XING WANG: 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 WANG
Largest movements
- Tangible fixed assets -€51,389
down €51,389 (-17.9%), from €286,822 to €235,434
of which Land and buildings: -€46,512
- Receivables within one year -€6,874
down €6,874 (-5.3%), from €130,002 to €123,128
- Profit (loss) carried forward -€35,955
down €35,955 (-489.7%), from -€7,342 to -€43,297
- Debts after one year -€35,770
down €35,770 (-13.2%), from €271,148 to €235,378
- Other debts +€18,745
up €18,745 (+507.5%), from €3,694 to €22,439
- Current portion of long-term debt -€4,435
down €4,435 (-11.0%), from €40,205 to €35,770
- Gross operating margin -€38,867
down €38,867 (-66.5%), from €58,491 to €19,624
- Depreciation -€4,132
down €4,132 (-7.4%), from €55,520 to €51,389
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 | €417,670 | €360,254 | -€57,415 | -13.7% |
| Fixed assets | 21/28 | €286,822 | €235,434 | -€51,389 | -17.9% |
| Tangible fixed assets | 22/27 | €286,822 | €235,434 | -€51,389 | -17.9% |
| Land and buildings | 22 | €255,059 | €208,547 | -€46,512 | -18.2% |
| Plant, machinery and equipment | 23 | €22,756 | €20,859 | -€1,896 | -8.3% |
| Furniture and vehicles | 24 | €9,008 | €6,027 | -€2,981 | -33.1% |
| Current assets | 29/58 | €130,847 | €124,821 | -€6,027 | -4.6% |
| Amounts receivable within one year | 40/41 | €130,002 | €123,128 | -€6,874 | -5.3% |
| Other amounts receivable | 41 | €130,002 | €123,128 | -€6,874 | -5.3% |
| Cash at bank and in hand | 54/58 | €845 | €1,692 | +€847 | +100.3% |
| Total equity and liabilities | 10/49 | €417,670 | €360,254 | -€57,415 | -13.7% |
| Equity | 10/15 | €102,623 | €66,668 | -€35,955 | -35.0% |
| Contributions | 10/11 | €109,965 | €109,965 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,342 | -€43,297 | -€35,955 | -489.7% |
| Amounts payable | 17/49 | €315,047 | €293,587 | -€21,460 | -6.8% |
| Amounts payable after more than one year | 17 | €271,148 | €235,378 | -€35,770 | -13.2% |
| Financial debts | 170/4 | €271,148 | €235,378 | -€35,770 | -13.2% |
| Amounts payable within one year | 42/48 | €43,899 | €58,209 | +€14,310 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €40,205 | €35,770 | -€4,435 | -11.0% |
| Other amounts payable | 47/48 | €3,694 | €22,439 | +€18,745 | +507.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,520 | €51,389 | -€4,132 | -7.4% |
| Gross operating margin | 9900 | €58,491 | €19,624 | -€38,867 | -66.5% |
| Operating profit (loss) | 9901 | €2,971 | -€31,765 | -€34,736 | |
| Financial charges | 65/66B | €4,419 | €4,190 | -€229 | -5.2% |
| Recurring financial charges | 65 | €4,419 | €4,190 | -€229 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,448 | -€35,955 | -€34,507 | -2382.4% |
| Profit (loss) for the period | 9904 | -€1,448 | -€35,955 | -€34,507 | -2382.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,448 | -€35,955 | -€34,507 | -2382.4% |
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 8 October 2026 via checked.be.