T.H. Consulting: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
T.H. Consulting
Largest movements
- Cash +€48,570
up €48,570 (+191%), from €25,390 to €73,959
mainly Net result for the year (+€72,170) and Depreciation (+€36,220)
- Tangible fixed assets -€36,220
down €36,220 (-5.8%), from €621,043 to €584,823
of which Furniture and vehicles: -€18,845
- Receivables within one year -€22,935
down €22,935 (-81.0%), from €28,326 to €5,391
of which Trade receivables: -€23,326
- Current investments -€18,710
down €18,710 (-23.0%), from €81,185 to €62,475
- Reserves +€31,706
up €31,706 (+8.5%), from €372,228 to €403,934
of which Distributable reserves: +€31,706
- Debts after one year -€22,714
down €22,714 (-7.1%), from €319,038 to €296,324
- Contributions -€20,000
down €20,000 (-100%), from €20,000 to €0
- Current portion of long-term debt -€14,563
down €14,563 (-39.1%), from €37,277 to €22,714
- Financial charges -€4,626
down €4,626 (-59.3%), from €7,797 to €3,171
- Financial income +€4,146
up €4,146 (+130%), from €3,177 to €7,323
- Gross operating margin -€3,806
down €3,806 (-2.7%), from €139,621 to €135,815
- Other operating charges -€1,425
down €1,425 (-54.5%), from €2,617 to €1,192
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 | €757,226 | €727,963 | -€29,263 | -3.9% |
| Fixed assets | 21/28 | €621,043 | €584,823 | -€36,220 | -5.8% |
| Tangible fixed assets | 22/27 | €621,043 | €584,823 | -€36,220 | -5.8% |
| Land and buildings | 22 | €595,796 | €578,421 | -€17,375 | -2.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €25,247 | €6,402 | -€18,845 | -74.6% |
| Current assets | 29/58 | €136,184 | €143,140 | +€6,956 | +5.1% |
| Amounts receivable within one year | 40/41 | €28,326 | €5,391 | -€22,935 | -81.0% |
| Trade receivables | 40 | €28,085 | €4,758 | -€23,326 | -83.1% |
| Other amounts receivable | 41 | €241 | €632 | +€391 | +162% |
| Current investments | 50/53 | €81,185 | €62,475 | -€18,710 | -23.0% |
| Cash at bank and in hand | 54/58 | €25,390 | €73,959 | +€48,570 | +191% |
| Deferred charges and accrued income | 490/1 | €1,283 | €1,314 | +€31 | +2.5% |
| Total equity and liabilities | 10/49 | €757,226 | €727,963 | -€29,263 | -3.9% |
| Equity | 10/15 | €392,228 | €403,934 | +€11,706 | +3.0% |
| Contributions | 10/11 | €20,000 | €0 | -€20,000 | -100% |
| Reserves | 13 | €372,228 | €403,934 | +€31,706 | +8.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €372,228 | €403,934 | +€31,706 | +8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €364,999 | €324,029 | -€40,970 | -11.2% |
| Amounts payable after more than one year | 17 | €319,038 | €296,324 | -€22,714 | -7.1% |
| Financial debts | 170/4 | €319,038 | €296,324 | -€22,714 | -7.1% |
| Amounts payable within one year | 42/48 | €45,381 | €26,112 | -€19,269 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €37,277 | €22,714 | -€14,563 | -39.1% |
| Trade debts | 44 | €833 | €149 | -€684 | -82.2% |
| Suppliers | 440/4 | €833 | €149 | -€684 | -82.2% |
| Taxes, remuneration and social security | 45 | €2,271 | €373 | -€1,897 | -83.6% |
| Taxes | 450/3 | €2,271 | €373 | -€1,897 | -83.6% |
| Other amounts payable | 47/48 | €5,001 | €2,876 | -€2,124 | -42.5% |
| Accrued charges and deferred income | 492/3 | €579 | €1,592 | +€1,013 | +175% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,670 | €36,220 | -€450 | -1.2% |
| Other operating charges | 640/8 | €2,617 | €1,192 | -€1,425 | -54.5% |
| Gross operating margin | 9900 | €139,621 | €135,815 | -€3,806 | -2.7% |
| Operating profit (loss) | 9901 | €100,334 | €98,403 | -€1,931 | -1.9% |
| Financial income | 75/76B | €3,177 | €7,323 | +€4,146 | +130% |
| Recurring financial income | 75 | €3,177 | €7,323 | +€4,146 | +130% |
| Financial charges | 65/66B | €7,797 | €3,171 | -€4,626 | -59.3% |
| Recurring financial charges | 65 | €7,797 | €3,171 | -€4,626 | -59.3% |
| Profit (loss) for the period before taxes | 9903 | €95,715 | €102,556 | +€6,841 | +7.1% |
| Income taxes | 67/77 | €29,700 | €30,386 | +€686 | +2.3% |
| Profit (loss) for the period | 9904 | €66,015 | €72,170 | +€6,155 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,015 | €72,170 | +€6,155 | +9.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.