ThinkBright: 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.
ThinkBright
Largest movements
- Cash -€86,394
down €86,394 (-75.8%), from €114,046 to €27,652
mainly Contributions, distributions and other (-€208,000) and Tax, wage and social debts (-€20,916)
- Tangible fixed assets -€3,418
down €3,418 (-8.9%), from €38,472 to €35,053
of which Furniture and vehicles: -€3,247
- Receivables within one year -€2,619
down €2,619 (-7.3%), from €35,915 to €33,296
of which Trade receivables: -€3,069
- Deferred charges and accrued income +€1,964
new in 2026: €1,964
- Profit (loss) carried forward -€81,294
down €81,294 (-95.6%), from €85,033 to €3,740
- Tax, wage and social debts -€20,916
down €20,916 (-90.9%), from €23,012 to €2,097
of which Taxes: -€18,287
- Other debts +€10,721
up €10,721 (+15.4%), from €69,574 to €80,295
- Gross operating margin +€66,979
up €66,979 (+59.4%), from €112,837 to €179,817
- Taxes +€16,753
up €16,753 (+82.4%), from €20,343 to €37,097
- Depreciation +€2,494
up €2,494 (+19.9%), from €12,519 to €15,013
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,432 | €97,966 | -€90,467 | -48.0% |
| Fixed assets | 21/28 | €38,472 | €35,053 | -€3,418 | -8.9% |
| Tangible fixed assets | 22/27 | €38,472 | €35,053 | -€3,418 | -8.9% |
| Plant, machinery and equipment | 23 | €1,504 | €1,332 | -€172 | -11.4% |
| Furniture and vehicles | 24 | €36,968 | €33,721 | -€3,247 | -8.8% |
| Current assets | 29/58 | €149,961 | €62,912 | -€87,048 | -58.0% |
| Amounts receivable within one year | 40/41 | €35,915 | €33,296 | -€2,619 | -7.3% |
| Trade receivables | 40 | €35,611 | €32,542 | -€3,069 | -8.6% |
| Other amounts receivable | 41 | €304 | €753 | +€450 | +148.2% |
| Cash at bank and in hand | 54/58 | €114,046 | €27,652 | -€86,394 | -75.8% |
| Deferred charges and accrued income | 490/1 | - | €1,964 | +€1,964 | |
| Total equity and liabilities | 10/49 | €188,432 | €97,966 | -€90,467 | -48.0% |
| Equity | 10/15 | €95,033 | €13,740 | -€81,294 | -85.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,033 | €3,740 | -€81,294 | -95.6% |
| Amounts payable | 17/49 | €93,399 | €84,226 | -€9,173 | -9.8% |
| Amounts payable within one year | 42/48 | €93,399 | €84,226 | -€9,173 | -9.8% |
| Trade debts | 44 | €813 | €1,835 | +€1,022 | +125.8% |
| Suppliers | 440/4 | €813 | €1,835 | +€1,022 | +125.8% |
| Taxes, remuneration and social security | 45 | €23,012 | €2,097 | -€20,916 | -90.9% |
| Taxes | 450/3 | €20,383 | €2,097 | -€18,287 | -89.7% |
| Remuneration and social security | 454/9 | €2,629 | - | -€2,629 | |
| Other amounts payable | 47/48 | €69,574 | €80,295 | +€10,721 | +15.4% |
| Non-recurring operating income | 76A | €3,459 | - | -€3,459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,519 | €15,013 | +€2,494 | +19.9% |
| Other operating charges | 640/8 | €732 | €928 | +€196 | +26.7% |
| Gross operating margin | 9900 | €112,837 | €179,817 | +€66,979 | +59.4% |
| Operating profit (loss) | 9901 | €99,585 | €163,875 | +€64,290 | +64.6% |
| Financial charges | 65/66B | €69 | €73 | +€3 | +4.7% |
| Recurring financial charges | 65 | €69 | €73 | +€3 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €99,516 | €163,803 | +€64,287 | +64.6% |
| Income taxes | 67/77 | €20,343 | €37,097 | +€16,753 | +82.4% |
| Profit (loss) for the period | 9904 | €79,173 | €126,706 | +€47,533 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,173 | €126,706 | +€47,533 | +60.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.