La Chine Royale: what changed
La Chine Royale
Largest movements
- Tangible fixed assets -€14,177
down €14,177 (-14.4%), from €98,159 to €83,983
of which Furniture and vehicles: -€7,638
- Cash +€5,470
up €5,470 (+14.0%), from €39,054 to €44,524
mainly Depreciation (+€25,080) and Net result for the year (+€13,678)
- Deferred charges and accrued income +€3,643
up €3,643 (+354%), from €1,028 to €4,671
- Receivables within one year -€3,471
down €3,471 (-39.6%), from €8,775 to €5,304
of which Trade receivables: -€2,365
- Stocks and contracts +€2,101
up €2,101 (+300%), from €700 to €2,801
- Profit (loss) carried forward +€13,678
up €13,678 (+23.0%), from €59,422 to €73,099
- Debts after one year -€12,026
down €12,026 (-45.1%), from €26,688 to €14,661
- Trade debts -€5,105
down €5,105 (-72.7%), from €7,019 to €1,913
- Other debts -€5,049
down €5,049 (-43.3%), from €11,661 to €6,612
- Tax, wage and social debts +€2,071
up €2,071 (+18.8%), from €11,014 to €13,085
of which Taxes: +€4,765
- Staff costs -€7,639
down €7,639 (-19.5%), from €39,263 to €31,624
- Depreciation +€3,240
up €3,240 (+14.8%), from €21,840 to €25,080
- Gross operating margin +€1,875
up €1,875 (+2.4%), from €76,917 to €78,791
- Taxes +€1,188
up €1,188 (+29.9%), from €3,979 to €5,167
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,867 | €142,433 | -€6,434 | -4.3% |
| Fixed assets | 21/28 | €99,309 | €85,133 | -€14,177 | -14.3% |
| Tangible fixed assets | 22/27 | €98,159 | €83,983 | -€14,177 | -14.4% |
| Plant, machinery and equipment | 23 | €53,785 | €47,246 | -€6,539 | -12.2% |
| Furniture and vehicles | 24 | €44,374 | €36,737 | -€7,638 | -17.2% |
| Financial fixed assets | 28 | €1,150 | €1,150 | = | 0.0% |
| Current assets | 29/58 | €49,558 | €57,300 | +€7,743 | +15.6% |
| Stocks and contracts in progress | 3 | €700 | €2,801 | +€2,101 | +300% |
| Stocks | 30/36 | €700 | €2,801 | +€2,101 | +300% |
| Amounts receivable within one year | 40/41 | €8,775 | €5,304 | -€3,471 | -39.6% |
| Trade receivables | 40 | €3,713 | €1,348 | -€2,365 | -63.7% |
| Other amounts receivable | 41 | €5,062 | €3,956 | -€1,106 | -21.8% |
| Cash at bank and in hand | 54/58 | €39,054 | €44,524 | +€5,470 | +14.0% |
| Deferred charges and accrued income | 490/1 | €1,028 | €4,671 | +€3,643 | +354% |
| Total equity and liabilities | 10/49 | €148,867 | €142,433 | -€6,434 | -4.3% |
| Equity | 10/15 | €79,882 | €93,559 | +€13,678 | +17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,422 | €73,099 | +€13,678 | +23.0% |
| Amounts payable | 17/49 | €68,985 | €48,873 | -€20,112 | -29.2% |
| Amounts payable after more than one year | 17 | €26,688 | €14,661 | -€12,026 | -45.1% |
| Financial debts | 170/4 | €26,688 | €14,661 | -€12,026 | -45.1% |
| Amounts payable within one year | 42/48 | €42,298 | €33,637 | -€8,661 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €12,604 | €12,026 | -€577 | -4.6% |
| Trade debts | 44 | €7,019 | €1,913 | -€5,105 | -72.7% |
| Suppliers | 440/4 | €7,019 | €1,913 | -€5,105 | -72.7% |
| Taxes, remuneration and social security | 45 | €11,014 | €13,085 | +€2,071 | +18.8% |
| Taxes | 450/3 | €235 | €5,000 | +€4,765 | +2,031% |
| Remuneration and social security | 454/9 | €10,780 | €8,085 | -€2,694 | -25.0% |
| Other amounts payable | 47/48 | €11,661 | €6,612 | -€5,049 | -43.3% |
| Accrued charges and deferred income | 492/3 | - | €575 | +€575 | |
| Remuneration, social security and pensions | 62 | €39,263 | €31,624 | -€7,639 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,840 | €25,080 | +€3,240 | +14.8% |
| Other operating charges | 640/8 | €573 | €1,157 | +€583 | +102% |
| Gross operating margin | 9900 | €76,917 | €78,791 | +€1,875 | +2.4% |
| Operating profit (loss) | 9901 | €15,240 | €20,931 | +€5,691 | +37.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,940 | €2,086 | +€145 | +7.5% |
| Recurring financial charges | 65 | €1,940 | €2,086 | +€145 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €13,300 | €18,845 | +€5,545 | +41.7% |
| Income taxes | 67/77 | €3,979 | €5,167 | +€1,188 | +29.9% |
| Profit (loss) for the period | 9904 | €9,321 | €13,678 | +€4,357 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,321 | €13,678 | +€4,357 | +46.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.