HK CONCEPT: 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.
HK CONCEPT
Largest movements
- Intangible fixed assets +€128,685
new in 2025: €128,685
- Stocks and contracts -€42,327
down €42,327 (-37.8%), from €112,117 to €69,790
- Tangible fixed assets -€35,663
down €35,663 (-11.6%), from €307,979 to €272,316
- Receivables within one year -€28,348
down €28,348 (-80.8%), from €35,086 to €6,737
of which Other amounts receivable: -€28,349
- Cash -€17,123
down €17,123 (-16.4%), from €104,643 to €87,520
mainly Investment in fixed assets (net) (-€145,878) and Trade debts (-€74,751)
- Trade debts -€74,751
down €74,751 (-29.1%), from €256,479 to €181,728
- Debts after one year +€46,052
up €46,052 (+16.7%), from €275,917 to €321,969
- Current portion of long-term debt +€22,356
up €22,356 (+104.0%), from €21,504 to €43,860
- Profit (loss) carried forward +€18,264
up €18,264, from -€16,809 to €1,455
- Gross operating margin +€242,914
up €242,914 (+11092.6%), from €2,190 to €245,104
- Staff costs +€133,059
up €133,059 (+1801.7%), from €7,385 to €140,444
- Depreciation +€47,433
up €47,433 (+874.6%), from €5,424 to €52,856
- Financial charges +€31,067
up €31,067 (+1617.3%), from €1,921 to €32,987
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 | €566,717 | €580,293 | +€13,577 | +2.4% |
| Fixed assets | 21/28 | €308,342 | €401,364 | +€93,022 | +30.2% |
| Intangible fixed assets | 21 | - | €128,685 | +€128,685 | |
| Tangible fixed assets | 22/27 | €307,979 | €272,316 | -€35,663 | -11.6% |
| Plant, machinery and equipment | 23 | €307,979 | €272,316 | -€35,663 | -11.6% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €258,375 | €178,930 | -€79,445 | -30.7% |
| Stocks and contracts in progress | 3 | €112,117 | €69,790 | -€42,327 | -37.8% |
| Stocks | 30/36 | €112,117 | €69,790 | -€42,327 | -37.8% |
| Amounts receivable within one year | 40/41 | €35,086 | €6,737 | -€28,348 | -80.8% |
| Trade receivables | 40 | - | €0 | +€0 | |
| Other amounts receivable | 41 | €35,086 | €6,737 | -€28,349 | -80.8% |
| Cash at bank and in hand | 54/58 | €104,643 | €87,520 | -€17,123 | -16.4% |
| Deferred charges and accrued income | 490/1 | €6,529 | €14,882 | +€8,353 | +127.9% |
| Total equity and liabilities | 10/49 | €566,717 | €580,293 | +€13,577 | +2.4% |
| Equity | 10/15 | -€11,809 | €6,455 | +€18,264 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,809 | €1,455 | +€18,264 | |
| Amounts payable | 17/49 | €578,526 | €573,839 | -€4,687 | -0.8% |
| Amounts payable after more than one year | 17 | €275,917 | €321,969 | +€46,052 | +16.7% |
| Financial debts | 170/4 | €275,917 | €321,969 | +€46,052 | +16.7% |
| Amounts payable within one year | 42/48 | €302,609 | €249,754 | -€52,855 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €21,504 | €43,860 | +€22,356 | +104.0% |
| Trade debts | 44 | €256,479 | €181,728 | -€74,751 | -29.1% |
| Suppliers | 440/4 | €256,479 | €181,728 | -€74,751 | -29.1% |
| Taxes, remuneration and social security | 45 | €2,610 | €3,560 | +€950 | +36.4% |
| Remuneration and social security | 454/9 | €2,610 | €3,560 | +€950 | +36.4% |
| Other amounts payable | 47/48 | €22,017 | €20,606 | -€1,410 | -6.4% |
| Accrued charges and deferred income | 492/3 | - | €2,115 | +€2,115 | |
| Remuneration, social security and pensions | 62 | €7,385 | €140,444 | +€133,059 | +1801.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,424 | €52,856 | +€47,433 | +874.6% |
| Other operating charges | 640/8 | €394 | €402 | +€8 | +2.0% |
| Non-recurring operating charges | 66A | - | €200 | +€200 | |
| Gross operating margin | 9900 | €2,190 | €245,104 | +€242,914 | +11092.6% |
| Operating profit (loss) | 9901 | -€11,013 | €51,201 | +€62,214 | |
| Financial income | 75/76B | - | €51 | +€51 | |
| Recurring financial income | 75 | - | €51 | +€51 | |
| Financial charges | 65/66B | €1,921 | €32,987 | +€31,067 | +1617.3% |
| Recurring financial charges | 65 | €1,921 | €32,987 | +€31,067 | +1617.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,934 | €18,264 | +€31,198 | |
| Profit (loss) for the period | 9904 | -€12,934 | €18,264 | +€31,198 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,934 | €18,264 | +€31,198 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.