Thanakorn: 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.
Thanakorn
Largest movements
- Cash -€54,071
down €54,071 (-71.8%), from €75,348 to €21,277
mainly Receivables within one year (-€39,784) and Investment in fixed assets (net) (-€36,754)
- Receivables within one year +€39,784
up €39,784 (+211%), from €18,836 to €58,620
of which Trade receivables: +€20,133
- Tangible fixed assets +€24,543
up €24,543 (+46.6%), from €52,687 to €77,230
of which Other tangible fixed assets: +€15,099
- Reserves +€23,341
up €23,341 (+27.9%), from €83,676 to €107,017
- Tax, wage and social debts -€11,044
down €11,044 (-54.8%), from €20,164 to €9,120
of which Taxes: -€14,573
- Accrued charges and deferred income -€2,060
no longer reported in 2025 (was €2,060)
- Gross operating margin -€26,611
down €26,611 (-23.3%), from €114,003 to €87,391
- Staff costs +€14,192
up €14,192 (+58.4%), from €24,297 to €38,489
- Taxes -€9,136
down €9,136 (-59.5%), from €15,359 to €6,223
- Depreciation +€1,149
up €1,149 (+10.4%), from €11,061 to €12,211
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 | €151,341 | €161,628 | +€10,287 | +6.8% |
| Fixed assets | 21/28 | €52,687 | €77,230 | +€24,543 | +46.6% |
| Tangible fixed assets | 22/27 | €52,687 | €77,230 | +€24,543 | +46.6% |
| Land and buildings | 22 | €2,045 | €1,765 | -€280 | -13.7% |
| Plant, machinery and equipment | 23 | €19,056 | €33,047 | +€13,991 | +73.4% |
| Furniture and vehicles | 24 | €25,027 | €20,761 | -€4,266 | -17.0% |
| Other tangible fixed assets | 26 | €6,559 | €21,658 | +€15,099 | +230% |
| Current assets | 29/58 | €98,654 | €84,397 | -€14,257 | -14.5% |
| Stocks and contracts in progress | 3 | €4,470 | €4,500 | +€30 | +0.7% |
| Stocks | 30/36 | €4,470 | €4,500 | +€30 | +0.7% |
| Amounts receivable within one year | 40/41 | €18,836 | €58,620 | +€39,784 | +211% |
| Trade receivables | 40 | €6,193 | €26,326 | +€20,133 | +325% |
| Other amounts receivable | 41 | €12,643 | €32,294 | +€19,651 | +155% |
| Cash at bank and in hand | 54/58 | €75,348 | €21,277 | -€54,071 | -71.8% |
| Total equity and liabilities | 10/49 | €151,341 | €161,628 | +€10,287 | +6.8% |
| Equity | 10/15 | €98,676 | €122,017 | +€23,341 | +23.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €83,676 | €107,017 | +€23,341 | +27.9% |
| Distributable reserves | 133 | €83,676 | €107,017 | +€23,341 | +27.9% |
| Amounts payable | 17/49 | €52,665 | €39,611 | -€13,054 | -24.8% |
| Amounts payable after more than one year | 17 | €18,342 | €18,266 | -€77 | -0.4% |
| Financial debts | 170/4 | €18,342 | €18,266 | -€77 | -0.4% |
| Amounts payable within one year | 42/48 | €32,263 | €21,345 | -€10,918 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €5,737 | €6,333 | +€596 | +10.4% |
| Trade debts | 44 | €408 | €1,487 | +€1,078 | +264% |
| Suppliers | 440/4 | €408 | €1,487 | +€1,078 | +264% |
| Taxes, remuneration and social security | 45 | €20,164 | €9,120 | -€11,044 | -54.8% |
| Taxes | 450/3 | €19,928 | €5,355 | -€14,573 | -73.1% |
| Remuneration and social security | 454/9 | €236 | €3,765 | +€3,529 | +1,495% |
| Other amounts payable | 47/48 | €5,954 | €4,406 | -€1,548 | -26.0% |
| Accrued charges and deferred income | 492/3 | €2,060 | - | -€2,060 | |
| Remuneration, social security and pensions | 62 | €24,297 | €38,489 | +€14,192 | +58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,061 | €12,211 | +€1,149 | +10.4% |
| Other operating charges | 640/8 | €2,506 | €2,889 | +€382 | +15.3% |
| Gross operating margin | 9900 | €114,003 | €87,391 | -€26,611 | -23.3% |
| Operating profit (loss) | 9901 | €76,138 | €33,803 | -€42,335 | -55.6% |
| Financial income | 75/76B | €920 | €1,806 | +€886 | +96.2% |
| Recurring financial income | 75 | €920 | €1,806 | +€886 | +96.2% |
| Financial charges | 65/66B | €5,495 | €6,045 | +€550 | +10.0% |
| Recurring financial charges | 65 | €5,495 | €6,045 | +€550 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €71,563 | €29,564 | -€42,000 | -58.7% |
| Income taxes | 67/77 | €15,359 | €6,223 | -€9,136 | -59.5% |
| Profit (loss) for the period | 9904 | €56,205 | €23,341 | -€32,864 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,205 | €23,341 | -€32,864 | -58.5% |
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 18 October 2026 via checked.be.