THINKEDGE: what changed
Two financial 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.
THINKEDGE
Largest movements
- Cash +€85,387
up €85,387 (+122%), from €70,097 to €155,484
mainly Net result for the year (+€88,981) and Depreciation (+€25,576)
- Tangible fixed assets -€20,651
down €20,651 (-54.5%), from €37,919 to €17,267
of which Furniture and vehicles: -€14,035
- Stocks and contracts -€10,000
no longer reported in 2025 (was €10,000)
- Receivables within one year +€5,175
up €5,175 (+2.5%), from €204,375 to €209,550
of which Trade receivables: +€9,175
- Profit (loss) carried forward +€38,981
up €38,981 (+61.3%), from €63,559 to €102,539
- Other debts +€24,475
up €24,475 (+42.3%), from €57,923 to €82,398
- Trade debts -€12,077
down €12,077 (-26.9%), from €44,817 to €32,740
- Tax, wage and social debts +€8,874
up €8,874 (+9.5%), from €93,476 to €102,350
of which Taxes: +€6,311
- Staff costs -€97,986
down €97,986 (-27.5%), from €355,872 to €257,885
- Gross operating margin -€11,525
down €11,525 (-2.9%), from €402,890 to €391,365
- Taxes +€9,632
up €9,632 (+138%), from €6,984 to €16,616
- Depreciation -€7,750
down €7,750 (-23.3%), from €33,326 to €25,576
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.
Derived cash bridge
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 | €336,721 | €394,707 | +€57,986 | +17.2% |
| Fixed assets | 21/28 | €44,919 | €24,267 | -€20,651 | -46.0% |
| Tangible fixed assets | 22/27 | €37,919 | €17,267 | -€20,651 | -54.5% |
| Plant, machinery and equipment | 23 | €8,170 | €3,180 | -€4,990 | -61.1% |
| Furniture and vehicles | 24 | €19,468 | €5,434 | -€14,035 | -72.1% |
| Other tangible fixed assets | 26 | €10,280 | €8,654 | -€1,626 | -15.8% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €291,802 | €370,439 | +€78,637 | +26.9% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €204,375 | €209,550 | +€5,175 | +2.5% |
| Trade receivables | 40 | €200,375 | €209,550 | +€9,175 | +4.6% |
| Other amounts receivable | 41 | €4,000 | - | -€4,000 | |
| Cash at bank and in hand | 54/58 | €70,097 | €155,484 | +€85,387 | +122% |
| Deferred charges and accrued income | 490/1 | €7,331 | €5,405 | -€1,925 | -26.3% |
| Total equity and liabilities | 10/49 | €336,721 | €394,707 | +€57,986 | +17.2% |
| Equity | 10/15 | €135,159 | €174,139 | +€38,981 | +28.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,000 | €53,000 | = | 0.0% |
| Distributable reserves | 133 | €53,000 | €53,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,559 | €102,539 | +€38,981 | +61.3% |
| Amounts payable | 17/49 | €201,562 | €220,568 | +€19,005 | +9.4% |
| Amounts payable within one year | 42/48 | €196,216 | €217,488 | +€21,272 | +10.8% |
| Trade debts | 44 | €44,817 | €32,740 | -€12,077 | -26.9% |
| Suppliers | 440/4 | €44,817 | €32,740 | -€12,077 | -26.9% |
| Taxes, remuneration and social security | 45 | €93,476 | €102,350 | +€8,874 | +9.5% |
| Taxes | 450/3 | €33,680 | €39,991 | +€6,311 | +18.7% |
| Remuneration and social security | 454/9 | €59,796 | €62,359 | +€2,563 | +4.3% |
| Other amounts payable | 47/48 | €57,923 | €82,398 | +€24,475 | +42.3% |
| Accrued charges and deferred income | 492/3 | €5,346 | €3,079 | -€2,266 | -42.4% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €355,872 | €257,885 | -€97,986 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,326 | €25,576 | -€7,750 | -23.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €846 | +€846 | |
| Other operating charges | 640/8 | €3,581 | €792 | -€2,789 | -77.9% |
| Gross operating margin | 9900 | €402,890 | €391,365 | -€11,525 | -2.9% |
| Operating profit (loss) | 9901 | €10,111 | €106,266 | +€96,154 | +951% |
| Financial income | 75/76B | €2,088 | €3,291 | +€1,203 | +57.6% |
| Recurring financial income | 75 | €2,088 | €3,291 | +€1,203 | +57.6% |
| Financial charges | 65/66B | €4,216 | €3,960 | -€256 | -6.1% |
| Recurring financial charges | 65 | €4,216 | €3,960 | -€256 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €7,983 | €105,596 | +€97,613 | +1,223% |
| Income taxes | 67/77 | €6,984 | €16,616 | +€9,632 | +138% |
| Profit (loss) for the period | 9904 | €1,000 | €88,981 | +€87,981 | +8,802% |
| Profit (loss) for the period to be appropriated | 9905 | €1,000 | €88,981 | +€87,981 | +8,802% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.