HONG SI: 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 SI
Largest movements
- Tangible fixed assets -€8,659
down €8,659 (-9.0%), from €96,262 to €87,603
of which Plant, machinery and equipment: -€7,838
- Profit (loss) carried forward -€16,293
down €16,293 (-25.0%), from -€65,132 to -€81,425
- Debts after one year -€15,774
down €15,774 (-28.7%), from €54,979 to €39,205
- Other debts +€13,724
up €13,724 (+19.5%), from €70,364 to €84,088
- Trade debts +€7,696
up €7,696 (+1,969%), from €391 to €8,087
- Gross operating margin +€61,020
up €61,020, from -€51,207 to €9,813
- Depreciation +€6,808
up €6,808 (+72.8%), from €9,350 to €16,158
- Other operating charges +€4,161
up €4,161 (+185%), from €2,248 to €6,408
- Financial charges +€1,213
up €1,213 (+52.1%), from €2,328 to €3,540
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,802 | €90,730 | -€10,072 | -10.0% |
| Fixed assets | 21/28 | €99,004 | €90,060 | -€8,943 | -9.0% |
| Intangible fixed assets | 21 | €2,741 | €2,457 | -€284 | -10.4% |
| Tangible fixed assets | 22/27 | €96,262 | €87,603 | -€8,659 | -9.0% |
| Plant, machinery and equipment | 23 | €33,979 | €26,141 | -€7,838 | -23.1% |
| Furniture and vehicles | 24 | €241 | €181 | -€60 | -24.7% |
| Other tangible fixed assets | 26 | €62,042 | €61,281 | -€761 | -1.2% |
| Current assets | 29/58 | €1,798 | €670 | -€1,129 | -62.8% |
| Amounts receivable within one year | 40/41 | €1,480 | €595 | -€885 | -59.8% |
| Other amounts receivable | 41 | €1,480 | €595 | -€885 | -59.8% |
| Cash at bank and in hand | 54/58 | €318 | €75 | -€243 | -76.5% |
| Total equity and liabilities | 10/49 | €100,802 | €90,730 | -€10,072 | -10.0% |
| Equity | 10/15 | -€40,132 | -€56,425 | -€16,293 | -40.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,132 | -€81,425 | -€16,293 | -25.0% |
| Amounts payable | 17/49 | €140,934 | €147,155 | +€6,221 | +4.4% |
| Amounts payable after more than one year | 17 | €54,979 | €39,205 | -€15,774 | -28.7% |
| Financial debts | 170/4 | €54,979 | €39,205 | -€15,774 | -28.7% |
| Amounts payable within one year | 42/48 | €85,955 | €107,949 | +€21,995 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €15,200 | €15,774 | +€575 | +3.8% |
| Trade debts | 44 | €391 | €8,087 | +€7,696 | +1,969% |
| Suppliers | 440/4 | €391 | €8,087 | +€7,696 | +1,969% |
| Other amounts payable | 47/48 | €70,364 | €84,088 | +€13,724 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,350 | €16,158 | +€6,808 | +72.8% |
| Other operating charges | 640/8 | €2,248 | €6,408 | +€4,161 | +185% |
| Gross operating margin | 9900 | -€51,207 | €9,813 | +€61,020 | |
| Operating profit (loss) | 9901 | -€62,804 | -€12,753 | +€50,051 | +79.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,328 | €3,540 | +€1,213 | +52.1% |
| Recurring financial charges | 65 | €2,328 | €3,540 | +€1,213 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | -€65,132 | -€16,293 | +€48,839 | +75.0% |
| Profit (loss) for the period | 9904 | -€65,132 | -€16,293 | +€48,839 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,132 | -€16,293 | +€48,839 | +75.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.