THAI BINH: 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.
THAI BINH
Largest movements
- Cash -€12,602
down €12,602 (-21.8%), from €57,742 to €45,141
mainly Contributions, distributions and other (-€21,053) and Tax, wage and social debts (-€1,884)
- Tangible fixed assets -€7,757
down €7,757 (-19.3%), from €40,263 to €32,506
of which Plant, machinery and equipment: -€6,016
- Receivables within one year -€1,254
down €1,254 (-67.9%), from €1,847 to €593
of which Other amounts receivable: -€1,355
- Deferred charges and accrued income -€1,123
down €1,123 (-29.5%), from €3,806 to €2,682
- Reserves -€21,053
down €21,053 (-38.3%), from €55,000 to €33,947
- Tax, wage and social debts -€1,884
down €1,884 (-12.6%), from €14,909 to €13,025
of which Remuneration and social security: -€1,850
- Profit (loss) carried forward +€1,826
up €1,826 (+8.5%), from €21,475 to €23,301
- Depreciation -€9,618
down €9,618 (-55.4%), from €17,375 to €7,757
- Staff costs +€2,770
up €2,770 (+4.6%), from €60,078 to €62,848
- Gross operating margin +€2,375
up €2,375 (+3.3%), from €72,601 to €74,976
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 | €105,894 | €83,612 | -€22,282 | -21.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €40,263 | €32,506 | -€7,757 | -19.3% |
| Tangible fixed assets | 22/27 | €40,263 | €32,506 | -€7,757 | -19.3% |
| Plant, machinery and equipment | 23 | €25,073 | €19,058 | -€6,016 | -24.0% |
| Furniture and vehicles | 24 | €82 | €0 | -€82 | -100% |
| Other tangible fixed assets | 26 | €15,108 | €13,448 | -€1,659 | -11.0% |
| Current assets | 29/58 | €65,631 | €51,106 | -€14,525 | -22.1% |
| Stocks and contracts in progress | 3 | €2,237 | €2,690 | +€453 | +20.3% |
| Stocks | 30/36 | €2,237 | €2,690 | +€453 | +20.3% |
| Amounts receivable within one year | 40/41 | €1,847 | €593 | -€1,254 | -67.9% |
| Trade receivables | 40 | €73 | €175 | +€102 | +139% |
| Other amounts receivable | 41 | €1,774 | €418 | -€1,355 | -76.4% |
| Cash at bank and in hand | 54/58 | €57,742 | €45,141 | -€12,602 | -21.8% |
| Deferred charges and accrued income | 490/1 | €3,806 | €2,682 | -€1,123 | -29.5% |
| Total equity and liabilities | 10/49 | €105,894 | €83,612 | -€22,282 | -21.0% |
| Equity | 10/15 | €82,680 | €63,454 | -€19,227 | -23.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €55,000 | €33,947 | -€21,053 | -38.3% |
| Distributable reserves | 133 | €55,000 | €33,947 | -€21,053 | -38.3% |
| Profit (loss) carried forward | 14 | €21,475 | €23,301 | +€1,826 | +8.5% |
| Amounts payable | 17/49 | €23,214 | €20,158 | -€3,055 | -13.2% |
| Amounts payable within one year | 42/48 | €22,780 | €20,158 | -€2,622 | -11.5% |
| Trade debts | 44 | €6,219 | €6,181 | -€38 | -0.6% |
| Suppliers | 440/4 | €6,219 | €6,181 | -€38 | -0.6% |
| Taxes, remuneration and social security | 45 | €14,909 | €13,025 | -€1,884 | -12.6% |
| Taxes | 450/3 | €2,026 | €1,993 | -€34 | -1.7% |
| Remuneration and social security | 454/9 | €12,882 | €11,032 | -€1,850 | -14.4% |
| Other amounts payable | 47/48 | €1,653 | €953 | -€700 | -42.4% |
| Accrued charges and deferred income | 492/3 | €433 | €0 | -€433 | -100% |
| Remuneration, social security and pensions | 62 | €60,078 | €62,848 | +€2,770 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,375 | €7,757 | -€9,618 | -55.4% |
| Other operating charges | 640/8 | €946 | €1,613 | +€667 | +70.5% |
| Gross operating margin | 9900 | €72,601 | €74,976 | +€2,375 | +3.3% |
| Operating profit (loss) | 9901 | -€5,798 | €2,758 | +€8,556 | |
| Financial income | 75/76B | €185 | €199 | +€14 | +7.5% |
| Recurring financial income | 75 | €185 | €199 | +€14 | +7.5% |
| Financial charges | 65/66B | €1,125 | €997 | -€128 | -11.4% |
| Recurring financial charges | 65 | €1,125 | €997 | -€128 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,737 | €1,960 | +€8,698 | |
| Income taxes | 67/77 | €144 | €135 | -€9 | -6.4% |
| Profit (loss) for the period | 9904 | -€6,881 | €1,826 | +€8,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,881 | €1,826 | +€8,707 |
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 13 October 2026 via checked.be.