H.K.M. RECORDS: 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.M. RECORDS
Largest movements
- Cash +€376,000
up €376,000 (+240%), from €156,744 to €532,744
mainly Current investments (+€250,000) and Trade debts (+€140,826)
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Trade debts +€140,826
up €140,826 (+166%), from €84,627 to €225,453
- Tax, wage and social debts -€26,243
no longer reported in 2025 (was €26,243)
- Profit (loss) carried forward +€7,657
up €7,657 (+2.7%), from €282,130 to €289,786
- Gross operating margin -€108,019
down €108,019 (-92.9%), from €116,316 to €8,297
- Taxes -€26,690
down €26,690 (-91.3%), from €29,243 to €2,552
- Write-downs -€11,048
no longer reported in 2025 (was €11,048)
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 | €461,199 | €584,266 | +€123,067 | +26.7% |
| Current assets | 29/58 | €461,199 | €584,266 | +€123,067 | +26.7% |
| Amounts receivable within one year | 40/41 | €54,455 | €51,523 | -€2,933 | -5.4% |
| Trade receivables | 40 | €18,352 | €8,706 | -€9,647 | -52.6% |
| Other amounts receivable | 41 | €36,103 | €42,817 | +€6,714 | +18.6% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €156,744 | €532,744 | +€376,000 | +240% |
| Total equity and liabilities | 10/49 | €461,199 | €584,266 | +€123,067 | +26.7% |
| Equity | 10/15 | €350,330 | €357,986 | +€7,657 | +2.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282,130 | €289,786 | +€7,657 | +2.7% |
| Amounts payable | 17/49 | €110,870 | €226,280 | +€115,410 | +104% |
| Amounts payable within one year | 42/48 | €110,870 | €226,280 | +€115,410 | +104% |
| Trade debts | 44 | €84,627 | €225,453 | +€140,826 | +166% |
| Suppliers | 440/4 | €84,627 | €225,453 | +€140,826 | +166% |
| Advances received on contracts in progress | 46 | - | €827 | +€827 | |
| Taxes, remuneration and social security | 45 | €26,243 | - | -€26,243 | |
| Taxes | 450/3 | €26,243 | - | -€26,243 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,048 | - | -€11,048 | |
| Gross operating margin | 9900 | €116,316 | €8,297 | -€108,019 | -92.9% |
| Operating profit (loss) | 9901 | €105,268 | €8,297 | -€96,970 | -92.1% |
| Financial income | 75/76B | €1,456 | €2,173 | +€717 | +49.2% |
| Recurring financial income | 75 | €1,456 | €2,173 | +€717 | +49.2% |
| Financial charges | 65/66B | €287 | €261 | -€25 | -8.9% |
| Recurring financial charges | 65 | €287 | €261 | -€25 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €106,437 | €10,209 | -€96,228 | -90.4% |
| Income taxes | 67/77 | €29,243 | €2,552 | -€26,690 | -91.3% |
| Profit (loss) for the period | 9904 | €77,194 | €7,657 | -€69,538 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,194 | €7,657 | -€69,538 | -90.1% |
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 28 October 2026 via checked.be.