THAIS DENGIS ARACA: 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.
THAIS DENGIS ARACA
Largest movements
- Cash +€48,549
up €48,549 (+38.9%), from €124,966 to €173,516
mainly Net result for the year (+€203,601) and Other debts (+€50,368)
- Deferred charges and accrued income +€16,893
up €16,893 (+17.9%), from €94,556 to €111,448
- Tangible fixed assets -€3,678
no longer reported in 2025 (was €3,678)
- Other debts +€50,368
up €50,368 (+33.5%), from €150,195 to €200,562
- Tax, wage and social debts +€8,607
up €8,607 (+48.3%), from €17,802 to €26,409
of which Taxes: +€9,507
- Reserves +€5,000
up €5,000 (+10.9%), from €46,000 to €51,000
- Gross operating margin +€66,309
up €66,309 (+32.5%), from €204,176 to €270,485
- Taxes +€15,945
up €15,945 (+34.1%), from €46,802 to €62,747
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 | €223,200 | €284,964 | +€61,764 | +27.7% |
| Fixed assets | 21/28 | €3,678 | - | -€3,678 | |
| Tangible fixed assets | 22/27 | €3,678 | - | -€3,678 | |
| Furniture and vehicles | 24 | €3,678 | - | -€3,678 | |
| Current assets | 29/58 | €219,522 | €284,964 | +€65,442 | +29.8% |
| Cash at bank and in hand | 54/58 | €124,966 | €173,516 | +€48,549 | +38.9% |
| Deferred charges and accrued income | 490/1 | €94,556 | €111,448 | +€16,893 | +17.9% |
| Total equity and liabilities | 10/49 | €223,200 | €284,964 | +€61,764 | +27.7% |
| Equity | 10/15 | €52,946 | €56,547 | +€3,601 | +6.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,000 | €51,000 | +€5,000 | +10.9% |
| Distributable reserves | 133 | €46,000 | €51,000 | +€5,000 | +10.9% |
| Profit (loss) carried forward | 14 | €1,946 | €547 | -€1,399 | -71.9% |
| Amounts payable | 17/49 | €170,254 | €228,417 | +€58,162 | +34.2% |
| Amounts payable within one year | 42/48 | €170,254 | €228,417 | +€58,162 | +34.2% |
| Trade debts | 44 | €2,257 | €1,445 | -€813 | -36.0% |
| Suppliers | 440/4 | €2,257 | €1,445 | -€813 | -36.0% |
| Taxes, remuneration and social security | 45 | €17,802 | €26,409 | +€8,607 | +48.3% |
| Taxes | 450/3 | €14,302 | €23,809 | +€9,507 | +66.5% |
| Remuneration and social security | 454/9 | €3,500 | €2,600 | -€900 | -25.7% |
| Other amounts payable | 47/48 | €150,195 | €200,562 | +€50,368 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,594 | €3,678 | -€1,915 | -34.2% |
| Other operating charges | 640/8 | €371 | €380 | +€9 | +2.5% |
| Gross operating margin | 9900 | €204,176 | €270,485 | +€66,309 | +32.5% |
| Operating profit (loss) | 9901 | €198,212 | €266,427 | +€68,215 | +34.4% |
| Financial charges | 65/66B | €106 | €78 | -€28 | -26.6% |
| Recurring financial charges | 65 | €106 | €78 | -€28 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €198,105 | €266,349 | +€68,243 | +34.4% |
| Income taxes | 67/77 | €46,802 | €62,747 | +€15,945 | +34.1% |
| Profit (loss) for the period | 9904 | €151,303 | €203,601 | +€52,298 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €151,303 | €203,601 | +€52,298 | +34.6% |
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 27 October 2026 via checked.be.