H & K: 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.
H & K
Largest movements
- Receivables within one year -€5,708
down €5,708 (-27.3%), from €20,903 to €15,195
of which Trade receivables: -€5,635
- Tangible fixed assets -€606
down €606 (-17.4%), from €3,488 to €2,882
of which Plant, machinery and equipment: -€398
- Profit (loss) carried forward -€3,033
down €3,033 (-0.8%), from -€362,173 to -€365,206
- Other debts -€2,434
down €2,434 (-1.5%), from €165,502 to €163,068
- Advances received -€1,483
no longer reported in 2025 (was €1,483)
- Trade debts +€587
up €587 (+6.3%), from €9,315 to €9,902
- Gross operating margin -€5,362
down €5,362, from €3,053 to -€2,309
- Depreciation -€836
down €836 (-58.0%), from €1,442 to €606
- Other operating charges -€248
no longer reported in 2025 (was €248)
- Financial charges -€189
down €189 (-56.6%), from €334 to €145
- Financial income +€91
up €91 (+8,545%), from €1 to €93
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 | €24,591 | €18,295 | -€6,296 | -25.6% |
| Fixed assets | 21/28 | €3,488 | €2,882 | -€606 | -17.4% |
| Tangible fixed assets | 22/27 | €3,488 | €2,882 | -€606 | -17.4% |
| Plant, machinery and equipment | 23 | €2,405 | €2,006 | -€398 | -16.6% |
| Furniture and vehicles | 24 | €1,083 | €875 | -€208 | -19.2% |
| Current assets | 29/58 | €21,104 | €15,413 | -€5,690 | -27.0% |
| Amounts receivable within one year | 40/41 | €20,903 | €15,195 | -€5,708 | -27.3% |
| Trade receivables | 40 | €20,572 | €14,937 | -€5,635 | -27.4% |
| Other amounts receivable | 41 | €330 | €258 | -€73 | -22.0% |
| Cash at bank and in hand | 54/58 | €201 | €218 | +€17 | +8.7% |
| Total equity and liabilities | 10/49 | €24,591 | €18,295 | -€6,296 | -25.6% |
| Equity | 10/15 | -€343,573 | -€346,606 | -€3,033 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€362,173 | -€365,206 | -€3,033 | -0.8% |
| Amounts payable | 17/49 | €368,164 | €364,901 | -€3,263 | -0.9% |
| Amounts payable after more than one year | 17 | €191,593 | €191,593 | = | 0.0% |
| Financial debts | 170/4 | €191,593 | €191,593 | = | 0.0% |
| Amounts payable within one year | 42/48 | €176,571 | €173,308 | -€3,263 | -1.8% |
| Trade debts | 44 | €9,315 | €9,902 | +€587 | +6.3% |
| Suppliers | 440/4 | €9,315 | €9,902 | +€587 | +6.3% |
| Advances received on contracts in progress | 46 | €1,483 | - | -€1,483 | |
| Taxes, remuneration and social security | 45 | €271 | €337 | +€66 | +24.4% |
| Taxes | 450/3 | €271 | €337 | +€66 | +24.4% |
| Other amounts payable | 47/48 | €165,502 | €163,068 | -€2,434 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,442 | €606 | -€836 | -58.0% |
| Other operating charges | 640/8 | €248 | - | -€248 | |
| Gross operating margin | 9900 | €3,053 | -€2,309 | -€5,362 | |
| Operating profit (loss) | 9901 | €1,364 | -€2,915 | -€4,278 | |
| Financial income | 75/76B | €1 | €93 | +€91 | +8,545% |
| Recurring financial income | 75 | €1 | €93 | +€91 | +8,545% |
| Financial charges | 65/66B | €334 | €145 | -€189 | -56.6% |
| Recurring financial charges | 65 | €334 | €145 | -€189 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €1,031 | -€2,967 | -€3,998 | |
| Income taxes | 67/77 | €140 | €66 | -€73 | -52.6% |
| Profit (loss) for the period | 9904 | €891 | -€3,033 | -€3,924 | |
| Profit (loss) for the period to be appropriated | 9905 | €891 | -€3,033 | -€3,924 |
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.