Thinknow: 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.
Thinknow
Largest movements
- Current investments +€22,780
up €22,780 (+27.2%), from €83,660 to €106,440
- Cash +€20,424
up €20,424 (+35.6%), from €57,364 to €77,789
mainly Net result for the year (+€50,714) and Other debts (+€34,367)
- Tangible fixed assets +€9,152
up €9,152 (+69.2%), from €13,225 to €22,377
of which Other tangible fixed assets: +€10,945
- Other debts +€34,367
up €34,367 (+251.3%), from €13,677 to €48,044
- Trade debts +€13,954
up €13,954 (+3974.9%), from €351 to €14,305
- Current portion of long-term debt +€8,548
new in 2025: €8,548
- Tax, wage and social debts -€7,262
down €7,262 (-33.2%), from €21,863 to €14,601
of which Taxes: -€7,262
- Reserves +€2,750
up €2,750 (+2.3%), from €118,509 to €121,259
- Gross operating margin +€20,945
up €20,945 (+34.6%), from €60,611 to €81,555
- Taxes +€9,917
up €9,917 (+66.9%), from €14,818 to €24,735
- Financial income +€2,058
up €2,058 (+261.9%), from €786 to €2,843
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 | €154,900 | €207,256 | +€52,357 | +33.8% |
| Fixed assets | 21/28 | €13,225 | €22,377 | +€9,152 | +69.2% |
| Tangible fixed assets | 22/27 | €13,225 | €22,377 | +€9,152 | +69.2% |
| Land and buildings | 22 | - | €2,599 | +€2,599 | |
| Furniture and vehicles | 24 | €11,767 | €7,376 | -€4,391 | -37.3% |
| Other tangible fixed assets | 26 | €1,458 | €12,403 | +€10,945 | +750.5% |
| Current assets | 29/58 | €141,674 | €184,879 | +€43,205 | +30.5% |
| Current investments | 50/53 | €83,660 | €106,440 | +€22,780 | +27.2% |
| Cash at bank and in hand | 54/58 | €57,364 | €77,789 | +€20,424 | +35.6% |
| Deferred charges and accrued income | 490/1 | €650 | €650 | = | 0.0% |
| Total equity and liabilities | 10/49 | €154,900 | €207,256 | +€52,357 | +33.8% |
| Equity | 10/15 | €119,009 | €121,759 | +€2,750 | +2.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €118,509 | €121,259 | +€2,750 | +2.3% |
| Distributable reserves | 133 | €118,509 | €121,259 | +€2,750 | +2.3% |
| Amounts payable | 17/49 | €35,890 | €85,498 | +€49,607 | +138.2% |
| Amounts payable within one year | 42/48 | €35,890 | €85,498 | +€49,607 | +138.2% |
| Current portion of amounts payable after more than one year | 42 | - | €8,548 | +€8,548 | |
| Trade debts | 44 | €351 | €14,305 | +€13,954 | +3974.9% |
| Suppliers | 440/4 | €351 | €14,305 | +€13,954 | +3974.9% |
| Taxes, remuneration and social security | 45 | €21,863 | €14,601 | -€7,262 | -33.2% |
| Taxes | 450/3 | €20,063 | €12,801 | -€7,262 | -36.2% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €13,677 | €48,044 | +€34,367 | +251.3% |
| Remuneration, social security and pensions | 62 | €2,278 | €2,046 | -€232 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,130 | €4,581 | -€549 | -10.7% |
| Other operating charges | 640/8 | €2,277 | €1,750 | -€527 | -23.2% |
| Gross operating margin | 9900 | €60,611 | €81,555 | +€20,945 | +34.6% |
| Operating profit (loss) | 9901 | €50,925 | €73,178 | +€22,253 | +43.7% |
| Financial income | 75/76B | €786 | €2,843 | +€2,058 | +261.9% |
| Recurring financial income | 75 | €786 | €2,843 | +€2,058 | +261.9% |
| Financial charges | 65/66B | €106 | €572 | +€465 | +437.3% |
| Recurring financial charges | 65 | €106 | €572 | +€465 | +437.3% |
| Profit (loss) for the period before taxes | 9903 | €51,605 | €75,450 | +€23,845 | +46.2% |
| Income taxes | 67/77 | €14,818 | €24,735 | +€9,917 | +66.9% |
| Profit (loss) for the period | 9904 | €36,787 | €50,714 | +€13,928 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,787 | €50,714 | +€13,928 | +37.9% |
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 9 October 2026 via checked.be.