HUAPING: 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.
HUAPING
Largest movements
- Cash +€518,198
up €518,198 (+75.7%), from €684,964 to €1.2m
mainly Net result for the year (+€558,241) and Depreciation (+€93,245)
- Receivables within one year -€46,328
down €46,328 (-41.5%), from €111,517 to €65,189
of which Trade receivables: -€58,834
- Tangible fixed assets -€27,885
down €27,885 (-4.2%), from €666,586 to €638,701
of which Furniture and vehicles: -€31,813
- Reserves +€445,241
up €445,241 (+39.8%), from €1.1m to €1.6m
- Debts after one year -€30,703
down €30,703 (-16.7%), from €183,898 to €153,195
- Trade debts +€26,321
up €26,321 (+28.2%), from €93,425 to €119,745
- Gross operating margin +€80,789
up €80,789 (+7.9%), from €1.0m to €1.1m
- Taxes +€46,138
up €46,138 (+22.3%), from €206,862 to €253,000
- Depreciation +€15,495
up €15,495 (+19.9%), from €77,751 to €93,245
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 | €1,487,185 | €1,932,570 | +€445,385 | +29.9% |
| Fixed assets | 21/28 | €666,586 | €638,701 | -€27,885 | -4.2% |
| Tangible fixed assets | 22/27 | €666,586 | €638,701 | -€27,885 | -4.2% |
| Land and buildings | 22 | €250,000 | €250,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €197,472 | €201,400 | +€3,928 | +2.0% |
| Furniture and vehicles | 24 | €219,114 | €187,301 | -€31,813 | -14.5% |
| Current assets | 29/58 | €820,599 | €1,293,869 | +€473,269 | +57.7% |
| Stocks and contracts in progress | 3 | €21,127 | €22,279 | +€1,153 | +5.5% |
| Stocks | 30/36 | €21,127 | €22,279 | +€1,153 | +5.5% |
| Amounts receivable within one year | 40/41 | €111,517 | €65,189 | -€46,328 | -41.5% |
| Trade receivables | 40 | €75,549 | €16,715 | -€58,834 | -77.9% |
| Other amounts receivable | 41 | €35,968 | €48,474 | +€12,506 | +34.8% |
| Cash at bank and in hand | 54/58 | €684,964 | €1,203,163 | +€518,198 | +75.7% |
| Deferred charges and accrued income | 490/1 | €2,992 | €3,238 | +€246 | +8.2% |
| Total equity and liabilities | 10/49 | €1,487,185 | €1,932,570 | +€445,385 | +29.9% |
| Equity | 10/15 | €1,118,440 | €1,563,681 | +€445,241 | +39.8% |
| Reserves | 13 | €1,118,440 | €1,563,681 | +€445,241 | +39.8% |
| Distributable reserves | 133 | €1,118,440 | €1,563,681 | +€445,241 | +39.8% |
| Amounts payable | 17/49 | €368,745 | €368,889 | +€144 | 0.0% |
| Amounts payable after more than one year | 17 | €183,898 | €153,195 | -€30,703 | -16.7% |
| Financial debts | 170/4 | €183,898 | €153,195 | -€30,703 | -16.7% |
| Amounts payable within one year | 42/48 | €181,151 | €211,451 | +€30,299 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €29,397 | €30,703 | +€1,306 | +4.4% |
| Trade debts | 44 | €93,425 | €119,745 | +€26,321 | +28.2% |
| Suppliers | 440/4 | €93,425 | €119,745 | +€26,321 | +28.2% |
| Taxes, remuneration and social security | 45 | €47,800 | €49,471 | +€1,671 | +3.5% |
| Taxes | 450/3 | €37,979 | €36,618 | -€1,361 | -3.6% |
| Remuneration and social security | 454/9 | €9,821 | €12,854 | +€3,032 | +30.9% |
| Other amounts payable | 47/48 | €10,530 | €11,531 | +€1,001 | +9.5% |
| Accrued charges and deferred income | 492/3 | €3,696 | €4,244 | +€548 | +14.8% |
| Non-recurring operating income | 76A | €63,619 | €23,302 | -€40,317 | -63.4% |
| Remuneration, social security and pensions | 62 | €172,157 | €178,567 | +€6,410 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,751 | €93,245 | +€15,495 | +19.9% |
| Non-recurring operating charges | 66A | €80,355 | €2,378 | -€77,977 | -97.0% |
| Gross operating margin | 9900 | €1,018,534 | €1,099,323 | +€80,789 | +7.9% |
| Operating profit (loss) | 9901 | €688,271 | €825,132 | +€136,861 | +19.9% |
| Financial income | 75/76B | €993 | €1,380 | +€386 | +38.9% |
| Recurring financial income | 75 | €993 | €1,380 | +€386 | +38.9% |
| Financial charges | 65/66B | €15,998 | €15,271 | -€727 | -4.5% |
| Recurring financial charges | 65 | €15,998 | €15,271 | -€727 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €673,266 | €811,240 | +€137,974 | +20.5% |
| Income taxes | 67/77 | €206,862 | €253,000 | +€46,138 | +22.3% |
| Profit (loss) for the period | 9904 | €466,405 | €558,241 | +€91,836 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €466,405 | €558,241 | +€91,836 | +19.7% |
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 10 October 2026 via checked.be.