H&K DESIGN: 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 DESIGN
Largest movements
- Receivables within one year -€11,918
down €11,918 (-24.4%), from €48,800 to €36,882
of which Trade receivables: -€13,643
- Tangible fixed assets +€6,747
up €6,747 (+431%), from €1,565 to €8,312
of which Furniture and vehicles: +€6,790
- Cash -€6,427
down €6,427 (-68.8%), from €9,342 to €2,915
mainly Trade debts (-€12,007) and Investment in fixed assets (net) (-€10,074)
- Trade debts -€12,007
down €12,007 (-38.2%), from €31,430 to €19,423
- Profit (loss) carried forward +€4,123
up €4,123 (+526%), from €783 to €4,906
- Current portion of long-term debt -€2,619
down €2,619 (-100%), from €2,619 to €0
- Gross operating margin -€25,758
down €25,758 (-73.2%), from €35,189 to €9,431
- Depreciation -€1,918
down €1,918 (-36.6%), from €5,246 to €3,327
- Other operating charges +€770
up €770 (+90.1%), from €855 to €1,625
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,473 | €68,767 | -€11,706 | -14.5% |
| Fixed assets | 21/28 | €1,625 | €8,372 | +€6,747 | +415% |
| Tangible fixed assets | 22/27 | €1,565 | €8,312 | +€6,747 | +431% |
| Plant, machinery and equipment | 23 | €101 | €58 | -€43 | -42.6% |
| Furniture and vehicles | 24 | €1,464 | €8,254 | +€6,790 | +464% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €78,848 | €60,395 | -€18,453 | -23.4% |
| Stocks and contracts in progress | 3 | €20,598 | €20,598 | = | 0.0% |
| Stocks | 30/36 | €1,184 | €1,184 | = | 0.0% |
| Contracts in progress | 37 | €19,414 | €19,414 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,800 | €36,882 | -€11,918 | -24.4% |
| Trade receivables | 40 | €46,648 | €33,005 | -€13,643 | -29.2% |
| Other amounts receivable | 41 | €2,153 | €3,877 | +€1,725 | +80.1% |
| Cash at bank and in hand | 54/58 | €9,342 | €2,915 | -€6,427 | -68.8% |
| Deferred charges and accrued income | 490/1 | €108 | €0 | -€108 | -100% |
| Total equity and liabilities | 10/49 | €80,473 | €68,767 | -€11,706 | -14.5% |
| Equity | 10/15 | €16,983 | €21,106 | +€4,123 | +24.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €783 | €4,906 | +€4,123 | +526% |
| Amounts payable | 17/49 | €63,490 | €47,661 | -€15,829 | -24.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €63,490 | €47,661 | -€15,829 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €2,619 | €0 | -€2,619 | -100% |
| Trade debts | 44 | €31,430 | €19,423 | -€12,007 | -38.2% |
| Suppliers | 440/4 | €31,430 | €19,423 | -€12,007 | -38.2% |
| Taxes, remuneration and social security | 45 | €23,044 | €22,491 | -€553 | -2.4% |
| Taxes | 450/3 | €1,209 | €4,112 | +€2,902 | +240% |
| Remuneration and social security | 454/9 | €21,835 | €18,380 | -€3,455 | -15.8% |
| Other amounts payable | 47/48 | €6,396 | €5,746 | -€650 | -10.2% |
| Remuneration, social security and pensions | 62 | €0 | €39 | +€39 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,246 | €3,327 | -€1,918 | -36.6% |
| Other operating charges | 640/8 | €855 | €1,625 | +€770 | +90.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €35,189 | €9,431 | -€25,758 | -73.2% |
| Operating profit (loss) | 9901 | €29,089 | €4,439 | -€24,650 | -84.7% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.0% |
| Financial charges | 65/66B | €576 | €316 | -€260 | -45.1% |
| Recurring financial charges | 65 | €576 | €316 | -€260 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €28,522 | €4,123 | -€24,399 | -85.5% |
| Profit (loss) for the period | 9904 | €28,522 | €4,123 | -€24,399 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,522 | €4,123 | -€24,399 | -85.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.