HK ing: 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 ing
Largest movements
- Receivables within one year +€14,663
up €14,663 (+1,116%), from €1,313 to €15,976
- Tangible fixed assets -€13,593
down €13,593 (-33.8%), from €40,212 to €26,619
of which Furniture and vehicles: -€15,272
- Cash -€7,867
down €7,867 (-11.1%), from €70,683 to €62,816
mainly Contributions, distributions and other (-€65,000) and Other debts (-€15,778)
- Other debts -€15,778
down €15,778 (-18.3%), from €86,040 to €70,262
- Tax, wage and social debts +€12,955
up €12,955 (+173%), from €7,506 to €20,461
- Reserves +€6,971
up €6,971 (+730%), from €955 to €7,925
- Debts after one year -€5,716
down €5,716 (-100%), from €5,716 to €0
- Current portion of long-term debt -€5,637
down €5,637 (-49.7%), from €11,353 to €5,716
- Gross operating margin +€9,520
up €9,520 (+9.7%), from €98,257 to €107,777
- Depreciation +€2,306
up €2,306 (+17.2%), from €13,387 to €15,693
- Taxes +€1,700
up €1,700 (+10.0%), from €17,051 to €18,751
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 | €113,714 | €106,830 | -€6,883 | -6.1% |
| Fixed assets | 21/28 | €40,212 | €26,619 | -€13,593 | -33.8% |
| Tangible fixed assets | 22/27 | €40,212 | €26,619 | -€13,593 | -33.8% |
| Plant, machinery and equipment | 23 | €727 | €2,406 | +€1,679 | +231% |
| Furniture and vehicles | 24 | €39,485 | €24,213 | -€15,272 | -38.7% |
| Current assets | 29/58 | €73,502 | €80,212 | +€6,710 | +9.1% |
| Amounts receivable within one year | 40/41 | €1,313 | €15,976 | +€14,663 | +1,116% |
| Trade receivables | 40 | €1,313 | €15,976 | +€14,663 | +1,116% |
| Cash at bank and in hand | 54/58 | €70,683 | €62,816 | -€7,867 | -11.1% |
| Deferred charges and accrued income | 490/1 | €1,505 | €1,419 | -€86 | -5.7% |
| Total equity and liabilities | 10/49 | €113,714 | €106,830 | -€6,883 | -6.1% |
| Equity | 10/15 | €1,955 | €8,925 | +€6,971 | +357% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €955 | €7,925 | +€6,971 | +730% |
| Distributable reserves | 133 | €955 | €7,925 | +€6,971 | +730% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €111,759 | €97,905 | -€13,854 | -12.4% |
| Amounts payable after more than one year | 17 | €5,716 | €0 | -€5,716 | -100% |
| Financial debts | 170/4 | €5,716 | €0 | -€5,716 | -100% |
| Amounts payable within one year | 42/48 | €106,044 | €97,905 | -€8,138 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €11,353 | €5,716 | -€5,637 | -49.7% |
| Trade debts | 44 | €1,145 | €1,467 | +€322 | +28.1% |
| Suppliers | 440/4 | €1,145 | €1,467 | +€322 | +28.1% |
| Taxes, remuneration and social security | 45 | €7,506 | €20,461 | +€12,955 | +173% |
| Taxes | 450/3 | €7,506 | €20,461 | +€12,955 | +173% |
| Other amounts payable | 47/48 | €86,040 | €70,262 | -€15,778 | -18.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,387 | €15,693 | +€2,306 | +17.2% |
| Other operating charges | 640/8 | €865 | €1,197 | +€332 | +38.4% |
| Gross operating margin | 9900 | €98,257 | €107,777 | +€9,520 | +9.7% |
| Operating profit (loss) | 9901 | €84,005 | €90,887 | +€6,882 | +8.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €266 | €166 | -€100 | -37.7% |
| Recurring financial charges | 65 | €266 | €166 | -€100 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €83,739 | €90,721 | +€6,983 | +8.3% |
| Income taxes | 67/77 | €17,051 | €18,751 | +€1,700 | +10.0% |
| Profit (loss) for the period | 9904 | €66,688 | €71,971 | +€5,283 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,688 | €71,971 | +€5,283 | +7.9% |
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 13 October 2026 via checked.be.