Thinq: 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.
Thinq
Largest movements
- Receivables within one year -€147,813
down €147,813 (-60.8%), from €243,253 to €95,441
of which Trade receivables: -€106,044
- Cash +€40,960
up €40,960 (+20.0%), from €204,910 to €245,870
mainly Receivables within one year (+€147,813) and Depreciation (+€13,173)
- Deferred charges and accrued income -€6,244
down €6,244 (-92.2%), from €6,775 to €530
- Other debts -€60,000
down €60,000 (-100%), from €60,000 to €0
- Trade debts -€28,000
down €28,000 (-27.1%), from €103,486 to €75,486
- Tax, wage and social debts -€25,258
down €25,258 (-35.3%), from €71,637 to €46,379
of which Taxes: -€15,041
- Gross operating margin -€104,218
down €104,218 (-25.6%), from €406,521 to €302,303
- Staff costs -€28,979
down €28,979 (-9.3%), from €311,817 to €282,837
- Depreciation -€5,760
down €5,760 (-30.4%), from €18,934 to €13,173
- Other operating charges -€4,741
down €4,741 (-83.6%), from €5,668 to €927
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.
Derived cash bridge
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 | €482,380 | €367,671 | -€114,709 | -23.8% |
| Fixed assets | 21/28 | €27,441 | €25,829 | -€1,612 | -5.9% |
| Tangible fixed assets | 22/27 | €22,301 | €23,283 | +€981 | +4.4% |
| Plant, machinery and equipment | 23 | €1,894 | €745 | -€1,148 | -60.6% |
| Furniture and vehicles | 24 | €20,408 | €22,537 | +€2,130 | +10.4% |
| Financial fixed assets | 28 | €5,140 | €2,546 | -€2,594 | -50.5% |
| Current assets | 29/58 | €454,938 | €341,842 | -€113,097 | -24.9% |
| Amounts receivable within one year | 40/41 | €243,253 | €95,441 | -€147,813 | -60.8% |
| Trade receivables | 40 | €187,468 | €81,425 | -€106,044 | -56.6% |
| Other amounts receivable | 41 | €55,785 | €14,016 | -€41,769 | -74.9% |
| Cash at bank and in hand | 54/58 | €204,910 | €245,870 | +€40,960 | +20.0% |
| Deferred charges and accrued income | 490/1 | €6,775 | €530 | -€6,244 | -92.2% |
| Total equity and liabilities | 10/49 | €482,380 | €367,671 | -€114,709 | -23.8% |
| Equity | 10/15 | €247,257 | €245,806 | -€1,451 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €228,657 | €227,206 | -€1,451 | -0.6% |
| Distributable reserves | 133 | €228,657 | €227,206 | -€1,451 | -0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €235,123 | €121,865 | -€113,258 | -48.2% |
| Amounts payable within one year | 42/48 | €235,123 | €121,865 | -€113,258 | -48.2% |
| Trade debts | 44 | €103,486 | €75,486 | -€28,000 | -27.1% |
| Suppliers | 440/4 | €103,486 | €75,486 | -€28,000 | -27.1% |
| Taxes, remuneration and social security | 45 | €71,637 | €46,379 | -€25,258 | -35.3% |
| Taxes | 450/3 | €20,909 | €5,868 | -€15,041 | -71.9% |
| Remuneration and social security | 454/9 | €50,728 | €40,511 | -€10,217 | -20.1% |
| Other amounts payable | 47/48 | €60,000 | €0 | -€60,000 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €311,817 | €282,837 | -€28,979 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,934 | €13,173 | -€5,760 | -30.4% |
| Other operating charges | 640/8 | €5,668 | €927 | -€4,741 | -83.6% |
| Gross operating margin | 9900 | €406,521 | €302,303 | -€104,218 | -25.6% |
| Operating profit (loss) | 9901 | €70,103 | €5,365 | -€64,738 | -92.3% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €852 | €863 | +€11 | +1.3% |
| Recurring financial charges | 65 | €852 | €863 | +€11 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €69,251 | €4,533 | -€64,718 | -93.5% |
| Income taxes | 67/77 | €8,219 | €5,984 | -€2,235 | -27.2% |
| Profit (loss) for the period | 9904 | €61,031 | -€1,451 | -€62,483 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,031 | -€1,451 | -€62,483 |
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 15 October 2026 via checked.be.