H.M.K.: what changed
What changed
H.M.K.
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€510,469
2024 · €348,442+€162,027
Equity
€2.4m
2024 · €2.4m+€3,199
Cash
€759,736
2024 · €571,742+€187,994
Balance sheet total
€2.9m
2024 · €2.5m+€398,961
Largest movements
Assets
- Cash +€187,994
up €187,994 (+32.9%), from €571,742 to €759,736
mainly Net result for the year (+€510,469) and Other debts (+€500,000)
- Receivables within one year +€110,493
up €110,493 (+22.7%), from €486,168 to €596,661
of which Other amounts receivable: +€75,173
- Tangible fixed assets +€96,097
up €96,097 (+7.1%), from €1.4m to €1.5m
of which Furniture and vehicles: +€196,213
Equity and liabilities
- Other debts +€500,000
new in 2025: €500,000
- Trade debts -€100,389
down €100,389 (-75.3%), from €133,268 to €32,879
Income statement
- Depreciation -€114,652
down €114,652 (-30.3%), from €378,915 to €264,262
- Gross operating margin +€69,880
up €69,880 (+7.3%), from €956,995 to €1.0m
- Taxes +€36,073
up €36,073 (+34.1%), from €105,815 to €141,888
- Financial income +€34,727
up €34,727 (+60.5%), from €57,384 to €92,111
- Staff costs +€18,010
up €18,010 (+11.5%), from €156,179 to €174,189
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€348,442
Gross operating margin
+€69,880
Staff costs
-€18,010
Depreciation
+€114,652
Other operating charges
-€3,215
Financial income
+€34,727
Financial charges
+€67
Taxes
-€36,073
Result 2025
€510,469
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.1m
Investment
-€360,359
Financing
-€507,270
Cash 2024
€571,742
From operations (derived)
+€1.1m
Net result for the year
+€510,469
Depreciation
+€264,262
Stocks and contracts
-€4,378
Receivables within one year
-€110,493
Trade debts
-€100,389
Tax, wage and social debts
-€3,849
Other debts
+€500,000
Investment (derived)
-€360,359
Investment in fixed assets (net)
-€360,359
Financing
-€507,270
Contributions, distributions and other
-€507,270
Cash 2025
€759,736
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,527,845 | €2,926,806 | +€398,961 | +15.8% |
| Fixed assets | 21/28 | €1,359,605 | €1,455,701 | +€96,097 | +7.1% |
| Tangible fixed assets | 22/27 | €1,359,605 | €1,455,701 | +€96,097 | +7.1% |
| Land and buildings | 22 | €1,006,560 | €923,355 | -€83,204 | -8.3% |
| Plant, machinery and equipment | 23 | €54,615 | €37,703 | -€16,912 | -31.0% |
| Furniture and vehicles | 24 | €298,430 | €494,643 | +€196,213 | +65.7% |
| Current assets | 29/58 | €1,168,240 | €1,471,105 | +€302,865 | +25.9% |
| Stocks and contracts in progress | 3 | €110,330 | €114,708 | +€4,378 | +4.0% |
| Stocks | 30/36 | €110,330 | €114,708 | +€4,378 | +4.0% |
| Amounts receivable within one year | 40/41 | €486,168 | €596,661 | +€110,493 | +22.7% |
| Trade receivables | 40 | €434,659 | €469,979 | +€35,320 | +8.1% |
| Other amounts receivable | 41 | €51,509 | €126,682 | +€75,173 | +146% |
| Cash at bank and in hand | 54/58 | €571,742 | €759,736 | +€187,994 | +32.9% |
| Total equity and liabilities | 10/49 | €2,527,845 | €2,926,806 | +€398,961 | +15.8% |
| Equity | 10/15 | €2,368,192 | €2,371,391 | +€3,199 | +0.1% |
| Contributions | 10/11 | €601,000 | €601,000 | = | 0.0% |
| Capital | 10 | €601,000 | €601,000 | = | 0.0% |
| Issued capital | 100 | €601,000 | €601,000 | = | 0.0% |
| Reserves | 13 | €75,100 | €75,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,100 | €60,100 | = | 0.0% |
| Legal reserve | 130 | €60,100 | €60,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,646,940 | €1,657,409 | +€10,469 | +0.6% |
| Investment grants | 15 | €45,152 | €37,882 | -€7,270 | -16.1% |
| Provisions and deferred taxes | 16 | €3,500 | €3,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,500 | €3,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,500 | €3,500 | = | 0.0% |
| Amounts payable | 17/49 | €156,153 | €551,915 | +€395,762 | +253% |
| Amounts payable within one year | 42/48 | €156,111 | €551,873 | +€395,762 | +254% |
| Trade debts | 44 | €133,268 | €32,879 | -€100,389 | -75.3% |
| Suppliers | 440/4 | €133,268 | €32,879 | -€100,389 | -75.3% |
| Taxes, remuneration and social security | 45 | €22,843 | €18,993 | -€3,849 | -16.9% |
| Taxes | 450/3 | €6,689 | €874 | -€5,815 | -86.9% |
| Remuneration and social security | 454/9 | €16,154 | €18,119 | +€1,965 | +12.2% |
| Other amounts payable | 47/48 | - | €500,000 | +€500,000 | |
| Accrued charges and deferred income | 492/3 | €42 | €42 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €156,179 | €174,189 | +€18,010 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €378,915 | €264,262 | -€114,652 | -30.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €24,877 | €28,092 | +€3,215 | +12.9% |
| Gross operating margin | 9900 | €956,995 | €1,026,875 | +€69,880 | +7.3% |
| Operating profit (loss) | 9901 | €397,025 | €560,331 | +€163,306 | +41.1% |
| Financial income | 75/76B | €57,384 | €92,111 | +€34,727 | +60.5% |
| Recurring financial income | 75 | €57,384 | €92,111 | +€34,727 | +60.5% |
| Financial charges | 65/66B | €152 | €85 | -€67 | -44.1% |
| Recurring financial charges | 65 | €152 | €85 | -€67 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €454,257 | €652,357 | +€198,100 | +43.6% |
| Income taxes | 67/77 | €105,815 | €141,888 | +€36,073 | +34.1% |
| Profit (loss) for the period | 9904 | €348,442 | €510,469 | +€162,027 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €348,442 | €510,469 | +€162,027 | +46.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.