THAI SPICE: 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 SPICE
Largest movements
- Tangible fixed assets -€15,126
down €15,126 (-5.5%), from €274,666 to €259,540
- Debts after one year -€24,508
no longer reported in 2025 (was €24,508)
- Other debts +€20,000
up €20,000 (+8.6%), from €232,412 to €252,412
- Profit (loss) carried forward -€6,799
down €6,799 (-31.9%), from -€21,326 to -€28,125
- Gross operating margin +€2,054
up €2,054 (+23.2%), from €8,862 to €10,916
- Other operating charges +€1,172
up €1,172 (+168.7%), from €695 to €1,867
- Financial charges -€396
down €396 (-35.4%), from €1,120 to €724
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 | €278,848 | €266,845 | -€12,003 | -4.3% |
| Fixed assets | 21/28 | €274,666 | €259,540 | -€15,126 | -5.5% |
| Tangible fixed assets | 22/27 | €274,666 | €259,540 | -€15,126 | -5.5% |
| Land and buildings | 22 | €274,666 | €259,540 | -€15,126 | -5.5% |
| Current assets | 29/58 | €4,182 | €7,305 | +€3,123 | +74.7% |
| Amounts receivable within one year | 40/41 | €57 | - | -€57 | |
| Trade receivables | 40 | €57 | - | -€57 | |
| Current investments | 50/53 | €349 | €351 | +€3 | +0.8% |
| Cash at bank and in hand | 54/58 | €3,316 | €5,072 | +€1,756 | +53.0% |
| Deferred charges and accrued income | 490/1 | €460 | €1,881 | +€1,421 | +309.0% |
| Total equity and liabilities | 10/49 | €278,848 | €266,845 | -€12,003 | -4.3% |
| Equity | 10/15 | -€6,606 | -€13,405 | -€6,799 | -102.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,521 | €8,521 | = | 0.0% |
| Distributable reserves | 133 | €8,521 | €8,521 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,326 | -€28,125 | -€6,799 | -31.9% |
| Amounts payable | 17/49 | €285,454 | €280,250 | -€5,204 | -1.8% |
| Amounts payable after more than one year | 17 | €24,508 | - | -€24,508 | |
| Financial debts | 170/4 | €24,508 | - | -€24,508 | |
| Amounts payable within one year | 42/48 | €260,946 | €279,131 | +€18,186 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €28,534 | €26,720 | -€1,814 | -6.4% |
| Other amounts payable | 47/48 | €232,412 | €252,412 | +€20,000 | +8.6% |
| Accrued charges and deferred income | 492/3 | - | €1,119 | +€1,119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,126 | €15,126 | +€0 | 0.0% |
| Other operating charges | 640/8 | €695 | €1,867 | +€1,172 | +168.7% |
| Gross operating margin | 9900 | €8,862 | €10,916 | +€2,054 | +23.2% |
| Operating profit (loss) | 9901 | -€6,959 | -€6,077 | +€881 | +12.7% |
| Financial income | 75/76B | €3 | €4 | +€1 | +27.0% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +27.0% |
| Financial charges | 65/66B | €1,120 | €724 | -€396 | -35.4% |
| Recurring financial charges | 65 | €1,120 | €724 | -€396 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,076 | -€6,798 | +€1,278 | +15.8% |
| Income taxes | 67/77 | €1 | €1 | +€0 | +28.1% |
| Profit (loss) for the period | 9904 | -€8,077 | -€6,799 | +€1,278 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,077 | -€6,799 | +€1,278 | +15.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.