ThinkEOS: 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.
ThinkEOS
Largest movements
- Current investments +€219,347
new in 2025: €219,347
- Cash -€90,757
down €90,757 (-41.8%), from €217,271 to €126,514
mainly Current investments (-€219,347) and Accrued charges and deferred income (-€5,454)
- Receivables within one year -€43,027
down €43,027 (-61.3%), from €70,224 to €27,198
of which Other amounts receivable: -€40,500
- Intangible fixed assets -€6,610
down €6,610 (-100%), from €6,610 to €0
- Reserves +€58,324
up €58,324 (+28.8%), from €202,705 to €261,030
of which Distributable reserves: +€58,324
- Other debts +€29,479
up €29,479 (+38.2%), from €77,190 to €106,670
- Accrued charges and deferred income -€5,454
down €5,454 (-42.6%), from €12,800 to €7,346
- Other operating charges +€14,535
up €14,535 (+2,188%), from €664 to €15,200
- Gross operating margin +€12,552
up €12,552 (+13.1%), from €95,843 to €108,395
- Financial charges +€7,635
up €7,635 (+308%), from €2,476 to €10,111
- Depreciation -€2,935
down €2,935 (-18.4%), from €15,930 to €12,994
- Financial income +€2,519
up €2,519 (+179%), from €1,404 to €3,922
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 | €304,945 | €382,986 | +€78,041 | +25.6% |
| Fixed assets | 21/28 | €16,140 | €6,557 | -€9,583 | -59.4% |
| Intangible fixed assets | 21 | €6,610 | €0 | -€6,610 | -100% |
| Tangible fixed assets | 22/27 | €9,530 | €6,557 | -€2,973 | -31.2% |
| Plant, machinery and equipment | 23 | €1,447 | €4,097 | +€2,650 | +183% |
| Furniture and vehicles | 24 | €8,083 | €2,460 | -€5,624 | -69.6% |
| Current assets | 29/58 | €288,805 | €376,429 | +€87,624 | +30.3% |
| Amounts receivable within one year | 40/41 | €70,224 | €27,198 | -€43,027 | -61.3% |
| Trade receivables | 40 | €22,432 | €19,905 | -€2,527 | -11.3% |
| Other amounts receivable | 41 | €47,793 | €7,293 | -€40,500 | -84.7% |
| Current investments | 50/53 | - | €219,347 | +€219,347 | |
| Cash at bank and in hand | 54/58 | €217,271 | €126,514 | -€90,757 | -41.8% |
| Deferred charges and accrued income | 490/1 | €1,309 | €3,371 | +€2,061 | +157% |
| Total equity and liabilities | 10/49 | €304,945 | €382,986 | +€78,041 | +25.6% |
| Equity | 10/15 | €202,705 | €261,030 | +€58,324 | +28.8% |
| Reserves | 13 | €202,705 | €261,030 | +€58,324 | +28.8% |
| 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 | €200,845 | €259,170 | +€58,324 | +29.0% |
| Amounts payable | 17/49 | €102,240 | €121,956 | +€19,716 | +19.3% |
| Amounts payable within one year | 42/48 | €89,440 | €114,610 | +€25,170 | +28.1% |
| Trade debts | 44 | €3,958 | €583 | -€3,375 | -85.3% |
| Suppliers | 440/4 | €3,958 | €583 | -€3,375 | -85.3% |
| Taxes, remuneration and social security | 45 | €8,292 | €7,358 | -€934 | -11.3% |
| Taxes | 450/3 | €280 | €1,349 | +€1,069 | +382% |
| Remuneration and social security | 454/9 | €8,012 | €6,009 | -€2,003 | -25.0% |
| Other amounts payable | 47/48 | €77,190 | €106,670 | +€29,479 | +38.2% |
| Accrued charges and deferred income | 492/3 | €12,800 | €7,346 | -€5,454 | -42.6% |
| Non-recurring operating income | 76A | €2,896 | - | -€2,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,930 | €12,994 | -€2,935 | -18.4% |
| Other operating charges | 640/8 | €664 | €15,200 | +€14,535 | +2,188% |
| Gross operating margin | 9900 | €95,843 | €108,395 | +€12,552 | +13.1% |
| Operating profit (loss) | 9901 | €79,249 | €80,201 | +€952 | +1.2% |
| Financial income | 75/76B | €1,404 | €3,922 | +€2,519 | +179% |
| Recurring financial income | 75 | €1,404 | €3,922 | +€2,519 | +179% |
| Financial charges | 65/66B | €2,476 | €10,111 | +€7,635 | +308% |
| Recurring financial charges | 65 | €2,476 | €10,111 | +€7,635 | +308% |
| Profit (loss) for the period before taxes | 9903 | €78,177 | €74,011 | -€4,165 | -5.3% |
| Income taxes | 67/77 | €16,177 | €15,687 | -€490 | -3.0% |
| Profit (loss) for the period | 9904 | €62,000 | €58,324 | -€3,675 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,000 | €58,324 | -€3,675 | -5.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.