THISEAS: 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.
THISEAS
Largest movements
- Cash +€13,302
up €13,302 (+70.4%), from €18,898 to €32,200
mainly Net result for the year (+€17,180) and Receivables within one year (+€4,399)
- Receivables within one year -€4,399
down €4,399 (-28.7%), from €15,328 to €10,929
of which Trade receivables: -€5,442
- Profit (loss) carried forward +€17,180
up €17,180 (+99.8%), from €17,207 to €34,386
- Trade debts -€7,710
down €7,710 (-89.7%), from €8,598 to €887
- Gross operating margin -€14,132
down €14,132 (-43.7%), from €32,313 to €18,181
- Taxes -€8,029
no longer reported in 2025 (was €8,029)
- Depreciation -€771
down €771 (-60.7%), from €1,269 to €498
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 | €35,649 | €44,677 | +€9,027 | +25.3% |
| Fixed assets | 21/28 | €1,313 | €1,433 | +€121 | +9.2% |
| Tangible fixed assets | 22/27 | €1,313 | €1,433 | +€121 | +9.2% |
| Furniture and vehicles | 24 | €1,313 | €1,433 | +€121 | +9.2% |
| Current assets | 29/58 | €34,337 | €43,244 | +€8,907 | +25.9% |
| Amounts receivable within one year | 40/41 | €15,328 | €10,929 | -€4,399 | -28.7% |
| Trade receivables | 40 | €5,442 | - | -€5,442 | |
| Other amounts receivable | 41 | €9,886 | €10,929 | +€1,043 | +10.5% |
| Cash at bank and in hand | 54/58 | €18,898 | €32,200 | +€13,302 | +70.4% |
| Deferred charges and accrued income | 490/1 | €111 | €115 | +€4 | +3.7% |
| Total equity and liabilities | 10/49 | €35,649 | €44,677 | +€9,027 | +25.3% |
| Equity | 10/15 | €24,707 | €41,886 | +€17,180 | +69.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,207 | €34,386 | +€17,180 | +99.8% |
| Amounts payable | 17/49 | €10,943 | €2,790 | -€8,152 | -74.5% |
| Amounts payable within one year | 42/48 | €10,943 | €2,790 | -€8,152 | -74.5% |
| Trade debts | 44 | €8,598 | €887 | -€7,710 | -89.7% |
| Suppliers | 440/4 | €8,598 | €887 | -€7,710 | -89.7% |
| Taxes, remuneration and social security | 45 | €2,345 | €1,903 | -€442 | -18.8% |
| Taxes | 450/3 | €2,345 | €1,903 | -€442 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,269 | €498 | -€771 | -60.7% |
| Other operating charges | 640/8 | €623 | €475 | -€148 | -23.7% |
| Gross operating margin | 9900 | €32,313 | €18,181 | -€14,132 | -43.7% |
| Operating profit (loss) | 9901 | €30,421 | €17,208 | -€13,214 | -43.4% |
| Financial income | 75/76B | €2 | €8 | +€5 | +239.6% |
| Recurring financial income | 75 | €2 | €8 | +€5 | +239.6% |
| Financial charges | 65/66B | €188 | €36 | -€152 | -81.1% |
| Recurring financial charges | 65 | €188 | €36 | -€152 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | €30,236 | €17,180 | -€13,056 | -43.2% |
| Income taxes | 67/77 | €8,029 | - | -€8,029 | |
| Profit (loss) for the period | 9904 | €22,207 | €17,180 | -€5,027 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,207 | €17,180 | -€5,027 | -22.6% |
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 8 October 2026 via checked.be.