KRUNGTHEP: 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.
KRUNGTHEP
Largest movements
- Cash +€13,452
up €13,452 (+41.7%), from €32,298 to €45,750
mainly Net result for the year (+€11,727) and Receivables within one year (+€11,101)
- Receivables within one year -€11,101
down €11,101 (-73.9%), from €15,016 to €3,916
of which Trade receivables: -€11,101
- Tangible fixed assets -€3,853
down €3,853 (-14.3%), from €27,026 to €23,174
of which Furniture and vehicles: -€2,478
- Profit (loss) carried forward -€7,693
no longer reported in 2025 (was €7,693)
- Tax, wage and social debts +€6,673
up €6,673 (+138%), from €4,846 to €11,519
- Other debts -€2,285
down €2,285 (-4.1%), from €55,368 to €53,083
- Trade debts +€1,684
up €1,684 (+30.4%), from €5,535 to €7,219
- Gross operating margin -€3,602
down €3,602 (-13.2%), from €27,283 to €23,681
- Taxes +€2,107
up €2,107 (+105%), from €2,008 to €4,115
- Depreciation +€1,018
up €1,018 (+18.1%), from €5,609 to €6,626
- Other operating charges +€436
up €436 (+68.6%), from €636 to €1,072
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 | €75,442 | €73,821 | -€1,620 | -2.1% |
| Fixed assets | 21/28 | €27,121 | €23,269 | -€3,853 | -14.2% |
| Tangible fixed assets | 22/27 | €27,026 | €23,174 | -€3,853 | -14.3% |
| Plant, machinery and equipment | 23 | €7,493 | €6,626 | -€867 | -11.6% |
| Furniture and vehicles | 24 | €15,771 | €13,293 | -€2,478 | -15.7% |
| Other tangible fixed assets | 26 | €3,762 | €3,254 | -€508 | -13.5% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €48,321 | €50,553 | +€2,232 | +4.6% |
| Amounts receivable within one year | 40/41 | €15,016 | €3,916 | -€11,101 | -73.9% |
| Trade receivables | 40 | €13,024 | €1,923 | -€11,101 | -85.2% |
| Other amounts receivable | 41 | €1,992 | €1,992 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,298 | €45,750 | +€13,452 | +41.7% |
| Deferred charges and accrued income | 490/1 | €1,007 | €887 | -€120 | -11.9% |
| Total equity and liabilities | 10/49 | €75,442 | €73,821 | -€1,620 | -2.1% |
| Equity | 10/15 | €9,693 | €2,000 | -€7,693 | -79.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,693 | - | -€7,693 | |
| Amounts payable | 17/49 | €65,749 | €71,821 | +€6,073 | +9.2% |
| Amounts payable within one year | 42/48 | €65,749 | €71,821 | +€6,073 | +9.2% |
| Trade debts | 44 | €5,535 | €7,219 | +€1,684 | +30.4% |
| Suppliers | 440/4 | €5,535 | €7,219 | +€1,684 | +30.4% |
| Taxes, remuneration and social security | 45 | €4,846 | €11,519 | +€6,673 | +138% |
| Taxes | 450/3 | €4,846 | €11,519 | +€6,673 | +138% |
| Other amounts payable | 47/48 | €55,368 | €53,083 | -€2,285 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,609 | €6,626 | +€1,018 | +18.1% |
| Other operating charges | 640/8 | €636 | €1,072 | +€436 | +68.6% |
| Gross operating margin | 9900 | €27,283 | €23,681 | -€3,602 | -13.2% |
| Operating profit (loss) | 9901 | €21,039 | €15,982 | -€5,056 | -24.0% |
| Financial income | 75/76B | €50 | - | -€50 | |
| Recurring financial income | 75 | €50 | - | -€50 | |
| Financial charges | 65/66B | €176 | €141 | -€35 | -20.0% |
| Recurring financial charges | 65 | €176 | €141 | -€35 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €20,913 | €15,842 | -€5,071 | -24.2% |
| Income taxes | 67/77 | €2,008 | €4,115 | +€2,107 | +105% |
| Profit (loss) for the period | 9904 | €18,905 | €11,727 | -€7,178 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,905 | €11,727 | -€7,178 | -38.0% |
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 19 October 2026 via checked.be.