THINKSTUDIO: 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.
THINKSTUDIO
Largest movements
- Cash -€71,393
down €71,393 (-31.5%), from €226,443 to €155,050
mainly Receivables within one year (-€30,531) and Net result for the year (-€25,882)
- Receivables within one year +€30,531
up €30,531 (+37.1%), from €82,222 to €112,753
of which Trade receivables: +€30,536
- Tangible fixed assets -€15,476
down €15,476 (-31.7%), from €48,818 to €33,341
of which Other tangible fixed assets: -€9,859
- Profit (loss) carried forward -€25,882
down €25,882 (-54.5%), from -€47,454 to -€73,336
- Debts after one year -€22,328
down €22,328 (-100.0%), from €22,328 to €0
- Current portion of long-term debt -€15,630
down €15,630 (-41.2%), from €37,958 to €22,328
- Gross operating margin +€16,988
up €16,988 (+81.6%), from -€20,822 to -€3,834
- Financial charges -€3,090
down €3,090 (-75.1%), from €4,117 to €1,027
- Depreciation -€786
down €786 (-3.7%), from €21,032 to €20,246
- Other operating charges -€470
down €470 (-45.4%), from €1,035 to €565
- Taxes -€257
down €257 (-53.6%), from €479 to €222
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €360,858 | €302,662 | -€58,196 | -16.1% |
| Fixed assets | 21/28 | €50,842 | €34,859 | -€15,982 | -31.4% |
| Intangible fixed assets | 21 | €2,024 | €1,518 | -€506 | -25.0% |
| Tangible fixed assets | 22/27 | €48,818 | €33,341 | -€15,476 | -31.7% |
| Plant, machinery and equipment | 23 | €4,677 | €3,055 | -€1,622 | -34.7% |
| Furniture and vehicles | 24 | €11,494 | €7,499 | -€3,995 | -34.8% |
| Other tangible fixed assets | 26 | €32,646 | €22,786 | -€9,859 | -30.2% |
| Current assets | 29/58 | €310,016 | €267,803 | -€42,214 | -13.6% |
| Amounts receivable within one year | 40/41 | €82,222 | €112,753 | +€30,531 | +37.1% |
| Trade receivables | 40 | €82,217 | €112,753 | +€30,536 | +37.1% |
| Other amounts receivable | 41 | €5 | €0 | -€5 | -100.0% |
| Cash at bank and in hand | 54/58 | €226,443 | €155,050 | -€71,393 | -31.5% |
| Deferred charges and accrued income | 490/1 | €1,352 | €0 | -€1,352 | -100.0% |
| Total equity and liabilities | 10/49 | €360,858 | €302,662 | -€58,196 | -16.1% |
| Equity | 10/15 | €259,516 | €233,634 | -€25,882 | -10.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €206,970 | €206,970 | = | 0.0% |
| Distributable reserves | 133 | €206,970 | €206,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,454 | -€73,336 | -€25,882 | -54.5% |
| Amounts payable | 17/49 | €101,342 | €69,028 | -€32,314 | -31.9% |
| Amounts payable after more than one year | 17 | €22,328 | €0 | -€22,328 | -100.0% |
| Financial debts | 170/4 | €22,328 | €0 | -€22,328 | -100.0% |
| Amounts payable within one year | 42/48 | €79,013 | €68,566 | -€10,448 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €37,958 | €22,328 | -€15,630 | -41.2% |
| Trade debts | 44 | €145 | €2,838 | +€2,693 | +1853.7% |
| Suppliers | 440/4 | €145 | €2,838 | +€2,693 | +1853.7% |
| Taxes, remuneration and social security | 45 | €7,833 | €7,430 | -€403 | -5.1% |
| Taxes | 450/3 | €7,833 | €7,430 | -€403 | -5.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €33,077 | €35,969 | +€2,892 | +8.7% |
| Accrued charges and deferred income | 492/3 | - | €462 | +€462 | |
| Non-recurring operating income | 76A | €1,541 | €0 | -€1,541 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,032 | €20,246 | -€786 | -3.7% |
| Other operating charges | 640/8 | €1,035 | €565 | -€470 | -45.4% |
| Gross operating margin | 9900 | -€20,822 | -€3,834 | +€16,988 | +81.6% |
| Operating profit (loss) | 9901 | -€42,889 | -€24,646 | +€18,243 | +42.5% |
| Financial income | 75/76B | €32 | €13 | -€19 | -58.6% |
| Recurring financial income | 75 | €32 | €13 | -€19 | -58.6% |
| Financial charges | 65/66B | €4,117 | €1,027 | -€3,090 | -75.1% |
| Recurring financial charges | 65 | €4,117 | €1,027 | -€3,090 | -75.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,974 | -€25,660 | +€21,314 | +45.4% |
| Income taxes | 67/77 | €479 | €222 | -€257 | -53.6% |
| Profit (loss) for the period | 9904 | -€47,454 | -€25,882 | +€21,571 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,454 | -€25,882 | +€21,571 | +45.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.