Thinkers Publishing: 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.
Thinkers Publishing
Largest movements
- Cash +€139,638
up €139,638 (+933%), from €14,969 to €154,608
mainly Accrued charges and deferred income (+€139,075) and Net result for the year (+€44,366)
- Receivables within one year +€51,835
up €51,835 (+65.9%), from €78,700 to €130,534
of which Trade receivables: +€50,145
- Stocks and contracts +€31,926
up €31,926 (+10.6%), from €301,159 to €333,085
- Accrued charges and deferred income +€139,075
up €139,075 (+3,468%), from €4,011 to €143,086
- Profit (loss) carried forward +€43,260
up €43,260, from -€43,260 to €0
- Debts after one year +€29,006
up €29,006 (+87.4%), from €33,199 to €62,205
of which Financial debts: +€40,000
- Trade debts +€27,608
up €27,608 (+37.2%), from €74,143 to €101,751
- Current portion of long-term debt -€20,436
down €20,436 (-9.6%), from €212,794 to €192,358
- Gross operating margin +€34,744
up €34,744 (+276%), from €12,594 to €47,338
- Financial charges -€2,247
down €2,247 (-32.0%), from €7,029 to €4,782
- Other operating charges +€1,568
up €1,568, from €0 to €1,568
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 | €415,626 | €643,279 | +€227,653 | +54.8% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €415,626 | €643,279 | +€227,653 | +54.8% |
| Stocks and contracts in progress | 3 | €301,159 | €333,085 | +€31,926 | +10.6% |
| Stocks | 30/36 | €301,159 | €333,085 | +€31,926 | +10.6% |
| Amounts receivable within one year | 40/41 | €78,700 | €130,534 | +€51,835 | +65.9% |
| Trade receivables | 40 | €73,646 | €123,791 | +€50,145 | +68.1% |
| Other amounts receivable | 41 | €5,054 | €6,743 | +€1,690 | +33.4% |
| Cash at bank and in hand | 54/58 | €14,969 | €154,608 | +€139,638 | +933% |
| Deferred charges and accrued income | 490/1 | €20,799 | €25,052 | +€4,254 | +20.5% |
| Total equity and liabilities | 10/49 | €415,626 | €643,279 | +€227,653 | +54.8% |
| Equity | 10/15 | -€24,660 | €19,706 | +€44,366 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €1,106 | +€1,106 | |
| Distributable reserves | 133 | - | €1,106 | +€1,106 | |
| Profit (loss) carried forward | 14 | -€43,260 | €0 | +€43,260 | |
| Amounts payable | 17/49 | €440,286 | €623,573 | +€183,287 | +41.6% |
| Amounts payable after more than one year | 17 | €33,199 | €62,205 | +€29,006 | +87.4% |
| Financial debts | 170/4 | €0 | €40,000 | +€40,000 | |
| Trade debts | 175 | €33,199 | €22,205 | -€10,994 | -33.1% |
| Amounts payable within one year | 42/48 | €403,077 | €418,282 | +€15,206 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €212,794 | €192,358 | -€20,436 | -9.6% |
| Financial debts | 43 | €35,363 | €45,659 | +€10,296 | +29.1% |
| Credit institutions | 430/8 | €35,363 | €45,659 | +€10,296 | +29.1% |
| Trade debts | 44 | €74,143 | €101,751 | +€27,608 | +37.2% |
| Suppliers | 440/4 | €74,143 | €101,751 | +€27,608 | +37.2% |
| Taxes, remuneration and social security | 45 | €1,475 | €2,292 | +€817 | +55.4% |
| Taxes | 450/3 | €1,475 | €2,292 | +€817 | +55.4% |
| Other amounts payable | 47/48 | €79,301 | €76,222 | -€3,079 | -3.9% |
| Accrued charges and deferred income | 492/3 | €4,011 | €143,086 | +€139,075 | +3,468% |
| Non-recurring operating income | 76A | €12,481 | €0 | -€12,481 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381 | €0 | -€381 | -100% |
| Other operating charges | 640/8 | €0 | €1,568 | +€1,568 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €12,594 | €47,338 | +€34,744 | +276% |
| Operating profit (loss) | 9901 | €12,214 | €45,770 | +€33,556 | +275% |
| Financial income | 75/76B | €3,090 | €3,378 | +€288 | +9.3% |
| Recurring financial income | 75 | €3,090 | €3,378 | +€288 | +9.3% |
| Financial charges | 65/66B | €7,029 | €4,782 | -€2,247 | -32.0% |
| Recurring financial charges | 65 | €7,029 | €4,782 | -€2,247 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €8,275 | €44,366 | +€36,091 | +436% |
| Income taxes | 67/77 | €122 | €0 | -€122 | -100% |
| Profit (loss) for the period | 9904 | €8,153 | €44,366 | +€36,213 | +444% |
| Profit (loss) for the period to be appropriated | 9905 | €8,153 | €44,366 | +€36,213 | +444% |
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 16 October 2026 via checked.be.