THAI CHIANGMAI: what changed
THAI CHIANGMAI
Largest movements
- Cash -€28,556
down €28,556 (-44.4%), from €64,337 to €35,781
mainly Net result for the year (-€35,843) and Investment in fixed assets (net) (-€19,602)
- Tangible fixed assets +€15,117
up €15,117 (+192%), from €7,882 to €22,999
of which Other tangible fixed assets: +€13,204
- Stocks and contracts +€12,636
up €12,636 (+2,487%), from €508 to €13,144
- Receivables within one year +€10,742
up €10,742 (+74.6%), from €14,405 to €25,147
of which Other amounts receivable: +€10,676
- Intangible fixed assets -€6,250
down €6,250 (-33.3%), from €18,750 to €12,500
- Profit (loss) carried forward -€35,843
down €35,843 (-212%), from -€16,891 to -€52,734
- Other debts +€22,630
up €22,630 (+81.6%), from €27,729 to €50,360
- Tax, wage and social debts +€13,709
up €13,709 (+80.8%), from €16,977 to €30,686
of which Taxes: +€8,231
- Debts after one year +€4,000
up €4,000 (+6.0%), from €66,500 to €70,500
- Staff costs +€16,812
up €16,812 (+17.4%), from €96,750 to €113,562
- Gross operating margin -€10,902
down €10,902 (-10.5%), from €103,702 to €92,799
- Other operating charges +€2,525
up €2,525 (+259%), from €974 to €3,500
- Depreciation +€1,876
up €1,876 (+21.2%), from €8,859 to €10,735
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,658 | €122,347 | +€3,689 | +3.1% |
| Fixed assets | 21/28 | €39,407 | €48,274 | +€8,867 | +22.5% |
| Intangible fixed assets | 21 | €18,750 | €12,500 | -€6,250 | -33.3% |
| Tangible fixed assets | 22/27 | €7,882 | €22,999 | +€15,117 | +192% |
| Plant, machinery and equipment | 23 | €3,458 | €2,461 | -€997 | -28.8% |
| Furniture and vehicles | 24 | €245 | €3,157 | +€2,911 | +1,186% |
| Other tangible fixed assets | 26 | €4,178 | €17,382 | +€13,204 | +316% |
| Financial fixed assets | 28 | €12,775 | €12,775 | = | 0.0% |
| Current assets | 29/58 | €79,251 | €74,072 | -€5,178 | -6.5% |
| Stocks and contracts in progress | 3 | €508 | €13,144 | +€12,636 | +2,487% |
| Stocks | 30/36 | €508 | €13,144 | +€12,636 | +2,487% |
| Amounts receivable within one year | 40/41 | €14,405 | €25,147 | +€10,742 | +74.6% |
| Trade receivables | 40 | - | €66 | +€66 | |
| Other amounts receivable | 41 | €14,405 | €25,082 | +€10,676 | +74.1% |
| Cash at bank and in hand | 54/58 | €64,337 | €35,781 | -€28,556 | -44.4% |
| Total equity and liabilities | 10/49 | €118,658 | €122,347 | +€3,689 | +3.1% |
| Equity | 10/15 | -€10,340 | -€46,183 | -€35,843 | -347% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €352 | €352 | = | 0.0% |
| Non-distributable reserves | 130/1 | €352 | €352 | = | 0.0% |
| Reserves not available under the articles | 1311 | €352 | €352 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,891 | -€52,734 | -€35,843 | -212% |
| Amounts payable | 17/49 | €128,997 | €168,529 | +€39,532 | +30.6% |
| Amounts payable after more than one year | 17 | €66,500 | €70,500 | +€4,000 | +6.0% |
| Other amounts payable | 178/9 | €66,500 | €70,500 | +€4,000 | +6.0% |
| Amounts payable within one year | 42/48 | €62,497 | €98,029 | +€35,532 | +56.9% |
| Trade debts | 44 | €17,791 | €16,984 | -€808 | -4.5% |
| Suppliers | 440/4 | €17,791 | €16,984 | -€808 | -4.5% |
| Taxes, remuneration and social security | 45 | €16,977 | €30,686 | +€13,709 | +80.8% |
| Taxes | 450/3 | - | €8,231 | +€8,231 | |
| Remuneration and social security | 454/9 | €16,977 | €22,455 | +€5,478 | +32.3% |
| Other amounts payable | 47/48 | €27,729 | €50,360 | +€22,630 | +81.6% |
| Non-recurring operating income | 76A | €669 | - | -€669 | |
| Remuneration, social security and pensions | 62 | €96,750 | €113,562 | +€16,812 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,859 | €10,735 | +€1,876 | +21.2% |
| Other operating charges | 640/8 | €974 | €3,500 | +€2,525 | +259% |
| Gross operating margin | 9900 | €103,702 | €92,799 | -€10,902 | -10.5% |
| Operating profit (loss) | 9901 | -€2,881 | -€34,997 | -€32,116 | -1,115% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €733 | €846 | +€112 | +15.3% |
| Recurring financial charges | 65 | €733 | €846 | +€112 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,614 | -€35,843 | -€32,228 | -892% |
| Profit (loss) for the period | 9904 | -€3,614 | -€35,843 | -€32,228 | -892% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,614 | -€35,843 | -€32,228 | -892% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.