THOTH GLOBAL PROJECT MANAGEMENT: what changed
Two fiscal 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.
THOTH GLOBAL PROJECT MANAGEMENT
Largest movements
- Cash +€5,669
up €5,669 (+935.4%), from €606 to €6,275
mainly Other debts (+€6,660) and Stocks and contracts (+€4,099)
- Stocks and contracts -€4,099
down €4,099 (-90.0%), from €4,556 to €457
- Receivables within one year -€3,132
down €3,132 (-78.4%), from €3,996 to €864
of which Trade receivables: -€2,044
- Deferred charges and accrued income +€1,533
up €1,533 (+420.1%), from €365 to €1,898
- Tangible fixed assets +€792
new in 2025: €792
- Profit (loss) carried forward -€6,932
down €6,932 (-9.3%), from -€74,491 to -€81,422
- Other debts +€6,660
up €6,660 (+27.1%), from €24,539 to €31,198
- Trade debts +€582
up €582 (+23.1%), from €2,527 to €3,109
- Tax, wage and social debts +€454
new in 2025: €454
- Gross operating margin -€2,010
down €2,010 (-138.9%), from -€1,447 to -€3,457
- Financial charges +€922
up €922 (+43.8%), from €2,105 to €3,028
- Depreciation +€160
new in 2025: €160
- Other operating charges -€50
down €50 (-14.8%), from €337 to €287
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.
Cash bridge derived
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 | €9,522 | €10,286 | +€764 | +8.0% |
| Fixed assets | 21/28 | - | €792 | +€792 | |
| Tangible fixed assets | 22/27 | - | €792 | +€792 | |
| Plant, machinery and equipment | 23 | - | €792 | +€792 | |
| Current assets | 29/58 | €9,522 | €9,495 | -€28 | -0.3% |
| Stocks and contracts in progress | 3 | €4,556 | €457 | -€4,099 | -90.0% |
| Stocks | 30/36 | €4,556 | €457 | -€4,099 | -90.0% |
| Amounts receivable within one year | 40/41 | €3,996 | €864 | -€3,132 | -78.4% |
| Trade receivables | 40 | €2,907 | €864 | -€2,044 | -70.3% |
| Other amounts receivable | 41 | €1,088 | - | -€1,088 | |
| Cash at bank and in hand | 54/58 | €606 | €6,275 | +€5,669 | +935.4% |
| Deferred charges and accrued income | 490/1 | €365 | €1,898 | +€1,533 | +420.1% |
| Total equity and liabilities | 10/49 | €9,522 | €10,286 | +€764 | +8.0% |
| Equity | 10/15 | -€52,543 | -€59,475 | -€6,932 | -13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,347 | €3,347 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,487 | €1,487 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,491 | -€81,422 | -€6,932 | -9.3% |
| Amounts payable | 17/49 | €62,066 | €69,761 | +€7,696 | +12.4% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,066 | €59,761 | +€7,696 | +14.8% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €2,527 | €3,109 | +€582 | +23.1% |
| Suppliers | 440/4 | €2,527 | €3,109 | +€582 | +23.1% |
| Taxes, remuneration and social security | 45 | - | €454 | +€454 | |
| Taxes | 450/3 | - | €454 | +€454 | |
| Other amounts payable | 47/48 | €24,539 | €31,198 | +€6,660 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €160 | +€160 | |
| Other operating charges | 640/8 | €337 | €287 | -€50 | -14.8% |
| Gross operating margin | 9900 | -€1,447 | -€3,457 | -€2,010 | -138.9% |
| Operating profit (loss) | 9901 | -€1,784 | -€3,904 | -€2,120 | -118.8% |
| Financial charges | 65/66B | €2,105 | €3,028 | +€922 | +43.8% |
| Recurring financial charges | 65 | €2,105 | €3,028 | +€922 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,889 | -€6,932 | -€3,042 | -78.2% |
| Profit (loss) for the period | 9904 | -€3,889 | -€6,932 | -€3,042 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,889 | -€6,932 | -€3,042 | -78.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.