THRACE ICT: 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.
THRACE ICT
Largest movements
- Tangible fixed assets -€30,464
down €30,464 (-20.6%), from €148,217 to €117,753
of which Furniture and vehicles: -€21,806
- Receivables within one year +€5,034
up €5,034 (+19.8%), from €25,440 to €30,474
of which Other amounts receivable: +€12,744
- Reserves -€25,499
down €25,499 (-29.4%), from €86,860 to €61,361
of which Distributable reserves: -€27,359
- Other debts +€25,235
up €25,235 (+169%), from €14,889 to €40,124
- Debts after one year -€16,485
down €16,485 (-24.7%), from €66,669 to €50,184
- Tax, wage and social debts -€8,716
down €8,716 (-48.1%), from €18,104 to €9,388
- Gross operating margin -€40,662
down €40,662 (-41.9%), from €96,930 to €56,268
- Taxes -€15,696
down €15,696 (-87.4%), from €17,951 to €2,255
- Depreciation +€7,475
up €7,475 (+32.3%), from €23,171 to €30,646
- Financial charges +€1,746
up €1,746 (+111%), from €1,569 to €3,315
of which Financial charges: +€1,758
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 | €287,836 | €262,763 | -€25,073 | -8.7% |
| Fixed assets | 21/28 | €148,242 | €117,778 | -€30,464 | -20.6% |
| Tangible fixed assets | 22/27 | €148,217 | €117,753 | -€30,464 | -20.6% |
| Plant, machinery and equipment | 23 | €4,206 | €1,759 | -€2,447 | -58.2% |
| Furniture and vehicles | 24 | €94,920 | €73,114 | -€21,806 | -23.0% |
| Other tangible fixed assets | 26 | €49,091 | €42,880 | -€6,211 | -12.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €139,593 | €144,985 | +€5,392 | +3.9% |
| Amounts receivable within one year | 40/41 | €25,440 | €30,474 | +€5,034 | +19.8% |
| Trade receivables | 40 | €15,440 | €7,730 | -€7,710 | -49.9% |
| Other amounts receivable | 41 | €10,000 | €22,744 | +€12,744 | +127% |
| Cash at bank and in hand | 54/58 | €107,460 | €109,001 | +€1,541 | +1.4% |
| Deferred charges and accrued income | 490/1 | €6,693 | €5,510 | -€1,183 | -17.7% |
| Total equity and liabilities | 10/49 | €287,836 | €262,763 | -€25,073 | -8.7% |
| Equity | 10/15 | €168,946 | €143,448 | -€25,498 | -15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,860 | €61,361 | -€25,499 | -29.4% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €86,860 | €59,501 | -€27,359 | -31.5% |
| Profit (loss) carried forward | 14 | €75,886 | €75,887 | +€1 | 0.0% |
| Amounts payable | 17/49 | €118,890 | €119,315 | +€425 | +0.4% |
| Amounts payable after more than one year | 17 | €66,669 | €50,184 | -€16,485 | -24.7% |
| Financial debts | 170/4 | €66,669 | €50,184 | -€16,485 | -24.7% |
| Amounts payable within one year | 42/48 | €52,220 | €69,131 | +€16,911 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €16,486 | €16,486 | +€0 | 0.0% |
| Trade debts | 44 | €2,742 | €3,133 | +€391 | +14.3% |
| Suppliers | 440/4 | €2,742 | €3,133 | +€391 | +14.3% |
| Taxes, remuneration and social security | 45 | €18,104 | €9,388 | -€8,716 | -48.1% |
| Taxes | 450/3 | €18,104 | €9,388 | -€8,716 | -48.1% |
| Other amounts payable | 47/48 | €14,889 | €40,124 | +€25,235 | +169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,171 | €30,646 | +€7,475 | +32.3% |
| Other operating charges | 640/8 | €674 | €550 | -€124 | -18.4% |
| Gross operating margin | 9900 | €96,930 | €56,268 | -€40,662 | -41.9% |
| Operating profit (loss) | 9901 | €73,085 | €25,072 | -€48,013 | -65.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,569 | €3,315 | +€1,746 | +111% |
| Recurring financial charges | 65 | €1,557 | €3,315 | +€1,758 | +113% |
| Non-recurring financial charges | 66B | €12 | - | -€12 | |
| Profit (loss) for the period before taxes | 9903 | €71,517 | €21,757 | -€49,760 | -69.6% |
| Income taxes | 67/77 | €17,951 | €2,255 | -€15,696 | -87.4% |
| Profit (loss) for the period | 9904 | €53,566 | €19,502 | -€34,064 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,566 | €19,502 | -€34,064 | -63.6% |
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 14 October 2026 via checked.be.