HUA DENG: 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 DENG
Largest movements
- Cash -€53,272
down €53,272 (-89.5%), from €59,544 to €6,272
mainly Other debts (-€78,891) and Stocks and contracts (-€958)
- Stocks and contracts +€958
new in 2025: €958
- Other debts -€78,891
down €78,891 (-79.9%), from €98,785 to €19,893
- Profit (loss) carried forward +€21,901
up €21,901 (+51.4%), from -€42,588 to -€20,687
- Tax, wage and social debts +€2,488
up €2,488 (+93.9%), from €2,649 to €5,137
of which Remuneration and social security: +€1,478
- Trade debts +€2,098
new in 2025: €2,098
- Gross operating margin +€11,084
up €11,084 (+53.4%), from €20,771 to €31,854
- Staff costs +€7,444
new in 2025: €7,444
- Other operating charges +€915
up €915 (+78.4%), from €1,166 to €2,081
- Depreciation -€782
no longer reported in 2025 (was €782)
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 | €65,046 | €12,642 | -€52,404 | -80.6% |
| Fixed assets | 21/28 | €5,412 | €5,412 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €5,412 | €5,412 | = | 0.0% |
| Current assets | 29/58 | €59,634 | €7,230 | -€52,404 | -87.9% |
| Stocks and contracts in progress | 3 | - | €958 | +€958 | |
| Stocks | 30/36 | - | €958 | +€958 | |
| Amounts receivable within one year | 40/41 | €90 | - | -€90 | |
| Trade receivables | 40 | €90 | - | -€90 | |
| Cash at bank and in hand | 54/58 | €59,544 | €6,272 | -€53,272 | -89.5% |
| Total equity and liabilities | 10/49 | €65,046 | €12,642 | -€52,404 | -80.6% |
| Equity | 10/15 | -€36,388 | -€14,487 | +€21,901 | +60.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,588 | -€20,687 | +€21,901 | +51.4% |
| Amounts payable | 17/49 | €101,434 | €27,129 | -€74,305 | -73.3% |
| Amounts payable within one year | 42/48 | €101,434 | €27,129 | -€74,305 | -73.3% |
| Trade debts | 44 | - | €2,098 | +€2,098 | |
| Suppliers | 440/4 | - | €2,098 | +€2,098 | |
| Taxes, remuneration and social security | 45 | €2,649 | €5,137 | +€2,488 | +93.9% |
| Taxes | 450/3 | €2,649 | €3,659 | +€1,010 | +38.1% |
| Remuneration and social security | 454/9 | - | €1,478 | +€1,478 | |
| Other amounts payable | 47/48 | €98,785 | €19,893 | -€78,891 | -79.9% |
| Remuneration, social security and pensions | 62 | - | €7,444 | +€7,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €782 | - | -€782 | |
| Other operating charges | 640/8 | €1,166 | €2,081 | +€915 | +78.4% |
| Gross operating margin | 9900 | €20,771 | €31,854 | +€11,084 | +53.4% |
| Operating profit (loss) | 9901 | €18,823 | €22,329 | +€3,506 | +18.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €279 | €195 | -€84 | -29.9% |
| Recurring financial charges | 65 | €279 | €195 | -€84 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €18,544 | €22,134 | +€3,590 | +19.4% |
| Income taxes | 67/77 | €49 | €233 | +€184 | +378% |
| Profit (loss) for the period | 9904 | €18,495 | €21,901 | +€3,406 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,495 | €21,901 | +€3,406 | +18.4% |
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 18 October 2026 via checked.be.