San Ren Xing: 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.
San Ren Xing
Largest movements
- Receivables within one year -€9,821
down €9,821 (-98.3%), from €9,995 to €174
of which Trade receivables: -€8,364
- Cash +€4,208
up €4,208 (+668%), from €630 to €4,838
mainly Receivables within one year (+€9,821) and Tax, wage and social debts (+€9,483)
- Tangible fixed assets -€2,705
down €2,705 (-18.2%), from €14,833 to €12,128
of which Furniture and vehicles: -€2,109
- Stocks and contracts -€1,800
down €1,800 (-48.8%), from €3,692 to €1,892
- Trade debts -€10,831
down €10,831 (-89.4%), from €12,113 to €1,282
- Tax, wage and social debts +€9,483
new in 2025: €9,483
of which Remuneration and social security: +€6,000
- Other debts -€6,355
down €6,355 (-38.2%), from €16,644 to €10,289
- Profit (loss) carried forward -€3,421
down €3,421 (-39.7%), from -€8,607 to -€12,028
- Accrued charges and deferred income +€1,006
new in 2025: €1,006
- Gross operating margin +€11,948
up €11,948, from -€7,053 to €4,895
- Depreciation +€4,529
up €4,529 (+498%), from €910 to €5,439
- Other operating charges +€1,300
up €1,300 (+204%), from €637 to €1,937
- Financial charges +€967
up €967 (+13,814%), from €7 to €974
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 | €29,150 | €19,032 | -€10,118 | -34.7% |
| Fixed assets | 21/28 | €14,833 | €12,128 | -€2,705 | -18.2% |
| Tangible fixed assets | 22/27 | €14,833 | €12,128 | -€2,705 | -18.2% |
| Plant, machinery and equipment | 23 | €3,858 | €3,262 | -€596 | -15.4% |
| Furniture and vehicles | 24 | €10,975 | €8,866 | -€2,109 | -19.2% |
| Current assets | 29/58 | €14,317 | €6,904 | -€7,413 | -51.8% |
| Stocks and contracts in progress | 3 | €3,692 | €1,892 | -€1,800 | -48.8% |
| Stocks | 30/36 | €3,692 | €1,892 | -€1,800 | -48.8% |
| Amounts receivable within one year | 40/41 | €9,995 | €174 | -€9,821 | -98.3% |
| Trade receivables | 40 | €8,383 | €19 | -€8,364 | -99.8% |
| Other amounts receivable | 41 | €1,612 | €155 | -€1,457 | -90.4% |
| Cash at bank and in hand | 54/58 | €630 | €4,838 | +€4,208 | +668% |
| Total equity and liabilities | 10/49 | €29,150 | €19,032 | -€10,118 | -34.7% |
| Equity | 10/15 | €393 | -€3,028 | -€3,421 | |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Contributions outside capital | 11 | €9,000 | €9,000 | = | 0.0% |
| Other | 1109/19 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,607 | -€12,028 | -€3,421 | -39.7% |
| Amounts payable | 17/49 | €28,757 | €22,060 | -€6,697 | -23.3% |
| Amounts payable within one year | 42/48 | €28,757 | €21,054 | -€7,703 | -26.8% |
| Trade debts | 44 | €12,113 | €1,282 | -€10,831 | -89.4% |
| Suppliers | 440/4 | €12,113 | €1,282 | -€10,831 | -89.4% |
| Taxes, remuneration and social security | 45 | - | €9,483 | +€9,483 | |
| Taxes | 450/3 | - | €3,483 | +€3,483 | |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €16,644 | €10,289 | -€6,355 | -38.2% |
| Accrued charges and deferred income | 492/3 | - | €1,006 | +€1,006 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €910 | €5,439 | +€4,529 | +498% |
| Other operating charges | 640/8 | €637 | €1,937 | +€1,300 | +204% |
| Gross operating margin | 9900 | -€7,053 | €4,895 | +€11,948 | |
| Operating profit (loss) | 9901 | -€8,600 | -€2,481 | +€6,119 | +71.2% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €7 | €974 | +€967 | +13,814% |
| Recurring financial charges | 65 | €7 | €974 | +€967 | +13,814% |
| Profit (loss) for the period before taxes | 9903 | -€8,607 | -€3,421 | +€5,186 | +60.3% |
| Profit (loss) for the period | 9904 | -€8,607 | -€3,421 | +€5,186 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,607 | -€3,421 | +€5,186 | +60.3% |
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 30 October 2026 via checked.be.