ToHo Consulting: 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.
ToHo Consulting
Largest movements
- Tangible fixed assets +€29,554
up €29,554 (+744.6%), from €3,969 to €33,524
of which Furniture and vehicles: +€30,214
- Receivables within one year -€7,804
down €7,804 (-57.4%), from €13,590 to €5,786
of which Other amounts receivable: -€6,726
- Cash -€6,654
down €6,654 (-20.2%), from €32,903 to €26,249
mainly Investment in fixed assets (net) (-€35,986) and Debts after one year (-€32,565)
- Current portion of long-term debt +€37,365
up €37,365 (+174.7%), from €21,388 to €58,754
- Debts after one year -€32,565
down €32,565 (-7.5%), from €432,612 to €400,046
- Accrued charges and deferred income +€8,717
up €8,717 (+564.8%), from €1,543 to €10,260
- Gross operating margin -€54,653
down €54,653 (-68.8%), from €79,468 to €24,815
- Financial charges +€13,272
up €13,272 (+175.9%), from €7,544 to €20,817
- Taxes -€12,136
down €12,136 (-97.7%), from €12,428 to €292
- Depreciation +€5,980
up €5,980 (+1322.2%), from €452 to €6,432
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 | €525,462 | €540,558 | +€15,096 | +2.9% |
| Fixed assets | 21/28 | €478,969 | €508,524 | +€29,554 | +6.2% |
| Tangible fixed assets | 22/27 | €3,969 | €33,524 | +€29,554 | +744.6% |
| Plant, machinery and equipment | 23 | €2,943 | €2,284 | -€660 | -22.4% |
| Furniture and vehicles | 24 | €1,026 | €31,240 | +€30,214 | +2944.9% |
| Financial fixed assets | 28 | €475,000 | €475,000 | = | 0.0% |
| Current assets | 29/58 | €46,493 | €32,034 | -€14,459 | -31.1% |
| Amounts receivable within one year | 40/41 | €13,590 | €5,786 | -€7,804 | -57.4% |
| Trade receivables | 40 | €3,156 | €2,077 | -€1,078 | -34.2% |
| Other amounts receivable | 41 | €10,434 | €3,708 | -€6,726 | -64.5% |
| Cash at bank and in hand | 54/58 | €32,903 | €26,249 | -€6,654 | -20.2% |
| Total equity and liabilities | 10/49 | €525,462 | €540,558 | +€15,096 | +2.9% |
| Equity | 10/15 | €42,271 | €39,272 | -€2,999 | -7.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,271 | €36,272 | -€2,999 | -7.6% |
| Distributable reserves | 133 | €39,271 | €36,272 | -€2,999 | -7.6% |
| Amounts payable | 17/49 | €483,191 | €501,286 | +€18,095 | +3.7% |
| Amounts payable after more than one year | 17 | €432,612 | €400,046 | -€32,565 | -7.5% |
| Financial debts | 170/4 | €432,612 | €400,046 | -€32,565 | -7.5% |
| Amounts payable within one year | 42/48 | €49,036 | €90,980 | +€41,943 | +85.5% |
| Current portion of amounts payable after more than one year | 42 | €21,388 | €58,754 | +€37,365 | +174.7% |
| Trade debts | 44 | €3,129 | €1,223 | -€1,907 | -60.9% |
| Suppliers | 440/4 | €3,129 | €1,223 | -€1,907 | -60.9% |
| Taxes, remuneration and social security | 45 | €14,271 | €18,674 | +€4,403 | +30.9% |
| Taxes | 450/3 | €14,271 | €18,674 | +€4,403 | +30.9% |
| Other amounts payable | 47/48 | €10,248 | €12,329 | +€2,081 | +20.3% |
| Accrued charges and deferred income | 492/3 | €1,543 | €10,260 | +€8,717 | +564.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €452 | €6,432 | +€5,980 | +1322.2% |
| Other operating charges | 640/8 | €311 | €273 | -€38 | -12.1% |
| Gross operating margin | 9900 | €79,468 | €24,815 | -€54,653 | -68.8% |
| Operating profit (loss) | 9901 | €78,705 | €18,109 | -€60,595 | -77.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +300.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +300.0% |
| Financial charges | 65/66B | €7,544 | €20,817 | +€13,272 | +175.9% |
| Recurring financial charges | 65 | €7,544 | €20,817 | +€13,272 | +175.9% |
| Profit (loss) for the period before taxes | 9903 | €71,161 | -€2,707 | -€73,868 | |
| Income taxes | 67/77 | €12,428 | €292 | -€12,136 | -97.7% |
| Profit (loss) for the period | 9904 | €58,732 | -€2,999 | -€61,731 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,732 | -€2,999 | -€61,731 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.