HK Trans: 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 Trans
Largest movements
- Receivables within one year +€37,809
up €37,809 (+8.0%), from €474,274 to €512,083
of which Trade receivables: +€53,545
- Cash -€31,375
down €31,375 (-40.4%), from €77,614 to €46,239
mainly Trade debts (-€146,813) and Current portion of long-term debt (-€44,687)
- Financial fixed assets -€18,936
down €18,936 (-12.6%), from €150,478 to €131,542
- Tangible fixed assets -€7,627
no longer reported in 2025 (was €7,627)
- Profit (loss) carried forward +€147,542
up €147,542 (+31.6%), from €466,960 to €614,501
- Trade debts -€146,813
no longer reported in 2025 (was €146,813)
- Current portion of long-term debt -€44,687
no longer reported in 2025 (was €44,687)
- Tax, wage and social debts +€23,829
up €23,829 (+76.7%), from €31,074 to €54,903
- Gross operating margin +€59,311
up €59,311 (+6.0%), from €990,771 to €1.1m
- Taxes +€57,924
new in 2025: €57,924
- Staff costs +€28,841
up €28,841 (+3.7%), from €789,611 to €818,453
- Depreciation -€15,006
down €15,006 (-66.3%), from €22,633 to €7,627
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 | €709,994 | €689,865 | -€20,129 | -2.8% |
| Fixed assets | 21/28 | €158,105 | €131,542 | -€26,563 | -16.8% |
| Tangible fixed assets | 22/27 | €7,627 | - | -€7,627 | |
| Furniture and vehicles | 24 | €7,627 | - | -€7,627 | |
| Financial fixed assets | 28 | €150,478 | €131,542 | -€18,936 | -12.6% |
| Current assets | 29/58 | €551,888 | €558,323 | +€6,434 | +1.2% |
| Amounts receivable within one year | 40/41 | €474,274 | €512,083 | +€37,809 | +8.0% |
| Trade receivables | 40 | €429,212 | €482,757 | +€53,545 | +12.5% |
| Other amounts receivable | 41 | €45,063 | €29,326 | -€15,736 | -34.9% |
| Cash at bank and in hand | 54/58 | €77,614 | €46,239 | -€31,375 | -40.4% |
| Total equity and liabilities | 10/49 | €709,994 | €689,865 | -€20,129 | -2.8% |
| Equity | 10/15 | €487,420 | €634,961 | +€147,542 | +30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €466,960 | €614,501 | +€147,542 | +31.6% |
| Amounts payable | 17/49 | €222,574 | €54,903 | -€167,671 | -75.3% |
| Amounts payable within one year | 42/48 | €222,574 | €54,903 | -€167,671 | -75.3% |
| Current portion of amounts payable after more than one year | 42 | €44,687 | - | -€44,687 | |
| Trade debts | 44 | €146,813 | - | -€146,813 | |
| Suppliers | 440/4 | €146,813 | - | -€146,813 | |
| Taxes, remuneration and social security | 45 | €31,074 | €54,903 | +€23,829 | +76.7% |
| Taxes | 450/3 | €31,074 | €54,903 | +€23,829 | +76.7% |
| Remuneration, social security and pensions | 62 | €789,611 | €818,453 | +€28,841 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,633 | €7,627 | -€15,006 | -66.3% |
| Other operating charges | 640/8 | €23,297 | €15,478 | -€7,818 | -33.6% |
| Gross operating margin | 9900 | €990,771 | €1,050,083 | +€59,311 | +6.0% |
| Operating profit (loss) | 9901 | €155,230 | €208,525 | +€53,294 | +34.3% |
| Financial income | 75/76B | €3,050 | €1,828 | -€1,222 | -40.1% |
| Recurring financial income | 75 | €3,050 | €1,828 | -€1,222 | -40.1% |
| Financial charges | 65/66B | €1,572 | €4,887 | +€3,315 | +210.8% |
| Recurring financial charges | 65 | €1,572 | €4,887 | +€3,315 | +210.8% |
| Profit (loss) for the period before taxes | 9903 | €156,708 | €205,465 | +€48,757 | +31.1% |
| Income taxes | 67/77 | - | €57,924 | +€57,924 | |
| Profit (loss) for the period | 9904 | €156,708 | €147,542 | -€9,166 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €156,708 | €147,542 | -€9,166 | -5.8% |
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 6 October 2026 via checked.be.