WANG & HONG: 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.
WANG & HONG
Largest movements
- Stocks and contracts -€12,000
down €12,000 (-16.2%), from €74,288 to €62,288
- Receivables within one year +€2,193
up €2,193 (+118.4%), from €1,852 to €4,045
of which Trade receivables: +€2,193
- Deferred charges and accrued income -€1,113
down €1,113 (-95.0%), from €1,171 to €59
- Cash -€918
down €918 (-18.8%), from €4,897 to €3,978
mainly Other debts (-€7,784) and Net result for the year (-€3,612)
- Other debts -€7,784
down €7,784 (-12.2%), from €63,664 to €55,880
- Profit (loss) carried forward -€3,612
down €3,612 (-91.3%), from -€3,959 to -€7,571
- Gross operating margin +€4,959
up €4,959 (+64.4%), from -€7,699 to -€2,740
- Other operating charges -€253
down €253 (-21.5%), from €1,177 to €924
- Financial income +€96
up €96 (+12051.3%), from €1 to €97
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 | €82,207 | €70,369 | -€11,838 | -14.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €82,207 | €70,369 | -€11,838 | -14.4% |
| Stocks and contracts in progress | 3 | €74,288 | €62,288 | -€12,000 | -16.2% |
| Stocks | 30/36 | €74,288 | €62,288 | -€12,000 | -16.2% |
| Amounts receivable within one year | 40/41 | €1,852 | €4,045 | +€2,193 | +118.4% |
| Trade receivables | 40 | - | €2,193 | +€2,193 | |
| Other amounts receivable | 41 | €1,852 | €1,852 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,897 | €3,978 | -€918 | -18.8% |
| Deferred charges and accrued income | 490/1 | €1,171 | €59 | -€1,113 | -95.0% |
| Total equity and liabilities | 10/49 | €82,207 | €70,369 | -€11,838 | -14.4% |
| Equity | 10/15 | €16,502 | €12,889 | -€3,612 | -21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,959 | -€7,571 | -€3,612 | -91.3% |
| Amounts payable | 17/49 | €65,706 | €57,480 | -€8,226 | -12.5% |
| Amounts payable within one year | 42/48 | €65,706 | €57,480 | -€8,226 | -12.5% |
| Trade debts | 44 | €546 | €0 | -€546 | -100.0% |
| Suppliers | 440/4 | €546 | €0 | -€546 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,496 | €1,600 | +€104 | +7.0% |
| Taxes | 450/3 | €1,496 | €1,600 | +€104 | +7.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €63,664 | €55,880 | -€7,784 | -12.2% |
| Other operating charges | 640/8 | €1,177 | €924 | -€253 | -21.5% |
| Gross operating margin | 9900 | -€7,699 | -€2,740 | +€4,959 | +64.4% |
| Operating profit (loss) | 9901 | -€8,875 | -€3,664 | +€5,212 | +58.7% |
| Financial income | 75/76B | €1 | €97 | +€96 | +12051.3% |
| Recurring financial income | 75 | €1 | €97 | +€96 | +12051.3% |
| Financial charges | 65/66B | €47 | €46 | -€2 | -3.2% |
| Recurring financial charges | 65 | €47 | €46 | -€2 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,922 | -€3,612 | +€5,310 | +59.5% |
| Profit (loss) for the period | 9904 | -€8,922 | -€3,612 | +€5,310 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,922 | -€3,612 | +€5,310 | +59.5% |
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.