Thiqa Tech: 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.
Thiqa Tech
Largest movements
- Receivables within one year -€14,212
down €14,212 (-29.6%), from €48,083 to €33,870
of which Trade receivables: -€23,397
- Tangible fixed assets -€11,229
down €11,229 (-29.9%), from €37,604 to €26,375
of which Furniture and vehicles: -€9,313
- Deferred charges and accrued income -€4,161
down €4,161 (-87.9%), from €4,734 to €573
- Cash -€3,845
down €3,845 (-95.9%), from €4,009 to €165
mainly Net result for the year (-€46,996) and Tax, wage and social debts (-€9,902)
- Profit (loss) carried forward -€46,996
new in 2025: -€46,996
- Trade debts +€18,589
up €18,589 (+136%), from €13,628 to €32,217
- Tax, wage and social debts -€9,902
down €9,902 (-56.5%), from €17,524 to €7,622
of which Taxes: -€5,731
- Short-term financial debts +€7,406
new in 2025: €7,406
- Other debts -€2,544
down €2,544 (-6.6%), from €38,538 to €35,993
- Gross operating margin -€26,902
down €26,902 (-33.5%), from €80,350 to €53,448
- Staff costs +€23,697
up €23,697 (+43.7%), from €54,263 to €77,960
- Taxes -€2,894
down €2,894 (-89.3%), from €3,242 to €348
- Other operating charges +€2,523
up €2,523 (+143%), from €1,760 to €4,283
- Financial charges +€1,491
up €1,491 (+30.3%), from €4,914 to €6,405
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 | €94,430 | €60,983 | -€33,447 | -35.4% |
| Fixed assets | 21/28 | €37,604 | €26,375 | -€11,229 | -29.9% |
| Tangible fixed assets | 22/27 | €37,604 | €26,375 | -€11,229 | -29.9% |
| Plant, machinery and equipment | 23 | €6,870 | €4,953 | -€1,916 | -27.9% |
| Furniture and vehicles | 24 | €30,734 | €21,421 | -€9,313 | -30.3% |
| Current assets | 29/58 | €56,826 | €34,608 | -€22,218 | -39.1% |
| Amounts receivable within one year | 40/41 | €48,083 | €33,870 | -€14,212 | -29.6% |
| Trade receivables | 40 | €35,955 | €12,558 | -€23,397 | -65.1% |
| Other amounts receivable | 41 | €12,128 | €21,313 | +€9,185 | +75.7% |
| Cash at bank and in hand | 54/58 | €4,009 | €165 | -€3,845 | -95.9% |
| Deferred charges and accrued income | 490/1 | €4,734 | €573 | -€4,161 | -87.9% |
| Total equity and liabilities | 10/49 | €94,430 | €60,983 | -€33,447 | -35.4% |
| Equity | 10/15 | €24,740 | -€22,256 | -€46,996 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €22,240 | €22,240 | = | 0.0% |
| Distributable reserves | 133 | €22,240 | €22,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€46,996 | -€46,996 | |
| Amounts payable | 17/49 | €69,689 | €83,239 | +€13,549 | +19.4% |
| Amounts payable within one year | 42/48 | €69,689 | €83,239 | +€13,549 | +19.4% |
| Financial debts | 43 | - | €7,406 | +€7,406 | |
| Credit institutions | 430/8 | - | €7,406 | +€7,406 | |
| Trade debts | 44 | €13,628 | €32,217 | +€18,589 | +136% |
| Suppliers | 440/4 | €13,628 | €32,217 | +€18,589 | +136% |
| Taxes, remuneration and social security | 45 | €17,524 | €7,622 | -€9,902 | -56.5% |
| Taxes | 450/3 | €7,442 | €1,711 | -€5,731 | -77.0% |
| Remuneration and social security | 454/9 | €10,082 | €5,911 | -€4,170 | -41.4% |
| Other amounts payable | 47/48 | €38,538 | €35,993 | -€2,544 | -6.6% |
| Remuneration, social security and pensions | 62 | €54,263 | €77,960 | +€23,697 | +43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,385 | €11,449 | +€1,063 | +10.2% |
| Other operating charges | 640/8 | €1,760 | €4,283 | +€2,523 | +143% |
| Gross operating margin | 9900 | €80,350 | €53,448 | -€26,902 | -33.5% |
| Operating profit (loss) | 9901 | €13,942 | -€40,243 | -€54,185 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,914 | €6,405 | +€1,491 | +30.3% |
| Recurring financial charges | 65 | €4,914 | €6,405 | +€1,491 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €9,028 | -€46,648 | -€55,676 | |
| Income taxes | 67/77 | €3,242 | €348 | -€2,894 | -89.3% |
| Profit (loss) for the period | 9904 | €5,786 | -€46,996 | -€52,782 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,786 | -€46,996 | -€52,782 |
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 16 October 2026 via checked.be.