ThinkTech Policy & Management: 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.
ThinkTech Policy & Management
Largest movements
- Current investments -€10,494
down €10,494 (-44.1%), from €23,781 to €13,288
- Tangible fixed assets -€8,509
down €8,509 (-17.2%), from €49,522 to €41,014
of which Plant, machinery and equipment: -€8,889
- Cash -€4,744
down €4,744 (-38.6%), from €12,289 to €7,544
mainly Tax, wage and social debts (-€23,063) and Receivables within one year (-€3,175)
- Receivables within one year +€3,175
up €3,175 (+1823.8%), from €174 to €3,349
of which Trade receivables: +€3,115
- Tax, wage and social debts -€23,063
down €23,063 (-62.8%), from €36,735 to €13,672
of which Remuneration and social security: -€22,030
- Trade debts +€3,529
up €3,529 (+600.1%), from €588 to €4,117
of which Suppliers: +€3,693
- Profit (loss) carried forward -€1,048
down €1,048 (-0.9%), from -€116,856 to -€117,904
- Gross operating margin +€60,765
up €60,765, from -€45,014 to €15,750
- Turnover +€44,712
up €44,712 (+270.3%), from €16,544 to €61,256
- Purchases and services -€16,052
down €16,052 (-26.0%), from €61,709 to €45,656
- Financial charges +€6,229
up €6,229 (+1291.4%), from €482 to €6,712
- Financial income -€4,601
no longer reported in 2025 (was €4,601)
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 | €85,876 | €65,305 | -€20,571 | -24.0% |
| Fixed assets | 21/28 | €49,632 | €41,124 | -€8,509 | -17.1% |
| Tangible fixed assets | 22/27 | €49,522 | €41,014 | -€8,509 | -17.2% |
| Plant, machinery and equipment | 23 | €48,890 | €40,001 | -€8,889 | -18.2% |
| Furniture and vehicles | 24 | €632 | €1,013 | +€381 | +60.2% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €36,244 | €24,182 | -€12,062 | -33.3% |
| Amounts receivable within one year | 40/41 | €174 | €3,349 | +€3,175 | +1823.8% |
| Trade receivables | 40 | €174 | €3,289 | +€3,115 | +1789.2% |
| Other amounts receivable | 41 | - | €60 | +€60 | |
| Current investments | 50/53 | €23,781 | €13,288 | -€10,494 | -44.1% |
| Cash at bank and in hand | 54/58 | €12,289 | €7,544 | -€4,744 | -38.6% |
| Total equity and liabilities | 10/49 | €85,876 | €65,305 | -€20,571 | -24.0% |
| Equity | 10/15 | -€26,856 | -€27,904 | -€1,048 | -3.9% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | - | -€90,000 | |
| Issued capital | 100 | €90,000 | - | -€90,000 | |
| Profit (loss) carried forward | 14 | -€116,856 | -€117,904 | -€1,048 | -0.9% |
| Amounts payable | 17/49 | €112,732 | €93,209 | -€19,523 | -17.3% |
| Amounts payable within one year | 42/48 | €112,732 | €93,209 | -€19,523 | -17.3% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €588 | €4,117 | +€3,529 | +600.1% |
| Suppliers | 440/4 | €425 | €4,117 | +€3,693 | +869.1% |
| Bills of exchange payable | 441 | €163 | - | -€163 | |
| Taxes, remuneration and social security | 45 | €36,735 | €13,672 | -€23,063 | -62.8% |
| Taxes | 450/3 | €1,033 | - | -€1,033 | |
| Remuneration and social security | 454/9 | €35,702 | €13,672 | -€22,030 | -61.7% |
| Other amounts payable | 47/48 | €75,410 | €75,410 | +€0 | 0.0% |
| Turnover | 70 | €16,544 | €61,256 | +€44,712 | +270.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €61,709 | €45,656 | -€16,052 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,738 | €9,777 | +€39 | +0.4% |
| Other operating charges | 640/8 | - | €506 | +€506 | |
| Gross operating margin | 9900 | -€45,014 | €15,750 | +€60,765 | |
| Operating profit (loss) | 9901 | -€54,752 | €5,468 | +€60,220 | |
| Financial income | 75/76B | €4,601 | - | -€4,601 | |
| Recurring financial income | 75 | €4,601 | - | -€4,601 | |
| Financial charges | 65/66B | €482 | €6,712 | +€6,229 | +1291.4% |
| Recurring financial charges | 65 | €482 | €6,712 | +€6,229 | +1291.4% |
| Profit (loss) for the period before taxes | 9903 | -€50,633 | -€1,244 | +€49,390 | +97.5% |
| Income taxes | 67/77 | -€153 | -€196 | -€43 | -27.9% |
| Profit (loss) for the period | 9904 | -€50,480 | -€1,048 | +€49,432 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,480 | -€1,048 | +€49,432 | +97.9% |
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.