THINKCEPTION: 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.
THINKCEPTION
Largest movements
- Cash +€47,799
up €47,799 (+27.6%), from €173,007 to €220,805
mainly Other debts (+€54,188) and Net result for the year (+€44,972)
- Receivables within one year -€26,334
down €26,334 (-76.1%), from €34,610 to €8,276
of which Trade receivables: -€25,180
- Other debts +€54,188
up €54,188 (+229.0%), from €23,659 to €77,847
- Reserves -€26,716
down €26,716 (-15.7%), from €170,112 to €143,396
of which Distributable reserves: -€26,716
- Tax, wage and social debts -€8,347
down €8,347 (-27.6%), from €30,235 to €21,888
of which Remuneration and social security: -€6,169
- Gross operating margin -€14,484
down €14,484 (-17.7%), from €81,728 to €67,244
- Taxes -€4,686
down €4,686 (-19.7%), from €23,831 to €19,145
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 | €246,388 | €266,320 | +€19,931 | +8.1% |
| Fixed assets | 21/28 | €36,569 | €35,550 | -€1,019 | -2.8% |
| Tangible fixed assets | 22/27 | €36,529 | €35,510 | -€1,019 | -2.8% |
| Plant, machinery and equipment | 23 | - | €599 | +€599 | |
| Furniture and vehicles | 24 | €36,529 | €34,912 | -€1,617 | -4.4% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €209,819 | €230,770 | +€20,950 | +10.0% |
| Amounts receivable within one year | 40/41 | €34,610 | €8,276 | -€26,334 | -76.1% |
| Trade receivables | 40 | €33,457 | €8,276 | -€25,180 | -75.3% |
| Other amounts receivable | 41 | €1,154 | - | -€1,154 | |
| Cash at bank and in hand | 54/58 | €173,007 | €220,805 | +€47,799 | +27.6% |
| Deferred charges and accrued income | 490/1 | €2,202 | €1,688 | -€515 | -23.4% |
| Total equity and liabilities | 10/49 | €246,388 | €266,320 | +€19,931 | +8.1% |
| Equity | 10/15 | €188,712 | €161,996 | -€26,716 | -14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,112 | €143,396 | -€26,716 | -15.7% |
| 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 | €168,252 | €141,536 | -€26,716 | -15.9% |
| Amounts payable | 17/49 | €57,676 | €104,324 | +€46,648 | +80.9% |
| Amounts payable within one year | 42/48 | €57,572 | €104,324 | +€46,752 | +81.2% |
| Trade debts | 44 | €3,678 | €4,590 | +€912 | +24.8% |
| Suppliers | 440/4 | €3,678 | €4,590 | +€912 | +24.8% |
| Taxes, remuneration and social security | 45 | €30,235 | €21,888 | -€8,347 | -27.6% |
| Taxes | 450/3 | €24,066 | €21,888 | -€2,178 | -9.1% |
| Remuneration and social security | 454/9 | €6,169 | - | -€6,169 | |
| Other amounts payable | 47/48 | €23,659 | €77,847 | +€54,188 | +229.0% |
| Accrued charges and deferred income | 492/3 | €104 | - | -€104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,752 | €3,474 | -€279 | -7.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €81,728 | €67,244 | -€14,484 | -17.7% |
| Operating profit (loss) | 9901 | €77,588 | €63,371 | -€14,217 | -18.3% |
| Financial income | 75/76B | €1,088 | €898 | -€191 | -17.5% |
| Recurring financial income | 75 | €1,088 | €898 | -€191 | -17.5% |
| Financial charges | 65/66B | €90 | €151 | +€61 | +67.8% |
| Recurring financial charges | 65 | €90 | €151 | +€61 | +67.8% |
| Profit (loss) for the period before taxes | 9903 | €78,586 | €64,117 | -€14,469 | -18.4% |
| Income taxes | 67/77 | €23,831 | €19,145 | -€4,686 | -19.7% |
| Profit (loss) for the period | 9904 | €54,755 | €44,972 | -€9,783 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,755 | €44,972 | -€9,783 | -17.9% |
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 8 October 2026 via checked.be.