THS CONSULT: 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.
THS CONSULT
Largest movements
- Receivables within one year +€49,282
up €49,282 (+58.3%), from €84,512 to €133,794
of which Other amounts receivable: +€66,160
- Tangible fixed assets +€16,377
up €16,377 (+217%), from €7,533 to €23,910
of which Plant, machinery and equipment: +€13,959
- Advances received +€30,791
new in 2025: €30,791
- Trade debts +€18,543
up €18,543 (+540%), from €3,437 to €21,980
- Current portion of long-term debt +€11,312
up €11,312 (+114%), from €9,913 to €21,225
- Profit (loss) carried forward +€9,593
up €9,593 (+27.0%), from -€35,514 to -€25,921
- Other debts -€4,825
no longer reported in 2025 (was €4,825)
- Gross operating margin -€45,978
down €45,978 (-72.0%), from €63,889 to €17,911
- Staff costs -€34,580
no longer reported in 2025 (was €34,580)
- Financial income +€1,878
up €1,878 (+187,816%), from €1 to €1,879
- Depreciation +€1,311
up €1,311 (+38.3%), from €3,426 to €4,737
- Financial charges +€1,154
up €1,154 (+51.4%), from €2,243 to €3,397
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 | €127,786 | €194,596 | +€66,810 | +52.3% |
| Fixed assets | 21/28 | €9,683 | €26,060 | +€16,377 | +169% |
| Tangible fixed assets | 22/27 | €7,533 | €23,910 | +€16,377 | +217% |
| Plant, machinery and equipment | 23 | €1,136 | €15,095 | +€13,959 | +1,229% |
| Furniture and vehicles | 24 | €3,625 | €2,278 | -€1,347 | -37.2% |
| Other tangible fixed assets | 26 | €2,772 | €6,537 | +€3,765 | +136% |
| Financial fixed assets | 28 | €2,150 | €2,150 | = | 0.0% |
| Current assets | 29/58 | €118,103 | €168,536 | +€50,433 | +42.7% |
| Stocks and contracts in progress | 3 | €24,456 | €24,456 | +€0 | 0.0% |
| Stocks | 30/36 | €24,456 | €24,456 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €84,512 | €133,794 | +€49,282 | +58.3% |
| Trade receivables | 40 | €84,512 | €67,634 | -€16,878 | -20.0% |
| Other amounts receivable | 41 | - | €66,160 | +€66,160 | |
| Cash at bank and in hand | 54/58 | €7,111 | €7,546 | +€435 | +6.1% |
| Deferred charges and accrued income | 490/1 | €2,024 | €2,740 | +€716 | +35.4% |
| Total equity and liabilities | 10/49 | €127,786 | €194,596 | +€66,810 | +52.3% |
| Equity | 10/15 | €26,086 | €35,679 | +€9,593 | +36.8% |
| Contributions | 10/11 | €61,600 | €61,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,514 | -€25,921 | +€9,593 | +27.0% |
| Amounts payable | 17/49 | €101,700 | €158,918 | +€57,218 | +56.3% |
| Amounts payable after more than one year | 17 | €68,880 | €65,949 | -€2,931 | -4.3% |
| Financial debts | 170/4 | €68,880 | €65,949 | -€2,931 | -4.3% |
| Amounts payable within one year | 42/48 | €32,820 | €92,969 | +€60,149 | +183% |
| Current portion of amounts payable after more than one year | 42 | €9,913 | €21,225 | +€11,312 | +114% |
| Trade debts | 44 | €3,437 | €21,980 | +€18,543 | +540% |
| Suppliers | 440/4 | €3,437 | €21,980 | +€18,543 | +540% |
| Advances received on contracts in progress | 46 | - | €30,791 | +€30,791 | |
| Taxes, remuneration and social security | 45 | €14,645 | €18,972 | +€4,327 | +29.5% |
| Taxes | 450/3 | €11,945 | €5,472 | -€6,473 | -54.2% |
| Remuneration and social security | 454/9 | €2,700 | €13,500 | +€10,800 | +400% |
| Other amounts payable | 47/48 | €4,825 | - | -€4,825 | |
| Non-recurring operating income | 76A | €6,880 | - | -€6,880 | |
| Remuneration, social security and pensions | 62 | €34,580 | - | -€34,580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,426 | €4,737 | +€1,311 | +38.3% |
| Other operating charges | 640/8 | €585 | €1,735 | +€1,150 | +197% |
| Gross operating margin | 9900 | €63,889 | €17,911 | -€45,978 | -72.0% |
| Operating profit (loss) | 9901 | €25,298 | €11,439 | -€13,859 | -54.8% |
| Financial income | 75/76B | €1 | €1,879 | +€1,878 | +187,816% |
| Recurring financial income | 75 | €1 | €1,879 | +€1,878 | +187,816% |
| Financial charges | 65/66B | €2,243 | €3,397 | +€1,154 | +51.4% |
| Recurring financial charges | 65 | €2,243 | €3,397 | +€1,154 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €23,056 | €9,922 | -€13,134 | -57.0% |
| Income taxes | 67/77 | €213 | €330 | +€117 | +54.8% |
| Profit (loss) for the period | 9904 | €22,843 | €9,592 | -€13,251 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,843 | €9,592 | -€13,251 | -58.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.