Thinline: what changed
Thinline
Largest movements
- Cash -€596,304
down €596,304 (-65.0%), from €917,364 to €321,060
mainly Contributions, distributions and other (-€708,000) and Accrued charges and deferred income (-€20,550)
- Tangible fixed assets -€46,712
down €46,712 (-86.2%), from €54,187 to €7,474
of which Furniture and vehicles: -€48,573
- Receivables within one year -€15,076
down €15,076 (-10.4%), from €145,549 to €130,474
of which Other amounts receivable: -€16,381
- Reserves -€642,692
down €642,692 (-65.4%), from €982,696 to €340,004
of which Distributable reserves: -€642,692
- Trade debts +€21,622
up €21,622 (+192%), from €11,269 to €32,892
- Accrued charges and deferred income -€20,550
down €20,550 (-100%), from €20,550 to €0
- Gross operating margin -€146,593
down €146,593 (-36.9%), from €397,393 to €250,800
- Staff costs +€36,526
up €36,526 (+30.8%), from €118,544 to €155,070
- Taxes -€35,185
down €35,185 (-56.9%), from €61,832 to €26,647
- Depreciation -€24,949
down €24,949 (-88.9%), from €28,067 to €3,119
- Financial income -€10,219
down €10,219 (-99.7%), from €10,253 to €34
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,117,933 | €463,545 | -€654,387 | -58.5% |
| Fixed assets | 21/28 | €54,187 | €12,012 | -€42,174 | -77.8% |
| Tangible fixed assets | 22/27 | €54,187 | €7,474 | -€46,712 | -86.2% |
| Plant, machinery and equipment | 23 | €4,684 | €6,544 | +€1,861 | +39.7% |
| Furniture and vehicles | 24 | €49,503 | €930 | -€48,573 | -98.1% |
| Financial fixed assets | 28 | - | €4,538 | +€4,538 | |
| Current assets | 29/58 | €1,063,746 | €451,533 | -€612,213 | -57.6% |
| Amounts receivable within one year | 40/41 | €145,549 | €130,474 | -€15,076 | -10.4% |
| Trade receivables | 40 | €129,060 | €130,365 | +€1,305 | +1.0% |
| Other amounts receivable | 41 | €16,489 | €108 | -€16,381 | -99.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €917,364 | €321,060 | -€596,304 | -65.0% |
| Deferred charges and accrued income | 490/1 | €833 | €0 | -€833 | -100% |
| Total equity and liabilities | 10/49 | €1,117,933 | €463,545 | -€654,387 | -58.5% |
| Equity | 10/15 | €988,897 | €346,205 | -€642,692 | -65.0% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €982,696 | €340,004 | -€642,692 | -65.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €982,696 | €340,004 | -€642,692 | -65.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €129,036 | €117,340 | -€11,695 | -9.1% |
| Amounts payable within one year | 42/48 | €108,486 | €117,340 | +€8,855 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €1,296 | €1,296 | = | 0.0% |
| Trade debts | 44 | €11,269 | €32,892 | +€21,622 | +192% |
| Suppliers | 440/4 | €11,269 | €32,892 | +€21,622 | +192% |
| Advances received on contracts in progress | 46 | €8,600 | €2,550 | -€6,050 | -70.3% |
| Taxes, remuneration and social security | 45 | €82,708 | €80,345 | -€2,363 | -2.9% |
| Taxes | 450/3 | €46,478 | €55,443 | +€8,965 | +19.3% |
| Remuneration and social security | 454/9 | €36,230 | €24,902 | -€11,328 | -31.3% |
| Other amounts payable | 47/48 | €4,612 | €257 | -€4,355 | -94.4% |
| Accrued charges and deferred income | 492/3 | €20,550 | €0 | -€20,550 | -100% |
| Remuneration, social security and pensions | 62 | €118,544 | €155,070 | +€36,526 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,067 | €3,119 | -€24,949 | -88.9% |
| Other operating charges | 640/8 | €2,018 | €107 | -€1,911 | -94.7% |
| Gross operating margin | 9900 | €397,393 | €250,800 | -€146,593 | -36.9% |
| Operating profit (loss) | 9901 | €248,764 | €92,505 | -€156,259 | -62.8% |
| Financial income | 75/76B | €10,253 | €34 | -€10,219 | -99.7% |
| Recurring financial income | 75 | €10,253 | €34 | -€10,219 | -99.7% |
| Financial charges | 65/66B | €468 | €583 | +€115 | +24.5% |
| Recurring financial charges | 65 | €468 | €583 | +€115 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €258,548 | €91,955 | -€166,593 | -64.4% |
| Income taxes | 67/77 | €61,832 | €26,647 | -€35,185 | -56.9% |
| Profit (loss) for the period | 9904 | €196,716 | €65,308 | -€131,408 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €196,716 | €65,308 | -€131,408 | -66.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.