THUNDER SERVICES: 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.
THUNDER SERVICES
Largest movements
- Receivables within one year -€86,208
down €86,208 (-31.3%), from €275,716 to €189,509
of which Trade receivables: -€53,027
- Deferred charges and accrued income +€5,164
new in 2025: €5,164
- Cash +€4,527
up €4,527 (+265.6%), from €1,705 to €6,231
mainly Receivables within one year (+€86,208) and Net result for the year (+€22,151)
- Trade debts -€88,142
down €88,142 (-96.7%), from €91,122 to €2,980
- Profit (loss) carried forward +€22,151
up €22,151 (+13.0%), from €170,773 to €192,924
- Tax, wage and social debts -€10,686
no longer reported in 2025 (was €10,686)
- Gross operating margin +€66,733
up €66,733 (+273.9%), from €24,361 to €91,094
- Financial charges +€60,171
up €60,171 (+1314.0%), from €4,579 to €64,751
of which Non-recurring financial charges: +€38,810
- Taxes -€7,013
down €7,013 (-73.2%), from €9,586 to €2,572
- Other operating charges -€4,139
down €4,139 (-86.6%), from €4,777 to €638
- Depreciation -€1,539
down €1,539 (-90.6%), from €1,699 to €160
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 | €277,581 | €200,904 | -€76,676 | -27.6% |
| Fixed assets | 21/28 | €160 | - | -€160 | |
| Tangible fixed assets | 22/27 | €160 | - | -€160 | |
| Furniture and vehicles | 24 | €160 | - | -€160 | |
| Current assets | 29/58 | €277,421 | €200,904 | -€76,516 | -27.6% |
| Amounts receivable within one year | 40/41 | €275,716 | €189,509 | -€86,208 | -31.3% |
| Trade receivables | 40 | €54,527 | €1,500 | -€53,027 | -97.2% |
| Other amounts receivable | 41 | €221,189 | €188,009 | -€33,180 | -15.0% |
| Cash at bank and in hand | 54/58 | €1,705 | €6,231 | +€4,527 | +265.6% |
| Deferred charges and accrued income | 490/1 | - | €5,164 | +€5,164 | |
| Total equity and liabilities | 10/49 | €277,581 | €200,904 | -€76,676 | -27.6% |
| Equity | 10/15 | €175,773 | €197,924 | +€22,151 | +12.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,773 | €192,924 | +€22,151 | +13.0% |
| Amounts payable | 17/49 | €101,808 | €2,980 | -€98,828 | -97.1% |
| Amounts payable within one year | 42/48 | €101,808 | €2,980 | -€98,828 | -97.1% |
| Trade debts | 44 | €91,122 | €2,980 | -€88,142 | -96.7% |
| Suppliers | 440/4 | €91,122 | €2,980 | -€88,142 | -96.7% |
| Taxes, remuneration and social security | 45 | €10,686 | - | -€10,686 | |
| Taxes | 450/3 | €10,686 | - | -€10,686 | |
| Remuneration, social security and pensions | 62 | - | €821 | +€821 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,699 | €160 | -€1,539 | -90.6% |
| Other operating charges | 640/8 | €4,777 | €638 | -€4,139 | -86.6% |
| Gross operating margin | 9900 | €24,361 | €91,094 | +€66,733 | +273.9% |
| Operating profit (loss) | 9901 | €17,884 | €89,474 | +€71,590 | +400.3% |
| Financial income | 75/76B | €226 | - | -€226 | |
| Recurring financial income | 75 | €226 | - | -€226 | |
| Financial charges | 65/66B | €4,579 | €64,751 | +€60,171 | +1314.0% |
| Recurring financial charges | 65 | €2,380 | €23,741 | +€21,361 | +897.7% |
| Non-recurring financial charges | 66B | €2,200 | €41,010 | +€38,810 | +1764.2% |
| Profit (loss) for the period before taxes | 9903 | €13,530 | €24,723 | +€11,193 | +82.7% |
| Income taxes | 67/77 | €9,586 | €2,572 | -€7,013 | -73.2% |
| Profit (loss) for the period | 9904 | €3,945 | €22,151 | +€18,206 | +461.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,945 | €22,151 | +€18,206 | +461.5% |
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 3 October 2026 via checked.be.