THINKSPARK: 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.
THINKSPARK
Largest movements
- Receivables within one year +€28,615
up €28,615 (+12.1%), from €237,332 to €265,947
of which Trade receivables: +€22,399
- Cash -€18,565
down €18,565 (-32.8%), from €56,596 to €38,031
mainly Contributions, distributions and other (-€51,000) and Receivables within one year (-€28,615)
- Reserves +€24,000
up €24,000 (+5.9%), from €403,860 to €427,860
- Debts after one year -€15,373
down €15,373 (-13.7%), from €112,486 to €97,113
- Tax, wage and social debts -€11,678
down €11,678 (-22.3%), from €52,422 to €40,744
- Trade debts +€7,337
up €7,337 (+33.2%), from €22,086 to €29,423
- Gross operating margin -€54,189
down €54,189 (-28.7%), from €188,978 to €134,789
- Taxes -€10,165
down €10,165 (-21.5%), from €47,183 to €37,018
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 | €707,097 | €716,256 | +€9,159 | +1.3% |
| Fixed assets | 21/28 | €407,313 | €405,576 | -€1,737 | -0.4% |
| Tangible fixed assets | 22/27 | €183,865 | €179,654 | -€4,211 | -2.3% |
| Land and buildings | 22 | €167,583 | €166,806 | -€777 | -0.5% |
| Furniture and vehicles | 24 | €9,346 | €9,242 | -€104 | -1.1% |
| Other tangible fixed assets | 26 | €6,936 | €3,606 | -€3,330 | -48.0% |
| Financial fixed assets | 28 | €223,448 | €225,922 | +€2,474 | +1.1% |
| Current assets | 29/58 | €299,784 | €310,680 | +€10,896 | +3.6% |
| Amounts receivable within one year | 40/41 | €237,332 | €265,947 | +€28,615 | +12.1% |
| Trade receivables | 40 | €123,804 | €146,203 | +€22,399 | +18.1% |
| Other amounts receivable | 41 | €113,528 | €119,744 | +€6,216 | +5.5% |
| Cash at bank and in hand | 54/58 | €56,596 | €38,031 | -€18,565 | -32.8% |
| Deferred charges and accrued income | 490/1 | €5,855 | €6,701 | +€846 | +14.4% |
| Total equity and liabilities | 10/49 | €707,097 | €716,256 | +€9,159 | +1.3% |
| Equity | 10/15 | €439,363 | €463,498 | +€24,135 | +5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €403,860 | €427,860 | +€24,000 | +5.9% |
| Distributable reserves | 133 | €403,860 | €427,860 | +€24,000 | +5.9% |
| Profit (loss) carried forward | 14 | €29,303 | €29,438 | +€135 | +0.5% |
| Amounts payable | 17/49 | €267,734 | €252,758 | -€14,976 | -5.6% |
| Amounts payable after more than one year | 17 | €112,486 | €97,113 | -€15,373 | -13.7% |
| Financial debts | 170/4 | €112,486 | €97,113 | -€15,373 | -13.7% |
| Amounts payable within one year | 42/48 | €153,339 | €154,158 | +€820 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €15,087 | €15,373 | +€286 | +1.9% |
| Financial debts | 43 | €14,744 | €17,618 | +€2,874 | +19.5% |
| Credit institutions | 430/8 | €14,744 | €17,618 | +€2,874 | +19.5% |
| Trade debts | 44 | €22,086 | €29,423 | +€7,337 | +33.2% |
| Suppliers | 440/4 | €22,086 | €29,423 | +€7,337 | +33.2% |
| Taxes, remuneration and social security | 45 | €52,422 | €40,744 | -€11,678 | -22.3% |
| Taxes | 450/3 | €52,422 | €40,744 | -€11,678 | -22.3% |
| Other amounts payable | 47/48 | €49,000 | €51,000 | +€2,000 | +4.1% |
| Accrued charges and deferred income | 492/3 | €1,909 | €1,487 | -€422 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,104 | €22,277 | +€173 | +0.8% |
| Other operating charges | 640/8 | €2,445 | €2,773 | +€328 | +13.4% |
| Gross operating margin | 9900 | €188,978 | €134,789 | -€54,189 | -28.7% |
| Operating profit (loss) | 9901 | €164,429 | €109,739 | -€54,691 | -33.3% |
| Financial income | 75/76B | €5,855 | €6,660 | +€804 | +13.7% |
| Recurring financial income | 75 | €5,855 | €6,660 | +€804 | +13.7% |
| Financial charges | 65/66B | €3,719 | €4,246 | +€526 | +14.2% |
| Recurring financial charges | 65 | €3,719 | €4,246 | +€526 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €166,565 | €112,153 | -€54,413 | -32.7% |
| Income taxes | 67/77 | €47,183 | €37,018 | -€10,165 | -21.5% |
| Profit (loss) for the period | 9904 | €119,382 | €75,135 | -€44,247 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €119,382 | €75,135 | -€44,247 | -37.1% |
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.