HAKKI KOROGLU: what changed
Two fiscal 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.
HAKKI KOROGLU
Largest movements
- Tangible fixed assets +€46,396
up €46,396 (+800.4%), from €5,797 to €52,193
of which Plant, machinery and equipment: +€33,393
- Receivables within one year -€25,000
no longer reported in 2025 (was €25,000)
- Cash -€24,132
down €24,132 (-33.0%), from €73,178 to €49,046
mainly Investment in fixed assets (net) (-€33,276) and Net result for the year (-€22,172)
- Intangible fixed assets -€20,726
down €20,726 (-100.0%), from €20,726 to €0
- Deferred charges and accrued income -€6,000
no longer reported in 2025 (was €6,000)
- Profit (loss) carried forward -€22,172
down €22,172 (-84.2%), from €26,341 to €4,169
- Tax, wage and social debts -€7,378
down €7,378 (-79.5%), from €9,280 to €1,902
of which Remuneration and social security: -€6,737
- Staff costs -€32,738
down €32,738 (-96.5%), from €33,939 to €1,201
- Gross operating margin -€28,273
down €28,273 (-63.6%), from €44,428 to €16,155
- Depreciation +€4,219
up €4,219 (+124.6%), from €3,387 to €7,605
- Financial charges -€2,900
down €2,900 (-95.4%), from €3,039 to €140
- Other operating charges +€1,883
up €1,883 (+193.1%), from €975 to €2,858
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 | €135,980 | €106,519 | -€29,461 | -21.7% |
| Fixed assets | 21/28 | €31,802 | €57,473 | +€25,671 | +80.7% |
| Intangible fixed assets | 21 | €20,726 | €0 | -€20,726 | -100.0% |
| Tangible fixed assets | 22/27 | €5,797 | €52,193 | +€46,396 | +800.4% |
| Plant, machinery and equipment | 23 | €5,797 | €39,190 | +€33,393 | +576.1% |
| Leasing and similar rights | 25 | - | €13,003 | +€13,003 | |
| Financial fixed assets | 28 | €5,280 | €5,280 | = | 0.0% |
| Current assets | 29/58 | €104,178 | €49,046 | -€55,132 | -52.9% |
| Amounts receivable within one year | 40/41 | €25,000 | - | -€25,000 | |
| Trade receivables | 40 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €73,178 | €49,046 | -€24,132 | -33.0% |
| Deferred charges and accrued income | 490/1 | €6,000 | - | -€6,000 | |
| Total equity and liabilities | 10/49 | €135,980 | €106,519 | -€29,461 | -21.7% |
| Equity | 10/15 | €124,937 | €102,766 | -€22,172 | -17.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €78,596 | €78,596 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €76,596 | €76,596 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,341 | €4,169 | -€22,172 | -84.2% |
| Amounts payable | 17/49 | €11,043 | €3,753 | -€7,290 | -66.0% |
| Amounts payable within one year | 42/48 | €11,043 | €3,753 | -€7,290 | -66.0% |
| Trade debts | 44 | €1,763 | €1,851 | +€88 | +5.0% |
| Suppliers | 440/4 | €1,763 | €1,851 | +€88 | +5.0% |
| Taxes, remuneration and social security | 45 | €9,280 | €1,902 | -€7,378 | -79.5% |
| Taxes | 450/3 | €805 | €165 | -€640 | -79.5% |
| Remuneration and social security | 454/9 | €8,474 | €1,737 | -€6,737 | -79.5% |
| Remuneration, social security and pensions | 62 | €33,939 | €1,201 | -€32,738 | -96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,387 | €7,605 | +€4,219 | +124.6% |
| Other operating charges | 640/8 | €975 | €2,858 | +€1,883 | +193.1% |
| Non-recurring operating charges | 66A | - | €26,522 | +€26,522 | |
| Gross operating margin | 9900 | €44,428 | €16,155 | -€28,273 | -63.6% |
| Operating profit (loss) | 9901 | €6,126 | -€22,032 | -€28,158 | |
| Financial charges | 65/66B | €3,039 | €140 | -€2,900 | -95.4% |
| Recurring financial charges | 65 | €3,039 | €140 | -€2,900 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | €3,087 | -€22,172 | -€25,259 | |
| Profit (loss) for the period | 9904 | €3,087 | -€22,172 | -€25,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,087 | -€22,172 | -€25,259 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.