Thinkrush: 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.
Thinkrush
Largest movements
- Cash +€78,874
up €78,874 (+52.7%), from €149,694 to €228,568
mainly Net result for the year (+€75,976) and Depreciation (+€11,680)
- Tangible fixed assets -€7,783
down €7,783 (-53.6%), from €14,522 to €6,738
- Receivables within one year +€2,747
up €2,747 (+13.5%), from €20,423 to €23,170
- Reserves +€75,976
up €75,976 (+61.1%), from €124,429 to €200,404
- Gross operating margin +€14,022
up €14,022 (+14.6%), from €96,342 to €110,364
- Taxes +€3,110
up €3,110 (+16.5%), from €18,879 to €21,989
- Depreciation +€1,398
up €1,398 (+13.6%), from €10,282 to €11,680
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.
Derived cash bridge
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 | €184,766 | €258,682 | +€73,917 | +40.0% |
| Fixed assets | 21/28 | €14,522 | €6,738 | -€7,783 | -53.6% |
| Tangible fixed assets | 22/27 | €14,522 | €6,738 | -€7,783 | -53.6% |
| Furniture and vehicles | 24 | €14,522 | €6,738 | -€7,783 | -53.6% |
| Current assets | 29/58 | €170,244 | €251,944 | +€81,700 | +48.0% |
| Amounts receivable within one year | 40/41 | €20,423 | €23,170 | +€2,747 | +13.5% |
| Trade receivables | 40 | €20,423 | €23,170 | +€2,747 | +13.5% |
| Cash at bank and in hand | 54/58 | €149,694 | €228,568 | +€78,874 | +52.7% |
| Deferred charges and accrued income | 490/1 | €127 | €206 | +€79 | +62.3% |
| Total equity and liabilities | 10/49 | €184,766 | €258,682 | +€73,917 | +40.0% |
| Equity | 10/15 | €129,429 | €205,404 | +€75,976 | +58.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €124,429 | €200,404 | +€75,976 | +61.1% |
| Distributable reserves | 133 | €124,429 | €200,404 | +€75,976 | +61.1% |
| Amounts payable | 17/49 | €55,337 | €53,278 | -€2,059 | -3.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €55,337 | €53,278 | -€2,059 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €1,311 | €0 | -€1,311 | -100% |
| Trade debts | 44 | €1,759 | €1,681 | -€78 | -4.4% |
| Suppliers | 440/4 | €1,759 | €1,681 | -€78 | -4.4% |
| Taxes, remuneration and social security | 45 | €52,095 | €50,737 | -€1,358 | -2.6% |
| Taxes | 450/3 | €52,095 | €50,737 | -€1,358 | -2.6% |
| Other amounts payable | 47/48 | €172 | €860 | +€688 | +399% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,282 | €11,680 | +€1,398 | +13.6% |
| Other operating charges | 640/8 | €669 | €646 | -€23 | -3.4% |
| Gross operating margin | 9900 | €96,342 | €110,364 | +€14,022 | +14.6% |
| Operating profit (loss) | 9901 | €85,392 | €98,038 | +€12,646 | +14.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €425 | €73 | -€352 | -82.8% |
| Recurring financial charges | 65 | €425 | €73 | -€352 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €84,966 | €97,965 | +€12,998 | +15.3% |
| Income taxes | 67/77 | €18,879 | €21,989 | +€3,110 | +16.5% |
| Profit (loss) for the period | 9904 | €66,087 | €75,976 | +€9,889 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,087 | €75,976 | +€9,889 | +15.0% |
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 28 October 2026 via checked.be.