KAEW THAI: 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.
KAEW THAI
Largest movements
- Tangible fixed assets -€17,080
down €17,080 (-18.6%), from €91,583 to €74,503
of which Land and buildings: -€16,469
- Receivables within one year +€2,776
up €2,776 (+101.0%), from €2,750 to €5,526
of which Other amounts receivable: +€1,503
- Profit (loss) carried forward -€17,462
down €17,462 (-40.4%), from €43,174 to €25,712
- Other debts +€5,526
up €5,526 (+52.9%), from €10,452 to €15,978
- Gross operating margin -€19,410
down €19,410 (-98.3%), from €19,754 to €344
- Depreciation -€1,172
down €1,172 (-6.6%), from €17,835 to €16,664
- Other operating charges +€660
up €660 (+72.0%), from €916 to €1,576
- Financial charges -€322
down €322 (-96.5%), from €334 to €12
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 | €151,670 | €138,797 | -€12,872 | -8.5% |
| Fixed assets | 21/28 | €91,583 | €74,503 | -€17,080 | -18.6% |
| Tangible fixed assets | 22/27 | €91,583 | €74,503 | -€17,080 | -18.6% |
| Land and buildings | 22 | €89,937 | €73,468 | -€16,469 | -18.3% |
| Plant, machinery and equipment | 23 | €1,646 | €1,035 | -€611 | -37.1% |
| Current assets | 29/58 | €60,086 | €64,294 | +€4,208 | +7.0% |
| Amounts receivable within one year | 40/41 | €2,750 | €5,526 | +€2,776 | +101.0% |
| Trade receivables | 40 | - | €1,273 | +€1,273 | |
| Other amounts receivable | 41 | €2,750 | €4,253 | +€1,503 | +54.7% |
| Cash at bank and in hand | 54/58 | €56,241 | €56,586 | +€345 | +0.6% |
| Deferred charges and accrued income | 490/1 | €1,095 | €2,182 | +€1,086 | +99.2% |
| Total equity and liabilities | 10/49 | €151,670 | €138,797 | -€12,872 | -8.5% |
| Equity | 10/15 | €134,952 | €117,490 | -€17,462 | -12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,178 | €73,178 | = | 0.0% |
| Distributable reserves | 133 | €73,178 | €73,178 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,174 | €25,712 | -€17,462 | -40.4% |
| Amounts payable | 17/49 | €16,718 | €21,308 | +€4,590 | +27.5% |
| Amounts payable after more than one year | 17 | €3,600 | €3,600 | = | 0.0% |
| Other amounts payable | 178/9 | €3,600 | €3,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,118 | €17,708 | +€4,590 | +35.0% |
| Trade debts | 44 | €1,933 | €1,641 | -€292 | -15.1% |
| Suppliers | 440/4 | €1,933 | €1,641 | -€292 | -15.1% |
| Taxes, remuneration and social security | 45 | €733 | €89 | -€644 | -87.8% |
| Taxes | 450/3 | €733 | €89 | -€644 | -87.8% |
| Other amounts payable | 47/48 | €10,452 | €15,978 | +€5,526 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,835 | €16,664 | -€1,172 | -6.6% |
| Other operating charges | 640/8 | €916 | €1,576 | +€660 | +72.0% |
| Gross operating margin | 9900 | €19,754 | €344 | -€19,410 | -98.3% |
| Operating profit (loss) | 9901 | €1,003 | -€17,896 | -€18,898 | |
| Financial income | 75/76B | €311 | €445 | +€134 | +43.2% |
| Recurring financial income | 75 | €311 | €445 | +€134 | +43.2% |
| Financial charges | 65/66B | €334 | €12 | -€322 | -96.5% |
| Recurring financial charges | 65 | €334 | €12 | -€322 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €980 | -€17,462 | -€18,442 | |
| Income taxes | 67/77 | €89 | - | -€89 | |
| Profit (loss) for the period | 9904 | €891 | -€17,462 | -€18,353 | |
| Profit (loss) for the period to be appropriated | 9905 | €891 | -€17,462 | -€18,353 |
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 12 October 2026 via checked.be.