BANGKOK: 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.
BANGKOK
Largest movements
- Receivables within one year +€58,870
up €58,870 (+129%), from €45,742 to €104,612
of which Trade receivables: +€50,997
- Cash +€21,707
up €21,707 (+102%), from €21,192 to €42,899
mainly Trade debts (+€35,852) and Net result for the year (+€20,553)
- Deferred charges and accrued income +€1,884
up €1,884 (+53.1%), from €3,549 to €5,433
- Trade debts +€35,852
up €35,852 (+461%), from €7,783 to €43,635
- Profit (loss) carried forward +€20,553
up €20,553 (+12.0%), from -€171,294 to -€150,741
- Tax, wage and social debts +€19,882
up €19,882 (+56.1%), from €35,416 to €55,298
of which Taxes: +€12,371
- Current portion of long-term debt +€4,190
up €4,190 (+44.5%), from €9,422 to €13,612
- Other debts +€3,887
up €3,887 (+23.1%), from €16,858 to €20,746
- Gross operating margin +€18,147
up €18,147 (+27.6%), from €65,718 to €83,866
- Taxes +€4,235
up €4,235 (+175%), from €2,423 to €6,658
- Depreciation -€3,554
down €3,554 (-36.3%), from €9,801 to €6,247
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 | €87,047 | €168,307 | +€81,261 | +93.4% |
| Fixed assets | 21/28 | €16,564 | €15,363 | -€1,201 | -7.2% |
| Tangible fixed assets | 22/27 | €16,274 | €15,073 | -€1,201 | -7.4% |
| Plant, machinery and equipment | 23 | €379 | €222 | -€157 | -41.4% |
| Furniture and vehicles | 24 | €4,724 | €6,034 | +€1,310 | +27.7% |
| Other tangible fixed assets | 26 | €11,170 | €8,817 | -€2,353 | -21.1% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €70,483 | €152,944 | +€82,461 | +117% |
| Amounts receivable within one year | 40/41 | €45,742 | €104,612 | +€58,870 | +129% |
| Trade receivables | 40 | €31,703 | €82,700 | +€50,997 | +161% |
| Other amounts receivable | 41 | €14,039 | €21,912 | +€7,873 | +56.1% |
| Cash at bank and in hand | 54/58 | €21,192 | €42,899 | +€21,707 | +102% |
| Deferred charges and accrued income | 490/1 | €3,549 | €5,433 | +€1,884 | +53.1% |
| Total equity and liabilities | 10/49 | €87,047 | €168,307 | +€81,261 | +93.4% |
| Equity | 10/15 | €16,756 | €34,677 | +€17,921 | +107% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €178,050 | €175,418 | -€2,632 | -1.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €178,050 | €175,418 | -€2,632 | -1.5% |
| Profit (loss) carried forward | 14 | -€171,294 | -€150,741 | +€20,553 | +12.0% |
| Amounts payable | 17/49 | €70,290 | €133,630 | +€63,340 | +90.1% |
| Amounts payable within one year | 42/48 | €70,290 | €133,627 | +€63,336 | +90.1% |
| Current portion of amounts payable after more than one year | 42 | €9,422 | €13,612 | +€4,190 | +44.5% |
| Financial debts | 43 | €811 | €336 | -€475 | -58.6% |
| Credit institutions | 430/8 | €811 | €336 | -€475 | -58.6% |
| Trade debts | 44 | €7,783 | €43,635 | +€35,852 | +461% |
| Suppliers | 440/4 | €7,783 | €43,635 | +€35,852 | +461% |
| Taxes, remuneration and social security | 45 | €35,416 | €55,298 | +€19,882 | +56.1% |
| Taxes | 450/3 | €7,058 | €19,429 | +€12,371 | +175% |
| Remuneration and social security | 454/9 | €28,358 | €35,869 | +€7,511 | +26.5% |
| Other amounts payable | 47/48 | €16,858 | €20,746 | +€3,887 | +23.1% |
| Accrued charges and deferred income | 492/3 | €0 | €3 | +€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,801 | €6,247 | -€3,554 | -36.3% |
| Other operating charges | 640/8 | €46,497 | €46,378 | -€119 | -0.3% |
| Gross operating margin | 9900 | €65,718 | €83,866 | +€18,147 | +27.6% |
| Operating profit (loss) | 9901 | €9,421 | €31,241 | +€21,820 | +232% |
| Financial income | 75/76B | €152 | €234 | +€81 | +53.2% |
| Recurring financial income | 75 | €152 | €234 | +€81 | +53.2% |
| Financial charges | 65/66B | €4,092 | €4,265 | +€173 | +4.2% |
| Recurring financial charges | 65 | €4,092 | €4,265 | +€173 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €5,482 | €27,210 | +€21,728 | +396% |
| Income taxes | 67/77 | €2,423 | €6,658 | +€4,235 | +175% |
| Profit (loss) for the period | 9904 | €3,059 | €20,553 | +€17,494 | +572% |
| Profit (loss) for the period to be appropriated | 9905 | €3,059 | €20,553 | +€17,494 | +572% |
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 17 October 2026 via checked.be.