THUNDER NETWORK SYSTEMS: 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.
THUNDER NETWORK SYSTEMS
Largest movements
- Receivables within one year +€17,126
up €17,126 (+1879.4%), from €911 to €18,037
of which Trade receivables: +€17,600
- Cash -€4,190
down €4,190 (-20.7%), from €20,221 to €16,030
mainly Receivables within one year (-€17,126) and Net result for the year (-€2,213)
- Tax, wage and social debts +€14,886
new in 2025: €14,886
of which Remuneration and social security: +€9,968
- Profit (loss) carried forward -€2,213
down €2,213, from €180 to -€2,033
- Trade debts +€739
up €739 (+1027.7%), from €72 to €810
- Other debts -€487
down €487 (-39.0%), from €1,247 to €761
- Gross operating margin +€5,049
up €5,049 (+78.7%), from -€6,412 to -€1,363
- Staff costs -€1,752
no longer reported in 2025 (was €1,752)
- Depreciation +€100
up €100 (+136.1%), from €73 to €173
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 | €21,960 | €34,884 | +€12,924 | +58.9% |
| Fixed assets | 21/28 | €511 | €560 | +€49 | +9.5% |
| Tangible fixed assets | 22/27 | €446 | €273 | -€173 | -38.8% |
| Furniture and vehicles | 24 | €446 | €273 | -€173 | -38.8% |
| Financial fixed assets | 28 | €65 | €287 | +€222 | +341.5% |
| Current assets | 29/58 | €21,448 | €34,324 | +€12,875 | +60.0% |
| Amounts receivable within one year | 40/41 | €911 | €18,037 | +€17,126 | +1879.4% |
| Trade receivables | 40 | €405 | €18,005 | +€17,600 | +4345.1% |
| Other amounts receivable | 41 | €506 | €32 | -€474 | -93.6% |
| Cash at bank and in hand | 54/58 | €20,221 | €16,030 | -€4,190 | -20.7% |
| Deferred charges and accrued income | 490/1 | €316 | €256 | -€60 | -19.0% |
| Total equity and liabilities | 10/49 | €21,960 | €34,884 | +€12,924 | +58.9% |
| Equity | 10/15 | €20,640 | €18,427 | -€2,213 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180 | -€2,033 | -€2,213 | |
| Amounts payable | 17/49 | €1,319 | €16,457 | +€15,137 | +1147.4% |
| Amounts payable within one year | 42/48 | €1,319 | €16,457 | +€15,137 | +1147.4% |
| Trade debts | 44 | €72 | €810 | +€739 | +1027.7% |
| Suppliers | 440/4 | €72 | €810 | +€739 | +1027.7% |
| Taxes, remuneration and social security | 45 | - | €14,886 | +€14,886 | |
| Taxes | 450/3 | - | €4,918 | +€4,918 | |
| Remuneration and social security | 454/9 | - | €9,968 | +€9,968 | |
| Other amounts payable | 47/48 | €1,247 | €761 | -€487 | -39.0% |
| Remuneration, social security and pensions | 62 | €1,752 | - | -€1,752 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73 | €173 | +€100 | +136.1% |
| Other operating charges | 640/8 | €394 | €407 | +€13 | +3.4% |
| Gross operating margin | 9900 | -€6,412 | -€1,363 | +€5,049 | +78.7% |
| Operating profit (loss) | 9901 | -€8,632 | -€1,944 | +€6,688 | +77.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.1% |
| Financial charges | 65/66B | €124 | €137 | +€13 | +10.5% |
| Recurring financial charges | 65 | €124 | €137 | +€13 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,756 | -€2,081 | +€6,675 | +76.2% |
| Income taxes | 67/77 | €164 | €133 | -€31 | -19.1% |
| Profit (loss) for the period | 9904 | -€8,920 | -€2,213 | +€6,706 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,920 | -€2,213 | +€6,706 | +75.2% |
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 10 October 2026 via checked.be.