LA CHINE: 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.
LA CHINE
Largest movements
- Cash +€23,775
up €23,775 (+193.0%), from €12,322 to €36,097
mainly Net result for the year (+€17,522) and Tax, wage and social debts (+€14,228)
- Tangible fixed assets +€17,974
up €17,974 (+13.9%), from €129,702 to €147,676
of which Plant, machinery and equipment: +€127,429
- Receivables within one year -€4,885
down €4,885 (-68.6%), from €7,123 to €2,239
- Stocks and contracts +€3,030
up €3,030 (+137.6%), from €2,201 to €5,231
- Reserves +€17,522
new in 2025: €17,522
- Tax, wage and social debts +€14,228
up €14,228 (+707.9%), from €2,010 to €16,238
of which Remuneration and social security: +€8,964
- Debts after one year +€4,516
up €4,516 (+3.8%), from €120,101 to €124,617
of which Other amounts payable: +€10,000
- Trade debts +€3,740
up €3,740 (+1021.0%), from €366 to €4,107
- Gross operating margin +€28,256
up €28,256 (+110.6%), from €25,545 to €53,801
- Staff costs +€7,233
up €7,233 (+51.1%), from €14,152 to €21,385
- Depreciation +€2,860
up €2,860 (+37.2%), from €7,693 to €10,553
- Taxes +€1,820
up €1,820 (+1273.6%), from €143 to €1,963
- Other operating charges -€668
down €668 (-38.5%), from €1,734 to €1,066
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 | €153,553 | €193,385 | +€39,833 | +25.9% |
| Fixed assets | 21/28 | €129,702 | €148,348 | +€18,646 | +14.4% |
| Intangible fixed assets | 21 | - | €672 | +€672 | |
| Tangible fixed assets | 22/27 | €129,702 | €147,676 | +€17,974 | +13.9% |
| Plant, machinery and equipment | 23 | €424 | €127,852 | +€127,429 | +30087.3% |
| Furniture and vehicles | 24 | €18,676 | €19,824 | +€1,149 | +6.2% |
| Assets under construction and advance payments | 27 | €110,603 | - | -€110,603 | |
| Current assets | 29/58 | €23,850 | €45,037 | +€21,187 | +88.8% |
| Stocks and contracts in progress | 3 | €2,201 | €5,231 | +€3,030 | +137.6% |
| Stocks | 30/36 | €2,201 | €5,231 | +€3,030 | +137.6% |
| Amounts receivable within one year | 40/41 | €7,123 | €2,239 | -€4,885 | -68.6% |
| Other amounts receivable | 41 | €7,123 | €2,239 | -€4,885 | -68.6% |
| Cash at bank and in hand | 54/58 | €12,322 | €36,097 | +€23,775 | +193.0% |
| Deferred charges and accrued income | 490/1 | €2,204 | €1,470 | -€734 | -33.3% |
| Total equity and liabilities | 10/49 | €153,553 | €193,385 | +€39,833 | +25.9% |
| Equity | 10/15 | €18,574 | €34,430 | +€15,856 | +85.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €17,522 | +€17,522 | |
| Distributable reserves | 133 | - | €17,522 | +€17,522 | |
| Profit (loss) carried forward | 14 | €12,374 | €10,708 | -€1,666 | -13.5% |
| Amounts payable | 17/49 | €134,978 | €158,955 | +€23,977 | +17.8% |
| Amounts payable after more than one year | 17 | €120,101 | €124,617 | +€4,516 | +3.8% |
| Financial debts | 170/4 | €10,101 | €4,617 | -€5,484 | -54.3% |
| Other amounts payable | 178/9 | €110,000 | €120,000 | +€10,000 | +9.1% |
| Amounts payable within one year | 42/48 | €14,757 | €32,988 | +€18,231 | +123.5% |
| Current portion of amounts payable after more than one year | 42 | €6,264 | €5,975 | -€289 | -4.6% |
| Trade debts | 44 | €366 | €4,107 | +€3,740 | +1021.0% |
| Suppliers | 440/4 | €366 | €4,107 | +€3,740 | +1021.0% |
| Taxes, remuneration and social security | 45 | €2,010 | €16,238 | +€14,228 | +707.9% |
| Taxes | 450/3 | €2,010 | €7,275 | +€5,265 | +261.9% |
| Remuneration and social security | 454/9 | - | €8,964 | +€8,964 | |
| Other amounts payable | 47/48 | €6,117 | €6,668 | +€552 | +9.0% |
| Accrued charges and deferred income | 492/3 | €120 | €1,350 | +€1,230 | +1021.3% |
| Remuneration, social security and pensions | 62 | €14,152 | €21,385 | +€7,233 | +51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,693 | €10,553 | +€2,860 | +37.2% |
| Other operating charges | 640/8 | €1,734 | €1,066 | -€668 | -38.5% |
| Gross operating margin | 9900 | €25,545 | €53,801 | +€28,256 | +110.6% |
| Operating profit (loss) | 9901 | €1,967 | €20,797 | +€18,830 | +957.5% |
| Financial income | 75/76B | €0 | €18 | +€18 | +44925.0% |
| Recurring financial income | 75 | €0 | €18 | +€18 | +44925.0% |
| Financial charges | 65/66B | €1,320 | €1,329 | +€9 | +0.7% |
| Recurring financial charges | 65 | €1,320 | €1,329 | +€9 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €646 | €19,486 | +€18,839 | +2915.6% |
| Income taxes | 67/77 | €143 | €1,963 | +€1,820 | +1273.6% |
| Profit (loss) for the period | 9904 | €503 | €17,522 | +€17,019 | +3382.0% |
| Profit (loss) for the period to be appropriated | 9905 | €503 | €17,522 | +€17,019 | +3382.0% |
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 9 October 2026 via checked.be.