Think Innovate & Build: what changed
Think Innovate & Build
Largest movements
- Cash +€97,433
up €97,433 (+116%), from €83,953 to €181,386
mainly Net result for the year (+€64,154) and Depreciation (+€53,544)
- Tangible fixed assets -€51,694
down €51,694 (-30.2%), from €171,048 to €119,355
of which Furniture and vehicles: -€38,801
- Receivables within one year +€15,995
up €15,995 (+30.4%), from €52,679 to €68,674
of which Trade receivables: +€12,186
- Reserves +€64,150
up €64,150 (+137%), from €46,860 to €111,010
- Other debts -€25,210
down €25,210 (-62.7%), from €40,210 to €15,000
- Debts after one year +€22,382
up €22,382 (+86.0%), from €26,025 to €48,407
- Tax, wage and social debts +€21,471
up €21,471 (+666%), from €3,224 to €24,695
of which Taxes: +€21,480
- Profit (loss) carried forward -€14,996
down €14,996 (-11.6%), from €128,855 to €113,859
- Gross operating margin +€65,028
up €65,028 (+46.6%), from €139,486 to €204,514
- Financial charges +€40,723
up €40,723 (+1,342%), from €3,034 to €43,757
- Taxes +€16,354
up €16,354 (+96.9%), from €16,873 to €33,227
- Depreciation -€7,363
down €7,363 (-12.1%), from €60,907 to €53,544
- Other operating charges +€5,943
up €5,943 (+153%), from €3,890 to €9,833
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,929 | €373,442 | +€64,513 | +20.9% |
| Fixed assets | 21/28 | €171,073 | €119,355 | -€51,719 | -30.2% |
| Tangible fixed assets | 22/27 | €171,048 | €119,355 | -€51,694 | -30.2% |
| Plant, machinery and equipment | 23 | €2,925 | - | -€2,925 | |
| Furniture and vehicles | 24 | €117,991 | €79,190 | -€38,801 | -32.9% |
| Other tangible fixed assets | 26 | €50,133 | €40,165 | -€9,967 | -19.9% |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €137,855 | €254,087 | +€116,232 | +84.3% |
| Amounts receivable within one year | 40/41 | €52,679 | €68,674 | +€15,995 | +30.4% |
| Trade receivables | 40 | €48,552 | €60,738 | +€12,186 | +25.1% |
| Other amounts receivable | 41 | €4,127 | €7,936 | +€3,809 | +92.3% |
| Cash at bank and in hand | 54/58 | €83,953 | €181,386 | +€97,433 | +116% |
| Deferred charges and accrued income | 490/1 | €1,224 | €4,028 | +€2,804 | +229% |
| Total equity and liabilities | 10/49 | €308,929 | €373,442 | +€64,513 | +20.9% |
| Equity | 10/15 | €194,315 | €243,469 | +€49,154 | +25.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,860 | €111,010 | +€64,150 | +137% |
| Distributable reserves | 133 | €46,860 | €111,010 | +€64,150 | +137% |
| Profit (loss) carried forward | 14 | €128,855 | €113,859 | -€14,996 | -11.6% |
| Amounts payable | 17/49 | €114,614 | €129,973 | +€15,359 | +13.4% |
| Amounts payable after more than one year | 17 | €26,025 | €48,407 | +€22,382 | +86.0% |
| Financial debts | 170/4 | €26,025 | €48,407 | +€22,382 | +86.0% |
| Amounts payable within one year | 42/48 | €88,589 | €81,566 | -€7,023 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €39,046 | €33,975 | -€5,071 | -13.0% |
| Trade debts | 44 | €6,109 | €7,896 | +€1,787 | +29.2% |
| Suppliers | 440/4 | €6,109 | €7,896 | +€1,787 | +29.2% |
| Taxes, remuneration and social security | 45 | €3,224 | €24,695 | +€21,471 | +666% |
| Taxes | 450/3 | €746 | €22,225 | +€21,480 | +2,881% |
| Remuneration and social security | 454/9 | €2,478 | €2,470 | -€8 | -0.3% |
| Other amounts payable | 47/48 | €40,210 | €15,000 | -€25,210 | -62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,907 | €53,544 | -€7,363 | -12.1% |
| Other operating charges | 640/8 | €3,890 | €9,833 | +€5,943 | +153% |
| Gross operating margin | 9900 | €139,486 | €204,514 | +€65,028 | +46.6% |
| Operating profit (loss) | 9901 | €74,689 | €141,137 | +€66,449 | +89.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,034 | €43,757 | +€40,723 | +1,342% |
| Recurring financial charges | 65 | €3,034 | €43,757 | +€40,723 | +1,342% |
| Profit (loss) for the period before taxes | 9903 | €71,655 | €97,381 | +€25,726 | +35.9% |
| Income taxes | 67/77 | €16,873 | €33,227 | +€16,354 | +96.9% |
| Profit (loss) for the period | 9904 | €54,782 | €64,154 | +€9,372 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,782 | €64,154 | +€9,372 | +17.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.