Thapa: what changed
Two fiscal 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.
Thapa
Largest movements
- Stocks and contracts +€1,776
up €1,776 (+17.3%), from €10,266 to €12,042
- Cash -€1,229
down €1,229 (-19.3%), from €6,353 to €5,124
mainly Stocks and contracts (-€1,776) and Other debts (-€995)
- Tangible fixed assets -€980
down €980 (-65.1%), from €1,506 to €526
of which Furniture and vehicles: -€753
- Other debts -€995
no longer reported in 2025 (was €995)
- Profit (loss) carried forward +€720
up €720 (+44.2%), from -€1,628 to -€908
- Accrued charges and deferred income -€242
no longer reported in 2025 (was €242)
- Purchases and services -€3,555
down €3,555 (-6.8%), from €52,204 to €48,649
- Gross operating margin +€2,002
up €2,002 (+450.9%), from €444 to €2,446
- Turnover -€1,953
down €1,953 (-3.7%), from €53,048 to €51,095
- Other operating charges +€1,600
up €1,600 (+533.3%), from €300 to €1,900
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 | €18,209 | €17,692 | -€517 | -2.8% |
| Fixed assets | 21/28 | €1,506 | €526 | -€980 | -65.1% |
| Tangible fixed assets | 22/27 | €1,506 | €526 | -€980 | -65.1% |
| Plant, machinery and equipment | 23 | €753 | €526 | -€227 | -30.1% |
| Furniture and vehicles | 24 | €753 | - | -€753 | |
| Current assets | 29/58 | €16,703 | €17,166 | +€463 | +2.8% |
| Stocks and contracts in progress | 3 | €10,266 | €12,042 | +€1,776 | +17.3% |
| Stocks | 30/36 | €10,266 | €12,042 | +€1,776 | +17.3% |
| Cash at bank and in hand | 54/58 | €6,353 | €5,124 | -€1,229 | -19.3% |
| Deferred charges and accrued income | 490/1 | €84 | - | -€84 | |
| Total equity and liabilities | 10/49 | €18,209 | €17,692 | -€517 | -2.8% |
| Equity | 10/15 | €16,972 | €17,692 | +€720 | +4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,628 | -€908 | +€720 | +44.2% |
| Amounts payable | 17/49 | €1,237 | - | -€1,237 | |
| Amounts payable within one year | 42/48 | €995 | - | -€995 | |
| Other amounts payable | 47/48 | €995 | - | -€995 | |
| Accrued charges and deferred income | 492/3 | €242 | - | -€242 | |
| Turnover | 70 | €53,048 | €51,095 | -€1,953 | -3.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €52,204 | €48,649 | -€3,555 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €519 | €226 | -€293 | -56.5% |
| Other operating charges | 640/8 | €300 | €1,900 | +€1,600 | +533.3% |
| Gross operating margin | 9900 | €444 | €2,446 | +€2,002 | +450.9% |
| Operating profit (loss) | 9901 | -€375 | €320 | +€695 | |
| Profit (loss) for the period before taxes | 9903 | -€375 | €320 | +€695 | |
| Profit (loss) for the period | 9904 | -€375 | €320 | +€695 | |
| Profit (loss) for the period to be appropriated | 9905 | -€375 | €320 | +€695 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.