XING CHEN: what changed
Two fiscal 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.
XING CHEN
Largest movements
- Cash -€32,384
down €32,384 (-73.3%), from €44,197 to €11,813
mainly Trade debts (-€15,908) and Net result for the year (-€12,062)
- Receivables within one year -€3,202
down €3,202 (-33.3%), from €9,610 to €6,408
- Intangible fixed assets -€3,000
down €3,000 (-55.6%), from €5,400 to €2,400
- Tangible fixed assets -€2,717
down €2,717 (-23.1%), from €11,784 to €9,067
of which Other tangible fixed assets: -€3,200
- Stocks and contracts +€2,002
up €2,002 (+33.5%), from €5,983 to €7,985
- Trade debts -€15,908
no longer reported in 2025 (was €15,908)
- Profit (loss) carried forward -€12,062
down €12,062 (-27.7%), from €43,618 to €31,556
- Tax, wage and social debts -€4,827
down €4,827 (-45.2%), from €10,684 to €5,857
- Other debts -€4,003
no longer reported in 2025 (was €4,003)
- Accrued charges and deferred income -€2,500
no longer reported in 2025 (was €2,500)
- Staff costs +€41,777
new in 2025: €41,777
- Gross operating margin +€6,605
up €6,605 (+16.3%), from €40,563 to €47,168
- Taxes -€5,378
down €5,378 (-88.9%), from €6,047 to €669
- Other operating charges -€1,378
down €1,378 (-12.2%), from €11,265 to €9,888
- Financial charges -€682
down €682 (-52.5%), from €1,299 to €618
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 | €78,574 | €39,273 | -€39,301 | -50.0% |
| Fixed assets | 21/28 | €18,784 | €13,067 | -€5,717 | -30.4% |
| Intangible fixed assets | 21 | €5,400 | €2,400 | -€3,000 | -55.6% |
| Tangible fixed assets | 22/27 | €11,784 | €9,067 | -€2,717 | -23.1% |
| Furniture and vehicles | 24 | €2,836 | €3,319 | +€483 | +17.0% |
| Other tangible fixed assets | 26 | €8,948 | €5,748 | -€3,200 | -35.8% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €59,790 | €26,206 | -€33,584 | -56.2% |
| Stocks and contracts in progress | 3 | €5,983 | €7,985 | +€2,002 | +33.5% |
| Stocks | 30/36 | €5,983 | €7,985 | +€2,002 | +33.5% |
| Amounts receivable within one year | 40/41 | €9,610 | €6,408 | -€3,202 | -33.3% |
| Other amounts receivable | 41 | €9,610 | €6,408 | -€3,202 | -33.3% |
| Cash at bank and in hand | 54/58 | €44,197 | €11,813 | -€32,384 | -73.3% |
| Total equity and liabilities | 10/49 | €78,574 | €39,273 | -€39,301 | -50.0% |
| Equity | 10/15 | €45,478 | €33,416 | -€12,062 | -26.5% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,618 | €31,556 | -€12,062 | -27.7% |
| Amounts payable | 17/49 | €33,096 | €5,857 | -€27,239 | -82.3% |
| Amounts payable within one year | 42/48 | €30,596 | €5,857 | -€24,739 | -80.9% |
| Trade debts | 44 | €15,908 | - | -€15,908 | |
| Suppliers | 440/4 | €15,908 | - | -€15,908 | |
| Taxes, remuneration and social security | 45 | €10,684 | €5,857 | -€4,827 | -45.2% |
| Taxes | 450/3 | €10,684 | €5,857 | -€4,827 | -45.2% |
| Other amounts payable | 47/48 | €4,003 | - | -€4,003 | |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Remuneration, social security and pensions | 62 | - | €41,777 | +€41,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,217 | €6,873 | -€344 | -4.8% |
| Other operating charges | 640/8 | €11,265 | €9,888 | -€1,378 | -12.2% |
| Gross operating margin | 9900 | €40,563 | €47,168 | +€6,605 | +16.3% |
| Operating profit (loss) | 9901 | €22,081 | -€11,370 | -€33,451 | |
| Financial income | 75/76B | €590 | €594 | +€4 | +0.7% |
| Recurring financial income | 75 | €590 | €594 | +€4 | +0.7% |
| Financial charges | 65/66B | €1,299 | €618 | -€682 | -52.5% |
| Recurring financial charges | 65 | €1,299 | €618 | -€682 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €21,372 | -€11,393 | -€32,765 | |
| Income taxes | 67/77 | €6,047 | €669 | -€5,378 | -88.9% |
| Profit (loss) for the period | 9904 | €15,325 | -€12,062 | -€27,387 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,325 | -€12,062 | -€27,387 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.