THALER MANAGEMENT & CONSULTANCY: what changed
What changed
THALER MANAGEMENT & CONSULTANCY
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€77,848
2024 · €129,468-€51,620
Equity
€1.7m
2024 · €1.9m-€212,152
Cash
€325,006
2024 · €122,377+€202,629
Balance sheet total
€2.1m
2024 · €2.0m+€76,367
Largest movements
Assets
- Cash +€202,629
up €202,629 (+166%), from €122,377 to €325,006
mainly Other debts (+€290,000) and Receivables after one year (+€200,000)
- Receivables after one year -€200,000
down €200,000 (-100%), from €200,000 to €0
- Receivables within one year +€89,533
up €89,533 (+9.0%), from €999,337 to €1.1m
of which Other amounts receivable: +€257,683
Equity and liabilities
- Other debts +€290,000
up €290,000, from €0 to €290,000
- Reserves -€212,152
down €212,152 (-23.5%), from €901,855 to €689,703
of which Distributable reserves: -€212,152
Income statement
- Write-downs +€22,100
new in 2025: €22,100
- Financial income -€16,750
down €16,750 (-35.9%), from €46,648 to €29,897
- Gross operating margin -€8,668
down €8,668 (-6.5%), from €133,806 to €125,138
- Other operating charges +€6,037
up €6,037 (+311%), from €1,942 to €7,979
- Taxes -€4,608
down €4,608 (-10.5%), from €43,804 to €39,196
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€129,468
Gross operating margin
-€8,668
Depreciation
-€2,250
Write-downs
-€22,100
Other operating charges
-€6,037
Financial income
-€16,750
Financial charges
-€421
Taxes
+€4,608
Result 2025
€77,848
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€492,629
Investment
€0
Financing
-€290,000
Cash 2024
€122,377
From operations (derived)
+€492,629
Net result for the year
+€77,848
Depreciation
+€6,980
Receivables after one year
+€200,000
Receivables within one year
-€89,533
Deferred charges and accrued income
+€8,815
Trade debts
-€1,567
Tax, wage and social debts
-€1,391
Advances received
+€1,477
Other debts
+€290,000
Financing
-€290,000
Contributions, distributions and other
-€290,000
Cash 2025
€325,006
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,996,723 | €2,073,090 | +€76,367 | +3.8% |
| Fixed assets | 21/28 | €651,859 | €644,879 | -€6,980 | -1.1% |
| Tangible fixed assets | 22/27 | €45,170 | €38,190 | -€6,980 | -15.5% |
| Furniture and vehicles | 24 | €45,170 | €38,190 | -€6,980 | -15.5% |
| Financial fixed assets | 28 | €606,689 | €606,689 | = | 0.0% |
| Current assets | 29/58 | €1,344,864 | €1,428,211 | +€83,347 | +6.2% |
| Amounts receivable after more than one year | 29 | €200,000 | €0 | -€200,000 | -100% |
| Other amounts receivable | 291 | €200,000 | €0 | -€200,000 | -100% |
| Amounts receivable within one year | 40/41 | €999,337 | €1,088,870 | +€89,533 | +9.0% |
| Trade receivables | 40 | €194,011 | €25,862 | -€168,150 | -86.7% |
| Other amounts receivable | 41 | €805,326 | €1,063,008 | +€257,683 | +32.0% |
| Cash at bank and in hand | 54/58 | €122,377 | €325,006 | +€202,629 | +166% |
| Deferred charges and accrued income | 490/1 | €23,150 | €14,335 | -€8,815 | -38.1% |
| Total equity and liabilities | 10/49 | €1,996,723 | €2,073,090 | +€76,367 | +3.8% |
| Equity | 10/15 | €1,947,453 | €1,735,301 | -€212,152 | -10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €901,855 | €689,703 | -€212,152 | -23.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €900,000 | €687,848 | -€212,152 | -23.6% |
| Profit (loss) carried forward | 14 | €1,033,198 | €1,033,198 | = | 0.0% |
| Amounts payable | 17/49 | €49,270 | €337,789 | +€288,519 | +586% |
| Amounts payable within one year | 42/48 | €49,270 | €337,789 | +€288,519 | +586% |
| Trade debts | 44 | €3,228 | €1,661 | -€1,567 | -48.6% |
| Suppliers | 440/4 | €3,228 | €1,661 | -€1,567 | -48.6% |
| Advances received on contracts in progress | 46 | - | €1,477 | +€1,477 | |
| Taxes, remuneration and social security | 45 | €46,042 | €44,651 | -€1,391 | -3.0% |
| Taxes | 450/3 | €46,042 | €44,651 | -€1,391 | -3.0% |
| Other amounts payable | 47/48 | €0 | €290,000 | +€290,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,730 | €6,980 | +€2,250 | +47.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,100 | +€22,100 | |
| Other operating charges | 640/8 | €1,942 | €7,979 | +€6,037 | +311% |
| Gross operating margin | 9900 | €133,806 | €125,138 | -€8,668 | -6.5% |
| Operating profit (loss) | 9901 | €127,134 | €88,078 | -€39,056 | -30.7% |
| Financial income | 75/76B | €46,648 | €29,897 | -€16,750 | -35.9% |
| Recurring financial income | 75 | €46,648 | €29,897 | -€16,750 | -35.9% |
| Financial charges | 65/66B | €510 | €931 | +€421 | +82.5% |
| Recurring financial charges | 65 | €510 | €931 | +€421 | +82.5% |
| Profit (loss) for the period before taxes | 9903 | €173,272 | €117,045 | -€56,227 | -32.5% |
| Income taxes | 67/77 | €43,804 | €39,196 | -€4,608 | -10.5% |
| Profit (loss) for the period | 9904 | €129,468 | €77,848 | -€51,620 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €129,468 | €77,848 | -€51,620 | -39.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.