THAUPA: 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
THAUPA
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€331,044
2024 · -€172,155+€503,199
Equity
€6.0m
2024 · €6.2m-€168,956
Cash
€343,590
2024 · €229,779+€113,811
Balance sheet total
€11.2m
2024 · €11.0m+€128,776
Largest movements
Assets
- Cash +€113,811
up €113,811 (+49.5%), from €229,779 to €343,590
mainly Advances received (+€600,508) and Net result for the year (+€331,044)
Equity and liabilities
- Advances received +€600,508
up €600,508 (+42.1%), from €1.4m to €2.0m
- Contributions -€462,460
down €462,460 (-8.1%), from €5.7m to €5.3m
- Trade debts -€346,991
down €346,991 (-45.4%), from €764,822 to €417,831
- Reserves +€293,504
up €293,504 (+63.2%), from €464,645 to €758,150
Income statement
- Turnover +€529,605
up €529,605 (+81.8%), from €647,393 to €1.2m
- Services and other goods -€69,284
down €69,284 (-18.4%), from €375,761 to €306,477
- Taxes +€64,650
up €64,650 (+10,644%), from €607 to €65,258
- Staff costs +€24,358
up €24,358 (+6.4%), from €383,303 to €407,661
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
-€172,155
Turnover
+€529,605
Other operating income
-€844
Services and other goods
+€69,284
Staff costs
-€24,358
Other operating charges
+€812
Financial income
-€2,892
Financial charges
-€3,757
Taxes
-€64,650
Result 2025
€331,044
raises the resultlowers the result
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
+€618,811
Investment
€0
Financing
-€505,000
Cash 2024
€229,779
From operations (derived)
+€618,811
Net result for the year
+€331,044
Depreciation
+€188
Receivables within one year
-€15,153
Trade debts
-€346,991
Tax, wage and social debts
-€33,797
Advances received
+€600,508
Other debts
+€83,012
Financing
-€505,000
Short-term financial debts
-€5,000
Contributions, distributions and other
-€500,000
Cash 2025
€343,590
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,032,160 | €11,160,936 | +€128,776 | +1.2% |
| Fixed assets | 21/28 | €9,774,356 | €9,774,169 | -€188 | 0.0% |
| Tangible fixed assets | 22/27 | €376 | €188 | -€188 | -50.0% |
| Furniture and vehicles | 24 | €376 | €188 | -€188 | -50.0% |
| Financial fixed assets | 28 | €9,773,981 | €9,773,981 | = | 0.0% |
| Affiliated companies | 280/1 | €9,773,618 | €9,773,618 | = | 0.0% |
| Participating interests | 280 | €9,773,618 | €9,773,618 | = | 0.0% |
| Other financial fixed assets | 284/8 | €363 | €363 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €1,257,803 | €1,386,767 | +€128,964 | +10.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,028,024 | €1,043,177 | +€15,153 | +1.5% |
| Trade receivables | 40 | €276,246 | €291,980 | +€15,734 | +5.7% |
| Other amounts receivable | 41 | €751,778 | €751,197 | -€581 | -0.1% |
| Cash at bank and in hand | 54/58 | €229,779 | €343,590 | +€113,811 | +49.5% |
| Total equity and liabilities | 10/49 | €11,032,160 | €11,160,936 | +€128,776 | +1.2% |
| Equity | 10/15 | €6,188,682 | €6,019,727 | -€168,956 | -2.7% |
| Contributions | 10/11 | €5,724,037 | €5,261,577 | -€462,460 | -8.1% |
| Reserves | 13 | €464,645 | €758,150 | +€293,504 | +63.2% |
| Distributable reserves | 133 | €464,645 | €758,150 | +€293,504 | +63.2% |
| Amounts payable | 17/49 | €4,843,477 | €5,141,209 | +€297,732 | +6.1% |
| Amounts payable within one year | 42/48 | €4,843,477 | €5,141,209 | +€297,732 | +6.1% |
| Financial debts | 43 | €55,000 | €50,000 | -€5,000 | -9.1% |
| Credit institutions | 430/8 | €55,000 | €50,000 | -€5,000 | -9.1% |
| Trade debts | 44 | €764,822 | €417,831 | -€346,991 | -45.4% |
| Suppliers | 440/4 | €764,822 | €417,831 | -€346,991 | -45.4% |
| Advances received on contracts in progress | 46 | €1,426,275 | €2,026,782 | +€600,508 | +42.1% |
| Taxes, remuneration and social security | 45 | €98,490 | €64,693 | -€33,797 | -34.3% |
| Taxes | 450/3 | €43,060 | €5,258 | -€37,802 | -87.8% |
| Remuneration and social security | 454/9 | €55,430 | €59,436 | +€4,006 | +7.2% |
| Other amounts payable | 47/48 | €2,498,890 | €2,581,902 | +€83,012 | +3.3% |
| Operating income | 70/76A | €664,801 | €1,193,562 | +€528,761 | +79.5% |
| Turnover | 70 | €647,393 | €1,176,998 | +€529,605 | +81.8% |
| Other operating income | 74 | €17,408 | €16,564 | -€844 | -4.8% |
| Operating charges | 60/66A | €762,754 | €717,016 | -€45,738 | -6.0% |
| Services and other goods | 61 | €375,761 | €306,477 | -€69,284 | -18.4% |
| Remuneration, social security and pensions | 62 | €383,303 | €407,661 | +€24,358 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188 | €188 | = | 0.0% |
| Other operating charges | 640/8 | €3,502 | €2,690 | -€812 | -23.2% |
| Operating profit (loss) | 9901 | -€97,953 | €476,546 | +€574,498 | |
| Financial income | 75/76B | €25,397 | €22,505 | -€2,892 | -11.4% |
| Recurring financial income | 75 | €25,397 | €22,505 | -€2,892 | -11.4% |
| Income from current assets | 751 | €25,392 | €22,505 | -€2,887 | -11.4% |
| Other financial income | 752/9 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €98,992 | €102,748 | +€3,757 | +3.8% |
| Recurring financial charges | 65 | €98,992 | €102,748 | +€3,757 | +3.8% |
| Debt charges | 650 | €98,637 | €102,528 | +€3,891 | +3.9% |
| Other financial charges | 652/9 | €355 | €220 | -€134 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | -€171,547 | €396,302 | +€567,849 | |
| Income taxes | 67/77 | €607 | €65,258 | +€64,650 | +10,644% |
| Taxes | 670/3 | €607 | €65,258 | +€64,650 | +10,644% |
| Profit (loss) for the period | 9904 | -€172,155 | €331,044 | +€503,199 | |
| Profit (loss) for the period to be appropriated | 9905 | -€172,155 | €331,044 | +€503,199 |
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 30 October 2026 via checked.be.