Think Again: 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.
Think Again
Largest movements
- Receivables within one year +€147,383
up €147,383 (+717.4%), from €20,545 to €167,928
of which Other amounts receivable: +€148,408
- Cash +€14,279
up €14,279 (+265.2%), from €5,384 to €19,663
mainly Other debts (+€133,303) and Net result for the year (+€19,809)
- Receivables after one year -€10,000
no longer reported in 2025 (was €10,000)
- Other debts +€133,303
up €133,303 (+9355.1%), from €1,425 to €134,728
- Profit (loss) carried forward +€19,809
up €19,809 (+71.2%), from €27,830 to €47,639
- Tax, wage and social debts -€2,234
down €2,234 (-82.4%), from €2,713 to €478
- Gross operating margin +€56,692
up €56,692, from -€34,439 to €22,253
- Depreciation -€881
down €881 (-33.4%), from €2,635 to €1,754
- Financial charges +€357
up €357 (+185.3%), from €193 to €549
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 | €39,833 | €191,699 | +€151,866 | +381.3% |
| Fixed assets | 21/28 | €3,443 | €3,267 | -€176 | -5.1% |
| Tangible fixed assets | 22/27 | €3,443 | €3,267 | -€176 | -5.1% |
| Plant, machinery and equipment | 23 | €1,612 | €888 | -€725 | -45.0% |
| Furniture and vehicles | 24 | €1,831 | €2,379 | +€549 | +30.0% |
| Current assets | 29/58 | €36,390 | €188,432 | +€152,043 | +417.8% |
| Amounts receivable after more than one year | 29 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 291 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €20,545 | €167,928 | +€147,383 | +717.4% |
| Trade receivables | 40 | €11,867 | €10,842 | -€1,025 | -8.6% |
| Other amounts receivable | 41 | €8,679 | €157,086 | +€148,408 | +1710.1% |
| Cash at bank and in hand | 54/58 | €5,384 | €19,663 | +€14,279 | +265.2% |
| Deferred charges and accrued income | 490/1 | €460 | €841 | +€381 | +82.9% |
| Total equity and liabilities | 10/49 | €39,833 | €191,699 | +€151,866 | +381.3% |
| Equity | 10/15 | €33,830 | €53,639 | +€19,809 | +58.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,830 | €47,639 | +€19,809 | +71.2% |
| Amounts payable | 17/49 | €6,002 | €138,060 | +€132,058 | +2200.1% |
| Amounts payable within one year | 42/48 | €6,002 | €138,060 | +€132,058 | +2200.1% |
| Trade debts | 44 | €1,865 | €2,854 | +€989 | +53.0% |
| Suppliers | 440/4 | €1,865 | €2,854 | +€989 | +53.0% |
| Taxes, remuneration and social security | 45 | €2,713 | €478 | -€2,234 | -82.4% |
| Taxes | 450/3 | €2,713 | €478 | -€2,234 | -82.4% |
| Other amounts payable | 47/48 | €1,425 | €134,728 | +€133,303 | +9355.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,635 | €1,754 | -€881 | -33.4% |
| Gross operating margin | 9900 | -€34,439 | €22,253 | +€56,692 | |
| Operating profit (loss) | 9901 | -€37,074 | €20,499 | +€57,573 | |
| Financial income | 75/76B | €284 | €42 | -€242 | -85.2% |
| Recurring financial income | 75 | €284 | €42 | -€242 | -85.2% |
| Financial charges | 65/66B | €193 | €549 | +€357 | +185.3% |
| Recurring financial charges | 65 | €193 | €549 | +€357 | +185.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,983 | €19,991 | +€56,974 | |
| Income taxes | 67/77 | €170 | €183 | +€12 | +7.2% |
| Profit (loss) for the period | 9904 | -€37,153 | €19,809 | +€56,962 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,153 | €19,809 | +€56,962 |
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 12 October 2026 via checked.be.