Changjiang: 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.
Changjiang
Largest movements
- Current investments +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Cash +€45,631
up €45,631 (+271%), from €16,865 to €62,496
mainly Net result for the year (+€97,567) and Depreciation (+€13,971)
- Tangible fixed assets -€4,102
down €4,102 (-8.0%), from €50,969 to €46,868
of which Furniture and vehicles: -€4,126
- Receivables within one year -€2,961
down €2,961 (-74.3%), from €3,983 to €1,022
- Profit (loss) carried forward +€97,567
up €97,567 (+95.0%), from €102,717 to €200,284
- Other debts -€20,270
down €20,270 (-60.0%), from €33,792 to €13,522
- Trade debts +€5,960
up €5,960 (+102%), from €5,849 to €11,809
- Tax, wage and social debts +€4,651
up €4,651 (+17.3%), from €26,862 to €31,513
of which Taxes: +€4,651
- Gross operating margin +€69,133
up €69,133 (+87.1%), from €79,382 to €148,515
- Taxes +€12,722
up €12,722 (+90.9%), from €13,988 to €26,710
- Depreciation +€4,275
up €4,275 (+44.1%), from €9,696 to €13,971
- Financial income +€2,800
up €2,800 (+274%), from €1,022 to €3,822
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 | €174,220 | €262,128 | +€87,908 | +50.5% |
| Fixed assets | 21/28 | €51,422 | €47,180 | -€4,242 | -8.2% |
| Intangible fixed assets | 21 | €453 | €313 | -€140 | -30.9% |
| Tangible fixed assets | 22/27 | €50,969 | €46,868 | -€4,102 | -8.0% |
| Plant, machinery and equipment | 23 | €30,633 | €30,657 | +€24 | +0.1% |
| Furniture and vehicles | 24 | €20,336 | €16,210 | -€4,126 | -20.3% |
| Current assets | 29/58 | €122,798 | €214,948 | +€92,150 | +75.0% |
| Stocks and contracts in progress | 3 | €1,950 | €1,430 | -€520 | -26.7% |
| Stocks | 30/36 | €1,950 | €1,430 | -€520 | -26.7% |
| Amounts receivable within one year | 40/41 | €3,983 | €1,022 | -€2,961 | -74.3% |
| Other amounts receivable | 41 | €3,983 | €1,022 | -€2,961 | -74.3% |
| Current investments | 50/53 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €16,865 | €62,496 | +€45,631 | +271% |
| Total equity and liabilities | 10/49 | €174,220 | €262,128 | +€87,908 | +50.5% |
| Equity | 10/15 | €107,717 | €205,284 | +€97,567 | +90.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,717 | €200,284 | +€97,567 | +95.0% |
| Amounts payable | 17/49 | €66,504 | €56,845 | -€9,659 | -14.5% |
| Amounts payable within one year | 42/48 | €66,504 | €56,845 | -€9,659 | -14.5% |
| Trade debts | 44 | €5,849 | €11,809 | +€5,960 | +102% |
| Suppliers | 440/4 | €5,849 | €11,809 | +€5,960 | +102% |
| Taxes, remuneration and social security | 45 | €26,862 | €31,513 | +€4,651 | +17.3% |
| Taxes | 450/3 | €24,362 | €29,013 | +€4,651 | +19.1% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €33,792 | €13,522 | -€20,270 | -60.0% |
| Remuneration, social security and pensions | 62 | €682 | - | -€682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,696 | €13,971 | +€4,275 | +44.1% |
| Other operating charges | 640/8 | €1,555 | €1,618 | +€63 | +4.0% |
| Non-recurring operating charges | 66A | - | €12,047 | +€12,047 | |
| Gross operating margin | 9900 | €79,382 | €148,515 | +€69,133 | +87.1% |
| Operating profit (loss) | 9901 | €67,449 | €120,879 | +€53,429 | +79.2% |
| Financial income | 75/76B | €1,022 | €3,822 | +€2,800 | +274% |
| Recurring financial income | 75 | €1,022 | €3,822 | +€2,800 | +274% |
| Financial charges | 65/66B | €66 | €424 | +€358 | +540% |
| Recurring financial charges | 65 | €40 | €415 | +€375 | +938% |
| Non-recurring financial charges | 66B | €26 | €8 | -€18 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €68,405 | €124,277 | +€55,872 | +81.7% |
| Income taxes | 67/77 | €13,988 | €26,710 | +€12,722 | +90.9% |
| Profit (loss) for the period | 9904 | €54,417 | €97,567 | +€43,151 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,417 | €97,567 | +€43,151 | +79.3% |
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 24 October 2026 via checked.be.