HONGYUN: 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.
HONGYUN
Largest movements
- Cash +€8,817
up €8,817 (+159%), from €5,549 to €14,366
mainly Tax, wage and social debts (+€15,224) and Receivables within one year (+€3,653)
- Receivables within one year -€3,653
down €3,653 (-59.0%), from €6,187 to €2,534
of which Other amounts receivable: -€1,989
- Tangible fixed assets -€2,540
down €2,540 (-25.9%), from €9,792 to €7,252
of which Other tangible fixed assets: -€1,363
- Formation expenses -€254
down €254 (-25.0%), from €1,012 to €759
- Tax, wage and social debts +€15,224
up €15,224 (+119%), from €12,844 to €28,068
of which Remuneration and social security: +€14,907
- Profit (loss) carried forward -€10,482
down €10,482 (-78.7%), from -€13,319 to -€23,801
- Other debts -€1,798
down €1,798 (-8.0%), from €22,509 to €20,711
- Trade debts -€573
down €573 (-80.7%), from €710 to €137
- Turnover -€40,260
no longer reported in 2025 (was €40,260)
- Purchases and services +€10,489
up €10,489 (+25.9%), from €40,461 to €50,950
- Gross operating margin +€3,012
up €3,012 (+246%), from €1,226 to €4,239
- Depreciation +€448
up €448 (+19.1%), from €2,345 to €2,793
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 | €22,745 | €25,116 | +€2,371 | +10.4% |
| Formation expenses | 20 | €1,012 | €759 | -€254 | -25.0% |
| Fixed assets | 21/28 | €9,997 | €7,457 | -€2,540 | -25.4% |
| Tangible fixed assets | 22/27 | €9,792 | €7,252 | -€2,540 | -25.9% |
| Furniture and vehicles | 24 | €4,183 | €3,007 | -€1,177 | -28.1% |
| Other tangible fixed assets | 26 | €5,608 | €4,245 | -€1,363 | -24.3% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €11,736 | €16,900 | +€5,164 | +44.0% |
| Amounts receivable within one year | 40/41 | €6,187 | €2,534 | -€3,653 | -59.0% |
| Trade receivables | 40 | €3,372 | €1,708 | -€1,664 | -49.3% |
| Other amounts receivable | 41 | €2,815 | €826 | -€1,989 | -70.7% |
| Cash at bank and in hand | 54/58 | €5,549 | €14,366 | +€8,817 | +159% |
| Total equity and liabilities | 10/49 | €22,745 | €25,116 | +€2,371 | +10.4% |
| Equity | 10/15 | -€13,319 | -€23,801 | -€10,482 | -78.7% |
| Profit (loss) carried forward | 14 | -€13,319 | -€23,801 | -€10,482 | -78.7% |
| Amounts payable | 17/49 | €36,064 | €48,917 | +€12,853 | +35.6% |
| Amounts payable within one year | 42/48 | €36,064 | €48,917 | +€12,853 | +35.6% |
| Trade debts | 44 | €710 | €137 | -€573 | -80.7% |
| Suppliers | 440/4 | €710 | €137 | -€573 | -80.7% |
| Taxes, remuneration and social security | 45 | €12,844 | €28,068 | +€15,224 | +119% |
| Taxes | 450/3 | €2,647 | €2,963 | +€316 | +12.0% |
| Remuneration and social security | 454/9 | €10,197 | €25,104 | +€14,907 | +146% |
| Other amounts payable | 47/48 | €22,509 | €20,711 | -€1,798 | -8.0% |
| Turnover | 70 | €40,260 | - | -€40,260 | |
| Goods, raw materials, services and sundry goods | 60/61 | €40,461 | €50,950 | +€10,489 | +25.9% |
| Remuneration, social security and pensions | 62 | €11,379 | €11,161 | -€218 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,345 | €2,793 | +€448 | +19.1% |
| Other operating charges | 640/8 | €821 | €765 | -€56 | -6.8% |
| Gross operating margin | 9900 | €1,226 | €4,239 | +€3,012 | +246% |
| Operating profit (loss) | 9901 | -€13,319 | -€10,481 | +€2,838 | +21.3% |
| Financial charges | 65/66B | - | €1 | +€1 | |
| Recurring financial charges | 65 | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | -€13,319 | -€10,482 | +€2,836 | +21.3% |
| Profit (loss) for the period | 9904 | -€13,319 | -€10,482 | +€2,836 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,319 | -€10,482 | +€2,836 | +21.3% |
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 20 October 2026 via checked.be.