JINWANG: 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.
JINWANG
Largest movements
- Cash +€35,180
up €35,180 (+30.9%), from €113,995 to €149,175
mainly Net result for the year (+€41,877) and Depreciation (+€4,527)
- Receivables within one year +€14,394
up €14,394 (+8.4%), from €171,594 to €185,988
- Tangible fixed assets -€4,617
down €4,617 (-25.7%), from €17,956 to €13,339
of which Furniture and vehicles: -€3,504
- Reserves +€41,877
up €41,877 (+16.0%), from €262,416 to €304,293
- Gross operating margin -€25,925
down €25,925 (-30.9%), from €84,012 to €58,087
- Financial income +€9,615
up €9,615 (+22350.0%), from €43 to €9,658
- Taxes -€5,413
down €5,413 (-25.3%), from €21,426 to €16,013
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.
Cash bridge derived
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 | €315,398 | €356,492 | +€41,094 | +13.0% |
| Fixed assets | 21/28 | €23,056 | €18,439 | -€4,617 | -20.0% |
| Tangible fixed assets | 22/27 | €17,956 | €13,339 | -€4,617 | -25.7% |
| Land and buildings | 22 | €8,908 | €8,172 | -€736 | -8.3% |
| Plant, machinery and equipment | 23 | €2,487 | €2,110 | -€376 | -15.1% |
| Furniture and vehicles | 24 | €6,561 | €3,057 | -€3,504 | -53.4% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €292,342 | €338,053 | +€45,711 | +15.6% |
| Stocks and contracts in progress | 3 | €5,250 | €2,890 | -€2,360 | -45.0% |
| Stocks | 30/36 | €5,250 | €2,890 | -€2,360 | -45.0% |
| Amounts receivable within one year | 40/41 | €171,594 | €185,988 | +€14,394 | +8.4% |
| Other amounts receivable | 41 | €171,594 | €185,988 | +€14,394 | +8.4% |
| Cash at bank and in hand | 54/58 | €113,995 | €149,175 | +€35,180 | +30.9% |
| Deferred charges and accrued income | 490/1 | €1,503 | €0 | -€1,503 | -100.0% |
| Total equity and liabilities | 10/49 | €315,398 | €356,492 | +€41,094 | +13.0% |
| Equity | 10/15 | €274,816 | €316,693 | +€41,877 | +15.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €262,416 | €304,293 | +€41,877 | +16.0% |
| Distributable reserves | 133 | €262,416 | €304,293 | +€41,877 | +16.0% |
| Amounts payable | 17/49 | €40,581 | €39,798 | -€783 | -1.9% |
| Amounts payable within one year | 42/48 | €40,345 | €39,798 | -€546 | -1.4% |
| Trade debts | 44 | €2,637 | €1,062 | -€1,575 | -59.7% |
| Suppliers | 440/4 | €2,637 | €1,062 | -€1,575 | -59.7% |
| Taxes, remuneration and social security | 45 | €37,707 | €38,736 | +€1,029 | +2.7% |
| Taxes | 450/3 | €37,707 | €38,736 | +€1,029 | +2.7% |
| Accrued charges and deferred income | 492/3 | €237 | - | -€237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,858 | €4,527 | -€331 | -6.8% |
| Other operating charges | 640/8 | €2,793 | €3,452 | +€659 | +23.6% |
| Gross operating margin | 9900 | €84,012 | €58,087 | -€25,925 | -30.9% |
| Operating profit (loss) | 9901 | €76,361 | €50,108 | -€26,253 | -34.4% |
| Financial income | 75/76B | €43 | €9,658 | +€9,615 | +22350.0% |
| Recurring financial income | 75 | €43 | €9,658 | +€9,615 | +22350.0% |
| Financial charges | 65/66B | €2,007 | €1,876 | -€131 | -6.5% |
| Recurring financial charges | 65 | €2,007 | €1,876 | -€131 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €74,397 | €57,890 | -€16,507 | -22.2% |
| Income taxes | 67/77 | €21,426 | €16,013 | -€5,413 | -25.3% |
| Profit (loss) for the period | 9904 | €52,971 | €41,877 | -€11,094 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,971 | €41,877 | -€11,094 | -20.9% |
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 12 October 2026 via checked.be.