THINK ALLIANCE: 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 ALLIANCE
Largest movements
- Cash -€12,744
down €12,744 (-25.3%), from €50,329 to €37,585
mainly Tax, wage and social debts (-€23,500) and Current investments (-€7,380)
- Receivables within one year -€8,314
down €8,314 (-13.1%), from €63,515 to €55,201
of which Other amounts receivable: -€8,314
- Current investments +€7,380
up €7,380 (+2.2%), from €339,878 to €347,258
- Receivables after one year -€7,101
down €7,101 (-100%), from €7,101 to €0
- Intangible fixed assets -€6,000
down €6,000 (-100%), from €6,000 to €0
- Tax, wage and social debts -€23,500
down €23,500 (-100%), from €23,500 to €0
- Gross operating margin -€290,427
down €290,427, from €284,992 to -€5,434
- Taxes -€99,251
down €99,251, from €98,629 to -€623
- Financial income -€33,641
down €33,641 (-81.3%), from €41,398 to €7,758
- Financial charges -€27,076
down €27,076 (-99.4%), from €27,226 to €150
of which Non-recurring financial charges: -€26,775
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 | €580,465 | €552,050 | -€28,415 | -4.9% |
| Fixed assets | 21/28 | €118,674 | €112,005 | -€6,668 | -5.6% |
| Intangible fixed assets | 21 | €6,000 | €0 | -€6,000 | -100% |
| Tangible fixed assets | 22/27 | €2,674 | €2,005 | -€668 | -25.0% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,674 | €2,005 | -€668 | -25.0% |
| Financial fixed assets | 28 | €110,000 | €110,000 | = | 0.0% |
| Current assets | 29/58 | €461,792 | €440,045 | -€21,747 | -4.7% |
| Amounts receivable after more than one year | 29 | €7,101 | €0 | -€7,101 | -100% |
| Other amounts receivable | 291 | €7,101 | €0 | -€7,101 | -100% |
| Amounts receivable within one year | 40/41 | €63,515 | €55,201 | -€8,314 | -13.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €63,515 | €55,201 | -€8,314 | -13.1% |
| Current investments | 50/53 | €339,878 | €347,258 | +€7,380 | +2.2% |
| Cash at bank and in hand | 54/58 | €50,329 | €37,585 | -€12,744 | -25.3% |
| Deferred charges and accrued income | 490/1 | €968 | €0 | -€968 | -100% |
| Total equity and liabilities | 10/49 | €580,465 | €552,050 | -€28,415 | -4.9% |
| Equity | 10/15 | €554,965 | €550,050 | -€4,915 | -0.9% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €240,200 | €240,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,200 | €25,200 | = | 0.0% |
| Legal reserve | 130 | €25,200 | €25,200 | = | 0.0% |
| Distributable reserves | 133 | €215,000 | €215,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,765 | €129,850 | -€4,915 | -3.6% |
| Amounts payable | 17/49 | €25,500 | €2,000 | -€23,500 | -92.2% |
| Amounts payable within one year | 42/48 | €23,500 | €0 | -€23,500 | -100% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €23,500 | €0 | -€23,500 | -100% |
| Taxes | 450/3 | €23,500 | €0 | -€23,500 | -100% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Non-recurring operating income | 76A | €327,354 | €0 | -€327,354 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,668 | €6,668 | = | 0.0% |
| Other operating charges | 640/8 | €1,737 | €1,042 | -€694 | -40.0% |
| Non-recurring operating charges | 66A | €725 | €0 | -€725 | -100% |
| Gross operating margin | 9900 | €284,992 | -€5,434 | -€290,427 | |
| Operating profit (loss) | 9901 | €275,862 | -€13,145 | -€289,008 | |
| Financial income | 75/76B | €41,398 | €7,758 | -€33,641 | -81.3% |
| Recurring financial income | 75 | €41,398 | €7,758 | -€33,641 | -81.3% |
| Financial charges | 65/66B | €27,226 | €150 | -€27,076 | -99.4% |
| Recurring financial charges | 65 | €451 | €150 | -€301 | -66.7% |
| Non-recurring financial charges | 66B | €26,775 | €0 | -€26,775 | -100% |
| Profit (loss) for the period before taxes | 9903 | €290,034 | -€5,538 | -€295,572 | |
| Income taxes | 67/77 | €98,629 | -€623 | -€99,251 | |
| Profit (loss) for the period | 9904 | €191,406 | -€4,915 | -€196,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €191,406 | -€4,915 | -€196,321 |
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.