THAI STORE: 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 STORE
Largest movements
- Stocks and contracts +€25,929
up €25,929 (+17.6%), from €147,408 to €173,337
- Cash -€16,772
down €16,772 (-32.8%), from €51,111 to €34,340
mainly Stocks and contracts (-€25,929) and Tax, wage and social debts (-€6,744)
- Receivables within one year -€10,189
down €10,189 (-15.3%), from €66,711 to €56,522
of which Trade receivables: -€20,861
- Tangible fixed assets -€7,884
down €7,884 (-22.3%), from €35,278 to €27,394
of which Plant, machinery and equipment: -€5,263
- Tax, wage and social debts -€6,744
down €6,744 (-77.8%), from €8,665 to €1,921
of which Taxes: -€4,594
- Staff costs +€11,944
up €11,944 (+9.5%), from €125,465 to €137,409
- Gross operating margin -€9,120
down €9,120 (-5.5%), from €166,880 to €157,760
- Taxes -€4,356
down €4,356 (-76.6%), from €5,684 to €1,327
- Other operating charges -€3,868
down €3,868 (-74.6%), from €5,184 to €1,316
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 | €301,028 | €292,113 | -€8,915 | -3.0% |
| Fixed assets | 21/28 | €35,798 | €27,914 | -€7,884 | -22.0% |
| Tangible fixed assets | 22/27 | €35,278 | €27,394 | -€7,884 | -22.3% |
| Plant, machinery and equipment | 23 | €17,796 | €12,533 | -€5,263 | -29.6% |
| Furniture and vehicles | 24 | €3 | - | -€3 | |
| Other tangible fixed assets | 26 | €17,478 | €14,861 | -€2,617 | -15.0% |
| Financial fixed assets | 28 | €520 | €520 | = | 0.0% |
| Current assets | 29/58 | €265,230 | €264,199 | -€1,031 | -0.4% |
| Stocks and contracts in progress | 3 | €147,408 | €173,337 | +€25,929 | +17.6% |
| Stocks | 30/36 | €147,408 | €173,337 | +€25,929 | +17.6% |
| Amounts receivable within one year | 40/41 | €66,711 | €56,522 | -€10,189 | -15.3% |
| Trade receivables | 40 | €58,396 | €37,535 | -€20,861 | -35.7% |
| Other amounts receivable | 41 | €8,314 | €18,987 | +€10,673 | +128% |
| Cash at bank and in hand | 54/58 | €51,111 | €34,340 | -€16,772 | -32.8% |
| Total equity and liabilities | 10/49 | €301,028 | €292,113 | -€8,915 | -3.0% |
| Equity | 10/15 | €286,239 | €286,948 | +€708 | +0.2% |
| Contributions | 10/11 | €15,400 | €15,400 | = | 0.0% |
| Capital | 10 | €15,400 | €15,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €3,200 | €3,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,979 | €269,688 | +€708 | +0.3% |
| Amounts payable | 17/49 | €14,789 | €5,166 | -€9,623 | -65.1% |
| Amounts payable within one year | 42/48 | €14,789 | €5,166 | -€9,623 | -65.1% |
| Trade debts | 44 | €6,124 | €3,245 | -€2,879 | -47.0% |
| Suppliers | 440/4 | €6,124 | €3,245 | -€2,879 | -47.0% |
| Taxes, remuneration and social security | 45 | €8,665 | €1,921 | -€6,744 | -77.8% |
| Taxes | 450/3 | €6,515 | €1,921 | -€4,594 | -70.5% |
| Remuneration and social security | 454/9 | €2,150 | - | -€2,150 | |
| Remuneration, social security and pensions | 62 | €125,465 | €137,409 | +€11,944 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,310 | €9,522 | -€788 | -7.6% |
| Other operating charges | 640/8 | €5,184 | €1,316 | -€3,868 | -74.6% |
| Non-recurring operating charges | 66A | - | €2,400 | +€2,400 | |
| Gross operating margin | 9900 | €166,880 | €157,760 | -€9,120 | -5.5% |
| Operating profit (loss) | 9901 | €25,921 | €7,113 | -€18,808 | -72.6% |
| Financial charges | 65/66B | €4,583 | €5,078 | +€495 | +10.8% |
| Recurring financial charges | 65 | €4,583 | €5,078 | +€495 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €21,338 | €2,036 | -€19,302 | -90.5% |
| Income taxes | 67/77 | €5,684 | €1,327 | -€4,356 | -76.6% |
| Profit (loss) for the period | 9904 | €15,654 | €708 | -€14,946 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,654 | €708 | -€14,946 | -95.5% |
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 15 October 2026 via checked.be.