Le Thai: what changed
Two fiscal 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.
Le Thai
Largest movements
- Tangible fixed assets -€6,008
down €6,008 (-26.1%), from €23,040 to €17,032
of which Other tangible fixed assets: -€4,663
- Cash -€5,626
down €5,626 (-40.5%), from €13,887 to €8,261
mainly Net result for the year (-€7,907) and Other debts (-€3,777)
- Stocks and contracts -€975
down €975 (-12.1%), from €8,027 to €7,052
- Profit (loss) carried forward -€7,907
down €7,907, from €6,577 to -€1,330
- Other debts -€3,777
down €3,777 (-39.0%), from €9,676 to €5,899
- Accrued charges and deferred income -€1,224
down €1,224 (-100.0%), from €1,224 to €0
- Gross operating margin -€9,326
down €9,326 (-98.9%), from €9,430 to €103
- Financial charges -€1,623
down €1,623 (-51.5%), from €3,152 to €1,530
- Depreciation -€1,097
down €1,097 (-17.0%), from €6,438 to €5,341
- Other operating charges -€650
down €650 (-39.0%), from €1,665 to €1,015
- Financial income -€172
down €172 (-91.4%), from €188 to €16
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 | €47,675 | €35,302 | -€12,373 | -26.0% |
| Fixed assets | 21/28 | €23,240 | €17,232 | -€6,008 | -25.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €23,040 | €17,032 | -€6,008 | -26.1% |
| Plant, machinery and equipment | 23 | €1,232 | €554 | -€678 | -55.1% |
| Furniture and vehicles | 24 | €667 | €0 | -€667 | -100.0% |
| Other tangible fixed assets | 26 | €21,142 | €16,479 | -€4,663 | -22.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €24,435 | €18,070 | -€6,365 | -26.0% |
| Stocks and contracts in progress | 3 | €8,027 | €7,052 | -€975 | -12.1% |
| Stocks | 30/36 | €8,027 | €7,052 | -€975 | -12.1% |
| Amounts receivable within one year | 40/41 | €514 | €655 | +€140 | +27.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €514 | €655 | +€140 | +27.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €13,887 | €8,261 | -€5,626 | -40.5% |
| Deferred charges and accrued income | 490/1 | €2,008 | €2,102 | +€94 | +4.7% |
| Total equity and liabilities | 10/49 | €47,675 | €35,302 | -€12,373 | -26.0% |
| Equity | 10/15 | €29,474 | €21,567 | -€7,907 | -26.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €10,897 | €10,897 | = | 0.0% |
| Distributable reserves | 133 | €10,897 | €10,897 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,577 | -€1,330 | -€7,907 | |
| Amounts payable | 17/49 | €18,201 | €13,735 | -€4,466 | -24.5% |
| Amounts payable within one year | 42/48 | €16,978 | €13,735 | -€3,243 | -19.1% |
| Financial debts | 43 | €177 | €218 | +€41 | +23.3% |
| Credit institutions | 430/8 | €177 | €218 | +€41 | +23.3% |
| Trade debts | 44 | €5,684 | €5,748 | +€65 | +1.1% |
| Suppliers | 440/4 | €5,684 | €5,748 | +€65 | +1.1% |
| Taxes, remuneration and social security | 45 | €1,441 | €1,869 | +€428 | +29.7% |
| Taxes | 450/3 | €1,441 | €1,869 | +€428 | +29.7% |
| Other amounts payable | 47/48 | €9,676 | €5,899 | -€3,777 | -39.0% |
| Accrued charges and deferred income | 492/3 | €1,224 | €0 | -€1,224 | -100.0% |
| Non-recurring operating income | 76A | - | €5,268 | +€5,268 | |
| Remuneration, social security and pensions | 62 | €7 | €0 | -€7 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,438 | €5,341 | -€1,097 | -17.0% |
| Other operating charges | 640/8 | €1,665 | €1,015 | -€650 | -39.0% |
| Gross operating margin | 9900 | €9,430 | €103 | -€9,326 | -98.9% |
| Operating profit (loss) | 9901 | €1,321 | -€6,252 | -€7,573 | |
| Financial income | 75/76B | €188 | €16 | -€172 | -91.4% |
| Recurring financial income | 75 | €188 | €16 | -€172 | -91.4% |
| Financial charges | 65/66B | €3,152 | €1,530 | -€1,623 | -51.5% |
| Recurring financial charges | 65 | €3,152 | €1,530 | -€1,623 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,644 | -€7,766 | -€6,122 | -372.4% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€1,784 | -€7,907 | -€6,123 | -343.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,784 | -€7,907 | -€6,123 | -343.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.