HAO YUN DA: 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.
HAO YUN DA
Largest movements
- Stocks and contracts +€611,197
up €611,197 (+173.5%), from €352,300 to €963,497
- Tangible fixed assets +€156,590
up €156,590 (+260.6%), from €60,092 to €216,682
of which Leasing and similar rights: +€165,374
- Receivables within one year +€94,703
up €94,703 (+54.3%), from €174,356 to €269,059
of which Trade receivables: +€98,269
- Financial fixed assets +€24,342
up €24,342 (+122.3%), from €19,900 to €44,242
- Trade debts +€449,828
up €449,828 (+260.3%), from €172,815 to €622,644
- Short-term financial debts +€150,000
new in 2025: €150,000
- Debts after one year +€126,473
new in 2025: €126,473
- Reserves +€124,983
up €124,983 (+187.3%), from €66,736 to €191,719
- Current portion of long-term debt +€31,168
new in 2025: €31,168
- Gross operating margin +€135,442
up €135,442 (+110.0%), from €123,127 to €258,570
- Staff costs +€27,516
up €27,516 (+137.4%), from €20,031 to €47,547
- Taxes +€16,916
up €16,916 (+107.2%), from €15,781 to €32,697
- Depreciation +€13,859
up €13,859 (+103.7%), from €13,359 to €27,218
- Other operating charges +€13,068
up €13,068 (+451.6%), from €2,894 to €15,962
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 | €618,748 | €1,517,796 | +€899,049 | +145.3% |
| Fixed assets | 21/28 | €79,992 | €260,923 | +€180,931 | +226.2% |
| Tangible fixed assets | 22/27 | €60,092 | €216,682 | +€156,590 | +260.6% |
| Plant, machinery and equipment | 23 | €13,626 | €10,643 | -€2,983 | -21.9% |
| Furniture and vehicles | 24 | €10,094 | €8,501 | -€1,593 | -15.8% |
| Leasing and similar rights | 25 | - | €165,374 | +€165,374 | |
| Other tangible fixed assets | 26 | €36,372 | €32,163 | -€4,209 | -11.6% |
| Financial fixed assets | 28 | €19,900 | €44,242 | +€24,342 | +122.3% |
| Current assets | 29/58 | €538,755 | €1,256,873 | +€718,117 | +133.3% |
| Stocks and contracts in progress | 3 | €352,300 | €963,497 | +€611,197 | +173.5% |
| Stocks | 30/36 | €352,300 | €963,497 | +€611,197 | +173.5% |
| Amounts receivable within one year | 40/41 | €174,356 | €269,059 | +€94,703 | +54.3% |
| Trade receivables | 40 | €161,884 | €260,152 | +€98,269 | +60.7% |
| Other amounts receivable | 41 | €12,472 | €8,907 | -€3,565 | -28.6% |
| Cash at bank and in hand | 54/58 | €2,126 | €13,405 | +€11,280 | +530.6% |
| Deferred charges and accrued income | 490/1 | €9,974 | €10,911 | +€937 | +9.4% |
| Total equity and liabilities | 10/49 | €618,748 | €1,517,796 | +€899,049 | +145.3% |
| Equity | 10/15 | €71,736 | €196,719 | +€124,983 | +174.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €66,736 | €191,719 | +€124,983 | +187.3% |
| Distributable reserves | 133 | €66,736 | €191,719 | +€124,983 | +187.3% |
| Amounts payable | 17/49 | €547,011 | €1,321,077 | +€774,066 | +141.5% |
| Amounts payable after more than one year | 17 | - | €126,473 | +€126,473 | |
| Financial debts | 170/4 | - | €126,473 | +€126,473 | |
| Amounts payable within one year | 42/48 | €547,011 | €1,194,604 | +€647,593 | +118.4% |
| Current portion of amounts payable after more than one year | 42 | - | €31,168 | +€31,168 | |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €172,815 | €622,644 | +€449,828 | +260.3% |
| Suppliers | 440/4 | €172,815 | €622,644 | +€449,828 | +260.3% |
| Taxes, remuneration and social security | 45 | €82,076 | €98,748 | +€16,673 | +20.3% |
| Taxes | 450/3 | €69,371 | €83,797 | +€14,426 | +20.8% |
| Remuneration and social security | 454/9 | €12,704 | €14,951 | +€2,246 | +17.7% |
| Other amounts payable | 47/48 | €292,120 | €292,045 | -€75 | 0.0% |
| Remuneration, social security and pensions | 62 | €20,031 | €47,547 | +€27,516 | +137.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,359 | €27,218 | +€13,859 | +103.7% |
| Other operating charges | 640/8 | €2,894 | €15,962 | +€13,068 | +451.6% |
| Gross operating margin | 9900 | €123,127 | €258,570 | +€135,442 | +110.0% |
| Operating profit (loss) | 9901 | €86,843 | €167,842 | +€80,999 | +93.3% |
| Financial income | 75/76B | €650 | €617 | -€34 | -5.2% |
| Recurring financial income | 75 | €650 | €617 | -€34 | -5.2% |
| Financial charges | 65/66B | €4,977 | €10,779 | +€5,802 | +116.6% |
| Recurring financial charges | 65 | €4,977 | €10,779 | +€5,802 | +116.6% |
| Profit (loss) for the period before taxes | 9903 | €82,517 | €157,680 | +€75,163 | +91.1% |
| Income taxes | 67/77 | €15,781 | €32,697 | +€16,916 | +107.2% |
| Profit (loss) for the period | 9904 | €66,736 | €124,983 | +€58,246 | +87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,736 | €124,983 | +€58,246 | +87.3% |
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.