HONG YUN: what changed
HONG YUN
Largest movements
- Tangible fixed assets +€12,197
up €12,197 (+24.0%), from €50,830 to €63,026
of which Plant, machinery and equipment: +€15,438
- Receivables within one year -€7,029
down €7,029 (-47.3%), from €14,855 to €7,826
of which Other amounts receivable: -€4,339
- Cash -€1,938
down €1,938 (-8.5%), from €22,811 to €20,873
mainly Investment in fixed assets (net) (-€30,959) and Short-term financial debts (-€15,559)
- Short-term financial debts -€15,559
down €15,559 (-33.7%), from €46,110 to €30,552
- Profit (loss) carried forward +€14,279
up €14,279 (+79.3%), from €18,003 to €32,282
- Other debts +€9,568
new in 2025: €9,568
- Tax, wage and social debts -€8,511
down €8,511 (-81.0%), from €10,502 to €1,991
of which Remuneration and social security: -€4,500
- Trade debts +€3,236
up €3,236 (+455%), from €712 to €3,948
- Gross operating margin +€44,069
up €44,069 (+169%), from €26,151 to €70,220
- Staff costs +€10,246
up €10,246 (+51.6%), from €19,875 to €30,121
- Depreciation +€4,354
up €4,354 (+30.2%), from €14,408 to €18,762
- Financial charges +€1,581
up €1,581 (+151%), from €1,045 to €2,627
- Taxes +€1,525
up €1,525 (+526%), from €290 to €1,815
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,511 | €93,525 | +€3,014 | +3.3% |
| Fixed assets | 21/28 | €50,830 | €63,026 | +€12,197 | +24.0% |
| Tangible fixed assets | 22/27 | €50,830 | €63,026 | +€12,197 | +24.0% |
| Plant, machinery and equipment | 23 | €6,074 | €21,512 | +€15,438 | +254% |
| Furniture and vehicles | 24 | €44,756 | €41,514 | -€3,241 | -7.2% |
| Current assets | 29/58 | €39,682 | €30,499 | -€9,183 | -23.1% |
| Stocks and contracts in progress | 3 | €2,015 | €1,800 | -€215 | -10.7% |
| Stocks | 30/36 | €2,015 | €1,800 | -€215 | -10.7% |
| Amounts receivable within one year | 40/41 | €14,855 | €7,826 | -€7,029 | -47.3% |
| Trade receivables | 40 | €2,691 | - | -€2,691 | |
| Other amounts receivable | 41 | €12,165 | €7,826 | -€4,339 | -35.7% |
| Cash at bank and in hand | 54/58 | €22,811 | €20,873 | -€1,938 | -8.5% |
| Total equity and liabilities | 10/49 | €90,511 | €93,525 | +€3,014 | +3.3% |
| Equity | 10/15 | €33,187 | €47,466 | +€14,279 | +43.0% |
| Contributions | 10/11 | €15,184 | €15,184 | = | 0.0% |
| Contributions outside capital | 11 | €15,184 | €15,184 | = | 0.0% |
| Other | 1109/19 | €15,184 | €15,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,003 | €32,282 | +€14,279 | +79.3% |
| Amounts payable | 17/49 | €57,324 | €46,059 | -€11,265 | -19.7% |
| Amounts payable within one year | 42/48 | €57,324 | €46,059 | -€11,265 | -19.7% |
| Financial debts | 43 | €46,110 | €30,552 | -€15,559 | -33.7% |
| Credit institutions | 430/8 | €46,110 | €30,552 | -€15,559 | -33.7% |
| Trade debts | 44 | €712 | €3,948 | +€3,236 | +455% |
| Suppliers | 440/4 | €712 | €3,948 | +€3,236 | +455% |
| Taxes, remuneration and social security | 45 | €10,502 | €1,991 | -€8,511 | -81.0% |
| Taxes | 450/3 | €4,511 | €500 | -€4,011 | -88.9% |
| Remuneration and social security | 454/9 | €5,991 | €1,491 | -€4,500 | -75.1% |
| Other amounts payable | 47/48 | - | €9,568 | +€9,568 | |
| Remuneration, social security and pensions | 62 | €19,875 | €30,121 | +€10,246 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,408 | €18,762 | +€4,354 | +30.2% |
| Other operating charges | 640/8 | €2,406 | €2,616 | +€210 | +8.7% |
| Gross operating margin | 9900 | €26,151 | €70,220 | +€44,069 | +169% |
| Operating profit (loss) | 9901 | -€10,538 | €18,720 | +€29,259 | |
| Financial income | 75/76B | €68 | - | -€68 | |
| Recurring financial income | 75 | €68 | - | -€68 | |
| Financial charges | 65/66B | €1,045 | €2,627 | +€1,581 | +151% |
| Recurring financial charges | 65 | €1,045 | €2,627 | +€1,581 | +151% |
| Profit (loss) for the period before taxes | 9903 | -€11,515 | €16,094 | +€27,609 | |
| Income taxes | 67/77 | €290 | €1,815 | +€1,525 | +526% |
| Profit (loss) for the period | 9904 | -€11,805 | €14,279 | +€26,084 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,805 | €14,279 | +€26,084 |
Next steps
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.