THINK M: what changed
Two fiscal 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 M
Largest movements
- Cash +€80,539
up €80,539 (+7085.2%), from €1,137 to €81,676
mainly Debts after one year (+€70,000) and Other debts (+€60,699)
- Receivables after one year +€70,000
new in 2025: €70,000
- Receivables within one year +€42,092
new in 2025: €42,092
- Debts after one year +€70,000
new in 2025: €70,000
- Other debts +€60,699
up €60,699 (+10839125.0%), from €1 to €60,700
- Profit (loss) carried forward +€56,635
up €56,635, from -€54,716 to €1,919
- Reserves -€20,000
down €20,000 (-37.0%), from €54,060 to €34,060
- Tax, wage and social debts +€15,515
up €15,515 (+1455.4%), from €1,066 to €16,581
- Gross operating margin +€66,729
up €66,729, from -€9,045 to €57,684
- Other operating charges -€1,019
down €1,019 (-72.6%), from €1,403 to €384
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 | €1,137 | €193,767 | +€192,631 | +16946.2% |
| Current assets | 29/58 | €1,137 | €193,767 | +€192,631 | +16946.2% |
| Amounts receivable after more than one year | 29 | - | €70,000 | +€70,000 | |
| Trade receivables | 290 | - | €70,000 | +€70,000 | |
| Amounts receivable within one year | 40/41 | - | €42,092 | +€42,092 | |
| Trade receivables | 40 | - | €42,092 | +€42,092 | |
| Cash at bank and in hand | 54/58 | €1,137 | €81,676 | +€80,539 | +7085.2% |
| Total equity and liabilities | 10/49 | €1,137 | €193,767 | +€192,631 | +16946.2% |
| Equity | 10/15 | -€656 | €35,979 | +€36,635 | |
| Reserves | 13 | €54,060 | €34,060 | -€20,000 | -37.0% |
| Distributable reserves | 133 | €54,060 | €34,060 | -€20,000 | -37.0% |
| Profit (loss) carried forward | 14 | -€54,716 | €1,919 | +€56,635 | |
| Amounts payable | 17/49 | €1,793 | €157,788 | +€155,995 | +8702.1% |
| Amounts payable after more than one year | 17 | - | €70,000 | +€70,000 | |
| Financial debts | 170/4 | - | €70,000 | +€70,000 | |
| Amounts payable within one year | 42/48 | €1,793 | €87,788 | +€85,995 | +4797.2% |
| Trade debts | 44 | €726 | €10,507 | +€9,781 | +1347.2% |
| Suppliers | 440/4 | €726 | €10,507 | +€9,781 | +1347.2% |
| Taxes, remuneration and social security | 45 | €1,066 | €16,581 | +€15,515 | +1455.4% |
| Taxes | 450/3 | €1,066 | €16,581 | +€15,515 | +1455.4% |
| Other amounts payable | 47/48 | €1 | €60,700 | +€60,699 | +10839125.0% |
| Other operating charges | 640/8 | €1,403 | €384 | -€1,019 | -72.6% |
| Gross operating margin | 9900 | -€9,045 | €57,684 | +€66,729 | |
| Operating profit (loss) | 9901 | -€10,447 | €57,300 | +€67,747 | |
| Financial income | 75/76B | €141 | - | -€141 | |
| Recurring financial income | 75 | €141 | - | -€141 | |
| Financial charges | 65/66B | €55 | €358 | +€303 | +550.4% |
| Recurring financial charges | 65 | €55 | €358 | +€303 | +550.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,362 | €56,942 | +€67,304 | |
| Income taxes | 67/77 | €245 | €307 | +€62 | +25.1% |
| Profit (loss) for the period | 9904 | -€10,607 | €56,635 | +€67,242 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,607 | €56,635 | +€67,242 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.