Thinkzero: 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.
Thinkzero
Largest movements
- Receivables within one year +€84,116
up €84,116 (+126.9%), from €66,279 to €150,394
of which Trade receivables: +€82,485
- Tangible fixed assets +€64,429
up €64,429 (+4736.9%), from €1,360 to €65,789
of which Leasing and similar rights: +€61,822
- Cash +€43,835
up €43,835 (+67.0%), from €65,459 to €109,294
mainly Net result for the year (+€161,286) and Tax, wage and social debts (+€52,875)
- Stocks and contracts +€21,979
up €21,979 (+78.0%), from €28,186 to €50,165
- Financial fixed assets +€4,040
up €4,040 (+10100.0%), from €40 to €4,080
- Reserves +€161,286
up €161,286 (+258.6%), from €62,364 to €223,649
- Tax, wage and social debts +€52,875
up €52,875 (+845.8%), from €6,251 to €59,126
of which Taxes: +€39,758
- Debts after one year +€40,136
up €40,136 (+345.0%), from €11,633 to €51,769
- Trade debts -€35,974
down €35,974 (-47.7%), from €75,407 to €39,432
- Current portion of long-term debt +€5,095
up €5,095 (+45.9%), from €11,108 to €16,203
- Gross operating margin +€194,149
up €194,149 (+230.3%), from €84,291 to €278,440
- Staff costs +€57,735
new in 2025: €57,735
- Taxes +€30,076
up €30,076 (+188.6%), from €15,950 to €46,026
- Depreciation +€7,001
up €7,001 (+351.2%), from €1,993 to €8,995
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 | €172,593 | €397,179 | +€224,586 | +130.1% |
| Fixed assets | 21/28 | €9,040 | €81,183 | +€72,143 | +798.0% |
| Intangible fixed assets | 21 | €7,640 | €11,314 | +€3,674 | +48.1% |
| Tangible fixed assets | 22/27 | €1,360 | €65,789 | +€64,429 | +4736.9% |
| Furniture and vehicles | 24 | €1,360 | €3,968 | +€2,607 | +191.7% |
| Leasing and similar rights | 25 | - | €61,822 | +€61,822 | |
| Financial fixed assets | 28 | €40 | €4,080 | +€4,040 | +10100.0% |
| Current assets | 29/58 | €163,553 | €315,996 | +€152,443 | +93.2% |
| Stocks and contracts in progress | 3 | €28,186 | €50,165 | +€21,979 | +78.0% |
| Stocks | 30/36 | €28,186 | €50,165 | +€21,979 | +78.0% |
| Amounts receivable within one year | 40/41 | €66,279 | €150,394 | +€84,116 | +126.9% |
| Trade receivables | 40 | €51,189 | €133,674 | +€82,485 | +161.1% |
| Other amounts receivable | 41 | €15,090 | €16,721 | +€1,631 | +10.8% |
| Cash at bank and in hand | 54/58 | €65,459 | €109,294 | +€43,835 | +67.0% |
| Deferred charges and accrued income | 490/1 | €3,629 | €6,142 | +€2,514 | +69.3% |
| Total equity and liabilities | 10/49 | €172,593 | €397,179 | +€224,586 | +130.1% |
| Equity | 10/15 | €65,364 | €226,649 | +€161,286 | +246.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €62,364 | €223,649 | +€161,286 | +258.6% |
| Distributable reserves | 133 | €62,364 | €223,649 | +€161,286 | +258.6% |
| Amounts payable | 17/49 | €107,229 | €170,530 | +€63,300 | +59.0% |
| Amounts payable after more than one year | 17 | €11,633 | €51,769 | +€40,136 | +345.0% |
| Financial debts | 170/4 | €11,633 | €51,769 | +€40,136 | +345.0% |
| Amounts payable within one year | 42/48 | €95,273 | €118,491 | +€23,219 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €11,108 | €16,203 | +€5,095 | +45.9% |
| Financial debts | 43 | €735 | €1,767 | +€1,032 | +140.4% |
| Credit institutions | 430/8 | €735 | €1,767 | +€1,032 | +140.4% |
| Trade debts | 44 | €75,407 | €39,432 | -€35,974 | -47.7% |
| Suppliers | 440/4 | €75,407 | €39,432 | -€35,974 | -47.7% |
| Taxes, remuneration and social security | 45 | €6,251 | €59,126 | +€52,875 | +845.8% |
| Taxes | 450/3 | €6,251 | €46,009 | +€39,758 | +636.0% |
| Remuneration and social security | 454/9 | - | €13,117 | +€13,117 | |
| Other amounts payable | 47/48 | €1,772 | €1,963 | +€192 | +10.8% |
| Accrued charges and deferred income | 492/3 | €323 | €269 | -€55 | -17.0% |
| Remuneration, social security and pensions | 62 | - | €57,735 | +€57,735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,993 | €8,995 | +€7,001 | +351.2% |
| Other operating charges | 640/8 | €852 | €1,682 | +€830 | +97.4% |
| Non-recurring operating charges | 66A | €250 | €0 | -€250 | -100.0% |
| Gross operating margin | 9900 | €84,291 | €278,440 | +€194,149 | +230.3% |
| Operating profit (loss) | 9901 | €81,195 | €210,028 | +€128,832 | +158.7% |
| Financial income | 75/76B | €1,733 | €2,061 | +€327 | +18.9% |
| Recurring financial income | 75 | €1,733 | €2,061 | +€327 | +18.9% |
| Financial charges | 65/66B | €4,742 | €4,777 | +€35 | +0.7% |
| Recurring financial charges | 65 | €4,742 | €4,777 | +€35 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €78,187 | €207,312 | +€129,125 | +165.1% |
| Income taxes | 67/77 | €15,950 | €46,026 | +€30,076 | +188.6% |
| Profit (loss) for the period | 9904 | €62,237 | €161,286 | +€99,049 | +159.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,237 | €161,286 | +€99,049 | +159.1% |
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.