TH-Solutions: 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-Solutions
Largest movements
- Receivables within one year +€57,238
up €57,238 (+262%), from €21,856 to €79,094
of which Trade receivables: +€57,238
- Current investments +€29,500
up €29,500 (+20.5%), from €144,000 to €173,500
- Deferred charges and accrued income +€9,957
up €9,957 (+1,778%), from €560 to €10,517
- Other debts +€109,667
up €109,667 (+240%), from €45,633 to €155,300
- Reserves -€73,160
down €73,160 (-33.1%), from €221,160 to €148,000
- Trade debts +€37,438
up €37,438 (+8,033%), from €466 to €37,904
- Tax, wage and social debts +€22,957
up €22,957 (+101%), from €22,666 to €45,623
- Gross operating margin +€34,427
up €34,427 (+32.9%), from €104,587 to €139,014
- Purchases and services -€10,029
down €10,029 (-10.0%), from €100,039 to €90,010
- Taxes +€9,171
up €9,171 (+40.6%), from €22,584 to €31,755
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 | €290,925 | €388,444 | +€97,518 | +33.5% |
| Fixed assets | 21/28 | €9,563 | €7,540 | -€2,022 | -21.1% |
| Tangible fixed assets | 22/27 | €9,563 | €7,540 | -€2,022 | -21.1% |
| Plant, machinery and equipment | 23 | €267 | €113 | -€154 | -57.8% |
| Furniture and vehicles | 24 | €9,296 | €7,428 | -€1,868 | -20.1% |
| Current assets | 29/58 | €281,363 | €380,903 | +€99,541 | +35.4% |
| Amounts receivable within one year | 40/41 | €21,856 | €79,094 | +€57,238 | +262% |
| Trade receivables | 40 | €21,163 | €78,402 | +€57,238 | +270% |
| Other amounts receivable | 41 | €692 | €692 | = | 0.0% |
| Current investments | 50/53 | €144,000 | €173,500 | +€29,500 | +20.5% |
| Cash at bank and in hand | 54/58 | €114,947 | €117,792 | +€2,845 | +2.5% |
| Deferred charges and accrued income | 490/1 | €560 | €10,517 | +€9,957 | +1,778% |
| Total equity and liabilities | 10/49 | €290,925 | €388,444 | +€97,518 | +33.5% |
| Equity | 10/15 | €222,160 | €149,000 | -€73,160 | -32.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €221,160 | €148,000 | -€73,160 | -33.1% |
| Distributable reserves | 133 | €221,160 | €148,000 | -€73,160 | -33.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,766 | €239,444 | +€170,678 | +248% |
| Amounts payable within one year | 42/48 | €68,766 | €238,827 | +€170,061 | +247% |
| Trade debts | 44 | €466 | €37,904 | +€37,438 | +8,033% |
| Suppliers | 440/4 | €466 | €37,904 | +€37,438 | +8,033% |
| Taxes, remuneration and social security | 45 | €22,666 | €45,623 | +€22,957 | +101% |
| Taxes | 450/3 | €22,666 | €45,623 | +€22,957 | +101% |
| Other amounts payable | 47/48 | €45,633 | €155,300 | +€109,667 | +240% |
| Accrued charges and deferred income | 492/3 | - | €617 | +€617 | |
| Turnover | 70 | €200,819 | €201,405 | +€587 | +0.3% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €100,039 | €90,010 | -€10,029 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,856 | €3,043 | +€186 | +6.5% |
| Other operating charges | 640/8 | €157 | €448 | +€291 | +185% |
| Gross operating margin | 9900 | €104,587 | €139,014 | +€34,427 | +32.9% |
| Operating profit (loss) | 9901 | €101,573 | €135,524 | +€33,950 | +33.4% |
| Financial income | 75/76B | €4,255 | €5,305 | +€1,050 | +24.7% |
| Recurring financial income | 75 | €4,255 | €5,305 | +€1,050 | +24.7% |
| Financial charges | 65/66B | €1,697 | €861 | -€836 | -49.3% |
| Recurring financial charges | 65 | €1,697 | €861 | -€836 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €104,131 | €139,968 | +€35,837 | +34.4% |
| Income taxes | 67/77 | €22,584 | €31,755 | +€9,171 | +40.6% |
| Profit (loss) for the period | 9904 | €81,547 | €108,213 | +€26,666 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,547 | €108,213 | +€26,666 | +32.7% |
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 27 October 2026 via checked.be.