HK TRADING: 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 TRADING
Largest movements
- Cash +€4,673
up €4,673 (+106%), from €4,427 to €9,099
mainly Tax, wage and social debts (+€8,503) and Trade debts (+€3,307)
- Financial fixed assets +€1,240
new in 2023: €1,240
- Formation expenses -€263
no longer reported in 2023 (was €263)
- Tax, wage and social debts +€8,503
up €8,503 (+1,986%), from €428 to €8,931
of which Taxes: +€4,337
- Profit (loss) carried forward -€6,160
down €6,160 (-162%), from -€3,795 to -€9,955
- Trade debts +€3,307
up €3,307 (+86.7%), from €3,816 to €7,123
- Purchases and services +€47,536
up €47,536 (+887%), from €5,360 to €52,896
- Turnover +€47,083
up €47,083 (+567%), from €8,307 to €55,390
- Other operating charges +€8,082
new in 2023: €8,082
- Staff costs -€6,129
down €6,129 (-97.8%), from €6,265 to €136
- Gross operating margin -€713
down €713 (-22.2%), from €3,207 to €2,494
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 | €4,949 | €10,599 | +€5,650 | +114% |
| Formation expenses | 20 | €263 | - | -€263 | |
| Fixed assets | 21/28 | - | €1,240 | +€1,240 | |
| Financial fixed assets | 28 | - | €1,240 | +€1,240 | |
| Current assets | 29/58 | €4,687 | €9,359 | +€4,673 | +99.7% |
| Stocks and contracts in progress | 3 | €260 | €260 | = | 0.0% |
| Stocks | 30/36 | €260 | €260 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,427 | €9,099 | +€4,673 | +106% |
| Total equity and liabilities | 10/49 | €4,949 | €10,599 | +€5,650 | +114% |
| Equity | 10/15 | €705 | -€5,455 | -€6,160 | |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Contributions outside capital | 11 | €4,500 | €4,500 | = | 0.0% |
| Other | 1109/19 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,795 | -€9,955 | -€6,160 | -162% |
| Amounts payable | 17/49 | €4,244 | €16,054 | +€11,810 | +278% |
| Amounts payable within one year | 42/48 | €4,244 | €16,054 | +€11,810 | +278% |
| Trade debts | 44 | €3,816 | €7,123 | +€3,307 | +86.7% |
| Suppliers | 440/4 | €3,816 | €7,123 | +€3,307 | +86.7% |
| Taxes, remuneration and social security | 45 | €428 | €8,931 | +€8,503 | +1,986% |
| Taxes | 450/3 | €428 | €4,765 | +€4,337 | +1,013% |
| Remuneration and social security | 454/9 | - | €4,166 | +€4,166 | |
| Turnover | 70 | €8,307 | €55,390 | +€47,083 | +567% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,360 | €52,896 | +€47,536 | +887% |
| Remuneration, social security and pensions | 62 | €6,265 | €136 | -€6,129 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €736 | €263 | -€474 | -64.3% |
| Other operating charges | 640/8 | - | €8,082 | +€8,082 | |
| Gross operating margin | 9900 | €3,207 | €2,494 | -€713 | -22.2% |
| Operating profit (loss) | 9901 | -€3,795 | -€5,987 | -€2,192 | -57.8% |
| Financial charges | 65/66B | - | €173 | +€173 | |
| Recurring financial charges | 65 | - | €173 | +€173 | |
| Profit (loss) for the period before taxes | 9903 | -€3,795 | -€6,160 | -€2,365 | -62.3% |
| Profit (loss) for the period | 9904 | -€3,795 | -€6,160 | -€2,365 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,795 | -€6,160 | -€2,365 | -62.3% |
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 20 October 2026 via checked.be.