HJK: 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.
HJK
Largest movements
- Receivables within one year +€25,296
up €25,296 (+2613.2%), from €968 to €26,264
of which Other amounts receivable: +€25,054
- Cash -€20,293
down €20,293 (-82.0%), from €24,747 to €4,454
mainly Receivables within one year (-€25,296) and Net result for the year (-€6,625)
- Tangible fixed assets -€10,191
down €10,191 (-18.8%), from €54,160 to €43,969
of which Furniture and vehicles: -€6,504
- Profit (loss) carried forward -€6,625
down €6,625 (-33.6%), from -€19,692 to -€26,317
- Other debts +€1,500
up €1,500 (+81.1%), from €1,849 to €3,349
- Gross operating margin +€6,466
up €6,466, from -€2,565 to €3,902
- Depreciation +€2,333
up €2,333 (+29.7%), from €7,858 to €10,191
- Financial charges +€41
up €41 (+108.0%), from €38 to €78
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 | €79,875 | €74,687 | -€5,188 | -6.5% |
| Fixed assets | 21/28 | €54,160 | €43,969 | -€10,191 | -18.8% |
| Tangible fixed assets | 22/27 | €54,160 | €43,969 | -€10,191 | -18.8% |
| Plant, machinery and equipment | 23 | €26,661 | €22,974 | -€3,688 | -13.8% |
| Furniture and vehicles | 24 | €27,499 | €20,995 | -€6,504 | -23.7% |
| Current assets | 29/58 | €25,715 | €30,718 | +€5,003 | +19.5% |
| Amounts receivable within one year | 40/41 | €968 | €26,264 | +€25,296 | +2613.2% |
| Trade receivables | 40 | €968 | €1,210 | +€242 | +25.0% |
| Other amounts receivable | 41 | - | €25,054 | +€25,054 | |
| Cash at bank and in hand | 54/58 | €24,747 | €4,454 | -€20,293 | -82.0% |
| Total equity and liabilities | 10/49 | €79,875 | €74,687 | -€5,188 | -6.5% |
| Equity | 10/15 | -€1,482 | -€8,107 | -€6,625 | -447.1% |
| Contributions | 10/11 | €18,210 | €18,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,692 | -€26,317 | -€6,625 | -33.6% |
| Amounts payable | 17/49 | €81,357 | €82,794 | +€1,437 | +1.8% |
| Amounts payable after more than one year | 17 | €79,347 | €79,347 | = | 0.0% |
| Financial debts | 170/4 | €79,347 | €79,347 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,010 | €3,447 | +€1,437 | +71.5% |
| Trade debts | 44 | - | €98 | +€98 | |
| Suppliers | 440/4 | - | €98 | +€98 | |
| Taxes, remuneration and social security | 45 | €161 | - | -€161 | |
| Taxes | 450/3 | €161 | - | -€161 | |
| Other amounts payable | 47/48 | €1,849 | €3,349 | +€1,500 | +81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,858 | €10,191 | +€2,333 | +29.7% |
| Other operating charges | 640/8 | €249 | €257 | +€8 | +3.2% |
| Gross operating margin | 9900 | -€2,565 | €3,902 | +€6,466 | |
| Operating profit (loss) | 9901 | -€10,672 | -€6,547 | +€4,125 | +38.7% |
| Financial charges | 65/66B | €38 | €78 | +€41 | +108.0% |
| Recurring financial charges | 65 | €38 | €78 | +€41 | +108.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,710 | -€6,625 | +€4,085 | +38.1% |
| Profit (loss) for the period | 9904 | -€10,710 | -€6,625 | +€4,085 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,710 | -€6,625 | +€4,085 | +38.1% |
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 3 October 2026 via checked.be.