Hung Wah: 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.
Hung Wah
Largest movements
- Cash -€13,855
down €13,855 (-13.8%), from €100,692 to €86,837
mainly Tax, wage and social debts (-€21,309) and Receivables within one year (-€8,662)
- Receivables within one year +€8,662
up €8,662 (+19.0%), from €45,563 to €54,225
- Tax, wage and social debts -€21,309
down €21,309 (-89.8%), from €23,736 to €2,427
- Reserves +€16,901
up €16,901 (+12.4%), from €136,415 to €153,316
of which Distributable reserves: +€16,901
- Gross operating margin -€10,107
down €10,107 (-28.0%), from €36,101 to €25,994
- Taxes -€4,618
down €4,618 (-44.0%), from €10,508 to €5,889
- Other operating charges -€383
down €383 (-8.3%), from €4,630 to €4,247
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 | €631,550 | €626,730 | -€4,820 | -0.8% |
| Fixed assets | 21/28 | €484,891 | €484,241 | -€650 | -0.1% |
| Tangible fixed assets | 22/27 | €484,891 | €484,241 | -€650 | -0.1% |
| Land and buildings | 22 | €484,891 | €484,241 | -€650 | -0.1% |
| Current assets | 29/58 | €146,659 | €142,489 | -€4,170 | -2.8% |
| Amounts receivable within one year | 40/41 | €45,563 | €54,225 | +€8,662 | +19.0% |
| Other amounts receivable | 41 | €45,563 | €54,225 | +€8,662 | +19.0% |
| Cash at bank and in hand | 54/58 | €100,692 | €86,837 | -€13,855 | -13.8% |
| Deferred charges and accrued income | 490/1 | €405 | €1,427 | +€1,023 | +252.8% |
| Total equity and liabilities | 10/49 | €631,550 | €626,730 | -€4,820 | -0.8% |
| Equity | 10/15 | €607,402 | €624,303 | +€16,901 | +2.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Revaluation surpluses | 12 | €440,000 | €440,000 | = | 0.0% |
| Reserves | 13 | €136,415 | €153,316 | +€16,901 | +12.4% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €133,316 | €150,218 | +€16,901 | +12.7% |
| Amounts payable | 17/49 | €24,148 | €2,427 | -€21,721 | -89.9% |
| Amounts payable within one year | 42/48 | €24,148 | €2,427 | -€21,721 | -89.9% |
| Trade debts | 44 | €412 | - | -€412 | |
| Suppliers | 440/4 | €412 | - | -€412 | |
| Taxes, remuneration and social security | 45 | €23,736 | €2,427 | -€21,309 | -89.8% |
| Taxes | 450/3 | €23,736 | €2,427 | -€21,309 | -89.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €650 | = | 0.0% |
| Other operating charges | 640/8 | €4,630 | €4,247 | -€383 | -8.3% |
| Gross operating margin | 9900 | €36,101 | €25,994 | -€10,107 | -28.0% |
| Operating profit (loss) | 9901 | €30,821 | €21,097 | -€9,724 | -31.6% |
| Financial income | 75/76B | €1,710 | €1,739 | +€29 | +1.7% |
| Recurring financial income | 75 | €1,710 | €1,739 | +€29 | +1.7% |
| Financial charges | 65/66B | €187 | €45 | -€142 | -75.9% |
| Recurring financial charges | 65 | €187 | €45 | -€142 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | €32,345 | €22,791 | -€9,554 | -29.5% |
| Income taxes | 67/77 | €10,508 | €5,889 | -€4,618 | -44.0% |
| Profit (loss) for the period | 9904 | €21,837 | €16,901 | -€4,936 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,837 | €16,901 | -€4,936 | -22.6% |
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 10 October 2026 via checked.be.