HFK TRANSPORT: 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.
HFK TRANSPORT
Largest movements
- Receivables within one year +€36,971
up €36,971 (+44.2%), from €83,688 to €120,659
of which Trade receivables: +€23,145
- Cash +€33,361
up €33,361 (+59.9%), from €55,655 to €89,016
mainly Net result for the year (+€46,025) and Tax, wage and social debts (+€16,878)
- Financial fixed assets +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Tangible fixed assets +€3,249
new in 2025: €3,249
- Profit (loss) carried forward +€46,025
up €46,025 (+129%), from €35,607 to €81,632
- Tax, wage and social debts +€16,878
up €16,878 (+60.2%), from €28,041 to €44,919
of which Taxes: +€22,619
- Trade debts +€12,402
up €12,402 (+19.3%), from €64,195 to €76,597
- Other debts +€8,276
new in 2025: €8,276
- Turnover -€671,424
no longer reported in 2025 (was €671,424)
- Purchases and services -€552,954
no longer reported in 2025 (was €552,954)
- Gross operating margin +€354,634
up €354,634 (+299%), from €118,470 to €473,104
- Staff costs +€303,234
up €303,234 (+446%), from €68,036 to €371,270
- Other operating charges +€36,749
up €36,749 (+1,111%), from €3,308 to €40,057
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 | €149,343 | €232,924 | +€83,581 | +56.0% |
| Fixed assets | 21/28 | €10,000 | €23,249 | +€13,249 | +132% |
| Tangible fixed assets | 22/27 | - | €3,249 | +€3,249 | |
| Furniture and vehicles | 24 | - | €3,249 | +€3,249 | |
| Financial fixed assets | 28 | €10,000 | €20,000 | +€10,000 | +100% |
| Current assets | 29/58 | €139,343 | €209,675 | +€70,332 | +50.5% |
| Amounts receivable within one year | 40/41 | €83,688 | €120,659 | +€36,971 | +44.2% |
| Trade receivables | 40 | €83,688 | €106,833 | +€23,145 | +27.7% |
| Other amounts receivable | 41 | - | €13,825 | +€13,825 | |
| Cash at bank and in hand | 54/58 | €55,655 | €89,016 | +€33,361 | +59.9% |
| Total equity and liabilities | 10/49 | €149,343 | €232,924 | +€83,581 | +56.0% |
| Equity | 10/15 | €57,107 | €103,132 | +€46,025 | +80.6% |
| Contributions | 10/11 | €21,500 | €21,500 | = | 0.0% |
| Capital | 10 | - | €21,500 | +€21,500 | |
| Issued capital | 100 | - | €21,500 | +€21,500 | |
| Profit (loss) carried forward | 14 | €35,607 | €81,632 | +€46,025 | +129% |
| Amounts payable | 17/49 | €92,236 | €129,792 | +€37,556 | +40.7% |
| Amounts payable within one year | 42/48 | €92,236 | €129,792 | +€37,556 | +40.7% |
| Trade debts | 44 | €64,195 | €76,597 | +€12,402 | +19.3% |
| Suppliers | 440/4 | €64,195 | €76,597 | +€12,402 | +19.3% |
| Taxes, remuneration and social security | 45 | €28,041 | €44,919 | +€16,878 | +60.2% |
| Taxes | 450/3 | €20,044 | €42,663 | +€22,619 | +113% |
| Remuneration and social security | 454/9 | €7,997 | €2,256 | -€5,741 | -71.8% |
| Other amounts payable | 47/48 | - | €8,276 | +€8,276 | |
| Turnover | 70 | €671,424 | - | -€671,424 | |
| Goods, raw materials, services and sundry goods | 60/61 | €552,954 | - | -€552,954 | |
| Remuneration, social security and pensions | 62 | €68,036 | €371,270 | +€303,234 | +446% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €515 | +€515 | |
| Other operating charges | 640/8 | €3,308 | €40,057 | +€36,749 | +1,111% |
| Non-recurring operating charges | 66A | - | €1,429 | +€1,429 | |
| Gross operating margin | 9900 | €118,470 | €473,104 | +€354,634 | +299% |
| Operating profit (loss) | 9901 | €47,126 | €59,834 | +€12,708 | +27.0% |
| Financial charges | 65/66B | €602 | €280 | -€322 | -53.4% |
| Recurring financial charges | 65 | €602 | €280 | -€322 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €46,524 | €59,553 | +€13,029 | +28.0% |
| Income taxes | 67/77 | €10,917 | €13,529 | +€2,612 | +23.9% |
| Profit (loss) for the period | 9904 | €35,607 | €46,025 | +€10,418 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,607 | €46,025 | +€10,418 | +29.3% |
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 20 October 2026 via checked.be.