THG BRABANT WALLON: what changed
THG BRABANT WALLON
Largest movements
- Receivables within one year -€12,138
down €12,138 (-26.0%), from €46,636 to €34,497
of which Other amounts receivable: -€18,403
- Tangible fixed assets -€4,619
down €4,619 (-80.4%), from €5,744 to €1,125
- Cash +€3,246
up €3,246 (+14.0%), from €23,117 to €26,364
mainly Net result for the year (+€28,356) and Other debts (+€16,966)
- Deferred charges and accrued income +€2,518
up €2,518 (+41.1%), from €6,125 to €8,643
- Reserves -€18,000
down €18,000 (-90.6%), from €19,875 to €1,875
of which Distributable reserves: -€18,000
- Other debts +€16,966
up €16,966 (+56.6%), from €30,000 to €46,966
- Trade debts -€4,729
down €4,729 (-38.9%), from €12,155 to €7,426
- Current portion of long-term debt -€4,544
no longer reported in 2025 (was €4,544)
- Depreciation -€11,048
down €11,048 (-91.9%), from €12,021 to €973
- Gross operating margin -€7,943
down €7,943 (-7.2%), from €110,718 to €102,775
- Financial charges +€3,452
up €3,452 (+741%), from €466 to €3,917
of which Non-recurring financial charges: +€3,646
- Taxes -€2,482
down €2,482 (-26.3%), from €9,452 to €6,970
- Staff costs +€1,415
up €1,415 (+2.4%), from €59,506 to €60,921
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,623 | €70,630 | -€10,993 | -13.5% |
| Fixed assets | 21/28 | €5,744 | €1,125 | -€4,619 | -80.4% |
| Tangible fixed assets | 22/27 | €5,744 | €1,125 | -€4,619 | -80.4% |
| Furniture and vehicles | 24 | €5,744 | €1,125 | -€4,619 | -80.4% |
| Current assets | 29/58 | €75,879 | €69,504 | -€6,374 | -8.4% |
| Amounts receivable within one year | 40/41 | €46,636 | €34,497 | -€12,138 | -26.0% |
| Trade receivables | 40 | €28,184 | €34,449 | +€6,265 | +22.2% |
| Other amounts receivable | 41 | €18,452 | €49 | -€18,403 | -99.7% |
| Cash at bank and in hand | 54/58 | €23,117 | €26,364 | +€3,246 | +14.0% |
| Deferred charges and accrued income | 490/1 | €6,125 | €8,643 | +€2,518 | +41.1% |
| Total equity and liabilities | 10/49 | €81,623 | €70,630 | -€10,993 | -13.5% |
| Equity | 10/15 | €20,485 | €1,875 | -€18,610 | -90.8% |
| Reserves | 13 | €19,875 | €1,875 | -€18,000 | -90.6% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €18,000 | - | -€18,000 | |
| Profit (loss) carried forward | 14 | €610 | - | -€610 | |
| Amounts payable | 17/49 | €61,138 | €68,755 | +€7,617 | +12.5% |
| Amounts payable within one year | 42/48 | €61,096 | €68,739 | +€7,643 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €4,544 | - | -€4,544 | |
| Trade debts | 44 | €12,155 | €7,426 | -€4,729 | -38.9% |
| Suppliers | 440/4 | €12,155 | €7,426 | -€4,729 | -38.9% |
| Taxes, remuneration and social security | 45 | €14,397 | €14,346 | -€51 | -0.4% |
| Taxes | 450/3 | €8,315 | €7,994 | -€321 | -3.9% |
| Remuneration and social security | 454/9 | €6,082 | €6,352 | +€270 | +4.4% |
| Other amounts payable | 47/48 | €30,000 | €46,966 | +€16,966 | +56.6% |
| Accrued charges and deferred income | 492/3 | €42 | €16 | -€26 | -61.4% |
| Remuneration, social security and pensions | 62 | €59,506 | €60,921 | +€1,415 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,021 | €973 | -€11,048 | -91.9% |
| Other operating charges | 640/8 | €1,781 | €1,840 | +€60 | +3.3% |
| Gross operating margin | 9900 | €110,718 | €102,775 | -€7,943 | -7.2% |
| Operating profit (loss) | 9901 | €37,410 | €39,040 | +€1,630 | +4.4% |
| Financial income | 75/76B | €480 | €204 | -€276 | -57.5% |
| Recurring financial income | 75 | €480 | €204 | -€276 | -57.5% |
| Financial charges | 65/66B | €466 | €3,917 | +€3,452 | +741% |
| Recurring financial charges | 65 | €466 | €272 | -€194 | -41.7% |
| Non-recurring financial charges | 66B | - | €3,646 | +€3,646 | |
| Profit (loss) for the period before taxes | 9903 | €37,424 | €35,327 | -€2,098 | -5.6% |
| Income taxes | 67/77 | €9,452 | €6,970 | -€2,482 | -26.3% |
| Profit (loss) for the period | 9904 | €27,972 | €28,356 | +€384 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,972 | €28,356 | +€384 | +1.4% |
Next steps
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 2 November 2026 via checked.be.