THINKwin: 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.
THINKwin
Largest movements
- Receivables within one year +€12,098
up €12,098 (+521.9%), from €2,318 to €14,416
of which Trade receivables: +€9,712
- Tangible fixed assets -€1,369
down €1,369 (-7.8%), from €17,525 to €16,155
- Cash -€996
down €996 (-14.6%), from €6,820 to €5,823
mainly Other debts (-€40,888) and Receivables within one year (-€12,098)
- Other debts -€40,888
down €40,888 (-69.1%), from €59,209 to €18,321
- Profit (loss) carried forward +€37,427
up €37,427 (+87.2%), from -€42,921 to -€5,495
- Trade debts +€6,670
up €6,670 (+509.5%), from €1,309 to €7,979
- Tax, wage and social debts +€4,640
up €4,640 (+435.5%), from €1,065 to €5,705
- Short-term financial debts +€3,153
new in 2025: €3,153
- Gross operating margin +€53,170
up €53,170, from -€4,596 to €48,573
- Taxes +€5,613
up €5,613, from -€498 to €5,114
- Financial income -€2,282
down €2,282 (-94.1%), from €2,426 to €144
- Financial charges -€959
down €959 (-33.7%), from €2,850 to €1,891
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 | €27,662 | €37,579 | +€9,917 | +35.9% |
| Fixed assets | 21/28 | €17,525 | €16,155 | -€1,369 | -7.8% |
| Tangible fixed assets | 22/27 | €17,525 | €16,155 | -€1,369 | -7.8% |
| Land and buildings | 22 | €6,357 | €5,957 | -€400 | -6.3% |
| Plant, machinery and equipment | 23 | €1,023 | €604 | -€419 | -41.0% |
| Furniture and vehicles | 24 | €10,145 | €9,594 | -€551 | -5.4% |
| Current assets | 29/58 | €10,138 | €21,424 | +€11,287 | +111.3% |
| Amounts receivable within one year | 40/41 | €2,318 | €14,416 | +€12,098 | +521.9% |
| Trade receivables | 40 | €1,839 | €11,550 | +€9,712 | +528.3% |
| Other amounts receivable | 41 | €480 | €2,866 | +€2,386 | +497.5% |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,820 | €5,823 | -€996 | -14.6% |
| Deferred charges and accrued income | 490/1 | - | €185 | +€185 | |
| Total equity and liabilities | 10/49 | €27,662 | €37,579 | +€9,917 | +35.9% |
| Equity | 10/15 | -€35,421 | €2,005 | +€37,427 | |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,921 | -€5,495 | +€37,427 | +87.2% |
| Amounts payable | 17/49 | €63,084 | €35,574 | -€27,510 | -43.6% |
| Amounts payable within one year | 42/48 | €61,584 | €35,158 | -€26,426 | -42.9% |
| Financial debts | 43 | - | €3,153 | +€3,153 | |
| Credit institutions | 430/8 | - | €3,153 | +€3,153 | |
| Trade debts | 44 | €1,309 | €7,979 | +€6,670 | +509.5% |
| Suppliers | 440/4 | €1,309 | €7,979 | +€6,670 | +509.5% |
| Taxes, remuneration and social security | 45 | €1,065 | €5,705 | +€4,640 | +435.5% |
| Taxes | 450/3 | €1,065 | €5,705 | +€4,640 | +435.5% |
| Other amounts payable | 47/48 | €59,209 | €18,321 | -€40,888 | -69.1% |
| Accrued charges and deferred income | 492/3 | €1,500 | €416 | -€1,084 | -72.3% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,405 | €3,470 | +€64 | +1.9% |
| Other operating charges | 640/8 | €925 | €816 | -€109 | -11.8% |
| Non-recurring operating charges | 66A | €8,813 | €0 | -€8,813 | -100.0% |
| Gross operating margin | 9900 | -€4,596 | €48,573 | +€53,170 | |
| Operating profit (loss) | 9901 | -€17,740 | €44,288 | +€62,028 | |
| Financial income | 75/76B | €2,426 | €144 | -€2,282 | -94.1% |
| Recurring financial income | 75 | €2,426 | €144 | -€2,282 | -94.1% |
| Financial charges | 65/66B | €2,850 | €1,891 | -€959 | -33.7% |
| Recurring financial charges | 65 | €2,850 | €1,891 | -€959 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,164 | €42,541 | +€60,705 | |
| Income taxes | 67/77 | -€498 | €5,114 | +€5,613 | |
| Profit (loss) for the period | 9904 | -€17,666 | €37,427 | +€55,093 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,666 | €37,427 | +€55,093 |
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 10 October 2026 via checked.be.