TH & CONFORT: 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.
TH & CONFORT
Largest movements
- Receivables within one year -€29,355
down €29,355 (-22.5%), from €130,655 to €101,300
of which Trade receivables: -€27,403
- Tangible fixed assets -€11,971
down €11,971 (-30.9%), from €38,741 to €26,770
of which Furniture and vehicles: -€11,386
- Trade debts -€31,417
down €31,417 (-34.8%), from €90,245 to €58,828
- Debts after one year -€7,759
down €7,759 (-42.9%), from €18,104 to €10,345
- Current portion of long-term debt -€4,807
down €4,807 (-38.3%), from €12,566 to €7,759
- Gross operating margin -€26,034
down €26,034 (-24.2%), from €107,553 to €81,519
- Staff costs +€13,535
up €13,535 (+28.0%), from €48,389 to €61,924
- Taxes -€9,443
down €9,443 (-98.5%), from €9,589 to €146
- Financial charges +€3,425
up €3,425 (+206%), from €1,659 to €5,084
- Other operating charges -€1,129
down €1,129 (-44.7%), from €2,525 to €1,396
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 | €183,998 | €141,343 | -€42,655 | -23.2% |
| Fixed assets | 21/28 | €39,651 | €28,880 | -€10,771 | -27.2% |
| Tangible fixed assets | 22/27 | €38,741 | €26,770 | -€11,971 | -30.9% |
| Plant, machinery and equipment | 23 | €2,336 | €3,155 | +€819 | +35.1% |
| Furniture and vehicles | 24 | €33,712 | €22,326 | -€11,386 | -33.8% |
| Leasing and similar rights | 25 | €974 | - | -€974 | |
| Other tangible fixed assets | 26 | €1,719 | €1,289 | -€430 | -25.0% |
| Financial fixed assets | 28 | €910 | €2,110 | +€1,200 | +132% |
| Current assets | 29/58 | €144,347 | €112,463 | -€31,884 | -22.1% |
| Amounts receivable within one year | 40/41 | €130,655 | €101,300 | -€29,355 | -22.5% |
| Trade receivables | 40 | €115,572 | €88,169 | -€27,403 | -23.7% |
| Other amounts receivable | 41 | €15,083 | €13,131 | -€1,952 | -12.9% |
| Cash at bank and in hand | 54/58 | €9,172 | €7,515 | -€1,657 | -18.1% |
| Deferred charges and accrued income | 490/1 | €4,520 | €3,648 | -€872 | -19.3% |
| Total equity and liabilities | 10/49 | €183,998 | €141,343 | -€42,655 | -23.2% |
| Equity | 10/15 | €42,443 | €41,934 | -€509 | -1.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,443 | €36,934 | -€509 | -1.4% |
| Amounts payable | 17/49 | €141,555 | €99,409 | -€42,146 | -29.8% |
| Amounts payable after more than one year | 17 | €18,104 | €10,345 | -€7,759 | -42.9% |
| Financial debts | 170/4 | €18,104 | €10,345 | -€7,759 | -42.9% |
| Amounts payable within one year | 42/48 | €123,451 | €89,064 | -€34,387 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €12,566 | €7,759 | -€4,807 | -38.3% |
| Trade debts | 44 | €90,245 | €58,828 | -€31,417 | -34.8% |
| Suppliers | 440/4 | €90,245 | €58,828 | -€31,417 | -34.8% |
| Taxes, remuneration and social security | 45 | €20,640 | €22,477 | +€1,837 | +8.9% |
| Taxes | 450/3 | €14,019 | €14,234 | +€215 | +1.5% |
| Remuneration and social security | 454/9 | €6,621 | €8,243 | +€1,622 | +24.5% |
| Remuneration, social security and pensions | 62 | €48,389 | €61,924 | +€13,535 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,074 | €14,034 | -€40 | -0.3% |
| Other operating charges | 640/8 | €2,525 | €1,396 | -€1,129 | -44.7% |
| Gross operating margin | 9900 | €107,553 | €81,519 | -€26,034 | -24.2% |
| Operating profit (loss) | 9901 | €42,565 | €4,165 | -€38,400 | -90.2% |
| Financial income | 75/76B | €183 | €557 | +€374 | +204% |
| Recurring financial income | 75 | €183 | €557 | +€374 | +204% |
| Financial charges | 65/66B | €1,659 | €5,084 | +€3,425 | +206% |
| Recurring financial charges | 65 | €1,659 | €5,084 | +€3,425 | +206% |
| Profit (loss) for the period before taxes | 9903 | €41,089 | -€362 | -€41,451 | |
| Income taxes | 67/77 | €9,589 | €146 | -€9,443 | -98.5% |
| Profit (loss) for the period | 9904 | €31,500 | -€508 | -€32,008 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,500 | -€508 | -€32,008 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.