Thinklight: 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.
Thinklight
Largest movements
- Current investments +€154,567
up €154,567 (+237.8%), from €64,988 to €219,555
- Cash -€123,248
down €123,248 (-36.1%), from €341,199 to €217,952
mainly Current investments (-€154,567) and Contributions, distributions and other (-€85,000)
- Profit (loss) carried forward +€36,773
up €36,773 (+10.3%), from €357,693 to €394,466
- Other debts +€15,301
up €15,301 (+42.9%), from €35,647 to €50,947
- Trade debts -€8,016
down €8,016 (-69.3%), from €11,570 to €3,554
- Tax, wage and social debts -€6,567
down €6,567 (-17.4%), from €37,770 to €31,203
of which Taxes: -€10,422
- Gross operating margin +€46,082
up €46,082 (+34.7%), from €132,941 to €179,024
- Taxes +€12,802
up €12,802 (+56.6%), from €22,630 to €35,432
- Staff costs -€4,545
down €4,545 (-26.2%), from €17,352 to €12,807
- Financial charges +€4,103
up €4,103 (+2357.5%), from €174 to €4,277
- Financial income +€3,568
up €3,568 (+1321485.2%), from €0 to €3,568
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.
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 | €445,180 | €482,670 | +€37,490 | +8.4% |
| Fixed assets | 21/28 | €30,184 | €34,425 | +€4,241 | +14.0% |
| Tangible fixed assets | 22/27 | €30,184 | €34,425 | +€4,241 | +14.0% |
| Plant, machinery and equipment | 23 | - | €3,769 | +€3,769 | |
| Furniture and vehicles | 24 | €5,675 | €9,461 | +€3,786 | +66.7% |
| Other tangible fixed assets | 26 | €24,509 | €21,195 | -€3,315 | -13.5% |
| Current assets | 29/58 | €414,996 | €448,245 | +€33,250 | +8.0% |
| Amounts receivable within one year | 40/41 | €4,939 | €4,870 | -€68 | -1.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,939 | €4,870 | -€68 | -1.4% |
| Current investments | 50/53 | €64,988 | €219,555 | +€154,567 | +237.8% |
| Cash at bank and in hand | 54/58 | €341,199 | €217,952 | -€123,248 | -36.1% |
| Deferred charges and accrued income | 490/1 | €3,870 | €5,868 | +€1,999 | +51.6% |
| Total equity and liabilities | 10/49 | €445,180 | €482,670 | +€37,490 | +8.4% |
| Equity | 10/15 | €360,193 | €396,966 | +€36,773 | +10.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €357,693 | €394,466 | +€36,773 | +10.3% |
| Amounts payable | 17/49 | €84,987 | €85,704 | +€717 | +0.8% |
| Amounts payable within one year | 42/48 | €84,987 | €85,704 | +€717 | +0.8% |
| Trade debts | 44 | €11,570 | €3,554 | -€8,016 | -69.3% |
| Suppliers | 440/4 | €11,570 | €3,554 | -€8,016 | -69.3% |
| Taxes, remuneration and social security | 45 | €37,770 | €31,203 | -€6,567 | -17.4% |
| Taxes | 450/3 | €35,472 | €25,050 | -€10,422 | -29.4% |
| Remuneration and social security | 454/9 | €2,298 | €6,153 | +€3,855 | +167.8% |
| Other amounts payable | 47/48 | €35,647 | €50,947 | +€15,301 | +42.9% |
| Remuneration, social security and pensions | 62 | €17,352 | €12,807 | -€4,545 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,772 | €7,532 | -€240 | -3.1% |
| Other operating charges | 640/8 | €753 | €771 | +€17 | +2.3% |
| Gross operating margin | 9900 | €132,941 | €179,024 | +€46,082 | +34.7% |
| Operating profit (loss) | 9901 | €107,064 | €157,914 | +€50,850 | +47.5% |
| Financial income | 75/76B | €0 | €3,568 | +€3,568 | +1321485.2% |
| Recurring financial income | 75 | €0 | €3,568 | +€3,568 | +1321485.2% |
| Financial charges | 65/66B | €174 | €4,277 | +€4,103 | +2357.5% |
| Recurring financial charges | 65 | €174 | €4,277 | +€4,103 | +2357.5% |
| Profit (loss) for the period before taxes | 9903 | €106,890 | €157,205 | +€50,315 | +47.1% |
| Income taxes | 67/77 | €22,630 | €35,432 | +€12,802 | +56.6% |
| Profit (loss) for the period | 9904 | €84,260 | €121,773 | +€37,513 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €84,260 | €121,773 | +€37,513 | +44.5% |
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 1 October 2026 via checked.be.