HK MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€72,573
up €72,573 (+201%), from €36,118 to €108,691
of which Other amounts receivable: +€73,981
- Receivables after one year -€30,000
down €30,000 (-10.6%), from €284,319 to €254,319
- Deferred charges and accrued income -€5,879
no longer reported in 2023 (was €5,879)
- Reserves +€36,803
up €36,803 (+18.1%), from €203,578 to €240,381
of which Distributable reserves: +€36,803
- Financial income +€4,481
up €4,481 (+78.8%), from €5,686 to €10,168
- Taxes +€4,000
up €4,000 (+25.0%), from €16,000 to €20,000
- Depreciation +€703
up €703 (+320%), from €220 to €923
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,679 | €365,447 | +€35,768 | +10.8% |
| Fixed assets | 21/28 | €2,549 | €1,626 | -€923 | -36.2% |
| Tangible fixed assets | 22/27 | €2,549 | €1,626 | -€923 | -36.2% |
| Furniture and vehicles | 24 | €2,549 | €1,626 | -€923 | -36.2% |
| Current assets | 29/58 | €327,130 | €363,821 | +€36,691 | +11.2% |
| Amounts receivable after more than one year | 29 | €284,319 | €254,319 | -€30,000 | -10.6% |
| Other amounts receivable | 291 | €284,319 | €254,319 | -€30,000 | -10.6% |
| Amounts receivable within one year | 40/41 | €36,118 | €108,691 | +€72,573 | +201% |
| Trade receivables | 40 | €2,717 | €1,309 | -€1,408 | -51.8% |
| Other amounts receivable | 41 | €33,401 | €107,382 | +€73,981 | +221% |
| Cash at bank and in hand | 54/58 | €814 | €811 | -€3 | -0.4% |
| Deferred charges and accrued income | 490/1 | €5,879 | - | -€5,879 | |
| Total equity and liabilities | 10/49 | €329,679 | €365,447 | +€35,768 | +10.8% |
| Equity | 10/15 | €247,679 | €284,482 | +€36,803 | +14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €203,578 | €240,381 | +€36,803 | +18.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €201,718 | €238,521 | +€36,803 | +18.2% |
| Profit (loss) carried forward | 14 | €37,901 | €37,901 | = | 0.0% |
| Amounts payable | 17/49 | €82,000 | €80,965 | -€1,035 | -1.3% |
| Amounts payable after more than one year | 17 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 178/9 | €1,200 | €1,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €80,476 | €79,765 | -€711 | -0.9% |
| Financial debts | 43 | €23,920 | €24,724 | +€804 | +3.4% |
| Credit institutions | 430/8 | €23,920 | €24,724 | +€804 | +3.4% |
| Trade debts | 44 | €3,760 | €187 | -€3,573 | -95.0% |
| Suppliers | 440/4 | €3,760 | €187 | -€3,573 | -95.0% |
| Taxes, remuneration and social security | 45 | €52,795 | €54,853 | +€2,058 | +3.9% |
| Taxes | 450/3 | €50,620 | €54,853 | +€4,233 | +8.4% |
| Remuneration and social security | 454/9 | €2,176 | - | -€2,176 | |
| Accrued charges and deferred income | 492/3 | €324 | - | -€324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | €923 | +€703 | +320% |
| Other operating charges | 640/8 | €595 | €829 | +€234 | +39.4% |
| Gross operating margin | 9900 | €51,616 | €51,706 | +€90 | +0.2% |
| Operating profit (loss) | 9901 | €50,801 | €49,954 | -€847 | -1.7% |
| Financial income | 75/76B | €5,686 | €10,168 | +€4,481 | +78.8% |
| Recurring financial income | 75 | €5,686 | €10,168 | +€4,481 | +78.8% |
| Financial charges | 65/66B | €3,167 | €3,319 | +€152 | +4.8% |
| Recurring financial charges | 65 | €3,167 | €3,319 | +€152 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €53,320 | €56,803 | +€3,482 | +6.5% |
| Income taxes | 67/77 | €16,000 | €20,000 | +€4,000 | +25.0% |
| Profit (loss) for the period | 9904 | €37,320 | €36,803 | -€518 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,320 | €36,803 | -€518 | -1.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.