HK GOLD: 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 GOLD
Largest movements
- Tangible fixed assets -€6,849
down €6,849 (-27.2%), from €25,178 to €18,329
of which Plant, machinery and equipment: -€3,938
- Receivables within one year -€4,754
down €4,754 (-42.4%), from €11,203 to €6,449
of which Trade receivables: -€4,774
- Profit (loss) carried forward -€22,386
down €22,386 (-289%), from -€7,739 to -€30,125
- Trade debts +€7,636
up €7,636 (+75.7%), from €10,093 to €17,728
- Other debts +€5,098
up €5,098 (+16,407%), from €31 to €5,129
- Tax, wage and social debts -€2,000
down €2,000 (-47.0%), from €4,255 to €2,255
- Gross operating margin -€13,288
down €13,288, from €807 to -€12,481
- Other operating charges +€3,018
new in 2025: €3,018
- Financial income -€2,932
down €2,932 (-97.7%), from €3,000 to €68
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 | €36,640 | €24,987 | -€11,653 | -31.8% |
| Fixed assets | 21/28 | €25,376 | €18,467 | -€6,909 | -27.2% |
| Tangible fixed assets | 22/27 | €25,178 | €18,329 | -€6,849 | -27.2% |
| Plant, machinery and equipment | 23 | €10,137 | €6,199 | -€3,938 | -38.9% |
| Furniture and vehicles | 24 | €3,994 | €2,519 | -€1,475 | -36.9% |
| Other tangible fixed assets | 26 | €11,047 | €9,611 | -€1,435 | -13.0% |
| Financial fixed assets | 28 | €198 | €138 | -€60 | -30.3% |
| Current assets | 29/58 | €11,264 | €6,519 | -€4,745 | -42.1% |
| Amounts receivable within one year | 40/41 | €11,203 | €6,449 | -€4,754 | -42.4% |
| Trade receivables | 40 | €10,334 | €5,560 | -€4,774 | -46.2% |
| Other amounts receivable | 41 | €869 | €889 | +€20 | +2.3% |
| Cash at bank and in hand | 54/58 | €3 | €1 | -€2 | -56.6% |
| Deferred charges and accrued income | 490/1 | €58 | €69 | +€12 | +20.1% |
| Total equity and liabilities | 10/49 | €36,640 | €24,987 | -€11,653 | -31.8% |
| Equity | 10/15 | €22,261 | -€125 | -€22,386 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,739 | -€30,125 | -€22,386 | -289% |
| Amounts payable | 17/49 | €14,378 | €25,111 | +€10,733 | +74.6% |
| Amounts payable within one year | 42/48 | €14,378 | €25,111 | +€10,733 | +74.6% |
| Trade debts | 44 | €10,093 | €17,728 | +€7,636 | +75.7% |
| Suppliers | 440/4 | €10,093 | €17,728 | +€7,636 | +75.7% |
| Taxes, remuneration and social security | 45 | €4,255 | €2,255 | -€2,000 | -47.0% |
| Taxes | 450/3 | €4,255 | €2,255 | -€2,000 | -47.0% |
| Other amounts payable | 47/48 | €31 | €5,129 | +€5,098 | +16,407% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,849 | €6,849 | = | 0.0% |
| Other operating charges | 640/8 | - | €3,018 | +€3,018 | |
| Non-recurring operating charges | 66A | €4,978 | - | -€4,978 | |
| Gross operating margin | 9900 | €807 | -€12,481 | -€13,288 | |
| Operating profit (loss) | 9901 | -€11,020 | -€22,348 | -€11,328 | -103% |
| Financial income | 75/76B | €3,000 | €68 | -€2,932 | -97.7% |
| Recurring financial income | 75 | €3,000 | €68 | -€2,932 | -97.7% |
| Financial charges | 65/66B | €57 | €106 | +€49 | +85.1% |
| Recurring financial charges | 65 | €57 | €106 | +€49 | +85.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,077 | -€22,386 | -€14,309 | -177% |
| Profit (loss) for the period | 9904 | -€8,077 | -€22,386 | -€14,309 | -177% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,077 | -€22,386 | -€14,309 | -177% |
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 20 October 2026 via checked.be.