YANG MING (BELGIUM): what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
YANG MING (BELGIUM)
Largest movements
- Cash +€254,931
up €254,931 (+19.9%), from €1.3m to €1.5m
mainly Trade debts (+€254,667) and Receivables within one year (+€214,375)
- Current investments +€250,000
up €250,000 (+50.0%), from €500,000 to €750,000
- Receivables within one year -€214,375
down €214,375 (-6.0%), from €3.6m to €3.4m
of which Trade receivables: -€318,022
- Trade debts +€254,667
up €254,667 (+8.1%), from €3.1m to €3.4m
- Other debts -€66,891
down €66,891 (-57.3%), from €116,740 to €49,849
- Staff costs +€258,382
up €258,382 (+11.7%), from €2.2m to €2.5m
- Gross operating margin -€101,067
down €101,067 (-3.6%), from €2.8m to €2.7m
- Taxes -€29,864
down €29,864 (-29.6%), from €100,896 to €71,032
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,399,392 | €5,683,278 | +€283,886 | +5.3% |
| Fixed assets | 21/28 | €19,077 | €15,886 | -€3,191 | -16.7% |
| Intangible fixed assets | 21 | €3,522 | €802 | -€2,720 | -77.2% |
| Tangible fixed assets | 22/27 | €9,345 | €8,874 | -€471 | -5.0% |
| Furniture and vehicles | 24 | €5,846 | €6,299 | +€453 | +7.8% |
| Other tangible fixed assets | 26 | €3,499 | €2,575 | -€924 | -26.4% |
| Financial fixed assets | 28 | €6,210 | €6,210 | = | 0.0% |
| Current assets | 29/58 | €5,380,315 | €5,667,392 | +€287,077 | +5.3% |
| Amounts receivable within one year | 40/41 | €3,595,794 | €3,381,419 | -€214,375 | -6.0% |
| Trade receivables | 40 | €3,088,965 | €2,770,943 | -€318,022 | -10.3% |
| Other amounts receivable | 41 | €506,829 | €610,476 | +€103,647 | +20.5% |
| Current investments | 50/53 | €500,000 | €750,000 | +€250,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €1,281,043 | €1,535,973 | +€254,931 | +19.9% |
| Deferred charges and accrued income | 490/1 | €3,479 | - | -€3,479 | |
| Total equity and liabilities | 10/49 | €5,399,392 | €5,683,278 | +€283,886 | +5.3% |
| Equity | 10/15 | €1,673,614 | €1,729,857 | +€56,243 | +3.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,605,964 | €1,662,207 | +€56,243 | +3.5% |
| Amounts payable | 17/49 | €3,725,778 | €3,953,421 | +€227,643 | +6.1% |
| Amounts payable after more than one year | 17 | €1,618 | - | -€1,618 | |
| Other amounts payable | 178/9 | €1,618 | - | -€1,618 | |
| Amounts payable within one year | 42/48 | €3,724,160 | €3,953,421 | +€229,261 | +6.2% |
| Trade debts | 44 | €3,140,366 | €3,395,033 | +€254,667 | +8.1% |
| Suppliers | 440/4 | €3,140,366 | €3,395,033 | +€254,667 | +8.1% |
| Taxes, remuneration and social security | 45 | €467,054 | €508,539 | +€41,485 | +8.9% |
| Taxes | 450/3 | €194,888 | €160,500 | -€34,388 | -17.6% |
| Remuneration and social security | 454/9 | €272,166 | €348,038 | +€75,873 | +27.9% |
| Other amounts payable | 47/48 | €116,740 | €49,849 | -€66,891 | -57.3% |
| Remuneration, social security and pensions | 62 | €2,215,524 | €2,473,906 | +€258,382 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,178 | €6,640 | -€5,538 | -45.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,568 | €17,547 | +€15,979 | +1,019% |
| Other operating charges | 640/8 | €16,729 | €15,897 | -€832 | -5.0% |
| Gross operating margin | 9900 | €2,789,130 | €2,688,063 | -€101,067 | -3.6% |
| Operating profit (loss) | 9901 | €543,131 | €174,073 | -€369,059 | -68.0% |
| Financial income | 75/76B | €11,322 | €22,147 | +€10,825 | +95.6% |
| Recurring financial income | 75 | €11,322 | €22,147 | +€10,825 | +95.6% |
| Financial charges | 65/66B | €2,077 | €19,095 | +€17,018 | +820% |
| Recurring financial charges | 65 | €2,077 | €19,095 | +€17,018 | +820% |
| Profit (loss) for the period before taxes | 9903 | €552,377 | €177,124 | -€375,252 | -67.9% |
| Income taxes | 67/77 | €100,896 | €71,032 | -€29,864 | -29.6% |
| Profit (loss) for the period | 9904 | €451,481 | €106,092 | -€345,389 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €451,481 | €106,092 | -€345,389 | -76.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.