T & H IT SERVICES: 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 IT SERVICES
Largest movements
- Cash -€18,772
down €18,772 (-33.6%), from €55,809 to €37,037
mainly Contributions, distributions and other (-€17,143) and Investment in fixed assets (net) (-€14,925)
- Tangible fixed assets +€11,743
up €11,743 (+112%), from €10,511 to €22,254
of which Furniture and vehicles: +€7,189
- Receivables within one year -€2,696
down €2,696 (-5.5%), from €49,303 to €46,607
of which Trade receivables: -€3,568
- Deferred charges and accrued income +€1,740
up €1,740 (+231%), from €753 to €2,494
- Tax, wage and social debts -€4,900
down €4,900 (-34.2%), from €14,314 to €9,414
- Debts after one year -€3,524
down €3,524 (-41.4%), from €8,503 to €4,980
- Profit (loss) carried forward +€1,219
up €1,219 (+1.6%), from €73,931 to €75,149
- Gross operating margin +€6,196
up €6,196 (+17.8%), from €34,754 to €40,949
- Staff costs +€1,629
up €1,629 (+73.7%), from €2,211 to €3,840
- Taxes -€1,374
down €1,374 (-10.9%), from €12,574 to €11,200
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,532 | €108,547 | -€7,985 | -6.9% |
| Fixed assets | 21/28 | €10,666 | €22,409 | +€11,743 | +110% |
| Tangible fixed assets | 22/27 | €10,511 | €22,254 | +€11,743 | +112% |
| Plant, machinery and equipment | 23 | €3,559 | €8,113 | +€4,554 | +128% |
| Furniture and vehicles | 24 | €6,953 | €14,141 | +€7,189 | +103% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €105,866 | €86,138 | -€19,728 | -18.6% |
| Amounts receivable within one year | 40/41 | €49,303 | €46,607 | -€2,696 | -5.5% |
| Trade receivables | 40 | €32,918 | €29,349 | -€3,568 | -10.8% |
| Other amounts receivable | 41 | €16,386 | €17,258 | +€872 | +5.3% |
| Cash at bank and in hand | 54/58 | €55,809 | €37,037 | -€18,772 | -33.6% |
| Deferred charges and accrued income | 490/1 | €753 | €2,494 | +€1,740 | +231% |
| Total equity and liabilities | 10/49 | €116,532 | €108,547 | -€7,985 | -6.9% |
| Equity | 10/15 | €81,991 | €83,209 | +€1,219 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,931 | €75,149 | +€1,219 | +1.6% |
| Amounts payable | 17/49 | €34,541 | €25,338 | -€9,203 | -26.6% |
| Amounts payable after more than one year | 17 | €8,503 | €4,980 | -€3,524 | -41.4% |
| Financial debts | 170/4 | €8,503 | €4,980 | -€3,524 | -41.4% |
| Amounts payable within one year | 42/48 | €26,038 | €20,358 | -€5,680 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €10,208 | €10,313 | +€104 | +1.0% |
| Trade debts | 44 | €700 | €631 | -€69 | -9.9% |
| Suppliers | 440/4 | €700 | €631 | -€69 | -9.9% |
| Taxes, remuneration and social security | 45 | €14,314 | €9,414 | -€4,900 | -34.2% |
| Taxes | 450/3 | €14,314 | €9,414 | -€4,900 | -34.2% |
| Other amounts payable | 47/48 | €815 | - | -€815 | |
| Remuneration, social security and pensions | 62 | €2,211 | €3,840 | +€1,629 | +73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,982 | €3,182 | +€201 | +6.7% |
| Other operating charges | 640/8 | €204 | €288 | +€84 | +41.2% |
| Non-recurring operating charges | 66A | €4,340 | €3,226 | -€1,114 | -25.7% |
| Gross operating margin | 9900 | €34,754 | €40,949 | +€6,196 | +17.8% |
| Operating profit (loss) | 9901 | €25,017 | €30,413 | +€5,396 | +21.6% |
| Financial income | 75/76B | €212 | €447 | +€235 | +111% |
| Recurring financial income | 75 | €212 | €447 | +€235 | +111% |
| Financial charges | 65/66B | €1,696 | €1,298 | -€398 | -23.5% |
| Recurring financial charges | 65 | €1,696 | €1,298 | -€398 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €23,533 | €29,562 | +€6,029 | +25.6% |
| Income taxes | 67/77 | €12,574 | €11,200 | -€1,374 | -10.9% |
| Profit (loss) for the period | 9904 | €10,959 | €18,362 | +€7,403 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,959 | €18,362 | +€7,403 | +67.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.