YANG KWANG: 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.
YANG KWANG
Largest movements
- Tangible fixed assets +€3,755
up €3,755 (+49.6%), from €7,569 to €11,324
of which Furniture and vehicles: +€3,953
- Other debts +€24,959
up €24,959 (+52.6%), from €47,423 to €72,382
- Debts after one year -€18,246
down €18,246 (-9.2%), from €198,829 to €180,584
- Current portion of long-term debt -€10,838
down €10,838 (-29.8%), from €36,324 to €25,486
- Reserves +€4,503
up €4,503 (+7.7%), from €58,454 to €62,957
of which Distributable reserves: +€4,503
- Depreciation -€14,478
down €14,478 (-84.4%), from €17,153 to €2,675
- Other operating charges +€3,007
up €3,007 (+93.7%), from €3,211 to €6,218
- Staff costs +€2,321
up €2,321 (+11.1%), from €20,841 to €23,162
- Financial charges +€860
up €860 (+7.7%), from €11,105 to €11,965
- Taxes -€613
down €613 (-22.8%), from €2,683 to €2,071
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 | €363,790 | €364,985 | +€1,195 | +0.3% |
| Fixed assets | 21/28 | €307,569 | €311,324 | +€3,755 | +1.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | 0.0% |
| Tangible fixed assets | 22/27 | €7,569 | €11,324 | +€3,755 | +49.6% |
| Plant, machinery and equipment | 23 | €4,047 | €4,640 | +€593 | +14.7% |
| Furniture and vehicles | 24 | €356 | €4,309 | +€3,953 | +1,112% |
| Other tangible fixed assets | 26 | €3,167 | €2,375 | -€792 | -25.0% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €56,221 | €53,661 | -€2,560 | -4.6% |
| Stocks and contracts in progress | 3 | €7,958 | €6,546 | -€1,412 | -17.7% |
| Stocks | 30/36 | €7,958 | €6,546 | -€1,412 | -17.7% |
| Amounts receivable within one year | 40/41 | €25,062 | €21,418 | -€3,644 | -14.5% |
| Trade receivables | 40 | €1,596 | - | -€1,596 | |
| Other amounts receivable | 41 | €23,466 | €21,418 | -€2,048 | -8.7% |
| Cash at bank and in hand | 54/58 | €22,342 | €25,537 | +€3,195 | +14.3% |
| Deferred charges and accrued income | 490/1 | €859 | €160 | -€698 | -81.3% |
| Total equity and liabilities | 10/49 | €363,790 | €364,985 | +€1,195 | +0.3% |
| Equity | 10/15 | €77,054 | €81,557 | +€4,503 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,454 | €62,957 | +€4,503 | +7.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,246 | €7,246 | = | 0.0% |
| Distributable reserves | 133 | €49,348 | €53,850 | +€4,503 | +9.1% |
| Amounts payable | 17/49 | €286,737 | €283,428 | -€3,308 | -1.2% |
| Amounts payable after more than one year | 17 | €198,829 | €180,584 | -€18,246 | -9.2% |
| Financial debts | 170/4 | €198,829 | €180,584 | -€18,246 | -9.2% |
| Amounts payable within one year | 42/48 | €85,685 | €98,032 | +€12,346 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €36,324 | €25,486 | -€10,838 | -29.8% |
| Trade debts | 44 | €184 | - | -€184 | |
| Suppliers | 440/4 | €184 | - | -€184 | |
| Taxes, remuneration and social security | 45 | €1,755 | €163 | -€1,592 | -90.7% |
| Taxes | 450/3 | €1,755 | - | -€1,755 | |
| Remuneration and social security | 454/9 | - | €163 | +€163 | |
| Other amounts payable | 47/48 | €47,423 | €72,382 | +€24,959 | +52.6% |
| Accrued charges and deferred income | 492/3 | €2,222 | €4,813 | +€2,591 | +117% |
| Remuneration, social security and pensions | 62 | €20,841 | €23,162 | +€2,321 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,153 | €2,675 | -€14,478 | -84.4% |
| Other operating charges | 640/8 | €3,211 | €6,218 | +€3,007 | +93.7% |
| Gross operating margin | 9900 | €61,159 | €60,595 | -€565 | -0.9% |
| Operating profit (loss) | 9901 | €19,954 | €28,539 | +€8,585 | +43.0% |
| Financial income | 75/76B | €19 | €0 | -€19 | -99.9% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -99.9% |
| Financial charges | 65/66B | €11,105 | €11,965 | +€860 | +7.7% |
| Recurring financial charges | 65 | €11,105 | €11,965 | +€860 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €8,868 | €16,574 | +€7,706 | +86.9% |
| Income taxes | 67/77 | €2,683 | €2,071 | -€613 | -22.8% |
| Profit (loss) for the period | 9904 | €6,185 | €14,503 | +€8,318 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €6,185 | €14,503 | +€8,318 | +135% |
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 26 October 2026 via checked.be.