La Bhoa 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.
La Bhoa Thai
Largest movements
- Cash -€3,952
down €3,952 (-4.7%), from €84,192 to €80,240
mainly Investment in fixed assets (net) (-€13,600) and Debts after one year (-€13,523)
- Reserves +€66,000
up €66,000 (+85.9%), from €76,860 to €142,860
of which Distributable reserves: +€66,000
- Profit (loss) carried forward -€55,505
down €55,505 (-99.1%), from €56,033 to €528
- Debts after one year -€13,523
down €13,523 (-6.5%), from €206,506 to €192,984
- Taxes -€4,581
down €4,581 (-61.9%), from €7,398 to €2,817
- Depreciation +€4,381
up €4,381 (+40.4%), from €10,838 to €15,220
- Gross operating margin +€3,306
up €3,306 (+4.0%), from €81,795 to €85,101
- Financial charges +€1,987
up €1,987 (+34.1%), from €5,820 to €7,808
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 | €368,938 | €365,930 | -€3,008 | -0.8% |
| Fixed assets | 21/28 | €283,039 | €281,420 | -€1,619 | -0.6% |
| Tangible fixed assets | 22/27 | €282,497 | €280,878 | -€1,619 | -0.6% |
| Land and buildings | 22 | €276,417 | €276,055 | -€362 | -0.1% |
| Plant, machinery and equipment | 23 | €2,568 | €2,540 | -€28 | -1.1% |
| Furniture and vehicles | 24 | €3,512 | €2,282 | -€1,229 | -35.0% |
| Financial fixed assets | 28 | €542 | €542 | = | 0.0% |
| Current assets | 29/58 | €85,899 | €84,511 | -€1,389 | -1.6% |
| Stocks and contracts in progress | 3 | €929 | €929 | = | 0.0% |
| Stocks | 30/36 | €929 | €929 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €778 | €3,341 | +€2,563 | +329% |
| Trade receivables | 40 | - | €11 | +€11 | |
| Other amounts receivable | 41 | €778 | €3,330 | +€2,552 | +328% |
| Cash at bank and in hand | 54/58 | €84,192 | €80,240 | -€3,952 | -4.7% |
| Total equity and liabilities | 10/49 | €368,938 | €365,930 | -€3,008 | -0.8% |
| Equity | 10/15 | €133,493 | €143,988 | +€10,495 | +7.9% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €76,860 | €142,860 | +€66,000 | +85.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €141,000 | +€66,000 | +88.0% |
| Profit (loss) carried forward | 14 | €56,033 | €528 | -€55,505 | -99.1% |
| Amounts payable | 17/49 | €235,445 | €221,943 | -€13,503 | -5.7% |
| Amounts payable after more than one year | 17 | €206,506 | €192,984 | -€13,523 | -6.5% |
| Financial debts | 170/4 | €206,506 | €192,984 | -€13,523 | -6.5% |
| Amounts payable within one year | 42/48 | €28,939 | €28,959 | +€20 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €15,173 | €15,523 | +€350 | +2.3% |
| Trade debts | 44 | €2,252 | €1,444 | -€808 | -35.9% |
| Suppliers | 440/4 | €2,252 | €1,444 | -€808 | -35.9% |
| Taxes, remuneration and social security | 45 | €5,343 | €2,986 | -€2,357 | -44.1% |
| Taxes | 450/3 | €76 | €558 | +€482 | +633% |
| Remuneration and social security | 454/9 | €5,266 | €2,428 | -€2,839 | -53.9% |
| Other amounts payable | 47/48 | €6,171 | €9,006 | +€2,835 | +45.9% |
| Non-recurring operating income | 76A | €0 | €2,432 | +€2,432 | |
| Remuneration, social security and pensions | 62 | €43,209 | €43,423 | +€213 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,838 | €15,220 | +€4,381 | +40.4% |
| Other operating charges | 640/8 | €3,933 | €4,591 | +€658 | +16.7% |
| Non-recurring operating charges | 66A | €15,249 | €0 | -€15,249 | -100% |
| Gross operating margin | 9900 | €81,795 | €85,101 | +€3,306 | +4.0% |
| Operating profit (loss) | 9901 | €8,566 | €21,867 | +€13,302 | +155% |
| Financial income | 75/76B | €1 | €0 | -€1 | -83.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -83.1% |
| Financial charges | 65/66B | €5,820 | €7,808 | +€1,987 | +34.1% |
| Recurring financial charges | 65 | €5,820 | €7,808 | +€1,987 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €2,746 | €14,060 | +€11,314 | +412% |
| Income taxes | 67/77 | €7,398 | €2,817 | -€4,581 | -61.9% |
| Profit (loss) for the period | 9904 | -€4,652 | €11,242 | +€15,894 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,652 | €11,242 | +€15,894 |
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 26 October 2026 via checked.be.