JIA SHENG: 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 SHENG
Largest movements
- Cash +€8,888
up €8,888 (+157%), from €5,678 to €14,565
mainly Net result for the year (+€8,017) and Depreciation (+€5,665)
- Stocks and contracts +€1,138
up €1,138 (+86.7%), from €1,313 to €2,451
- Tangible fixed assets +€966
up €966 (+8.6%), from €11,238 to €12,205
of which Plant, machinery and equipment: +€4,459
- Profit (loss) carried forward +€4,229
no longer reported in 2025 (was -€4,229)
- Reserves +€3,788
up €3,788 (+55.2%), from €6,860 to €10,648
of which Distributable reserves: +€3,788
- Trade debts +€1,787
up €1,787 (+21.7%), from €8,244 to €10,031
- Other debts +€1,158
up €1,158 (+274%), from €423 to €1,581
- Gross operating margin +€5,466
up €5,466 (+62.6%), from €8,733 to €14,199
- Depreciation +€1,326
up €1,326 (+30.6%), from €4,339 to €5,665
- Taxes +€458
up €458 (+772%), from €59 to €517
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 | €30,829 | €42,099 | +€11,270 | +36.6% |
| Fixed assets | 21/28 | €23,838 | €24,805 | +€966 | +4.1% |
| Tangible fixed assets | 22/27 | €11,238 | €12,205 | +€966 | +8.6% |
| Plant, machinery and equipment | 23 | €3,033 | €7,493 | +€4,459 | +147% |
| Other tangible fixed assets | 26 | €8,205 | €4,712 | -€3,493 | -42.6% |
| Financial fixed assets | 28 | €12,600 | €12,600 | = | 0.0% |
| Current assets | 29/58 | €6,991 | €17,294 | +€10,303 | +147% |
| Stocks and contracts in progress | 3 | €1,313 | €2,451 | +€1,138 | +86.7% |
| Stocks | 30/36 | €1,313 | €2,451 | +€1,138 | +86.7% |
| Amounts receivable within one year | 40/41 | - | €278 | +€278 | |
| Other amounts receivable | 41 | - | €278 | +€278 | |
| Cash at bank and in hand | 54/58 | €5,678 | €14,565 | +€8,888 | +157% |
| Total equity and liabilities | 10/49 | €30,829 | €42,099 | +€11,270 | +36.6% |
| Equity | 10/15 | €21,231 | €29,248 | +€8,017 | +37.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €10,648 | +€3,788 | +55.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €8,788 | +€3,788 | +75.8% |
| Profit (loss) carried forward | 14 | -€4,229 | - | +€4,229 | |
| Amounts payable | 17/49 | €9,599 | €12,851 | +€3,253 | +33.9% |
| Amounts payable within one year | 42/48 | €9,599 | €12,851 | +€3,253 | +33.9% |
| Trade debts | 44 | €8,244 | €10,031 | +€1,787 | +21.7% |
| Suppliers | 440/4 | €8,244 | €10,031 | +€1,787 | +21.7% |
| Taxes, remuneration and social security | 45 | €932 | €1,240 | +€308 | +33.0% |
| Taxes | 450/3 | €932 | €1,240 | +€308 | +33.0% |
| Other amounts payable | 47/48 | €423 | €1,581 | +€1,158 | +274% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,339 | €5,665 | +€1,326 | +30.6% |
| Gross operating margin | 9900 | €8,733 | €14,199 | +€5,466 | +62.6% |
| Operating profit (loss) | 9901 | €4,394 | €8,534 | +€4,140 | +94.2% |
| Profit (loss) for the period before taxes | 9903 | €4,394 | €8,534 | +€4,140 | +94.2% |
| Income taxes | 67/77 | €59 | €517 | +€458 | +772% |
| Profit (loss) for the period | 9904 | €4,335 | €8,017 | +€3,682 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,335 | €8,017 | +€3,682 | +84.9% |
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 29 October 2026 via checked.be.