Thrive Trading: 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.
Thrive Trading
Largest movements
- Tangible fixed assets +€387,321
up €387,321 (+42.4%), from €912,716 to €1.3m
of which Land and buildings: +€310,762
- Receivables within one year -€40,039
no longer reported in 2025 (was €40,039)
of which Trade receivables: -€36,499
- Other debts +€261,247
up €261,247 (+2741.9%), from €9,528 to €270,775
- Debts after one year +€111,349
up €111,349 (+14.6%), from €763,027 to €874,376
of which Other amounts payable: +€128,595
- Accrued charges and deferred income -€96,800
no longer reported in 2025 (was €96,800)
- Current portion of long-term debt +€56,405
up €56,405 (+275.0%), from €20,514 to €76,918
- Trade debts -€45,245
down €45,245 (-86.2%), from €52,490 to €7,245
of which Suppliers: -€48,298
- Gross operating margin +€140,159
up €140,159 (+887.4%), from €15,794 to €155,953
- Financial charges +€23,856
up €23,856 (+236.0%), from €10,106 to €33,962
of which Financial charges: +€26,356
- Depreciation +€22,127
up €22,127 (+75.5%), from €29,298 to €51,425
- Taxes +€3,871
up €3,871 (+66403.6%), from €6 to €3,877
- Staff costs -€1,914
down €1,914 (-23.8%), from €8,028 to €6,114
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 | €1,019,587 | €1,385,661 | +€366,074 | +35.9% |
| Fixed assets | 21/28 | €912,716 | €1,300,038 | +€387,321 | +42.4% |
| Tangible fixed assets | 22/27 | €912,716 | €1,300,038 | +€387,321 | +42.4% |
| Land and buildings | 22 | €834,437 | €1,145,198 | +€310,762 | +37.2% |
| Plant, machinery and equipment | 23 | €3,014 | €2,191 | -€823 | -27.3% |
| Furniture and vehicles | 24 | €69,452 | €148,444 | +€78,992 | +113.7% |
| Other tangible fixed assets | 26 | €5,814 | €4,206 | -€1,609 | -27.7% |
| Current assets | 29/58 | €106,870 | €85,623 | -€21,247 | -19.9% |
| Stocks and contracts in progress | 3 | €39,465 | €43,607 | +€4,142 | +10.5% |
| Stocks | 30/36 | €39,465 | €43,607 | +€4,142 | +10.5% |
| Amounts receivable within one year | 40/41 | €40,039 | - | -€40,039 | |
| Trade receivables | 40 | €36,499 | - | -€36,499 | |
| Other amounts receivable | 41 | €3,540 | - | -€3,540 | |
| Cash at bank and in hand | 54/58 | €27,366 | €40,424 | +€13,058 | +47.7% |
| Deferred charges and accrued income | 490/1 | - | €1,592 | +€1,592 | |
| Total equity and liabilities | 10/49 | €1,019,587 | €1,385,661 | +€366,074 | +35.9% |
| Equity | 10/15 | €77,228 | €135,809 | +€58,581 | +75.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €104,999 | €132,809 | +€27,810 | +26.5% |
| Distributable reserves | 133 | €104,999 | €132,809 | +€27,810 | +26.5% |
| Profit (loss) carried forward | 14 | -€30,771 | - | +€30,771 | |
| Amounts payable | 17/49 | €942,358 | €1,249,852 | +€307,493 | +32.6% |
| Amounts payable after more than one year | 17 | €763,027 | €874,376 | +€111,349 | +14.6% |
| Financial debts | 170/4 | €763,027 | €745,781 | -€17,246 | -2.3% |
| Other amounts payable | 178/9 | - | €128,595 | +€128,595 | |
| Amounts payable within one year | 42/48 | €82,531 | €375,476 | +€292,944 | +354.9% |
| Current portion of amounts payable after more than one year | 42 | €20,514 | €76,918 | +€56,405 | +275.0% |
| Trade debts | 44 | €52,490 | €7,245 | -€45,245 | -86.2% |
| Suppliers | 440/4 | €52,490 | €4,192 | -€48,298 | -92.0% |
| Bills of exchange payable | 441 | - | €3,053 | +€3,053 | |
| Taxes, remuneration and social security | 45 | - | €20,537 | +€20,537 | |
| Taxes | 450/3 | - | €20,537 | +€20,537 | |
| Other amounts payable | 47/48 | €9,528 | €270,775 | +€261,247 | +2741.9% |
| Accrued charges and deferred income | 492/3 | €96,800 | - | -€96,800 | |
| Remuneration, social security and pensions | 62 | €8,028 | €6,114 | -€1,914 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,298 | €51,425 | +€22,127 | +75.5% |
| Other operating charges | 640/8 | €384 | €337 | -€47 | -12.2% |
| Gross operating margin | 9900 | €15,794 | €155,953 | +€140,159 | +887.4% |
| Operating profit (loss) | 9901 | -€21,916 | €98,077 | +€119,993 | |
| Financial income | 75/76B | €1,257 | €8 | -€1,249 | -99.3% |
| Recurring financial income | 75 | €19 | €8 | -€11 | -57.6% |
| Non-recurring financial income | 76B | €1,237 | - | -€1,237 | |
| Financial charges | 65/66B | €10,106 | €33,962 | +€23,856 | +236.0% |
| Recurring financial charges | 65 | €7,606 | €33,962 | +€26,356 | +346.5% |
| Non-recurring financial charges | 66B | €2,500 | - | -€2,500 | |
| Profit (loss) for the period before taxes | 9903 | -€30,765 | €64,124 | +€94,889 | |
| Income taxes | 67/77 | €6 | €3,877 | +€3,871 | +66403.6% |
| Profit (loss) for the period | 9904 | -€30,771 | €60,247 | +€91,017 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,771 | €60,247 | +€91,017 |
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.