THAPA & SONS: 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.
THAPA & SONS
Largest movements
- Receivables within one year -€2,619
down €2,619 (-56.4%), from €4,641 to €2,022
of which Trade receivables: -€1,632
- Stocks and contracts +€1,116
up €1,116 (+7.9%), from €14,153 to €15,269
- Cash +€593
up €593 (+55.8%), from €1,063 to €1,656
mainly Other debts (+€23,251) and Receivables within one year (+€2,619)
- Other debts +€23,251
up €23,251 (+46.0%), from €50,592 to €73,843
- Tax, wage and social debts -€21,799
down €21,799 (-85.5%), from €25,484 to €3,685
of which Remuneration and social security: -€24,222
- Profit (loss) carried forward -€1,330
down €1,330 (-1.7%), from -€79,835 to -€81,164
- Trade debts -€1,033
down €1,033 (-32.7%), from €3,157 to €2,124
- Gross operating margin -€8,577
down €8,577 (-70.3%), from €12,193 to €3,616
- Financial charges +€216
up €216 (+10.8%), from €2,004 to €2,220
- Staff costs -€164
down €164 (-39.7%), from €412 to €249
- Other operating charges +€159
up €159 (+6.8%), from €2,318 to €2,477
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 | €19,857 | €18,947 | -€910 | -4.6% |
| Current assets | 29/58 | €19,857 | €18,947 | -€910 | -4.6% |
| Stocks and contracts in progress | 3 | €14,153 | €15,269 | +€1,116 | +7.9% |
| Stocks | 30/36 | €14,153 | €15,269 | +€1,116 | +7.9% |
| Amounts receivable within one year | 40/41 | €4,641 | €2,022 | -€2,619 | -56.4% |
| Trade receivables | 40 | €3,654 | €2,022 | -€1,632 | -44.7% |
| Other amounts receivable | 41 | €987 | - | -€987 | |
| Cash at bank and in hand | 54/58 | €1,063 | €1,656 | +€593 | +55.8% |
| Total equity and liabilities | 10/49 | €19,857 | €18,947 | -€910 | -4.6% |
| Equity | 10/15 | -€59,375 | -€60,704 | -€1,330 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€79,835 | -€81,164 | -€1,330 | -1.7% |
| Amounts payable | 17/49 | €79,232 | €79,651 | +€420 | +0.5% |
| Amounts payable within one year | 42/48 | €79,232 | €79,651 | +€420 | +0.5% |
| Trade debts | 44 | €3,157 | €2,124 | -€1,033 | -32.7% |
| Suppliers | 440/4 | €3,157 | €2,124 | -€1,033 | -32.7% |
| Taxes, remuneration and social security | 45 | €25,484 | €3,685 | -€21,799 | -85.5% |
| Taxes | 450/3 | €1,262 | €3,685 | +€2,423 | +192% |
| Remuneration and social security | 454/9 | €24,222 | - | -€24,222 | |
| Other amounts payable | 47/48 | €50,592 | €73,843 | +€23,251 | +46.0% |
| Remuneration, social security and pensions | 62 | €412 | €249 | -€164 | -39.7% |
| Other operating charges | 640/8 | €2,318 | €2,477 | +€159 | +6.8% |
| Gross operating margin | 9900 | €12,193 | €3,616 | -€8,577 | -70.3% |
| Operating profit (loss) | 9901 | €9,462 | €890 | -€8,572 | -90.6% |
| Financial charges | 65/66B | €2,004 | €2,220 | +€216 | +10.8% |
| Recurring financial charges | 65 | €2,004 | €2,220 | +€216 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €7,458 | -€1,330 | -€8,788 | |
| Profit (loss) for the period | 9904 | €7,458 | -€1,330 | -€8,788 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,458 | -€1,330 | -€8,788 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.