thus.: 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.
thus.
Largest movements
- Cash +€45,480
up €45,480 (+1330.2%), from €3,419 to €48,899
mainly Net result for the year (+€32,200) and Tax, wage and social debts (+€10,466)
- Receivables within one year -€10,296
down €10,296 (-45.4%), from €22,671 to €12,375
of which Trade receivables: -€7,187
- Deferred charges and accrued income -€1,684
no longer reported in 2025 (was €1,684)
- Reserves +€33,890
up €33,890 (+338.9%), from €10,000 to €43,890
- Tax, wage and social debts +€10,466
up €10,466 (+263.3%), from €3,975 to €14,441
- Other debts -€8,654
no longer reported in 2025 (was €8,654)
- Profit (loss) carried forward -€1,690
down €1,690 (-77.1%), from €2,191 to €502
- Gross operating margin +€35,553
up €35,553 (+331.1%), from €10,738 to €46,291
- Taxes +€6,154
up €6,154 (+183.6%), from €3,352 to €9,505
- Financial charges +€651
up €651 (+224.0%), from €291 to €941
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 | €33,543 | €67,319 | +€33,776 | +100.7% |
| Fixed assets | 21/28 | €5,769 | €6,045 | +€276 | +4.8% |
| Tangible fixed assets | 22/27 | €5,769 | €6,045 | +€276 | +4.8% |
| Plant, machinery and equipment | 23 | €163 | - | -€163 | |
| Furniture and vehicles | 24 | €2,869 | €1,929 | -€940 | -32.8% |
| Other tangible fixed assets | 26 | €2,737 | €4,117 | +€1,380 | +50.4% |
| Current assets | 29/58 | €27,775 | €61,274 | +€33,500 | +120.6% |
| Amounts receivable within one year | 40/41 | €22,671 | €12,375 | -€10,296 | -45.4% |
| Trade receivables | 40 | €16,562 | €9,375 | -€7,187 | -43.4% |
| Other amounts receivable | 41 | €6,109 | €3,000 | -€3,109 | -50.9% |
| Cash at bank and in hand | 54/58 | €3,419 | €48,899 | +€45,480 | +1330.2% |
| Deferred charges and accrued income | 490/1 | €1,684 | - | -€1,684 | |
| Total equity and liabilities | 10/49 | €33,543 | €67,319 | +€33,776 | +100.7% |
| Equity | 10/15 | €19,691 | €51,892 | +€32,200 | +163.5% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €10,000 | €43,890 | +€33,890 | +338.9% |
| Distributable reserves | 133 | €10,000 | €43,890 | +€33,890 | +338.9% |
| Profit (loss) carried forward | 14 | €2,191 | €502 | -€1,690 | -77.1% |
| Amounts payable | 17/49 | €13,852 | €15,428 | +€1,576 | +11.4% |
| Amounts payable within one year | 42/48 | €13,852 | €15,428 | +€1,576 | +11.4% |
| Trade debts | 44 | €1,223 | €987 | -€236 | -19.3% |
| Suppliers | 440/4 | €1,223 | €987 | -€236 | -19.3% |
| Taxes, remuneration and social security | 45 | €3,975 | €14,441 | +€10,466 | +263.3% |
| Taxes | 450/3 | €3,975 | €14,441 | +€10,466 | +263.3% |
| Other amounts payable | 47/48 | €8,654 | - | -€8,654 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,115 | €2,265 | +€149 | +7.0% |
| Other operating charges | 640/8 | €1,162 | €1,386 | +€224 | +19.3% |
| Gross operating margin | 9900 | €10,738 | €46,291 | +€35,553 | +331.1% |
| Operating profit (loss) | 9901 | €7,461 | €42,640 | +€35,179 | +471.5% |
| Financial income | 75/76B | €1 | €7 | +€6 | +556.0% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +556.0% |
| Financial charges | 65/66B | €291 | €941 | +€651 | +224.0% |
| Recurring financial charges | 65 | €291 | €941 | +€651 | +224.0% |
| Profit (loss) for the period before taxes | 9903 | €7,172 | €41,706 | +€34,534 | +481.5% |
| Income taxes | 67/77 | €3,352 | €9,505 | +€6,154 | +183.6% |
| Profit (loss) for the period | 9904 | €3,820 | €32,200 | +€28,380 | +742.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,820 | €32,200 | +€28,380 | +742.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.