QIANG WEI: 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.
QIANG WEI
Largest movements
- Receivables within one year +€14,062
up €14,062 (+217%), from €6,495 to €20,557
of which Trade receivables: +€12,815
- Intangible fixed assets -€9,278
down €9,278 (-14.8%), from €62,486 to €53,209
- Tangible fixed assets +€7,776
up €7,776 (+30.5%), from €25,492 to €33,268
of which Land and buildings: +€8,550
- Cash -€3,674
down €3,674 (-20.0%), from €18,382 to €14,708
mainly Investment in fixed assets (net) (-€15,691) and Debts after one year (-€15,190)
- Profit (loss) carried forward +€17,143
up €17,143 (+41.8%), from €41,005 to €58,149
- Debts after one year -€15,190
no longer reported in 2025 (was €15,190)
- Trade debts +€13,630
up €13,630 (+171%), from €7,960 to €21,590
- Tax, wage and social debts -€2,803
down €2,803 (-20.0%), from €14,023 to €11,220
of which Taxes: -€3,020
- Current portion of long-term debt -€2,704
down €2,704 (-15.1%), from €17,894 to €15,190
- Gross operating margin -€46,686
down €46,686 (-54.1%), from €86,339 to €39,653
- Taxes -€6,339
down €6,339 (-59.7%), from €10,625 to €4,286
- Depreciation +€5,171
up €5,171 (+43.0%), from €12,022 to €17,193
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 | €119,582 | €128,893 | +€9,312 | +7.8% |
| Fixed assets | 21/28 | €92,678 | €91,177 | -€1,502 | -1.6% |
| Intangible fixed assets | 21 | €62,486 | €53,209 | -€9,278 | -14.8% |
| Tangible fixed assets | 22/27 | €25,492 | €33,268 | +€7,776 | +30.5% |
| Land and buildings | 22 | - | €8,550 | +€8,550 | |
| Plant, machinery and equipment | 23 | €25,492 | €24,718 | -€774 | -3.0% |
| Financial fixed assets | 28 | €4,700 | €4,700 | = | 0.0% |
| Current assets | 29/58 | €26,903 | €37,717 | +€10,813 | +40.2% |
| Stocks and contracts in progress | 3 | €1,252 | €1,433 | +€181 | +14.5% |
| Stocks | 30/36 | €1,252 | €1,433 | +€181 | +14.5% |
| Amounts receivable within one year | 40/41 | €6,495 | €20,557 | +€14,062 | +217% |
| Trade receivables | 40 | €6,082 | €18,897 | +€12,815 | +211% |
| Other amounts receivable | 41 | €413 | €1,660 | +€1,247 | +302% |
| Cash at bank and in hand | 54/58 | €18,382 | €14,708 | -€3,674 | -20.0% |
| Deferred charges and accrued income | 490/1 | €775 | €1,019 | +€244 | +31.4% |
| Total equity and liabilities | 10/49 | €119,582 | €128,893 | +€9,312 | +7.8% |
| Equity | 10/15 | €51,005 | €68,149 | +€17,143 | +33.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,005 | €58,149 | +€17,143 | +41.8% |
| Amounts payable | 17/49 | €68,576 | €60,745 | -€7,832 | -11.4% |
| Amounts payable after more than one year | 17 | €15,190 | - | -€15,190 | |
| Financial debts | 170/4 | €15,190 | - | -€15,190 | |
| Amounts payable within one year | 42/48 | €53,387 | €60,745 | +€7,358 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €17,894 | €15,190 | -€2,704 | -15.1% |
| Trade debts | 44 | €7,960 | €21,590 | +€13,630 | +171% |
| Suppliers | 440/4 | €7,960 | €21,590 | +€13,630 | +171% |
| Taxes, remuneration and social security | 45 | €14,023 | €11,220 | -€2,803 | -20.0% |
| Taxes | 450/3 | €10,732 | €7,712 | -€3,020 | -28.1% |
| Remuneration and social security | 454/9 | €3,291 | €3,508 | +€217 | +6.6% |
| Other amounts payable | 47/48 | €13,510 | €12,745 | -€765 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,022 | €17,193 | +€5,171 | +43.0% |
| Other operating charges | 640/8 | €118 | - | -€118 | |
| Gross operating margin | 9900 | €86,339 | €39,653 | -€46,686 | -54.1% |
| Operating profit (loss) | 9901 | €74,199 | €22,460 | -€51,739 | -69.7% |
| Financial income | 75/76B | €131 | - | -€131 | |
| Recurring financial income | 75 | €131 | - | -€131 | |
| Financial charges | 65/66B | €1,276 | €1,030 | -€246 | -19.2% |
| Recurring financial charges | 65 | €1,276 | €1,030 | -€246 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €73,054 | €21,430 | -€51,624 | -70.7% |
| Income taxes | 67/77 | €10,625 | €4,286 | -€6,339 | -59.7% |
| Profit (loss) for the period | 9904 | €62,429 | €17,143 | -€45,286 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,429 | €17,143 | -€45,286 | -72.5% |
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 22 October 2026 via checked.be.