HK SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Tangible fixed assets +€24,530
up €24,530 (+9.0%), from €272,204 to €296,734
of which Leasing and similar rights: +€36,489
- Cash +€18,985
up €18,985 (+165.2%), from €11,489 to €30,473
mainly Depreciation (+€36,664) and Net result for the year (+€18,328)
- Deferred charges and accrued income -€12,852
down €12,852 (-48.0%), from €26,776 to €13,925
- Receivables within one year +€6,931
up €6,931 (+14.9%), from €46,524 to €53,454
of which Other amounts receivable: +€8,712
- Profit (loss) carried forward +€18,328
up €18,328 (+26.1%), from €70,129 to €88,457
- Current portion of long-term debt +€14,989
up €14,989 (+59.5%), from €25,190 to €40,180
- Tax, wage and social debts -€13,431
down €13,431 (-90.2%), from €14,891 to €1,460
of which Taxes: -€13,575
- Contributions +€10,000
up €10,000 (+161.3%), from €6,200 to €16,200
- Debts after one year +€9,542
up €9,542 (+4.1%), from €232,920 to €242,462
- Gross operating margin +€59,484
up €59,484 (+180.5%), from €32,959 to €92,443
- Taxes +€10,440
up €10,440 (+759.5%), from €1,375 to €11,814
- Depreciation +€7,995
up €7,995 (+27.9%), from €28,669 to €36,664
- Other operating charges +€3,152
up €3,152 (+185.2%), from €1,702 to €4,854
- Financial charges +€2,272
up €2,272 (+40.6%), from €5,596 to €7,868
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.
Cash bridge derived
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 | €356,993 | €394,587 | +€37,594 | +10.5% |
| Fixed assets | 21/28 | €272,204 | €296,734 | +€24,530 | +9.0% |
| Tangible fixed assets | 22/27 | €272,204 | €296,734 | +€24,530 | +9.0% |
| Land and buildings | 22 | €215,566 | €202,491 | -€13,074 | -6.1% |
| Furniture and vehicles | 24 | €56,638 | €57,754 | +€1,115 | +2.0% |
| Leasing and similar rights | 25 | - | €36,489 | +€36,489 | |
| Current assets | 29/58 | €84,789 | €97,853 | +€13,064 | +15.4% |
| Amounts receivable within one year | 40/41 | €46,524 | €53,454 | +€6,931 | +14.9% |
| Trade receivables | 40 | €28,189 | €26,408 | -€1,781 | -6.3% |
| Other amounts receivable | 41 | €18,335 | €27,047 | +€8,712 | +47.5% |
| Cash at bank and in hand | 54/58 | €11,489 | €30,473 | +€18,985 | +165.2% |
| Deferred charges and accrued income | 490/1 | €26,776 | €13,925 | -€12,852 | -48.0% |
| Total equity and liabilities | 10/49 | €356,993 | €394,587 | +€37,594 | +10.5% |
| Equity | 10/15 | €77,621 | €105,949 | +€28,328 | +36.5% |
| Contributions | 10/11 | €6,200 | €16,200 | +€10,000 | +161.3% |
| Outside capital | 11 | - | €16,200 | +€16,200 | |
| Other | 1109/19 | - | €16,200 | +€16,200 | |
| Reserves | 13 | €1,292 | €1,292 | = | 0.0% |
| Distributable reserves | 133 | €1,292 | €1,292 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,129 | €88,457 | +€18,328 | +26.1% |
| Amounts payable | 17/49 | €279,372 | €288,638 | +€9,266 | +3.3% |
| Amounts payable after more than one year | 17 | €232,920 | €242,462 | +€9,542 | +4.1% |
| Financial debts | 170/4 | €232,920 | €242,462 | +€9,542 | +4.1% |
| Amounts payable within one year | 42/48 | €45,474 | €45,958 | +€484 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €25,190 | €40,180 | +€14,989 | +59.5% |
| Trade debts | 44 | €391 | €4,319 | +€3,928 | +1005.9% |
| Suppliers | 440/4 | €391 | €4,319 | +€3,928 | +1005.9% |
| Taxes, remuneration and social security | 45 | €14,891 | €1,460 | -€13,431 | -90.2% |
| Taxes | 450/3 | €14,891 | €1,316 | -€13,575 | -91.2% |
| Remuneration and social security | 454/9 | - | €144 | +€144 | |
| Other amounts payable | 47/48 | €5,003 | - | -€5,003 | |
| Accrued charges and deferred income | 492/3 | €978 | €218 | -€760 | -77.7% |
| Non-recurring operating income | 76A | €1,014 | €12,000 | +€10,986 | +1083.2% |
| Remuneration, social security and pensions | 62 | - | €1,291 | +€1,291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,669 | €36,664 | +€7,995 | +27.9% |
| Other operating charges | 640/8 | €1,702 | €4,854 | +€3,152 | +185.2% |
| Non-recurring operating charges | 66A | €3,158 | €11,629 | +€8,471 | +268.2% |
| Gross operating margin | 9900 | €32,959 | €92,443 | +€59,484 | +180.5% |
| Operating profit (loss) | 9901 | -€570 | €38,005 | +€38,575 | |
| Financial income | 75/76B | €688 | €5 | -€683 | -99.3% |
| Recurring financial income | 75 | €688 | €5 | -€683 | -99.3% |
| Financial charges | 65/66B | €5,596 | €7,868 | +€2,272 | +40.6% |
| Recurring financial charges | 65 | €5,596 | €7,868 | +€2,272 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,479 | €30,142 | +€35,620 | |
| Income taxes | 67/77 | €1,375 | €11,814 | +€10,440 | +759.5% |
| Profit (loss) for the period | 9904 | -€6,853 | €18,328 | +€25,181 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,853 | €18,328 | +€25,181 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.