THIALE: 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
THIALE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,076
2024 · -€1,871+€3,947
Equity
€1.2m
2024 · €1.2m+€2,076
Cash
€5,068
2024 · €6,440-€1,372
Balance sheet total
€2.5m
2024 · €2.5m+€19,078
Largest movements
Assets
- Receivables within one year +€30,127
up €30,127 (+4,692%), from €642 to €30,769
of which Trade receivables: +€30,121
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€28,006
up €28,006 (+41.5%), from €67,472 to €95,478
- Financial charges +€19,721
up €19,721 (+3,301%), from €597 to €20,319
- Staff costs +€3,357
up €3,357 (+5.0%), from €67,294 to €70,651
- Taxes +€970
up €970 (+345%), from €281 to €1,252
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
-€1,871
Gross operating margin
+€28,006
Staff costs
-€3,357
Other operating charges
-€11
Financial charges
-€19,721
Taxes
-€970
Result 2025
€2,076
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
-€16,421
Investment
€0
Financing
+€15,049
Cash 2024
€6,440
From operations (derived)
-€16,421
Net result for the year
+€2,076
Depreciation
+€1,054
Receivables after one year
+€8,664
Receivables within one year
-€30,127
Deferred charges and accrued income
-€41
Trade debts
-€2,472
Tax, wage and social debts
+€4,425
Financing
+€15,049
Debts after one year
-€5,000
Short-term financial debts
+€20,049
Cash 2025
€5,068
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,472,367 | €2,491,445 | +€19,078 | +0.8% |
| Fixed assets | 21/28 | €2,284,728 | €2,283,674 | -€1,054 | 0.0% |
| Intangible fixed assets | 21 | €2,109 | €1,054 | -€1,054 | -50.0% |
| Financial fixed assets | 28 | €2,282,619 | €2,282,619 | = | 0.0% |
| Current assets | 29/58 | €187,639 | €207,771 | +€20,132 | +10.7% |
| Amounts receivable after more than one year | 29 | €176,222 | €167,559 | -€8,664 | -4.9% |
| Other amounts receivable | 291 | €176,222 | €167,559 | -€8,664 | -4.9% |
| Stocks and contracts in progress | 3 | €4,197 | €4,197 | = | 0.0% |
| Stocks | 30/36 | €4,197 | €4,197 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €642 | €30,769 | +€30,127 | +4,692% |
| Trade receivables | 40 | €622 | €30,743 | +€30,121 | +4,842% |
| Other amounts receivable | 41 | €20 | €26 | +€6 | +31.5% |
| Cash at bank and in hand | 54/58 | €6,440 | €5,068 | -€1,372 | -21.3% |
| Deferred charges and accrued income | 490/1 | €138 | €178 | +€41 | +29.5% |
| Total equity and liabilities | 10/49 | €2,472,367 | €2,491,445 | +€19,078 | +0.8% |
| Equity | 10/15 | €1,150,087 | €1,152,163 | +€2,076 | +0.2% |
| Contributions | 10/11 | €630,000 | €630,000 | = | 0.0% |
| Capital | 10 | €630,000 | €630,000 | = | 0.0% |
| Issued capital | 100 | €630,000 | €630,000 | = | 0.0% |
| Reserves | 13 | €516,600 | €516,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €63,000 | €63,000 | = | 0.0% |
| Legal reserve | 130 | €63,000 | €63,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,400 | €5,400 | = | 0.0% |
| Distributable reserves | 133 | €448,200 | €448,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,487 | €5,563 | +€2,076 | +59.5% |
| Amounts payable | 17/49 | €1,322,281 | €1,339,283 | +€17,002 | +1.3% |
| Amounts payable after more than one year | 17 | €1,244,926 | €1,239,926 | -€5,000 | -0.4% |
| Financial debts | 170/4 | €1,244,926 | €1,239,926 | -€5,000 | -0.4% |
| Amounts payable within one year | 42/48 | €77,355 | €99,357 | +€22,002 | +28.4% |
| Financial debts | 43 | €2,280 | €22,328 | +€20,049 | +879% |
| Other loans | 439 | €2,280 | €22,328 | +€20,049 | +879% |
| Trade debts | 44 | €57,802 | €55,330 | -€2,472 | -4.3% |
| Suppliers | 440/4 | €57,802 | €55,330 | -€2,472 | -4.3% |
| Taxes, remuneration and social security | 45 | €17,273 | €21,699 | +€4,425 | +25.6% |
| Taxes | 450/3 | €1,373 | €4,985 | +€3,612 | +263% |
| Remuneration and social security | 454/9 | €15,901 | €16,714 | +€813 | +5.1% |
| Remuneration, social security and pensions | 62 | €67,294 | €70,651 | +€3,357 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,054 | €1,054 | = | 0.0% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €67,472 | €95,478 | +€28,006 | +41.5% |
| Operating profit (loss) | 9901 | -€992 | €23,646 | +€24,639 | |
| Financial charges | 65/66B | €597 | €20,319 | +€19,721 | +3,301% |
| Recurring financial charges | 65 | €597 | €20,319 | +€19,721 | +3,301% |
| Profit (loss) for the period before taxes | 9903 | -€1,590 | €3,328 | +€4,918 | |
| Income taxes | 67/77 | €281 | €1,252 | +€970 | +345% |
| Profit (loss) for the period | 9904 | -€1,871 | €2,076 | +€3,947 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,871 | €2,076 | +€3,947 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.