HUA-DA: 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.
HUA-DA
Largest movements
- Tangible fixed assets -€4,541
down €4,541 (-7.9%), from €57,181 to €52,641
of which Leasing and similar rights: -€6,818
- Deferred charges and accrued income -€2,035
down €2,035 (-31.0%), from €6,556 to €4,521
- Receivables within one year +€1,768
up €1,768 (+31.5%), from €5,613 to €7,381
of which Trade receivables: +€936
- Stocks and contracts +€1,656
up €1,656 (+15.6%), from €10,616 to €12,272
- Cash +€1,192
up €1,192 (+3.1%), from €38,558 to €39,749
mainly Depreciation (+€12,021) and Deferred charges and accrued income (+€2,035)
- Debts after one year -€5,910
down €5,910 (-13.1%), from €45,027 to €39,117
- Tax, wage and social debts +€1,924
up €1,924 (+63.9%), from €3,009 to €4,932
of which Taxes: +€1,381
- Reserves +€1,337
up €1,337 (+4.8%), from €27,712 to €29,049
- Gross operating margin -€10,845
down €10,845 (-22.3%), from €48,621 to €37,776
- Staff costs +€1,810
up €1,810 (+10.0%), from €18,143 to €19,953
- Taxes -€874
down €874 (-45.0%), from €1,943 to €1,069
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.
Cash bridge derived
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 | €118,524 | €116,564 | -€1,960 | -1.7% |
| Fixed assets | 21/28 | €57,181 | €52,641 | -€4,541 | -7.9% |
| Tangible fixed assets | 22/27 | €57,181 | €52,641 | -€4,541 | -7.9% |
| Plant, machinery and equipment | 23 | €10,894 | €14,377 | +€3,483 | +32.0% |
| Furniture and vehicles | 24 | €9,861 | €8,656 | -€1,205 | -12.2% |
| Leasing and similar rights | 25 | €36,426 | €29,608 | -€6,818 | -18.7% |
| Current assets | 29/58 | €61,342 | €63,923 | +€2,581 | +4.2% |
| Stocks and contracts in progress | 3 | €10,616 | €12,272 | +€1,656 | +15.6% |
| Stocks | 30/36 | €10,616 | €12,272 | +€1,656 | +15.6% |
| Amounts receivable within one year | 40/41 | €5,613 | €7,381 | +€1,768 | +31.5% |
| Trade receivables | 40 | €963 | €1,898 | +€936 | +97.2% |
| Other amounts receivable | 41 | €4,651 | €5,483 | +€832 | +17.9% |
| Cash at bank and in hand | 54/58 | €38,558 | €39,749 | +€1,192 | +3.1% |
| Deferred charges and accrued income | 490/1 | €6,556 | €4,521 | -€2,035 | -31.0% |
| Total equity and liabilities | 10/49 | €118,524 | €116,564 | -€1,960 | -1.7% |
| Equity | 10/15 | €65,712 | €67,049 | +€1,337 | +2.0% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €27,712 | €29,049 | +€1,337 | +4.8% |
| Distributable reserves | 133 | €27,712 | €29,049 | +€1,337 | +4.8% |
| Amounts payable | 17/49 | €52,811 | €49,515 | -€3,296 | -6.2% |
| Amounts payable after more than one year | 17 | €45,027 | €39,117 | -€5,910 | -13.1% |
| Financial debts | 170/4 | €45,027 | €39,117 | -€5,910 | -13.1% |
| Amounts payable within one year | 42/48 | €7,784 | €10,398 | +€2,614 | +33.6% |
| Trade debts | 44 | €4,635 | €4,507 | -€128 | -2.8% |
| Suppliers | 440/4 | €4,635 | €4,507 | -€128 | -2.8% |
| Advances received on contracts in progress | 46 | €140 | €230 | +€90 | +64.1% |
| Taxes, remuneration and social security | 45 | €3,009 | €4,932 | +€1,924 | +63.9% |
| Taxes | 450/3 | €1,844 | €3,225 | +€1,381 | +74.9% |
| Remuneration and social security | 454/9 | €1,164 | €1,707 | +€543 | +46.6% |
| Other amounts payable | 47/48 | - | €729 | +€729 | |
| Non-recurring operating income | 76A | €1,115 | €787 | -€328 | -29.4% |
| Remuneration, social security and pensions | 62 | €18,143 | €19,953 | +€1,810 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,694 | €12,021 | +€326 | +2.8% |
| Non-recurring operating charges | 66A | €71 | €0 | -€71 | -99.7% |
| Gross operating margin | 9900 | €48,621 | €37,776 | -€10,845 | -22.3% |
| Operating profit (loss) | 9901 | €18,713 | €5,802 | -€12,910 | -69.0% |
| Financial income | 75/76B | €67 | €175 | +€108 | +160.5% |
| Recurring financial income | 75 | €67 | €175 | +€108 | +160.5% |
| Financial charges | 65/66B | €3,965 | €3,572 | -€392 | -9.9% |
| Recurring financial charges | 65 | €3,965 | €3,572 | -€392 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €14,815 | €2,405 | -€12,410 | -83.8% |
| Income taxes | 67/77 | €1,943 | €1,069 | -€874 | -45.0% |
| Profit (loss) for the period | 9904 | €12,872 | €1,337 | -€11,536 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,872 | €1,337 | -€11,536 | -89.6% |
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 11 October 2026 via checked.be.