HKM Express: 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.
HKM Express
Largest movements
- Cash +€23,310
up €23,310 (+59.6%), from €39,143 to €62,453
mainly Receivables within one year (+€17,623) and Depreciation (+€3,931)
- Receivables within one year -€17,623
down €17,623 (-59.4%), from €29,667 to €12,044
of which Other amounts receivable: -€18,023
- Tangible fixed assets -€3,931
down €3,931 (-68.1%), from €5,769 to €1,839
of which Furniture and vehicles: -€3,333
- Profit (loss) carried forward +€2,261
up €2,261 (+4.0%), from €56,473 to €58,734
- Gross operating margin -€9,179
down €9,179 (-38.7%), from €23,705 to €14,526
- Other operating charges +€5,122
up €5,122 (+696%), from €735 to €5,857
- Taxes -€2,860
down €2,860 (-54.6%), from €5,235 to €2,374
- Financial charges +€761
up €761 (+725%), from €105 to €866
- Financial income -€467
down €467 (-37.9%), from €1,231 to €764
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.
Derived cash bridge
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 | €74,579 | €76,336 | +€1,757 | +2.4% |
| Fixed assets | 21/28 | €5,769 | €1,839 | -€3,931 | -68.1% |
| Tangible fixed assets | 22/27 | €5,769 | €1,839 | -€3,931 | -68.1% |
| Plant, machinery and equipment | 23 | €1,395 | €797 | -€598 | -42.8% |
| Furniture and vehicles | 24 | €4,374 | €1,041 | -€3,333 | -76.2% |
| Current assets | 29/58 | €68,809 | €74,497 | +€5,687 | +8.3% |
| Amounts receivable within one year | 40/41 | €29,667 | €12,044 | -€17,623 | -59.4% |
| Trade receivables | 40 | - | €400 | +€400 | |
| Other amounts receivable | 41 | €29,667 | €11,644 | -€18,023 | -60.8% |
| Cash at bank and in hand | 54/58 | €39,143 | €62,453 | +€23,310 | +59.6% |
| Total equity and liabilities | 10/49 | €74,579 | €76,336 | +€1,757 | +2.4% |
| Equity | 10/15 | €59,833 | €62,094 | +€2,261 | +3.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 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 | €56,473 | €58,734 | +€2,261 | +4.0% |
| Amounts payable | 17/49 | €14,746 | €14,242 | -€504 | -3.4% |
| Amounts payable within one year | 42/48 | €14,746 | €14,242 | -€504 | -3.4% |
| Trade debts | 44 | €1,614 | €951 | -€663 | -41.1% |
| Suppliers | 440/4 | €1,614 | €951 | -€663 | -41.1% |
| Taxes, remuneration and social security | 45 | €13,132 | €13,290 | +€159 | +1.2% |
| Taxes | 450/3 | €13,132 | €13,290 | +€159 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,702 | €3,931 | +€228 | +6.2% |
| Other operating charges | 640/8 | €735 | €5,857 | +€5,122 | +696% |
| Non-recurring operating charges | 66A | €1,289 | - | -€1,289 | |
| Gross operating margin | 9900 | €23,705 | €14,526 | -€9,179 | -38.7% |
| Operating profit (loss) | 9901 | €17,978 | €4,738 | -€13,240 | -73.6% |
| Financial income | 75/76B | €1,231 | €764 | -€467 | -37.9% |
| Recurring financial income | 75 | €1,231 | €764 | -€467 | -37.9% |
| Financial charges | 65/66B | €105 | €866 | +€761 | +725% |
| Recurring financial charges | 65 | €105 | €866 | +€761 | +725% |
| Profit (loss) for the period before taxes | 9903 | €19,104 | €4,636 | -€14,468 | -75.7% |
| Income taxes | 67/77 | €5,235 | €2,374 | -€2,860 | -54.6% |
| Profit (loss) for the period | 9904 | €13,869 | €2,261 | -€11,608 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,869 | €2,261 | -€11,608 | -83.7% |
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 16 October 2026 via checked.be.