ThinQ More: 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.
ThinQ More
Largest movements
- Receivables within one year -€64,330
down €64,330 (-68.0%), from €94,580 to €30,250
of which Trade receivables: -€64,330
- Cash +€14,277
up €14,277 (+56.0%), from €25,510 to €39,786
mainly Receivables within one year (+€64,330) and Depreciation (+€24,214)
- Other debts -€42,730
down €42,730 (-100.0%), from €42,730 to €0
- Debts after one year -€30,212
down €30,212 (-2.9%), from €1.1m to €1.0m
- Reserves +€20,075
up €20,075 (+248.1%), from €8,091 to €28,166
- Depreciation -€24,209
down €24,209 (-50.0%), from €48,423 to €24,214
- Taxes +€4,131
up €4,131 (+447.6%), from €923 to €5,054
- Gross operating margin -€4,082
down €4,082 (-5.9%), from €69,768 to €65,686
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 | €1,165,330 | €1,107,758 | -€57,572 | -4.9% |
| Fixed assets | 21/28 | €1,045,240 | €1,037,722 | -€7,518 | -0.7% |
| Tangible fixed assets | 22/27 | €445,240 | €437,722 | -€7,518 | -1.7% |
| Land and buildings | 22 | €445,240 | €437,722 | -€7,518 | -1.7% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €120,090 | €70,036 | -€50,054 | -41.7% |
| Amounts receivable within one year | 40/41 | €94,580 | €30,250 | -€64,330 | -68.0% |
| Trade receivables | 40 | €94,580 | €30,250 | -€64,330 | -68.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €25,510 | €39,786 | +€14,277 | +56.0% |
| Total equity and liabilities | 10/49 | €1,165,330 | €1,107,758 | -€57,572 | -4.9% |
| Equity | 10/15 | €13,091 | €33,166 | +€20,075 | +153.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,091 | €28,166 | +€20,075 | +248.1% |
| Distributable reserves | 133 | €8,091 | €28,166 | +€20,075 | +248.1% |
| Amounts payable | 17/49 | €1,152,239 | €1,074,592 | -€77,647 | -6.7% |
| Amounts payable after more than one year | 17 | €1,057,432 | €1,027,220 | -€30,212 | -2.9% |
| Financial debts | 170/4 | €1,057,432 | €1,027,220 | -€30,212 | -2.9% |
| Amounts payable within one year | 42/48 | €94,807 | €47,372 | -€47,434 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €28,965 | €30,212 | +€1,248 | +4.3% |
| Trade debts | 44 | €21,672 | €15,577 | -€6,095 | -28.1% |
| Suppliers | 440/4 | €21,672 | €15,577 | -€6,095 | -28.1% |
| Taxes, remuneration and social security | 45 | €1,440 | €1,583 | +€143 | +9.9% |
| Taxes | 450/3 | €1,440 | €1,583 | +€143 | +9.9% |
| Other amounts payable | 47/48 | €42,730 | €0 | -€42,730 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,423 | €24,214 | -€24,209 | -50.0% |
| Other operating charges | 640/8 | €2,938 | €2,363 | -€575 | -19.6% |
| Gross operating margin | 9900 | €69,768 | €65,686 | -€4,082 | -5.9% |
| Operating profit (loss) | 9901 | €18,406 | €39,108 | +€20,702 | +112.5% |
| Financial income | 75/76B | €130 | €2 | -€129 | -98.8% |
| Recurring financial income | 75 | €130 | €2 | -€129 | -98.8% |
| Financial charges | 65/66B | €14,109 | €13,981 | -€128 | -0.9% |
| Recurring financial charges | 65 | €14,109 | €13,981 | -€128 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €4,428 | €25,129 | +€20,701 | +467.5% |
| Income taxes | 67/77 | €923 | €5,054 | +€4,131 | +447.6% |
| Profit (loss) for the period | 9904 | €3,505 | €20,075 | +€16,570 | +472.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,505 | €20,075 | +€16,570 | +472.8% |
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.