THAITRUCK: 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.
THAITRUCK
Largest movements
- Cash -€59,610
down €59,610 (-45.6%), from €130,643 to €71,034
mainly Trade debts (-€121,523) and Investment in fixed assets (net) (-€74,914)
- Receivables within one year -€38,663
down €38,663 (-50.9%), from €76,020 to €37,357
of which Trade receivables: -€19,409
- Tangible fixed assets +€35,541
up €35,541 (+64.8%), from €54,807 to €90,348
of which Furniture and vehicles: +€32,462
- Deferred charges and accrued income -€5,279
down €5,279 (-42.1%), from €12,548 to €7,269
- Trade debts -€121,523
down €121,523 (-60.5%), from €200,941 to €79,417
- Other debts +€50,038
up €50,038 (+1,718%), from €2,913 to €52,951
- Tax, wage and social debts -€35,213
down €35,213 (-71.6%), from €49,172 to €13,959
of which Taxes: -€31,803
- Debts after one year +€26,069
new in 2025: €26,069
- Current portion of long-term debt +€11,882
new in 2025: €11,882
- Gross operating margin +€63,525
up €63,525 (+27.0%), from €235,602 to €299,127
- Staff costs +€12,310
up €12,310 (+8.5%), from €144,868 to €157,178
- Taxes -€9,104
down €9,104 (-40.6%), from €22,410 to €13,306
- Depreciation +€8,839
up €8,839 (+28.9%), from €30,535 to €39,374
- Financial income -€5,367
down €5,367 (-94.8%), from €5,659 to €292
of which Non-recurring financial income: -€5,555
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 | €280,103 | €212,092 | -€68,011 | -24.3% |
| Fixed assets | 21/28 | €60,892 | €96,433 | +€35,541 | +58.4% |
| Tangible fixed assets | 22/27 | €54,807 | €90,348 | +€35,541 | +64.8% |
| Plant, machinery and equipment | 23 | €429 | €3,509 | +€3,079 | +717% |
| Furniture and vehicles | 24 | €54,377 | €86,839 | +€32,462 | +59.7% |
| Financial fixed assets | 28 | €6,085 | €6,085 | = | 0.0% |
| Current assets | 29/58 | €219,211 | €115,660 | -€103,551 | -47.2% |
| Amounts receivable within one year | 40/41 | €76,020 | €37,357 | -€38,663 | -50.9% |
| Trade receivables | 40 | €52,741 | €33,332 | -€19,409 | -36.8% |
| Other amounts receivable | 41 | €23,279 | €4,025 | -€19,254 | -82.7% |
| Cash at bank and in hand | 54/58 | €130,643 | €71,034 | -€59,610 | -45.6% |
| Deferred charges and accrued income | 490/1 | €12,548 | €7,269 | -€5,279 | -42.1% |
| Total equity and liabilities | 10/49 | €280,103 | €212,092 | -€68,011 | -24.3% |
| Equity | 10/15 | €25,578 | €26,313 | +€736 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,378 | €20,113 | +€736 | +3.8% |
| Amounts payable | 17/49 | €254,525 | €185,779 | -€68,746 | -27.0% |
| Amounts payable after more than one year | 17 | - | €26,069 | +€26,069 | |
| Financial debts | 170/4 | - | €26,069 | +€26,069 | |
| Amounts payable within one year | 42/48 | €253,025 | €158,210 | -€94,815 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | - | €11,882 | +€11,882 | |
| Trade debts | 44 | €200,941 | €79,417 | -€121,523 | -60.5% |
| Suppliers | 440/4 | €200,941 | €79,417 | -€121,523 | -60.5% |
| Taxes, remuneration and social security | 45 | €49,172 | €13,959 | -€35,213 | -71.6% |
| Taxes | 450/3 | €34,997 | €3,195 | -€31,803 | -90.9% |
| Remuneration and social security | 454/9 | €14,174 | €10,764 | -€3,410 | -24.1% |
| Other amounts payable | 47/48 | €2,913 | €52,951 | +€50,038 | +1,718% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €144,868 | €157,178 | +€12,310 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,535 | €39,374 | +€8,839 | +28.9% |
| Other operating charges | 640/8 | €14,738 | €12,535 | -€2,203 | -14.9% |
| Non-recurring operating charges | 66A | €11,907 | - | -€11,907 | |
| Gross operating margin | 9900 | €235,602 | €299,127 | +€63,525 | +27.0% |
| Operating profit (loss) | 9901 | €33,554 | €90,041 | +€56,486 | +168% |
| Financial income | 75/76B | €5,659 | €292 | -€5,367 | -94.8% |
| Recurring financial income | 75 | €105 | €292 | +€187 | +178% |
| Non-recurring financial income | 76B | €5,555 | - | -€5,555 | |
| Financial charges | 65/66B | €24,812 | €26,291 | +€1,480 | +6.0% |
| Recurring financial charges | 65 | €24,812 | €26,291 | +€1,480 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €14,402 | €64,041 | +€49,639 | +345% |
| Income taxes | 67/77 | €22,410 | €13,306 | -€9,104 | -40.6% |
| Profit (loss) for the period | 9904 | -€8,008 | €50,736 | +€58,743 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,008 | €50,736 | +€58,743 |
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.