THINKNET: 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.
THINKNET
Largest movements
- Cash +€49,024
up €49,024 (+112.9%), from €43,430 to €92,455
mainly Net result for the year (+€52,865) and Depreciation (+€18,232)
- Current investments +€27,316
up €27,316 (+140.1%), from €19,502 to €46,818
- Tangible fixed assets -€5,749
down €5,749 (-2.9%), from €197,869 to €192,120
of which Furniture and vehicles: -€9,188
- Receivables within one year -€4,157
down €4,157 (-9.9%), from €42,047 to €37,890
of which Other amounts receivable: -€2,750
- Reserves +€52,865
up €52,865 (+19.1%), from €277,025 to €329,890
of which Distributable reserves: +€52,865
- Tax, wage and social debts +€13,183
up €13,183 (+75.1%), from €17,560 to €30,743
of which Taxes: +€15,959
- Gross operating margin +€13,840
up €13,840 (+16.9%), from €81,823 to €95,663
- Taxes +€3,046
up €3,046 (+16.6%), from €18,396 to €21,442
- Depreciation +€1,051
up €1,051 (+6.1%), from €17,181 to €18,232
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 | €309,242 | €375,860 | +€66,618 | +21.5% |
| Fixed assets | 21/28 | €199,728 | €193,979 | -€5,749 | -2.9% |
| Tangible fixed assets | 22/27 | €197,869 | €192,120 | -€5,749 | -2.9% |
| Land and buildings | 22 | €166,600 | €160,720 | -€5,880 | -3.5% |
| Plant, machinery and equipment | 23 | €1,792 | €3,958 | +€2,166 | +120.9% |
| Furniture and vehicles | 24 | €27,283 | €18,095 | -€9,188 | -33.7% |
| Other tangible fixed assets | 26 | €2,194 | €9,347 | +€7,153 | +326.0% |
| Financial fixed assets | 28 | €1,859 | €1,859 | = | 0.0% |
| Current assets | 29/58 | €109,514 | €181,881 | +€72,367 | +66.1% |
| Amounts receivable within one year | 40/41 | €42,047 | €37,890 | -€4,157 | -9.9% |
| Trade receivables | 40 | €33,880 | €32,473 | -€1,407 | -4.2% |
| Other amounts receivable | 41 | €8,167 | €5,417 | -€2,750 | -33.7% |
| Current investments | 50/53 | €19,502 | €46,818 | +€27,316 | +140.1% |
| Cash at bank and in hand | 54/58 | €43,430 | €92,455 | +€49,024 | +112.9% |
| Deferred charges and accrued income | 490/1 | €4,534 | €4,717 | +€183 | +4.0% |
| Total equity and liabilities | 10/49 | €309,242 | €375,860 | +€66,618 | +21.5% |
| Equity | 10/15 | €283,225 | €336,090 | +€52,865 | +18.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €277,025 | €329,890 | +€52,865 | +19.1% |
| Tax-exempt reserves | 132 | €32,097 | €32,097 | = | 0.0% |
| Distributable reserves | 133 | €244,928 | €297,793 | +€52,865 | +21.6% |
| Amounts payable | 17/49 | €26,017 | €39,770 | +€13,753 | +52.9% |
| Amounts payable within one year | 42/48 | €23,878 | €38,570 | +€14,692 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €1,822 | - | -€1,822 | |
| Trade debts | 44 | €4,495 | €7,827 | +€3,332 | +74.1% |
| Suppliers | 440/4 | €4,495 | €7,827 | +€3,332 | +74.1% |
| Taxes, remuneration and social security | 45 | €17,560 | €30,743 | +€13,183 | +75.1% |
| Taxes | 450/3 | €14,784 | €30,743 | +€15,959 | +107.9% |
| Remuneration and social security | 454/9 | €2,776 | - | -€2,776 | |
| Accrued charges and deferred income | 492/3 | €2,139 | €1,200 | -€939 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,181 | €18,232 | +€1,051 | +6.1% |
| Other operating charges | 640/8 | €1,810 | €2,501 | +€691 | +38.2% |
| Gross operating margin | 9900 | €81,823 | €95,663 | +€13,840 | +16.9% |
| Operating profit (loss) | 9901 | €62,832 | €74,930 | +€12,098 | +19.3% |
| Financial income | 75/76B | €37 | €210 | +€173 | +472.5% |
| Recurring financial income | 75 | €37 | €210 | +€173 | +472.5% |
| Financial charges | 65/66B | €1,359 | €834 | -€525 | -38.7% |
| Recurring financial charges | 65 | €1,359 | €834 | -€525 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €61,510 | €74,307 | +€12,797 | +20.8% |
| Income taxes | 67/77 | €18,396 | €21,442 | +€3,046 | +16.6% |
| Profit (loss) for the period | 9904 | €43,114 | €52,865 | +€9,751 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,114 | €52,865 | +€9,751 | +22.6% |
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 8 October 2026 via checked.be.