KAI 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.
KAI THAI
Largest movements
- Receivables within one year -€20,827
down €20,827 (-38.2%), from €54,570 to €33,742
of which Trade receivables: -€22,247
- Stocks and contracts -€1,802
down €1,802 (-36.5%), from €4,944 to €3,142
- Cash +€1,568
new in 2024: €1,568
mainly Receivables within one year (+€20,827) and Debts after one year (+€10,302)
- Profit (loss) carried forward -€20,345
down €20,345 (-60.5%), from €33,650 to €13,304
- Debts after one year +€10,302
up €10,302 (+552.0%), from €1,866 to €12,168
- Short-term financial debts -€8,889
no longer reported in 2024 (was €8,889)
- Tax, wage and social debts -€3,513
down €3,513 (-44.7%), from €7,860 to €4,347
- Current portion of long-term debt +€1,143
up €1,143 (+19.7%), from €5,793 to €6,936
- Gross operating margin -€20,411
down €20,411, from €13,449 to -€6,962
- Financial charges +€3,063
up €3,063 (+54.5%), from €5,621 to €8,684
- Other operating charges +€1,569
up €1,569 (+88.1%), from €1,780 to €3,350
- Taxes +€1,140
up €1,140 (+77.2%), from €1,476 to €2,615
- Financial income +€825
up €825 (+88.5%), from €933 to €1,758
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,057 | €39,504 | -€21,554 | -35.3% |
| Fixed assets | 21/28 | €1,544 | €1,052 | -€492 | -31.9% |
| Tangible fixed assets | 22/27 | €1,544 | €1,052 | -€492 | -31.9% |
| Plant, machinery and equipment | 23 | €527 | €263 | -€263 | -50.0% |
| Furniture and vehicles | 24 | €1,017 | €789 | -€228 | -22.5% |
| Current assets | 29/58 | €59,513 | €38,452 | -€21,062 | -35.4% |
| Stocks and contracts in progress | 3 | €4,944 | €3,142 | -€1,802 | -36.5% |
| Stocks | 30/36 | €4,944 | €3,142 | -€1,802 | -36.5% |
| Amounts receivable within one year | 40/41 | €54,570 | €33,742 | -€20,827 | -38.2% |
| Trade receivables | 40 | €22,247 | - | -€22,247 | |
| Other amounts receivable | 41 | €32,323 | €33,742 | +€1,419 | +4.4% |
| Cash at bank and in hand | 54/58 | - | €1,568 | +€1,568 | |
| Total equity and liabilities | 10/49 | €61,057 | €39,504 | -€21,554 | -35.3% |
| Equity | 10/15 | €36,150 | €15,804 | -€20,345 | -56.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,650 | €13,304 | -€20,345 | -60.5% |
| Amounts payable | 17/49 | €24,908 | €23,699 | -€1,208 | -4.9% |
| Amounts payable after more than one year | 17 | €1,866 | €12,168 | +€10,302 | +552.0% |
| Financial debts | 170/4 | €1,866 | €12,168 | +€10,302 | +552.0% |
| Amounts payable within one year | 42/48 | €23,041 | €11,531 | -€11,511 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €5,793 | €6,936 | +€1,143 | +19.7% |
| Financial debts | 43 | €8,889 | - | -€8,889 | |
| Credit institutions | 430/8 | €8,889 | - | -€8,889 | |
| Trade debts | 44 | - | €248 | +€248 | |
| Suppliers | 440/4 | - | €248 | +€248 | |
| Taxes, remuneration and social security | 45 | €7,860 | €4,347 | -€3,513 | -44.7% |
| Taxes | 450/3 | €7,860 | €4,347 | -€3,513 | -44.7% |
| Other amounts payable | 47/48 | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €774 | €492 | -€282 | -36.5% |
| Other operating charges | 640/8 | €1,780 | €3,350 | +€1,569 | +88.1% |
| Gross operating margin | 9900 | €13,449 | -€6,962 | -€20,411 | |
| Operating profit (loss) | 9901 | €10,894 | -€10,804 | -€21,698 | |
| Financial income | 75/76B | €933 | €1,758 | +€825 | +88.5% |
| Recurring financial income | 75 | €933 | €1,758 | +€825 | +88.5% |
| Financial charges | 65/66B | €5,621 | €8,684 | +€3,063 | +54.5% |
| Recurring financial charges | 65 | €5,621 | €8,684 | +€3,063 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €6,206 | -€17,730 | -€23,936 | |
| Income taxes | 67/77 | €1,476 | €2,615 | +€1,140 | +77.2% |
| Profit (loss) for the period | 9904 | €4,730 | -€20,345 | -€25,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,730 | -€20,345 | -€25,076 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.