THINKARC: 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.
THINKARC
Largest movements
- Current investments +€183,937
new in 2025: €183,937
- Cash -€70,465
down €70,465 (-21.6%), from €326,552 to €256,087
mainly Current investments (-€183,937) and Receivables within one year (-€559)
- Reserves +€93,504
up €93,504 (+935036.1%), from €10 to €93,514
- Tax, wage and social debts +€12,481
up €12,481 (+491.0%), from €2,542 to €15,023
- Other debts +€6,483
up €6,483 (+5.0%), from €130,809 to €137,291
- Gross operating margin +€15,822
up €15,822 (+12.1%), from €131,136 to €146,957
- Taxes +€12,988
up €12,988 (+42.0%), from €30,896 to €43,883
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 | €349,623 | €461,974 | +€112,351 | +32.1% |
| Fixed assets | 21/28 | €3,638 | €1,917 | -€1,721 | -47.3% |
| Tangible fixed assets | 22/27 | €3,638 | €1,917 | -€1,721 | -47.3% |
| Plant, machinery and equipment | 23 | €2,903 | €1,738 | -€1,164 | -40.1% |
| Furniture and vehicles | 24 | €736 | €179 | -€557 | -75.7% |
| Current assets | 29/58 | €345,985 | €460,057 | +€114,072 | +33.0% |
| Amounts receivable within one year | 40/41 | €16,169 | €16,728 | +€559 | +3.5% |
| Trade receivables | 40 | €15,737 | €16,412 | +€675 | +4.3% |
| Other amounts receivable | 41 | €431 | €316 | -€116 | -26.8% |
| Current investments | 50/53 | - | €183,937 | +€183,937 | |
| Cash at bank and in hand | 54/58 | €326,552 | €256,087 | -€70,465 | -21.6% |
| Deferred charges and accrued income | 490/1 | €3,264 | €3,305 | +€41 | +1.3% |
| Total equity and liabilities | 10/49 | €349,623 | €461,974 | +€112,351 | +32.1% |
| Equity | 10/15 | €215,946 | €309,450 | +€93,504 | +43.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10 | €93,514 | +€93,504 | +935036.1% |
| Distributable reserves | 133 | €10 | €93,514 | +€93,504 | +935036.1% |
| Profit (loss) carried forward | 14 | €210,936 | €210,936 | = | 0.0% |
| Amounts payable | 17/49 | €133,676 | €152,524 | +€18,847 | +14.1% |
| Amounts payable within one year | 42/48 | €133,676 | €152,524 | +€18,847 | +14.1% |
| Trade debts | 44 | €326 | €210 | -€116 | -35.7% |
| Suppliers | 440/4 | €326 | €210 | -€116 | -35.7% |
| Taxes, remuneration and social security | 45 | €2,542 | €15,023 | +€12,481 | +491.0% |
| Taxes | 450/3 | €2,542 | €15,023 | +€12,481 | +491.0% |
| Other amounts payable | 47/48 | €130,809 | €137,291 | +€6,483 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,721 | €1,721 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €527 | +€14 | +2.8% |
| Gross operating margin | 9900 | €131,136 | €146,957 | +€15,822 | +12.1% |
| Operating profit (loss) | 9901 | €128,901 | €144,709 | +€15,807 | +12.3% |
| Financial income | 75/76B | €2,542 | €2,797 | +€255 | +10.0% |
| Recurring financial income | 75 | €2,542 | €2,797 | +€255 | +10.0% |
| Financial charges | 65/66B | €8,984 | €10,119 | +€1,135 | +12.6% |
| Recurring financial charges | 65 | €8,984 | €10,119 | +€1,135 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €122,459 | €137,387 | +€14,928 | +12.2% |
| Income taxes | 67/77 | €30,896 | €43,883 | +€12,988 | +42.0% |
| Profit (loss) for the period | 9904 | €91,563 | €93,504 | +€1,940 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,563 | €93,504 | +€1,940 | +2.1% |
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 6 October 2026 via checked.be.