T.H.D. CONSULT: 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.
T.H.D. CONSULT
Largest movements
- Receivables within one year -€48,659
down €48,659 (-92.7%), from €52,510 to €3,851
of which Trade receivables: -€48,659
- Cash +€17,692
up €17,692 (+79.3%), from €22,301 to €39,992
mainly Receivables within one year (+€48,659) and Net result for the year (+€14,287)
- Reserves -€20,000
no longer reported in 2025 (was €20,000)
- Profit (loss) carried forward -€9,999
down €9,999 (-42.0%), from €23,779 to €13,780
- Other debts -€5,554
down €5,554 (-85.9%), from €6,464 to €911
- Tax, wage and social debts +€2,857
up €2,857 (+31.5%), from €9,073 to €11,930
of which Taxes: +€7,337
- Trade debts +€1,356
up €1,356 (+1,615%), from €84 to €1,440
- Gross operating margin +€11,066
up €11,066 (+81.0%), from €13,654 to €24,720
- Taxes +€2,385
up €2,385 (+36.1%), from €6,615 to €9,000
- Depreciation -€534
down €534 (-46.4%), from €1,151 to €618
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.
Derived cash bridge
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 | €77,993 | €46,653 | -€31,339 | -40.2% |
| Fixed assets | 21/28 | €2,796 | €2,179 | -€618 | -22.1% |
| Tangible fixed assets | 22/27 | €2,796 | €2,179 | -€618 | -22.1% |
| Furniture and vehicles | 24 | €299 | - | -€299 | |
| Other tangible fixed assets | 26 | €2,497 | €2,179 | -€318 | -12.7% |
| Current assets | 29/58 | €75,196 | €44,474 | -€30,722 | -40.9% |
| Amounts receivable within one year | 40/41 | €52,510 | €3,851 | -€48,659 | -92.7% |
| Trade receivables | 40 | €52,439 | €3,780 | -€48,659 | -92.8% |
| Other amounts receivable | 41 | €71 | €71 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,301 | €39,992 | +€17,692 | +79.3% |
| Deferred charges and accrued income | 490/1 | €385 | €631 | +€246 | +63.8% |
| Total equity and liabilities | 10/49 | €77,993 | €46,653 | -€31,339 | -40.2% |
| Equity | 10/15 | €62,371 | €32,372 | -€29,999 | -48.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €20,000 | - | -€20,000 | |
| Distributable reserves | 133 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | €23,779 | €13,780 | -€9,999 | -42.0% |
| Amounts payable | 17/49 | €15,622 | €14,281 | -€1,341 | -8.6% |
| Amounts payable within one year | 42/48 | €15,622 | €14,281 | -€1,341 | -8.6% |
| Trade debts | 44 | €84 | €1,440 | +€1,356 | +1,615% |
| Suppliers | 440/4 | €84 | €1,440 | +€1,356 | +1,615% |
| Taxes, remuneration and social security | 45 | €9,073 | €11,930 | +€2,857 | +31.5% |
| Taxes | 450/3 | €4,593 | €11,930 | +€7,337 | +160% |
| Remuneration and social security | 454/9 | €4,480 | - | -€4,480 | |
| Other amounts payable | 47/48 | €6,464 | €911 | -€5,554 | -85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,151 | €618 | -€534 | -46.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €13,654 | €24,720 | +€11,066 | +81.0% |
| Operating profit (loss) | 9901 | €12,115 | €23,702 | +€11,587 | +95.6% |
| Financial income | 75/76B | €84 | - | -€84 | |
| Recurring financial income | 75 | €84 | - | -€84 | |
| Financial charges | 65/66B | €550 | €415 | -€135 | -24.6% |
| Recurring financial charges | 65 | €550 | €415 | -€135 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €11,649 | €23,287 | +€11,639 | +99.9% |
| Income taxes | 67/77 | €6,615 | €9,000 | +€2,385 | +36.1% |
| Profit (loss) for the period | 9904 | €5,034 | €14,287 | +€9,253 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €5,034 | €14,287 | +€9,253 | +184% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.