THAI CHINE: 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 CHINE
Largest movements
- Cash +€22,348
up €22,348 (+289.7%), from €7,714 to €30,063
mainly Trade debts (+€7,559) and Deferred charges and accrued income (+€4,512)
- Deferred charges and accrued income -€4,512
down €4,512 (-29.6%), from €15,248 to €10,736
- Tangible fixed assets -€4,106
down €4,106 (-12.0%), from €34,146 to €30,040
of which Land and buildings: -€3,446
- Stocks and contracts -€3,278
down €3,278 (-97.8%), from €3,353 to €75
- Trade debts +€7,559
up €7,559 (+163.8%), from €4,614 to €12,173
- Tax, wage and social debts +€1,640
up €1,640 (+86.7%), from €1,891 to €3,531
of which Remuneration and social security: +€1,749
- Profit (loss) carried forward +€1,424
up €1,424 (+3.9%), from €36,100 to €37,524
- Gross operating margin +€16,906
up €16,906, from -€1,902 to €15,003
- Financial charges +€4,347
up €4,347 (+285.4%), from €1,523 to €5,870
- Other operating charges -€1,605
down €1,605 (-30.8%), from €5,208 to €3,603
- Depreciation -€183
down €183 (-4.3%), from €4,290 to €4,106
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 | €63,350 | €73,972 | +€10,622 | +16.8% |
| Fixed assets | 21/28 | €36,621 | €32,514 | -€4,106 | -11.2% |
| Tangible fixed assets | 22/27 | €34,146 | €30,040 | -€4,106 | -12.0% |
| Land and buildings | 22 | €32,166 | €28,720 | -€3,446 | -10.7% |
| Plant, machinery and equipment | 23 | €1,980 | €1,320 | -€660 | -33.3% |
| Financial fixed assets | 28 | €2,474 | €2,474 | = | 0.0% |
| Current assets | 29/58 | €26,729 | €41,458 | +€14,729 | +55.1% |
| Stocks and contracts in progress | 3 | €3,353 | €75 | -€3,278 | -97.8% |
| Stocks | 30/36 | €3,353 | €75 | -€3,278 | -97.8% |
| Amounts receivable within one year | 40/41 | €414 | €585 | +€171 | +41.4% |
| Trade receivables | 40 | - | €148 | +€148 | |
| Other amounts receivable | 41 | €414 | €437 | +€23 | +5.6% |
| Cash at bank and in hand | 54/58 | €7,714 | €30,063 | +€22,348 | +289.7% |
| Deferred charges and accrued income | 490/1 | €15,248 | €10,736 | -€4,512 | -29.6% |
| Total equity and liabilities | 10/49 | €63,350 | €73,972 | +€10,622 | +16.8% |
| Equity | 10/15 | €56,551 | €57,975 | +€1,424 | +2.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,100 | €37,524 | +€1,424 | +3.9% |
| Amounts payable | 17/49 | €6,799 | €15,998 | +€9,198 | +135.3% |
| Amounts payable within one year | 42/48 | €6,799 | €15,998 | +€9,198 | +135.3% |
| Trade debts | 44 | €4,614 | €12,173 | +€7,559 | +163.8% |
| Suppliers | 440/4 | €4,614 | €12,173 | +€7,559 | +163.8% |
| Taxes, remuneration and social security | 45 | €1,891 | €3,531 | +€1,640 | +86.7% |
| Taxes | 450/3 | €849 | €740 | -€110 | -12.9% |
| Remuneration and social security | 454/9 | €1,042 | €2,791 | +€1,749 | +167.9% |
| Other amounts payable | 47/48 | €294 | €294 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,290 | €4,106 | -€183 | -4.3% |
| Other operating charges | 640/8 | €5,208 | €3,603 | -€1,605 | -30.8% |
| Gross operating margin | 9900 | -€1,902 | €15,003 | +€16,906 | |
| Operating profit (loss) | 9901 | -€11,400 | €7,294 | +€18,694 | |
| Financial charges | 65/66B | €1,523 | €5,870 | +€4,347 | +285.4% |
| Recurring financial charges | 65 | €1,523 | €5,870 | +€4,347 | +285.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,923 | €1,424 | +€14,347 | |
| Profit (loss) for the period | 9904 | -€12,923 | €1,424 | +€14,347 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,923 | €1,424 | +€14,347 |
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 12 October 2026 via checked.be.