THREATLESS: what changed
THREATLESS
Largest movements
- Receivables within one year +€21,186
up €21,186 (+36.5%), from €57,986 to €79,172
of which Other amounts receivable: +€17,384
- Tangible fixed assets -€6,513
down €6,513 (-26.4%), from €24,679 to €18,166
- Cash +€2,071
up €2,071 (+11.5%), from €18,032 to €20,103
mainly Trade debts (+€22,639) and Depreciation (+€6,785)
- Deferred charges and accrued income -€1,304
no longer reported in 2025 (was €1,304)
- Trade debts +€22,639
up €22,639 (+74.4%), from €30,411 to €53,050
- Tax, wage and social debts -€13,006
down €13,006 (-86.5%), from €15,032 to €2,027
of which Remuneration and social security: -€7,500
- Profit (loss) carried forward +€3,550
up €3,550 (+6.8%), from €51,868 to €55,418
- Other debts +€2,257
up €2,257 (+83.9%), from €2,690 to €4,946
- Gross operating margin -€20,978
down €20,978 (-35.9%), from €58,359 to €37,381
- Taxes -€4,971
down €4,971 (-71.0%), from €6,998 to €2,027
- Staff costs +€2,054
up €2,054 (+9.0%), from €22,759 to €24,813
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 | €102,001 | €117,441 | +€15,440 | +15.1% |
| Fixed assets | 21/28 | €24,679 | €18,166 | -€6,513 | -26.4% |
| Tangible fixed assets | 22/27 | €24,679 | €18,166 | -€6,513 | -26.4% |
| Furniture and vehicles | 24 | €24,679 | €18,166 | -€6,513 | -26.4% |
| Current assets | 29/58 | €77,322 | €99,275 | +€21,953 | +28.4% |
| Amounts receivable within one year | 40/41 | €57,986 | €79,172 | +€21,186 | +36.5% |
| Trade receivables | 40 | €57,986 | €61,787 | +€3,801 | +6.6% |
| Other amounts receivable | 41 | - | €17,384 | +€17,384 | |
| Cash at bank and in hand | 54/58 | €18,032 | €20,103 | +€2,071 | +11.5% |
| Deferred charges and accrued income | 490/1 | €1,304 | - | -€1,304 | |
| Total equity and liabilities | 10/49 | €102,001 | €117,441 | +€15,440 | +15.1% |
| Equity | 10/15 | €53,868 | €57,418 | +€3,550 | +6.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,868 | €55,418 | +€3,550 | +6.8% |
| Amounts payable | 17/49 | €48,133 | €60,023 | +€11,890 | +24.7% |
| Amounts payable within one year | 42/48 | €48,133 | €60,023 | +€11,890 | +24.7% |
| Trade debts | 44 | €30,411 | €53,050 | +€22,639 | +74.4% |
| Suppliers | 440/4 | €30,411 | €53,050 | +€22,639 | +74.4% |
| Taxes, remuneration and social security | 45 | €15,032 | €2,027 | -€13,006 | -86.5% |
| Taxes | 450/3 | €7,532 | €2,027 | -€5,506 | -73.1% |
| Remuneration and social security | 454/9 | €7,500 | - | -€7,500 | |
| Other amounts payable | 47/48 | €2,690 | €4,946 | +€2,257 | +83.9% |
| Remuneration, social security and pensions | 62 | €22,759 | €24,813 | +€2,054 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,710 | €6,785 | +€75 | +1.1% |
| Other operating charges | 640/8 | €25 | €117 | +€92 | +375% |
| Gross operating margin | 9900 | €58,359 | €37,381 | -€20,978 | -35.9% |
| Operating profit (loss) | 9901 | €28,865 | €5,666 | -€23,199 | -80.4% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €41 | €93 | +€52 | +127% |
| Recurring financial charges | 65 | €41 | €93 | +€52 | +127% |
| Profit (loss) for the period before taxes | 9903 | €28,824 | €5,577 | -€23,247 | -80.7% |
| Income taxes | 67/77 | €6,998 | €2,027 | -€4,971 | -71.0% |
| Profit (loss) for the period | 9904 | €21,826 | €3,550 | -€18,276 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,826 | €3,550 | -€18,276 | -83.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.