ThinkBureau: 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.
ThinkBureau
Largest movements
- Cash -€13,369
down €13,369 (-43.9%), from €30,458 to €17,088
mainly Contributions, distributions and other (-€50,000) and Debts after one year (-€15,650)
- Tangible fixed assets -€11,444
down €11,444 (-21.9%), from €52,261 to €40,816
of which Furniture and vehicles: -€15,209
- Receivables within one year -€8,143
down €8,143 (-37.1%), from €21,961 to €13,818
of which Trade receivables: -€7,512
- Reserves -€33,844
down €33,844 (-87.4%), from €38,701 to €4,857
- Other debts +€16,631
up €16,631 (+97.7%), from €17,022 to €33,653
- Debts after one year -€15,650
down €15,650 (-59.0%), from €26,533 to €10,883
- Trade debts -€2,076
down €2,076 (-57.6%), from €3,601 to €1,525
- Tax, wage and social debts +€1,262
up €1,262 (+25.8%), from €4,888 to €6,150
- Gross operating margin +€7,804
up €7,804 (+25.0%), from €31,279 to €39,083
- Depreciation +€2,633
up €2,633 (+19.6%), from €13,401 to €16,034
- Financial charges +€810
up €810 (+66.1%), from €1,225 to €2,035
- Taxes +€631
up €631 (+16.8%), from €3,745 to €4,375
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 | €106,621 | €73,718 | -€32,902 | -30.9% |
| Fixed assets | 21/28 | €52,461 | €41,016 | -€11,444 | -21.8% |
| Tangible fixed assets | 22/27 | €52,261 | €40,816 | -€11,444 | -21.9% |
| Plant, machinery and equipment | 23 | €2,242 | €6,006 | +€3,764 | +167.9% |
| Furniture and vehicles | 24 | €50,019 | €34,810 | -€15,209 | -30.4% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €54,160 | €32,702 | -€21,458 | -39.6% |
| Amounts receivable within one year | 40/41 | €21,961 | €13,818 | -€8,143 | -37.1% |
| Trade receivables | 40 | €20,705 | €13,193 | -€7,512 | -36.3% |
| Other amounts receivable | 41 | €1,255 | €625 | -€631 | -50.2% |
| Cash at bank and in hand | 54/58 | €30,458 | €17,088 | -€13,369 | -43.9% |
| Deferred charges and accrued income | 490/1 | €1,742 | €1,796 | +€54 | +3.1% |
| Total equity and liabilities | 10/49 | €106,621 | €73,718 | -€32,902 | -30.9% |
| Equity | 10/15 | €39,701 | €5,857 | -€33,844 | -85.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €38,701 | €4,857 | -€33,844 | -87.4% |
| Distributable reserves | 133 | €38,701 | €4,857 | -€33,844 | -87.4% |
| Amounts payable | 17/49 | €66,919 | €67,861 | +€942 | +1.4% |
| Amounts payable after more than one year | 17 | €26,533 | €10,883 | -€15,650 | -59.0% |
| Financial debts | 170/4 | €26,533 | €10,883 | -€15,650 | -59.0% |
| Amounts payable within one year | 42/48 | €40,386 | €56,978 | +€16,591 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | €14,875 | €15,650 | +€775 | +5.2% |
| Trade debts | 44 | €3,601 | €1,525 | -€2,076 | -57.6% |
| Suppliers | 440/4 | €3,601 | €1,525 | -€2,076 | -57.6% |
| Taxes, remuneration and social security | 45 | €4,888 | €6,150 | +€1,262 | +25.8% |
| Taxes | 450/3 | €4,888 | €6,150 | +€1,262 | +25.8% |
| Other amounts payable | 47/48 | €17,022 | €33,653 | +€16,631 | +97.7% |
| Non-recurring operating income | 76A | €5,547 | - | -€5,547 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,401 | €16,034 | +€2,633 | +19.6% |
| Other operating charges | 640/8 | €556 | €544 | -€12 | -2.2% |
| Gross operating margin | 9900 | €31,279 | €39,083 | +€7,804 | +25.0% |
| Operating profit (loss) | 9901 | €17,322 | €22,505 | +€5,184 | +29.9% |
| Financial income | 75/76B | €19 | €60 | +€41 | +220.4% |
| Recurring financial income | 75 | €19 | €60 | +€41 | +220.4% |
| Financial charges | 65/66B | €1,225 | €2,035 | +€810 | +66.1% |
| Recurring financial charges | 65 | €1,225 | €2,035 | +€810 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | €16,116 | €20,531 | +€4,415 | +27.4% |
| Income taxes | 67/77 | €3,745 | €4,375 | +€631 | +16.8% |
| Profit (loss) for the period | 9904 | €12,371 | €16,156 | +€3,784 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,371 | €16,156 | +€3,784 | +30.6% |
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 5 October 2026 via checked.be.