ThinkITsmart: what changed
Two fiscal 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.
ThinkITsmart
Largest movements
- Intangible fixed assets +€195,877
up €195,877 (+29.0%), from €674,773 to €870,650
- Receivables within one year -€166,033
down €166,033 (-32.3%), from €514,400 to €348,366
of which Trade receivables: -€183,283
- Deferred charges and accrued income +€20,756
up €20,756 (+18.5%), from €112,184 to €132,940
- Other debts -€128,629
down €128,629 (-59.6%), from €215,845 to €87,216
- Accrued charges and deferred income +€55,465
up €55,465 (+18.0%), from €308,950 to €364,415
- Trade debts +€49,704
up €49,704 (+132.1%), from €37,622 to €87,326
- Profit (loss) carried forward +€43,567
up €43,567 (+6.3%), from -€690,627 to -€647,059
- Short-term financial debts +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Gross operating margin +€568,517
up €568,517 (+146.3%), from €388,598 to €957,116
- Staff costs +€317,292
up €317,292 (+101.5%), from €312,641 to €629,933
- Financial income -€188,308
down €188,308 (-99.0%), from €190,194 to €1,886
- Depreciation -€47,507
down €47,507 (-14.6%), from €324,296 to €276,789
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.
Cash bridge derived
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 | €1,387,640 | €1,429,059 | +€41,420 | +3.0% |
| Fixed assets | 21/28 | €691,874 | €881,866 | +€189,992 | +27.5% |
| Intangible fixed assets | 21 | €674,773 | €870,650 | +€195,877 | +29.0% |
| Tangible fixed assets | 22/27 | €10,800 | €8,725 | -€2,075 | -19.2% |
| Plant, machinery and equipment | 23 | €2,177 | €1,651 | -€526 | -24.2% |
| Furniture and vehicles | 24 | €8,623 | €4,524 | -€4,099 | -47.5% |
| Other tangible fixed assets | 26 | - | €2,550 | +€2,550 | |
| Financial fixed assets | 28 | €6,301 | €2,491 | -€3,810 | -60.5% |
| Current assets | 29/58 | €695,765 | €547,193 | -€148,572 | -21.4% |
| Amounts receivable within one year | 40/41 | €514,400 | €348,366 | -€166,033 | -32.3% |
| Trade receivables | 40 | €436,124 | €252,841 | -€183,283 | -42.0% |
| Other amounts receivable | 41 | €78,276 | €95,525 | +€17,249 | +22.0% |
| Cash at bank and in hand | 54/58 | €69,182 | €65,887 | -€3,296 | -4.8% |
| Deferred charges and accrued income | 490/1 | €112,184 | €132,940 | +€20,756 | +18.5% |
| Total equity and liabilities | 10/49 | €1,387,640 | €1,429,059 | +€41,420 | +3.0% |
| Equity | 10/15 | €408,046 | €444,189 | +€36,143 | +8.9% |
| Contributions | 10/11 | €917,185 | €917,185 | = | 0.0% |
| Capital | 10 | €917,185 | €917,185 | = | 0.0% |
| Issued capital | 100 | €917,185 | €917,185 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€690,627 | -€647,059 | +€43,567 | +6.3% |
| Investment grants | 15 | €181,488 | €174,064 | -€7,424 | -4.1% |
| Amounts payable | 17/49 | €979,594 | €984,870 | +€5,276 | +0.5% |
| Amounts payable after more than one year | 17 | €195,618 | €194,695 | -€924 | -0.5% |
| Financial debts | 170/4 | €143,366 | €86,443 | -€56,924 | -39.7% |
| Other amounts payable | 178/9 | €52,252 | €108,252 | +€56,000 | +107.2% |
| Amounts payable within one year | 42/48 | €475,026 | €425,760 | -€49,265 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €65,674 | €72,600 | +€6,927 | +10.5% |
| Financial debts | 43 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Credit institutions | 430/8 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Trade debts | 44 | €37,622 | €87,326 | +€49,704 | +132.1% |
| Suppliers | 440/4 | €37,622 | €87,326 | +€49,704 | +132.1% |
| Taxes, remuneration and social security | 45 | €105,885 | €103,618 | -€2,267 | -2.1% |
| Taxes | 450/3 | €71,024 | €31,915 | -€39,109 | -55.1% |
| Remuneration and social security | 454/9 | €34,861 | €71,703 | +€36,842 | +105.7% |
| Other amounts payable | 47/48 | €215,845 | €87,216 | -€128,629 | -59.6% |
| Accrued charges and deferred income | 492/3 | €308,950 | €364,415 | +€55,465 | +18.0% |
| Remuneration, social security and pensions | 62 | €312,641 | €629,933 | +€317,292 | +101.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €324,296 | €276,789 | -€47,507 | -14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,200 | +€4,200 | |
| Other operating charges | 640/8 | €3,809 | €843 | -€2,966 | -77.9% |
| Gross operating margin | 9900 | €388,598 | €957,116 | +€568,517 | +146.3% |
| Operating profit (loss) | 9901 | -€252,147 | €45,351 | +€297,498 | |
| Financial income | 75/76B | €190,194 | €1,886 | -€188,308 | -99.0% |
| Recurring financial income | 75 | €190,194 | €1,886 | -€188,308 | -99.0% |
| Financial charges | 65/66B | €13,030 | €17,573 | +€4,543 | +34.9% |
| Recurring financial charges | 65 | €13,030 | €17,573 | +€4,543 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | -€74,983 | €29,664 | +€104,647 | |
| Income taxes | 67/77 | -€21,329 | -€13,903 | +€7,425 | +34.8% |
| Profit (loss) for the period | 9904 | -€53,654 | €43,567 | +€97,222 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,654 | €43,567 | +€97,222 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.