CHINA PAVILION: 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.
CHINA PAVILION
Largest movements
- Tangible fixed assets -€3,850
down €3,850 (-16.8%), from €22,896 to €19,046
- Receivables within one year -€3,258
down €3,258 (-57.5%), from €5,670 to €2,412
of which Trade receivables: -€2,498
- Cash -€782
down €782 (-12.0%), from €6,495 to €5,713
mainly Net result for the year (-€4,761) and Trade debts (-€3,258)
- Profit (loss) carried forward -€4,761
down €4,761 (-146%), from -€3,251 to -€8,012
- Trade debts -€3,258
no longer reported in 2025 (was €3,258)
- Gross operating margin -€6,654
down €6,654, from €5,948 to -€706
- Staff costs -€4,687
no longer reported in 2025 (was €4,687)
- Other operating charges -€800
down €800 (-93.0%), from €861 to €61
- Financial charges -€292
down €292 (-66.8%), from €437 to €145
- Depreciation -€183
down €183 (-4.5%), from €4,033 to €3,850
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 | €37,427 | €29,528 | -€7,899 | -21.1% |
| Fixed assets | 21/28 | €25,252 | €21,402 | -€3,850 | -15.2% |
| Tangible fixed assets | 22/27 | €22,896 | €19,046 | -€3,850 | -16.8% |
| Plant, machinery and equipment | 23 | €22,896 | €19,046 | -€3,850 | -16.8% |
| Financial fixed assets | 28 | €2,356 | €2,356 | +€0 | 0.0% |
| Current assets | 29/58 | €12,175 | €8,125 | -€4,050 | -33.3% |
| Amounts receivable within one year | 40/41 | €5,670 | €2,412 | -€3,258 | -57.5% |
| Trade receivables | 40 | €2,498 | - | -€2,498 | |
| Other amounts receivable | 41 | €3,172 | €2,412 | -€760 | -24.0% |
| Cash at bank and in hand | 54/58 | €6,495 | €5,713 | -€782 | -12.0% |
| Deferred charges and accrued income | 490/1 | €10 | - | -€10 | |
| Total equity and liabilities | 10/49 | €37,427 | €29,528 | -€7,899 | -21.1% |
| Equity | 10/15 | €34,097 | €29,336 | -€4,761 | -14.0% |
| Contributions | 10/11 | €24,789 | €24,789 | +€0 | 0.0% |
| Contributions outside capital | 11 | - | €24,789 | +€24,789 | |
| Other | 1109/19 | - | €24,789 | +€24,789 | |
| Reserves | 13 | €12,559 | €12,559 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | -€0 | 0.0% |
| Distributable reserves | 133 | €10,080 | €10,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,251 | -€8,012 | -€4,761 | -146% |
| Amounts payable | 17/49 | €3,330 | €191 | -€3,139 | -94.3% |
| Amounts payable within one year | 42/48 | €3,330 | €191 | -€3,139 | -94.3% |
| Trade debts | 44 | €3,258 | - | -€3,258 | |
| Suppliers | 440/4 | €3,258 | - | -€3,258 | |
| Taxes, remuneration and social security | 45 | €72 | €191 | +€119 | +166% |
| Taxes | 450/3 | €72 | €191 | +€119 | +166% |
| Remuneration, social security and pensions | 62 | €4,687 | - | -€4,687 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,033 | €3,850 | -€183 | -4.5% |
| Other operating charges | 640/8 | €861 | €61 | -€800 | -93.0% |
| Gross operating margin | 9900 | €5,948 | -€706 | -€6,654 | |
| Operating profit (loss) | 9901 | -€3,633 | -€4,616 | -€983 | -27.1% |
| Financial charges | 65/66B | €437 | €145 | -€292 | -66.8% |
| Recurring financial charges | 65 | €437 | €145 | -€292 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,070 | -€4,761 | -€691 | -17.0% |
| Income taxes | 67/77 | €72 | - | -€72 | |
| Profit (loss) for the period | 9904 | -€4,142 | -€4,761 | -€619 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,142 | -€4,761 | -€619 | -15.0% |
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.