HK-Tech Projects: 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-Tech Projects
Largest movements
- Cash -€59,845
down €59,845 (-49.3%), from €121,269 to €61,424
mainly Receivables within one year (-€49,453) and Investment in fixed assets (net) (-€28,750)
- Receivables within one year +€49,453
up €49,453 (+134.7%), from €36,719 to €86,172
of which Trade receivables: +€44,977
- Tangible fixed assets +€20,849
up €20,849 (+115.1%), from €18,111 to €38,960
of which Furniture and vehicles: +€22,608
- Tax, wage and social debts +€12,739
up €12,739 (+125.8%), from €10,130 to €22,869
of which Remuneration and social security: +€18,989
- Accrued charges and deferred income -€2,378
down €2,378 (-61.3%), from €3,878 to €1,500
- Trade debts -€1,978
down €1,978 (-2.6%), from €74,649 to €72,672
- Staff costs +€44,571
up €44,571 (+693.1%), from €6,431 to €51,002
- Gross operating margin +€22,653
up €22,653 (+57.8%), from €39,172 to €61,825
- Taxes -€6,339
down €6,339 (-85.5%), from €7,411 to €1,073
- Depreciation +€2,442
up €2,442 (+44.7%), from €5,458 to €7,901
- Other operating charges -€874
down €874 (-32.0%), from €2,730 to €1,856
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 | €179,326 | €189,883 | +€10,557 | +5.9% |
| Fixed assets | 21/28 | €19,011 | €39,860 | +€20,849 | +109.7% |
| Tangible fixed assets | 22/27 | €18,111 | €38,960 | +€20,849 | +115.1% |
| Plant, machinery and equipment | 23 | €6,203 | €4,444 | -€1,759 | -28.4% |
| Furniture and vehicles | 24 | €11,908 | €34,516 | +€22,608 | +189.9% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €160,315 | €150,022 | -€10,293 | -6.4% |
| Amounts receivable within one year | 40/41 | €36,719 | €86,172 | +€49,453 | +134.7% |
| Trade receivables | 40 | €34,185 | €79,162 | +€44,977 | +131.6% |
| Other amounts receivable | 41 | €2,533 | €7,010 | +€4,476 | +176.7% |
| Cash at bank and in hand | 54/58 | €121,269 | €61,424 | -€59,845 | -49.3% |
| Deferred charges and accrued income | 490/1 | €2,327 | €2,426 | +€99 | +4.3% |
| Total equity and liabilities | 10/49 | €179,326 | €189,883 | +€10,557 | +5.9% |
| Equity | 10/15 | €88,333 | €88,135 | -€198 | -0.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €67,000 | €67,000 | = | 0.0% |
| Distributable reserves | 133 | €67,000 | €67,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,333 | €20,135 | -€198 | -1.0% |
| Amounts payable | 17/49 | €90,993 | €101,747 | +€10,755 | +11.8% |
| Amounts payable within one year | 42/48 | €87,115 | €100,247 | +€13,132 | +15.1% |
| Trade debts | 44 | €74,649 | €72,672 | -€1,978 | -2.6% |
| Suppliers | 440/4 | €74,649 | €72,672 | -€1,978 | -2.6% |
| Advances received on contracts in progress | 46 | - | €1,638 | +€1,638 | |
| Taxes, remuneration and social security | 45 | €10,130 | €22,869 | +€12,739 | +125.8% |
| Taxes | 450/3 | €7,300 | €1,050 | -€6,250 | -85.6% |
| Remuneration and social security | 454/9 | €2,830 | €21,819 | +€18,989 | +671.0% |
| Other amounts payable | 47/48 | €2,336 | €3,069 | +€733 | +31.4% |
| Accrued charges and deferred income | 492/3 | €3,878 | €1,500 | -€2,378 | -61.3% |
| Remuneration, social security and pensions | 62 | €6,431 | €51,002 | +€44,571 | +693.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,458 | €7,901 | +€2,442 | +44.7% |
| Other operating charges | 640/8 | €2,730 | €1,856 | -€874 | -32.0% |
| Gross operating margin | 9900 | €39,172 | €61,825 | +€22,653 | +57.8% |
| Operating profit (loss) | 9901 | €24,552 | €1,066 | -€23,486 | -95.7% |
| Financial income | 75/76B | €223 | €9 | -€214 | -96.0% |
| Recurring financial income | 75 | €223 | €9 | -€214 | -96.0% |
| Financial charges | 65/66B | €50 | €200 | +€150 | +301.0% |
| Recurring financial charges | 65 | €50 | €200 | +€150 | +301.0% |
| Profit (loss) for the period before taxes | 9903 | €24,726 | €875 | -€23,851 | -96.5% |
| Income taxes | 67/77 | €7,411 | €1,073 | -€6,339 | -85.5% |
| Profit (loss) for the period | 9904 | €17,314 | -€198 | -€17,512 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,314 | -€198 | -€17,512 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.