WANG-JIN: 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.
WANG-JIN
Largest movements
- Tangible fixed assets +€91,439
up €91,439 (+199.3%), from €45,890 to €137,329
of which Leasing and similar rights: +€72,332
- Cash +€54,667
up €54,667 (+11.7%), from €467,441 to €522,108
mainly Net result for the year (+€81,775) and Debts after one year (+€44,191)
- Reserves +€81,775
up €81,775 (+19.9%), from €410,544 to €492,319
- Debts after one year +€44,191
up €44,191 (+1279.0%), from €3,455 to €47,646
- Trade debts +€12,026
up €12,026 (+58.8%), from €20,456 to €32,482
- Other debts +€10,587
up €10,587 (+184.7%), from €5,732 to €16,319
- Current portion of long-term debt +€7,700
up €7,700 (+112.5%), from €6,845 to €14,545
- Gross operating margin -€21,438
down €21,438 (-7.0%), from €306,249 to €284,811
- Staff costs -€12,690
down €12,690 (-8.1%), from €155,972 to €143,281
- Taxes -€8,433
down €8,433 (-21.8%), from €38,741 to €30,308
- Depreciation +€5,578
up €5,578 (+35.2%), from €15,868 to €21,446
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 | €539,601 | €691,731 | +€152,130 | +28.2% |
| Fixed assets | 21/28 | €45,890 | €137,329 | +€91,439 | +199.3% |
| Tangible fixed assets | 22/27 | €45,890 | €137,329 | +€91,439 | +199.3% |
| Plant, machinery and equipment | 23 | €26,672 | €46,349 | +€19,678 | +73.8% |
| Furniture and vehicles | 24 | €990 | €419 | -€571 | -57.7% |
| Leasing and similar rights | 25 | €18,229 | €90,561 | +€72,332 | +396.8% |
| Current assets | 29/58 | €493,711 | €554,402 | +€60,691 | +12.3% |
| Stocks and contracts in progress | 3 | €4,342 | €4,345 | +€3 | +0.1% |
| Stocks | 30/36 | €4,342 | €4,345 | +€3 | +0.1% |
| Amounts receivable within one year | 40/41 | €20,105 | €20,571 | +€466 | +2.3% |
| Trade receivables | 40 | €20,105 | €15,879 | -€4,226 | -21.0% |
| Other amounts receivable | 41 | - | €4,692 | +€4,692 | |
| Cash at bank and in hand | 54/58 | €467,441 | €522,108 | +€54,667 | +11.7% |
| Deferred charges and accrued income | 490/1 | €1,822 | €7,378 | +€5,556 | +304.9% |
| Total equity and liabilities | 10/49 | €539,601 | €691,731 | +€152,130 | +28.2% |
| Equity | 10/15 | €460,544 | €542,319 | +€81,775 | +17.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €410,544 | €492,319 | +€81,775 | +19.9% |
| Distributable reserves | 133 | €410,544 | €492,319 | +€81,775 | +19.9% |
| Amounts payable | 17/49 | €79,057 | €149,412 | +€70,355 | +89.0% |
| Amounts payable after more than one year | 17 | €3,455 | €47,646 | +€44,191 | +1279.0% |
| Financial debts | 170/4 | €3,455 | €47,646 | +€44,191 | +1279.0% |
| Amounts payable within one year | 42/48 | €73,589 | €99,884 | +€26,295 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €6,845 | €14,545 | +€7,700 | +112.5% |
| Trade debts | 44 | €20,456 | €32,482 | +€12,026 | +58.8% |
| Suppliers | 440/4 | €20,456 | €32,482 | +€12,026 | +58.8% |
| Taxes, remuneration and social security | 45 | €40,557 | €36,538 | -€4,019 | -9.9% |
| Taxes | 450/3 | €31,265 | €26,417 | -€4,848 | -15.5% |
| Remuneration and social security | 454/9 | €9,292 | €10,121 | +€830 | +8.9% |
| Other amounts payable | 47/48 | €5,732 | €16,319 | +€10,587 | +184.7% |
| Accrued charges and deferred income | 492/3 | €2,013 | €1,883 | -€130 | -6.5% |
| Non-recurring operating income | 76A | €82 | €21,846 | +€21,764 | +26606.4% |
| Remuneration, social security and pensions | 62 | €155,972 | €143,281 | -€12,690 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,868 | €21,446 | +€5,578 | +35.2% |
| Non-recurring operating charges | 66A | €1,643 | €4,020 | +€2,377 | +144.7% |
| Gross operating margin | 9900 | €306,249 | €284,811 | -€21,438 | -7.0% |
| Operating profit (loss) | 9901 | €132,767 | €116,064 | -€16,703 | -12.6% |
| Financial income | 75/76B | €12 | €105 | +€93 | +763.2% |
| Recurring financial income | 75 | €12 | €105 | +€93 | +763.2% |
| Financial charges | 65/66B | €2,859 | €4,086 | +€1,228 | +42.9% |
| Recurring financial charges | 65 | €2,859 | €4,086 | +€1,228 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €129,920 | €112,083 | -€17,837 | -13.7% |
| Income taxes | 67/77 | €38,741 | €30,308 | -€8,433 | -21.8% |
| Profit (loss) for the period | 9904 | €91,179 | €81,775 | -€9,404 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,179 | €81,775 | -€9,404 | -10.3% |
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 11 October 2026 via checked.be.