CHINESE STAR: 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.
CHINESE STAR
Largest movements
- Receivables within one year +€7,557
up €7,557 (+147%), from €5,140 to €12,697
of which Trade receivables: +€7,556
- Cash +€5,648
up €5,648 (+167%), from €3,379 to €9,027
mainly Net result for the year (+€13,234) and Advances received (+€3,630)
- Stocks and contracts -€1,130
down €1,130 (-77.2%), from €1,464 to €334
- Formation expenses -€364
down €364 (-51.8%), from €703 to €338
- Profit (loss) carried forward +€13,234
up €13,234, from -€8,272 to €4,961
- Trade debts -€5,597
down €5,597 (-44.6%), from €12,560 to €6,963
- Advances received +€3,630
new in 2025: €3,630
- Tax, wage and social debts +€367
new in 2025: €367
- Gross operating margin +€27,629
up €27,629, from -€4,942 to €22,687
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 | €10,903 | €22,539 | +€11,635 | +107% |
| Formation expenses | 20 | €703 | €338 | -€364 | -51.8% |
| Current assets | 29/58 | €10,201 | €22,200 | +€12,000 | +118% |
| Stocks and contracts in progress | 3 | €1,464 | €334 | -€1,130 | -77.2% |
| Stocks | 30/36 | €1,464 | €334 | -€1,130 | -77.2% |
| Amounts receivable within one year | 40/41 | €5,140 | €12,697 | +€7,557 | +147% |
| Trade receivables | 40 | €1,869 | €9,425 | +€7,556 | +404% |
| Other amounts receivable | 41 | €3,271 | €3,272 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €3,379 | €9,027 | +€5,648 | +167% |
| Deferred charges and accrued income | 490/1 | €218 | €142 | -€76 | -34.9% |
| Total equity and liabilities | 10/49 | €10,903 | €22,539 | +€11,635 | +107% |
| Equity | 10/15 | -€1,722 | €11,511 | +€13,234 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €350 | €350 | = | 0.0% |
| Distributable reserves | 133 | €350 | €350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,272 | €4,961 | +€13,234 | |
| Amounts payable | 17/49 | €12,626 | €11,028 | -€1,598 | -12.7% |
| Amounts payable within one year | 42/48 | €12,560 | €10,961 | -€1,599 | -12.7% |
| Trade debts | 44 | €12,560 | €6,963 | -€5,597 | -44.6% |
| Suppliers | 440/4 | €12,560 | €6,963 | -€5,597 | -44.6% |
| Advances received on contracts in progress | 46 | - | €3,630 | +€3,630 | |
| Taxes, remuneration and social security | 45 | - | €367 | +€367 | |
| Taxes | 450/3 | - | €367 | +€367 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €361 | €364 | +€3 | +0.9% |
| Other operating charges | 640/8 | €1,703 | €1,819 | +€116 | +6.8% |
| Non-recurring operating charges | 66A | - | €5,902 | +€5,902 | |
| Gross operating margin | 9900 | -€4,942 | €22,687 | +€27,629 | |
| Operating profit (loss) | 9901 | -€7,007 | €14,602 | +€21,608 | |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €1,213 | €1,231 | +€19 | +1.5% |
| Recurring financial charges | 65 | €1,213 | €1,231 | +€19 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,219 | €13,404 | +€21,623 | |
| Income taxes | 67/77 | €162 | €171 | +€9 | +5.5% |
| Profit (loss) for the period | 9904 | -€8,381 | €13,234 | +€21,615 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,381 | €13,234 | +€21,615 |
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.