HK-TECHNICS: 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-TECHNICS
Largest movements
- Stocks and contracts +€11,978
up €11,978 (+44.0%), from €27,216 to €39,194
- Deferred charges and accrued income +€9,518
up €9,518 (+108%), from €8,846 to €18,364
- Receivables within one year +€6,561
up €6,561 (+44.0%), from €14,896 to €21,457
of which Trade receivables: +€8,844
- Cash +€6,287
up €6,287 (+13.2%), from €47,695 to €53,982
mainly Depreciation (+€37,658) and Net result for the year (+€25,886)
- Reserves +€25,886
up €25,886 (+37.8%), from €68,458 to €94,344
- Trade debts +€7,456
up €7,456 (+66.7%), from €11,183 to €18,639
- Debts after one year -€6,069
down €6,069 (-36.3%), from €16,721 to €10,652
- Other debts +€3,391
up €3,391 (+4.9%), from €69,355 to €72,746
- Gross operating margin +€30,460
up €30,460 (+54.3%), from €56,064 to €86,524
- Staff costs +€13,641
new in 2025: €13,641
- Taxes +€3,554
up €3,554 (+117%), from €3,045 to €6,599
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 | €198,101 | €230,676 | +€32,575 | +16.4% |
| Fixed assets | 21/28 | €99,448 | €97,679 | -€1,769 | -1.8% |
| Tangible fixed assets | 22/27 | €99,448 | €97,679 | -€1,769 | -1.8% |
| Plant, machinery and equipment | 23 | €53,687 | €57,546 | +€3,859 | +7.2% |
| Furniture and vehicles | 24 | €45,761 | €40,133 | -€5,628 | -12.3% |
| Current assets | 29/58 | €98,653 | €132,997 | +€34,344 | +34.8% |
| Stocks and contracts in progress | 3 | €27,216 | €39,194 | +€11,978 | +44.0% |
| Stocks | 30/36 | €27,216 | €39,194 | +€11,978 | +44.0% |
| Amounts receivable within one year | 40/41 | €14,896 | €21,457 | +€6,561 | +44.0% |
| Trade receivables | 40 | €12,613 | €21,457 | +€8,844 | +70.1% |
| Other amounts receivable | 41 | €2,283 | - | -€2,283 | |
| Cash at bank and in hand | 54/58 | €47,695 | €53,982 | +€6,287 | +13.2% |
| Deferred charges and accrued income | 490/1 | €8,846 | €18,364 | +€9,518 | +108% |
| Total equity and liabilities | 10/49 | €198,101 | €230,676 | +€32,575 | +16.4% |
| Equity | 10/15 | €83,458 | €109,344 | +€25,886 | +31.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €68,458 | €94,344 | +€25,886 | +37.8% |
| Distributable reserves | 133 | €68,458 | €94,344 | +€25,886 | +37.8% |
| Amounts payable | 17/49 | €114,643 | €121,332 | +€6,689 | +5.8% |
| Amounts payable after more than one year | 17 | €16,721 | €10,652 | -€6,069 | -36.3% |
| Financial debts | 170/4 | €16,721 | €10,652 | -€6,069 | -36.3% |
| Amounts payable within one year | 42/48 | €97,830 | €110,607 | +€12,777 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €6,315 | €6,564 | +€249 | +3.9% |
| Trade debts | 44 | €11,183 | €18,639 | +€7,456 | +66.7% |
| Suppliers | 440/4 | €11,183 | €18,639 | +€7,456 | +66.7% |
| Taxes, remuneration and social security | 45 | €10,977 | €12,658 | +€1,681 | +15.3% |
| Taxes | 450/3 | €8,977 | €9,796 | +€819 | +9.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,862 | +€862 | +43.1% |
| Other amounts payable | 47/48 | €69,355 | €72,746 | +€3,391 | +4.9% |
| Accrued charges and deferred income | 492/3 | €92 | €73 | -€19 | -20.7% |
| Non-recurring operating income | 76A | €9,658 | €2,173 | -€7,485 | -77.5% |
| Remuneration, social security and pensions | 62 | - | €13,641 | +€13,641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,474 | €37,658 | +€184 | +0.5% |
| Other operating charges | 640/8 | €1,236 | €1,477 | +€241 | +19.5% |
| Gross operating margin | 9900 | €56,064 | €86,524 | +€30,460 | +54.3% |
| Operating profit (loss) | 9901 | €17,354 | €33,748 | +€16,394 | +94.5% |
| Financial charges | 65/66B | €1,541 | €1,263 | -€278 | -18.0% |
| Recurring financial charges | 65 | €1,441 | €1,263 | -€178 | -12.4% |
| Non-recurring financial charges | 66B | €100 | - | -€100 | |
| Profit (loss) for the period before taxes | 9903 | €15,813 | €32,485 | +€16,672 | +105% |
| Income taxes | 67/77 | €3,045 | €6,599 | +€3,554 | +117% |
| Profit (loss) for the period | 9904 | €12,768 | €25,886 | +€13,118 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €12,768 | €25,886 | +€13,118 | +103% |
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 28 October 2026 via checked.be.