KRUA 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.
KRUA THAI
Largest movements
- Cash -€34,420
down €34,420 (-25.3%), from €135,829 to €101,409
mainly Tax, wage and social debts (-€22,160) and Other debts (-€20,489)
- Tangible fixed assets -€9,312
down €9,312 (-56.5%), from €16,491 to €7,179
of which Furniture and vehicles: -€5,470
- Receivables within one year -€5,166
down €5,166 (-7.8%), from €65,829 to €60,663
- Tax, wage and social debts -€22,160
down €22,160 (-47.2%), from €46,922 to €24,762
of which Taxes: -€21,810
- Other debts -€20,489
no longer reported in 2025 (was €20,489)
- Current portion of long-term debt -€4,260
no longer reported in 2025 (was €4,260)
- Trade debts -€3,475
down €3,475 (-24.9%), from €13,948 to €10,473
- Reserves +€2,471
up €2,471 (+2.7%), from €92,851 to €95,322
of which Distributable reserves: +€2,471
- Gross operating margin -€42,544
down €42,544 (-20.1%), from €211,515 to €168,971
- Taxes -€17,212
down €17,212 (-86.6%), from €19,887 to €2,674
- Staff costs +€9,679
up €9,679 (+6.9%), from €141,043 to €150,721
- Depreciation -€3,250
down €3,250 (-25.9%), from €12,562 to €9,312
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 | €227,366 | €179,816 | -€47,550 | -20.9% |
| Fixed assets | 21/28 | €18,981 | €9,669 | -€9,312 | -49.1% |
| Tangible fixed assets | 22/27 | €16,491 | €7,179 | -€9,312 | -56.5% |
| Plant, machinery and equipment | 23 | €7,611 | €3,768 | -€3,843 | -50.5% |
| Furniture and vehicles | 24 | €8,880 | €3,411 | -€5,470 | -61.6% |
| Financial fixed assets | 28 | €2,490 | €2,490 | = | 0.0% |
| Current assets | 29/58 | €208,385 | €170,148 | -€38,237 | -18.3% |
| Stocks and contracts in progress | 3 | €6,727 | €7,174 | +€447 | +6.6% |
| Stocks | 30/36 | €6,727 | €7,174 | +€447 | +6.6% |
| Amounts receivable within one year | 40/41 | €65,829 | €60,663 | -€5,166 | -7.8% |
| Other amounts receivable | 41 | €65,829 | €60,663 | -€5,166 | -7.8% |
| Cash at bank and in hand | 54/58 | €135,829 | €101,409 | -€34,420 | -25.3% |
| Deferred charges and accrued income | 490/1 | - | €902 | +€902 | |
| Total equity and liabilities | 10/49 | €227,366 | €179,816 | -€47,550 | -20.9% |
| Equity | 10/15 | €140,052 | €142,523 | +€2,471 | +1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €92,851 | €95,322 | +€2,471 | +2.7% |
| Tax-exempt reserves | 132 | €11,747 | €11,747 | = | 0.0% |
| Distributable reserves | 133 | €81,104 | €83,576 | +€2,471 | +3.0% |
| Profit (loss) carried forward | 14 | €41,001 | €41,001 | = | 0.0% |
| Amounts payable | 17/49 | €87,314 | €37,293 | -€50,021 | -57.3% |
| Amounts payable within one year | 42/48 | €86,979 | €37,293 | -€49,687 | -57.1% |
| Current portion of amounts payable after more than one year | 42 | €4,260 | - | -€4,260 | |
| Financial debts | 43 | €1,361 | €1,275 | -€85 | -6.3% |
| Credit institutions | 430/8 | €1,361 | €1,275 | -€85 | -6.3% |
| Trade debts | 44 | €13,948 | €10,473 | -€3,475 | -24.9% |
| Suppliers | 440/4 | €13,948 | €10,473 | -€3,475 | -24.9% |
| Advances received on contracts in progress | 46 | - | €783 | +€783 | |
| Taxes, remuneration and social security | 45 | €46,922 | €24,762 | -€22,160 | -47.2% |
| Taxes | 450/3 | €23,615 | €1,805 | -€21,810 | -92.4% |
| Remuneration and social security | 454/9 | €23,308 | €22,958 | -€350 | -1.5% |
| Other amounts payable | 47/48 | €20,489 | - | -€20,489 | |
| Accrued charges and deferred income | 492/3 | €335 | - | -€335 | |
| Remuneration, social security and pensions | 62 | €141,043 | €150,721 | +€9,679 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,562 | €9,312 | -€3,250 | -25.9% |
| Other operating charges | 640/8 | €1,489 | €2,797 | +€1,308 | +87.9% |
| Gross operating margin | 9900 | €211,515 | €168,971 | -€42,544 | -20.1% |
| Operating profit (loss) | 9901 | €56,422 | €6,140 | -€50,281 | -89.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,689 | €995 | -€1,694 | -63.0% |
| Recurring financial charges | 65 | €2,689 | €995 | -€1,694 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €53,733 | €5,146 | -€48,587 | -90.4% |
| Income taxes | 67/77 | €19,887 | €2,674 | -€17,212 | -86.6% |
| Profit (loss) for the period | 9904 | €33,847 | €2,471 | -€31,375 | -92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,847 | €2,471 | -€31,375 | -92.7% |
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 29 October 2026 via checked.be.