THI CONSULT: 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.
THI CONSULT
Largest movements
- Cash +€28,909
up €28,909 (+40.8%), from €70,936 to €99,846
mainly Net result for the year (+€54,281) and Other debts (+€40,000)
- Tangible fixed assets -€5,692
down €5,692 (-22.5%), from €25,308 to €19,616
- Receivables within one year -€1,955
down €1,955 (-10.9%), from €17,881 to €15,926
of which Other amounts receivable: -€3,431
- Other debts +€40,000
up €40,000 (+114.3%), from €35,000 to €75,000
- Profit (loss) carried forward -€20,719
down €20,719 (-83.3%), from €24,873 to €4,154
- Trade debts +€2,328
up €2,328 (+218.4%), from €1,066 to €3,394
- Debts after one year -€1,553
down €1,553 (-4.2%), from €37,279 to €35,726
- Gross operating margin +€28,990
up €28,990 (+55.8%), from €51,985 to €80,975
- Taxes +€6,263
up €6,263 (+69.1%), from €9,065 to €15,327
- Other operating charges -€836
down €836 (-45.7%), from €1,829 to €994
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.
Cash bridge derived
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 | €120,304 | €139,768 | +€19,464 | +16.2% |
| Fixed assets | 21/28 | €30,742 | €23,996 | -€6,746 | -21.9% |
| Intangible fixed assets | 21 | €4,204 | €3,150 | -€1,054 | -25.1% |
| Tangible fixed assets | 22/27 | €25,308 | €19,616 | -€5,692 | -22.5% |
| Furniture and vehicles | 24 | €25,308 | €19,616 | -€5,692 | -22.5% |
| Financial fixed assets | 28 | €1,230 | €1,230 | = | 0.0% |
| Current assets | 29/58 | €89,561 | €115,772 | +€26,210 | +29.3% |
| Amounts receivable within one year | 40/41 | €17,881 | €15,926 | -€1,955 | -10.9% |
| Trade receivables | 40 | €10,107 | €11,583 | +€1,476 | +14.6% |
| Other amounts receivable | 41 | €7,774 | €4,343 | -€3,431 | -44.1% |
| Cash at bank and in hand | 54/58 | €70,936 | €99,846 | +€28,909 | +40.8% |
| Deferred charges and accrued income | 490/1 | €744 | - | -€744 | |
| Total equity and liabilities | 10/49 | €120,304 | €139,768 | +€19,464 | +16.2% |
| Equity | 10/15 | €43,473 | €22,754 | -€20,719 | -47.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,873 | €4,154 | -€20,719 | -83.3% |
| Amounts payable | 17/49 | €76,830 | €117,014 | +€40,184 | +52.3% |
| Amounts payable after more than one year | 17 | €37,279 | €35,726 | -€1,553 | -4.2% |
| Other amounts payable | 178/9 | €37,279 | €35,726 | -€1,553 | -4.2% |
| Amounts payable within one year | 42/48 | €36,066 | €78,394 | +€42,328 | +117.4% |
| Trade debts | 44 | €1,066 | €3,394 | +€2,328 | +218.4% |
| Suppliers | 440/4 | €1,066 | €3,394 | +€2,328 | +218.4% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €35,000 | €75,000 | +€40,000 | +114.3% |
| Accrued charges and deferred income | 492/3 | €3,485 | €2,894 | -€591 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,230 | €7,789 | +€559 | +7.7% |
| Other operating charges | 640/8 | €1,829 | €994 | -€836 | -45.7% |
| Gross operating margin | 9900 | €51,985 | €80,975 | +€28,990 | +55.8% |
| Operating profit (loss) | 9901 | €42,925 | €72,192 | +€29,267 | +68.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,176 | €2,584 | -€591 | -18.6% |
| Recurring financial charges | 65 | €3,176 | €2,584 | -€591 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €39,750 | €69,608 | +€29,858 | +75.1% |
| Income taxes | 67/77 | €9,065 | €15,327 | +€6,263 | +69.1% |
| Profit (loss) for the period | 9904 | €30,685 | €54,281 | +€23,596 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,685 | €54,281 | +€23,596 | +76.9% |
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 9 October 2026 via checked.be.