thiNKwise: 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.
thiNKwise
Largest movements
- Receivables after one year +€35,000
up €35,000 (+50.0%), from €70,000 to €105,000
- Receivables within one year +€5,009
up €5,009 (+29.5%), from €17,001 to €22,010
- Cash +€3,904
up €3,904 (+4.0%), from €97,856 to €101,760
mainly Net result for the year (+€48,941) and Depreciation (+€2,107)
- Reserves +€48,941
up €48,941 (+35.8%), from €136,706 to €185,647
- Tax, wage and social debts -€9,940
down €9,940 (-18.9%), from €52,566 to €42,626
- Gross operating margin -€27,631
down €27,631 (-29.3%), from €94,442 to €66,811
- Taxes -€4,481
down €4,481 (-23.3%), from €19,196 to €14,716
- Financial income +€1,952
up €1,952 (+356.2%), from €548 to €2,500
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 | €191,675 | €233,259 | +€41,584 | +21.7% |
| Fixed assets | 21/28 | €6,596 | €4,489 | -€2,107 | -31.9% |
| Tangible fixed assets | 22/27 | €6,596 | €4,489 | -€2,107 | -31.9% |
| Land and buildings | 22 | €800 | €699 | -€101 | -12.6% |
| Plant, machinery and equipment | 23 | €2,565 | €1,862 | -€703 | -27.4% |
| Furniture and vehicles | 24 | €3,231 | €1,928 | -€1,303 | -40.3% |
| Current assets | 29/58 | €185,079 | €228,770 | +€43,691 | +23.6% |
| Amounts receivable after more than one year | 29 | €70,000 | €105,000 | +€35,000 | +50.0% |
| Other amounts receivable | 291 | €70,000 | €105,000 | +€35,000 | +50.0% |
| Amounts receivable within one year | 40/41 | €17,001 | €22,010 | +€5,009 | +29.5% |
| Trade receivables | 40 | €17,001 | €22,010 | +€5,009 | +29.5% |
| Cash at bank and in hand | 54/58 | €97,856 | €101,760 | +€3,904 | +4.0% |
| Deferred charges and accrued income | 490/1 | €222 | - | -€222 | |
| Total equity and liabilities | 10/49 | €191,675 | €233,259 | +€41,584 | +21.7% |
| Equity | 10/15 | €137,706 | €186,647 | +€48,941 | +35.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €136,706 | €185,647 | +€48,941 | +35.8% |
| Distributable reserves | 133 | €136,706 | €185,647 | +€48,941 | +35.8% |
| Amounts payable | 17/49 | €53,969 | €46,612 | -€7,356 | -13.6% |
| Amounts payable within one year | 42/48 | €53,969 | €46,612 | -€7,356 | -13.6% |
| Trade debts | 44 | €799 | €2,422 | +€1,623 | +203.0% |
| Suppliers | 440/4 | €799 | €2,422 | +€1,623 | +203.0% |
| Taxes, remuneration and social security | 45 | €52,566 | €42,626 | -€9,940 | -18.9% |
| Taxes | 450/3 | €52,566 | €42,626 | -€9,940 | -18.9% |
| Other amounts payable | 47/48 | €604 | €1,564 | +€961 | +159.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,452 | €2,107 | +€655 | +45.1% |
| Other operating charges | 640/8 | €62 | €366 | +€304 | +490.3% |
| Gross operating margin | 9900 | €94,442 | €66,811 | -€27,631 | -29.3% |
| Operating profit (loss) | 9901 | €92,928 | €64,338 | -€28,591 | -30.8% |
| Financial income | 75/76B | €548 | €2,500 | +€1,952 | +356.2% |
| Recurring financial income | 75 | €548 | €2,500 | +€1,952 | +356.2% |
| Financial charges | 65/66B | €3,133 | €3,182 | +€49 | +1.5% |
| Recurring financial charges | 65 | €3,133 | €3,182 | +€49 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €90,343 | €63,656 | -€26,687 | -29.5% |
| Income taxes | 67/77 | €19,196 | €14,716 | -€4,481 | -23.3% |
| Profit (loss) for the period | 9904 | €71,147 | €48,941 | -€22,206 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,147 | €48,941 | -€22,206 | -31.2% |
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.