YANMING SU: 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.
YANMING SU
Largest movements
- Cash +€75,402
up €75,402 (+133.5%), from €56,481 to €131,883
mainly Net result for the year (+€135,636) and Depreciation (+€22,902)
- Receivables within one year -€13,738
down €13,738 (-79.1%), from €17,369 to €3,632
of which Other amounts receivable: -€17,123
- Stocks and contracts +€4,340
up €4,340 (+343.0%), from €1,265 to €5,605
- Reserves +€135,636
up €135,636 (+342.6%), from €39,595 to €175,230
- Contributions -€70,000
down €70,000 (-35.0%), from €200,000 to €130,000
- Debts after one year -€4,920
down €4,920 (-51.3%), from €9,598 to €4,678
- Other debts +€4,039
new in 2025: €4,039
- Tax, wage and social debts +€3,896
up €3,896 (+524.8%), from €742 to €4,638
- Gross operating margin +€140,100
up €140,100 (+169.8%), from €82,487 to €222,587
- Taxes +€41,744
up €41,744 (+279.3%), from €14,945 to €56,689
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 | €265,221 | €330,535 | +€65,314 | +24.6% |
| Fixed assets | 21/28 | €188,362 | €187,302 | -€1,060 | -0.6% |
| Tangible fixed assets | 22/27 | €188,362 | €187,302 | -€1,060 | -0.6% |
| Plant, machinery and equipment | 23 | €8,362 | €27,302 | +€18,940 | +226.5% |
| Other tangible fixed assets | 26 | €180,000 | €160,000 | -€20,000 | -11.1% |
| Current assets | 29/58 | €76,859 | €143,233 | +€66,373 | +86.4% |
| Stocks and contracts in progress | 3 | €1,265 | €5,605 | +€4,340 | +343.0% |
| Stocks | 30/36 | €1,265 | €5,605 | +€4,340 | +343.0% |
| Amounts receivable within one year | 40/41 | €17,369 | €3,632 | -€13,738 | -79.1% |
| Trade receivables | 40 | €247 | €3,632 | +€3,385 | +1373.3% |
| Other amounts receivable | 41 | €17,123 | - | -€17,123 | |
| Cash at bank and in hand | 54/58 | €56,481 | €131,883 | +€75,402 | +133.5% |
| Deferred charges and accrued income | 490/1 | €1,743 | €2,113 | +€369 | +21.2% |
| Total equity and liabilities | 10/49 | €265,221 | €330,535 | +€65,314 | +24.6% |
| Equity | 10/15 | €239,595 | €305,230 | +€65,636 | +27.4% |
| Contributions | 10/11 | €200,000 | €130,000 | -€70,000 | -35.0% |
| Reserves | 13 | €39,595 | €175,230 | +€135,636 | +342.6% |
| Distributable reserves | 133 | €39,595 | €175,230 | +€135,636 | +342.6% |
| Amounts payable | 17/49 | €25,627 | €25,305 | -€322 | -1.3% |
| Amounts payable after more than one year | 17 | €9,598 | €4,678 | -€4,920 | -51.3% |
| Financial debts | 170/4 | €9,598 | €4,678 | -€4,920 | -51.3% |
| Amounts payable within one year | 42/48 | €16,028 | €20,627 | +€4,598 | +28.7% |
| Trade debts | 44 | €15,286 | €11,949 | -€3,337 | -21.8% |
| Suppliers | 440/4 | €15,286 | €11,949 | -€3,337 | -21.8% |
| Taxes, remuneration and social security | 45 | €742 | €4,638 | +€3,896 | +524.8% |
| Taxes | 450/3 | €742 | €4,638 | +€3,896 | +524.8% |
| Other amounts payable | 47/48 | - | €4,039 | +€4,039 | |
| Non-recurring operating income | 76A | €5,013 | €5,430 | +€417 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,871 | €22,902 | +€2,031 | +9.7% |
| Gross operating margin | 9900 | €82,487 | €222,587 | +€140,100 | +169.8% |
| Operating profit (loss) | 9901 | €61,616 | €199,685 | +€138,069 | +224.1% |
| Financial income | 75/76B | €550 | €1,178 | +€628 | +114.1% |
| Recurring financial income | 75 | €550 | €1,178 | +€628 | +114.1% |
| Financial charges | 65/66B | €7,627 | €8,538 | +€911 | +12.0% |
| Recurring financial charges | 65 | €7,627 | €8,538 | +€911 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €54,540 | €192,325 | +€137,785 | +252.6% |
| Income taxes | 67/77 | €14,945 | €56,689 | +€41,744 | +279.3% |
| Profit (loss) for the period | 9904 | €39,595 | €135,636 | +€96,041 | +242.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,595 | €135,636 | +€96,041 | +242.6% |
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 9 October 2026 via checked.be.