HBK-GROUP: 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.
HBK-GROUP
Largest movements
- Receivables within one year +€19,523
up €19,523 (+388%), from €5,032 to €24,555
of which Trade receivables: +€21,899
- Tangible fixed assets -€3,167
down €3,167 (-30.1%), from €10,533 to €7,367
- Cash -€358
down €358 (-35.0%), from €1,023 to €665
mainly Receivables within one year (-€19,523) and Other debts (-€6,004)
- Profit (loss) carried forward +€15,041
up €15,041 (+2,574%), from €584 to €15,626
- Tax, wage and social debts +€6,255
new in 2024: €6,255
- Other debts -€6,004
down €6,004 (-40.0%), from €15,004 to €9,000
- Trade debts +€707
new in 2024: €707
- Gross operating margin +€15,018
up €15,018 (+95.9%), from €15,654 to €30,672
- Taxes +€6,255
new in 2024: €6,255
- Depreciation +€1,458
up €1,458 (+27.7%), from €5,267 to €6,725
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 | €16,588 | €32,587 | +€15,999 | +96.4% |
| Fixed assets | 21/28 | €10,533 | €7,367 | -€3,167 | -30.1% |
| Tangible fixed assets | 22/27 | €10,533 | €7,367 | -€3,167 | -30.1% |
| Furniture and vehicles | 24 | €10,533 | €7,367 | -€3,167 | -30.1% |
| Current assets | 29/58 | €6,055 | €25,220 | +€19,166 | +317% |
| Amounts receivable within one year | 40/41 | €5,032 | €24,555 | +€19,523 | +388% |
| Trade receivables | 40 | €180 | €22,079 | +€21,899 | +12,166% |
| Other amounts receivable | 41 | €4,852 | €2,476 | -€2,376 | -49.0% |
| Cash at bank and in hand | 54/58 | €1,023 | €665 | -€358 | -35.0% |
| Total equity and liabilities | 10/49 | €16,588 | €32,587 | +€15,999 | +96.4% |
| Equity | 10/15 | €1,584 | €16,626 | +€15,041 | +949% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €584 | €15,626 | +€15,041 | +2,574% |
| Amounts payable | 17/49 | €15,004 | €15,961 | +€958 | +6.4% |
| Amounts payable within one year | 42/48 | €15,004 | €15,961 | +€958 | +6.4% |
| Trade debts | 44 | - | €707 | +€707 | |
| Suppliers | 440/4 | - | €707 | +€707 | |
| Taxes, remuneration and social security | 45 | - | €6,255 | +€6,255 | |
| Taxes | 450/3 | - | €6,255 | +€6,255 | |
| Other amounts payable | 47/48 | €15,004 | €9,000 | -€6,004 | -40.0% |
| Remuneration, social security and pensions | 62 | €73 | - | -€73 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,267 | €6,725 | +€1,458 | +27.7% |
| Other operating charges | 640/8 | €621 | €853 | +€232 | +37.4% |
| Non-recurring operating charges | 66A | - | €1,592 | +€1,592 | |
| Gross operating margin | 9900 | €15,654 | €30,672 | +€15,018 | +95.9% |
| Operating profit (loss) | 9901 | €9,695 | €21,503 | +€11,808 | +122% |
| Financial charges | 65/66B | €110 | €207 | +€97 | +88.1% |
| Recurring financial charges | 65 | €110 | €207 | +€97 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | €9,584 | €21,296 | +€11,711 | +122% |
| Income taxes | 67/77 | - | €6,255 | +€6,255 | |
| Profit (loss) for the period | 9904 | €9,584 | €15,041 | +€5,457 | +56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,584 | €15,041 | +€5,457 | +56.9% |
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 18 October 2026 via checked.be.