THM 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.
THM CONSULTING
Largest movements
- Receivables after one year -€6,213
down €6,213 (-4.4%), from €141,909 to €135,696
- Profit (loss) carried forward -€6,577
down €6,577 (-8.7%), from €76,024 to €69,447
- Short-term financial debts -€4,437
down €4,437 (-73.6%), from €6,029 to €1,592
- Other debts +€3,057
up €3,057 (+411%), from €744 to €3,801
- Gross operating margin +€1,128
up €1,128 (+4.3%), from €26,179 to €27,306
- Financial charges +€896
up €896 (+43.7%), from €2,051 to €2,947
- Taxes -€727
down €727 (-8.8%), from €8,247 to €7,520
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,588 | €144,296 | -€7,291 | -4.8% |
| Fixed assets | 21/28 | €645 | €348 | -€298 | -46.1% |
| Tangible fixed assets | 22/27 | €595 | €298 | -€298 | -50.0% |
| Other tangible fixed assets | 26 | €595 | €298 | -€298 | -50.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €150,942 | €143,949 | -€6,994 | -4.6% |
| Amounts receivable after more than one year | 29 | €141,909 | €135,696 | -€6,213 | -4.4% |
| Other amounts receivable | 291 | €141,909 | €135,696 | -€6,213 | -4.4% |
| Amounts receivable within one year | 40/41 | €8,575 | €7,782 | -€793 | -9.2% |
| Trade receivables | 40 | €8,575 | €4,916 | -€3,659 | -42.7% |
| Other amounts receivable | 41 | - | €2,866 | +€2,866 | |
| Deferred charges and accrued income | 490/1 | €459 | €471 | +€12 | +2.7% |
| Total equity and liabilities | 10/49 | €151,588 | €144,296 | -€7,291 | -4.8% |
| Equity | 10/15 | €101,679 | €95,102 | -€6,577 | -6.5% |
| Contributions | 10/11 | €15,600 | €15,600 | = | 0.0% |
| Reserves | 13 | €10,056 | €10,056 | = | 0.0% |
| Distributable reserves | 133 | €10,056 | €10,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,024 | €69,447 | -€6,577 | -8.7% |
| Amounts payable | 17/49 | €49,908 | €49,194 | -€714 | -1.4% |
| Amounts payable within one year | 42/48 | €49,908 | €49,194 | -€714 | -1.4% |
| Financial debts | 43 | €6,029 | €1,592 | -€4,437 | -73.6% |
| Credit institutions | 430/8 | €6,029 | €1,592 | -€4,437 | -73.6% |
| Trade debts | 44 | €3,190 | €4,225 | +€1,034 | +32.4% |
| Suppliers | 440/4 | €3,190 | €4,225 | +€1,034 | +32.4% |
| Taxes, remuneration and social security | 45 | €39,944 | €39,577 | -€368 | -0.9% |
| Taxes | 450/3 | €39,944 | €39,577 | -€368 | -0.9% |
| Other amounts payable | 47/48 | €744 | €3,801 | +€3,057 | +411% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298 | €298 | = | 0.0% |
| Other operating charges | 640/8 | €999 | €812 | -€186 | -18.7% |
| Non-recurring operating charges | 66A | - | €3,716 | +€3,716 | |
| Gross operating margin | 9900 | €26,179 | €27,306 | +€1,128 | +4.3% |
| Operating profit (loss) | 9901 | €24,883 | €22,480 | -€2,402 | -9.7% |
| Financial income | 75/76B | €2,965 | €2,838 | -€127 | -4.3% |
| Recurring financial income | 75 | €2,965 | €2,838 | -€127 | -4.3% |
| Financial charges | 65/66B | €2,051 | €2,947 | +€896 | +43.7% |
| Recurring financial charges | 65 | €2,051 | €2,947 | +€896 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €25,796 | €22,371 | -€3,425 | -13.3% |
| Income taxes | 67/77 | €8,247 | €7,520 | -€727 | -8.8% |
| Profit (loss) for the period | 9904 | €17,549 | €14,852 | -€2,698 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,549 | €14,852 | -€2,698 | -15.4% |
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 13 October 2026 via checked.be.