THD Consulting: 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.
THD Consulting
Largest movements
- Cash +€61,476
up €61,476 (+75.0%), from €82,022 to €143,498
mainly Net result for the year (+€83,912) and Depreciation (+€4,158)
- Receivables within one year +€9,310
up €9,310 (+51.3%), from €18,150 to €27,460
of which Other amounts receivable: +€10,217
- Tangible fixed assets +€8,541
up €8,541 (+855%), from €999 to €9,540
- Profit (loss) carried forward +€83,912
up €83,912 (+81.6%), from €102,826 to €186,739
- Trade debts -€6,897
down €6,897 (-99.2%), from €6,956 to €59
- Tax, wage and social debts +€3,472
up €3,472 (+2,500%), from €139 to €3,610
of which Taxes: +€3,569
- Gross operating margin -€20,078
down €20,078 (-15.0%), from €133,745 to €113,667
- Taxes -€6,661
down €6,661 (-22.3%), from €29,876 to €23,215
- Depreciation +€3,593
up €3,593 (+635%), from €566 to €4,158
- Other operating charges +€1,568
up €1,568 (+329%), from €477 to €2,045
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 | €116,921 | €197,408 | +€80,487 | +68.8% |
| Fixed assets | 21/28 | €999 | €9,540 | +€8,541 | +855% |
| Tangible fixed assets | 22/27 | €999 | €9,540 | +€8,541 | +855% |
| Furniture and vehicles | 24 | €999 | €9,540 | +€8,541 | +855% |
| Current assets | 29/58 | €115,922 | €187,868 | +€71,946 | +62.1% |
| Amounts receivable within one year | 40/41 | €18,150 | €27,460 | +€9,310 | +51.3% |
| Trade receivables | 40 | €18,150 | €17,243 | -€908 | -5.0% |
| Other amounts receivable | 41 | - | €10,217 | +€10,217 | |
| Cash at bank and in hand | 54/58 | €82,022 | €143,498 | +€61,476 | +75.0% |
| Deferred charges and accrued income | 490/1 | €15,750 | €16,910 | +€1,160 | +7.4% |
| Total equity and liabilities | 10/49 | €116,921 | €197,408 | +€80,487 | +68.8% |
| Equity | 10/15 | €109,826 | €193,739 | +€83,912 | +76.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,826 | €186,739 | +€83,912 | +81.6% |
| Amounts payable | 17/49 | €7,095 | €3,669 | -€3,425 | -48.3% |
| Amounts payable within one year | 42/48 | €7,095 | €3,669 | -€3,425 | -48.3% |
| Trade debts | 44 | €6,956 | €59 | -€6,897 | -99.2% |
| Suppliers | 440/4 | €6,956 | €59 | -€6,897 | -99.2% |
| Taxes, remuneration and social security | 45 | €139 | €3,610 | +€3,472 | +2,500% |
| Taxes | 450/3 | €41 | €3,610 | +€3,569 | +8,644% |
| Remuneration and social security | 454/9 | €98 | €0 | -€98 | -100% |
| Remuneration, social security and pensions | 62 | - | €161 | +€161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566 | €4,158 | +€3,593 | +635% |
| Other operating charges | 640/8 | €477 | €2,045 | +€1,568 | +329% |
| Gross operating margin | 9900 | €133,745 | €113,667 | -€20,078 | -15.0% |
| Operating profit (loss) | 9901 | €132,702 | €107,302 | -€25,400 | -19.1% |
| Financial income | 75/76B | €9 | €13 | +€4 | +46.4% |
| Recurring financial income | 75 | €9 | €13 | +€4 | +46.4% |
| Financial charges | 65/66B | €9 | €187 | +€179 | +2,042% |
| Recurring financial charges | 65 | €9 | €187 | +€179 | +2,042% |
| Profit (loss) for the period before taxes | 9903 | €132,703 | €107,128 | -€25,575 | -19.3% |
| Income taxes | 67/77 | €29,876 | €23,215 | -€6,661 | -22.3% |
| Profit (loss) for the period | 9904 | €102,826 | €83,912 | -€18,914 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,826 | €83,912 | -€18,914 | -18.4% |
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 15 October 2026 via checked.be.