Hong Fu Wang: what changed
What changed
Hong Fu Wang
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€61,074
2024 · €46,640+€14,435
Equity
€193,216
2024 · €133,623+€59,593
Cash
€166,266
2024 · €99,441+€66,825
Balance sheet total
€230,251
2024 · €178,510+€51,741
Largest movements
Assets
- Cash +€66,825
up €66,825 (+67.2%), from €99,441 to €166,266
mainly Net result for the year (+€61,074) and Depreciation (+€15,976)
- Tangible fixed assets -€10,314
down €10,314 (-19.8%), from €52,198 to €41,883
- Intangible fixed assets -€4,375
down €4,375 (-25.8%), from €16,939 to €12,564
Equity and liabilities
- Reserves +€59,593
up €59,593 (+44.6%), from €133,623 to €193,216
- Other debts -€6,883
down €6,883 (-31.5%), from €21,865 to €14,983
Income statement
- Gross operating margin +€8,496
up €8,496 (+5.8%), from €146,909 to €155,405
- Staff costs -€6,855
down €6,855 (-11.8%), from €58,050 to €51,195
- Taxes +€4,661
up €4,661 (+24.8%), from €18,785 to €23,446
- Depreciation -€3,258
down €3,258 (-16.9%), from €19,234 to €15,976
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.
Result 2024
€46,640
Gross operating margin
+€8,496
Staff costs
+€6,855
Depreciation
+€3,258
Other operating charges
+€270
Other operating items
+€9
Financial charges
+€209
Taxes
-€4,661
Result 2025
€61,074
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€69,593
Investment
-€1,286
Financing
-€1,482
Cash 2024
€99,441
From operations (derived)
+€69,593
Net result for the year
+€61,074
Depreciation
+€15,976
Stocks and contracts
-€496
Receivables within one year
+€1,143
Deferred charges and accrued income
-€253
Trade debts
+€90
Tax, wage and social debts
-€1,059
Other debts
-€6,883
Investment (derived)
-€1,286
Investment in fixed assets (net)
-€1,286
Financing
-€1,482
Contributions, distributions and other
-€1,482
Cash 2025
€166,266
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,510 | €230,251 | +€51,741 | +29.0% |
| Fixed assets | 21/28 | €69,137 | €54,448 | -€14,689 | -21.2% |
| Intangible fixed assets | 21 | €16,939 | €12,564 | -€4,375 | -25.8% |
| Tangible fixed assets | 22/27 | €52,198 | €41,883 | -€10,314 | -19.8% |
| Plant, machinery and equipment | 23 | €12,251 | €10,135 | -€2,116 | -17.3% |
| Furniture and vehicles | 24 | €13,660 | €8,924 | -€4,736 | -34.7% |
| Other tangible fixed assets | 26 | €26,287 | €22,824 | -€3,463 | -13.2% |
| Current assets | 29/58 | €109,373 | €175,803 | +€66,430 | +60.7% |
| Stocks and contracts in progress | 3 | €308 | €804 | +€496 | +161% |
| Stocks | 30/36 | €308 | €804 | +€496 | +161% |
| Amounts receivable within one year | 40/41 | €3,375 | €2,232 | -€1,143 | -33.9% |
| Trade receivables | 40 | €2,743 | €2,181 | -€562 | -20.5% |
| Other amounts receivable | 41 | €632 | €51 | -€581 | -91.9% |
| Cash at bank and in hand | 54/58 | €99,441 | €166,266 | +€66,825 | +67.2% |
| Deferred charges and accrued income | 490/1 | €6,249 | €6,502 | +€253 | +4.1% |
| Total equity and liabilities | 10/49 | €178,510 | €230,251 | +€51,741 | +29.0% |
| Equity | 10/15 | €133,623 | €193,216 | +€59,593 | +44.6% |
| Reserves | 13 | €133,623 | €193,216 | +€59,593 | +44.6% |
| Distributable reserves | 133 | €133,623 | €193,216 | +€59,593 | +44.6% |
| Amounts payable | 17/49 | €44,887 | €37,035 | -€7,852 | -17.5% |
| Amounts payable within one year | 42/48 | €44,887 | €37,035 | -€7,852 | -17.5% |
| Trade debts | 44 | €3,593 | €3,683 | +€90 | +2.5% |
| Suppliers | 440/4 | €3,593 | €3,683 | +€90 | +2.5% |
| Taxes, remuneration and social security | 45 | €19,428 | €18,369 | -€1,059 | -5.5% |
| Taxes | 450/3 | €10,265 | €12,221 | +€1,956 | +19.1% |
| Remuneration and social security | 454/9 | €9,163 | €6,148 | -€3,016 | -32.9% |
| Other amounts payable | 47/48 | €21,865 | €14,983 | -€6,883 | -31.5% |
| Remuneration, social security and pensions | 62 | €58,050 | €51,195 | -€6,855 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,234 | €15,976 | -€3,258 | -16.9% |
| Other operating charges | 640/8 | €2,376 | €2,106 | -€270 | -11.4% |
| Non-recurring operating charges | 66A | €9 | - | -€9 | |
| Gross operating margin | 9900 | €146,909 | €155,405 | +€8,496 | +5.8% |
| Operating profit (loss) | 9901 | €67,241 | €86,128 | +€18,887 | +28.1% |
| Financial charges | 65/66B | €1,816 | €1,608 | -€209 | -11.5% |
| Recurring financial charges | 65 | €1,816 | €1,608 | -€209 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €65,425 | €84,520 | +€19,096 | +29.2% |
| Income taxes | 67/77 | €18,785 | €23,446 | +€4,661 | +24.8% |
| Profit (loss) for the period | 9904 | €46,640 | €61,074 | +€14,435 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,640 | €61,074 | +€14,435 | +30.9% |
Next steps
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Calculation and sources
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 3 November 2026 via checked.be.