HKB Law: what changed
HKB Law
Largest movements
- Cash +€73,753
up €73,753 (+164%), from €44,849 to €118,602
mainly Net result for the year (+€55,258) and Tax, wage and social debts (+€12,676)
- Tangible fixed assets -€4,300
down €4,300 (-23.5%), from €18,316 to €14,016
of which Furniture and vehicles: -€3,887
- Profit (loss) carried forward +€55,258
up €55,258 (+123%), from €44,768 to €100,025
- Tax, wage and social debts +€12,676
up €12,676 (+77.7%), from €16,307 to €28,983
of which Taxes: +€13,876
- Trade debts +€1,523
up €1,523 (+133%), from €1,143 to €2,666
- Gross operating margin +€26,199
up €26,199 (+54.3%), from €48,226 to €74,425
- Taxes +€5,381
up €5,381 (+57.1%), from €9,420 to €14,801
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,243 | €133,674 | +€69,431 | +108% |
| Fixed assets | 21/28 | €18,316 | €14,016 | -€4,300 | -23.5% |
| Tangible fixed assets | 22/27 | €18,316 | €14,016 | -€4,300 | -23.5% |
| Furniture and vehicles | 24 | €14,680 | €10,793 | -€3,887 | -26.5% |
| Other tangible fixed assets | 26 | €3,636 | €3,223 | -€413 | -11.4% |
| Current assets | 29/58 | €45,927 | €119,658 | +€73,731 | +161% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €44,849 | €118,602 | +€73,753 | +164% |
| Deferred charges and accrued income | 490/1 | €1,078 | €1,056 | -€22 | -2.0% |
| Total equity and liabilities | 10/49 | €64,243 | €133,674 | +€69,431 | +108% |
| Equity | 10/15 | €46,768 | €102,025 | +€55,258 | +118% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,768 | €100,025 | +€55,258 | +123% |
| Amounts payable | 17/49 | €17,475 | €31,649 | +€14,174 | +81.1% |
| Amounts payable within one year | 42/48 | €17,450 | €31,649 | +€14,199 | +81.4% |
| Trade debts | 44 | €1,143 | €2,666 | +€1,523 | +133% |
| Suppliers | 440/4 | €1,143 | €2,666 | +€1,523 | +133% |
| Taxes, remuneration and social security | 45 | €16,307 | €28,983 | +€12,676 | +77.7% |
| Taxes | 450/3 | €15,107 | €28,983 | +€13,876 | +91.9% |
| Remuneration and social security | 454/9 | €1,200 | €0 | -€1,200 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €26 | €0 | -€26 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,296 | €4,300 | +€3 | +0.1% |
| Other operating charges | 640/8 | €707 | €154 | -€553 | -78.3% |
| Gross operating margin | 9900 | €48,226 | €74,425 | +€26,199 | +54.3% |
| Operating profit (loss) | 9901 | €43,223 | €69,972 | +€26,749 | +61.9% |
| Financial income | 75/76B | €124 | €252 | +€128 | +104% |
| Recurring financial income | 75 | €124 | €252 | +€128 | +104% |
| Financial charges | 65/66B | €38 | €164 | +€126 | +331% |
| Recurring financial charges | 65 | €38 | €164 | +€126 | +331% |
| Profit (loss) for the period before taxes | 9903 | €43,308 | €70,059 | +€26,751 | +61.8% |
| Income taxes | 67/77 | €9,420 | €14,801 | +€5,381 | +57.1% |
| Profit (loss) for the period | 9904 | €33,888 | €55,258 | +€21,370 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,888 | €55,258 | +€21,370 | +63.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.