THREATLESS: 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.
THREATLESS
Largest movements
- Receivables within one year +€21,186
up €21,186 (+36.5%), from €57,986 to €79,172
of which Other amounts receivable: +€17,384
- Tangible fixed assets -€6,513
down €6,513 (-26.4%), from €24,679 to €18,166
- Cash +€2,071
up €2,071 (+11.5%), from €18,032 to €20,103
mainly Trade debts (+€22,639) and Depreciation (+€6,785)
- Deferred charges and accrued income -€1,304
no longer reported in 2025 (was €1,304)
- Trade debts +€22,639
up €22,639 (+74.4%), from €30,411 to €53,050
- Tax, wage and social debts -€13,006
down €13,006 (-86.5%), from €15,032 to €2,027
of which Remuneration and social security: -€7,500
- Profit (loss) carried forward +€3,550
up €3,550 (+6.8%), from €51,868 to €55,418
- Other debts +€2,257
up €2,257 (+83.9%), from €2,690 to €4,946
- Gross operating margin -€20,978
down €20,978 (-35.9%), from €58,359 to €37,381
- Taxes -€4,971
down €4,971 (-71.0%), from €6,998 to €2,027
- Staff costs +€2,054
up €2,054 (+9.0%), from €22,759 to €24,813
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 | €102,001 | €117,441 | +€15,440 | +15.1% |
| Fixed assets | 21/28 | €24,679 | €18,166 | -€6,513 | -26.4% |
| Tangible fixed assets | 22/27 | €24,679 | €18,166 | -€6,513 | -26.4% |
| Furniture and vehicles | 24 | €24,679 | €18,166 | -€6,513 | -26.4% |
| Current assets | 29/58 | €77,322 | €99,275 | +€21,953 | +28.4% |
| Amounts receivable within one year | 40/41 | €57,986 | €79,172 | +€21,186 | +36.5% |
| Trade receivables | 40 | €57,986 | €61,787 | +€3,801 | +6.6% |
| Other amounts receivable | 41 | - | €17,384 | +€17,384 | |
| Cash at bank and in hand | 54/58 | €18,032 | €20,103 | +€2,071 | +11.5% |
| Deferred charges and accrued income | 490/1 | €1,304 | - | -€1,304 | |
| Total equity and liabilities | 10/49 | €102,001 | €117,441 | +€15,440 | +15.1% |
| Equity | 10/15 | €53,868 | €57,418 | +€3,550 | +6.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,868 | €55,418 | +€3,550 | +6.8% |
| Amounts payable | 17/49 | €48,133 | €60,023 | +€11,890 | +24.7% |
| Amounts payable within one year | 42/48 | €48,133 | €60,023 | +€11,890 | +24.7% |
| Trade debts | 44 | €30,411 | €53,050 | +€22,639 | +74.4% |
| Suppliers | 440/4 | €30,411 | €53,050 | +€22,639 | +74.4% |
| Taxes, remuneration and social security | 45 | €15,032 | €2,027 | -€13,006 | -86.5% |
| Taxes | 450/3 | €7,532 | €2,027 | -€5,506 | -73.1% |
| Remuneration and social security | 454/9 | €7,500 | - | -€7,500 | |
| Other amounts payable | 47/48 | €2,690 | €4,946 | +€2,257 | +83.9% |
| Remuneration, social security and pensions | 62 | €22,759 | €24,813 | +€2,054 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,710 | €6,785 | +€75 | +1.1% |
| Other operating charges | 640/8 | €25 | €117 | +€92 | +374.9% |
| Gross operating margin | 9900 | €58,359 | €37,381 | -€20,978 | -35.9% |
| Operating profit (loss) | 9901 | €28,865 | €5,666 | -€23,199 | -80.4% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €41 | €93 | +€52 | +126.7% |
| Recurring financial charges | 65 | €41 | €93 | +€52 | +126.7% |
| Profit (loss) for the period before taxes | 9903 | €28,824 | €5,577 | -€23,247 | -80.7% |
| Income taxes | 67/77 | €6,998 | €2,027 | -€4,971 | -71.0% |
| Profit (loss) for the period | 9904 | €21,826 | €3,550 | -€18,276 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,826 | €3,550 | -€18,276 | -83.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.