ThAL.ent: 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.
What changed
ThAL.ent
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€108,623
2024 · €96,239+€12,384
Equity
€52,118
2024 · €228,495-€176,377
Cash
€119,264
2024 · €116,069+€3,194
Balance sheet total
€3.1m
2024 · €3.1m-€10,494
Largest movements
Assets
- Tangible fixed assets -€32,703
down €32,703 (-9.8%), from €332,429 to €299,726
of which Furniture and vehicles: -€20,476
Equity and liabilities
- Other debts +€200,000
new in 2025: €200,000
- Reserves -€176,377
down €176,377 (-84.0%), from €209,895 to €33,518
of which Distributable reserves: -€174,517
Income statement
- Gross operating margin -€22,375
down €22,375 (-15.2%), from €147,501 to €125,126
- Depreciation -€16,089
down €16,089 (-32.0%), from €50,215 to €34,126
- Financial charges +€5,006
up €5,006 (+2.3%), from €217,286 to €222,291
- Taxes -€1,767
down €1,767 (-5.2%), from €34,004 to €32,237
- Other operating charges -€1,574
down €1,574 (-48.2%), from €3,263 to €1,688
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.
Result 2024
€96,239
Gross operating margin
-€22,375
Depreciation
+€16,089
Other operating charges
+€1,574
Other operating items
+€19,365
Financial income
+€969
Financial charges
-€5,006
Taxes
+€1,767
Result 2025
€108,623
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€332,106
Investment
-€15,373
Financing
-€313,539
Cash 2024
€116,069
From operations (derived)
+€332,106
Net result for the year
+€108,623
Depreciation
+€34,126
Receivables within one year
-€3,893
Deferred charges and accrued income
-€1,171
Trade debts
+€3,059
Tax, wage and social debts
-€7,637
Other debts
+€200,000
Accrued charges and deferred income
-€1,000
Investment (derived)
-€15,373
Investment in fixed assets (net)
-€1,423
Current investments
-€13,950
Financing
-€313,539
Debts after one year
-€29,785
Current portion of long-term debt
+€1,246
Contributions, distributions and other
-€285,000
Cash 2025
€119,264
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,129,839 | €3,119,345 | -€10,494 | -0.3% |
| Fixed assets | 21/28 | €332,429 | €299,726 | -€32,703 | -9.8% |
| Tangible fixed assets | 22/27 | €332,429 | €299,726 | -€32,703 | -9.8% |
| Land and buildings | 22 | €234,883 | €222,958 | -€11,925 | -5.1% |
| Furniture and vehicles | 24 | €96,037 | €75,561 | -€20,476 | -21.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,508 | €1,207 | -€302 | -20.0% |
| Current assets | 29/58 | €2,797,410 | €2,819,619 | +€22,209 | +0.8% |
| Amounts receivable after more than one year | 29 | €2,500,000 | €2,500,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,500,000 | €2,500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €89,824 | €93,717 | +€3,893 | +4.3% |
| Trade receivables | 40 | €50,880 | €41,014 | -€9,867 | -19.4% |
| Other amounts receivable | 41 | €38,943 | €52,703 | +€13,760 | +35.3% |
| Current investments | 50/53 | €0 | €13,950 | +€13,950 | |
| Cash at bank and in hand | 54/58 | €116,069 | €119,264 | +€3,194 | +2.8% |
| Deferred charges and accrued income | 490/1 | €91,517 | €92,688 | +€1,171 | +1.3% |
| Total equity and liabilities | 10/49 | €3,129,839 | €3,119,345 | -€10,494 | -0.3% |
| Equity | 10/15 | €228,495 | €52,118 | -€176,377 | -77.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €209,895 | €33,518 | -€176,377 | -84.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €208,035 | €33,518 | -€174,517 | -83.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,901,344 | €3,067,227 | +€165,883 | +5.7% |
| Amounts payable after more than one year | 17 | €2,776,213 | €2,746,428 | -€29,785 | -1.1% |
| Financial debts | 170/4 | €2,776,213 | €2,746,428 | -€29,785 | -1.1% |
| Amounts payable within one year | 42/48 | €58,131 | €254,799 | +€196,668 | +338% |
| Current portion of amounts payable after more than one year | 42 | €28,539 | €29,785 | +€1,246 | +4.4% |
| Trade debts | 44 | €1,646 | €4,704 | +€3,059 | +186% |
| Suppliers | 440/4 | €1,646 | €4,704 | +€3,059 | +186% |
| Taxes, remuneration and social security | 45 | €27,946 | €20,310 | -€7,637 | -27.3% |
| Taxes | 450/3 | €27,946 | €20,310 | -€7,637 | -27.3% |
| Other amounts payable | 47/48 | - | €200,000 | +€200,000 | |
| Accrued charges and deferred income | 492/3 | €67,000 | €66,000 | -€1,000 | -1.5% |
| Non-recurring operating income | 76A | €127 | €0 | -€127 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,215 | €34,126 | -€16,089 | -32.0% |
| Other operating charges | 640/8 | €3,263 | €1,688 | -€1,574 | -48.2% |
| Non-recurring operating charges | 66A | €19,365 | €0 | -€19,365 | -100% |
| Gross operating margin | 9900 | €147,501 | €125,126 | -€22,375 | -15.2% |
| Operating profit (loss) | 9901 | €74,658 | €89,312 | +€14,654 | +19.6% |
| Financial income | 75/76B | €272,871 | €273,840 | +€969 | +0.4% |
| Recurring financial income | 75 | €272,871 | €273,840 | +€969 | +0.4% |
| Financial charges | 65/66B | €217,286 | €222,291 | +€5,006 | +2.3% |
| Recurring financial charges | 65 | €217,286 | €222,291 | +€5,006 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €130,244 | €140,860 | +€10,617 | +8.2% |
| Income taxes | 67/77 | €34,004 | €32,237 | -€1,767 | -5.2% |
| Profit (loss) for the period | 9904 | €96,239 | €108,623 | +€12,384 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,239 | €108,623 | +€12,384 | +12.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.