THILOU 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.
THILOU CONSULTING
Largest movements
- Receivables within one year +€69,231
up €69,231 (+118%), from €58,837 to €128,068
of which Other amounts receivable: +€73,538
- Tangible fixed assets -€53,745
down €53,745 (-8.5%), from €635,794 to €582,049
of which Land and buildings: -€48,487
- Cash -€45,784
down €45,784 (-30.6%), from €149,798 to €104,014
mainly Contributions, distributions and other (-€257,676) and Receivables within one year (-€69,231)
- Other debts +€256,919
up €256,919 (+8,614%), from €2,982 to €259,901
- Reserves -€235,943
down €235,943 (-27.3%), from €864,271 to €628,328
of which Distributable reserves: -€235,943
- Debts after one year -€25,576
down €25,576 (-17.2%), from €148,836 to €123,259
of which Financial debts: -€25,576
- Financial income -€51,756
down €51,756 (-51.1%), from €101,325 to €49,569
- Gross operating margin -€49,548
down €49,548 (-43.4%), from €114,077 to €64,529
- Taxes -€18,373
down €18,373 (-69.2%), from €26,543 to €8,170
- Other operating charges -€6,741
down €6,741 (-45.1%), from €14,961 to €8,220
- Financial charges -€3,334
down €3,334 (-25.4%), from €13,107 to €9,773
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 | €1,664,743 | €1,634,216 | -€30,527 | -1.8% |
| Fixed assets | 21/28 | €1,326,234 | €1,272,489 | -€53,745 | -4.1% |
| Tangible fixed assets | 22/27 | €635,794 | €582,049 | -€53,745 | -8.5% |
| Land and buildings | 22 | €608,645 | €560,158 | -€48,487 | -8.0% |
| Furniture and vehicles | 24 | €27,149 | €21,891 | -€5,258 | -19.4% |
| Financial fixed assets | 28 | €690,440 | €690,440 | = | 0.0% |
| Current assets | 29/58 | €338,508 | €361,726 | +€23,218 | +6.9% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,837 | €128,068 | +€69,231 | +118% |
| Trade receivables | 40 | €4,307 | €0 | -€4,307 | -100% |
| Other amounts receivable | 41 | €54,530 | €128,068 | +€73,538 | +135% |
| Cash at bank and in hand | 54/58 | €149,798 | €104,014 | -€45,784 | -30.6% |
| Deferred charges and accrued income | 490/1 | €4,873 | €4,644 | -€229 | -4.7% |
| Total equity and liabilities | 10/49 | €1,664,743 | €1,634,216 | -€30,527 | -1.8% |
| Equity | 10/15 | €1,443,885 | €1,207,942 | -€235,943 | -16.3% |
| Contributions | 10/11 | €57,997 | €57,997 | = | 0.0% |
| Reserves | 13 | €864,271 | €628,328 | -€235,943 | -27.3% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €864,271 | €628,328 | -€235,943 | -27.3% |
| Profit (loss) carried forward | 14 | €521,618 | €521,618 | = | 0.0% |
| Amounts payable | 17/49 | €220,858 | €426,273 | +€205,416 | +93.0% |
| Amounts payable after more than one year | 17 | €148,836 | €123,259 | -€25,576 | -17.2% |
| Financial debts | 170/4 | €120,253 | €94,677 | -€25,576 | -21.3% |
| Other amounts payable | 178/9 | €28,582 | €28,582 | = | 0.0% |
| Amounts payable within one year | 42/48 | €70,400 | €301,364 | +€230,964 | +328% |
| Current portion of amounts payable after more than one year | 42 | €34,414 | €25,576 | -€8,838 | -25.7% |
| Trade debts | 44 | €7,955 | €1,789 | -€6,166 | -77.5% |
| Suppliers | 440/4 | €7,955 | €1,789 | -€6,166 | -77.5% |
| Taxes, remuneration and social security | 45 | €25,049 | €14,098 | -€10,951 | -43.7% |
| Taxes | 450/3 | €25,027 | €14,076 | -€10,951 | -43.8% |
| Remuneration and social security | 454/9 | €22 | €22 | +€1 | +2.4% |
| Other amounts payable | 47/48 | €2,982 | €259,901 | +€256,919 | +8,614% |
| Accrued charges and deferred income | 492/3 | €1,622 | €1,650 | +€28 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,645 | €66,201 | +€2,556 | +4.0% |
| Other operating charges | 640/8 | €14,961 | €8,220 | -€6,741 | -45.1% |
| Gross operating margin | 9900 | €114,077 | €64,529 | -€49,548 | -43.4% |
| Operating profit (loss) | 9901 | €35,471 | -€9,893 | -€45,364 | |
| Financial income | 75/76B | €101,325 | €49,569 | -€51,756 | -51.1% |
| Recurring financial income | 75 | €101,325 | €49,569 | -€51,756 | -51.1% |
| Financial charges | 65/66B | €13,107 | €9,773 | -€3,334 | -25.4% |
| Recurring financial charges | 65 | €13,107 | €9,773 | -€3,334 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €123,688 | €29,903 | -€93,785 | -75.8% |
| Income taxes | 67/77 | €26,543 | €8,170 | -€18,373 | -69.2% |
| Profit (loss) for the period | 9904 | €97,145 | €21,733 | -€75,412 | -77.6% |
| Transfer from tax-exempt reserves | 789 | €45,083 | €0 | -€45,083 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €142,228 | €21,733 | -€120,495 | -84.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.