CHEN & JIN: 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.
CHEN & JIN
Largest movements
- Receivables within one year +€73,209
up €73,209 (+780.7%), from €9,378 to €82,587
of which Other amounts receivable: +€63,208
- Cash -€56,818
down €56,818 (-43.8%), from €129,610 to €72,792
mainly Receivables within one year (-€73,209) and Other debts (-€28,647)
- Tangible fixed assets -€19,364
down €19,364 (-17.5%), from €110,336 to €90,972
of which Furniture and vehicles: -€25,052
- Intangible fixed assets -€11,909
down €11,909 (-100.0%), from €11,909 to €0
- Stocks and contracts -€5,562
down €5,562 (-6.8%), from €81,530 to €75,968
- Other debts -€28,647
no longer reported in 2023 (was €28,647)
- Trade debts +€23,387
up €23,387 (+87.0%), from €26,887 to €50,274
- Tax, wage and social debts -€17,376
down €17,376 (-34.9%), from €49,851 to €32,474
of which Taxes: -€26,318
- Profit (loss) carried forward +€15,768
up €15,768 (+9.5%), from €166,034 to €181,802
- Debts after one year -€12,668
down €12,668 (-25.4%), from €49,964 to €37,296
- Gross operating margin +€53,147
up €53,147 (+48.9%), from €108,765 to €161,912
- Staff costs +€49,682
up €49,682 (+105.3%), from €47,164 to €96,846
- Depreciation +€15,521
up €15,521 (+62.0%), from €25,052 to €40,573
- Other operating charges -€2,441
down €2,441 (-66.8%), from €3,654 to €1,213
- Financial charges +€2,059
up €2,059 (+273.9%), from €752 to €2,811
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €344,982 | €322,575 | -€22,407 | -6.5% |
| Fixed assets | 21/28 | €122,245 | €90,972 | -€31,273 | -25.6% |
| Intangible fixed assets | 21 | €11,909 | €0 | -€11,909 | -100.0% |
| Tangible fixed assets | 22/27 | €110,336 | €90,972 | -€19,364 | -17.5% |
| Plant, machinery and equipment | 23 | €4,674 | €4,969 | +€295 | +6.3% |
| Furniture and vehicles | 24 | €105,662 | €80,610 | -€25,052 | -23.7% |
| Other tangible fixed assets | 26 | - | €5,393 | +€5,393 | |
| Current assets | 29/58 | €222,737 | €231,603 | +€8,866 | +4.0% |
| Stocks and contracts in progress | 3 | €81,530 | €75,968 | -€5,562 | -6.8% |
| Stocks | 30/36 | €81,530 | €75,968 | -€5,562 | -6.8% |
| Amounts receivable within one year | 40/41 | €9,378 | €82,587 | +€73,209 | +780.7% |
| Trade receivables | 40 | €2,827 | €12,828 | +€10,001 | +353.8% |
| Other amounts receivable | 41 | €6,551 | €69,759 | +€63,208 | +964.8% |
| Cash at bank and in hand | 54/58 | €129,610 | €72,792 | -€56,818 | -43.8% |
| Deferred charges and accrued income | 490/1 | €2,220 | €256 | -€1,964 | -88.5% |
| Total equity and liabilities | 10/49 | €344,982 | €322,575 | -€22,407 | -6.5% |
| Equity | 10/15 | €174,094 | €189,862 | +€15,768 | +9.1% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Profit (loss) carried forward | 14 | €166,034 | €181,802 | +€15,768 | +9.5% |
| Amounts payable | 17/49 | €170,888 | €132,713 | -€38,175 | -22.3% |
| Amounts payable after more than one year | 17 | €49,964 | €37,296 | -€12,668 | -25.4% |
| Financial debts | 170/4 | €49,964 | €37,296 | -€12,668 | -25.4% |
| Amounts payable within one year | 42/48 | €120,923 | €95,417 | -€25,506 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €15,539 | €12,668 | -€2,870 | -18.5% |
| Trade debts | 44 | €26,887 | €50,274 | +€23,387 | +87.0% |
| Suppliers | 440/4 | €26,887 | €50,274 | +€23,387 | +87.0% |
| Taxes, remuneration and social security | 45 | €49,851 | €32,474 | -€17,376 | -34.9% |
| Taxes | 450/3 | €37,618 | €11,300 | -€26,318 | -70.0% |
| Remuneration and social security | 454/9 | €12,233 | €21,175 | +€8,942 | +73.1% |
| Other amounts payable | 47/48 | €28,647 | - | -€28,647 | |
| Remuneration, social security and pensions | 62 | €47,164 | €96,846 | +€49,682 | +105.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,052 | €40,573 | +€15,521 | +62.0% |
| Other operating charges | 640/8 | €3,654 | €1,213 | -€2,441 | -66.8% |
| Gross operating margin | 9900 | €108,765 | €161,912 | +€53,147 | +48.9% |
| Operating profit (loss) | 9901 | €32,895 | €23,280 | -€9,615 | -29.2% |
| Financial income | 75/76B | €103 | €1,328 | +€1,225 | +1189.4% |
| Recurring financial income | 75 | €103 | €1,328 | +€1,225 | +1189.4% |
| Financial charges | 65/66B | €752 | €2,811 | +€2,059 | +273.9% |
| Recurring financial charges | 65 | €752 | €2,811 | +€2,059 | +273.9% |
| Profit (loss) for the period before taxes | 9903 | €32,246 | €21,797 | -€10,449 | -32.4% |
| Income taxes | 67/77 | €6,294 | €6,029 | -€265 | -4.2% |
| Profit (loss) for the period | 9904 | €25,952 | €15,768 | -€10,185 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,952 | €15,768 | -€10,185 | -39.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.