Sit Wat Pho: 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.
Sit Wat Pho
Largest movements
- Receivables within one year -€4,281
down €4,281 (-40.8%), from €10,501 to €6,220
of which Other amounts receivable: -€5,639
- Tangible fixed assets -€2,439
down €2,439 (-42.7%), from €5,715 to €3,276
of which Plant, machinery and equipment: -€2,084
- Cash +€546
up €546 (+1.7%), from €31,808 to €32,354
mainly Other debts (+€5,647) and Trade debts (+€4,816)
- Profit (loss) carried forward -€9,336
new in 2025: -€9,336
- Reserves -€8,843
no longer reported in 2025 (was €8,843)
- Other debts +€5,647
up €5,647 (+23.1%), from €24,451 to €30,098
- Trade debts +€4,816
up €4,816 (+103%), from €4,653 to €9,468
- Tax, wage and social debts +€1,241
up €1,241 (+27.8%), from €4,465 to €5,706
of which Remuneration and social security: +€740
- Staff costs +€20,317
up €20,317 (+59.4%), from €34,212 to €54,529
- Gross operating margin +€9,333
up €9,333 (+30.3%), from €30,792 to €40,125
- Depreciation -€1,066
down €1,066 (-30.4%), from €3,505 to €2,439
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 | €48,612 | €42,137 | -€6,475 | -13.3% |
| Fixed assets | 21/28 | €5,715 | €3,276 | -€2,439 | -42.7% |
| Tangible fixed assets | 22/27 | €5,715 | €3,276 | -€2,439 | -42.7% |
| Plant, machinery and equipment | 23 | €4,188 | €2,105 | -€2,084 | -49.7% |
| Furniture and vehicles | 24 | €1,526 | €1,171 | -€355 | -23.3% |
| Current assets | 29/58 | €42,897 | €38,861 | -€4,036 | -9.4% |
| Amounts receivable within one year | 40/41 | €10,501 | €6,220 | -€4,281 | -40.8% |
| Trade receivables | 40 | €11 | €1,369 | +€1,358 | +12,540% |
| Other amounts receivable | 41 | €10,490 | €4,851 | -€5,639 | -53.8% |
| Cash at bank and in hand | 54/58 | €31,808 | €32,354 | +€546 | +1.7% |
| Deferred charges and accrued income | 490/1 | €588 | €286 | -€302 | -51.3% |
| Total equity and liabilities | 10/49 | €48,612 | €42,137 | -€6,475 | -13.3% |
| Equity | 10/15 | €15,043 | -€3,136 | -€18,178 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,843 | - | -€8,843 | |
| Distributable reserves | 133 | €8,843 | - | -€8,843 | |
| Profit (loss) carried forward | 14 | - | -€9,336 | -€9,336 | |
| Amounts payable | 17/49 | €33,569 | €45,272 | +€11,703 | +34.9% |
| Amounts payable within one year | 42/48 | €33,569 | €45,272 | +€11,703 | +34.9% |
| Trade debts | 44 | €4,653 | €9,468 | +€4,816 | +103% |
| Suppliers | 440/4 | €4,653 | €9,468 | +€4,816 | +103% |
| Taxes, remuneration and social security | 45 | €4,465 | €5,706 | +€1,241 | +27.8% |
| Taxes | 450/3 | €4,465 | €4,966 | +€501 | +11.2% |
| Remuneration and social security | 454/9 | - | €740 | +€740 | |
| Other amounts payable | 47/48 | €24,451 | €30,098 | +€5,647 | +23.1% |
| Remuneration, social security and pensions | 62 | €34,212 | €54,529 | +€20,317 | +59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,505 | €2,439 | -€1,066 | -30.4% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €30,792 | €40,125 | +€9,333 | +30.3% |
| Operating profit (loss) | 9901 | -€7,430 | -€17,362 | -€9,932 | -134% |
| Financial income | 75/76B | €2 | €1 | -€1 | -35.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -35.0% |
| Financial charges | 65/66B | €584 | €817 | +€233 | +40.0% |
| Recurring financial charges | 65 | €584 | €817 | +€233 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,013 | -€18,178 | -€10,166 | -127% |
| Profit (loss) for the period | 9904 | -€8,013 | -€18,178 | -€10,166 | -127% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,013 | -€18,178 | -€10,166 | -127% |
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 21 October 2026 via checked.be.