JIN YANG: what changed
Two fiscal 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.
JIN YANG
Largest movements
- Tangible fixed assets +€89,616
up €89,616 (+208.1%), from €43,062 to €132,678
of which Other tangible fixed assets: +€64,050
- Cash -€34,875
down €34,875 (-45.0%), from €77,445 to €42,570
mainly Investment in fixed assets (net) (-€110,863) and Deferred charges and accrued income (-€1,606)
- Debts after one year +€16,354
new in 2024: €16,354
- Other debts +€14,575
up €14,575 (+169.7%), from €8,586 to €23,161
- Tax, wage and social debts +€9,432
up €9,432 (+75.3%), from €12,525 to €21,957
of which Remuneration and social security: +€7,133
- Current portion of long-term debt +€7,279
new in 2024: €7,279
- Profit (loss) carried forward +€4,309
up €4,309 (+5.3%), from €82,055 to €86,364
- Turnover +€44,167
up €44,167 (+9.8%), from €451,885 to €496,052
- Gross operating margin +€32,604
up €32,604 (+49.3%), from €66,090 to €98,694
- Purchases and services +€11,563
up €11,563 (+3.0%), from €385,795 to €397,358
- Staff costs +€10,838
up €10,838 (+19.5%), from €55,576 to €66,414
- Depreciation +€8,315
up €8,315 (+64.3%), from €12,932 to €21,247
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,213 | €189,429 | +€55,216 | +41.1% |
| Fixed assets | 21/28 | €51,062 | €140,678 | +€89,616 | +175.5% |
| Tangible fixed assets | 22/27 | €43,062 | €132,678 | +€89,616 | +208.1% |
| Plant, machinery and equipment | 23 | €25,909 | €22,721 | -€3,188 | -12.3% |
| Furniture and vehicles | 24 | €1,506 | €30,260 | +€28,754 | +1909.3% |
| Other tangible fixed assets | 26 | €15,647 | €79,697 | +€64,050 | +409.3% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €83,151 | €48,751 | -€34,400 | -41.4% |
| Stocks and contracts in progress | 3 | €4,037 | €2,280 | -€1,757 | -43.5% |
| Stocks | 30/36 | €4,037 | €2,280 | -€1,757 | -43.5% |
| Amounts receivable within one year | 40/41 | €1,669 | €2,295 | +€626 | +37.5% |
| Trade receivables | 40 | €153 | €53 | -€100 | -65.1% |
| Other amounts receivable | 41 | €1,516 | €2,242 | +€726 | +47.9% |
| Cash at bank and in hand | 54/58 | €77,445 | €42,570 | -€34,875 | -45.0% |
| Deferred charges and accrued income | 490/1 | - | €1,606 | +€1,606 | |
| Total equity and liabilities | 10/49 | €134,213 | €189,429 | +€55,216 | +41.1% |
| Equity | 10/15 | €102,460 | €106,769 | +€4,309 | +4.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,055 | €86,364 | +€4,309 | +5.3% |
| Amounts payable | 17/49 | €31,753 | €82,660 | +€50,907 | +160.3% |
| Amounts payable after more than one year | 17 | - | €16,354 | +€16,354 | |
| Financial debts | 170/4 | - | €16,354 | +€16,354 | |
| Amounts payable within one year | 42/48 | €31,753 | €66,306 | +€34,553 | +108.8% |
| Current portion of amounts payable after more than one year | 42 | - | €7,279 | +€7,279 | |
| Trade debts | 44 | €10,642 | €13,909 | +€3,267 | +30.7% |
| Suppliers | 440/4 | €10,642 | €13,909 | +€3,267 | +30.7% |
| Taxes, remuneration and social security | 45 | €12,525 | €21,957 | +€9,432 | +75.3% |
| Taxes | 450/3 | €2,703 | €5,002 | +€2,299 | +85.1% |
| Remuneration and social security | 454/9 | €9,822 | €16,955 | +€7,133 | +72.6% |
| Other amounts payable | 47/48 | €8,586 | €23,161 | +€14,575 | +169.7% |
| Turnover | 70 | €451,885 | €496,052 | +€44,167 | +9.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €385,795 | €397,358 | +€11,563 | +3.0% |
| Remuneration, social security and pensions | 62 | €55,576 | €66,414 | +€10,838 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,932 | €21,247 | +€8,315 | +64.3% |
| Other operating charges | 640/8 | €2,119 | €1,010 | -€1,109 | -52.3% |
| Gross operating margin | 9900 | €66,090 | €98,694 | +€32,604 | +49.3% |
| Operating profit (loss) | 9901 | -€4,537 | €10,022 | +€14,559 | |
| Financial charges | 65/66B | €1,207 | €3,004 | +€1,797 | +148.9% |
| Recurring financial charges | 65 | €1,207 | €3,004 | +€1,797 | +148.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,744 | €7,018 | +€12,762 | |
| Income taxes | 67/77 | - | €2,709 | +€2,709 | |
| Profit (loss) for the period | 9904 | -€5,744 | €4,309 | +€10,053 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,744 | €4,309 | +€10,053 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.