TDH Consulting: 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.
TDH Consulting
Largest movements
- Cash +€48,571
up €48,571 (+117%), from €41,630 to €90,200
mainly Other debts (+€27,708) and Depreciation (+€10,029)
- Tangible fixed assets -€9,346
down €9,346 (-43.0%), from €21,753 to €12,406
of which Furniture and vehicles: -€8,523
- Other debts +€27,708
up €27,708 (+8.6%), from €321,823 to €349,532
- Trade debts +€6,859
up €6,859 (+8,714%), from €79 to €6,938
- Tax, wage and social debts +€3,408
up €3,408 (+18.3%), from €18,616 to €22,024
of which Remuneration and social security: +€7,114
- Gross operating margin +€21,055
up €21,055 (+21.5%), from €97,809 to €118,863
- Staff costs +€10,535
up €10,535 (+25.7%), from €41,032 to €51,567
- Financial charges -€4,699
down €4,699 (-7.9%), from €59,340 to €54,641
- Depreciation +€3,541
up €3,541 (+54.6%), from €6,488 to €10,029
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 | €202,914 | €242,275 | +€39,360 | +19.4% |
| Fixed assets | 21/28 | €96,932 | €87,585 | -€9,346 | -9.6% |
| Tangible fixed assets | 22/27 | €21,753 | €12,406 | -€9,346 | -43.0% |
| Plant, machinery and equipment | 23 | €2,101 | €1,278 | -€824 | -39.2% |
| Furniture and vehicles | 24 | €19,651 | €11,129 | -€8,523 | -43.4% |
| Financial fixed assets | 28 | €75,179 | €75,179 | = | 0.0% |
| Current assets | 29/58 | €105,983 | €154,689 | +€48,707 | +46.0% |
| Amounts receivable within one year | 40/41 | €60,435 | €60,366 | -€69 | -0.1% |
| Trade receivables | 40 | €60,435 | €60,366 | -€69 | -0.1% |
| Cash at bank and in hand | 54/58 | €41,630 | €90,200 | +€48,571 | +117% |
| Deferred charges and accrued income | 490/1 | €3,919 | €4,123 | +€204 | +5.2% |
| Total equity and liabilities | 10/49 | €202,914 | €242,275 | +€39,360 | +19.4% |
| Equity | 10/15 | -€137,603 | -€136,219 | +€1,384 | +1.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,603 | -€138,219 | +€1,384 | +1.0% |
| Amounts payable | 17/49 | €340,517 | €378,493 | +€37,976 | +11.2% |
| Amounts payable within one year | 42/48 | €340,517 | €378,493 | +€37,976 | +11.2% |
| Trade debts | 44 | €79 | €6,938 | +€6,859 | +8,714% |
| Suppliers | 440/4 | €79 | €6,938 | +€6,859 | +8,714% |
| Taxes, remuneration and social security | 45 | €18,616 | €22,024 | +€3,408 | +18.3% |
| Taxes | 450/3 | €18,616 | €14,910 | -€3,706 | -19.9% |
| Remuneration and social security | 454/9 | - | €7,114 | +€7,114 | |
| Other amounts payable | 47/48 | €321,823 | €349,532 | +€27,708 | +8.6% |
| Remuneration, social security and pensions | 62 | €41,032 | €51,567 | +€10,535 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,488 | €10,029 | +€3,541 | +54.6% |
| Other operating charges | 640/8 | €716 | €1,242 | +€526 | +73.5% |
| Gross operating margin | 9900 | €97,809 | €118,863 | +€21,055 | +21.5% |
| Operating profit (loss) | 9901 | €49,573 | €56,025 | +€6,453 | +13.0% |
| Financial charges | 65/66B | €59,340 | €54,641 | -€4,699 | -7.9% |
| Recurring financial charges | 65 | €59,340 | €54,641 | -€4,699 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,767 | €1,384 | +€11,152 | |
| Profit (loss) for the period | 9904 | -€9,767 | €1,384 | +€11,152 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,767 | €1,384 | +€11,152 |
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 25 October 2026 via checked.be.