HK Evolution: 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 Evolution
Largest movements
- Tangible fixed assets -€8,607
down €8,607 (-29.5%), from €29,180 to €20,573
of which Furniture and vehicles: -€8,424
- Receivables within one year +€8,012
up €8,012 (+198%), from €4,046 to €12,058
of which Trade receivables: +€6,811
- Other debts +€34,199
up €34,199 (+186%), from €18,347 to €52,546
- Profit (loss) carried forward -€28,591
down €28,591 (-811%), from -€3,524 to -€32,116
- Debts after one year -€11,949
down €11,949 (-3.9%), from €307,394 to €295,445
- Gross operating margin -€34,142
down €34,142 (-79.5%), from €42,943 to €8,800
- Other operating charges -€635
down €635 (-64.0%), from €992 to €357
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 | €356,445 | €353,834 | -€2,612 | -0.7% |
| Fixed assets | 21/28 | €344,181 | €335,574 | -€8,607 | -2.5% |
| Tangible fixed assets | 22/27 | €29,180 | €20,573 | -€8,607 | -29.5% |
| Plant, machinery and equipment | 23 | €761 | €578 | -€183 | -24.0% |
| Furniture and vehicles | 24 | €28,419 | €19,995 | -€8,424 | -29.6% |
| Financial fixed assets | 28 | €315,001 | €315,001 | = | 0.0% |
| Current assets | 29/58 | €12,264 | €18,260 | +€5,995 | +48.9% |
| Amounts receivable within one year | 40/41 | €4,046 | €12,058 | +€8,012 | +198% |
| Trade receivables | 40 | €4,046 | €10,857 | +€6,811 | +168% |
| Other amounts receivable | 41 | - | €1,201 | +€1,201 | |
| Cash at bank and in hand | 54/58 | €285 | €299 | +€14 | +4.9% |
| Deferred charges and accrued income | 490/1 | €7,934 | €5,903 | -€2,031 | -25.6% |
| Total equity and liabilities | 10/49 | €356,445 | €353,834 | -€2,612 | -0.7% |
| Equity | 10/15 | €12,846 | -€15,746 | -€28,591 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,370 | €11,370 | = | 0.0% |
| Distributable reserves | 133 | €11,370 | €11,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,524 | -€32,116 | -€28,591 | -811% |
| Amounts payable | 17/49 | €343,600 | €369,580 | +€25,980 | +7.6% |
| Amounts payable after more than one year | 17 | €307,394 | €295,445 | -€11,949 | -3.9% |
| Financial debts | 170/4 | €307,394 | €295,445 | -€11,949 | -3.9% |
| Amounts payable within one year | 42/48 | €36,206 | €71,381 | +€35,175 | +97.2% |
| Current portion of amounts payable after more than one year | 42 | €11,055 | €11,949 | +€894 | +8.1% |
| Trade debts | 44 | €3,692 | €6,886 | +€3,194 | +86.5% |
| Suppliers | 440/4 | €3,692 | €6,886 | +€3,194 | +86.5% |
| Taxes, remuneration and social security | 45 | €3,113 | - | -€3,113 | |
| Taxes | 450/3 | €1,863 | - | -€1,863 | |
| Remuneration and social security | 454/9 | €1,250 | - | -€1,250 | |
| Other amounts payable | 47/48 | €18,347 | €52,546 | +€34,199 | +186% |
| Accrued charges and deferred income | 492/3 | - | €2,754 | +€2,754 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,431 | €8,607 | +€176 | +2.1% |
| Other operating charges | 640/8 | €992 | €357 | -€635 | -64.0% |
| Non-recurring operating charges | 66A | €8,271 | - | -€8,271 | |
| Gross operating margin | 9900 | €42,943 | €8,800 | -€34,142 | -79.5% |
| Operating profit (loss) | 9901 | €25,249 | -€164 | -€25,413 | |
| Financial charges | 65/66B | €28,773 | €28,428 | -€346 | -1.2% |
| Recurring financial charges | 65 | €28,567 | €28,208 | -€359 | -1.3% |
| Non-recurring financial charges | 66B | €207 | €219 | +€13 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,524 | -€28,591 | -€25,067 | -711% |
| Profit (loss) for the period | 9904 | -€3,524 | -€28,591 | -€25,067 | -711% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,524 | -€28,591 | -€25,067 | -711% |
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 14 October 2026 via checked.be.