THYNK: 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.
What changed
THYNK
NACE 58.290, Other software publishing
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€1.5m
2025 · -€3.6m+€2.1m
Equity
€9.7m
2025 · €11.2m-€1.5m
Cash
€3.0m
2025 · €8.0m-€5.1m
Balance sheet total
€12.8m
2025 · €13.6m-€797,214
Largest movements
Assets
- Cash -€5.1m
down €5.1m (-63.2%), from €8.0m to €3.0m
mainly Current investments (-€4.0m) and Net result for the year (-€1.5m)
- Current investments +€4.0m
up €4.0m, from €0 to €4.0m
- Intangible fixed assets +€350,707
up €350,707 (+13.0%), from €2.7m to €3.0m
Equity and liabilities
- Profit (loss) carried forward -€1.5m
down €1.5m (-18.5%), from -€8.2m to -€9.7m
- Accrued charges and deferred income +€638,761
up €638,761 (+41.2%), from €1.6m to €2.2m
Income statement
- Gross operating margin +€2.3m
up €2.3m (+79.0%), from -€2.9m to -€617,013
- Depreciation +€257,558
up €257,558 (+40.0%), from €644,573 to €902,131
From the 2025 result to the 2026 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.
Result 2025
-€3.6m
Gross operating margin
+€2.3m
Staff costs
-€841
Depreciation
-€257,558
Other operating charges
-€463
Other operating items
-€764
Financial income
+€13,674
Financial charges
+€4,027
Taxes
+€10,807
Result 2026
-€1.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€167,419
Investment
-€5.2m
Financing
+€15,000
Cash 2025
€8.0m
From operations (derived)
+€167,419
Net result for the year
-€1.5m
Depreciation
+€902,131
Receivables within one year
+€81,615
Smaller working-capital items
+€1,984
Trade debts
+€56,593
Accrued charges and deferred income
+€638,761
Investment (derived)
-€5.2m
Investment in fixed assets (net)
-€1.2m
Current investments
-€4.0m
Financing
+€15,000
Contributions, distributions and other
+€15,000
Cash 2026
€3.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,643,721 | €12,846,507 | -€797,214 | -5.8% |
| Fixed assets | 21/28 | €3,904,001 | €4,246,415 | +€342,414 | +8.8% |
| Intangible fixed assets | 21 | €2,690,129 | €3,040,836 | +€350,707 | +13.0% |
| Tangible fixed assets | 22/27 | €26,282 | €22,988 | -€3,293 | -12.5% |
| Furniture and vehicles | 24 | €26,282 | €22,988 | -€3,293 | -12.5% |
| Financial fixed assets | 28 | €1,187,590 | €1,182,590 | -€5,000 | -0.4% |
| Current assets | 29/58 | €9,739,720 | €8,600,092 | -€1.1m | -11.7% |
| Amounts receivable within one year | 40/41 | €1,560,562 | €1,478,948 | -€81,615 | -5.2% |
| Trade receivables | 40 | €886,873 | €1,032,264 | +€145,391 | +16.4% |
| Other amounts receivable | 41 | €673,689 | €446,684 | -€227,006 | -33.7% |
| Current investments | 50/53 | €0 | €4,000,000 | +€4.0m | |
| Cash at bank and in hand | 54/58 | €8,014,329 | €2,952,204 | -€5.1m | -63.2% |
| Deferred charges and accrued income | 490/1 | €164,829 | €168,941 | +€4,112 | +2.5% |
| Total equity and liabilities | 10/49 | €13,643,721 | €12,846,507 | -€797,214 | -5.8% |
| Equity | 10/15 | €11,239,346 | €9,740,682 | -€1.5m | -13.3% |
| Contributions | 10/11 | €19,434,667 | €19,449,667 | +€15,000 | +0.1% |
| Capital | 10 | €176,775 | €177,275 | +€500 | +0.3% |
| Issued capital | 100 | €176,775 | €177,275 | +€500 | +0.3% |
| Contributions outside capital | 11 | €19,257,892 | €19,272,392 | +€14,500 | +0.1% |
| Share premium | 1100/10 | €19,257,892 | €19,272,392 | +€14,500 | +0.1% |
| Profit (loss) carried forward | 14 | -€8,195,321 | -€9,708,984 | -€1.5m | -18.5% |
| Amounts payable | 17/49 | €2,404,375 | €3,105,825 | +€701,449 | +29.2% |
| Amounts payable within one year | 42/48 | €852,792 | €915,481 | +€62,689 | +7.4% |
| Trade debts | 44 | €526,441 | €583,033 | +€56,593 | +10.8% |
| Suppliers | 440/4 | €526,441 | €583,033 | +€56,593 | +10.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,814 | €4,981 | +€167 | +3.5% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €4,814 | €4,981 | +€167 | +3.5% |
| Other amounts payable | 47/48 | €321,538 | €327,466 | +€5,929 | +1.8% |
| Accrued charges and deferred income | 492/3 | €1,551,583 | €2,190,344 | +€638,761 | +41.2% |
| Remuneration, social security and pensions | 62 | €30,504 | €31,345 | +€841 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €644,573 | €902,131 | +€257,558 | +40.0% |
| Other operating charges | 640/8 | €536 | €998 | +€463 | +86.4% |
| Non-recurring operating charges | 66A | - | €764 | +€764 | |
| Gross operating margin | 9900 | -€2,939,986 | -€617,013 | +€2.3m | +79.0% |
| Operating profit (loss) | 9901 | -€3,615,599 | -€1,552,251 | +€2.1m | +57.1% |
| Financial income | 75/76B | €92,331 | €106,005 | +€13,674 | +14.8% |
| Recurring financial income | 75 | €92,331 | €106,005 | +€13,674 | +14.8% |
| Financial charges | 65/66B | €86,764 | €82,736 | -€4,027 | -4.6% |
| Recurring financial charges | 65 | €86,764 | €82,736 | -€4,027 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,610,032 | -€1,528,983 | +€2.1m | +57.6% |
| Income taxes | 67/77 | -€4,512 | -€15,319 | -€10,807 | -240% |
| Profit (loss) for the period | 9904 | -€3,605,520 | -€1,513,663 | +€2.1m | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,605,520 | -€1,513,663 | +€2.1m | +58.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.