think.T: 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.T
Largest movements
- Cash -€3,847
down €3,847 (-44.4%), from €8,669 to €4,822
mainly Net result for the year (-€78,848) and Trade debts (-€218)
- Receivables within one year -€2,047
down €2,047 (-12.8%), from €15,970 to €13,923
of which Other amounts receivable: -€1,478
- Tangible fixed assets -€358
down €358 (-4.8%), from €7,459 to €7,101
of which Furniture and vehicles: -€358
- Other debts +€72,787
up €72,787 (+2169.7%), from €3,355 to €76,142
- Profit (loss) carried forward -€66,263
down €66,263, from €0 to -€66,263
- Reserves -€12,585
down €12,585 (-55.7%), from €22,585 to €10,000
- Gross operating margin -€32,574
down €32,574 (-82.5%), from -€39,485 to -€72,059
- Other operating charges -€4,527
down €4,527 (-68.9%), from €6,575 to €2,047
- Depreciation -€2,329
down €2,329 (-86.7%), from €2,687 to €358
- Financial charges -€1,231
down €1,231 (-22.9%), from €5,372 to €4,141
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 | €32,487 | €26,361 | -€6,127 | -18.9% |
| Fixed assets | 21/28 | €7,459 | €7,101 | -€358 | -4.8% |
| Tangible fixed assets | 22/27 | €7,459 | €7,101 | -€358 | -4.8% |
| Furniture and vehicles | 24 | €7,459 | €7,101 | -€358 | -4.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €25,029 | €19,260 | -€5,769 | -23.0% |
| Amounts receivable within one year | 40/41 | €15,970 | €13,923 | -€2,047 | -12.8% |
| Trade receivables | 40 | €709 | €140 | -€569 | -80.3% |
| Other amounts receivable | 41 | €15,261 | €13,783 | -€1,478 | -9.7% |
| Cash at bank and in hand | 54/58 | €8,669 | €4,822 | -€3,847 | -44.4% |
| Deferred charges and accrued income | 490/1 | €390 | €515 | +€125 | +32.0% |
| Total equity and liabilities | 10/49 | €32,487 | €26,361 | -€6,127 | -18.9% |
| Equity | 10/15 | €27,585 | -€51,263 | -€78,848 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,585 | €10,000 | -€12,585 | -55.7% |
| Distributable reserves | 133 | €22,585 | €10,000 | -€12,585 | -55.7% |
| Profit (loss) carried forward | 14 | €0 | -€66,263 | -€66,263 | |
| Amounts payable | 17/49 | €4,902 | €77,623 | +€72,721 | +1483.5% |
| Amounts payable within one year | 42/48 | €4,902 | €77,623 | +€72,721 | +1483.5% |
| Trade debts | 44 | €1,454 | €1,235 | -€218 | -15.0% |
| Suppliers | 440/4 | €1,454 | €1,235 | -€218 | -15.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €94 | €246 | +€153 | +163.5% |
| Taxes | 450/3 | €94 | €246 | +€153 | +163.5% |
| Other amounts payable | 47/48 | €3,355 | €76,142 | +€72,787 | +2169.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,687 | €358 | -€2,329 | -86.7% |
| Other operating charges | 640/8 | €6,575 | €2,047 | -€4,527 | -68.9% |
| Gross operating margin | 9900 | -€39,485 | -€72,059 | -€32,574 | -82.5% |
| Operating profit (loss) | 9901 | -€48,747 | -€74,464 | -€25,718 | -52.8% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €5,372 | €4,141 | -€1,231 | -22.9% |
| Recurring financial charges | 65 | €5,372 | €4,141 | -€1,231 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€54,119 | -€78,602 | -€24,483 | -45.2% |
| Income taxes | 67/77 | €368 | €246 | -€122 | -33.1% |
| Profit (loss) for the period | 9904 | -€54,487 | -€78,848 | -€24,361 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,487 | -€78,848 | -€24,361 | -44.7% |
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 7 October 2026 via checked.be.