JIA MING: 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 MING
Largest movements
- Receivables within one year -€48,259
down €48,259 (-56.2%), from €85,856 to €37,597
of which Other amounts receivable: -€48,227
- Cash -€31,969
down €31,969 (-34.1%), from €93,825 to €61,857
mainly Other debts (-€35,622) and Net result for the year (-€28,575)
- Deferred charges and accrued income +€7,684
up €7,684 (+423%), from €1,815 to €9,500
- Tangible fixed assets -€5,841
down €5,841 (-31.0%), from €18,842 to €13,001
of which Plant, machinery and equipment: -€4,096
- Financial fixed assets +€4,000
up €4,000 (+30.8%), from €13,000 to €17,000
- Other debts -€35,622
down €35,622 (-56.6%), from €62,926 to €27,304
- Profit (loss) carried forward -€28,575
down €28,575 (-373%), from -€7,653 to -€36,228
- Reserves -€27,304
down €27,304 (-25.7%), from €106,270 to €78,966
- Tax, wage and social debts +€9,759
up €9,759 (+36.6%), from €26,661 to €36,420
of which Remuneration and social security: +€8,372
- Trade debts +€3,673
up €3,673 (+12.0%), from €30,494 to €34,167
- Gross operating margin -€38,100
down €38,100 (-17.1%), from €222,288 to €184,187
- Staff costs +€28,036
up €28,036 (+17.5%), from €160,093 to €188,129
- Financial income -€15,165
down €15,165 (-81.7%), from €18,551 to €3,387
of which Non-recurring financial income: -€13,808
- Other operating charges +€4,635
up €4,635 (+43.6%), from €10,624 to €15,259
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 | €224,899 | €149,829 | -€75,070 | -33.4% |
| Fixed assets | 21/28 | €31,842 | €30,001 | -€1,841 | -5.8% |
| Tangible fixed assets | 22/27 | €18,842 | €13,001 | -€5,841 | -31.0% |
| Plant, machinery and equipment | 23 | €14,188 | €10,093 | -€4,096 | -28.9% |
| Furniture and vehicles | 24 | €1,839 | €513 | -€1,325 | -72.1% |
| Other tangible fixed assets | 26 | €2,814 | €2,394 | -€420 | -14.9% |
| Financial fixed assets | 28 | €13,000 | €17,000 | +€4,000 | +30.8% |
| Current assets | 29/58 | €193,057 | €119,829 | -€73,229 | -37.9% |
| Stocks and contracts in progress | 3 | €11,561 | €10,875 | -€686 | -5.9% |
| Stocks | 30/36 | €11,561 | €10,875 | -€686 | -5.9% |
| Amounts receivable within one year | 40/41 | €85,856 | €37,597 | -€48,259 | -56.2% |
| Trade receivables | 40 | €182 | €151 | -€31 | -17.1% |
| Other amounts receivable | 41 | €85,674 | €37,446 | -€48,227 | -56.3% |
| Cash at bank and in hand | 54/58 | €93,825 | €61,857 | -€31,969 | -34.1% |
| Deferred charges and accrued income | 490/1 | €1,815 | €9,500 | +€7,684 | +423% |
| Total equity and liabilities | 10/49 | €224,899 | €149,829 | -€75,070 | -33.4% |
| Equity | 10/15 | €104,817 | €48,938 | -€55,879 | -53.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,270 | €78,966 | -€27,304 | -25.7% |
| Distributable reserves | 133 | €106,270 | €78,966 | -€27,304 | -25.7% |
| Profit (loss) carried forward | 14 | -€7,653 | -€36,228 | -€28,575 | -373% |
| Amounts payable | 17/49 | €120,081 | €100,891 | -€19,190 | -16.0% |
| Amounts payable within one year | 42/48 | €120,081 | €97,891 | -€22,190 | -18.5% |
| Trade debts | 44 | €30,494 | €34,167 | +€3,673 | +12.0% |
| Suppliers | 440/4 | €30,494 | €34,167 | +€3,673 | +12.0% |
| Taxes, remuneration and social security | 45 | €26,661 | €36,420 | +€9,759 | +36.6% |
| Taxes | 450/3 | €15,068 | €16,455 | +€1,387 | +9.2% |
| Remuneration and social security | 454/9 | €11,593 | €19,964 | +€8,372 | +72.2% |
| Other amounts payable | 47/48 | €62,926 | €27,304 | -€35,622 | -56.6% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €160,093 | €188,129 | +€28,036 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,162 | €5,841 | -€321 | -5.2% |
| Other operating charges | 640/8 | €10,624 | €15,259 | +€4,635 | +43.6% |
| Gross operating margin | 9900 | €222,288 | €184,187 | -€38,100 | -17.1% |
| Operating profit (loss) | 9901 | €45,409 | -€25,042 | -€70,451 | |
| Financial income | 75/76B | €18,551 | €3,387 | -€15,165 | -81.7% |
| Recurring financial income | 75 | €4,743 | €3,387 | -€1,356 | -28.6% |
| Non-recurring financial income | 76B | €13,808 | - | -€13,808 | |
| Financial charges | 65/66B | €7,518 | €6,687 | -€831 | -11.0% |
| Recurring financial charges | 65 | €7,518 | €6,687 | -€831 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €56,442 | -€28,342 | -€84,784 | |
| Income taxes | 67/77 | €156 | €233 | +€77 | +49.7% |
| Profit (loss) for the period | 9904 | €56,287 | -€28,575 | -€84,862 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,287 | -€28,575 | -€84,862 |
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 13 October 2026 via checked.be.