T.G.H.: what changed
What changed
T.G.H.
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€637,451
2024 · €626,507+€10,944
Equity
€2.2m
2024 · €2.6m-€362,549
Cash
€93,868
2024 · €58,140+€35,728
Balance sheet total
€5.9m
2024 · €5.9m+€850
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€847,391
up €847,391 (+33,627%), from €2,520 to €849,911
- Debts after one year -€600,000
down €600,000 (-18.8%), from €3.2m to €2.6m
- Profit (loss) carried forward -€362,549
down €362,549 (-33.2%), from €1.1m to €729,200
- Tax, wage and social debts +€117,218
up €117,218 (+117%), from €100,190 to €217,408
of which Taxes: +€116,903
Income statement
- Financial income -€50,413
down €50,413 (-7.5%), from €675,781 to €625,368
- Taxes -€41,774
down €41,774 (-92.8%), from €44,999 to €3,225
- Gross operating margin +€19,326
up €19,326 (+69.2%), from €27,945 to €47,271
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.
Result 2024
€626,507
Gross operating margin
+€19,326
Other operating charges
-€31
Financial income
-€50,413
Financial charges
+€289
Taxes
+€41,774
Result 2025
€637,451
raises the resultlowers the result
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.
From operations
+€1.6m
Investment
+€50,000
Financing
-€1.6m
Cash 2024
€58,140
From operations (derived)
+€1.6m
Net result for the year
+€637,451
Receivables within one year
-€15,122
Trade debts
-€6,769
Tax, wage and social debts
+€117,218
Other debts
+€847,391
Accrued charges and deferred income
+€5,558
Investment (derived)
+€50,000
Current investments
+€50,000
Financing
-€1.6m
Debts after one year
-€600,000
Contributions, distributions and other
-€1.0m
Cash 2025
€93,868
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,905,536 | €5,906,386 | +€850 | 0.0% |
| Fixed assets | 21/28 | €5,780,000 | €5,780,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,780,000 | €5,780,000 | = | 0.0% |
| Current assets | 29/58 | €125,536 | €126,386 | +€850 | +0.7% |
| Amounts receivable within one year | 40/41 | €17,396 | €32,519 | +€15,122 | +86.9% |
| Trade receivables | 40 | €17,162 | €32,111 | +€14,949 | +87.1% |
| Other amounts receivable | 41 | €234 | €408 | +€173 | +73.9% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €58,140 | €93,868 | +€35,728 | +61.5% |
| Total equity and liabilities | 10/49 | €5,905,536 | €5,906,386 | +€850 | 0.0% |
| Equity | 10/15 | €2,581,749 | €2,219,200 | -€362,549 | -14.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,470,000 | €1,470,000 | = | 0.0% |
| Distributable reserves | 133 | €1,470,000 | €1,470,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,091,749 | €729,200 | -€362,549 | -33.2% |
| Amounts payable | 17/49 | €3,323,787 | €3,687,186 | +€363,399 | +10.9% |
| Amounts payable after more than one year | 17 | €3,195,000 | €2,595,000 | -€600,000 | -18.8% |
| Financial debts | 170/4 | €3,195,000 | €2,595,000 | -€600,000 | -18.8% |
| Amounts payable within one year | 42/48 | €109,478 | €1,067,319 | +€957,841 | +875% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,769 | €0 | -€6,769 | -100% |
| Suppliers | 440/4 | €6,769 | - | -€6,769 | |
| Taxes, remuneration and social security | 45 | €100,190 | €217,408 | +€117,218 | +117% |
| Taxes | 450/3 | €95,340 | €212,242 | +€116,903 | +123% |
| Remuneration and social security | 454/9 | €4,850 | €5,166 | +€316 | +6.5% |
| Other amounts payable | 47/48 | €2,520 | €849,911 | +€847,391 | +33,627% |
| Accrued charges and deferred income | 492/3 | €19,309 | €24,867 | +€5,558 | +28.8% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €27,945 | €47,271 | +€19,326 | +69.2% |
| Operating profit (loss) | 9901 | €26,978 | €46,272 | +€19,295 | +71.5% |
| Financial income | 75/76B | €675,781 | €625,368 | -€50,413 | -7.5% |
| Recurring financial income | 75 | €675,781 | €625,368 | -€50,413 | -7.5% |
| Financial charges | 65/66B | €31,253 | €30,964 | -€289 | -0.9% |
| Recurring financial charges | 65 | €31,253 | €30,964 | -€289 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €671,506 | €640,677 | -€30,830 | -4.6% |
| Income taxes | 67/77 | €44,999 | €3,225 | -€41,774 | -92.8% |
| Profit (loss) for the period | 9904 | €626,507 | €637,451 | +€10,944 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €626,507 | €637,451 | +€10,944 | +1.7% |
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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 3 November 2026 via checked.be.