Tholar 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.
Tholar Consulting
Largest movements
- Receivables within one year +€24,732
up €24,732 (+675%), from €3,663 to €28,395
of which Trade receivables: +€28,273
- Cash -€15,557
down €15,557 (-84.9%), from €18,323 to €2,766
mainly Receivables within one year (-€24,732) and Trade debts (-€1,965)
- Tangible fixed assets -€3,490
down €3,490 (-24.0%), from €14,565 to €11,074
of which Plant, machinery and equipment: -€3,009
- Profit (loss) carried forward +€8,659
up €8,659 (+45.3%), from -€19,120 to -€10,461
- Trade debts -€1,965
down €1,965 (-20.9%), from €9,399 to €7,434
- Accrued charges and deferred income -€1,494
down €1,494 (-100%), from €1,494 to €0
- Tax, wage and social debts +€993
up €993 (+144%), from €689 to €1,682
- Other debts -€469
down €469 (-22.5%), from €2,086 to €1,617
- Gross operating margin +€6,823
up €6,823 (+94.5%), from €7,222 to €14,045
- Depreciation +€2,072
up €2,072 (+146%), from €1,419 to €3,490
- Financial charges -€1,249
down €1,249 (-67.3%), from €1,856 to €607
- Financial income +€304
up €304 (+275%), from €111 to €415
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 | €38,099 | €43,823 | +€5,724 | +15.0% |
| Fixed assets | 21/28 | €14,815 | €11,324 | -€3,490 | -23.6% |
| Tangible fixed assets | 22/27 | €14,565 | €11,074 | -€3,490 | -24.0% |
| Plant, machinery and equipment | 23 | €13,385 | €10,376 | -€3,009 | -22.5% |
| Furniture and vehicles | 24 | €1,180 | €698 | -€482 | -40.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €23,284 | €32,498 | +€9,214 | +39.6% |
| Amounts receivable within one year | 40/41 | €3,663 | €28,395 | +€24,732 | +675% |
| Trade receivables | 40 | €0 | €28,273 | +€28,273 | |
| Other amounts receivable | 41 | €3,663 | €122 | -€3,542 | -96.7% |
| Cash at bank and in hand | 54/58 | €18,323 | €2,766 | -€15,557 | -84.9% |
| Deferred charges and accrued income | 490/1 | €1,298 | €1,337 | +€39 | +3.0% |
| Total equity and liabilities | 10/49 | €38,099 | €43,823 | +€5,724 | +15.0% |
| Equity | 10/15 | -€570 | €8,089 | +€8,659 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,120 | -€10,461 | +€8,659 | +45.3% |
| Amounts payable | 17/49 | €38,668 | €35,733 | -€2,935 | -7.6% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,174 | €10,733 | -€1,441 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €9,399 | €7,434 | -€1,965 | -20.9% |
| Suppliers | 440/4 | €9,399 | €7,434 | -€1,965 | -20.9% |
| Taxes, remuneration and social security | 45 | €689 | €1,682 | +€993 | +144% |
| Taxes | 450/3 | €689 | €1,682 | +€993 | +144% |
| Other amounts payable | 47/48 | €2,086 | €1,617 | -€469 | -22.5% |
| Accrued charges and deferred income | 492/3 | €1,494 | €0 | -€1,494 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,419 | €3,490 | +€2,072 | +146% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,369 | €1,412 | +€43 | +3.1% |
| Gross operating margin | 9900 | €7,222 | €14,045 | +€6,823 | +94.5% |
| Operating profit (loss) | 9901 | €4,434 | €9,143 | +€4,708 | +106% |
| Financial income | 75/76B | €111 | €415 | +€304 | +275% |
| Recurring financial income | 75 | €111 | €415 | +€304 | +275% |
| Financial charges | 65/66B | €1,856 | €607 | -€1,249 | -67.3% |
| Recurring financial charges | 65 | €1,856 | €607 | -€1,249 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €2,689 | €8,950 | +€6,261 | +233% |
| Income taxes | 67/77 | €292 | €291 | -€1 | -0.4% |
| Profit (loss) for the period | 9904 | €2,397 | €8,659 | +€6,262 | +261% |
| Profit (loss) for the period to be appropriated | 9905 | €2,397 | €8,659 | +€6,262 | +261% |
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 27 October 2026 via checked.be.