THUNG THONG: 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 THONG
Largest movements
- Current investments +€25,673
up €25,673 (+84.0%), from €30,563 to €56,236
- Tangible fixed assets -€16,371
down €16,371 (-21.9%), from €74,851 to €58,480
of which Furniture and vehicles: -€12,859
- Cash +€15,838
up €15,838 (+27.1%), from €58,435 to €74,273
mainly Other debts (+€74,500) and Net result for the year (+€70,822)
- Receivables within one year +€12,261
up €12,261 (+9.8%), from €125,042 to €137,303
of which Trade receivables: +€16,734
- Other debts +€74,500
new in 2025: €74,500
- Trade debts -€21,535
down €21,535 (-14.7%), from €146,163 to €124,628
- Current portion of long-term debt -€7,574
down €7,574 (-56.0%), from €13,537 to €5,963
- Debts after one year -€5,963
no longer reported in 2025 (was €5,963)
- Profit (loss) carried forward -€3,678
down €3,678 (-4.8%), from €76,863 to €73,185
- Gross operating margin +€75,822
up €75,822 (+19.1%), from €396,784 to €472,605
- Taxes +€20,858
up €20,858 (+205%), from €10,191 to €31,049
- Staff costs +€5,195
up €5,195 (+1.6%), from €330,529 to €335,724
- Depreciation +€5,028
up €5,028 (+25.6%), from €19,665 to €24,694
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 | €305,298 | €340,325 | +€35,026 | +11.5% |
| Fixed assets | 21/28 | €81,277 | €63,906 | -€17,371 | -21.4% |
| Intangible fixed assets | 21 | €4,325 | €3,325 | -€1,000 | -23.1% |
| Tangible fixed assets | 22/27 | €74,851 | €58,480 | -€16,371 | -21.9% |
| Plant, machinery and equipment | 23 | €25,514 | €19,973 | -€5,542 | -21.7% |
| Furniture and vehicles | 24 | €33,071 | €20,212 | -€12,859 | -38.9% |
| Other tangible fixed assets | 26 | €16,266 | €18,296 | +€2,030 | +12.5% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €224,022 | €276,419 | +€52,397 | +23.4% |
| Stocks and contracts in progress | 3 | €8,236 | €8,236 | = | 0.0% |
| Stocks | 30/36 | €8,236 | €8,236 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €125,042 | €137,303 | +€12,261 | +9.8% |
| Trade receivables | 40 | €105,585 | €122,319 | +€16,734 | +15.8% |
| Other amounts receivable | 41 | €19,457 | €14,984 | -€4,473 | -23.0% |
| Current investments | 50/53 | €30,563 | €56,236 | +€25,673 | +84.0% |
| Cash at bank and in hand | 54/58 | €58,435 | €74,273 | +€15,838 | +27.1% |
| Deferred charges and accrued income | 490/1 | €1,746 | €371 | -€1,375 | -78.8% |
| Total equity and liabilities | 10/49 | €305,298 | €340,325 | +€35,026 | +11.5% |
| Equity | 10/15 | €78,863 | €75,185 | -€3,678 | -4.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,863 | €73,185 | -€3,678 | -4.8% |
| Amounts payable | 17/49 | €226,435 | €265,140 | +€38,704 | +17.1% |
| Amounts payable after more than one year | 17 | €5,963 | - | -€5,963 | |
| Financial debts | 170/4 | €5,963 | - | -€5,963 | |
| Amounts payable within one year | 42/48 | €220,473 | €265,140 | +€44,667 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €13,537 | €5,963 | -€7,574 | -56.0% |
| Trade debts | 44 | €146,163 | €124,628 | -€21,535 | -14.7% |
| Suppliers | 440/4 | €146,163 | €124,628 | -€21,535 | -14.7% |
| Advances received on contracts in progress | 46 | €1,207 | - | -€1,207 | |
| Taxes, remuneration and social security | 45 | €59,566 | €60,049 | +€483 | +0.8% |
| Taxes | 450/3 | €20,696 | €30,417 | +€9,721 | +47.0% |
| Remuneration and social security | 454/9 | €38,870 | €29,632 | -€9,238 | -23.8% |
| Other amounts payable | 47/48 | - | €74,500 | +€74,500 | |
| Remuneration, social security and pensions | 62 | €330,529 | €335,724 | +€5,195 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,665 | €24,694 | +€5,028 | +25.6% |
| Other operating charges | 640/8 | €6,772 | €4,022 | -€2,750 | -40.6% |
| Gross operating margin | 9900 | €396,784 | €472,605 | +€75,822 | +19.1% |
| Operating profit (loss) | 9901 | €39,818 | €108,166 | +€68,348 | +172% |
| Financial income | 75/76B | €59 | €465 | +€406 | +690% |
| Recurring financial income | 75 | €59 | €465 | +€406 | +690% |
| Financial charges | 65/66B | €5,783 | €6,760 | +€977 | +16.9% |
| Recurring financial charges | 65 | €5,783 | €6,760 | +€977 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €34,094 | €101,871 | +€67,777 | +199% |
| Income taxes | 67/77 | €10,191 | €31,049 | +€20,858 | +205% |
| Profit (loss) for the period | 9904 | €23,903 | €70,822 | +€46,919 | +196% |
| Profit (loss) for the period to be appropriated | 9905 | €23,903 | €70,822 | +€46,919 | +196% |
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.