THUNDER TRADE ENTERPRISES: what changed
THUNDER TRADE ENTERPRISES
Largest movements
- Cash -€52,574
down €52,574 (-99.1%), from €53,040 to €466
mainly Other debts (-€55,426) and Advances received (-€39,411)
- Receivables within one year -€1,488
down €1,488 (-25.6%), from €5,803 to €4,316
of which Other amounts receivable: -€3,967
- Debts after one year +€81,870
new in 2025: €81,870
- Other debts -€55,426
down €55,426 (-100%), from €55,426 to €0
- Advances received -€39,411
down €39,411 (-98.5%), from €40,000 to €589
- Profit (loss) carried forward -€38,922
down €38,922 (-82.7%), from -€47,043 to -€85,965
- Trade debts -€2,041
down €2,041 (-13.6%), from €15,015 to €12,975
- Gross operating margin +€6,119
up €6,119 (+14.0%), from -€43,625 to -€37,506
- Depreciation -€2,249
down €2,249 (-78.6%), from €2,860 to €611
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,399 | €19,469 | -€53,930 | -73.5% |
| Fixed assets | 21/28 | €945 | €1,077 | +€132 | +14.0% |
| Tangible fixed assets | 22/27 | €945 | €1,077 | +€132 | +14.0% |
| Furniture and vehicles | 24 | €945 | €1,077 | +€132 | +14.0% |
| Current assets | 29/58 | €72,454 | €18,392 | -€54,062 | -74.6% |
| Stocks and contracts in progress | 3 | €13,610 | €13,610 | = | 0.0% |
| Stocks | 30/36 | €13,610 | €13,610 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,803 | €4,316 | -€1,488 | -25.6% |
| Trade receivables | 40 | €1,067 | €3,546 | +€2,479 | +232% |
| Other amounts receivable | 41 | €4,736 | €770 | -€3,967 | -83.7% |
| Cash at bank and in hand | 54/58 | €53,040 | €466 | -€52,574 | -99.1% |
| Total equity and liabilities | 10/49 | €73,399 | €19,469 | -€53,930 | -73.5% |
| Equity | 10/15 | -€37,043 | -€75,965 | -€38,922 | -105% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,043 | -€85,965 | -€38,922 | -82.7% |
| Amounts payable | 17/49 | €110,441 | €95,434 | -€15,008 | -13.6% |
| Amounts payable after more than one year | 17 | - | €81,870 | +€81,870 | |
| Financial debts | 170/4 | - | €81,870 | +€81,870 | |
| Amounts payable within one year | 42/48 | €110,441 | €13,564 | -€96,878 | -87.7% |
| Trade debts | 44 | €15,015 | €12,975 | -€2,041 | -13.6% |
| Suppliers | 440/4 | €15,015 | €12,975 | -€2,041 | -13.6% |
| Advances received on contracts in progress | 46 | €40,000 | €589 | -€39,411 | -98.5% |
| Other amounts payable | 47/48 | €55,426 | €0 | -€55,426 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,860 | €611 | -€2,249 | -78.6% |
| Other operating charges | 640/8 | €387 | €520 | +€132 | +34.2% |
| Gross operating margin | 9900 | -€43,625 | -€37,506 | +€6,119 | +14.0% |
| Operating profit (loss) | 9901 | -€46,872 | -€38,636 | +€8,235 | +17.6% |
| Financial income | 75/76B | €21 | €1 | -€21 | -96.3% |
| Recurring financial income | 75 | €21 | €1 | -€21 | -96.3% |
| Financial charges | 65/66B | €192 | €287 | +€94 | +49.0% |
| Recurring financial charges | 65 | €192 | €287 | +€94 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | -€47,043 | -€38,922 | +€8,120 | +17.3% |
| Profit (loss) for the period | 9904 | -€47,043 | -€38,922 | +€8,120 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,043 | -€38,922 | +€8,120 | +17.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.