THR Management: 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.
THR Management
Largest movements
- Cash -€1,074
down €1,074 (-13.1%), from €8,225 to €7,150
mainly Net result for the year (-€1,074)
- Profit (loss) carried forward -€1,074
down €1,074 (-7.2%), from €14,921 to €13,847
- Taxes +€610
up €610, from -€305 to €305
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
- Gross operating margin +€9
up €9 (+2.5%), from -€349 to -€340
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 | €22,981 | €21,906 | -€1,074 | -4.7% |
| Current assets | 29/58 | €22,981 | €21,906 | -€1,074 | -4.7% |
| Amounts receivable within one year | 40/41 | €14,756 | €14,756 | = | 0.0% |
| Other amounts receivable | 41 | €14,756 | €14,756 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,225 | €7,150 | -€1,074 | -13.1% |
| Total equity and liabilities | 10/49 | €22,981 | €21,906 | -€1,074 | -4.7% |
| Equity | 10/15 | €22,981 | €21,906 | -€1,074 | -4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,921 | €13,847 | -€1,074 | -7.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€349 | -€340 | +€9 | +2.5% |
| Operating profit (loss) | 9901 | -€736 | -€740 | -€4 | -0.5% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€764 | -€770 | -€5 | -0.7% |
| Income taxes | 67/77 | -€305 | €305 | +€610 | |
| Profit (loss) for the period | 9904 | -€460 | -€1,074 | -€615 | -134% |
| Profit (loss) for the period to be appropriated | 9905 | -€460 | -€1,074 | -€615 | -134% |
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 15 October 2026 via checked.be.