QING-TIAN: 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.
QING-TIAN
Largest movements
- Tangible fixed assets +€1.2m
new in 2025: €1.2m
- Cash +€130,841
up €130,841 (+145%), from €89,998 to €220,839
mainly Debts after one year (+€937,700) and Other debts (+€515,031)
- Debts after one year +€937,700
new in 2025: €937,700
- Other debts +€515,031
up €515,031 (+644%), from €80,000 to €595,031
- Profit (loss) carried forward -€195,411
down €195,411 (-9,770,544%), from -€2 to -€195,413
- Current portion of long-term debt +€30,183
new in 2025: €30,183
- Depreciation +€182,375
new in 2025: €182,375
- Financial charges +€22,638
up €22,638 (+1,131,925%), from €2 to €22,640
- Gross operating margin +€14,561
new in 2025: €14,561
- Other operating charges +€4,956
new in 2025: €4,956
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 | €89,998 | €1,377,501 | +€1.3m | +1,431% |
| Fixed assets | 21/28 | - | €1,156,258 | +€1.2m | |
| Tangible fixed assets | 22/27 | - | €1,156,258 | +€1.2m | |
| Land and buildings | 22 | - | €1,156,258 | +€1.2m | |
| Current assets | 29/58 | €89,998 | €221,244 | +€131,246 | +146% |
| Amounts receivable within one year | 40/41 | - | €405 | +€405 | |
| Trade receivables | 40 | - | €405 | +€405 | |
| Cash at bank and in hand | 54/58 | €89,998 | €220,839 | +€130,841 | +145% |
| Total equity and liabilities | 10/49 | €89,998 | €1,377,501 | +€1.3m | +1,431% |
| Equity | 10/15 | €9,998 | -€185,413 | -€195,411 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2 | -€195,413 | -€195,411 | -9,770,544% |
| Amounts payable | 17/49 | €80,000 | €1,562,914 | +€1.5m | +1,854% |
| Amounts payable after more than one year | 17 | - | €937,700 | +€937,700 | |
| Financial debts | 170/4 | - | €937,700 | +€937,700 | |
| Amounts payable within one year | 42/48 | €80,000 | €625,214 | +€545,214 | +682% |
| Current portion of amounts payable after more than one year | 42 | - | €30,183 | +€30,183 | |
| Other amounts payable | 47/48 | €80,000 | €595,031 | +€515,031 | +644% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €182,375 | +€182,375 | |
| Other operating charges | 640/8 | - | €4,956 | +€4,956 | |
| Gross operating margin | 9900 | - | €14,561 | +€14,561 | |
| Operating profit (loss) | 9901 | - | -€172,770 | -€172,770 | |
| Financial charges | 65/66B | €2 | €22,640 | +€22,638 | +1,131,925% |
| Recurring financial charges | 65 | €2 | €22,640 | +€22,638 | +1,131,925% |
| Profit (loss) for the period before taxes | 9903 | -€2 | -€195,411 | -€195,409 | -9,770,444% |
| Profit (loss) for the period | 9904 | -€2 | -€195,411 | -€195,409 | -9,770,444% |
| Profit (loss) for the period to be appropriated | 9905 | -€2 | -€195,411 | -€195,409 | -9,770,444% |
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 17 October 2026 via checked.be.