HK 2000: 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.
HK 2000
Largest movements
- Receivables within one year +€40,695
up €40,695 (+132%), from €30,939 to €71,634
of which Other amounts receivable: +€39,536
- Tangible fixed assets -€25,450
down €25,450 (-33.7%), from €75,540 to €50,089
of which Furniture and vehicles: -€24,189
- Cash -€5,410
no longer reported in 2025 (was €5,410)
mainly Receivables within one year (-€40,695) and Other debts (-€24,718)
- Accrued charges and deferred income +€27,111
up €27,111 (+986%), from €2,750 to €29,861
- Other debts -€24,718
no longer reported in 2025 (was €24,718)
- Reserves +€21,764
up €21,764 (+20.3%), from €107,207 to €128,972
of which Distributable reserves: +€21,764
- Trade debts -€12,701
no longer reported in 2025 (was €12,701)
- Debts after one year -€9,170
no longer reported in 2025 (was €9,170)
- Gross operating margin +€26,820
up €26,820 (+58.9%), from €45,528 to €72,348
- Taxes +€11,422
up €11,422 (+712%), from €1,604 to €13,026
- Financial charges +€10,063
up €10,063 (+1,054%), from €955 to €11,018
- Other operating charges -€4,714
down €4,714 (-81.2%), from €5,803 to €1,089
- Depreciation -€4,432
down €4,432 (-14.8%), from €29,883 to €25,450
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 | €174,945 | €184,780 | +€9,835 | +5.6% |
| Fixed assets | 21/28 | €76,440 | €50,989 | -€25,450 | -33.3% |
| Tangible fixed assets | 22/27 | €75,540 | €50,089 | -€25,450 | -33.7% |
| Plant, machinery and equipment | 23 | €3,683 | €2,762 | -€921 | -25.0% |
| Furniture and vehicles | 24 | €70,836 | €46,646 | -€24,189 | -34.1% |
| Other tangible fixed assets | 26 | €1,021 | €681 | -€340 | -33.3% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €98,506 | €133,791 | +€35,285 | +35.8% |
| Stocks and contracts in progress | 3 | €62,157 | €62,157 | = | 0.0% |
| Stocks | 30/36 | €62,157 | €62,157 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,939 | €71,634 | +€40,695 | +132% |
| Trade receivables | 40 | €26,699 | €27,858 | +€1,159 | +4.3% |
| Other amounts receivable | 41 | €4,240 | €43,776 | +€39,536 | +932% |
| Cash at bank and in hand | 54/58 | €5,410 | - | -€5,410 | |
| Total equity and liabilities | 10/49 | €174,945 | €184,780 | +€9,835 | +5.6% |
| Equity | 10/15 | €125,607 | €147,372 | +€21,764 | +17.3% |
| Contributions | 10/11 | €18,400 | €18,400 | = | 0.0% |
| Reserves | 13 | €107,207 | €128,972 | +€21,764 | +20.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €105,347 | €127,112 | +€21,764 | +20.7% |
| Amounts payable | 17/49 | €49,338 | €37,409 | -€11,929 | -24.2% |
| Amounts payable after more than one year | 17 | €9,170 | - | -€9,170 | |
| Financial debts | 170/4 | €9,170 | - | -€9,170 | |
| Amounts payable within one year | 42/48 | €37,418 | €7,548 | -€29,870 | -79.8% |
| Financial debts | 43 | - | €76 | +€76 | |
| Credit institutions | 430/8 | - | €76 | +€76 | |
| Trade debts | 44 | €12,701 | - | -€12,701 | |
| Suppliers | 440/4 | €12,701 | - | -€12,701 | |
| Taxes, remuneration and social security | 45 | - | €7,472 | +€7,472 | |
| Taxes | 450/3 | - | €7,472 | +€7,472 | |
| Other amounts payable | 47/48 | €24,718 | - | -€24,718 | |
| Accrued charges and deferred income | 492/3 | €2,750 | €29,861 | +€27,111 | +986% |
| Remuneration, social security and pensions | 62 | €1,252 | - | -€1,252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,883 | €25,450 | -€4,432 | -14.8% |
| Other operating charges | 640/8 | €5,803 | €1,089 | -€4,714 | -81.2% |
| Gross operating margin | 9900 | €45,528 | €72,348 | +€26,820 | +58.9% |
| Operating profit (loss) | 9901 | €8,590 | €45,808 | +€37,218 | +433% |
| Financial income | 75/76B | €72 | €0 | -€72 | -100.0% |
| Recurring financial income | 75 | €72 | €0 | -€72 | -100.0% |
| Financial charges | 65/66B | €955 | €11,018 | +€10,063 | +1,054% |
| Recurring financial charges | 65 | €955 | €11,018 | +€10,063 | +1,054% |
| Profit (loss) for the period before taxes | 9903 | €7,707 | €34,790 | +€27,083 | +351% |
| Income taxes | 67/77 | €1,604 | €13,026 | +€11,422 | +712% |
| Profit (loss) for the period | 9904 | €6,103 | €21,764 | +€15,662 | +257% |
| Profit (loss) for the period to be appropriated | 9905 | €6,103 | €21,764 | +€15,662 | +257% |
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 25 October 2026 via checked.be.