HKG: 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.
HKG
Largest movements
- Cash +€10,496
up €10,496 (+446.5%), from €2,351 to €12,847
mainly Depreciation (+€7,222) and Net result for the year (+€7,162)
- Tangible fixed assets -€4,365
down €4,365 (-14.7%), from €29,778 to €25,413
of which Plant, machinery and equipment: -€3,865
- Receivables within one year -€3,608
down €3,608 (-56.1%), from €6,436 to €2,828
of which Trade receivables: -€3,608
- Intangible fixed assets -€2,857
down €2,857 (-19.2%), from €14,857 to €12,000
- Debts after one year -€7,970
down €7,970 (-62.5%), from €12,746 to €4,777
- Profit (loss) carried forward +€7,162
up €7,162 (+46.1%), from €15,540 to €22,702
- Tax, wage and social debts +€4,963
up €4,963 (+67.3%), from €7,373 to €12,336
of which Remuneration and social security: +€6,684
- Trade debts -€3,499
down €3,499 (-100.0%), from €3,499 to €0
- Other debts -€1,090
down €1,090 (-24.0%), from €4,552 to €3,462
- Gross operating margin +€19,618
up €19,618 (+37.9%), from €51,774 to €71,392
- Staff costs +€10,406
up €10,406 (+26.4%), from €39,449 to €49,855
- Taxes +€1,425
up €1,425 (+238.2%), from €598 to €2,023
- Other operating charges +€1,085
up €1,085 (+53.0%), from €2,046 to €3,131
- Financial charges +€902
up €902 (+82.1%), from €1,098 to €2,000
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 | €54,412 | €54,246 | -€165 | -0.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €44,636 | €37,413 | -€7,222 | -16.2% |
| Intangible fixed assets | 21 | €14,857 | €12,000 | -€2,857 | -19.2% |
| Tangible fixed assets | 22/27 | €29,778 | €25,413 | -€4,365 | -14.7% |
| Plant, machinery and equipment | 23 | €29,178 | €25,313 | -€3,865 | -13.2% |
| Furniture and vehicles | 24 | €600 | €100 | -€500 | -83.3% |
| Current assets | 29/58 | €9,776 | €16,833 | +€7,057 | +72.2% |
| Amounts receivable within one year | 40/41 | €6,436 | €2,828 | -€3,608 | -56.1% |
| Trade receivables | 40 | €6,436 | €2,828 | -€3,608 | -56.1% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €2,351 | €12,847 | +€10,496 | +446.5% |
| Deferred charges and accrued income | 490/1 | €989 | €1,158 | +€169 | +17.1% |
| Total equity and liabilities | 10/49 | €54,412 | €54,246 | -€165 | -0.3% |
| Equity | 10/15 | €18,540 | €25,702 | +€7,162 | +38.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,540 | €22,702 | +€7,162 | +46.1% |
| Amounts payable | 17/49 | €35,872 | €28,544 | -€7,328 | -20.4% |
| Amounts payable after more than one year | 17 | €12,746 | €4,777 | -€7,970 | -62.5% |
| Financial debts | 170/4 | €12,746 | €4,777 | -€7,970 | -62.5% |
| Amounts payable within one year | 42/48 | €23,126 | €23,768 | +€642 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €7,701 | €7,970 | +€268 | +3.5% |
| Trade debts | 44 | €3,499 | €0 | -€3,499 | -100.0% |
| Suppliers | 440/4 | €3,499 | €0 | -€3,499 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,373 | €12,336 | +€4,963 | +67.3% |
| Taxes | 450/3 | €5,130 | €3,410 | -€1,721 | -33.5% |
| Remuneration and social security | 454/9 | €2,243 | €8,927 | +€6,684 | +298.0% |
| Other amounts payable | 47/48 | €4,552 | €3,462 | -€1,090 | -24.0% |
| Remuneration, social security and pensions | 62 | €39,449 | €49,855 | +€10,406 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,958 | €7,222 | +€264 | +3.8% |
| Other operating charges | 640/8 | €2,046 | €3,131 | +€1,085 | +53.0% |
| Gross operating margin | 9900 | €51,774 | €71,392 | +€19,618 | +37.9% |
| Operating profit (loss) | 9901 | €3,322 | €11,185 | +€7,863 | +236.7% |
| Financial income | 75/76B | €2 | €1 | -€2 | -74.2% |
| Recurring financial income | 75 | €2 | €1 | -€2 | -74.2% |
| Financial charges | 65/66B | €1,098 | €2,000 | +€902 | +82.1% |
| Recurring financial charges | 65 | €1,098 | €2,000 | +€902 | +82.1% |
| Profit (loss) for the period before taxes | 9903 | €2,226 | €9,185 | +€6,960 | +312.7% |
| Income taxes | 67/77 | €598 | €2,023 | +€1,425 | +238.2% |
| Profit (loss) for the period | 9904 | €1,627 | €7,162 | +€5,535 | +340.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,627 | €7,162 | +€5,535 | +340.1% |
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 10 October 2026 via checked.be.