HONG 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.
HONG DA
Largest movements
- Stocks and contracts -€10,951
down €10,951 (-7.4%), from €148,481 to €137,529
- Receivables within one year +€2,410
up €2,410 (+154%), from €1,569 to €3,978
of which Trade receivables: +€3,978
- Debts after one year -€23,000
down €23,000 (-100%), from €23,000 to €0
- Other debts +€22,724
up €22,724 (+25.2%), from €90,283 to €113,007
- Profit (loss) carried forward -€4,437
down €4,437 (-31.4%), from €14,114 to €9,678
- Trade debts -€4,131
down €4,131 (-42.1%), from €9,821 to €5,690
- Gross operating margin -€13,927
down €13,927 (-95.2%), from €14,634 to €706
- Staff costs -€5,313
down €5,313 (-67.2%), from €7,904 to €2,591
- Taxes +€1,539
up €1,539 (+1,012%), from €152 to €1,691
- Other operating charges -€1,072
down €1,072 (-55.3%), from €1,940 to €868
- Financial income +€186
up €186 (+362%), from €52 to €238
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 | €161,369 | €153,799 | -€7,570 | -4.7% |
| Fixed assets | 21/28 | €1,910 | €1,910 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,910 | €1,910 | = | 0.0% |
| Current assets | 29/58 | €159,459 | €151,889 | -€7,570 | -4.7% |
| Stocks and contracts in progress | 3 | €148,481 | €137,529 | -€10,951 | -7.4% |
| Stocks | 30/36 | €148,481 | €137,529 | -€10,951 | -7.4% |
| Amounts receivable within one year | 40/41 | €1,569 | €3,978 | +€2,410 | +154% |
| Trade receivables | 40 | - | €3,978 | +€3,978 | |
| Other amounts receivable | 41 | €1,569 | €0 | -€1,569 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,410 | €9,416 | +€6 | +0.1% |
| Deferred charges and accrued income | 490/1 | €0 | €966 | +€966 | |
| Total equity and liabilities | 10/49 | €161,369 | €153,799 | -€7,570 | -4.7% |
| Equity | 10/15 | €34,180 | €29,743 | -€4,437 | -13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,465 | €1,465 | = | 0.0% |
| Distributable reserves | 133 | €1,465 | €1,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,114 | €9,678 | -€4,437 | -31.4% |
| Amounts payable | 17/49 | €127,189 | €124,056 | -€3,133 | -2.5% |
| Amounts payable after more than one year | 17 | €23,000 | €0 | -€23,000 | -100% |
| Financial debts | 170/4 | €23,000 | €0 | -€23,000 | -100% |
| Amounts payable within one year | 42/48 | €104,189 | €124,056 | +€19,867 | +19.1% |
| Financial debts | 43 | €169 | - | -€169 | |
| Credit institutions | 430/8 | €169 | - | -€169 | |
| Trade debts | 44 | €9,821 | €5,690 | -€4,131 | -42.1% |
| Suppliers | 440/4 | €9,821 | €5,690 | -€4,131 | -42.1% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €3,917 | €5,359 | +€1,442 | +36.8% |
| Taxes | 450/3 | €3,691 | €5,138 | +€1,447 | +39.2% |
| Remuneration and social security | 454/9 | €226 | €222 | -€4 | -1.9% |
| Other amounts payable | 47/48 | €90,283 | €113,007 | +€22,724 | +25.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €7,904 | €2,591 | -€5,313 | -67.2% |
| Other operating charges | 640/8 | €1,940 | €868 | -€1,072 | -55.3% |
| Gross operating margin | 9900 | €14,634 | €706 | -€13,927 | -95.2% |
| Operating profit (loss) | 9901 | €4,790 | -€2,752 | -€7,543 | |
| Financial income | 75/76B | €52 | €238 | +€186 | +362% |
| Recurring financial income | 75 | €52 | €238 | +€186 | +362% |
| Financial charges | 65/66B | €166 | €231 | +€65 | +39.2% |
| Recurring financial charges | 65 | €166 | €231 | +€65 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €4,676 | -€2,745 | -€7,421 | |
| Income taxes | 67/77 | €152 | €1,691 | +€1,539 | +1,012% |
| Profit (loss) for the period | 9904 | €4,524 | -€4,437 | -€8,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,524 | -€4,437 | -€8,960 |
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.