HK BUSINESS: what changed
HK BUSINESS
Largest movements
- Stocks and contracts -€74,614
down €74,614 (-98.4%), from €75,814 to €1,200
- Receivables within one year +€43,404
up €43,404 (+58.5%), from €74,238 to €117,642
of which Trade receivables: +€53,473
- Cash -€28,107
down €28,107 (-85.8%), from €32,765 to €4,658
mainly Receivables within one year (-€43,404) and Trade debts (-€28,699)
- Trade debts -€28,699
down €28,699 (-27.0%), from €106,115 to €77,416
- Profit (loss) carried forward -€26,233
down €26,233 (-285%), from -€9,194 to -€35,428
- Other debts -€3,031
down €3,031 (-5.1%), from €59,475 to €56,444
- Gross operating margin -€14,864
down €14,864 (-221%), from -€6,716 to -€21,579
- Other operating charges +€1,439
up €1,439 (+85.7%), from €1,679 to €3,118
- Depreciation +€397
new in 2024: €397
- Financial charges +€339
up €339 (+42.5%), from €799 to €1,138
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,817 | €124,854 | -€57,963 | -31.7% |
| Fixed assets | 21/28 | - | €1,354 | +€1,354 | |
| Tangible fixed assets | 22/27 | - | €1,354 | +€1,354 | |
| Furniture and vehicles | 24 | - | €1,354 | +€1,354 | |
| Current assets | 29/58 | €182,817 | €123,500 | -€59,317 | -32.4% |
| Stocks and contracts in progress | 3 | €75,814 | €1,200 | -€74,614 | -98.4% |
| Stocks | 30/36 | €75,814 | €1,200 | -€74,614 | -98.4% |
| Amounts receivable within one year | 40/41 | €74,238 | €117,642 | +€43,404 | +58.5% |
| Trade receivables | 40 | €63,900 | €117,373 | +€53,473 | +83.7% |
| Other amounts receivable | 41 | €10,338 | €269 | -€10,070 | -97.4% |
| Cash at bank and in hand | 54/58 | €32,765 | €4,658 | -€28,107 | -85.8% |
| Total equity and liabilities | 10/49 | €182,817 | €124,854 | -€57,963 | -31.7% |
| Equity | 10/15 | €10,806 | -€15,428 | -€26,233 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,194 | -€35,428 | -€26,233 | -285% |
| Amounts payable | 17/49 | €172,011 | €140,281 | -€31,730 | -18.4% |
| Amounts payable within one year | 42/48 | €172,011 | €140,281 | -€31,730 | -18.4% |
| Trade debts | 44 | €106,115 | €77,416 | -€28,699 | -27.0% |
| Suppliers | 440/4 | €106,115 | €77,416 | -€28,699 | -27.0% |
| Taxes, remuneration and social security | 45 | €6,421 | €6,421 | = | 0.0% |
| Taxes | 450/3 | €6,421 | €6,421 | = | 0.0% |
| Other amounts payable | 47/48 | €59,475 | €56,444 | -€3,031 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €397 | +€397 | |
| Other operating charges | 640/8 | €1,679 | €3,118 | +€1,439 | +85.7% |
| Gross operating margin | 9900 | -€6,716 | -€21,579 | -€14,864 | -221% |
| Operating profit (loss) | 9901 | -€8,395 | -€25,095 | -€16,700 | -199% |
| Financial charges | 65/66B | €799 | €1,138 | +€339 | +42.5% |
| Recurring financial charges | 65 | €799 | €1,138 | +€339 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,194 | -€26,233 | -€17,039 | -185% |
| Profit (loss) for the period | 9904 | -€9,194 | -€26,233 | -€17,039 | -185% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,194 | -€26,233 | -€17,039 | -185% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.