Jiang She: 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.
Jiang She
Largest movements
- Cash +€68,805
up €68,805 (+117%), from €59,023 to €127,828
mainly Debts after one year (+€121,815) and Depreciation (+€9,950)
- Tangible fixed assets -€9,950
down €9,950 (-63.6%), from €15,653 to €5,703
- Receivables within one year +€4,110
up €4,110 (+3.7%), from €111,857 to €115,967
of which Other amounts receivable: +€20,518
- Debts after one year +€121,815
up €121,815 (+988%), from €12,325 to €134,140
- Reserves -€55,729
down €55,729 (-36.5%), from €152,553 to €96,824
- Tax, wage and social debts -€4,103
down €4,103 (-72.5%), from €5,657 to €1,554
- Gross operating margin -€77,135
down €77,135, from €21,699 to -€55,436
- Write-downs -€18,733
down €18,733, from €9,366 to -€9,366
- Other operating charges -€4,225
down €4,225 (-66.3%), from €6,372 to €2,146
- Taxes -€4,036
down €4,036 (-72.2%), from €5,590 to €1,554
- Financial charges -€2,841
down €2,841 (-65.3%), from €4,350 to €1,509
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 | €191,588 | €253,722 | +€62,134 | +32.4% |
| Fixed assets | 21/28 | €15,653 | €5,703 | -€9,950 | -63.6% |
| Tangible fixed assets | 22/27 | €15,653 | €5,703 | -€9,950 | -63.6% |
| Furniture and vehicles | 24 | €15,653 | €5,703 | -€9,950 | -63.6% |
| Current assets | 29/58 | €175,935 | €248,019 | +€72,084 | +41.0% |
| Amounts receivable within one year | 40/41 | €111,857 | €115,967 | +€4,110 | +3.7% |
| Trade receivables | 40 | €17,774 | €1,366 | -€16,408 | -92.3% |
| Other amounts receivable | 41 | €94,083 | €114,601 | +€20,518 | +21.8% |
| Cash at bank and in hand | 54/58 | €59,023 | €127,828 | +€68,805 | +117% |
| Deferred charges and accrued income | 490/1 | €5,055 | €4,224 | -€831 | -16.4% |
| Total equity and liabilities | 10/49 | €191,588 | €253,722 | +€62,134 | +32.4% |
| Equity | 10/15 | €164,953 | €109,224 | -€55,729 | -33.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €152,553 | €96,824 | -€55,729 | -36.5% |
| Distributable reserves | 133 | €152,553 | €96,824 | -€55,729 | -36.5% |
| Amounts payable | 17/49 | €26,635 | €144,497 | +€117,862 | +443% |
| Amounts payable after more than one year | 17 | €12,325 | €134,140 | +€121,815 | +988% |
| Financial debts | 170/4 | €12,325 | €134,140 | +€121,815 | +988% |
| Amounts payable within one year | 42/48 | €13,717 | €10,357 | -€3,360 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €8,060 | €8,185 | +€125 | +1.6% |
| Trade debts | 44 | - | €618 | +€618 | |
| Suppliers | 440/4 | - | €618 | +€618 | |
| Taxes, remuneration and social security | 45 | €5,657 | €1,554 | -€4,103 | -72.5% |
| Taxes | 450/3 | €5,657 | €1,554 | -€4,103 | -72.5% |
| Accrued charges and deferred income | 492/3 | €593 | - | -€593 | |
| Remuneration, social security and pensions | 62 | €545 | €55 | -€490 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,578 | €9,950 | +€1,372 | +16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,366 | -€9,366 | -€18,733 | |
| Other operating charges | 640/8 | €6,372 | €2,146 | -€4,225 | -66.3% |
| Gross operating margin | 9900 | €21,699 | -€55,436 | -€77,135 | |
| Operating profit (loss) | 9901 | -€3,163 | -€58,221 | -€55,058 | -1,741% |
| Financial income | 75/76B | €5,422 | €5,555 | +€133 | +2.5% |
| Recurring financial income | 75 | €5,422 | €5,555 | +€133 | +2.5% |
| Financial charges | 65/66B | €4,350 | €1,509 | -€2,841 | -65.3% |
| Recurring financial charges | 65 | €4,350 | €1,509 | -€2,841 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,090 | -€54,174 | -€52,084 | -2,492% |
| Transfer from deferred taxes | 780 | €1,633 | - | -€1,633 | |
| Income taxes | 67/77 | €5,590 | €1,554 | -€4,036 | -72.2% |
| Profit (loss) for the period | 9904 | -€6,047 | -€55,729 | -€49,681 | -822% |
| Transfer from tax-exempt reserves | 789 | €7,599 | - | -€7,599 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,551 | -€55,729 | -€57,280 |
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 17 October 2026 via checked.be.