THUNG NGEIN: 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.
THUNG NGEIN
Largest movements
- Receivables within one year +€65,504
up €65,504 (+108%), from €60,391 to €125,894
of which Trade receivables: +€39,840
- Tangible fixed assets +€41,375
up €41,375 (+379%), from €10,914 to €52,289
of which Furniture and vehicles: +€42,813
- Cash +€31,149
up €31,149 (+62.5%), from €49,826 to €80,975
mainly Net result for the year (+€67,284) and Trade debts (+€55,907)
- Current investments +€10,108
new in 2025: €10,108
- Intangible fixed assets -€4,000
down €4,000 (-21.2%), from €18,907 to €14,907
- Profit (loss) carried forward +€82,284
up €82,284, from -€34,505 to €47,779
- Trade debts +€55,907
up €55,907 (+87.9%), from €63,633 to €119,540
- Tax, wage and social debts +€8,633
up €8,633 (+23.8%), from €36,286 to €44,919
of which Taxes: +€5,554
- Current portion of long-term debt +€5,984
up €5,984 (+54.4%), from €11,008 to €16,992
- Debts after one year -€5,308
down €5,308 (-11.0%), from €48,097 to €42,789
- Gross operating margin +€401,820
up €401,820 (+603%), from €66,689 to €468,508
- Staff costs +€285,970
up €285,970 (+456%), from €62,729 to €348,699
- Depreciation +€17,719
up €17,719 (+955%), from €1,855 to €19,574
- Financial charges -€13,330
down €13,330 (-61.6%), from €21,631 to €8,302
- Taxes +€6,482
up €6,482 (+43.2%), from €15,000 to €21,482
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 | €143,303 | €289,261 | +€145,958 | +102% |
| Fixed assets | 21/28 | €29,821 | €68,096 | +€38,275 | +128% |
| Intangible fixed assets | 21 | €18,907 | €14,907 | -€4,000 | -21.2% |
| Tangible fixed assets | 22/27 | €10,914 | €52,289 | +€41,375 | +379% |
| Plant, machinery and equipment | 23 | €10,914 | €9,476 | -€1,438 | -13.2% |
| Furniture and vehicles | 24 | - | €42,813 | +€42,813 | |
| Financial fixed assets | 28 | - | €900 | +€900 | |
| Current assets | 29/58 | €113,482 | €221,165 | +€107,683 | +94.9% |
| Amounts receivable within one year | 40/41 | €60,391 | €125,894 | +€65,504 | +108% |
| Trade receivables | 40 | €60,391 | €100,231 | +€39,840 | +66.0% |
| Other amounts receivable | 41 | - | €25,664 | +€25,664 | |
| Current investments | 50/53 | - | €10,108 | +€10,108 | |
| Cash at bank and in hand | 54/58 | €49,826 | €80,975 | +€31,149 | +62.5% |
| Deferred charges and accrued income | 490/1 | €3,265 | €4,187 | +€922 | +28.2% |
| Total equity and liabilities | 10/49 | €143,303 | €289,261 | +€145,958 | +102% |
| Equity | 10/15 | -€19,505 | €62,779 | +€82,284 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,505 | €47,779 | +€82,284 | |
| Amounts payable | 17/49 | €162,808 | €226,482 | +€63,674 | +39.1% |
| Amounts payable after more than one year | 17 | €48,097 | €42,789 | -€5,308 | -11.0% |
| Financial debts | 170/4 | €48,097 | €42,789 | -€5,308 | -11.0% |
| Amounts payable within one year | 42/48 | €114,711 | €183,693 | +€68,982 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €11,008 | €16,992 | +€5,984 | +54.4% |
| Trade debts | 44 | €63,633 | €119,540 | +€55,907 | +87.9% |
| Suppliers | 440/4 | €63,633 | €119,540 | +€55,907 | +87.9% |
| Taxes, remuneration and social security | 45 | €36,286 | €44,919 | +€8,633 | +23.8% |
| Taxes | 450/3 | €8,182 | €13,736 | +€5,554 | +67.9% |
| Remuneration and social security | 454/9 | €28,104 | €31,184 | +€3,079 | +11.0% |
| Other amounts payable | 47/48 | €3,785 | €2,243 | -€1,542 | -40.7% |
| Remuneration, social security and pensions | 62 | €62,729 | €348,699 | +€285,970 | +456% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,855 | €19,574 | +€17,719 | +955% |
| Other operating charges | 640/8 | - | €4,104 | +€4,104 | |
| Gross operating margin | 9900 | €66,689 | €468,508 | +€401,820 | +603% |
| Operating profit (loss) | 9901 | €2,105 | €96,132 | +€94,027 | +4,468% |
| Financial income | 75/76B | €22 | €935 | +€913 | +4,195% |
| Recurring financial income | 75 | €22 | €935 | +€913 | +4,195% |
| Financial charges | 65/66B | €21,631 | €8,302 | -€13,330 | -61.6% |
| Recurring financial charges | 65 | €21,631 | €8,302 | -€13,330 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,505 | €88,765 | +€108,270 | |
| Income taxes | 67/77 | €15,000 | €21,482 | +€6,482 | +43.2% |
| Profit (loss) for the period | 9904 | -€34,505 | €67,284 | +€101,789 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,505 | €67,284 | +€101,789 |
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 20 October 2026 via checked.be.