CHINA XING: 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 XING
Largest movements
- Tangible fixed assets +€557,511
up €557,511 (+602%), from €92,680 to €650,191
of which Land and buildings: +€592,093
- Receivables after one year -€115,000
down €115,000 (-100%), from €115,000 to €0
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash -€30,193
down €30,193 (-33.1%), from €91,098 to €60,905
mainly Investment in fixed assets (net) (-€678,385) and Contributions, distributions and other (-€140,620)
- Receivables within one year +€18,842
up €18,842 (+117%), from €16,151 to €34,993
of which Other amounts receivable: +€18,322
- Debts after one year +€435,658
up €435,658, from €0 to €435,658
- Reserves -€140,620
down €140,620 (-43.0%), from €327,184 to €186,564
of which Distributable reserves: -€140,620
- Current portion of long-term debt +€33,364
up €33,364 (+437%), from €7,626 to €40,990
- Tax, wage and social debts +€11,560
up €11,560 (+81.0%), from €14,272 to €25,831
of which Taxes: +€8,405
- Depreciation +€80,946
up €80,946 (+203%), from €39,928 to €120,875
- Taxes -€31,115
down €31,115 (-96.7%), from €32,191 to €1,076
- Gross operating margin -€23,492
down €23,492 (-7.9%), from €296,346 to €272,855
- Staff costs +€6,612
up €6,612 (+4.8%), from €137,409 to €144,021
- Financial income -€4,430
down €4,430 (-80.3%), from €5,514 to €1,084
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 | €432,182 | €771,938 | +€339,757 | +78.6% |
| Fixed assets | 21/28 | €92,680 | €650,191 | +€557,511 | +602% |
| Tangible fixed assets | 22/27 | €92,680 | €650,191 | +€557,511 | +602% |
| Land and buildings | 22 | - | €592,093 | +€592,093 | |
| Plant, machinery and equipment | 23 | €64,817 | €47,231 | -€17,585 | -27.1% |
| Furniture and vehicles | 24 | €27,863 | €10,866 | -€16,997 | -61.0% |
| Current assets | 29/58 | €339,502 | €121,748 | -€217,754 | -64.1% |
| Amounts receivable after more than one year | 29 | €115,000 | €0 | -€115,000 | -100% |
| Other amounts receivable | 291 | €115,000 | €0 | -€115,000 | -100% |
| Stocks and contracts in progress | 3 | €10,950 | €18,372 | +€7,421 | +67.8% |
| Stocks | 30/36 | €10,950 | €18,372 | +€7,421 | +67.8% |
| Amounts receivable within one year | 40/41 | €16,151 | €34,993 | +€18,842 | +117% |
| Trade receivables | 40 | €6,614 | €7,134 | +€520 | +7.9% |
| Other amounts receivable | 41 | €9,537 | €27,860 | +€18,322 | +192% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €91,098 | €60,905 | -€30,193 | -33.1% |
| Deferred charges and accrued income | 490/1 | €6,303 | €7,478 | +€1,175 | +18.6% |
| Total equity and liabilities | 10/49 | €432,182 | €771,938 | +€339,757 | +78.6% |
| Equity | 10/15 | €333,384 | €189,362 | -€144,021 | -43.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €327,184 | €186,564 | -€140,620 | -43.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €327,184 | €186,564 | -€140,620 | -43.0% |
| Profit (loss) carried forward | 14 | €0 | -€3,402 | -€3,402 | |
| Amounts payable | 17/49 | €98,798 | €582,576 | +€483,778 | +490% |
| Amounts payable after more than one year | 17 | €0 | €435,658 | +€435,658 | |
| Financial debts | 170/4 | €0 | €435,658 | +€435,658 | |
| Amounts payable within one year | 42/48 | €98,798 | €144,705 | +€45,907 | +46.5% |
| Current portion of amounts payable after more than one year | 42 | €7,626 | €40,990 | +€33,364 | +437% |
| Trade debts | 44 | €25,520 | €21,270 | -€4,250 | -16.7% |
| Suppliers | 440/4 | €25,520 | €21,270 | -€4,250 | -16.7% |
| Advances received on contracts in progress | 46 | - | €247 | +€247 | |
| Taxes, remuneration and social security | 45 | €14,272 | €25,831 | +€11,560 | +81.0% |
| Taxes | 450/3 | €3,618 | €12,023 | +€8,405 | +232% |
| Remuneration and social security | 454/9 | €10,654 | €13,808 | +€3,154 | +29.6% |
| Other amounts payable | 47/48 | €51,379 | €56,367 | +€4,987 | +9.7% |
| Accrued charges and deferred income | 492/3 | - | €2,214 | +€2,214 | |
| Remuneration, social security and pensions | 62 | €137,409 | €144,021 | +€6,612 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,928 | €120,875 | +€80,946 | +203% |
| Other operating charges | 640/8 | €2,074 | €4,995 | +€2,921 | +141% |
| Gross operating margin | 9900 | €296,346 | €272,855 | -€23,492 | -7.9% |
| Operating profit (loss) | 9901 | €116,935 | €2,965 | -€113,971 | -97.5% |
| Financial income | 75/76B | €5,514 | €1,084 | -€4,430 | -80.3% |
| Recurring financial income | 75 | €5,514 | €1,084 | -€4,430 | -80.3% |
| Financial charges | 65/66B | €4,389 | €6,374 | +€1,986 | +45.2% |
| Recurring financial charges | 65 | €4,389 | €6,374 | +€1,986 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €118,061 | -€2,326 | -€120,387 | |
| Income taxes | 67/77 | €32,191 | €1,076 | -€31,115 | -96.7% |
| Profit (loss) for the period | 9904 | €85,870 | -€3,402 | -€89,272 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,870 | -€3,402 | -€89,272 |
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.