THIERRY 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.
THIERRY CONSULTING
Largest movements
- Cash -€8,466
down €8,466 (-43.2%), from €19,602 to €11,137
mainly Trade debts (-€15,802) and Tax, wage and social debts (-€10,628)
- Receivables within one year -€5,854
down €5,854 (-9.6%), from €61,142 to €55,288
of which Trade receivables: -€4,336
- Tangible fixed assets -€3,122
down €3,122 (-21.8%), from €14,292 to €11,170
of which Furniture and vehicles: -€4,449
- Reserves +€18,805
up €18,805 (+75.9%), from €24,777 to €43,583
- Trade debts -€15,802
down €15,802 (-84.3%), from €18,750 to €2,948
- Tax, wage and social debts -€10,628
down €10,628 (-85.0%), from €12,504 to €1,876
of which Remuneration and social security: -€8,250
- Other debts -€7,016
down €7,016 (-25.0%), from €28,093 to €21,076
- Debts after one year -€2,417
down €2,417 (-56.7%), from €4,264 to €1,847
- Gross operating margin +€22,048
up €22,048 (+215%), from €10,242 to €32,290
- Taxes +€5,851
up €5,851 (+635%), from €921 to €6,773
- Depreciation +€393
up €393 (+7.2%), from €5,441 to €5,835
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,768 | €78,748 | -€17,020 | -17.8% |
| Fixed assets | 21/28 | €14,292 | €11,170 | -€3,122 | -21.8% |
| Tangible fixed assets | 22/27 | €14,292 | €11,170 | -€3,122 | -21.8% |
| Furniture and vehicles | 24 | €14,292 | €9,842 | -€4,449 | -31.1% |
| Other tangible fixed assets | 26 | - | €1,327 | +€1,327 | |
| Current assets | 29/58 | €81,476 | €67,578 | -€13,898 | -17.1% |
| Amounts receivable within one year | 40/41 | €61,142 | €55,288 | -€5,854 | -9.6% |
| Trade receivables | 40 | €59,563 | €55,228 | -€4,336 | -7.3% |
| Other amounts receivable | 41 | €1,579 | €60 | -€1,519 | -96.2% |
| Cash at bank and in hand | 54/58 | €19,602 | €11,137 | -€8,466 | -43.2% |
| Deferred charges and accrued income | 490/1 | €732 | €1,154 | +€422 | +57.6% |
| Total equity and liabilities | 10/49 | €95,768 | €78,748 | -€17,020 | -17.8% |
| Equity | 10/15 | €29,777 | €48,583 | +€18,805 | +63.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,777 | €43,583 | +€18,805 | +75.9% |
| Distributable reserves | 133 | €24,777 | €43,583 | +€18,805 | +75.9% |
| Amounts payable | 17/49 | €65,991 | €30,165 | -€35,826 | -54.3% |
| Amounts payable after more than one year | 17 | €4,264 | €1,847 | -€2,417 | -56.7% |
| Financial debts | 170/4 | €4,264 | €1,847 | -€2,417 | -56.7% |
| Amounts payable within one year | 42/48 | €61,714 | €28,318 | -€33,396 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €2,367 | €2,417 | +€50 | +2.1% |
| Trade debts | 44 | €18,750 | €2,948 | -€15,802 | -84.3% |
| Suppliers | 440/4 | €18,750 | €2,948 | -€15,802 | -84.3% |
| Taxes, remuneration and social security | 45 | €12,504 | €1,876 | -€10,628 | -85.0% |
| Taxes | 450/3 | €4,254 | €1,876 | -€2,378 | -55.9% |
| Remuneration and social security | 454/9 | €8,250 | - | -€8,250 | |
| Other amounts payable | 47/48 | €28,093 | €21,076 | -€7,016 | -25.0% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,441 | €5,835 | +€393 | +7.2% |
| Other operating charges | 640/8 | €706 | €506 | -€200 | -28.4% |
| Gross operating margin | 9900 | €10,242 | €32,290 | +€22,048 | +215% |
| Operating profit (loss) | 9901 | €4,095 | €25,950 | +€21,855 | +534% |
| Financial income | 75/76B | €75 | €0 | -€74 | -99.6% |
| Recurring financial income | 75 | €75 | €0 | -€74 | -99.6% |
| Financial charges | 65/66B | €381 | €372 | -€9 | -2.3% |
| Recurring financial charges | 65 | €381 | €372 | -€9 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €3,789 | €25,578 | +€21,789 | +575% |
| Income taxes | 67/77 | €921 | €6,773 | +€5,851 | +635% |
| Profit (loss) for the period | 9904 | €2,867 | €18,805 | +€15,938 | +556% |
| Profit (loss) for the period to be appropriated | 9905 | €2,867 | €18,805 | +€15,938 | +556% |
Source: filed annual accounts (NBB), financial years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.