THMA 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.
THMA Consulting
Largest movements
- Cash +€13,476
up €13,476 (+52.2%), from €25,838 to €39,314
mainly Net result for the year (+€22,841) and Debts after one year (+€11,511)
- Deferred charges and accrued income +€6,558
up €6,558 (+489%), from €1,340 to €7,898
- Tangible fixed assets -€4,443
down €4,443 (-2.8%), from €161,036 to €156,593
of which Land and buildings: -€3,632
- Other debts -€26,033
no longer reported in 2025 (was €26,033)
- Reserves +€22,841
up €22,841 (+22.8%), from €100,147 to €122,988
- Debts after one year +€11,511
up €11,511 (+43.1%), from €26,705 to €38,216
of which Other amounts payable: +€32,834
- Tax, wage and social debts +€7,043
up €7,043 (+132%), from €5,345 to €12,388
of which Taxes: +€4,043
- Gross operating margin +€6,250
up €6,250 (+15.5%), from €40,397 to €46,647
- Financial charges +€2,352
up €2,352 (+186%), from €1,265 to €3,617
- Taxes +€2,313
up €2,313 (+24.8%), from €9,331 to €11,644
- Other operating charges -€1,105
down €1,105 (-54.9%), from €2,012 to €907
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 | €189,429 | €204,507 | +€15,078 | +8.0% |
| Fixed assets | 21/28 | €161,036 | €156,593 | -€4,443 | -2.8% |
| Tangible fixed assets | 22/27 | €161,036 | €156,593 | -€4,443 | -2.8% |
| Land and buildings | 22 | €157,336 | €153,703 | -€3,632 | -2.3% |
| Plant, machinery and equipment | 23 | €3,334 | €2,889 | -€445 | -13.3% |
| Furniture and vehicles | 24 | €366 | - | -€366 | |
| Current assets | 29/58 | €28,393 | €47,915 | +€19,522 | +68.8% |
| Amounts receivable within one year | 40/41 | €1,215 | €703 | -€512 | -42.1% |
| Trade receivables | 40 | €512 | - | -€512 | |
| Other amounts receivable | 41 | €703 | €703 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,838 | €39,314 | +€13,476 | +52.2% |
| Deferred charges and accrued income | 490/1 | €1,340 | €7,898 | +€6,558 | +489% |
| Total equity and liabilities | 10/49 | €189,429 | €204,507 | +€15,078 | +8.0% |
| Equity | 10/15 | €106,347 | €129,188 | +€22,841 | +21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,147 | €122,988 | +€22,841 | +22.8% |
| Distributable reserves | 133 | €100,147 | €122,988 | +€22,841 | +22.8% |
| Amounts payable | 17/49 | €83,082 | €75,319 | -€7,762 | -9.3% |
| Amounts payable after more than one year | 17 | €26,705 | €38,216 | +€11,511 | +43.1% |
| Financial debts | 170/4 | €26,705 | €5,382 | -€21,323 | -79.8% |
| Other amounts payable | 178/9 | - | €32,834 | +€32,834 | |
| Amounts payable within one year | 42/48 | €56,377 | €37,103 | -€19,274 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €20,999 | €21,323 | +€324 | +1.5% |
| Trade debts | 44 | €3,999 | €3,392 | -€607 | -15.2% |
| Suppliers | 440/4 | €3,999 | €3,392 | -€607 | -15.2% |
| Taxes, remuneration and social security | 45 | €5,345 | €12,388 | +€7,043 | +132% |
| Taxes | 450/3 | €5,345 | €9,388 | +€4,043 | +75.6% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €26,033 | - | -€26,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,020 | €7,638 | -€381 | -4.8% |
| Other operating charges | 640/8 | €2,012 | €907 | -€1,105 | -54.9% |
| Gross operating margin | 9900 | €40,397 | €46,647 | +€6,250 | +15.5% |
| Operating profit (loss) | 9901 | €30,366 | €38,102 | +€7,736 | +25.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +4,300% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +4,300% |
| Financial charges | 65/66B | €1,265 | €3,617 | +€2,352 | +186% |
| Recurring financial charges | 65 | €1,265 | €3,617 | +€2,352 | +186% |
| Profit (loss) for the period before taxes | 9903 | €29,101 | €34,485 | +€5,384 | +18.5% |
| Income taxes | 67/77 | €9,331 | €11,644 | +€2,313 | +24.8% |
| Profit (loss) for the period | 9904 | €19,770 | €22,841 | +€3,071 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,770 | €22,841 | +€3,071 | +15.5% |
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 29 October 2026 via checked.be.