ORCHIDEE 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.
ORCHIDEE THAI
Largest movements
- Tangible fixed assets -€27,014
down €27,014 (-24.4%), from €110,604 to €83,590
of which Furniture and vehicles: -€18,476
- Cash -€5,510
down €5,510 (-31.6%), from €17,412 to €11,902
mainly Debts after one year (-€14,292) and Trade debts (-€7,997)
- Receivables within one year -€2,094
down €2,094 (-39.2%), from €5,345 to €3,251
of which Other amounts receivable: -€2,084
- Deferred charges and accrued income -€1,921
down €1,921 (-42.8%), from €4,490 to €2,569
- Debts after one year -€14,292
no longer reported in 2024 (was €14,292)
- Trade debts -€7,997
down €7,997 (-24.2%), from €33,059 to €25,061
- Other debts -€7,784
down €7,784 (-6.2%), from €125,514 to €117,729
- Current portion of long-term debt -€7,547
down €7,547 (-31.3%), from €24,077 to €16,530
- Tax, wage and social debts +€1,917
up €1,917 (+9.0%), from €21,409 to €23,325
of which Taxes: +€1,344
- Gross operating margin +€22,584
up €22,584 (+12.6%), from €178,840 to €201,424
- Staff costs +€14,657
up €14,657 (+9.5%), from €154,955 to €169,612
- Depreciation +€8,932
up €8,932 (+44.6%), from €20,036 to €28,968
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.
Derived cash bridge
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 | €189,371 | €152,731 | -€36,640 | -19.3% |
| Fixed assets | 21/28 | €111,054 | €84,040 | -€27,014 | -24.3% |
| Tangible fixed assets | 22/27 | €110,604 | €83,590 | -€27,014 | -24.4% |
| Plant, machinery and equipment | 23 | €29,567 | €21,029 | -€8,538 | -28.9% |
| Furniture and vehicles | 24 | €81,037 | €62,561 | -€18,476 | -22.8% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €78,317 | €68,691 | -€9,626 | -12.3% |
| Stocks and contracts in progress | 3 | €51,070 | €50,969 | -€101 | -0.2% |
| Stocks | 30/36 | €51,070 | €50,969 | -€101 | -0.2% |
| Amounts receivable within one year | 40/41 | €5,345 | €3,251 | -€2,094 | -39.2% |
| Trade receivables | 40 | €10 | - | -€10 | |
| Other amounts receivable | 41 | €5,335 | €3,251 | -€2,084 | -39.1% |
| Cash at bank and in hand | 54/58 | €17,412 | €11,902 | -€5,510 | -31.6% |
| Deferred charges and accrued income | 490/1 | €4,490 | €2,569 | -€1,921 | -42.8% |
| Total equity and liabilities | 10/49 | €189,371 | €152,731 | -€36,640 | -19.3% |
| Equity | 10/15 | -€29,050 | -€29,984 | -€934 | -3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,510 | -€50,444 | -€934 | -1.9% |
| Amounts payable | 17/49 | €218,420 | €182,714 | -€35,706 | -16.3% |
| Amounts payable after more than one year | 17 | €14,292 | - | -€14,292 | |
| Financial debts | 170/4 | €14,292 | - | -€14,292 | |
| Amounts payable within one year | 42/48 | €204,058 | €182,646 | -€21,412 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €24,077 | €16,530 | -€7,547 | -31.3% |
| Trade debts | 44 | €33,059 | €25,061 | -€7,997 | -24.2% |
| Suppliers | 440/4 | €33,059 | €25,061 | -€7,997 | -24.2% |
| Taxes, remuneration and social security | 45 | €21,409 | €23,325 | +€1,917 | +9.0% |
| Taxes | 450/3 | €5,126 | €6,469 | +€1,344 | +26.2% |
| Remuneration and social security | 454/9 | €16,283 | €16,856 | +€573 | +3.5% |
| Other amounts payable | 47/48 | €125,514 | €117,729 | -€7,784 | -6.2% |
| Accrued charges and deferred income | 492/3 | €71 | €69 | -€2 | -2.9% |
| Remuneration, social security and pensions | 62 | €154,955 | €169,612 | +€14,657 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,036 | €28,968 | +€8,932 | +44.6% |
| Other operating charges | 640/8 | €2,314 | €2,155 | -€159 | -6.9% |
| Gross operating margin | 9900 | €178,840 | €201,424 | +€22,584 | +12.6% |
| Operating profit (loss) | 9901 | €1,535 | €689 | -€846 | -55.1% |
| Financial income | 75/76B | €50 | €26 | -€25 | -48.9% |
| Recurring financial income | 75 | €50 | €26 | -€25 | -48.9% |
| Financial charges | 65/66B | €1,634 | €1,649 | +€14 | +0.9% |
| Recurring financial charges | 65 | €1,634 | €1,649 | +€14 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€49 | -€934 | -€885 | -1,815% |
| Profit (loss) for the period | 9904 | -€49 | -€934 | -€885 | -1,815% |
| Profit (loss) for the period to be appropriated | 9905 | -€49 | -€934 | -€885 | -1,815% |
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 19 October 2026 via checked.be.