Thibaut Consultance: 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.
Thibaut Consultance
Largest movements
- Tangible fixed assets -€12,864
down €12,864 (-38.1%), from €33,742 to €20,877
of which Furniture and vehicles: -€12,356
- Receivables within one year -€2,947
down €2,947 (-10.9%), from €27,122 to €24,174
of which Other amounts receivable: -€1,977
- Cash +€1,325
up €1,325 (+145%), from €914 to €2,239
mainly Depreciation (+€15,621) and Net result for the year (+€7,286)
- Debts after one year -€15,148
no longer reported in 2025 (was €15,148)
- Profit (loss) carried forward +€7,286
up €7,286 (+21.4%), from €34,114 to €41,400
- Tax, wage and social debts -€6,053
down €6,053 (-79.8%), from €7,585 to €1,532
- Gross operating margin +€16,280
up €16,280 (+190%), from €8,561 to €24,841
- Taxes +€1,513
up €1,513 (+716%), from €211 to €1,724
- Financial charges -€745
down €745 (-63.3%), from €1,177 to €432
- Staff costs +€296
new in 2025: €296
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 | €82,313 | €67,638 | -€14,675 | -17.8% |
| Fixed assets | 21/28 | €33,742 | €20,877 | -€12,864 | -38.1% |
| Tangible fixed assets | 22/27 | €33,742 | €20,877 | -€12,864 | -38.1% |
| Plant, machinery and equipment | 23 | €2,151 | €1,643 | -€508 | -23.6% |
| Furniture and vehicles | 24 | €31,591 | €19,235 | -€12,356 | -39.1% |
| Current assets | 29/58 | €48,572 | €46,761 | -€1,811 | -3.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Trade receivables | 290 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,122 | €24,174 | -€2,947 | -10.9% |
| Trade receivables | 40 | €13,257 | €12,286 | -€971 | -7.3% |
| Other amounts receivable | 41 | €13,865 | €11,888 | -€1,977 | -14.3% |
| Cash at bank and in hand | 54/58 | €914 | €2,239 | +€1,325 | +145% |
| Deferred charges and accrued income | 490/1 | €536 | €348 | -€188 | -35.1% |
| Total equity and liabilities | 10/49 | €82,313 | €67,638 | -€14,675 | -17.8% |
| Equity | 10/15 | €57,786 | €65,072 | +€7,286 | +12.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,472 | €17,472 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,203 | €8,203 | = | 0.0% |
| Distributable reserves | 133 | €7,409 | €7,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,114 | €41,400 | +€7,286 | +21.4% |
| Amounts payable | 17/49 | €24,527 | €2,566 | -€21,961 | -89.5% |
| Amounts payable after more than one year | 17 | €15,148 | - | -€15,148 | |
| Financial debts | 170/4 | €15,148 | - | -€15,148 | |
| Amounts payable within one year | 42/48 | €9,380 | €2,566 | -€6,814 | -72.6% |
| Current portion of amounts payable after more than one year | 42 | €1,000 | €514 | -€486 | -48.6% |
| Trade debts | 44 | €794 | €520 | -€274 | -34.5% |
| Suppliers | 440/4 | €794 | €520 | -€274 | -34.5% |
| Taxes, remuneration and social security | 45 | €7,585 | €1,532 | -€6,053 | -79.8% |
| Taxes | 450/3 | €7,585 | €1,532 | -€6,053 | -79.8% |
| Remuneration, social security and pensions | 62 | - | €296 | +€296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,531 | €15,621 | +€90 | +0.6% |
| Other operating charges | 640/8 | €127 | €101 | -€26 | -20.2% |
| Gross operating margin | 9900 | €8,561 | €24,841 | +€16,280 | +190% |
| Operating profit (loss) | 9901 | -€7,096 | €8,823 | +€15,920 | |
| Financial income | 75/76B | €628 | €618 | -€10 | -1.7% |
| Recurring financial income | 75 | €628 | €618 | -€10 | -1.7% |
| Financial charges | 65/66B | €1,177 | €432 | -€745 | -63.3% |
| Recurring financial charges | 65 | €1,177 | €432 | -€745 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,645 | €9,010 | +€16,654 | |
| Income taxes | 67/77 | €211 | €1,724 | +€1,513 | +716% |
| Profit (loss) for the period | 9904 | -€7,856 | €7,286 | +€15,142 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,856 | €7,286 | +€15,142 |
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 24 October 2026 via checked.be.