Jia Liu: 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.
Jia Liu
Largest movements
- Cash +€50,939
up €50,939 (+66.8%), from €76,270 to €127,209
mainly Net result for the year (+€66,746) and Tax, wage and social debts (+€2,061)
- Current investments +€12,000
up €12,000 (+30.0%), from €39,999 to €51,999
- Deferred charges and accrued income +€3,262
up €3,262 (+108%), from €3,019 to €6,281
- Receivables within one year +€2,828
up €2,828 (+82.5%), from €3,429 to €6,257
of which Other amounts receivable: +€2,537
- Profit (loss) carried forward +€66,746
up €66,746 (+139%), from €47,944 to €114,690
- Tax, wage and social debts +€2,061
up €2,061 (+10.7%), from €19,198 to €21,259
- Gross operating margin +€23,981
up €23,981 (+39.4%), from €60,915 to €84,896
- Taxes +€4,907
up €4,907 (+38.8%), from €12,647 to €17,554
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 | €122,718 | €191,746 | +€69,029 | +56.3% |
| Current assets | 29/58 | €122,718 | €191,746 | +€69,029 | +56.3% |
| Amounts receivable within one year | 40/41 | €3,429 | €6,257 | +€2,828 | +82.5% |
| Trade receivables | 40 | - | €291 | +€291 | |
| Other amounts receivable | 41 | €3,429 | €5,966 | +€2,537 | +74.0% |
| Current investments | 50/53 | €39,999 | €51,999 | +€12,000 | +30.0% |
| Cash at bank and in hand | 54/58 | €76,270 | €127,209 | +€50,939 | +66.8% |
| Deferred charges and accrued income | 490/1 | €3,019 | €6,281 | +€3,262 | +108% |
| Total equity and liabilities | 10/49 | €122,718 | €191,746 | +€69,029 | +56.3% |
| Equity | 10/15 | €102,025 | €168,772 | +€66,746 | +65.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €53,081 | €53,081 | = | 0.0% |
| Distributable reserves | 133 | €53,081 | €53,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,944 | €114,690 | +€66,746 | +139% |
| Amounts payable | 17/49 | €20,692 | €22,975 | +€2,282 | +11.0% |
| Amounts payable within one year | 42/48 | €20,692 | €22,975 | +€2,282 | +11.0% |
| Trade debts | 44 | €1,495 | €1,716 | +€221 | +14.8% |
| Suppliers | 440/4 | €1,495 | €1,716 | +€221 | +14.8% |
| Taxes, remuneration and social security | 45 | €19,198 | €21,259 | +€2,061 | +10.7% |
| Taxes | 450/3 | €19,198 | €21,259 | +€2,061 | +10.7% |
| Other operating charges | 640/8 | €384 | €1,003 | +€619 | +161% |
| Gross operating margin | 9900 | €60,915 | €84,896 | +€23,981 | +39.4% |
| Operating profit (loss) | 9901 | €60,530 | €83,893 | +€23,363 | +38.6% |
| Financial income | 75/76B | €61 | €529 | +€468 | +767% |
| Recurring financial income | 75 | €61 | €529 | +€468 | +767% |
| Financial charges | 65/66B | €0 | €121 | +€120 | +54,732% |
| Recurring financial charges | 65 | €0 | €121 | +€120 | +54,732% |
| Profit (loss) for the period before taxes | 9903 | €60,591 | €84,301 | +€23,710 | +39.1% |
| Income taxes | 67/77 | €12,647 | €17,554 | +€4,907 | +38.8% |
| Profit (loss) for the period | 9904 | €47,944 | €66,746 | +€18,802 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,944 | €66,746 | +€18,802 | +39.2% |
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.