HKM Construct: 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.
HKM Construct
Largest movements
- Cash -€13,741
down €13,741 (-91.5%), from €15,019 to €1,278
mainly Other debts (-€19,760) and Net result for the year (-€8,561)
- Receivables within one year -€7,913
down €7,913 (-21.4%), from €37,025 to €29,112
of which Trade receivables: -€27,319
- Other debts -€19,760
no longer reported in 2024 (was €19,760)
- Profit (loss) carried forward -€8,561
down €8,561 (-40.3%), from €21,257 to €12,696
- Trade debts +€6,667
up €6,667 (+73.8%), from €9,039 to €15,706
of which Bills of exchange payable: +€12,909
- Gross operating margin -€5,200
down €5,200, from €3,228 to -€1,972
- Taxes +€5,125
new in 2024: €5,125
- Other operating charges +€56
up €56 (+4.3%), from €1,296 to €1,352
- Financial charges +€36
up €36 (+156.5%), from €23 to €59
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,056 | €30,402 | -€21,654 | -41.6% |
| Current assets | 29/58 | €52,056 | €30,402 | -€21,654 | -41.6% |
| Stocks and contracts in progress | 3 | €12 | €12 | = | 0.0% |
| Stocks | 30/36 | €12 | €12 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,025 | €29,112 | -€7,913 | -21.4% |
| Trade receivables | 40 | €33,548 | €6,229 | -€27,319 | -81.4% |
| Other amounts receivable | 41 | €3,477 | €22,883 | +€19,406 | +558.1% |
| Cash at bank and in hand | 54/58 | €15,019 | €1,278 | -€13,741 | -91.5% |
| Total equity and liabilities | 10/49 | €52,056 | €30,402 | -€21,654 | -41.6% |
| Equity | 10/15 | €23,257 | €14,696 | -€8,561 | -36.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,257 | €12,696 | -€8,561 | -40.3% |
| Amounts payable | 17/49 | €28,799 | €15,706 | -€13,093 | -45.5% |
| Amounts payable within one year | 42/48 | €28,799 | €15,706 | -€13,093 | -45.5% |
| Trade debts | 44 | €9,039 | €15,706 | +€6,667 | +73.8% |
| Suppliers | 440/4 | €9,039 | €2,797 | -€6,242 | -69.1% |
| Bills of exchange payable | 441 | - | €12,909 | +€12,909 | |
| Other amounts payable | 47/48 | €19,760 | - | -€19,760 | |
| Other operating charges | 640/8 | €1,296 | €1,352 | +€56 | +4.3% |
| Non-recurring operating charges | 66A | €1,692 | €53 | -€1,639 | -96.9% |
| Gross operating margin | 9900 | €3,228 | -€1,972 | -€5,200 | |
| Operating profit (loss) | 9901 | €240 | -€3,377 | -€3,617 | |
| Financial charges | 65/66B | €23 | €59 | +€36 | +156.5% |
| Recurring financial charges | 65 | €23 | €59 | +€36 | +156.5% |
| Profit (loss) for the period before taxes | 9903 | €217 | -€3,436 | -€3,653 | |
| Income taxes | 67/77 | - | €5,125 | +€5,125 | |
| Profit (loss) for the period | 9904 | €217 | -€8,561 | -€8,778 | |
| Profit (loss) for the period to be appropriated | 9905 | €217 | -€8,561 | -€8,778 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.