HONGDA EUROPE: what changed
HONGDA EUROPE
Largest movements
- Cash -€78,011
down €78,011 (-86.4%), from €90,288 to €12,277
mainly Investment in fixed assets (net) (-€63,650) and Net result for the year (-€23,786)
- Tangible fixed assets +€54,218
up €54,218 (+620%), from €8,750 to €62,968
of which Leasing and similar rights: +€60,468
- Receivables within one year +€6,044
up €6,044 (+1,042%), from €580 to €6,624
of which Other amounts receivable: +€5,634
- Deferred charges and accrued income +€1,685
up €1,685 (+548%), from €307 to €1,992
- Debts after one year +€34,904
new in 2025: €34,904
- Profit (loss) carried forward -€23,786
down €23,786 (-57.4%), from €41,449 to €17,664
- Other debts -€19,110
no longer reported in 2025 (was €19,110)
- Tax, wage and social debts -€10,758
down €10,758 (-48.3%), from €22,288 to €11,530
of which Taxes: -€13,897
- Current portion of long-term debt +€8,410
new in 2025: €8,410
- Gross operating margin -€98,829
down €98,829, from €86,331 to -€12,498
- Taxes -€13,221
down €13,221 (-94.4%), from €14,000 to €779
- Other operating charges -€4,862
down €4,862 (-89.2%), from €5,449 to €586
- Depreciation +€3,183
up €3,183 (+50.9%), from €6,250 to €9,433
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 | €99,925 | €83,861 | -€16,065 | -16.1% |
| Fixed assets | 21/28 | €8,750 | €62,968 | +€54,218 | +620% |
| Tangible fixed assets | 22/27 | €8,750 | €62,968 | +€54,218 | +620% |
| Furniture and vehicles | 24 | €8,750 | €2,500 | -€6,250 | -71.4% |
| Leasing and similar rights | 25 | - | €60,468 | +€60,468 | |
| Current assets | 29/58 | €91,175 | €20,893 | -€70,282 | -77.1% |
| Amounts receivable within one year | 40/41 | €580 | €6,624 | +€6,044 | +1,042% |
| Trade receivables | 40 | - | €410 | +€410 | |
| Other amounts receivable | 41 | €580 | €6,214 | +€5,634 | +972% |
| Cash at bank and in hand | 54/58 | €90,288 | €12,277 | -€78,011 | -86.4% |
| Deferred charges and accrued income | 490/1 | €307 | €1,992 | +€1,685 | +548% |
| Total equity and liabilities | 10/49 | €99,925 | €83,861 | -€16,065 | -16.1% |
| Equity | 10/15 | €48,449 | €24,664 | -€23,786 | -49.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Contributions outside capital | 11 | €7,000 | - | -€7,000 | |
| Other | 1109/19 | €7,000 | - | -€7,000 | |
| Profit (loss) carried forward | 14 | €41,449 | €17,664 | -€23,786 | -57.4% |
| Amounts payable | 17/49 | €51,476 | €59,197 | +€7,721 | +15.0% |
| Amounts payable after more than one year | 17 | - | €34,904 | +€34,904 | |
| Financial debts | 170/4 | - | €34,904 | +€34,904 | |
| Amounts payable within one year | 42/48 | €49,976 | €22,193 | -€27,783 | -55.6% |
| Current portion of amounts payable after more than one year | 42 | - | €8,410 | +€8,410 | |
| Trade debts | 44 | €8,578 | €2,253 | -€6,325 | -73.7% |
| Suppliers | 440/4 | €8,578 | €2,253 | -€6,325 | -73.7% |
| Taxes, remuneration and social security | 45 | €22,288 | €11,530 | -€10,758 | -48.3% |
| Taxes | 450/3 | €14,162 | €265 | -€13,897 | -98.1% |
| Remuneration and social security | 454/9 | €8,126 | €11,266 | +€3,139 | +38.6% |
| Other amounts payable | 47/48 | €19,110 | - | -€19,110 | |
| Accrued charges and deferred income | 492/3 | €1,500 | €2,100 | +€600 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,250 | €9,433 | +€3,183 | +50.9% |
| Other operating charges | 640/8 | €5,449 | €586 | -€4,862 | -89.2% |
| Gross operating margin | 9900 | €86,331 | -€12,498 | -€98,829 | |
| Operating profit (loss) | 9901 | €74,632 | -€22,517 | -€97,149 | |
| Financial charges | 65/66B | €73 | €490 | +€417 | +576% |
| Recurring financial charges | 65 | €73 | €490 | +€417 | +576% |
| Profit (loss) for the period before taxes | 9903 | €74,559 | -€23,007 | -€97,566 | |
| Income taxes | 67/77 | €14,000 | €779 | -€13,221 | -94.4% |
| Profit (loss) for the period | 9904 | €60,559 | -€23,786 | -€84,345 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,559 | -€23,786 | -€84,345 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.