THAI ORIGINAL PRODUCTS: what changed
What changed
THAI ORIGINAL PRODUCTS
NACE 46.360, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€5,044
2023 · -€12,876+€7,832
Equity
-€1.0m
2023 · -€1.0m-€5,044
Cash
€115
2023 · €792-€677
Balance sheet total
€89,893
2023 · €93,470-€3,577
Largest movements
Assets
- Stocks and contracts -€5,000
down €5,000 (-84.0%), from €5,950 to €950
- Receivables within one year +€2,779
up €2,779 (+4.7%), from €59,689 to €62,468
of which Trade receivables: +€3,692
Equity and liabilities
- Profit (loss) carried forward -€5,044
down €5,044 (-0.4%), from -€1.2m to -€1.2m
- Trade debts -€4,921
down €4,921 (-75.8%), from €6,492 to €1,572
- Other debts +€4,429
up €4,429 (+0.4%), from €1.1m to €1.1m
- Tax, wage and social debts +€1,959
new in 2024: €1,959
Income statement
- Gross operating margin +€9,511
up €9,511 (+88.9%), from -€10,693 to -€1,182
- Other operating charges +€1,233
up €1,233 (+116%), from €1,061 to €2,293
- Financial charges +€582
up €582 (+131%), from €443 to €1,025
- Financial income +€136
new in 2024: €136
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€12,876
Gross operating margin
+€9,511
Other operating charges
-€1,233
Financial income
+€136
Financial charges
-€582
Result 2024
-€5,044
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€677
Investment
€0
Financing
€0
Cash 2023
€792
From operations (derived)
-€677
Net result for the year
-€5,044
Depreciation
+€680
Stocks and contracts
+€5,000
Receivables within one year
-€2,779
Trade debts
-€4,921
Tax, wage and social debts
+€1,959
Other debts
+€4,429
Cash 2024
€115
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,470 | €89,893 | -€3,577 | -3.8% |
| Fixed assets | 21/28 | €27,040 | €26,360 | -€680 | -2.5% |
| Tangible fixed assets | 22/27 | €2,040 | €1,360 | -€680 | -33.3% |
| Furniture and vehicles | 24 | €2,040 | €1,360 | -€680 | -33.3% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €66,430 | €63,533 | -€2,897 | -4.4% |
| Stocks and contracts in progress | 3 | €5,950 | €950 | -€5,000 | -84.0% |
| Stocks | 30/36 | €5,950 | €950 | -€5,000 | -84.0% |
| Amounts receivable within one year | 40/41 | €59,689 | €62,468 | +€2,779 | +4.7% |
| Trade receivables | 40 | €58,777 | €62,468 | +€3,692 | +6.3% |
| Other amounts receivable | 41 | €912 | - | -€912 | |
| Cash at bank and in hand | 54/58 | €792 | €115 | -€677 | -85.5% |
| Total equity and liabilities | 10/49 | €93,470 | €89,893 | -€3,577 | -3.8% |
| Equity | 10/15 | -€1,036,073 | -€1,041,117 | -€5,044 | -0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €103,853 | €103,853 | = | 0.0% |
| Tax-exempt reserves | 132 | €103,853 | - | -€103,853 | |
| Distributable reserves | 133 | - | €103,853 | +€103,853 | |
| Profit (loss) carried forward | 14 | -€1,201,926 | -€1,206,970 | -€5,044 | -0.4% |
| Amounts payable | 17/49 | €1,129,543 | €1,131,010 | +€1,467 | +0.1% |
| Amounts payable within one year | 42/48 | €1,129,543 | €1,131,010 | +€1,467 | +0.1% |
| Trade debts | 44 | €6,492 | €1,572 | -€4,921 | -75.8% |
| Suppliers | 440/4 | €6,492 | €1,572 | -€4,921 | -75.8% |
| Taxes, remuneration and social security | 45 | - | €1,959 | +€1,959 | |
| Taxes | 450/3 | - | €1,959 | +€1,959 | |
| Other amounts payable | 47/48 | €1,123,051 | €1,127,480 | +€4,429 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €680 | €680 | = | 0.0% |
| Other operating charges | 640/8 | €1,061 | €2,293 | +€1,233 | +116% |
| Gross operating margin | 9900 | -€10,693 | -€1,182 | +€9,511 | +88.9% |
| Operating profit (loss) | 9901 | -€12,433 | -€4,156 | +€8,278 | +66.6% |
| Financial income | 75/76B | - | €136 | +€136 | |
| Recurring financial income | 75 | - | €136 | +€136 | |
| Financial charges | 65/66B | €443 | €1,025 | +€582 | +131% |
| Recurring financial charges | 65 | €443 | €1,025 | +€582 | +131% |
| Profit (loss) for the period before taxes | 9903 | -€12,876 | -€5,044 | +€7,832 | +60.8% |
| Profit (loss) for the period | 9904 | -€12,876 | -€5,044 | +€7,832 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,876 | -€5,044 | +€7,832 | +60.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.