CHINATOWN: 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.
CHINATOWN
Largest movements
- Tangible fixed assets +€4,530
up €4,530 (+42.0%), from €10,789 to €15,319
of which Plant, machinery and equipment: +€4,984
- Stocks and contracts +€3,930
up €3,930 (+14.5%), from €27,158 to €31,088
- Receivables within one year +€2,957
up €2,957 (+481%), from €614 to €3,572
of which Other amounts receivable: +€2,957
- Cash -€2,524
down €2,524 (-1.3%), from €192,789 to €190,264
mainly Contributions, distributions and other (-€16,000) and Investment in fixed assets (net) (-€8,468)
- Reserves +€9,000
up €9,000 (+8.7%), from €103,859 to €112,859
- Trade debts +€3,381
up €3,381 (+143%), from €2,368 to €5,749
- Staff costs +€28,947
up €28,947 (+285%), from €10,163 to €39,110
- Taxes -€12,802
down €12,802 (-54.8%), from €23,370 to €10,568
- Gross operating margin -€12,296
down €12,296 (-13.6%), from €90,136 to €77,840
- Financial income +€1,349
up €1,349 (+81.3%), from €1,659 to €3,008
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 | €232,599 | €241,881 | +€9,282 | +4.0% |
| Fixed assets | 21/28 | €10,789 | €15,319 | +€4,530 | +42.0% |
| Tangible fixed assets | 22/27 | €10,789 | €15,319 | +€4,530 | +42.0% |
| Plant, machinery and equipment | 23 | €9,261 | €14,245 | +€4,984 | +53.8% |
| Furniture and vehicles | 24 | €1,025 | €775 | -€250 | -24.4% |
| Other tangible fixed assets | 26 | €503 | €299 | -€204 | -40.6% |
| Current assets | 29/58 | €221,810 | €226,562 | +€4,752 | +2.1% |
| Stocks and contracts in progress | 3 | €27,158 | €31,088 | +€3,930 | +14.5% |
| Stocks | 30/36 | €27,158 | €31,088 | +€3,930 | +14.5% |
| Amounts receivable within one year | 40/41 | €614 | €3,572 | +€2,957 | +481% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €614 | €3,572 | +€2,957 | +481% |
| Cash at bank and in hand | 54/58 | €192,789 | €190,264 | -€2,524 | -1.3% |
| Deferred charges and accrued income | 490/1 | €1,249 | €1,638 | +€389 | +31.1% |
| Total equity and liabilities | 10/49 | €232,599 | €241,881 | +€9,282 | +4.0% |
| Equity | 10/15 | €191,711 | €201,105 | +€9,394 | +4.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €103,859 | €112,859 | +€9,000 | +8.7% |
| Distributable reserves | 133 | €103,859 | €112,859 | +€9,000 | +8.7% |
| Profit (loss) carried forward | 14 | €69,260 | €69,654 | +€394 | +0.6% |
| Amounts payable | 17/49 | €40,888 | €40,777 | -€112 | -0.3% |
| Amounts payable within one year | 42/48 | €38,470 | €40,777 | +€2,307 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €3,553 | €2,550 | -€1,003 | -28.2% |
| Trade debts | 44 | €2,368 | €5,749 | +€3,381 | +143% |
| Suppliers | 440/4 | €2,368 | €5,749 | +€3,381 | +143% |
| Taxes, remuneration and social security | 45 | €32,135 | €31,318 | -€818 | -2.5% |
| Taxes | 450/3 | €22,071 | €20,355 | -€1,716 | -7.8% |
| Remuneration and social security | 454/9 | €10,064 | €10,963 | +€898 | +8.9% |
| Other amounts payable | 47/48 | €413 | €1,159 | +€746 | +181% |
| Accrued charges and deferred income | 492/3 | €2,419 | €0 | -€2,419 | -100% |
| Remuneration, social security and pensions | 62 | €10,163 | €39,110 | +€28,947 | +285% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,509 | €3,938 | +€429 | +12.2% |
| Other operating charges | 640/8 | €1,495 | €1,445 | -€50 | -3.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €90,136 | €77,840 | -€12,296 | -13.6% |
| Operating profit (loss) | 9901 | €74,968 | €33,346 | -€41,622 | -55.5% |
| Financial income | 75/76B | €1,659 | €3,008 | +€1,349 | +81.3% |
| Recurring financial income | 75 | €1,659 | €3,008 | +€1,349 | +81.3% |
| Financial charges | 65/66B | €720 | €392 | -€328 | -45.5% |
| Recurring financial charges | 65 | €425 | €392 | -€33 | -7.7% |
| Non-recurring financial charges | 66B | €295 | €0 | -€295 | -100% |
| Profit (loss) for the period before taxes | 9903 | €75,907 | €35,962 | -€39,945 | -52.6% |
| Income taxes | 67/77 | €23,370 | €10,568 | -€12,802 | -54.8% |
| Profit (loss) for the period | 9904 | €52,537 | €25,394 | -€27,143 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,537 | €25,394 | -€27,143 | -51.7% |
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 26 October 2026 via checked.be.