TNH SERVICES: 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.
TNH SERVICES
Largest movements
- Receivables within one year +€112,806
up €112,806 (+321%), from €35,109 to €147,915
of which Trade receivables: +€112,420
- Tangible fixed assets +€38,114
up €38,114 (+114%), from €33,462 to €71,576
- Cash -€7,956
down €7,956 (-16.2%), from €49,123 to €41,167
- Trade debts +€134,919
up €134,919 (+233%), from €57,890 to €192,809
- Profit (loss) carried forward +€14,713
up €14,713 (+103%), from €14,306 to €29,019
- Other debts -€4,560
down €4,560 (-26.2%), from €17,380 to €12,820
- Gross operating margin +€48,406
up €48,406 (+248%), from €19,556 to €67,962
- Depreciation +€19,441
up €19,441 (+208%), from €9,355 to €28,796
- Staff costs +€13,110
up €13,110 (+310%), from €4,225 to €17,335
- Other operating charges +€6,517
up €6,517 (+461%), from €1,415 to €7,932
- Taxes +€2,299
up €2,299 (+261%), from €880 to €3,179
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,814 | €263,389 | +€145,576 | +124% |
| Fixed assets | 21/28 | €33,462 | €71,576 | +€38,114 | +114% |
| Tangible fixed assets | 22/27 | €33,462 | €71,576 | +€38,114 | +114% |
| Furniture and vehicles | 24 | €33,462 | €71,576 | +€38,114 | +114% |
| Current assets | 29/58 | €84,352 | €191,813 | +€107,461 | +127% |
| Amounts receivable within one year | 40/41 | €35,109 | €147,915 | +€112,806 | +321% |
| Trade receivables | 40 | €32,750 | €145,170 | +€112,420 | +343% |
| Other amounts receivable | 41 | €2,359 | €2,745 | +€386 | +16.4% |
| Cash at bank and in hand | 54/58 | €49,123 | €41,167 | -€7,956 | -16.2% |
| Deferred charges and accrued income | 490/1 | €119 | €2,731 | +€2,611 | +2,188% |
| Total equity and liabilities | 10/49 | €117,814 | €263,389 | +€145,576 | +124% |
| Equity | 10/15 | €29,306 | €44,019 | +€14,713 | +50.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,306 | €29,019 | +€14,713 | +103% |
| Amounts payable | 17/49 | €88,508 | €219,370 | +€130,862 | +148% |
| Amounts payable within one year | 42/48 | €88,508 | €219,370 | +€130,862 | +148% |
| Trade debts | 44 | €57,890 | €192,809 | +€134,919 | +233% |
| Suppliers | 440/4 | €57,890 | €192,809 | +€134,919 | +233% |
| Taxes, remuneration and social security | 45 | €13,237 | €13,741 | +€504 | +3.8% |
| Taxes | 450/3 | €3,686 | €3,064 | -€622 | -16.9% |
| Remuneration and social security | 454/9 | €9,552 | €10,677 | +€1,126 | +11.8% |
| Other amounts payable | 47/48 | €17,380 | €12,820 | -€4,560 | -26.2% |
| Remuneration, social security and pensions | 62 | €4,225 | €17,335 | +€13,110 | +310% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,355 | €28,796 | +€19,441 | +208% |
| Other operating charges | 640/8 | €1,415 | €7,932 | +€6,517 | +461% |
| Gross operating margin | 9900 | €19,556 | €67,962 | +€48,406 | +248% |
| Operating profit (loss) | 9901 | €4,562 | €13,900 | +€9,338 | +205% |
| Financial charges | 65/66B | €161 | €201 | +€41 | +25.4% |
| Recurring financial charges | 65 | €161 | €201 | +€41 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €4,401 | €13,698 | +€9,297 | +211% |
| Income taxes | 67/77 | €880 | €3,179 | +€2,299 | +261% |
| Profit (loss) for the period | 9904 | €3,521 | €10,519 | +€6,998 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €3,521 | €10,519 | +€6,998 | +199% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.