THINKING IN A PLACE: what changed
THINKING IN A PLACE
Largest movements
- Tangible fixed assets +€75,832
up €75,832 (+1,171%), from €6,476 to €82,308
of which Furniture and vehicles: +€79,359
- Cash -€66,726
down €66,726 (-86.1%), from €77,459 to €10,733
mainly Investment in fixed assets (net) (-€85,436) and Contributions, distributions and other (-€59,041)
- Deferred charges and accrued income +€6,431
up €6,431 (+809%), from €795 to €7,226
- Receivables within one year +€1,902
up €1,902 (+11.7%), from €16,258 to €18,160
of which Trade receivables: +€2,049
- Debts after one year +€32,236
up €32,236 (+607%), from €5,311 to €37,547
- Other debts -€18,268
down €18,268 (-26.7%), from €68,453 to €50,185
- Current portion of long-term debt +€10,217
up €10,217 (+346%), from €2,953 to €13,170
- Tax, wage and social debts -€6,612
down €6,612 (-31.3%), from €21,137 to €14,525
of which Taxes: -€3,451
- Gross operating margin +€26,422
up €26,422 (+44.6%), from €59,200 to €85,622
- Taxes +€5,055
up €5,055 (+48.9%), from €10,341 to €15,396
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,987 | €118,427 | +€17,440 | +17.3% |
| Fixed assets | 21/28 | €6,476 | €82,308 | +€75,832 | +1,171% |
| Tangible fixed assets | 22/27 | €6,476 | €82,308 | +€75,832 | +1,171% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,949 | €82,308 | +€79,359 | +2,691% |
| Leasing and similar rights | 25 | €3,527 | €0 | -€3,527 | -100% |
| Current assets | 29/58 | €94,512 | €36,119 | -€58,393 | -61.8% |
| Amounts receivable within one year | 40/41 | €16,258 | €18,160 | +€1,902 | +11.7% |
| Trade receivables | 40 | €14,599 | €16,648 | +€2,049 | +14.0% |
| Other amounts receivable | 41 | €1,659 | €1,512 | -€147 | -8.9% |
| Cash at bank and in hand | 54/58 | €77,459 | €10,733 | -€66,726 | -86.1% |
| Deferred charges and accrued income | 490/1 | €795 | €7,226 | +€6,431 | +809% |
| Total equity and liabilities | 10/49 | €100,987 | €118,427 | +€17,440 | +17.3% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €97,987 | €115,427 | +€17,440 | +17.8% |
| Amounts payable after more than one year | 17 | €5,311 | €37,547 | +€32,236 | +607% |
| Financial debts | 170/4 | €5,311 | €37,547 | +€32,236 | +607% |
| Amounts payable within one year | 42/48 | €92,677 | €77,880 | -€14,797 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €2,953 | €13,170 | +€10,217 | +346% |
| Trade debts | 44 | €134 | €0 | -€134 | -100% |
| Suppliers | 440/4 | €134 | €0 | -€134 | -100% |
| Taxes, remuneration and social security | 45 | €21,137 | €14,525 | -€6,612 | -31.3% |
| Taxes | 450/3 | €9,119 | €5,668 | -€3,451 | -37.8% |
| Remuneration and social security | 454/9 | €12,018 | €8,856 | -€3,161 | -26.3% |
| Other amounts payable | 47/48 | €68,453 | €50,185 | -€18,268 | -26.7% |
| Non-recurring operating income | 76A | - | €16,589 | +€16,589 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,230 | €9,604 | +€373 | +4.0% |
| Other operating charges | 640/8 | €1,360 | €896 | -€465 | -34.2% |
| Gross operating margin | 9900 | €59,200 | €85,622 | +€26,422 | +44.6% |
| Operating profit (loss) | 9901 | €48,609 | €75,123 | +€26,513 | +54.5% |
| Financial income | 75/76B | €1 | €2 | +€2 | +250% |
| Recurring financial income | 75 | €1 | €2 | +€2 | +250% |
| Financial charges | 65/66B | €120 | €687 | +€568 | +474% |
| Recurring financial charges | 65 | €120 | €687 | +€568 | +474% |
| Profit (loss) for the period before taxes | 9903 | €48,490 | €74,437 | +€25,947 | +53.5% |
| Income taxes | 67/77 | €10,341 | €15,396 | +€5,055 | +48.9% |
| Profit (loss) for the period | 9904 | €38,149 | €59,041 | +€20,892 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,149 | €59,041 | +€20,892 | +54.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.