ThinkHat: 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.
ThinkHat
Largest movements
- Cash -€12,596
down €12,596 (-18.7%), from €67,446 to €54,850
mainly Net result for the year (-€22,380) and Deferred charges and accrued income (-€589)
- Receivables within one year -€3,268
down €3,268 (-40.6%), from €8,046 to €4,777
of which Trade receivables: -€6,124
- Tangible fixed assets -€2,305
down €2,305 (-41.3%), from €5,579 to €3,274
of which Furniture and vehicles: -€1,836
- Profit (loss) carried forward -€22,380
new in 2025: -€22,380
- Tax, wage and social debts +€2,289
up €2,289 (+100%), from €2,283 to €4,571
- Other debts +€1,541
up €1,541 (+185%), from €835 to €2,376
- Trade debts +€1,455
up €1,455 (+487%), from €298 to €1,753
- Gross operating margin -€56,178
down €56,178, from €36,400 to -€19,778
- Write-downs -€25,500
down €25,500, from €0 to -€25,500
- Other operating charges +€24,964
up €24,964 (+2,793%), from €894 to €25,858
- Taxes -€7,902
down €7,902 (-98.3%), from €8,040 to €138
- Depreciation -€447
down €447 (-16.2%), from €2,751 to €2,305
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 | €81,919 | €64,824 | -€17,095 | -20.9% |
| Fixed assets | 21/28 | €5,579 | €3,759 | -€1,820 | -32.6% |
| Tangible fixed assets | 22/27 | €5,579 | €3,274 | -€2,305 | -41.3% |
| Plant, machinery and equipment | 23 | €462 | €105 | -€357 | -77.3% |
| Furniture and vehicles | 24 | €4,891 | €3,055 | -€1,836 | -37.5% |
| Other tangible fixed assets | 26 | €226 | €114 | -€111 | -49.3% |
| Financial fixed assets | 28 | - | €485 | +€485 | |
| Current assets | 29/58 | €76,340 | €61,065 | -€15,276 | -20.0% |
| Amounts receivable within one year | 40/41 | €8,046 | €4,777 | -€3,268 | -40.6% |
| Trade receivables | 40 | €8,046 | €1,922 | -€6,124 | -76.1% |
| Other amounts receivable | 41 | €0 | €2,855 | +€2,855 | |
| Cash at bank and in hand | 54/58 | €67,446 | €54,850 | -€12,596 | -18.7% |
| Deferred charges and accrued income | 490/1 | €849 | €1,438 | +€589 | +69.3% |
| Total equity and liabilities | 10/49 | €81,919 | €64,824 | -€17,095 | -20.9% |
| Equity | 10/15 | €78,503 | €56,124 | -€22,380 | -28.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €66,103 | €66,103 | = | 0.0% |
| Distributable reserves | 133 | €66,103 | €66,103 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,380 | -€22,380 | |
| Amounts payable | 17/49 | €3,416 | €8,700 | +€5,285 | +155% |
| Amounts payable within one year | 42/48 | €3,416 | €8,700 | +€5,285 | +155% |
| Trade debts | 44 | €298 | €1,753 | +€1,455 | +487% |
| Suppliers | 440/4 | €298 | €1,753 | +€1,455 | +487% |
| Taxes, remuneration and social security | 45 | €2,283 | €4,571 | +€2,289 | +100% |
| Taxes | 450/3 | €2,283 | €4,571 | +€2,289 | +100% |
| Other amounts payable | 47/48 | €835 | €2,376 | +€1,541 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,751 | €2,305 | -€447 | -16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€25,500 | -€25,500 | |
| Other operating charges | 640/8 | €894 | €25,858 | +€24,964 | +2,793% |
| Gross operating margin | 9900 | €36,400 | -€19,778 | -€56,178 | |
| Operating profit (loss) | 9901 | €32,754 | -€22,440 | -€55,195 | |
| Financial income | 75/76B | €186 | €362 | +€176 | +95.0% |
| Recurring financial income | 75 | €186 | €362 | +€176 | +95.0% |
| Financial charges | 65/66B | €260 | €164 | -€96 | -37.1% |
| Recurring financial charges | 65 | €260 | €164 | -€96 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €32,680 | -€22,242 | -€54,922 | |
| Income taxes | 67/77 | €8,040 | €138 | -€7,902 | -98.3% |
| Profit (loss) for the period | 9904 | €24,640 | -€22,380 | -€47,020 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,640 | -€22,380 | -€47,020 |
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 14 October 2026 via checked.be.