THINK&TREK: 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&TREK
Largest movements
- Tangible fixed assets +€28,503
up €28,503 (+5,923%), from €481 to €28,984
- Cash -€18,501
down €18,501 (-53.6%), from €34,534 to €16,032
mainly Investment in fixed assets (net) (-€30,758) and Tax, wage and social debts (-€6,406)
- Receivables within one year -€6,636
down €6,636 (-81.4%), from €8,151 to €1,515
of which Trade receivables: -€7,063
- Deferred charges and accrued income +€4,271
up €4,271 (+1,014%), from €421 to €4,692
- Profit (loss) carried forward +€18,020
up €18,020 (+85.9%), from €20,984 to €39,004
- Tax, wage and social debts -€6,406
down €6,406 (-57.3%), from €11,178 to €4,771
- Other debts -€3,274
down €3,274 (-41.4%), from €7,902 to €4,628
- Trade debts -€703
down €703 (-68.7%), from €1,023 to €320
- Gross operating margin -€7,294
down €7,294 (-22.3%), from €32,653 to €25,358
- Depreciation +€1,919
up €1,919 (+572%), from €336 to €2,255
- Taxes -€737
down €737 (-12.9%), from €5,700 to €4,963
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,587 | €51,224 | +€7,637 | +17.5% |
| Fixed assets | 21/28 | €481 | €28,984 | +€28,503 | +5,923% |
| Tangible fixed assets | 22/27 | €481 | €28,984 | +€28,503 | +5,923% |
| Furniture and vehicles | 24 | €481 | €28,984 | +€28,503 | +5,923% |
| Current assets | 29/58 | €43,106 | €22,240 | -€20,866 | -48.4% |
| Amounts receivable within one year | 40/41 | €8,151 | €1,515 | -€6,636 | -81.4% |
| Trade receivables | 40 | €8,151 | €1,088 | -€7,063 | -86.7% |
| Other amounts receivable | 41 | - | €427 | +€427 | |
| Cash at bank and in hand | 54/58 | €34,534 | €16,032 | -€18,501 | -53.6% |
| Deferred charges and accrued income | 490/1 | €421 | €4,692 | +€4,271 | +1,014% |
| Total equity and liabilities | 10/49 | €43,587 | €51,224 | +€7,637 | +17.5% |
| Equity | 10/15 | €23,484 | €41,504 | +€18,020 | +76.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,984 | €39,004 | +€18,020 | +85.9% |
| Amounts payable | 17/49 | €20,103 | €9,720 | -€10,383 | -51.7% |
| Amounts payable within one year | 42/48 | €20,103 | €9,720 | -€10,383 | -51.7% |
| Trade debts | 44 | €1,023 | €320 | -€703 | -68.7% |
| Suppliers | 440/4 | €1,023 | €320 | -€703 | -68.7% |
| Taxes, remuneration and social security | 45 | €11,178 | €4,771 | -€6,406 | -57.3% |
| Taxes | 450/3 | €11,178 | €4,771 | -€6,406 | -57.3% |
| Other amounts payable | 47/48 | €7,902 | €4,628 | -€3,274 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336 | €2,255 | +€1,919 | +572% |
| Other operating charges | 640/8 | - | €69 | +€69 | |
| Gross operating margin | 9900 | €32,653 | €25,358 | -€7,294 | -22.3% |
| Operating profit (loss) | 9901 | €32,317 | €23,034 | -€9,283 | -28.7% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €55 | €54 | -€1 | -1.8% |
| Recurring financial charges | 65 | €55 | €54 | -€1 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €32,262 | €22,983 | -€9,279 | -28.8% |
| Income taxes | 67/77 | €5,700 | €4,963 | -€737 | -12.9% |
| Profit (loss) for the period | 9904 | €26,562 | €18,020 | -€8,542 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,562 | €18,020 | -€8,542 | -32.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.