HK Renovation Projects: 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 Renovation Projects
Largest movements
- Cash -€1,998
down €1,998 (-40.7%), from €4,907 to €2,909
mainly Net result for the year (-€2,118)
- Profit (loss) carried forward -€2,118
down €2,118 (-14.8%), from -€14,336 to -€16,454
- Financial income -€750
no longer reported in 2025 (was €750)
- Financial charges -€84
down €84 (-60.9%), from €138 to €54
- Gross operating margin +€20
up €20 (+1.2%), from -€1,564 to -€1,545
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 | €30,657 | €28,659 | -€1,998 | -6.5% |
| Current assets | 29/58 | €30,657 | €28,659 | -€1,998 | -6.5% |
| Amounts receivable within one year | 40/41 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 41 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,907 | €2,909 | -€1,998 | -40.7% |
| Deferred charges and accrued income | 490/1 | €750 | €750 | = | 0.0% |
| Total equity and liabilities | 10/49 | €30,657 | €28,659 | -€1,998 | -6.5% |
| Equity | 10/15 | €4,264 | €2,146 | -€2,118 | -49.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,336 | -€16,454 | -€2,118 | -14.8% |
| Amounts payable | 17/49 | €26,393 | €26,514 | +€120 | +0.5% |
| Amounts payable within one year | 42/48 | €26,393 | €26,514 | +€120 | +0.5% |
| Trade debts | 44 | €243 | €363 | +€120 | +49.5% |
| Suppliers | 440/4 | €243 | €363 | +€120 | +49.5% |
| Taxes, remuneration and social security | 45 | €232 | €232 | = | 0.0% |
| Taxes | 450/3 | €232 | €232 | = | 0.0% |
| Other amounts payable | 47/48 | €25,918 | €25,918 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€1,564 | -€1,545 | +€20 | +1.2% |
| Operating profit (loss) | 9901 | -€2,070 | -€2,064 | +€5 | +0.2% |
| Financial income | 75/76B | €750 | - | -€750 | |
| Recurring financial income | 75 | €750 | - | -€750 | |
| Financial charges | 65/66B | €138 | €54 | -€84 | -60.9% |
| Recurring financial charges | 65 | €138 | €54 | -€84 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,458 | -€2,118 | -€661 | -45.3% |
| Profit (loss) for the period | 9904 | -€1,458 | -€2,118 | -€661 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,458 | -€2,118 | -€661 | -45.3% |
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 30 October 2026 via checked.be.