Thinkalong: 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.
Thinkalong
Largest movements
- Receivables within one year -€25,594
down €25,594 (-84.0%), from €30,462 to €4,868
of which Trade receivables: -€28,950
- Tangible fixed assets +€21,252
new in 2025: €21,252
- Cash -€2,333
down €2,333 (-9.0%), from €25,982 to €23,650
mainly Investment in fixed assets (net) (-€26,438) and Net result for the year (-€9,615)
- Profit (loss) carried forward -€9,615
down €9,615 (-66.8%), from €14,392 to €4,777
- Other debts +€3,750
up €3,750 (+10.2%), from €36,742 to €40,492
- Trade debts -€1,246
no longer reported in 2025 (was €1,246)
- Gross operating margin -€22,302
down €22,302, from €18,078 to -€4,224
- Depreciation +€5,186
new in 2025: €5,186
- Taxes -€3,466
down €3,466 (-96.3%), from €3,598 to €132
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 | €57,380 | €50,760 | -€6,621 | -11.5% |
| Fixed assets | 21/28 | - | €21,252 | +€21,252 | |
| Tangible fixed assets | 22/27 | - | €21,252 | +€21,252 | |
| Furniture and vehicles | 24 | - | €21,252 | +€21,252 | |
| Current assets | 29/58 | €57,380 | €29,508 | -€27,873 | -48.6% |
| Amounts receivable within one year | 40/41 | €30,462 | €4,868 | -€25,594 | -84.0% |
| Trade receivables | 40 | €28,950 | - | -€28,950 | |
| Other amounts receivable | 41 | €1,512 | €4,868 | +€3,356 | +222.1% |
| Cash at bank and in hand | 54/58 | €25,982 | €23,650 | -€2,333 | -9.0% |
| Deferred charges and accrued income | 490/1 | €937 | €990 | +€54 | +5.7% |
| Total equity and liabilities | 10/49 | €57,380 | €50,760 | -€6,621 | -11.5% |
| Equity | 10/15 | €19,392 | €9,777 | -€9,615 | -49.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,392 | €4,777 | -€9,615 | -66.8% |
| Amounts payable | 17/49 | €37,988 | €40,983 | +€2,995 | +7.9% |
| Amounts payable within one year | 42/48 | €37,988 | €40,983 | +€2,995 | +7.9% |
| Trade debts | 44 | €1,246 | - | -€1,246 | |
| Suppliers | 440/4 | €1,246 | - | -€1,246 | |
| Taxes, remuneration and social security | 45 | - | €491 | +€491 | |
| Taxes | 450/3 | - | €491 | +€491 | |
| Other amounts payable | 47/48 | €36,742 | €40,492 | +€3,750 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,186 | +€5,186 | |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €18,078 | -€4,224 | -€22,302 | |
| Operating profit (loss) | 9901 | €18,028 | -€9,410 | -€27,438 | |
| Financial charges | 65/66B | €38 | €73 | +€35 | +94.3% |
| Recurring financial charges | 65 | €38 | €73 | +€35 | +94.3% |
| Profit (loss) for the period before taxes | 9903 | €17,990 | -€9,483 | -€27,474 | |
| Income taxes | 67/77 | €3,598 | €132 | -€3,466 | -96.3% |
| Profit (loss) for the period | 9904 | €14,392 | -€9,615 | -€24,008 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,392 | -€9,615 | -€24,008 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.