| Fixed assets | 21/28 | €43,151 | €6,692 | -€36,458 | -84.5% |
| Tangible fixed assets | 22/27 | €26,548 | €5,090 | -€21,458 | -80.8% |
| Furniture and vehicles | 24 | €26,548 | €5,090 | -€21,458 | -80.8% |
| Financial fixed assets | 28 | €16,602 | €1,602 | -€15,000 | -90.3% |
| Current assets | 29/58 | €244,733 | €240,480 | -€4,254 | -1.7% |
| Amounts receivable within one year | 40/41 | €63,530 | €65,051 | +€1,521 | +2.4% |
| Trade receivables | 40 | €18,847 | €58 | -€18,789 | -99.7% |
| Other amounts receivable | 41 | €44,683 | €64,993 | +€20,310 | +45.5% |
| Current investments | 50/53 | €21,400 | €85,859 | +€64,459 | +301.2% |
| Cash at bank and in hand | 54/58 | €155,988 | €86,030 | -€69,958 | -44.8% |
| Deferred charges and accrued income | 490/1 | €3,815 | €3,540 | -€275 | -7.2% |
| Total equity and liabilities | 10/49 | €287,884 | €247,172 | -€40,712 | -14.1% |
| Equity | 10/15 | €204,237 | €136,682 | -€67,555 | -33.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €115,305 | €115,305 | = | 0.0% |
| Distributable reserves | 133 | €115,305 | €115,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,382 | €2,827 | -€67,555 | -96.0% |
| Amounts payable | 17/49 | €83,647 | €110,490 | +€26,843 | +32.1% |
| Amounts payable within one year | 42/48 | €83,647 | €110,490 | +€26,843 | +32.1% |
| Trade debts | 44 | €3 | €1,322 | +€1,319 | +43517.5% |
| Suppliers | 440/4 | €3 | €1,322 | +€1,319 | +43517.5% |
| Taxes, remuneration and social security | 45 | €44,821 | €30,349 | -€14,471 | -32.3% |
| Taxes | 450/3 | €36,021 | €30,349 | -€5,671 | -15.7% |
| Remuneration and social security | 454/9 | €8,800 | €0 | -€8,800 | -100.0% |
| Other amounts payable | 47/48 | €38,823 | €78,819 | +€39,996 | +103.0% |
| Non-recurring operating income | 76A | €1,450 | €14,563 | +€13,113 | +904.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,577 | €1,852 | -€11,725 | -86.4% |
| Other operating charges | 640/8 | €4,245 | €1,353 | -€2,892 | -68.1% |
| Non-recurring operating charges | 66A | €27 | €0 | -€27 | -100.0% |
| Gross operating margin | 9900 | €104,508 | €101,719 | -€2,789 | -2.7% |
| Operating profit (loss) | 9901 | €86,659 | €98,514 | +€11,855 | +13.7% |
| Financial income | 75/76B | €6,418 | €22,420 | +€16,002 | +249.4% |
| Recurring financial income | 75 | €6,418 | €22,420 | +€16,002 | +249.4% |
| Financial charges | 65/66B | -€1,310 | €20,475 | +€21,786 | |
| Recurring financial charges | 65 | -€1,310 | €20,475 | +€21,786 | |
| Profit (loss) for the period before taxes | 9903 | €94,387 | €100,458 | +€6,071 | +6.4% |
| Income taxes | 67/77 | €24,005 | €28,013 | +€4,008 | +16.7% |
| Profit (loss) for the period | 9904 | €70,382 | €72,445 | +€2,063 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,382 | €72,445 | +€2,063 | +2.9% |
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 11 October 2026 via checked.be.