CHINA TOWN: 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 TOWN
Largest movements
- Cash +€18,917
up €18,917 (+42.5%), from €44,541 to €63,458
mainly Net result for the year (+€21,001) and Tax, wage and social debts (+€18,885)
- Tangible fixed assets -€9,544
down €9,544 (-18.7%), from €51,083 to €41,538
of which Land and buildings: -€7,080
- Deferred charges and accrued income +€6,239
new in 2025: €6,239
- Other debts -€33,948
down €33,948 (-85.0%), from €39,923 to €5,975
- Reserves +€21,001
up €21,001 (+298%), from €7,055 to €28,057
- Tax, wage and social debts +€18,885
up €18,885 (+167%), from €11,285 to €30,170
of which Taxes: +€17,432
- Trade debts +€11,789
up €11,789 (+228%), from €5,163 to €16,952
- Accrued charges and deferred income -€2,210
no longer reported in 2025 (was €2,210)
- Gross operating margin +€12,983
up €12,983 (+18.3%), from €71,077 to €84,060
- Other operating charges +€8,610
up €8,610 (+172%), from €4,995 to €13,605
- Staff costs +€8,224
up €8,224 (+50.3%), from €16,335 to €24,559
- Taxes +€4,233
up €4,233 (+51.5%), from €8,221 to €12,454
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 | €105,298 | €120,817 | +€15,518 | +14.7% |
| Fixed assets | 21/28 | €56,595 | €47,051 | -€9,544 | -16.9% |
| Tangible fixed assets | 22/27 | €51,083 | €41,538 | -€9,544 | -18.7% |
| Land and buildings | 22 | €44,636 | €37,556 | -€7,080 | -15.9% |
| Furniture and vehicles | 24 | €3,968 | €1,774 | -€2,194 | -55.3% |
| Other tangible fixed assets | 26 | €2,479 | €2,209 | -€270 | -10.9% |
| Financial fixed assets | 28 | €5,512 | €5,512 | = | 0.0% |
| Current assets | 29/58 | €48,704 | €73,766 | +€25,062 | +51.5% |
| Stocks and contracts in progress | 3 | €3,973 | €4,050 | +€78 | +2.0% |
| Stocks | 30/36 | €3,973 | €4,050 | +€78 | +2.0% |
| Amounts receivable within one year | 40/41 | €191 | €19 | -€172 | -90.2% |
| Other amounts receivable | 41 | €191 | €19 | -€172 | -90.2% |
| Cash at bank and in hand | 54/58 | €44,541 | €63,458 | +€18,917 | +42.5% |
| Deferred charges and accrued income | 490/1 | - | €6,239 | +€6,239 | |
| Total equity and liabilities | 10/49 | €105,298 | €120,817 | +€15,518 | +14.7% |
| Equity | 10/15 | €46,718 | €67,720 | +€21,001 | +45.0% |
| Contributions | 10/11 | €39,663 | €39,663 | = | 0.0% |
| Reserves | 13 | €7,055 | €28,057 | +€21,001 | +298% |
| Distributable reserves | 133 | €7,055 | €28,057 | +€21,001 | +298% |
| Amounts payable | 17/49 | €58,580 | €53,097 | -€5,483 | -9.4% |
| Amounts payable within one year | 42/48 | €56,371 | €53,097 | -€3,274 | -5.8% |
| Trade debts | 44 | €5,163 | €16,952 | +€11,789 | +228% |
| Suppliers | 440/4 | €5,163 | €16,952 | +€11,789 | +228% |
| Taxes, remuneration and social security | 45 | €11,285 | €30,170 | +€18,885 | +167% |
| Taxes | 450/3 | €9,211 | €26,643 | +€17,432 | +189% |
| Remuneration and social security | 454/9 | €2,073 | €3,527 | +€1,453 | +70.1% |
| Other amounts payable | 47/48 | €39,923 | €5,975 | -€33,948 | -85.0% |
| Accrued charges and deferred income | 492/3 | €2,210 | - | -€2,210 | |
| Remuneration, social security and pensions | 62 | €16,335 | €24,559 | +€8,224 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,681 | €10,944 | +€263 | +2.5% |
| Other operating charges | 640/8 | €4,995 | €13,605 | +€8,610 | +172% |
| Gross operating margin | 9900 | €71,077 | €84,060 | +€12,983 | +18.3% |
| Operating profit (loss) | 9901 | €39,065 | €34,952 | -€4,113 | -10.5% |
| Financial charges | 65/66B | €848 | €1,497 | +€649 | +76.6% |
| Recurring financial charges | 65 | €848 | €1,497 | +€649 | +76.6% |
| Profit (loss) for the period before taxes | 9903 | €38,218 | €33,455 | -€4,762 | -12.5% |
| Income taxes | 67/77 | €8,221 | €12,454 | +€4,233 | +51.5% |
| Profit (loss) for the period | 9904 | €29,997 | €21,001 | -€8,995 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,997 | €21,001 | -€8,995 | -30.0% |
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 24 October 2026 via checked.be.