THINK2ACT PARTNERS: 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.
What changed
THINK2ACT PARTNERS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.9m
2024 · €394,680+€2.5m
Equity
€4.9m
2024 · €2.0m+€2.9m
Cash
€121,603
2024 · €21,904+€99,699
Balance sheet total
€5.5m
2024 · €4.9m+€572,865
Largest movements
Assets
- Current investments +€450,000
new in 2025: €450,000
- Cash +€99,699
up €99,699 (+455%), from €21,904 to €121,603
mainly Net result for the year (+€2.9m) and Depreciation (+€51,571)
Equity and liabilities
- Profit (loss) carried forward +€2.9m
up €2.9m (+181%), from €1.6m to €4.5m
- Debts after one year -€2.3m
down €2.3m (-82.2%), from €2.8m to €500,000
of which Other amounts payable: -€2.3m
- Other debts -€56,444
down €56,444 (-93.4%), from €60,444 to €4,000
Income statement
- Financial income +€2.5m
up €2.5m (+900%), from €275,363 to €2.8m
- Gross operating margin +€71,086
up €71,086 (+18.5%), from €383,921 to €455,007
- Taxes +€22,957
up €22,957 (+54.2%), from €42,377 to €65,334
- Financial charges -€21,278
down €21,278 (-34.1%), from €62,391 to €41,113
- Depreciation +€6,559
up €6,559 (+14.6%), from €45,012 to €51,571
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.
Result 2024
€394,680
Gross operating margin
+€71,086
Staff costs
-€4,335
Depreciation
-€6,559
Other operating charges
+€297
Financial income
+€2.5m
Financial charges
+€21,278
Taxes
-€22,957
Result 2025
€2.9m
raises the resultlowers the result
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.
From operations
+€2.9m
Investment
-€502,581
Financing
-€2.3m
Cash 2024
€21,904
From operations (derived)
+€2.9m
Net result for the year
+€2.9m
Depreciation
+€51,571
Receivables within one year
-€22,138
Smaller working-capital items
-€415
Tax, wage and social debts
+€13,261
Other debts
-€56,444
Investment (derived)
-€502,581
Investment in fixed assets (net)
-€52,581
Current investments
-€450,000
Financing
-€2.3m
Debts after one year
-€2.3m
Short-term financial debts
-€3,174
Contributions, distributions and other
-€4,000
Cash 2025
€121,603
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,911,107 | €5,483,972 | +€572,865 | +11.7% |
| Fixed assets | 21/28 | €4,630,488 | €4,631,498 | +€1,010 | 0.0% |
| Tangible fixed assets | 22/27 | €1,010,063 | €1,011,073 | +€1,010 | +0.1% |
| Land and buildings | 22 | €1,005,133 | €1,008,527 | +€3,395 | +0.3% |
| Furniture and vehicles | 24 | €4,931 | €2,546 | -€2,385 | -48.4% |
| Financial fixed assets | 28 | €3,620,425 | €3,620,425 | = | 0.0% |
| Current assets | 29/58 | €280,619 | €852,474 | +€571,855 | +204% |
| Amounts receivable after more than one year | 29 | €91,667 | €91,667 | = | 0.0% |
| Other amounts receivable | 291 | €91,667 | €91,667 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €163,480 | €185,617 | +€22,138 | +13.5% |
| Trade receivables | 40 | €91,043 | €101,004 | +€9,961 | +10.9% |
| Other amounts receivable | 41 | €72,437 | €84,613 | +€12,176 | +16.8% |
| Current investments | 50/53 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €21,904 | €121,603 | +€99,699 | +455% |
| Deferred charges and accrued income | 490/1 | €3,569 | €3,587 | +€18 | +0.5% |
| Total equity and liabilities | 10/49 | €4,911,107 | €5,483,972 | +€572,865 | +11.7% |
| Equity | 10/15 | €1,969,543 | €4,896,903 | +€2.9m | +149% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €331,295 | €331,295 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €329,435 | €329,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,619,649 | €4,547,008 | +€2.9m | +181% |
| Amounts payable | 17/49 | €2,941,564 | €587,070 | -€2.4m | -80.0% |
| Amounts payable after more than one year | 17 | €2,807,742 | €500,000 | -€2.3m | -82.2% |
| Financial debts | 170/4 | €550,000 | €500,000 | -€50,000 | -9.1% |
| Other amounts payable | 178/9 | €2,257,742 | - | -€2.3m | |
| Amounts payable within one year | 42/48 | €129,926 | €83,498 | -€46,428 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 43 | €3,493 | €318 | -€3,174 | -90.9% |
| Credit institutions | 430/8 | €3,493 | €318 | -€3,174 | -90.9% |
| Trade debts | 44 | €2,421 | €2,350 | -€71 | -2.9% |
| Suppliers | 440/4 | €2,421 | €2,350 | -€71 | -2.9% |
| Taxes, remuneration and social security | 45 | €13,569 | €26,830 | +€13,261 | +97.7% |
| Taxes | 450/3 | - | €12,775 | +€12,775 | |
| Remuneration and social security | 454/9 | €13,569 | €14,055 | +€486 | +3.6% |
| Other amounts payable | 47/48 | €60,444 | €4,000 | -€56,444 | -93.4% |
| Accrued charges and deferred income | 492/3 | €3,896 | €3,571 | -€325 | -8.3% |
| Remuneration, social security and pensions | 62 | €110,493 | €114,828 | +€4,335 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,012 | €51,571 | +€6,559 | +14.6% |
| Other operating charges | 640/8 | €4,330 | €4,033 | -€297 | -6.9% |
| Gross operating margin | 9900 | €383,921 | €455,007 | +€71,086 | +18.5% |
| Operating profit (loss) | 9901 | €224,085 | €284,574 | +€60,489 | +27.0% |
| Financial income | 75/76B | €275,363 | €2,753,232 | +€2.5m | +900% |
| Recurring financial income | 75 | €275,363 | €2,753,232 | +€2.5m | +900% |
| Financial charges | 65/66B | €62,391 | €41,113 | -€21,278 | -34.1% |
| Recurring financial charges | 65 | €62,391 | €41,113 | -€21,278 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €437,057 | €2,996,693 | +€2.6m | +586% |
| Income taxes | 67/77 | €42,377 | €65,334 | +€22,957 | +54.2% |
| Profit (loss) for the period | 9904 | €394,680 | €2,931,359 | +€2.5m | +643% |
| Profit (loss) for the period to be appropriated | 9905 | €394,680 | €2,931,359 | +€2.5m | +643% |
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 16 October 2026 via checked.be.